Minnesota Museum Of Mining
- Assets
- $124.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chisholm, MN
- Founding
- 07/1957
- Data as of
- 12/2021
- EIN
- 41-0773295
Organization Overview
Minnesota Museum Of Mining is located in Chisholm, MN. The organization was established in 1957. According to its NTEE Classification (A50) the organization is classified as: 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. Minnesota Museum Of Mining 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, Minnesota Museum Of Mining generated $64.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $40.9k during the year ending 12/2021. 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
FACILITY IS A MUSEUM. ITEMS ON DISPLAY ARE RELATED TO THE IRON MINING INDUSTRYIN NORTHERN MINNESOTA. THIS PROVIDES EDUCATION AND UNDERSTANDING AS TO HOWTHE MINING INDUSTRY WAS FORMED AND HOW IT OPERATED. TOTAL ATTENDANCE IN 2021 WAS 3539.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Palmquist President | 6.2 | $0 | |
Mary Bovitz Vice President | 2.4 | $0 | |
Carol Borich Treasurer | 16.7 | $0 | |
Dennis Borich Director | 4.4 | $0 | |
Beverly Brown Director | 0.44 | $0 | |
Tim Sullivan Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,233 |
| Total Program Service Revenue | $18,415 |
| Membership dues | $2,085 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,526 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,965 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $7,264 |
| Printing, publications, postage, and shipping | $1,734 |
| Other expenses | $17,439 |
| Total expenses | $40,902 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,518 |
| Other assets | $0 |
| Total assets | $124,250 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Museum Of Mining has recieved totaling $9,950.
| Awarding Organization | Amount |
|---|---|
Minnesota Historical Society Saint Paul, MN PURPOSE: Legacy grant for restoration of 1906 Duluth, Missabe & Iron Range Railway wood caboose and cupola | $9,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
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 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Danish Immigrant Museum Elk Horn, IA | $10,787,918 | $1,977,649 |
National Railroad Museum Inc Green Bay, WI | $10,947,980 | $3,836,753 |
Door County Maritime Museum & Lighthouse Preservation Society In Sturgeon Bay, WI | $12,430,907 | $3,874,583 |
Wisconsin Maritime Museum Inc Manitowoc, WI | $5,537,448 | $1,354,482 |
National Sprint Car Hall Of Fame & Museum Foundation Inc Knoxville, IA | $7,797,948 | $2,501,286 |
Lake Superior Railroad Museum Duluth, MN | $1,428,444 | $1,322,754 |
Pavek Museum Of Broadcasting St Louis Park, MN | $6,139,052 | $709,013 |
Grout Museum Inc Waterloo, IA | $872,225 | $1,523,676 |