Clay County Heritage
- Assets
- $2.1m
- Revenue
- $164.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Spencer, IA
- Founding
- 10/1986
- Data as of
- 12/2021
- EIN
- 42-6060183
Organization Overview
Clay County Heritage is located in Spencer, IA. The organization was established in 1986. 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. As of 12/2021, Clay County Heritage employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clay County Heritage 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 12/2021, Clay County Heritage generated $164.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $178.7k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, PRESERVE AND DISPLAY THE HISTORY AND ARTIFACTS AND EDUCATE THE RESIDENTS OF CLAY COUNTY, IOWA ABOUT THE HISTORY OF THE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT EDUCATIONAL MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonna Winther Secretary | OfficerTrustee | 2 | $0 |
Kristine Willrett Vice President | OfficerTrustee | 2 | $0 |
Mary Jo Smith Treasurer | OfficerTrustee | 4 | $0 |
Kevin Brown President | OfficerTrustee | 2 | $0 |
Gary Ogburn Board Member | Trustee | 1 | $0 |
Vanessa Moore Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,136 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,272 |
| Total Program Service Revenue | $0 |
| Investment income | $2,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,823 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,981 |
| Office expenses | $4,790 |
| Information technology | $362 |
| Royalties | $0 |
| Occupancy | $31,472 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,915 |
| All other expenses | $1,724 |
| Total functional expenses | $178,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,060 |
| Net Land, buildings, and equipment | $1,723,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,054 |
| Total assets | $2,113,263 |
| Accounts payable and accrued expenses | $15,379 |
| Grants payable | $0 |
| Deferred revenue | $10,110 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $385 |
| Total liabilities | $25,874 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,087,389 |
| Total liabilities and net assets/fund balances | $2,113,263 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Clay County Heritage has recieved totaling $18,058.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION TO PAINT THE PARKER MUSEUM | $10,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,058 |
Walden Charitable Foundation Arnolds Park, IA PURPOSE: TRAVELING EXHIBIT TO EDUCATE ONHISTORY OF THE REGION | $1,000 |
Walden Charitable Foundation Arnolds Park, IA PURPOSE: TRAVELING EXHIBIT TO EDUCATE ONHISTORY OF THE REGION | $1,000 |
Endowment Analysis
| Beg. Balance | $134,077 |
| Earnings | $11,977 |
| Other Expense | $5,000 |
| Ending Balance | $141,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $22,476,449 | $3,858,593 |
Midwest Art Conservation Center Inc Minneapolis, MN | $2,125,685 | $1,795,271 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Truck Historical Society Kansas City, MO | $4,869,322 | $1,570,216 |
Nebraska State Historical Society Foundation Lincoln, NE | $17,627,220 | $2,353,385 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |