Gallatin Historical Society
- Assets
- $1.1m
- Revenue
- $248.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Bozeman, MT
- Founding
- 09/1978
- Data as of
- 12/2022
- EIN
- 81-0378098
Organization Overview
Gallatin Historical Society is located in Bozeman, MT. The organization was established in 1978. 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. As of 12/2022, Gallatin Historical Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gallatin Historical Society 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, Gallatin Historical Society generated $248.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $220.3k during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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
TO PRESERVE AND PROTECT DOCUMENTS AND ARTIFACTS RELEVANT TO THE HISTORY OF GALLATIN COUNTY AND THE SURROUNDING AREA, AND TO AVAIL THESE ARTIFACTS AND DOCUMENTS IN THE GALLATIN HISTORY MUSEUM, LOCATED AT 317 WEST MAIN STREET, BOZEMAN, MT 59715, FOR THE EDUCATION OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & OUTREACH THROUGH THE PUBLISHING OF A QUARTERLY MAGAZINE, PRESENTATIONS FOR LOCAL ORGANIZATIONS, OUTREACH PROGRAMS FOR TEACHERS PLANNING HISTORY CURRICULUM, THE ANNUAL MEETING, AND MUSEUM AND RESEARCH TOURS FOR AREA GRADE SCHOOLS.
MAINTENANCE OF EQUIPMENT, RESEARCH CENTER AND FOR THE 1911 JAIL WHICH IS USED FOR EXHIBIT ROOMS, THE BOOKSTORE, A MEETING ROOM, AND STORAGE AREAS. THE RESEARCH CENTER ALSO PROVIDES PROPER STORAGE AREAS FOR DATA AND HISTORICAL ITEMS.
RECEIVE AND CATALOG ARTIFACTS, PHOTOS, FAMILY HISTORIES, AND OBITUARIES; REGISTER MEMBERSHIP AND DONATIONS; UPDATE COMPUTER SYSTEM FOR STORING HISTORICAL DATA, MEMBERSHIP RECORDS, DONOR INFORMATION AND SCANNING PHOTOS AND PAPER ARTIFACTS; PLAN AND ARRANGE NEW EXHIBITS BOTH ON-SITE AND AT REMOTE LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Yeager Executive Dir. | Officer | 40 | $26,408 |
Jon Zemans Secretary | OfficerTrustee | 3 | $0 |
John Backes President | OfficerTrustee | 9 | $0 |
Chris Hollewijn Vice President | OfficerTrustee | 3 | $0 |
Jim Powell Treasurer | OfficerTrustee | 3 | $0 |
Matt Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,380 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,115 |
| Total Program Service Revenue | $22,896 |
| Investment income | $11,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200 |
| Net Income from Fundraising Events | $6,966 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,673 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,641 |
| 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. | $26,408 |
| Compensation of current officers, directors, key employees. | $2,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,864 |
| Fees for services: Other | $4,353 |
| Advertising and promotion | $3,875 |
| Office expenses | $1,889 |
| Information technology | $9,674 |
| Royalties | $0 |
| Occupancy | $15,917 |
| Travel | $221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,226 |
| Insurance | $2,398 |
| All other expenses | $80 |
| Total functional expenses | $220,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,272 |
| Savings and temporary cash investments | $3,485 |
| 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 | $7,657 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $393,617 |
| Investments—publicly traded securities | $581,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,061,872 |
| Accounts payable and accrued expenses | $8,184 |
| 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 | $8,184 |
| Net assets without donor restrictions | $1,006,009 |
| Net assets with donor restrictions | $47,679 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,061,872 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gallatin Historical Society has recieved totaling $11,358.
| Awarding Organization | Amount |
|---|---|
One Valley Community Foundation Bozeman, MT PURPOSE: UNRESTRICTED DONATION | $10,000 |
Alderson Family Foundation La Quinta, CA PURPOSE: MUSEUM OF REGIONAL HISTORY WITH NATIVE AMERICAN EXHIBITS, BATTLEFIELD ARTIFACTS AND A PHOTO ARCHIVE | $1,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $108 |
Endowment Analysis
| Beg. Balance | $787,893 |
| Other Expense | $787,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theodore Roosevelt Medora Foundation Medora, ND | $68,522,255 | $10,499,633 |
Museum Of Idaho Inc Idaho Falls, ID | $10,042,756 | $2,158,282 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $22,476,449 | $3,858,593 |
Montana History Foundation Helena, MT | $8,725,083 | $1,655,465 |
Prairie Historical Society Madison, SD | $1,764,797 | $630,424 |
Sublette County Historical Society Inc A Foundation Pinedale, WY | $4,953,852 | $841,441 |
Yankton County Historical Society Yankton, SD | $4,149,474 | $749,348 |
Fort Abraham Lincoln Foundation Bismarck, ND | $4,838,632 | $1,443,613 |
Wolakota Waldorf Society Kyle, SD | $2,750,853 | $281,275 |
Cass County North Dakota Historical Society West Fargo, ND | $2,741,329 | $571,540 |
Montana Preservation Alliance Inc Helena, MT | $314,695 | $603,936 |
Billings Preservation Society Inc Billings, MT | $944,342 | $515,575 |