Houghton County Historical Society
- Assets
- $722.8k
- Revenue
- $122.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Linden, MI
- Founding
- 02/1963
- Data as of
- 12/2022
- EIN
- 38-1797442
Organization Overview
Houghton County Historical Society is located in Lake Linden, MI. The organization was established in 1963. 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. Houghton 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 12/2022, Houghton County Historical Society generated $122.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $54.0k during the year ending 12/2022. 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
OPERATION OF A HISTORICAL MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVER, PROCURE AND PRESERVE ITEMS WHICH RELATE TO THE HISTORY OF THE COUNTY, VILLAGES AND MINES, ON AND CONTIGUOUS TO LAKE SUPERIOR, HOUGHTON COUNTY, MICHIGAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George West President | OfficerTrustee | 26.1 | $0 |
David Parker Vice Preside | OfficerTrustee | 3.4 | $0 |
Steve Blackburn Secretary | OfficerTrustee | 2.6 | $0 |
Nancy Parker Board Member | Trustee | 1.4 | $0 |
John Berry Board Member | Trustee | 0.01 | $0 |
Brian Keeney Board Member | Trustee | 2.9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,795 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,510 |
| Noncash contributions included in lines 1a–1f | $1,274 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,305 |
| Total Program Service Revenue | $5,091 |
| Investment income | $4,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,436 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,448 |
| Fees for services: Other | $0 |
| Advertising and promotion | $762 |
| Office expenses | $974 |
| Information technology | $1,591 |
| Royalties | $0 |
| Occupancy | $16,556 |
| 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 | $26,539 |
| Insurance | $1,852 |
| All other expenses | $0 |
| Total functional expenses | $54,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,470 |
| Savings and temporary cash investments | $38,670 |
| 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 | $3,877 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $343,000 |
| Investments—publicly traded securities | $315,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,046 |
| Total assets | $722,778 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $722,778 |
| Net assets with donor restrictions | $0 |
| 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 | $722,778 |