Living History Farms Foundation
- Assets
- $16.4m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 57
- Location
- Des Moines, IA
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 42-6127198
Organization Overview
Living History Farms Foundation is located in Des Moines, IA. The organization was established in 1967. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Living History Farms Foundation employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living History Farms Foundation 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, Living History Farms Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN OUTDOOR HISTORY MUSEUM WHICH CONNECTS PEOPLE TO THE STORIES OF THE MIDWESTERN RURAL HERITAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVING HISTORY FARMS IS A 500 ACRE, OPEN-AIR MUSEUM WHICH DISPLAYS THE HISTORY OF MIDWESTERN AGRICULTURE AND RURAL LIFE. INTERPRETORS RECREATE DAILY ROUTINES OF EARLY IOWANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Haus CEO | Officer | 40 | $165,666 |
Kasey Bunce Finance Director | 40 | $100,574 | |
Brian Hannah Treasurer | OfficerTrustee | 2 | $0 |
Riaan Van Dyk Chair | OfficerTrustee | 2 | $0 |
Steve Owenson Vice Chair | OfficerTrustee | 2 | $0 |
Erin Herbold-Swalwell Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,531,085 |
| Noncash contributions included in lines 1a–1f | $29,916 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,699,152 |
| Total Program Service Revenue | $990,977 |
| Investment income | $400,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,513 |
| Net Gain/Loss on Asset Sales | $293,198 |
| Net Income from Fundraising Events | $31,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,017 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,488,331 |
| 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. | $278,145 |
| Compensation of current officers, directors, key employees. | $278,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $957,854 |
| Pension plan accruals and contributions | $28,121 |
| Other employee benefits | $39,786 |
| Payroll taxes | $97,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,792 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,927 |
| Fees for services: Other | $25,767 |
| Advertising and promotion | $30,671 |
| Office expenses | $18,422 |
| Information technology | $79,684 |
| Royalties | $0 |
| Occupancy | $95,734 |
| Travel | $4,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,649 |
| Insurance | $98,256 |
| All other expenses | $4,169 |
| Total functional expenses | $2,542,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $958,748 |
| Savings and temporary cash investments | $64,842 |
| Pledges and grants receivable | $459,652 |
| Accounts receivable, net | $399,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,608 |
| Prepaid expenses and deferred charges | $16,312 |
| Net Land, buildings, and equipment | $4,730,162 |
| Investments—publicly traded securities | $9,715,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,635 |
| Total assets | $16,358,279 |
| Accounts payable and accrued expenses | $47,828 |
| Grants payable | $0 |
| Deferred revenue | $103,805 |
| 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 | $241,000 |
| Other liabilities | $7,628 |
| Total liabilities | $400,261 |
| Net assets without donor restrictions | $12,976,145 |
| Net assets with donor restrictions | $2,981,873 |
| 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 | $16,358,279 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Living History Farms Foundation has recieved totaling $193,406.
| Awarding Organization | Amount |
|---|---|
Bravo Greater Des Moines Inc Des Moines, IA PURPOSE: GENERAL FUNDING | $175,200 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION - BINDER LIFT PATIENT LIFTING DEVICE | $12,956 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $5,250 |
Endowment Analysis
| Beg. Balance | $12,004,116 |
| Earnings | -$1,639,570 |
| Net Contributions | $51,759 |
| Other Expense | $606,061 |
| Ending Balance | $9,810,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Chicago Historical Society Chicago, IL | $142,770,893 | $16,768,760 |
Pmml North Inc Chicago, IL | $161,806,539 | $478,889 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Putnam Museum And Science Center Davenport, IA | $12,236,666 | $5,417,637 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
Living History Farms Foundation Des Moines, IA | $16,358,279 | $3,488,331 |
National Music Museum Vermillion, SD | $15,649,509 | $3,706,421 |
Stuhr Museum Of The Prairie Pioneer Grand Island, NE | $6,589,907 | $1,816,416 |
Minnesota Masonic Historical Society And Museum Bloomington, MN | $21,958,017 | $92,192 |