Northfield Historical Society Inc
- Assets
- $1.4m
- Revenue
- $239.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Northfield, MN
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 41-1270991
Organization Overview
Northfield Historical Society Inc is located in Northfield, MN. The organization was established in 1993. 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, Northfield Historical Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northfield Historical Society Inc 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, Northfield Historical Society Inc generated $239.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $295.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE NORTHFIELD HISTORICAL SOCIETY IS TO CONNECT INDIVIDUALS TO THE HISTORY OF THE NORTHFIELD AREA BY COLLECTING, PRESERVING, AND SHARING ITS UNIQUE STORIES.
Describe the Organization's Program Activity:
MORE THAN 5,023 PEOPLE VISITED THE MUSEUM IN 2021, AND MORE THAN 275 PEOPLE PARTICIPATED IN THE SOCIETY'S EDUCATIONAL PROGRAMMING AND SPECIAL EVENTS, MANY VIRTUALLY.
WORK WITH TWO OTHER ORGANIZATIONS TO INCREASE THE VISIBILITY AND ACCESSIBILITY OF THE HISTORY OF NORTHFIELD THROUGH AN ON-LINE REPOSITORY OF INFORMATION. LED NINE COMMUNITY-WIDE EDUCATIONAL AND COMMUNITY-BUILDING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Peterson President | OfficerTrustee | 1 | $0 |
Dan Neuger VP | OfficerTrustee | 1 | $0 |
Ann Dunlap Treasurer | OfficerTrustee | 1 | $0 |
Dave Vesledahl Board Member | Trustee | 1 | $0 |
Amy Pagel Board Member | Trustee | 1 | $0 |
Tim Freeland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,990 |
| Total Program Service Revenue | $39,929 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,839 |
| Net Gain/Loss on Asset Sales | $2,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,975 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,730 |
| 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 | $75,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,180 |
| Advertising and promotion | $619 |
| Office expenses | $4,272 |
| Information technology | $3,645 |
| Royalties | $0 |
| Occupancy | $41,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,234 |
| Insurance | $6,682 |
| All other expenses | $3,661 |
| Total functional expenses | $295,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,392 |
| Savings and temporary cash investments | $24,845 |
| 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 | $39,701 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $836,608 |
| Investments—publicly traded securities | $387,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,428,981 |
| Accounts payable and accrued expenses | $50 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $48,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,376 |
| Total liabilities | $74,502 |
| Net assets without donor restrictions | $1,186,479 |
| Net assets with donor restrictions | $168,000 |
| 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 | $1,428,981 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northfield Historical Society Inc has recieved totaling $186,496.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $160,200 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $26,274 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Endowment Analysis
| Beg. Balance | $362,609 |
| Earnings | $32,715 |
| Admin Expense | $1,921 |
| Grants | $5,968 |
| Ending Balance | $387,435 |
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 |