Lake County Historical Society
- Assets
- $542.4k
- Revenue
- $33.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Madison, SD
- Founding
- 02/1987
- Data as of
- 12/2019
- EIN
- 46-0364322
Organization Overview
Lake County Historical Society is located in Madison, SD. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Lake County Historical Society generated $33.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $42.8k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
COLLECT PRESERVE ARTIFACTS AND DOCUMENTS OF HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDRENS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jona Schmidt President | Officer | 3 | $0 |
Mary Deutsch Secretary | Officer | 3 | $0 |
Craig Johannsen Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,897 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,060 |
| Total Program Service Revenue | $0 |
| Investment income | $11,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,922 |
| 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 | $16,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $565 |
| Advertising and promotion | $716 |
| Office expenses | $7,989 |
| Information technology | $1,461 |
| Royalties | $0 |
| Occupancy | $7,798 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,016 |
| All other expenses | $944 |
| Total functional expenses | $42,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,200 |
| Savings and temporary cash investments | $536,209 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $542,409 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $542,409 |
| Total liabilities and net assets/fund balances | $542,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theodore Roosevelt Medora Foundation Medora, ND | $65,190,007 | $12,424,365 |
Dubuque County Historical Society Dubuque, IA | $39,792,750 | $5,133,490 |
Nebraska State Historical Society Foundation Lincoln, NE | $16,421,132 | $992,836 |
Minnesota Landmarks St Paul, MN | $6,284,211 | $2,173,209 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $18,283,082 | $1,602,978 |
Midwest Art Conservation Center Inc Minneapolis, MN | $1,999,020 | $1,135,565 |
Iowa Railroad Historical Society Boone, IA | $4,103,179 | $936,227 |
Ramsey County Historical Society Inc Saint Paul, MN | $4,843,552 | $1,068,606 |
Preservation Alliance Of Minnesota Inc Saint Paul, MN | $1,738,481 | $1,424,151 |
Stearns County Historical Society Inc St Cloud, MN | $1,456,716 | $894,361 |
Wolakota Waldorf Society Kyle, SD | $2,984,352 | $1,267,029 |
Montana History Foundation Helena, MT | $7,736,805 | $1,299,183 |