Solvang Heritage Associates
- Assets
- $2.8m
- Revenue
- $533.6k
- Investments
- $1.9m
- Employees
- 1
- Location
- Solvang, CA
- Founding
- 10/1994
- Data as of
- 06/2022
- EIN
- 77-0248806
Organization Overview
Solvang Heritage Associates, operating under the name Elverhoj Museum Of History & Art, is located in Solvang, CA. The organization was established in 1994. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, 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. Elverhoj Museum Of History & Art 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 06/2022, Elverhoj Museum Of History & Art generated $533.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $514.3k during the year ending 06/2022. While expenses have increased by 8.2% 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
COLLECT, PRESERVE, AND EXHIBIT THE HISTORY AND DANISH CULTURE OF SOLVANG AND PROMOTE THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CULTURAL MUSEUM OPEN TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Bales President | OfficerTrustee | 2 | $0 |
Gay Infanti Treasurer | OfficerTrustee | 4 | $0 |
Erik Gregersen Director | Trustee | 2 | $0 |
Meighan Dietenhofer Director | Trustee | 2 | $0 |
Lisa W Pedersen Secretary | OfficerTrustee | 2 | $0 |
Gabrielle Robbins Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,725 |
| Fundraising events | $168,081 |
| Related organizations | $0 |
| Government grants | $76,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,193 |
| Noncash contributions included in lines 1a–1f | $62,553 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,394 |
| Total Program Service Revenue | $30,935 |
| Investment income | $46,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,140 |
| Net Income from Fundraising Events | -$7,418 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,587 |
| 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. | $93,698 |
| Compensation of current officers, directors, key employees. | $23,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,820 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,452 |
| Office expenses | $6,902 |
| 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 | $228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,346 |
| Insurance | $10,552 |
| All other expenses | $1,548 |
| Total functional expenses | $514,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591 |
| Savings and temporary cash investments | $209,501 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $740 |
| Net Land, buildings, and equipment | $664,880 |
| Investments—publicly traded securities | $8,797 |
| Investments—other securities | $1,894,887 |
| Investments—program-related | $30,872 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,810,268 |
| Accounts payable and accrued expenses | $16,397 |
| 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 | $0 |
| Total liabilities | $16,397 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $185,201 |
| Paid-in or capital surplus, or land, building, or equipment fund | $664,879 |
| Retained earnings, endowment, accumulated income, or other funds | $1,943,791 |
| Total liabilities and net assets/fund balances | $2,810,268 |