Knife River Heritage & Cultural Center
- Assets
- $20.2k
- Revenue
- $38.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Knife River, MN
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 83-1260034
Organization Overview
Knife River Heritage & Cultural Center is located in Knife River, MN. The organization was established in 2018. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Knife River Heritage & Cultural Center 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, Knife River Heritage & Cultural Center generated $38.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $39.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Ellestad Board Member | 6 | $0 | |
Paul Von Goertz President | 12 | $0 | |
Todd Lindahl Board Member | 6 | $0 | |
Duane Madison Board Member | 0.5 | $0 | |
Robert Entzion Secretary | 0.5 | $0 | |
Larry Ronning Board Member | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,938 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,719 |
| Total operating and administrative expenses | $39,119 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $39,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,207 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,207 |
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Knife River Heritage & Cultural Center has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Lloyd K Johnson Foundation Duluth, MN PURPOSE: RESTORATIONS AT HISTORIC KR DEPOT | $10,000 |
Duluth Superior Area Community Foundation Inc Duluth, MN PURPOSE: COMPLETION OF KNIFE RIVER HERITAGE CENTER DEPOT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |
Figge Art Museum Davenport, IA | $8,061,931 | $3,020,890 |
Zeitgeist Center For Arts And Community Duluth, MN | $16,526,029 | $2,402,669 |
Seward Redesign Inc Minneapolis, MN | $17,574,323 | $2,638,078 |
Bloomington Theatre And Art Center Dba Artistry Bloomington, MN | $570,526 | $1,529,131 |
Phipps Center For The Arts Inc Hudson, WI | $10,511,884 | $2,040,286 |
North Iowa Cultural Center And Museum Clear Lake, IA | $2,980,482 | $2,832,043 |