Theodore Roosevelt Medora Foundation
- Assets
- $68.5m
- Revenue
- $10.5m
- Investments
- $462.2k
- Employees
- 445
- Location
- Medora, ND
- Founding
- 01/1987
- Data as of
- 01/2021
- 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 12/2021, Theodore Roosevelt Medora Foundation employed 445 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 01/2021, Theodore Roosevelt Medora Foundation generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.1m during the year ending 01/2021. 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
PRESERVE THE EXPERIENCE OF THE BADLANDS, THE HISTORIC CHARACTER OF MEDORA AND THE VALUES AND TRADITIONS OF THE 'BULLY SPIRIT' OF THEODORE ROOSEVELT; PRESENT OPPORTUNITIES FOR OUR GUEST TO BE EDUCATED AND INSPIRED THROUGH INTERPRETIVE PROGRAMS, MUSEUMS AND ATTRACTIONS THAT FOCUS ON THE OLD WEST, OUR PATRIOTIC HERITAGE, AND THE LIFE OF THEODORE ROOSEVELT IN THE BADLANDS; SERVE THE TRAVELING PUBLIC, PROVIDING FOR THEIR COMFORT WHILE VISITING HISTORIC MEDORA, THE BADLANDS AND THEODORE ROOSEVELT NATIONAL PARK.
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 2021, THE MEDORA MUSICAL EDUCATED, INFORMED, AND ENTERTAINED APPROXIMATELY 124,000 GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Hatzenbuhler President | Officer | 40 | $181,052 |
Joe Wiegand Major Gift Officer | 40 | $156,864 | |
Clarence Sitter Chief Financial Officer | Officer | 40 | $123,516 |
Ed Schafer Chair Of Board | OfficerTrustee | 1 | $0 |
Levi Andrist -Director Until June '21/secr Starting June '21 | OfficerTrustee | 1 | $0 |
Greg Tschetter Vc Of Board Until June '21 | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stagewest Entertainment Production Of Musical | 12/30/21 | $889,215 |
Je Dunn Construction Company Construction Services | 12/30/21 | $3,456,661 |
Farden Construction Construction Services | 12/30/21 | $761,338 |
Berger Electric Construction Services | 12/30/21 | $181,466 |
Roers Construction Construction Services | 12/30/21 | $580,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,606,699 |
| Investment income | $333,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,664 |
| Net Rental Income | -$978,876 |
| Net Gain/Loss on Asset Sales | -$24,941 |
| Net Income from Fundraising Events | -$14,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,499,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $41,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $414,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,090,831 |
| Pension plan accruals and contributions | $33,951 |
| Other employee benefits | $153,007 |
| Payroll taxes | $203,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,700 |
| Fees for services: Accounting | $25,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,025 |
| Fees for services: Other | $334,810 |
| Advertising and promotion | $227,057 |
| Office expenses | $321,255 |
| Information technology | $55,100 |
| Royalties | $0 |
| Occupancy | $549,526 |
| Travel | $187,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,019,701 |
| Insurance | $149,536 |
| All other expenses | $0 |
| Total functional expenses | $7,071,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,098,329 |
| Pledges and grants receivable | $4,520,335 |
| Accounts receivable, net | $85,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,270 |
| Prepaid expenses and deferred charges | $376,075 |
| Investments—publicly traded securities | $10,643,649 |
| Investments—other securities | $462,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,888,480 |
| Total assets | $68,522,255 |
| Accounts payable and accrued expenses | $705,087 |
| Grants payable | $0 |
| Deferred revenue | $872,669 |
| 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 | $7,924,160 |
| Unsecured mortgages and notes payable | $1,035,000 |
| Other liabilities | $376,772 |
| Total liabilities | $10,913,688 |
| 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 |
| Total liabilities and net assets/fund balances | $57,608,567 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Theodore Roosevelt Medora Foundation has recieved totaling $548,977.
| Awarding Organization | Amount |
|---|---|
Matt And Joann Butler Foundation Fargo, ND PURPOSE: POINT TO POINT PARK | $400,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $100,666 |
North Dakota Humanities Council Bismarck, ND PURPOSE: Humanities Programs - SHARP Funding | $10,000 |
John And Elaine Andrist Charitable Tr Bismarck, ND PURPOSE: MEDORA CHRISTMAS SHOW IN CROSBY | $10,000 |
Myra Foundation Grand Forks, ND PURPOSE: MEDORA WISH | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,477 |
Endowment Analysis
| Beg. Balance | $10,265,633 |
| Earnings | $1,570,491 |
| Admin Expense | $299,925 |
| Net Contributions | $1,125,080 |
| Ending Balance | $12,661,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theodore Roosevelt Medora Foundation Medora, ND | $68,522,255 | $10,499,633 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
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 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |
Rethos Saint Paul, MN | $2,732,815 | $1,832,549 |
Montana History Foundation Helena, MT | $8,725,083 | $1,655,465 |
Stearns County Historical Society Inc St Cloud, MN | $1,632,705 | $959,647 |
St Louis County Historical Society Duluth, MN | $3,937,254 | $723,010 |
Preserve Association Eden Prairie, MN | $979,552 | $679,500 |
Olmsted County Historical Society Rochester, MN | $1,499,988 | $925,524 |
Prairie Historical Society Madison, SD | $1,764,797 | $630,424 |