Polk County Historical Society
- Assets
- $178.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Balsam Lake, WI
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 39-6100798
Organization Overview
Polk County Historical Society is located in Balsam Lake, WI. The organization was established in 2000. 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 12/2021, Polk County Historical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polk 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 12/2021, Polk County Historical Society generated $121.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $68.4k during the year ending 12/2021. While expenses have increased by 10.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL - LOCAL HISTORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Swanson President | 1 | $0 | |
Caroline Rediske Secretary | 1 | $0 | |
Ruth Mugerauer Director | 1 | $0 | |
Katie Cran Director | 1 | $0 | |
Sharon Kelly Director | 1 | $0 | |
Cindy Thorman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,989 |
| Total Program Service Revenue | $43,663 |
| Membership dues | $0 |
| Investment income | $459 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,753 |
| Total Revenue | $121,501 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,412 |
| Professional fees and other payments to independent contractors | $1,060 |
| Occupancy, rent, utilities, and maintenance | $89 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,837 |
| Total expenses | $68,398 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $178,588 |
| Other assets | $0 |
| Total assets | $178,588 |
| Total liabilities | $1,533 |
| Net assets or fund balances | $177,055 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Polk County Historical Society has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Hardenbergh Foundation St Paul, MN PURPOSE: GENERAL OPERATING | $15,000 |
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
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 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |