Northwest Territory Historic Center
- Assets
- $9.5m
- Revenue
- $281.5k
- Investments
- $4.9m
- Employees
- 0
- Location
- Dixon, IL
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-5080807
Organization Overview
Northwest Territory Historic Center is located in Dixon, IL. The organization was established in 2006. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Northwest Territory Historic 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 12/2023, Northwest Territory Historic Center generated $281.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $475.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL ACTIVITIES TO THE GENERAL PUBLIC RELATING TO NATIVE AMERICANS AND FARMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jakob D Wallin President | 40 | $49,510 | |
Carl Swanson Secretary/treasurer | 0 | $0 | |
Dennis Hayden Operations Manager | 0 | $0 | |
Gwendolyn Moore Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $297,875 |
| Interest on Savings | $150,575 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$132,934 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$40,625 |
| Other Income | $6,648 |
| Total Revenue | $281,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,510 |
| Other employee salaries and wages | $149,449 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,216 |
| Depreciation | $127,247 |
| Occupancy | $61,219 |
| Travel, conferences, and meetings | $16,736 |
| Printing and publications | $0 |
| Other expenses | $49,580 |
| Total operating and administrative expenses | $475,043 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $475,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,697 |
| 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 | $61,727 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,509,220 |
| Other assets | $0 |
| Total assets | $9,461,739 |
| 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 | $3,435 |
| Total liabilities | $3,435 |