Civic Intelligence

Iron County Museum Endowment Fund Inc

EIN 38-2961583 • 501(c)3 • Caspian, MI

Profile

Management of perpetuity fund so that, we can help support hiring a full time manager for iron county historical and museum society.

100 Brady AvenueCaspian, MI 49915

www.ironcountymuseum.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

48th percentile

3.2%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Up

$1,442,681

Up $45,024 (+3.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,442,681

Up $45,024 (+3.2%) from 2023

Revenue

Up

$84,639

Up $10,549 (+14%) from 2023

Expenses

Up

$103,024

Up $18,080 (+21%) from 2023

Net Income

Down

-$18,385

Down $7,531 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,132,533Liabilities 2010: $0Net Assets 2010: $1,132,5332010Assets 2011: $1,154,925Liabilities 2011: $0Net Assets 2011: $1,154,9252011Assets 2012: $1,249,392Liabilities 2012: $0Net Assets 2012: $1,249,3922012Assets 2013: $1,351,677Liabilities 2013: $0Net Assets 2013: $1,351,6772013Assets 2014: $1,431,925Liabilities 2014: $0Net Assets 2014: $1,431,9252014Assets 2015: $1,300,034Liabilities 2015: $0Net Assets 2015: $1,300,0342015Assets 2016: $1,341,917Liabilities 2016: $0Net Assets 2016: $1,341,9172016Assets 2017: $1,432,791Liabilities 2017: $0Net Assets 2017: $1,432,7912017Assets 2018: $1,283,682Liabilities 2018: $0Net Assets 2018: $1,283,6822018Assets 2019: $1,461,191Liabilities 2019: $0Net Assets 2019: $1,461,1912019Assets 2020: $1,450,196Liabilities 2020: $0Net Assets 2020: $1,450,1962020Assets 2021: $1,581,479Liabilities 2021: $0Net Assets 2021: $1,581,4792021Assets 2022: $1,288,540Liabilities 2022: $0Net Assets 2022: $1,288,5402022Assets 2023: $1,397,657Liabilities 2023: $0Net Assets 2023: $1,397,6572023Assets 2024: $1,442,681Liabilities 2024: $0Net Assets 2024: $1,442,6812024

Highlighted filing

2024

Assets$1,442,681
Liabilities$0
Net Assets$1,442,681

Operations Trend

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

$200K$100K$0-$100K-$200KExpenses 2010: $35,3452010Expenses 2011: $48,8912011Revenue 2012: $155,223Expenses 2012: $60,756Net Income 2012: $94,4672012Revenue 2013: $166,357Expenses 2013: $64,072Net Income 2013: $102,2852013Revenue 2014: $146,380Expenses 2014: $66,132Net Income 2014: $80,2482014Revenue 2015: $17,391Expenses 2015: $149,282Net Income 2015: -$131,8912015Revenue 2016: $110,264Expenses 2016: $68,381Net Income 2016: $41,8832016Revenue 2017: $160,245Expenses 2017: $69,371Net Income 2017: $90,8742017Revenue 2018: $94,015Expenses 2018: $88,748Net Income 2018: $5,2672018Revenue 2019: $75,234Expenses 2019: $73,064Net Income 2019: $2,1702019Revenue 2020: $64,376Expenses 2020: $73,137Net Income 2020: -$8,7612020Revenue 2021: $104,192Expenses 2021: $74,213Net Income 2021: $29,9792021Revenue 2022: $74,588Expenses 2022: $88,223Net Income 2022: -$13,6352022Revenue 2023: $74,090Expenses 2023: $84,944Net Income 2023: -$10,8542023Revenue 2024: $84,639Expenses 2024: $103,024Net Income 2024: -$18,3852024

Highlighted filing

2024

Revenue$84,639
Expenses$103,024
Net Income-$18,385

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.00$1.44$0.08$0.10$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.00$1.40$0.07$0.08$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.00$1.29$0.07$0.09$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.00$1.58$0.10$0.07$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.00$1.45$0.06$0.07$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$0.08$0.07$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.00$1.28$0.09$0.09$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.00$1.43$0.16$0.07$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.00$1.34$0.11$0.07$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.00$1.30$0.02$0.15$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.15$0.07$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.17$0.06$0.10
2012Summary only. Only limited summary data is available for this year.$1.25$0.00$1.25$0.16$0.06$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 21, 2021
Return Version
2019v5.0
Gross Receipts
$75,234
Mission and Program Overview

Mission

Management of perpetuity fund so that, we can help support hiring a full time manager for iron county historical and museum society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,224,179$1,390,719▲ $166,540
Land, Buildings, and Equipment, Net$40,000$40,000→ $0
Savings and Temporary Cash Investments$13,084$19,902▲ $6,818
Cash and Non-Interest-Bearing Accounts$6,419$10,570▲ $4,151
Total Assets$1,283,682$1,461,191▲ $177,509
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,283,682$1,461,191▲ $177,509
Total Net Assets Fund Balance$1,283,682$1,461,191▲ $177,509
Total Liabilities and Net Assets / Fund Balance$1,283,682$1,461,191▲ $177,509

Asset Categories

AssetBook ValueDepreciationBasis
Land$40,000-$40,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael LaddPresident
James QuayleDirector
Louisa KniivilaDirector
Ronald BassoDirector
Fred BehlingSecretary
Peter SavingTreasurer
Sharon RydenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$375
Program Service Revenue
$0
Investment Income
$74,359
Other Revenue
$500
All Other Contributions
$375
Change in Net Assets
$2,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$72,000--$72,000
Insurance-$1,064-$1,064
Total Functional Expenses$72,000$1,064$0$73,064
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$500
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Director reviews form 990 then provides to board for review.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Iron Co Museum Endowment Fund Inc
EIN
38-2961583
Phone
9062652617
Address
100 BRADY AVENUE, CASPIAN, MI 49915

Signing Officer

Name
Michael Ladd
Title
President
Phone
9062652617
Signed
2021-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Ladd
Formed
1965
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Makela Pollack & Ahonen Pllc
Address
301 N SUFFOLK, IRONWOOD, MI 49938
Preparer
Karl T Ahonen
Phone
9069324430
Supplemental Narrative

Additional Explanations

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

N/A

Raw XML Appendix299 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.

Path#Value
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IRS990/AllOtherContributionsAmt0375
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0IRON COUNTY MUSEUM
IRS990/BooksInCareOfDetail/PhoneNum09062652617
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0102 MUSEUM RD
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTOR REVIEWS FORM 990 THEN PROVIDES TO BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt075234
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01283682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01461191
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0273 BERNHARDT RD
IRS990/USAddress/CityNm0IRON RIVER
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049935
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.IRONCOUNTYMUSEUM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL LADD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09062652617
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IRON CO MUSEUM ENDOWMENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0382961583
ReturnHeader/Filer/PhoneNum09062652617
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 BRADY AVENUE
ReturnHeader/Filer/USAddress/CityNm0CASPIAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049915
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381816187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAKELA POLLACK & AHONEN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 N SUFFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRONWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049938
ReturnHeader/PreparerPersonGrp/PhoneNum09069324430
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARL T AHONEN
ReturnHeader/ReturnTs02021-06-23T15:37:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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