Civic Intelligence

Holland Historical Trust

990 • Fiscal year 2016 • EIN 38-1692502

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 11, 2016

31 W 10th StreetHolland, MI 49423

(616) 394-1362

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-80%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$90,311

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-43%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,007,214

Down $391,496 (-16%) from 2015

Net Assets

Down

$1,909,355

Down $384,303 (-17%) from 2015

Liabilities

Down

$97,859

Down $7,193 (-6.8%) from 2015

Revenue

Down

$392,107

Down $293,563 (-43%) from 2015

Expenses

Down

$704,475

Down $110,729 (-14%) from 2015

Net Income

Down

-$312,368

Down $182,834 (-141%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

Highlighted filing

2016

Assets$2,007,214
Liabilities$97,859
Net Assets$1,909,355

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

Highlighted filing

2016

Revenue$392,107
Expenses$704,475
Net Income-$312,368
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$412,221
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.

Historical education and preservation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,402,103$1,294,011▼ $108,092
Investments in Publicly Traded Securities$560,345$526,059▼ $34,286
Savings and Temporary Cash Investments$427,573$175,734▼ $251,839
Inventories for Sale or Use$7,199$5,648▼ $1,551
Pledges and Grants Receivable$1,100$5,372▲ $4,272
Cash and Non-Interest-Bearing Accounts$390$390→ $0
Total Assets$2,398,710$2,007,214▼ $391,496
Liabilities
Unsecured Notes Loans Payable-$45,000-
Accounts Payable and Accrued Expenses$39,966$39,836▼ $130
Deferred Revenue$65,086$13,023▼ $52,063
Total Liabilities$105,052$97,859▼ $7,193
Net Assets / Fund Balance
Unrestricted Net Assets$1,873,416$1,545,790▼ $327,626
Temporarily Rstr Net Assets$310,242$253,565▼ $56,677
Permanently Rstr Net Assets$110,000$110,000→ $0
Total Net Assets Fund Balance$2,293,658$1,909,355▼ $384,303
Total Liabilities and Net Assets / Fund Balance$2,398,710$2,007,214▼ $391,496

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$813,007$599,900$1,412,907
Leasehold Improvements$459,428$926,062$1,385,490
Equipment$1,576$35,587$37,163
Land$20,000-$20,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$132,660-▼ $110-$132,550
2015$144,194-▼ $11,534-$132,660
2014$137,531-▲ $6,663-$144,194
2013$121,456-▲ $16,075-$137,531
2012$59,953$60,000▲ $1,503-$121,456
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher ShiresExecutive DiFT$81,095$9,216$90,311

Board Members and Trustees

NameTitle
Andy BaldusPresident
Clare HeyboerTrustee
Jason ConeyTrustee
Jerry ShoupTrustee
Jim ChiodoTrustee
Jodi SyensTrustee
Keith BoonstraTrustee
Madelaine LaneTrustee
Maxine DebruynTrustee
Anne StewartSecretary
Doug RotmanTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$298,903
Program Service Revenue
$78,333
Investment Income
$14,247
Other Revenue
$624
All Other Contributions
$298,903
Change in Net Assets
$-312,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$392,107
Revenue Not Reported on Form 990
$55,841
Total Revenue per Audited Statements
$447,948
Total Revenue per Form 990
$392,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$397,314
Salaries, Compensation, and Employee Benefits$307,161
Total Fundraising Expense$38,052
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,975$24,730$1,997$158,702
Depreciation Depletion$113,312--$113,312
Current Officers, Directors, Trustees, and Key Employees$37,473$37,473$18,737$93,683
Occupancy$65,707$17,645-$83,352
Other Employee Benefits$17,963$13,042$4,347$35,352
Office Expenses$8,761$24,035-$32,796
Insurance$21,582$5,396-$26,978
All Other Expenses$21,871$1,732-$23,603
Payroll Taxes$13,009$4,811$1,604$19,424
Other Expenses$1,960$12,363$11,367$14,323
Fees for Services Accounting-$6,400-$6,400
Travel$1,097$1,701-$2,798
Interest-$226-$226
Total Functional Expenses$516,869$149,554$38,052$704,475

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$782,951
Expenses per Audited Statements$704,475
Total Expenses per Form 990$704,475
Expenses Not Reported on Form 990$78,476
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,562
Fundraising Direct Expenses$2,788
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Trustee-familyVolunteer Coord.No$21,691
Rachel SyensTrusteeTax PreparationNo$1,200
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 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
Jodi Syens
Title
Trustee
Phone
6163941362
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Baldus
Formed
1986
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
10
Employees
17
Volunteers
162

Preparer

Firm
Ferris Busscher & Zwiers Pc
Address
675 EAST 16TH ST SUITE 100, HOLLAND, MI 49423
Preparer
Douglas W Rotman
Phone
6163928534
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 1, Part I, Line 6

Actual number of volunteers is tracked.

Form 990, Part XI, Line 9

Collections -49,300 total -49,300

Financial Statement Notes

Schedule D, Page 3, Part X

Hht is a not-for-profit organization, exempt from income taxes under section 501(c)(3) of the internal revenue code, and is exempt from similar state and local taxes. Accordingly, no provision has been made for income taxes in the accompanying financial statements. Although hht was granted income tax exemption by the internal revenue service, such exemption does not apply to unrelated business taxable income. Such income, pursuant to the internal revenue code and related regulations, includes investment income such as interest received from sources other than directly from program fees. Hht analyzes its filing positions in the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years (2012 through 2015) in these jurisdictions to identify potential uncertain tax positions. Hht treats interest and penalties attributable to income taxes, and reflects any charges for such, to the extent they arise, as a component of its expenses. Hht does not have any amounts accrued for unrecognized tax benefits at june 30, 2016.

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

Merchandise purchases 3,505 rental expenses 13,821 grant/foundation 50

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

Merchandise purchases 3,505 rental expenses 13,821 grant/foundation 50

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IRS990/MissionDesc0THE 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.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HHT IS A NOT-FOR-PROFIT ORGANIZATION, EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. ALTHOUGH HHT WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO UNRELATED BUSINESS TAXABLE INCOME. SUCH INCOME, PURSUANT TO THE INTERNAL REVENUE CODE AND RELATED REGULATIONS, INCLUDES INVESTMENT INCOME SUCH AS INTEREST RECEIVED FROM SOURCES OTHER THAN DIRECTLY FROM PROGRAM FEES. HHT ANALYZES ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS (2012 THROUGH 2015) IN THESE JURISDICTIONS TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. HHT TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS EXPENSES. HHT DOES NOT HAVE ANY AMOUNTS ACCRUED FOR UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MERCHANDISE PURCHASES 3,505 RENTAL EXPENSES 13,821 GRANT/FOUNDATION 50
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2MERCHANDISE PURCHASES 3,505 RENTAL EXPENSES 13,821 GRANT/FOUNDATION 50
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.17100

Document Assets

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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
2016Detailed filing. Detailed filing data is available for this year.$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