Mchenry County Historical Society
- Assets
- $7.6m
- Revenue
- $424.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Union, IL
- Founding
- 10/1965
- Data as of
- 06/2023
- EIN
- 36-6124793
Organization Overview
Mchenry County Historical Society is located in Union, IL. The organization was established in 1965. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Mchenry County Historical Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mchenry 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 06/2023, Mchenry County Historical Society generated $424.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $488.8k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HISTORY MUSEUM OF MCHENRY COUNTY, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND MAINTAIN HISTORICAL HERITAGE OF MCHENRY COUNTY, ILLINOIS THROUGH PRESERVATION OF ARTIFACTS, PROVIDING EDUCATION AND INFORMATION TO STUDENTS AND CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Parks President | OfficerTrustee | 1 | $0 |
Bob Frenz Vice Preside | OfficerTrustee | 1 | $0 |
Molly Walsh Treasurer | OfficerTrustee | 1 | $0 |
Nancy L Baker Director | Trustee | 1 | $0 |
Don Rose Director | Trustee | 1 | $0 |
Arlyn Booth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,758 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,515 |
| Total Program Service Revenue | $36,573 |
| Investment income | $243,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,144 |
| 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 | $262,270 |
| Pension plan accruals and contributions | $16,448 |
| Other employee benefits | $4,769 |
| Payroll taxes | $20,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $773 |
| Fees for services: Accounting | $4,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,986 |
| Office expenses | $16,828 |
| Information technology | $11,185 |
| Royalties | $0 |
| Occupancy | $27,684 |
| Travel | $1,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $713 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,215 |
| Insurance | $16,092 |
| All other expenses | $18,895 |
| Total functional expenses | $488,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,359 |
| Savings and temporary cash investments | $264,728 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,781 |
| Prepaid expenses and deferred charges | $600 |
| Net Land, buildings, and equipment | $639,332 |
| Investments—publicly traded securities | $2,562,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,981,529 |
| Total assets | $7,572,672 |
| Accounts payable and accrued expenses | $13,830 |
| Grants payable | $0 |
| Deferred revenue | $2,967 |
| 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 | $16,797 |
| Net assets without donor restrictions | $3,559,085 |
| Net assets with donor restrictions | $3,996,790 |
| 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 | $7,572,672 |