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← LIVING HISTORY FARMS FOUNDATION

Form 990 for tax year 2024

Filed by LIVING HISTORY FARMS FOUNDATION.

Totals

Total revenue
$4,062,269
Total expenses
$2,807,354
Contributions and grants received
$2,334,858
Grants paid
$0
Program service revenue
$1,032,897
Investment income
$314,153
Other revenue
$380,361
Total assets, end of year
$21,584,095
Total liabilities, end of year
$1,607,057
Net assets or fund balances, end of year
$19,977,038
Program services expenses (Part IX)
$1,858,317
Management and general expenses
$678,036
Fundraising expenses
$271,001
Program service expenses (Part III)
$1,858,317

Program services were 66.2% 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.

  • 1e · Government grants (contributions)

    $650,628

  • 1f · All other contributions, gifts and grants

    $1,684,230

  • 1g · Noncash contributions included above

    $22,320

  • 2a · Program service revenue: ADMISSIONS

    total $484,152 · related or exempt $484,152

  • 2b · Program service revenue: EDUCATIONAL PROGRAMS

    total $280,705 · related or exempt $280,705

  • 2c · Program service revenue: HISTORIC FOOD-WAYS

    total $100,391 · related or exempt $100,391

  • 2d · Program service revenue: COMMUNITY EVENTS

    total $80,795 · related or exempt $80,795

  • 2e · Program service revenue: SPECIAL EVENTS

    total $65,292 · related or exempt $65,292

  • 2f · All other program service revenue

    total $21,562 · related or exempt $21,562

  • 3 · Investment income

    total $595,351 · excluded $595,351

  • 6a · Gross rents

    real property $30,513

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $30,513

  • 6d · Net rental income or loss

    total $30,513 · excluded $30,513

  • 7a · Gross sales of assets other than inventory

    securities $6,852,993

  • 7b · Less cost or other basis and sales expenses

    securities $7,134,191

  • 7c · Gain or loss

    securities -$281,198

  • 7d · Net gain or loss

    total -$281,198 · excluded -$281,198

  • 8a · Fundraising events: gross income

    $56,845

  • 8b · Fundraising events: direct expenses

    $15,387

  • 8c · Net income from fundraising events

    total $41,458 · unrelated business $41,458

  • 10a · Gross sales of inventory

    $61,596

  • 10b · Cost of goods sold

    $29,853

  • 10c · Net income from sales of inventory

    total $31,743 · related or exempt $31,743

  • 11a · Other revenue: LAND EASEMENT

    total $276,647 · related or exempt $276,647

  • 11e · Other revenue, total

    $276,647

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $281,278 · management and general $281,278

  • 7 · Other salaries and wages

    total $1,135,008 · program services $795,408 · management and general $153,315 · fundraising $186,285

  • 8 · Pension plan contributions

    total $24,850 · program services $19,174 · management and general $2,489 · fundraising $3,187

  • 9 · Other employee benefits

    total $40,798 · program services $24,417 · management and general $12,322 · fundraising $4,059

  • 10 · Payroll taxes

    total $118,527 · program services $68,165 · management and general $34,812 · fundraising $15,550

  • 11c · Fees: accounting

    total $12,682 · management and general $12,682

  • 11f · Fees: investment management

    total $33,869 · management and general $33,869

  • 11g · Fees: other

    total $43,263 · management and general $43,263

  • 12 · Advertising and promotion

    total $55,643 · management and general $18,711 · fundraising $36,932

  • 13 · Office expenses

    total $14,632 · program services $2,332 · management and general $12,300

  • 14 · Information technology

    total $67,822 · program services $38,442 · management and general $20,520 · fundraising $8,860

  • 16 · Occupancy

    total $69,572 · program services $69,572

  • 17 · Travel

    total $1,087 · management and general $1,087

  • 20 · Interest

    total $7,303 · program services $7,303

  • 22 · Depreciation, depletion and amortization

    total $265,708 · program services $265,708

  • 23 · Insurance

    total $123,459 · program services $69,978 · management and general $37,353 · fundraising $16,128

  • 24a · Other expenses: MAINTENANCE

    total $339,280 · program services $339,280

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $112,085 · program services $112,085

  • 24c · Other expenses: BANK PROCESSING FEES

    total $48,864 · program services $46,453 · management and general $2,411

  • 24d · Other expenses: OTHER

    total $7,809 · management and general $7,809

  • 24e · All other expenses

    total $3,815 · management and general $3,815

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,272,012 · end of year $1,532,508

  • 2 · Savings and temporary cash investments

    beginning of year $729,286 · end of year $97,226

  • 3 · Pledges and grants receivable

    beginning of year $1,401,020 · end of year $1,464,758

  • 4 · Accounts receivable

    beginning of year $3,345 · end of year $1,100

  • 8 · Inventories for sale or use

    beginning of year $3,440 · end of year $924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,004 · end of year $38,051

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

    $17,757,803

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

    $9,536,951

  • 10c · Land, buildings and equipment, net

    beginning of year $4,813,879 · end of year $8,220,852

  • 11 · Investments: publicly traded securities

    beginning of year $10,344,701 · end of year $10,228,676

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,624 · end of year $1,584,172

  • 19 · Deferred revenue

    beginning of year $53,972 · end of year $22,885

  • 24 · Unsecured notes and loans payable

    beginning of year $204,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $13,493,044 · end of year $13,587,057

  • 28 · Net assets with donor restrictions

    beginning of year $4,764,047 · end of year $6,389,981

Mission and programs · 2024

Mission

LIVING HISTORY FARMS IS AN INTERACTIVE OUTDOOR HISTORY MUSEUM, WHICH EDUCATES AND CONNECTS ALL PEOPLES TO THE MANY STORIES OF MIDWESTERN RURAL HERITAGE.

Activities or mission (Part I)

AN OUTDOOR HISTORY MUSEUM WHICH CONNECTS PEOPLE TO THE STORIES OF THE MIDWESTERN RURAL HERITAGE

  • 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.

    Expenses $1,858,317 · Revenue $1,032,897

As filed on the 2024 return.

Listed in Part VII

  • Laura Ingram

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Erin Herbold-Swalwell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brian Hannah

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gina Graham

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Riaan Van Dyk

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Tony Aldridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ian Asplund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bobbie Brenton Matthes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Bubeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Peter Coaldrake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rachel Geilenfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Staci Harper Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lindsay Kirstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jes Ludwigson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darcy Maulsby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ruth Haus

    CEO

    Total calculated
    $180,788
    From this org
    $174,749
    From related orgs
    $0
    Other
    $6,039
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,749
    Bonus
    $0
    Other
    $0
    Deferred
    $5,384
    Nontaxable benefits
    $655
    Filer's total
    $180,788

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2025
IRS schema version
2024v5.1
Source object
202510989349301581

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