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Nonprofiteer
← HISTORIC MUSCATINE INC

Form 990 for tax year 2024

Filed by HISTORIC MUSCATINE INC.

Totals

Total revenue
$129,560
Total expenses
$200,426
Contributions and grants received
$105,442
Grants paid
$0
Program service revenue
$867
Investment income
$3,432
Other revenue
$19,819
Total assets, end of year
$1,459,151
Total liabilities, end of year
$3,757
Net assets or fund balances, end of year
$1,455,394
Program services expenses (Part IX)
$159,581
Management and general expenses
$40,845
Fundraising expenses
$0
Program service expenses (Part III)
$159,581

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $68,701

  • 1e · Government grants (contributions)

    $20,250

  • 1f · All other contributions, gifts and grants

    $16,491

  • 2a · Program service revenue: EVENT PROCEEDS

    total $867 · related or exempt $867

  • 3 · Investment income

    total $3,432 · related or exempt $3,432

  • 5 · Royalties

    total $125 · related or exempt $125

  • 6a · Gross rents

    real property $4,420

  • 6c · Rental income or loss

    real property $4,420

  • 6d · Net rental income or loss

    total $4,420 · related or exempt $4,420

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $51,409

  • 10b · Cost of goods sold

    $36,233

  • 10c · Net income from sales of inventory

    total $15,176 · related or exempt $15,176

  • 11a · Other revenue: MISCELLANEOUS

    total $98 · related or exempt $98

  • 11e · Other revenue, total

    $98

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $61,000 · program services $45,750 · management and general $15,250

  • 7 · Other salaries and wages

    total $22,560 · program services $16,920 · management and general $5,640

  • 10 · Payroll taxes

    total $6,416 · program services $4,812 · management and general $1,604

  • 11c · Fees: accounting

    total $2,951 · program services $2,213 · management and general $738

  • 12 · Advertising and promotion

    total $2,867 · program services $2,150 · management and general $717

  • 13 · Office expenses

    total $1,279 · program services $959 · management and general $320

  • 14 · Information technology

    total $1,200 · program services $900 · management and general $300

  • 16 · Occupancy

    total $11,311 · program services $8,483 · management and general $2,828

  • 22 · Depreciation, depletion and amortization

    total $45,750 · program services $45,750

  • 23 · Insurance

    total $7,859 · program services $5,894 · management and general $1,965

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $2,899 · management and general $2,899

  • 24b · Other expenses: INVESTMENT EXPENSE

    total $9,512 · program services $7,134 · management and general $2,378

  • 24c · Other expenses: BANK AND CREDIT CARD FEES

    total $1,776 · program services $1,332 · management and general $444

  • 24d · Other expenses: GRANT SPENDING

    total $17,940 · program services $13,455 · management and general $4,485

  • 24e · All other expenses

    total $5,106 · program services $3,829 · management and general $1,277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $356 · end of year $98

  • 2 · Savings and temporary cash investments

    beginning of year $7,834 · end of year $4,667

  • 8 · Inventories for sale or use

    beginning of year $4,746 · end of year $4,717

  • 10a · Land, buildings and equipment: cost or other basis

    $1,748,241

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,310,438

  • 10c · Land, buildings and equipment, net

    beginning of year $483,551 · end of year $437,803

  • 11 · Investments: publicly traded securities

    beginning of year $948,948 · end of year $1,011,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,147 · end of year $3,757

  • 27 · Net assets without donor restrictions

    beginning of year $1,442,288 · end of year $1,455,394

Mission and programs · 2024

Mission

COLLECT, PRESERVE AND INTERPRET MATERIALS ILLUSTRATING HOW LOCAL INDUSTRY AND ITS INNOVATIONS OF THE PAST AND PRESENT BENEFIT THE MUSCATINE AREA.

  • THE MUSCATINE HISTORY AND INDUSTRY CENTER IS HOME TO THE PEARL BUTTON MUSEUM. IT MAINTAINS AN INTERACTIVE EXHIBIT SHOWCASING HOW MUSCATINE ONCE PRODUCED 1.5 BILLION PEARL BUTTONS ANNUALLY, TO PRESERVE THE CITYS HISTORICAL IDENTITY AS THE PEARL BUTTON CAPITAL OF THE WORLD. IN ADDITION, THE CENTER DISPLAYS PERMANENT EXHIBITS TRACING THE HISTORY OF MADE IN MUSCATINE INDUSTRIES, AND TEMPORARY EXHIBITS HIGHLIGHTING AND HONORING NOTABLE ACCOMPLISHMENTS OF LOCAL BUSINESSES. THE ORGANIZATION MAINTAINS MUSCATINES HISTORIC SILBERHORN BUILDING.

    Expenses $159,581 · Grants $17,940 · Revenue $129,560

As filed on the 2024 return.

Listed in Part VII

  • Dustin Joy

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40
  • Jeff Bohling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pete Simonsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Emily Stogsdill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Josh Montoya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Boar

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Steve Forbes

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Johnnie Arnett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Page Althoff

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 February 2025
IRS schema version
2024v5.0
Source object
202540709349300919

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