Klein Foundation Inc
- Assets
- $440.1k
- Revenue
- $97.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Mobridge, SD
- Founding
- 04/1975
- Data as of
- 12/2021
- EIN
- 46-0323750
Organization Overview
Klein Foundation Inc is located in Mobridge, SD. The organization was established in 1975. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Klein Foundation Inc 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, Klein Foundation Inc generated $97.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $115.6k during the year ending 12/2021. While expenses have increased by 5.6% 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
LOCAL MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND OPERATED A SMALL, LOCAL HISTORY MUSEUM. PROVIDED SEVERAL PROGRAMS ON LOCAL HISTORY AND CULTURE. PROVIDED SPACE FOR A FARMER'S MARKET.
OPERATED A GIFT SHOP PROVIDING HISTORICAL BOOKS AND RELATED ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Curran President | Officer | $0 | |
Shela Bohlander Secretary | Officer | $0 | |
Gary Street Treasurer | Officer | $0 | |
Jane Leibel Vice Preside | Officer | $0 | |
Jeff Anderson Director | Trustee | $0 | |
Ken Heil Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,070 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,259 |
| Total Program Service Revenue | $31,464 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $7,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,200 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $436 |
| Payroll taxes | $2,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,083 |
| Fees for services: Other | $847 |
| Advertising and promotion | $1,299 |
| Office expenses | $2,441 |
| Information technology | $1,107 |
| Royalties | $0 |
| Occupancy | $51,351 |
| Travel | $200 |
| 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 | $10,151 |
| Insurance | $8,379 |
| All other expenses | $1,549 |
| Total functional expenses | $115,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,664 |
| Savings and temporary cash investments | $0 |
| 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 | $1,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $91,464 |
| Investments—publicly traded securities | $120,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,278 |
| Total assets | $440,058 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,750 |
| Other liabilities | $0 |
| Total liabilities | $3,750 |
| Net assets without donor restrictions | $436,308 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $440,058 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Klein Foundation Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare and betterment | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
National Museum Of Wildlife Art Of The United States Jackson, WY | $41,741,861 | $4,638,003 |
National Museum Of Military Vehicles Dubois, WY | $44,269,511 | $10,295,733 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |
Museum Of The Rockies Bozeman, MT | $31,412,475 | $8,834,590 |
Danish Immigrant Museum Elk Horn, IA | $10,787,918 | $1,977,649 |
Hastings Museum Hastings, NE | $361,116 | $1,611,547 |
Smith Collection Lincoln, NE | $38,634,581 | $8,821,762 |
National Sprint Car Hall Of Fame & Museum Foundation Inc Knoxville, IA | $7,797,948 | $2,501,286 |
Lake Superior Railroad Museum Duluth, MN | $1,428,444 | $1,322,754 |
Wyoming Dinosaur Center Thermopolis, WY | $2,337,620 | $1,002,918 |