Friends Of The Historic Adams Hotel
- Assets
- $20.3k
- Revenue
- $110.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lavina, MT
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-2570014
Organization Overview
Friends Of The Historic Adams Hotel is located in Lavina, MT. The organization was established in 2017. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Friends Of The Historic Adams Hotel 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, Friends Of The Historic Adams Hotel generated $110.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $320.0k during the year ending 12/2021. 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
OUR MISSION IS TO PRESERVE THE ADAMS HOTEL AN HISTORIC BUILDING ON THE NATIONAL REGISTRY LOCATED IN LAVINA MONTANA 59046 . THE BUILDING HAS DETERIORATED ESPECIALLY THE FOUNDATION. IN 2019 WE WERE ABLE TO REPAIR AND PAINT THE FRONT WITH THE HELP OF A GRANT{ 3500 AND DONATION {10,000} PLUS A FUNDRAISER. LAST YEAR 2020 THE FRIENDS RECEIVED A LARGE DONATION OF $200,000. SO WE CAN BEGIN OUR PLANS TO REPAIR THE FOUNDATION WHICH IS IN CRITICAL SHAPE. WE STILL DID NOT HAVE QUITE ENOUGH FUNDS TO BEGIN THIS PROJECT BUT HAVE BEGUN IT THIS YEAR 2021. WE ARE JUST NOW COMPLETING THE SIDING REPAIR AND EXTERIOR PAINTING IN 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOE MAHURIN OF BOZEMAN MONTANA REPAIRED THE FOUNDATION FOR THE ADAMS HOTEL
STEVE VENTLING OF BILLINGS REPAIRED THE OLD EXTERIOR SIDING PORCH AND DOORS PRIOR TO EXTERIOR PAINTING OF ADAMS HOTEL
JOEY D PAINTING OF BILLINGS MONTANA HAS COMPLETED SOME OF THE PAINTING OF THE ADAMS HOTEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Dedman Vice President | 1 | $0 | |
Catherine Thayer President | 4 | $0 | |
James Lehfeldt Director | 1 | $0 | |
Lenore Swensen Secretary Treasurer | 1 | $0 | |
Robert Lehfeldt Director | 1 | $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 | $110,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,009 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $110,009 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $558 |
| Total functional expenses | $319,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,330 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,330 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $20,330 |
| 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 | $20,330 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yellowstone Historic Center Inc West Yellowstone, MT | $1,507,190 | $417,504 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Heart Mountain Wyoming Foundation Powell, WY | $9,452,012 | $2,858,388 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |
Hardy Foundation Inc Boise, ID | $14,628,798 | $1,249,658 |
Billings Depot Inc Billings, MT | $2,400,537 | $559,343 |
Northern Plains Heritage Foundation Bismarck, ND | $399,840 | $434,792 |
Navy Legacy Flight Foundation Jackson, WY | $249,221 | $443,070 |
Historic Homestake Opera House Society Lead, SD | $3,779,298 | $427,991 |
The Capital Gallery Society Bismarck, ND | $762,645 | $377,655 |
Cheyenne Frontier Days Foundation Inc Cheyenne, WY | $1,906,727 | $465,437 |
Friends Of The Historic Adams Hotel Lavina, MT | $20,330 | $110,009 |