Civic Intelligence

Beaver Island Historical Society of Michigan

EIN 38-6087750 • 501(c)3 • Beaver Island, MI

Profile

The beaver island historical society was founded in 1957 to collect and share the fascinating history of beaver island. A remote island in lake michigan, it has witnessed many interesting and unique historical events, and has been home to various groups including native americans, a mormon branch known as the strangites, irish immigrants, fisherman, lumberjacks, and many more. The historical society currently operates two museums on the island, the print shop museum and the marine museum, as well as two additional historical sites, heritage park and the protar home. We offer several resources and services to our visitors, including genealogical research, copies of archival photos, and a series of historical journals and other books for purchase. Additionally, we host many events throughout the year to promote the islands history.

26275 Main StreetBeaver Island, MI 49782

www.beaverislandhistory.org

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.21x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

33rd percentile

-2.6%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

29th percentile

-3.0%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

76th percentile

32%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Down

$1,023,088

Down $31,571 (-3.0%) from 2023

Liabilities

Up

$72,100

Up $3,028 (+4.4%) from 2023

Net Assets

Down

$950,988

Down $34,599 (-3.5%) from 2023

Revenue

Up

$347,091

Up $84,981 (+32%) from 2023

Expenses

Up

$356,096

Up $29,303 (+9.0%) from 2023

Net Income

Up

-$9,005

Up $55,678 (+86%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $228,348Liabilities 2011: $33,4342011Assets 2012: $230,446Liabilities 2012: $29,2442012Assets 2013: $236,972Liabilities 2013: $25,8982013Assets 2014: $346,342Liabilities 2014: $02014Assets 2015: $417,174Liabilities 2015: $02015Assets 2016: $300,262Liabilities 2016: $02016Assets 2017: $870,626Liabilities 2017: $43Net Assets 2017: $870,5832017Assets 2018: $906,313Liabilities 2018: $3,955Net Assets 2018: $902,3582018Assets 2019: $906,742Liabilities 2019: $3,721Net Assets 2019: $903,0212019Assets 2020: $1,065,872Liabilities 2020: $79,092Net Assets 2020: $986,7802020Assets 2021: $1,024,485Liabilities 2021: $65,179Net Assets 2021: $959,3062021Assets 2022: $1,087,623Liabilities 2022: $74,777Net Assets 2022: $1,012,8462022Assets 2023: $1,054,659Liabilities 2023: $69,072Net Assets 2023: $985,5872023Assets 2024: $1,023,088Liabilities 2024: $72,100Net Assets 2024: $950,9882024

Highlighted filing

2024

Assets$1,023,088
Liabilities$72,100
Net Assets$950,988

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $57,089Expenses 2011: $44,950Net Income 2011: $12,1392011Revenue 2012: $54,558Expenses 2012: $48,268Net Income 2012: $6,2902012Revenue 2013: $53,484Expenses 2013: $48,422Net Income 2013: $5,0622013Revenue 2014: $69,704Expenses 2014: $54,221Net Income 2014: $15,4832014Revenue 2015: $67,378Expenses 2015: $56,615Net Income 2015: $10,7632015Revenue 2016: $94,962Expenses 2016: $50,756Net Income 2016: $44,2062016Revenue 2017: $644,913Expenses 2017: $74,592Net Income 2017: $570,3212017Revenue 2018: $128,245Expenses 2018: $90,599Net Income 2018: $37,6462018Revenue 2019: $122,441Expenses 2019: $121,778Net Income 2019: $6632019Revenue 2020: $212,289Expenses 2020: $128,530Net Income 2020: $83,7592020Revenue 2021: $233,154Expenses 2021: $260,628Net Income 2021: -$27,4742021Revenue 2022: $227,801Expenses 2022: $174,261Net Income 2022: $53,5402022Revenue 2023: $262,110Expenses 2023: $326,793Net Income 2023: -$64,6832023Revenue 2024: $347,091Expenses 2024: $356,096Net Income 2024: -$9,0052024

Highlighted filing

2024

Revenue$347,091
Expenses$356,096
Net Income-$9,005

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.07$0.95$0.35$0.36$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.07$0.99$0.26$0.33$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.07$1.01$0.23$0.17$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.07$0.96$0.23$0.26$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.08$0.99$0.21$0.13$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.90$0.12$0.12$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.90$0.13$0.09$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.00$0.87$0.64$0.07$0.57
2016Summary only. Only limited summary data is available for this year.$0.30$0.00$0.09$0.05$0.04
2015Summary only. Only limited summary data is available for this year.$0.42$0.00$0.07$0.06$0.01
2014Summary only. Only limited summary data is available for this year.$0.35$0.00$0.07$0.05$0.02
2013Summary only. Only limited summary data is available for this year.$0.24$0.03$0.05$0.05$0.01
2012Summary only. Only limited summary data is available for this year.$0.23$0.03$0.05$0.05$0.01
2011Summary only. Only limited summary data is available for this year.$0.23$0.03$0.06$0.04$0.01
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Jun 28, 2022
Return Version
2020v4.0
Gross Receipts
$245,381
Mission and Program Overview

Mission

The beaver island historical society was founded in 1957 to collect and share the fascinating history of beaver island. A remote island in lake michigan, it has witnessed many interesting and unique historical events, and has been home to various groups including native americans, a mormon branch known as the strangites, irish immigrants, fisherman, lumberjacks, and many more. The historical society currently operates two museums on the island, the print shop museum and the marine museum, as well as two additional historical sites, heritage park and the protar home. We offer several resources and services to our visitors, including genealogical research, copies of archival photos, and a series of historical journals and other books for purchase. Additionally, we host many events throughout the year to promote the islands history.

Preserving and sharing the unique history of beaver island and the archipelago. The beaver island historical society was founded in 1957 to collect and share the fascinating history of beaver island. A remote island in lake michigan, it has witnessed many interesting and unique historical events,and has been home to various groups including native americans, a mormon branch known as the strangites, irish immigrants, fisherman, lumberjacks,and many more. The historical society currently operates two museums on the island, the print shop museum and the marine museum, as well as two additional historical sites, heritage park and the protar home. We offer several resources and services to our visitors, including genealogical research, copies of archival photos, and a series of historical journals and other books for purchase. Additionally, we host many events throughout the year to promote the islands history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$891,915$836,569▼ $55,346
Cash and Non-Interest-Bearing Accounts$41,823$158,406▲ $116,583
Savings and Temporary Cash Investments$128,226$29,510▼ $98,716
Prepaid Expenses and Deferred Charges$3,908--
Total Assets$1,065,872$1,024,485▼ $41,387
Liabilities
Other Liabilities$77,705$64,323▼ $13,382
Accounts Payable and Accrued Expenses$1,387$856▼ $531
Total Liabilities$79,092$65,179▼ $13,913
Net Assets / Fund Balance
Net Assets With Donor Restrictions$639,966$639,966→ $0
Net Assets Without Donor Restrictions$346,814$319,340▼ $27,474
Total Net Assets Fund Balance$986,780$959,306▼ $27,474
Total Liabilities and Net Assets / Fund Balance$1,065,872$1,024,485▼ $41,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$814,309$3,029$817,338
Land$63,700-$63,700
Other Land Buildings$-78,660$78,660-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$196,229
Program Service Revenue
$11,610
Investment Income
$600
Other Revenue
$24,715
All Other Contributions
$108,836
Change in Net Assets
$-27,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,564
Salaries, Compensation, and Employee Benefits$73,064
Total Fundraising Expense$21,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$81,689--$81,689
Other Salaries and Wages$40,617$20,309$6,770$67,696
Fees for Services Other$320$16,621$9,471$26,412
Office Expenses$5,952$691$3,684$10,327
Occupancy$8,883$103$283$9,269
Information Technology$4,635$869$290$5,794
Payroll Taxes$3,221$1,610$537$5,368
Fees for Services Accounting-$5,200-$5,200
Insurance$4,165$781-$4,946
Travel$3,071$1,024-$4,095
Advertising$2,521--$2,521
Other Expenses$767$222-$989
Conferences and Meetings$637$213-$850
All Other Expenses$328$164$164$656
Total Functional Expenses$191,230$48,199$21,199$260,628
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$18,173
Gaming Direct Expenses$5,067
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan$63,000
Sales and Payroll Tax Liabilities$1,323
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Beaver Island Historical Society of
EIN
38-6087750
Phone
2314482254
Address
26275 MAIN STREET, BEAVER ISLAND, MI 49782

Signing Officer

Name
Roberta Welke
Title
Treasurer
Phone
2314482254
Signed
2022-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberta Welke
Formed
1957
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
1

Preparer

Firm
Mclane Blatchford CPA Firm Plc
Address
1108 BRIDGE STREET UNIT B, CHARLEVOIX, MI 49720-1305
Preparer
Jamie C Mclane CPA
Phone
2314375300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The beaver island historical society was founded in 1957 to collect and share the fascinating history of beaver island. A remote island in lake michigan, it has witnessed many interesting and unique historical events, and has been home to various groups including native americans, a mormon branch known as the strangites, irish immigrants, fisherman, lumberjacks, and many more. The historical society currently operates two museums on the island, the print shop museum and the marine museum, as well as two additional historical sites, heritage park and the protar home. We offer several resources and services to our visitors, including genealogical research, copies of archival photos, and a series of historical journals and other books for purchase. Additionally, we host many events throughout the year to promote the island's history.

Form 990, Page 1, Part I, Line 6

The museum depends on volunteers who serve as docents in the museums. Volunteers work an average 3 hour shift. These volunteers donate their time over the 14 week summer season on the island.

Form 990, Part IX, Line 11G

Outside contract services 320 16,621 9,471

Raw XML AppendixShowing 400 of 483 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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IRS990/ActivityOrMissionDesc0PRESERVING AND SHARING THE UNIQUE HISTORY OF BEAVER ISLAND AND THE ARCHIPELAGO. THE BEAVER ISLAND HISTORICAL SOCIETY WAS FOUNDED IN 1957 TO COLLECT AND SHARE THE FASCINATING HISTORY OF BEAVER ISLAND. A REMOTE ISLAND IN LAKE MICHIGAN, IT HAS WITNESSED MANY INTERESTING AND UNIQUE HISTORICAL EVENTS,AND HAS BEEN HOME TO VARIOUS GROUPS INCLUDING NATIVE AMERICANS, A MORMON BRANCH KNOWN AS THE STRANGITES, IRISH IMMIGRANTS, FISHERMAN, LUMBERJACKS,AND MANY MORE. THE HISTORICAL SOCIETY CURRENTLY OPERATES TWO MUSEUMS ON THE ISLAND, THE PRINT SHOP MUSEUM AND THE MARINE MUSEUM, AS WELL AS TWO ADDITIONAL HISTORICAL SITES, HERITAGE PARK AND THE PROTAR HOME. WE OFFER SEVERAL RESOURCES AND SERVICES TO OUR VISITORS, INCLUDING GENEALOGICAL RESEARCH, COPIES OF ARCHIVAL PHOTOS, AND A SERIES OF HISTORICAL JOURNALS AND OTHER BOOKS FOR PURCHASE. ADDITIONALLY, WE HOST MANY EVENTS THROUGHOUT THE YEAR TO PROMOTE THE ISLANDS HISTORY.
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IRS990/MissionDesc0THE BEAVER ISLAND HISTORICAL SOCIETY WAS FOUNDED IN 1957 TO COLLECT AND SHARE THE FASCINATING HISTORY OF BEAVER ISLAND. A REMOTE ISLAND IN LAKE MICHIGAN, IT HAS WITNESSED MANY INTERESTING AND UNIQUE HISTORICAL EVENTS, AND HAS BEEN HOME TO VARIOUS GROUPS INCLUDING NATIVE AMERICANS, A MORMON BRANCH KNOWN AS THE STRANGITES, IRISH IMMIGRANTS, FISHERMAN, LUMBERJACKS, AND MANY MORE. THE HISTORICAL SOCIETY CURRENTLY OPERATES TWO MUSEUMS ON THE ISLAND, THE PRINT SHOP MUSEUM AND THE MARINE MUSEUM, AS WELL AS TWO ADDITIONAL HISTORICAL SITES, HERITAGE PARK AND THE PROTAR HOME. WE OFFER SEVERAL RESOURCES AND SERVICES TO OUR VISITORS, INCLUDING GENEALOGICAL RESEARCH, COPIES OF ARCHIVAL PHOTOS, AND A SERIES OF HISTORICAL JOURNALS AND OTHER BOOKS FOR PURCHASE. ADDITIONALLY, WE HOST MANY EVENTS THROUGHOUT THE YEAR TO PROMOTE THE ISLAND'S HISTORY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE HISTORICAL SOCIETY HAS COMPLETED IN 2022 A THREE-PHASED CONSTRUCTION/RENOVATION PROJECT AT OUR PRINT SHOP MUSEUM. PHASE 1 CONSISTED OF RECONSTRUCTING THE FRONT PORCH OF THE MUSEUM. PHASE 2 DEMOLISHED A WING OF THE MUSEUM THAT WAS NOT PART OF THE HISTORICAL STRUCTURE AND A NEW GALLERY, ARCHIVE AND CONFERENCE ROOM WAS CONSTRUCTED. PHASE 3 WAS A RESTORATION OF THE HISTORIC CORE OF THE PRINT SHOP MUSEUM.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BEAVER ISLAND HISTORICAL SOCIETY WAS FOUNDED IN 1957 TO COLLECT AND SHARE THE FASCINATING HISTORY OF BEAVER ISLAND. A REMOTE ISLAND IN LAKE MICHIGAN, IT HAS WITNESSED MANY INTERESTING AND UNIQUE HISTORICAL EVENTS, AND HAS BEEN HOME TO VARIOUS GROUPS INCLUDING NATIVE AMERICANS, A MORMON BRANCH KNOWN AS THE STRANGITES, IRISH IMMIGRANTS, FISHERMAN, LUMBERJACKS, AND MANY MORE. THE HISTORICAL SOCIETY CURRENTLY OPERATES TWO MUSEUMS ON THE ISLAND, THE PRINT SHOP MUSEUM AND THE MARINE MUSEUM, AS WELL AS TWO ADDITIONAL HISTORICAL SITES, HERITAGE PARK AND THE PROTAR HOME. WE OFFER SEVERAL RESOURCES AND SERVICES TO OUR VISITORS, INCLUDING GENEALOGICAL RESEARCH, COPIES OF ARCHIVAL PHOTOS, AND A SERIES OF HISTORICAL JOURNALS AND OTHER BOOKS FOR PURCHASE. ADDITIONALLY, WE HOST MANY EVENTS THROUGHOUT THE YEAR TO PROMOTE THE ISLAND'S HISTORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MUSEUM DEPENDS ON VOLUNTEERS WHO SERVE AS DOCENTS IN THE MUSEUMS. VOLUNTEERS WORK AN AVERAGE 3 HOUR SHIFT. THESE VOLUNTEERS DONATE THEIR TIME OVER THE 14 WEEK SUMMER SEASON ON THE ISLAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUTSIDE CONTRACT SERVICES 320 16,621 9,471

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