Souders Historical Farm & Museum Foundation
- Assets
- $474.4k
- Revenue
- $20.4k
- Investments
- $187.9k
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 48-1152824
Organization Overview
Souders Historical Farm & Museum Foundation is located in Hutchinson, KS. The organization was established in 1994. 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. Souders Historical Farm & Museum 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 12/2022, Souders Historical Farm & Museum Foundation generated $20.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $40.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING ITS OWN EDUCATIONAL PROGRAM REGARDING THE HISTORICAL CONTEXT OF FARMING TO ADVANCE PUBLIC KNOWLEDGE OF FARMING PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scharon Merriman President | 1 | $2,000 | |
Karen Yingst Vice President | 1 | $2,000 | |
Michelle Palermo Treasurer | 1 | $2,000 | |
Sarah Miller Secretary | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101 |
| Interest on Savings | $89 |
| Dividends & Interest | $4,593 |
| Net Rental Income | $525 |
| Net Gain on Sale of Assets | $12,924 |
| Capital Gain Net Income | $12,924 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,166 |
| Total Revenue | $20,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $392 |
| Depreciation | $4,288 |
| Occupancy | $2,997 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,868 |
| Total operating and administrative expenses | $40,945 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $40,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,962 |
| Savings and temporary cash investments | $34,879 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $113,710 |
| Net Land, buildings, and equipment | $249,637 |
| Other assets | $0 |
| Total assets | $474,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |