Klein Foundation Inc
- Assets
- $433.1k
- Revenue
- $88.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Mobridge, SD
- Founding
- 04/1975
- Data as of
- 12/2022
- 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 12/2022, Klein Foundation Inc generated $88.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $94.2k during the year ending 12/2022. While expenses have increased by 2.8% 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
2022
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 |
|---|---|---|---|
Jeff Anderson Director | Trustee | $0 | |
Joyce Docktor Director | Trustee | $0 | |
Ken Heil Director | Trustee | $0 | |
Deb Lutz Director | Trustee | $0 | |
Lyle Walth Director | Trustee | $0 | |
Shela Bohlander Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,185 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,943 |
| Total Program Service Revenue | $41,261 |
| Investment income | $24 |
| 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 | $6,326 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,554 |
| 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 | $35,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,463 |
| Payroll taxes | $2,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31 |
| Fees for services: Accounting | $1,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $971 |
| Fees for services: Other | $4,501 |
| Advertising and promotion | $1,022 |
| Office expenses | $2,058 |
| Information technology | $1,096 |
| Royalties | $0 |
| Occupancy | $9,837 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,150 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $94,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,368 |
| Savings and temporary cash investments | $13,502 |
| 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 | $2,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $81,314 |
| Investments—publicly traded securities | $103,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,934 |
| Total assets | $433,148 |
| 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 | $2,500 |
| Other liabilities | $0 |
| Total liabilities | $2,500 |
| Net assets without donor restrictions | $430,648 |
| 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 | $433,148 |