Cedar Valley Seminary Foundation Inc
- Assets
- $5.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Osage, IA
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-4182913
Organization Overview
Cedar Valley Seminary Foundation Inc is located in Osage, IA. The organization was established in 2015. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cedar Valley Seminary Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Valley Seminary 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, Cedar Valley Seminary Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.9% each year . All expenses for the organization totaled $627.4k during the year ending 12/2021. While expenses have increased by 39.5% 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
DISPLAY HISTORICAL ITEMS RELATING TO MITCHELL COUNTY, IOWA, PRESERVING A HISTORICAL STRUCTURE, AND HOLDING EVENTS TO EDUCATE PEOPLE ON MITCHELL COUNTY, IOWA HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISPLAY HISTORICAL ITEMS RELATING TO MITCHELL COUNTY, IOWA, PRESERVING A HISTORICAL STRUCTURE, AND HOLDING EVENTS TO EDUCATE PEOPLE ON MITCHELL COUNTY, IOWA HISTORY.
ALL OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Ruehlow President | Trustee | 20 | $0 |
William Hughet Vice President | Trustee | 2 | $0 |
Beth Hoppel Secretary | Trustee | 2 | $0 |
Yvonne Tourtellott Treasurer | Trustee | 2 | $0 |
Paul Demro Trustee | Trustee | 2 | $0 |
Bill Fox Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $788,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $788,896 |
| Total Program Service Revenue | $264,813 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,482 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,061,198 |
| 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 | $214,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $937 |
| Office expenses | $1,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,910 |
| Insurance | $14,308 |
| All other expenses | $52,467 |
| Total functional expenses | $627,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,274 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,506 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,073,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,683,054 |
| Total assets | $5,794,526 |
| Accounts payable and accrued expenses | $4,107 |
| 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 | $0 |
| Other liabilities | $657,173 |
| Total liabilities | $661,280 |
| 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 | $5,133,246 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,794,526 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cedar Valley Seminary Foundation Inc has recieved totaling $5,027.
| Awarding Organization | Amount |
|---|---|
Tomson Fam Foundation Tr Mason City, IA PURPOSE: OPERATING EXPENSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
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 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |