Theodore Roosevelt Medora Foundation
- Assets
- $80.0m
- Revenue
- $14.1m
- Investments
- $405.5k
- Employees
- 458
- Location
- Medora, ND
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 45-0397662
Organization Overview
Theodore Roosevelt Medora Foundation is located in Medora, ND. The organization was established in 1987. 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 12/2023, Theodore Roosevelt Medora Foundation employed 458 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theodore Roosevelt Medora Foundation 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 12/2022, Theodore Roosevelt Medora Foundation generated $14.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $10.2m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATING HISTORY, EDUCATION & ENTERTAINMENT BUSINESSES THAT ALLOW GUESTS TO ENJOY THE ND BADLANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EDUCATES VISITORS ABOUT THE HISTORICAL IMPORTANCE OF THE MEDORA AREA THROUGH THE OPERATION OF MUSEUMS, SHOWS, AND A MUSICAL. THE MEDORA MUSICAL IS A SEASONAL HISTORICAL AND PATRIOTIC PERFORMING ARTS PROGRAM AND IS THE SINGLE LARGEST PROGRAM IN SUPPORT OF THE THEODORE ROOSEVELT MEDORA FOUNDATION'S PRIMARY EXEMPT PURPOSE. IN 2023, THE MEDORA MUSICAL EDUCATED, INFORMED, AND ENTERTAINED APPROXIMATELY 113,000 GUESTS. TO HELP SERVE AND PROVIDE FOR THE COMFORT OF THE TRAVELING PUBLIC, A VARIETY OF FOOD SERVICE OUTLETS ARE OPERATED, MOST NOTABLY THE PITCHFORK STEAK FONDUE. VOLUNTEERS ARE A CRITICAL PART OF MAKING OPERATIONS SUCCESSFUL IN MEDORA. DURING 2023, 670 INDIVIDUALS FILLED 803 VOLUNTEER SLOTS TO HELP KEEP EVERYTHING OPEN AND OPERATING.IN ADDITION TO THE SIGNIFICANT ROLE PLAYED BY VOLUNTEERS, A SEASONAL WORKFORCE IS ALSO CRITICAL TO THE ORGANIZATION'S SUCCESS. MANY COLLEGE STUDENTS FILL THESE ROLES AS THE ORGANIZATION OFFERS A COLLEGE-LIKE CAMPUS FEEL THROUGH ITS FACILITIES AND SOCIAL OPPORTUNITIES. COLLEGE STUDENTS ATTENDING DOMESTIC COLLEGES OR UNIVERSITIES ARE ELIGIBLE FOR A $1,500 TJADEN SCHOLARSHIP THROUGH THE TJADEN EDUCATIONAL ASSISTANCE PROGRAM. ALL SEASONAL EMPLOYEES ARE ELIGIBLE FOR THE $500 LARSON AMBASSADOR AWARD, WHICH IS PAID AS A TAXABLE BONUS. IN 2023, FIFTEEN TJADEN SCHOLARSHIPS WERE ISSUED TO THIRTEEN DOMESTIC STUDENT EMPLOYEES AND TWO INTERNATIONAL STUDENT EMPLOYEES, ALL ATTENDING DOMESTIC COLLEGES OR UNIVERSITIES. THIRTY-THREE AMBASSADOR AWARDS WERE PAID OUT IN 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim O'keefe Chair Of Board | OfficerTrustee | 3 | $0 |
Levi Andrist Vice Chair Of Board | OfficerTrustee | 2 | $0 |
Michael Zaun Secretary/treasurer | OfficerTrustee | 2 | $0 |
Barry Schafer Director | Trustee | 1 | $0 |
Byron Snider Director (as Of Feb 23) | Trustee | 1 | $0 |
Don Clement Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stagewest Entertainment Musical Production | 12/30/23 | $919,261 |
Inside & Out Llc Construction | 12/30/23 | $315,574 |
Lawrence & Schiller Inc Avertising Agency | 12/30/23 | $298,557 |
Majestic Oaks Holding Construction | 12/30/23 | $249,808 |
Winn Construction Construction | 12/30/23 | $130,796 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,922 |
| Related organizations | $0 |
| Government grants | $360,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,605,540 |
| Noncash contributions included in lines 1a–1f | $362,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,010,462 |
| Total Program Service Revenue | $8,124,920 |
| Investment income | $723,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,048 |
| Net Rental Income | -$1,265,001 |
| Net Gain/Loss on Asset Sales | -$514,879 |
| Net Income from Fundraising Events | -$15,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,067,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $365,536 |
| Compensation of current officers, directors, key employees. | $241,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,734,107 |
| Pension plan accruals and contributions | $87,371 |
| Other employee benefits | $350,862 |
| Payroll taxes | $310,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,531 |
| Fees for services: Accounting | $45,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,109 |
| Fees for services: Other | $433,844 |
| Advertising and promotion | $236,052 |
| Office expenses | $441,309 |
| Information technology | $238,282 |
| Royalties | $0 |
| Occupancy | $573,471 |
| Travel | $399,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $975,426 |
| Insurance | $198,880 |
| All other expenses | $199,068 |
| Total functional expenses | $10,186,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,621,757 |
| Pledges and grants receivable | $4,656,300 |
| Accounts receivable, net | $55,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,533 |
| Prepaid expenses and deferred charges | $314,173 |
| Net Land, buildings, and equipment | $51,512,887 |
| Investments—publicly traded securities | $14,627,571 |
| Investments—other securities | $405,480 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,784,849 |
| Total assets | $80,037,493 |
| Accounts payable and accrued expenses | $937,765 |
| Grants payable | $0 |
| Deferred revenue | $1,067,953 |
| Tax-exempt bond liabilities | $4,720,190 |
| 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 | $372,300 |
| Total liabilities | $7,098,208 |
| Net assets without donor restrictions | $57,866,732 |
| Net assets with donor restrictions | $15,072,553 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $80,037,493 |