Souders Historical Farm & Museum Foundation
- Assets
- $504.6k
- Revenue
- $16.3k
- Investments
- $202.8k
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 11/1994
- Data as of
- 12/2021
- 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 12/2021, Souders Historical Farm & Museum Foundation generated $16.3k 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 (5.3%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2021. 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
2021
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 | |
Sarah Miller Secretary | 1 | $2,000 | |
Michelle Palermo Treasurer | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $84 |
| Interest on Savings | $131 |
| Dividends & Interest | $5,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,343 |
| Capital Gain Net Income | $10,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,323 |
| 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 | $402 |
| Depreciation | $2,878 |
| Occupancy | $3,566 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,387 |
| Total operating and administrative expenses | $42,663 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $42,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,337 |
| Savings and temporary cash investments | $26,694 |
| 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 | $120,947 |
| Net Land, buildings, and equipment | $246,727 |
| Other assets | $0 |
| Total assets | $504,575 |
| 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 |
Peer Organizations
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|---|---|---|
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The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
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Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
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Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Lion Global Foundation Denver, CO | $27,670,557 | $8,372,189 |
Museum Of Outdoor Arts Englewood, CO | $18,523,880 | $4,071,362 |
American Jazz Museum Kansas City, MO | $1,292,332 | $1,809,014 |
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