Grand River Museum
- Assets
- $204.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lemmon, SD
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 46-0449061
Organization Overview
Grand River Museum is located in Lemmon, SD. The organization was established in 1998. 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. Grand River Museum 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 12/2023, Grand River Museum generated $37.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $41.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRESERVATION OF THE HISTORY OF THE GRAND RIVER REGION OF SOUTH DAKOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Schmidt President | 10 | $0 | |
Lisa Schmidt Vice President | 10 | $0 | |
Phyllis Schmidt Sec/treas | 32 | $9,000 | |
Kim Petik Director | 2 | $0 | |
James Petik Director | 4 | $0 | |
Elizabeth Hotchkiss Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,482 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $567 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $155 |
| Total Revenue | $37,850 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,727 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,252 |
| Printing, publications, postage, and shipping | $1,652 |
| Other expenses | $22,239 |
| Total expenses | $41,870 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,615 |
| Other assets | $0 |
| Total assets | $204,631 |
| Total liabilities | $0 |
| Net assets or fund balances | $204,631 |