Mclean County Historical Society
- Assets
- $18.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Bloomington, IL
- Founding
- 06/2002
- Data as of
- 03/2022
- EIN
- 37-1414038
Organization Overview
Mclean County Historical Society, operating under the name Mclean County Museum Of History, is located in Bloomington, IL. The organization was established in 2002. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Mclean County Museum Of History employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclean County Museum Of History 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 03/2022, Mclean County Museum Of History generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.7m during the year ending 03/2022. While expenses have increased by 6.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE GENERAL PUBLIC ON THE HISTORY OF THE PEOPLE OF MCLEAN COUNTY BY OPERATING MUSEUMS AND LIBRARIES WHICH PROVIDE EXHIBITS, PUBLIC PROGRAMS AND RESEARCH COLLECTIONS; TO DEVELOP PUBLICATIONS; AND TO ACQUIRE AND PRESERVE COLLECTIONS WHICH REFLECT THE DIVERSITY OF MCLEAN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM AND HISTORICAL LIBRARY OPERATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Emig Executive Di | Officer | 40 | $79,699 |
Tom Eder President | OfficerTrustee | 2 | $0 |
Robert Watkins Past Preside | OfficerTrustee | 2 | $0 |
John Killian Treasurer | OfficerTrustee | 2 | $0 |
Michelle Pazar 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Robert Porter Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $617,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,187,372 |
| Total Program Service Revenue | $52,303 |
| Investment income | $379,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,025 |
| Net Gain/Loss on Asset Sales | $26,131 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,554 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,684,015 |
| 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. | $93,985 |
| Compensation of current officers, directors, key employees. | $55,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,564 |
| Pension plan accruals and contributions | $30,816 |
| Other employee benefits | $129,266 |
| Payroll taxes | $53,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,252 |
| Fees for services: Accounting | $41,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,775 |
| Fees for services: Other | $13,902 |
| Advertising and promotion | $67,420 |
| Office expenses | $24,426 |
| Information technology | $68,009 |
| Royalties | $0 |
| Occupancy | $26,495 |
| Travel | $2,294 |
| 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 | $205,777 |
| Insurance | $24,858 |
| All other expenses | $40,824 |
| Total functional expenses | $1,655,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77 |
| Savings and temporary cash investments | $296,809 |
| Pledges and grants receivable | $396,094 |
| Accounts receivable, net | $11,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,486 |
| Prepaid expenses and deferred charges | $13,675 |
| Net Land, buildings, and equipment | $2,113,680 |
| Investments—publicly traded securities | $8,099,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,014,562 |
| Total assets | $17,989,710 |
| Accounts payable and accrued expenses | $59,141 |
| Grants payable | $0 |
| Deferred revenue | $3,360 |
| 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 | $62,501 |
| Net assets without donor restrictions | $10,678,398 |
| Net assets with donor restrictions | $7,248,811 |
| 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 | $17,989,710 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Mclean County Historical Society has recieved totaling $61,054.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $36,285 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,672 |
Paul A Funk Foundation Bloomington, IL PURPOSE: GENERAL | $5,000 |
Myers Family Foundation Gridley, IL PURPOSE: DONATION | $2,500 |
Russell And Betty Shirk Foundation Bloomington, IL PURPOSE: PROGRAM EXPENSE | $2,000 |
Commerce Foundation Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $500 |
Endowment Analysis
| Beg. Balance | $8,598,809 |
| Earnings | $310,647 |
| Admin Expense | $25,775 |
| Net Contributions | $84,106 |
| Other Expense | $868,062 |
| Ending Balance | $8,099,077 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |