Madison County Historical Society
- Assets
- $5.8m
- Revenue
- $415.2k
- Investments
- $3.7m
- Employees
- 0
- Location
- Winterset, IA
- Founding
- 08/1983
- Data as of
- 12/2023
- EIN
- 23-7423189
Organization Overview
Madison County Historical Society is located in Winterset, IA. The organization was established in 1983. According to its NTEE Classification (A54) the organization is classified as: History 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. Madison County 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.
For the year ending 12/2023, Madison County Historical Society generated $415.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $316.3k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
BUILD AND MAINTAIN MADISON COUNTY HISTORICAL MUSEUM AND GROUNDS FOR PUBLIC EDUCATION USE AND ENJOYMENT 2023 CHARITABLE ACTIVITY ACCOMPLISHMENTS INCLSEE STMT 1
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Murray President | 2 | $0 | |
Tom Sheppard Vice President | 2 | $0 | |
Linda Smith Secretary | 2 | $0 | |
Terri Scott Director | 2 | $0 | |
Wava Shirbourn Director | 2 | $0 | |
Lori Ryner Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,396 |
| Interest on Savings | $22,937 |
| Dividends & Interest | $238,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,671 |
| Capital Gain Net Income | $29,671 |
| Net ST Capital Gain | $7,241 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,854 |
| Total Revenue | $415,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $128,386 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,112 |
| Depreciation | $21,315 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121,202 |
| Total operating and administrative expenses | $316,328 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $316,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $176,474 |
| 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 | $1,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,888,997 |
| Other assets | $6,690 |
| Total assets | $5,781,107 |
| Accounts payable and accrued expenses | $3,925 |
| 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 | $3,925 |