Swedish Historical Society Of Rockford
- Assets
- $3.0m
- Revenue
- $183.9k
- Investments
- $312.8k
- Employees
- 1
- Location
- Rockford, IL
- Founding
- 01/1970
- Data as of
- 12/2021
- EIN
- 23-7039583
Organization Overview
Swedish Historical Society Of Rockford is located in Rockford, IL. The organization was established in 1970. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Swedish Historical Society Of Rockford 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, Swedish Historical Society Of Rockford generated $183.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $134.6k 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
PRESERVATION OF SWEDISH HISTORICAL STRUCTURE, CULTURE AND ARTIFACTS THROUGH THE OPERATIONS OF A MUSEUM AND CULTURAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF SWEDISH HISTORICAL STRUCTURE, CULTURE AND ARTIFACTS THROUGH THE OPERATIONS OF A MUSEUM AND CULTURAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alix Fox Executive Director | Officer | 40 | $44,984 |
Karen Bieschke Vice-President | OfficerTrustee | 1 | $0 |
Terri Adell Anderson Secretary | OfficerTrustee | 1 | $0 |
Linnea Bengtssom Swedish Ambassador | OfficerTrustee | 1 | $0 |
Ron Gustafson Immediate Past President | OfficerTrustee | 1 | $0 |
Chuck Anderson Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,576 |
| Total Program Service Revenue | $250 |
| Investment income | $81,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,165 |
| Net Income from Fundraising Events | $7,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,919 |
| 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. | $45,176 |
| Compensation of current officers, directors, key employees. | $31,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,432 |
| Office expenses | $3,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,473 |
| 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 | $17,937 |
| Insurance | $4,803 |
| All other expenses | $0 |
| Total functional expenses | $134,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,275 |
| 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 | $585,308 |
| Investments—publicly traded securities | $1,645,475 |
| Investments—other securities | $312,767 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $456,349 |
| Total assets | $3,025,519 |
| Accounts payable and accrued expenses | $7,326 |
| 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 | $7,326 |
| Net assets without donor restrictions | $3,010,575 |
| Net assets with donor restrictions | $7,618 |
| 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 | $3,025,519 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Swedish Historical Society Of Rockford has recieved totaling $29,987.
| Awarding Organization | Amount |
|---|---|
Independent Order Of Svithiod Niles, IL | | $13,275 |
Community Foundation Of Northern Illinois Rockford, IL PURPOSE: FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT | $11,202 |
The Kjellstrom Family Foundation Rockford, IL PURPOSE: EDUCATION | $4,500 |
Johnson Family Foundation Boca Raton, FL PURPOSE: GENERAL | $500 |
Ben Harding Family Foundation Rockford, IL PURPOSE: GENERAL | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Endowment Analysis
| Beg. Balance | $229,876 |
| Earnings | $43,305 |
| Admin Expense | $11,600 |
| Ending Balance | $261,581 |
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|---|---|---|
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Great Lakes Inter-Tribal Council Inc Lac Du Flambeau, WI | $2,692,230 | $12,711,243 |
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National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
Blackhawk Area Cu Savanna, IL | $44,108,339 | $1,720,364 |
Puerto Rican Arts Alliance Chicago, IL | $5,828,545 | $2,540,329 |
The National Museum Of Puerto Rican Arts And Culture Chicago, IL | $8,152,716 | $2,503,474 |
Hispanic-American Construction Industry Association Chicago, IL | $735,168 | $1,371,038 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |