Froelich Foundation For The Preservation Of Farm Tractor Histo
- Assets
- $468.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mc Gregor, IA
- Founding
- 09/1988
- Data as of
- 01/2024
- EIN
- 42-1295071
Organization Overview
Froelich Foundation For The Preservation Of Farm Tractor Histo is located in Mc Gregor, IA. The organization was established in 1988. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Froelich Foundation For The Preservation Of Farm Tractor Histo is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Froelich Foundation For The Preservation Of Farm Tractor Histo generated $52.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $40.8k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
OPERATION OF MUSEUM AND MAINTENANCE OF GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Meyer Vice President | 2 | $0 | |
John Eberhardt Board Member | 1 | $0 | |
Brady Henkes Treasurer | 2 | $0 | |
Todd Larson Board Member | 1 | $0 | |
Laurie Troester Board Member | 1 | $0 | |
Lance Donlon Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,884 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,600 |
| Investment income | $19,292 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $19,427 |
| Total Revenue | $52,292 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,721 |
| Professional fees and other payments to independent contractors | $5,143 |
| Occupancy, rent, utilities, and maintenance | $6,480 |
| Printing, publications, postage, and shipping | $195 |
| Other expenses | $7,213 |
| Total expenses | $40,752 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $468,928 |
| Other assets | $0 |
| Total assets | $468,928 |
| Total liabilities | $0 |
| Net assets or fund balances | $468,928 |