Danish Mill Corp
- Assets
- $1.1m
- Revenue
- $319.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Elk Horn, IA
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 42-1084811
Organization Overview
Danish Mill Corp is located in Elk Horn, IA. The organization was established in 1982. 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 12/2022, Danish Mill Corp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danish Mill Corp 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, Danish Mill Corp generated $319.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $298.4k during the year ending 12/2022. While expenses have increased by 5.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAINED DANISH WINDMILL FOR EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
MAINTAINED DANISH WINDMILL FOR EDUCATIONAL PURPOSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Fredericksen President | OfficerTrustee | 2 | $0 |
Tony Petersen Vice President/secretary | OfficerTrustee | 2 | $0 |
Joni Griffin Treasurer | OfficerTrustee | 2 | $0 |
Shaun Sayres Manager | Officer | 40 | $0 |
Chad Juelsgaard Director | Trustee | 2 | $0 |
Tim Anderson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $134,942 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $10,081 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,017 |
| Total Program Service Revenue | $0 |
| Investment income | $2,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $170,958 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,313 |
| 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. | $64,059 |
| Compensation of current officers, directors, key employees. | $64,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,564 |
| Pension plan accruals and contributions | $2,054 |
| Other employee benefits | $3,132 |
| Payroll taxes | $9,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,981 |
| Office expenses | $21,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,116 |
| Travel | $14,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $353 |
| Interest | $2,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,553 |
| Insurance | $10,555 |
| All other expenses | $283 |
| Total functional expenses | $298,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,686 |
| Savings and temporary cash investments | $192,442 |
| 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 | $200,511 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $650,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,747 |
| Total assets | $1,143,457 |
| Accounts payable and accrued expenses | $6,071 |
| 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 | $47,572 |
| Other liabilities | $0 |
| Total liabilities | $53,643 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,017,067 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $72,747 |
| Total liabilities and net assets/fund balances | $1,143,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Danish Mill Corp has recieved totaling $52,000.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $52,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
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 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Truck Historical Society Kansas City, MO | $4,869,322 | $1,570,216 |
Nebraska State Historical Society Foundation Lincoln, NE | $17,627,220 | $2,353,385 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |