Becker County Historical Society
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $265.4k
- Employees
- 5
- Location
- Detroit Lakes, MN
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 41-0873609
Organization Overview
Becker County Historical Society is located in Detroit Lakes, MN. The organization was established in 1972. 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 12/2021, Becker County Historical Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Becker 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, Becker County Historical Society generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $324.2k during the year ending 12/2021. While expenses have increased by 7.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A COUNTY HISTORICAL SOCIETY AND MUSEUM WHICH PRODUCES EXHIBITS PROMOTING LOCAL HISTORY; MANAGES A LIBRARY RELATING TO LOCAL HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED & IMPROVED LOCAL HISTORICAL RESOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Olander Treasurer | OfficerTrustee | 2 | $0 |
April Thomas Vice Preside | OfficerTrustee | 2 | $0 |
Natalie Bly President | OfficerTrustee | 2 | $0 |
Dick Hecock Secretary | OfficerTrustee | 2 | $0 |
Rebecca Mitchell Executive Di | Officer | 40 | $0 |
Brenda Houglum Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,280 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $991,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,058,103 |
| Total Program Service Revenue | $58,200 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,075 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$14,885 |
| Net Income from Sales of Inventory | -$3,802 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,100,811 |
| 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. | $59,376 |
| Compensation of current officers, directors, key employees. | $5,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,080 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $971 |
| Office expenses | $5,441 |
| Information technology | $8,485 |
| Royalties | $0 |
| Occupancy | $7,503 |
| Travel | $112 |
| 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 | $5,079 |
| Insurance | $6,111 |
| All other expenses | $6,389 |
| Total functional expenses | $324,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $871,435 |
| Accounts receivable, net | $3,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,106 |
| Prepaid expenses and deferred charges | $5,137 |
| Net Land, buildings, and equipment | $92,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $265,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,902,820 |
| 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 | $59,310 |
| Total liabilities | $59,310 |
| Net assets without donor restrictions | $1,843,510 |
| 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 | $1,902,820 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Becker County Historical Society has recieved totaling $52,664.
| Awarding Organization | Amount |
|---|---|
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: $25000.00-NEW MUSEUM FACILITY $10000.00-ICE HARVEST $3141.05-GENERAL SUPPORT | $38,641 |
Midwest Minnesota Community Development Corporation Detroit Lakes, MN PURPOSE: CAPITAL CAMPAIGN FOR MUSEUM | $8,333 |
West Central Initiative Fergus Falls, MN PURPOSE: EXHIBIT CASES, GENERAL SUPPORT | $5,481 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theodore Roosevelt Medora Foundation Medora, ND | $68,522,255 | $10,499,633 |
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $22,476,449 | $3,858,593 |
Midwest Art Conservation Center Inc Minneapolis, MN | $2,125,685 | $1,795,271 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |
Rethos Saint Paul, MN | $2,732,815 | $1,832,549 |
Two Rivers Historical Society Two Rivers, WI | $1,166,797 | $640,666 |
Milwaukee County Historical Society Milwaukee, WI | $3,176,056 | $1,183,454 |
Stearns County Historical Society Inc St Cloud, MN | $1,632,705 | $959,647 |
Four Mounds Foundation Dubuque, IA | $637,426 | $940,682 |