Lake Minnetonka Historical Society is located in Wayzata, MN. 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. Lake Minnetonka 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE LAKE MINNETONKA HISTORICAL SOCIETY TELLS THE STORY OF LAKE MINNETONKA BY COLLECTING, PRESERVING AND SHARING ITS HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM: MUSEUM/DISPLAYS LMHS OPERATES MUSEUMS IN LAKE MINNETONKA'S THREE POPULATION CENTERS: EXCELSIOR, MOUND, AND WAYZATA. STAFFED BY VOLUNTEERS DOCENTS, EXCELSIOR AND WAYZATA MUSEUMS ARE SEASONAL MUSEUMS OPEN IN THE SUMMER; MOUND IS OPEN YEAR-ROUND. THESE MUSEUMS ENABLE THE PUBLIC TO INTERACT DIRECTLY WITH THE HISTORY OF LAKE MINNETONKA THROUGH ACCESSING EACH MUSEUM'S EXHIBITS AND DISPLAYS. IN ADDITION TO ITS MUSEUMS, LHMS OPERATES A GARDEN RAILROAD AT THE WAYZATA MUSEUM AND IS CURRENTLY WORKING TO RETURN THE STREETCAR BOAT MINNEHAHA(LISTED IN THE NATIONAL REGISTER OF HISTORIC PLACES) TO ACTIVE OPERATION ON THE LAKE. THROUGH THESE EXPERIENTIAL ACTIVITIES, YOUNG AND OLD CAN LEARN AND EXPERIENCE LIFE AS IT WAS IN THE LATE 1800S AND EARLY 1900S. ATTENDANCE AT THE MUSEUMS VARIES BY LOCATION AND WEATHER BUT RANGES BETWEEN 50-200 PER WEEKEND. MINNEHAHA RIDERSHIP, WHEN OPERATIONAL, AVERAGES 10,000 PER SEASON.
PROGRAM: PUBLIC.PROGRAMS EACH.MONTH, LMHS CONDUCTS PRESENTATIONS ON TOPICS RELATED TO DIFFERENT ASPECTS OF LAKE MINNETONKA'S HISTORY. OPEN TO THE PUBLIC, THESE PROGRAMS PROVIDE A DEEPER DIVE INTO SPECIFIC TOPICS BEYOND WHAT EACH MUSEUM'S INTERPRETIVE DISPLAYS ALLOW. PRESENTATIONS ROTATE ACROSS THE THREE POPULATION CENTERS AND ARE CUSTOMIZED TO EACH LOCATION TO REFLECT EACH COMMUNITY'S IDENTITY/HISTORY.. PRESENTATIONS ARE PROVIDED FREE TO THE PUBLIC, EXCEPT DURING THE SUMMER MONTHS WHEN THEY ARE CONDUCTED ABOARD A CHARTERED EXCURSION VESSEL. DEMAND FOR SEATING TYPICALLY EXCEEDS AVAILABLE ROOM CAPACITY,REQUIRING ENCORE DATES TO ACCOMMODATE THE DEMAND. ASIDE FROM THE.MONTHLY PRESENTATIONS, LMHS CONDUCTS.A NUMBER OF WALKING TOURS, CEMETERY TOURS, GUIDED GUIDES OF THE MUSEUMS, AND PROVIDES.SPEAKERS FOR COMMUNITY ENGAGEMENTS.
PROGRAM: .COLLECTIONS LMHS HAS.ONE OF THE LARGEST ARCHIVAL AND DIGITAL COLLECTION OF LAKE MINNETONKA HISTORY. PRIOR TO THE OCTOBER 2023 CONSOLIDATION, EACH PARTNER MUSEUM OPERATED ITS OWN ARCHIVE. UPON THE FORMATION OF LMHS, THE ARCHIVES OF ALL THE MUSEUMS WERE CONSOLIDATED INTO A CENTRAL LOCATION- PROVIDING THE PUBLIC WITH A SINGLE LOCATION TO RESEARCH LAKE HISTORY, ETC. OPEN YEAR-ROUND, ARCHIVE VOLUNTEERS ACCESSION NEW ARTIFACTS INTO THE COLLECTION, ASSIST IN RESEARCH PROJECTS, ETC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa Stevens President | OfficerTrustee | 40 | $0 |
Aaron Person Vice President | OfficerTrustee | 40 | $0 |
Tom Mccarthy Treasurer | OfficerTrustee | 40 | $0 |
Liz Vandam Secretary | OfficerTrustee | 40 | $0 |
Joanie Holst Director | Trustee | 40 | $0 |
Jeff Magnuson Director | Trustee | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $2,668 |
Fundraising events | $0 |
Related organizations | $428,020 |
Government grants | $104,669 |
All other contributions, gifts, grants, and similar amounts not included above | $36,080 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $571,437 |
Total Program Service Revenue | $1,383 |
Investment income | $6,647 |
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 | $6,124 |
Miscellaneous Revenue | $0 |
Total Revenue | $585,759 |
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 | $4,169 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $645 |
Advertising and promotion | $252 |
Office expenses | $2,518 |
Information technology | $546 |
Royalties | $0 |
Occupancy | $14,592 |
Travel | $177 |
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 | $1,629 |
Insurance | $8,021 |
All other expenses | $0 |
Total functional expenses | $36,993 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $75,973 |
Savings and temporary cash investments | $355,574 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $104,519 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $598 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $12,265 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $548,929 |
Accounts payable and accrued expenses | $163 |
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 | $163 |
Net assets without donor restrictions | $444,365 |
Net assets with donor restrictions | $104,401 |
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 | $548,929 |