Civic Intelligence

Holland Historical Trust

EIN 38-1692502 • 501(c)3 • Holland, MI

Profile

Mission: preserving our past, imagining our future vision: to be a cultural leader and community collaborator inspiring the next generation of leaders, thinkers and innovators.

31 W 10th StreetHolland, MI 49423

www.hollandmuseum.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.11x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.25x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-43%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$88,999

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

19th percentile

-7.6%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Using 2023 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Down

$1,409,400

Down $71,945 (-4.9%) from 2022

Liabilities

Down

$50,254

Down $111,548 (-69%) from 2022

Net Assets

Up

$1,359,146

Up $39,603 (+3.0%) from 2022

Revenue

Down

$748,865

Down $116,906 (-14%) from 2022

Expenses

Down

$750,429

Down $92,862 (-11%) from 2022

Net Income

Down

-$1,564

Down $24,044 (-107%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,984,805Liabilities 2011: $89,170Net Assets 2011: $2,895,6352011Assets 2012: $2,769,690Liabilities 2012: $100,483Net Assets 2012: $2,669,2072012Assets 2013: $2,821,915Liabilities 2013: $60,287Net Assets 2013: $2,761,6282013Assets 2014: $2,564,543Liabilities 2014: $131,735Net Assets 2014: $2,432,8082014Assets 2015: $2,398,710Liabilities 2015: $105,052Net Assets 2015: $2,293,6582015Assets 2016: $2,007,214Liabilities 2016: $97,859Net Assets 2016: $1,909,3552016Assets 2017: $1,844,035Liabilities 2017: $138,736Net Assets 2017: $1,705,2992017Assets 2018: $2,056,086Liabilities 2018: $193,232Net Assets 2018: $1,862,8542018Assets 2019: $1,871,950Liabilities 2019: $93,891Net Assets 2019: $1,778,0592019Assets 2020: $1,671,089Liabilities 2020: $114,535Net Assets 2020: $1,556,5542020Assets 2021: $1,560,246Liabilities 2021: $78,453Net Assets 2021: $1,481,7932021Assets 2022: $1,481,345Liabilities 2022: $161,802Net Assets 2022: $1,319,5432022Assets 2023: $1,409,400Liabilities 2023: $50,254Net Assets 2023: $1,359,1462023

Latest loaded filing

2023

Assets$1,409,400
Liabilities$50,254
Net Assets$1,359,146

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $538,974Expenses 2011: $861,360Net Income 2011: -$322,3862011Expenses 2012: $764,4842012Revenue 2013: $867,214Expenses 2013: $831,572Net Income 2013: $35,6422013Revenue 2014: $429,743Expenses 2014: $839,433Net Income 2014: -$409,6902014Revenue 2015: $685,670Expenses 2015: $815,204Net Income 2015: -$129,5342015Revenue 2016: $392,107Expenses 2016: $704,475Net Income 2016: -$312,3682016Revenue 2017: $423,139Expenses 2017: $672,522Net Income 2017: -$249,3832017Revenue 2018: $838,189Expenses 2018: $704,995Net Income 2018: $133,1942018Revenue 2019: $773,050Expenses 2019: $866,730Net Income 2019: -$93,6802019Revenue 2020: $628,672Expenses 2020: $840,966Net Income 2020: -$212,2942020Revenue 2021: $517,309Expenses 2021: $715,561Net Income 2021: -$198,2522021Revenue 2022: $865,771Expenses 2022: $843,291Net Income 2022: $22,4802022Revenue 2023: $748,865Expenses 2023: $750,429Net Income 2023: -$1,5642023

Latest loaded filing

2023

Revenue$748,865
Expenses$750,429
Net Income-$1,564

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.05$1.36$0.75$0.75$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.16$1.32$0.87$0.84$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.08$1.48$0.52$0.72$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.11$1.56$0.63$0.84$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.09$1.78$0.77$0.87$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.19$1.86$0.84$0.70$0.13
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.14$1.71$0.42$0.67$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.10$1.91$0.39$0.70$0.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.11$2.29$0.69$0.82$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.56$0.13$2.43$0.43$0.84$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.06$2.76$0.87$0.83$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.10$2.67$0.76
2011Summary only. Only limited summary data is available for this year.$2.98$0.09$2.90$0.54$0.86$0.32
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$901,604
Mission and Program Overview

Mission

The holland historical trust is a catalyst for the dynamic interaction of the past and present that enriches the greater holland area. By collecting, preserving, and communicating what has been, the trust focuses the power of the past to shape the future. Its educational facilities and collections are representative of a diverse heritage and accessible to all.

Mission: preserving our past, imagining our future vision: to be a cultural leader and community collaborator inspiring the next generation of leaders, thinkers and innovators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$883,048$841,532▼ $41,516
Investments in Publicly Traded Securities$469,408$407,778▼ $61,630
Accounts Receivable-$81,860-
Savings and Temporary Cash Investments$52,693$27,177▼ $25,516
Pledges and Grants Receivable$10,000--
Prepaid Expenses and Deferred Charges$6,948$7,336▲ $388
Inventories for Sale or Use$3,624$5,064▲ $1,440
Cash and Non-Interest-Bearing Accounts$390$390→ $0
Total Assets$1,560,246$1,481,345▼ $78,901
Other Assets Total$134,135$110,208▼ $23,927
Liabilities
Other Liabilities-$105,000-
Accounts Payable and Accrued Expenses$51,590$45,573▼ $6,017
Deferred Revenue$26,863$11,229▼ $15,634
Total Liabilities$78,453$161,802▲ $83,349
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$972,682$870,426▼ $102,256
Net Assets With Donor Restrictions$509,111$449,117▼ $59,994
Total Net Assets Fund Balance$1,481,793$1,319,543▼ $162,250
Total Liabilities and Net Assets / Fund Balance$1,560,246$1,481,345▼ $78,901

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$615,720$999,133$1,614,853
Leasehold Improvements$196,491$1,193,419$1,389,910
Equipment$9,321$46,784$56,105
Land$20,000-$20,000
Other Assets Org$110,208--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$178,131-▼ $6,860$-7,403$163,868
2021$142,701-▲ $36,426$996$178,131
2020$157,384-▲ $5,317$20,000$142,701
2019$155,167-▲ $10,198$7,981$157,384
2018$142,117-▲ $13,050-$155,167
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ricki LevineExecutive DiFT$83,242$10,411$93,653

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$697,239
Program Service Revenue
$32,825
Investment Income
$134,913
Other Revenue
$794
All Other Contributions
$288,807
Change in Net Assets
$22,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$861,785
Revenue Not Reported on Financial Statements
$3,986
Revenue Not Reported on Form 990
$-128,930
Total Revenue per Audited Statements
$732,855
Total Revenue per Form 990
$865,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$452,211
Other Expenses$391,080
Total Fundraising Expense$114,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$207,153$72,366$29,057$308,576
Occupancy$79,420$19,306$19,305$118,031
Depreciation Depletion$114,257--$114,257
Current Officers, Directors, Trustees, and Key Employees$28,080$9,360$56,160$93,600
Advertising$37,338--$37,338
Payroll Taxes$18,487$6,434$6,328$31,249
Insurance$16,090$4,023-$20,113
Office Expenses-$18,883-$18,883
Other Employee Benefits$13,815$4,971-$18,786
Fees for Services Accounting-$11,390-$11,390
Other Expenses$10,394$9,405-$9,405
Fees for Service Investment Mgmnt Fees-$3,986-$3,986
All Other Expenses-$3,458-$3,458
Travel$65$195$3,170$3,430
Fees for Services Legal-$110-$110
Total Functional Expenses$561,249$168,022$114,020$843,291

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$895,105
Total Expenses per Form 990$843,291
Expenses per Audited Statements$839,305
Expenses Not Reported on Form 990$55,800
Expenses Not Reported on Financial Statements$3,986
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$30,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$46,946-$30,013-
Total Events$46,946-$30,013$-30,013
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$105,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The accounting firm provides the organization with a draft copy of the 990 form. The finance committee, who is approved by the governing board to make all financial decisions regarding the organization, reviews the form and makes any corrections or suggestions as needed. The accounting firm then revises the form and electronically files it.

Form 990, Page 6, Part VI, Line 12C

Statements are filed by all board members disclosing all personal, business and organizational interest and affiliations which could be construed as being museum related.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation for the organization's executive director includes the use of a task force to determine comparable data, and review and approval by the board (independent persons). The deliberation process, the decision, and the basis for the decision is documented in the board minutes.

Form 990, Page 6, Part VI, Line 15B

The process for determining compensation for the organization's key employees includes the use of comparable data and review by the executive director along with approval by the board (independent persons). The deliberation process, the decision, and the basis for the decision is documented in the employee's personal file.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Holland Historical Trust
EIN
38-1692502
Phone
6163941362
Address
31 W 10TH STREET, HOLLAND, MI 49423

Signing Officer

Name
Mark D Johnson
Title
Treasurer
Phone
6163941362
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark D Johnson
Formed
1986
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
15
Volunteers
116

Preparer

Firm
Hungerford Nichols Cpas Advisors
Address
675 EAST 16TH STREET 100, HOLLAND, MI 49423
Preparer
Douglas W Rotman
Phone
6163928534
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Actual number of volunteers is tracked.

Form 990, Page 2, Part III, Line 4A

The holland museum shares the story of holland, michigan, from the arrival by dutch immigrants to today's innovative, successful, and diverse community. In the main museum, there are thousands of fascinating historic objects, as well as artwork from the netherlands from the 1600s through the 1900s. Sparklab smithsonian, with rotating stem activities is a highlight for families of all ages. Additional temporary exhibits offer something new regularly. Two historic homes showcasing how people lived in the late 1800s are part of the trust's properties: the settlers house is a small family home that was lived in by a series of working class families over the course of its long history. Built around 1867, the building survived the great holland fire of 1871 and was continuously lived in until the 1990s. Today, the home has been restored to how it would have appeared in 1871. The cappon house was the home of holland's first mayor and local tannery proprietor, isaac cappon. Built in 1874, it is now partially restored to its appearance in 1900. Visitors to the cappon house step back in time, immersing themselves in the stories of isaac cappon and his large family.

Form 990, Part XI, Line 9

Merchandise purchases 5,820 merchandise purchases -5,820

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Merchandise purchases 5,820

Schedule D, Page 4, Part XII, Line 2D

Merchandise purchases 5,820

Raw XML AppendixShowing 400 of 543 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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