Civic Intelligence

Eau Claire Association of Museums Inc.

990 • Fiscal year 2015 • EIN 39-6092129

Oct 01, 2014 to Sep 30, 2015 • Filed on Jun 27, 2016

PO Box 1204Eau Claire, WI 54702

(715) 834-7871

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$56,322

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-35%

Faster revenue growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,257,203

Up $156,254 (+14%) from 2014

Net Assets

Up

$1,192,253

Up $135,222 (+13%) from 2014

Liabilities

Up

$64,950

Up $21,032 (+48%) from 2014

Revenue

Down

$483,103

Down $265,449 (-35%) from 2014

Expenses

Down

$592,104

Down $106,786 (-15%) from 2014

Net Income

Down

-$109,001

Down $158,663 (-319%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,243,626Liabilities 2010: $60,189Net Assets 2010: $1,183,4372010Assets 2011: $1,213,545Liabilities 2011: $60,363Net Assets 2011: $1,153,1822011Assets 2012: $1,132,786Liabilities 2012: $52,667Net Assets 2012: $1,080,1192012Assets 2013: $1,080,121Liabilities 2013: $72,752Net Assets 2013: $1,007,3692013Assets 2014: $1,100,949Liabilities 2014: $43,918Net Assets 2014: $1,057,0312014Assets 2015: $1,257,203Liabilities 2015: $64,950Net Assets 2015: $1,192,2532015Assets 2016: $1,198,436Liabilities 2016: $22,541Net Assets 2016: $1,175,8952016Assets 2017: $1,053,238Liabilities 2017: $28,334Net Assets 2017: $1,024,9042017Assets 2018: $959,650Liabilities 2018: $43,445Net Assets 2018: $916,2052018Assets 2019: $910,589Liabilities 2019: $29,925Net Assets 2019: $880,6642019Assets 2020: $894,269Liabilities 2020: $69,241Net Assets 2020: $825,0282020Assets 2021: $934,324Liabilities 2021: $30,351Net Assets 2021: $903,9732021Assets 2022: $957,963Liabilities 2022: $32,809Net Assets 2022: $925,1542022Assets 2023: $825,072Liabilities 2023: $26,870Net Assets 2023: $798,2022023Assets 2024: $847,119Liabilities 2024: $32,634Net Assets 2024: $814,4852024

Highlighted filing

2015

Assets$1,257,203
Liabilities$64,950
Net Assets$1,192,253

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $642,4272010Expenses 2011: $730,8652011Expenses 2012: $782,3732012Revenue 2013: $677,540Expenses 2013: $750,290Net Income 2013: -$72,7502013Revenue 2014: $748,552Expenses 2014: $698,890Net Income 2014: $49,6622014Revenue 2015: $483,103Expenses 2015: $592,104Net Income 2015: -$109,0012015Revenue 2016: $480,500Expenses 2016: $496,858Net Income 2016: -$16,3582016Revenue 2017: $372,284Expenses 2017: $523,275Net Income 2017: -$150,9912017Revenue 2018: $418,285Expenses 2018: $526,984Net Income 2018: -$108,6992018Revenue 2019: $450,605Expenses 2019: $486,146Net Income 2019: -$35,5412019Revenue 2020: $432,646Expenses 2020: $488,282Net Income 2020: -$55,6362020Revenue 2021: $632,326Expenses 2021: $553,381Net Income 2021: $78,9452021Revenue 2022: $610,487Expenses 2022: $589,306Net Income 2022: $21,1812022Revenue 2023: $512,949Expenses 2023: $758,276Net Income 2023: -$245,3272023Revenue 2024: $635,713Expenses 2024: $770,575Net Income 2024: -$134,8622024

Highlighted filing

2015

Revenue$483,103
Expenses$592,104
Net Income-$109,001
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jun 27, 2016
Return Version
2014v6.0
Gross Receipts
$510,157
Mission and Program Overview

Mission

Understanding the history of our community is basic to our democratic way of life, gives us a better understanding of our state and nation, and promotes a better appreciation of american heritage. In support of this belief, the chippewa valley museum discovers, collects, preserves, and interprets the history and culture of the chippewa valley and its people. In order to increase understanding of regional history, chippewa valley museum provides learning experiences for all ages as well as other related services and activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,076,939$1,117,313▲ $40,374
Pledges and Grants Receivable-$103,333-
Savings and Temporary Cash Investments$23,515$36,062▲ $12,547
Cash and Non-Interest-Bearing Accounts$495$495→ $0
Total Assets$1,100,949$1,257,203▲ $156,254
Liabilities
Other Liabilities$11,200$40,700▲ $29,500
Accounts Payable and Accrued Expenses$4,234$14,250▲ $10,016
Unsecured Notes Loans Payable$28,484$10,000▼ $18,484
Total Liabilities$43,918$64,950▲ $21,032
Net Assets / Fund Balance
Unrestricted Net Assets$979,179$1,049,254▲ $70,075
Temporarily Rstr Net Assets$77,852$142,999▲ $65,147
Total Net Assets Fund Balance$1,057,031$1,192,253▲ $135,222
Total Liabilities and Net Assets / Fund Balance$1,100,949$1,257,203▲ $156,254

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$987,777$1,000,731$1,988,508
Equipment$129,536$239,586$369,122

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$815,236$1,519▼ $24,922$26,766$757,675
2014$775,367$8,750▲ $61,785$23,709$815,236
2013$610,254$116,600▲ $73,952$20,249$775,367
2012$528,325$6,750▲ $98,122$18,129$610,254
2011$554,636$3,975▼ $4,007$21,432$528,325
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan McleodExec Director (ocFT$56,322$56,322
Carrie RonnanderExec Director (jaFT$53,000$53,000

Board Members and Trustees

NameTitle
Dave PokrandtPresident
Al JonesBoard Member
Becky SeelenBoard Member
Jerry SheaBoard Member
Karen HebertBoard Member
Lynn FrankBoard Member
Mary Ann HardebeckBoard Member
Melissa JonesBoard Member
Ron Mickel PhdBoard Member
Shari RadfordBoard Member
Shannon YoungSecretary
Wayne WilleTreasurer
Pieter GrasskampVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$334,283
Program Service Revenue
$46,451
Investment Income
$-723
Other Revenue
$103,092
All Other Contributions
$136,028
Change in Net Assets
$-109,001

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,045
Salaries, Compensation, and Employee Benefits$288,059
Total Fundraising Expense$15,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,430$70,826$10,778$145,034
Current Officers, Directors, Trustees, and Key Employees$72,834$33,095$3,393$109,322
Depreciation Depletion$95,668--$95,668
Occupancy$41,953$6,830-$48,783
Payroll Taxes$11,366$10,003$1,364$22,733
Other Expenses$16,630--$16,630
Office Expenses$8,432$7,226-$15,658
Other Employee Benefits$8,228$2,413$329$10,970
All Other Expenses$8,644$1,109-$9,753
Insurance-$7,612-$7,612
Interest$1,544--$1,544
Fees for Services Other$1,200--$1,200
Total Functional Expenses$437,126$139,114$15,864$592,104
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,959
Fundraising Direct Expenses$13,480
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heritage Celebr$19,976$19,976$11,063$8,913
4th of July Cel$12,442$4,932$2,282$2,650
Total Events$32,418$24,908$13,345$11,563
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cvm Foundation Loan 2015$30,000
Cvm Foundation Loan 09$10,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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 6

The members contribute an annual membership fee which may vary in dollar amount, with the minimum membership fee being 30.

Form 990, Page 6, Part VI, Line 7A

The principal decision approved by members is the election of directors. There is one vote per membership, and voting occurs at the annual meeting. Members approve by law changes.

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

The return preparer emails a copy of the final version of form 990 to the executive director, who then emails a copy to all members of the governing body before it is filed with the irs. The executive director reviews form 990 with the governing body during a board meeting and approves the filing of form 990.

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

The ethics policy requires board and staff to report potential conflicts. The museum has implemented a written disclosure procedure.

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

The museum assembles comparability data from the mw museums salary study and ws department of labor. The board considers the data along with a proposed salary schedule for all positions. The museum salaries generally run at less than the first quartile of the mw study for the professional or between the first and second quartile.

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

The museum assembles comparability data from the american alliance of museums(aam) salary study, the wisconsin department of labor and other relevant sources. The board considers the data along with a proposed salary schedule for all positions. The museum salaries generally range between the 10th percentile and the median when compared to comparable organanizations in the recent aam study.

Form 990, Page 6, Part VI, Line 19

The museum makes copies of policies available upon request. As an aam- accredited museum, all of the policies have been submitted for professional review. The museum publishes an annual report each year with a financial statement included which is mailed to all members and is available to all others upon request.

Filing and Contact Details

Filer

Filer Name
Chippewa Valley Museum Inc
EIN
39-6092129
Phone
7158347871
Address
PO BOX 1204, EAU CLAIRE, WI 54702

Signing Officer

Name
Carrie Ronnander
Title
Executive Director
Phone
7158347871
Signed
2016-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carrie Ronnander
Formed
1964
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
14
Employees
13
Volunteers
329

Preparer

Firm
Bauman Associates Ltd
Address
PO BOX 1225, EAU CLAIRE, WI 54702-1225
Preparer
Samuel J Stagliano CPA
Phone
7158342001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Understanding the history of our community is basic to our democratic way of life, gives us a better understanding of our state and nation, and promotes a better appreciation of american heritage. In support of this belief, the chippewa valley museum discovers, collects, preserves, and interprets the history and culture of the chippewa valley and its people. In order to increase understanding of regional history, chippewa valley museum provides learning experiences for all ages as well as other related services and activities.

Form 990, Part XI, Line 9

Change in accounting method - section 481(a) adj 244,223

Form 990, Part XII

ACCRUAL BASIS

Form 990, Page 12, Part XII, Line 1

Chippewa valley museum switched from the modified cash basis to the accrual basis during the year.

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

The museum does not capitalize its collections. The collections are made up of artifacts of historical significance and art objects that are held for educational, research, and curatorial purposes. Each of the items is catalogued, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continually.

Schedule D, Page 2, Part III, Line 4

Chippewa valley museum (cvm) has a general historic object collection, archives, closed-stack library with primarily local history materials and two historic buildings. The number of objects at the end of fiscal year 2015 was 21,959. Cvm also maintains a city-owned one room school house (1882-1961). The objects and archival materials have a strong regional focus and local, documented stories. Significant sub-collections within the entire museum collection are the american indian, farming and farm life, folklore and folk arts, gilette uniroyal industry, hmong history and culture, logging and lumbering, schlegelmilch-barland family, and oral interview collections. Cvm is also the primary collector of photographs related to our region with more than 17,192 images dating from mid-19th century to the present (5,000 not documented). The archives have 3,961 catalogued documents (maps, posters, documents, manuscripts); 585 audio-visual records; and approximately 755 cubic feet of archival material (unpublished manuscripts, maps, paper collections, scrapbooks, published material).

Schedule D, Page 2, Part V, Line 4

The funds are used to develop and promotoe the chippewa valley museum (cvm) of eau claire, wisconsin, and to provide monies to advance the role of cvm in preserving the heritage of the chippewa valley, provide research facilities for local and area history, to aid in any way the preservation of the museum and to perform all acts in which the foundation shall deem to be in the interest of the museum.

Schedule D, Page 3, Part X

The museum has been granted tax exempt status under section 501(c)(3) of the internal revenue code and wisconsin statutes. The museum adopted financial accounting standards board (fasb) asc 740, accounting for uncertainty in income taxes on october 1, 2009. The museum will recognize any interest and penalties related to unrecognized benefits in income tax, if incurred. The museum's previous three tax years are open for examination by the internal revenue service.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.03$0.81$0.64$0.77$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.03$0.80$0.51$0.76$0.25
2022Detailed filing. Detailed filing data is available for this year.$0.96$0.03$0.93$0.61$0.59$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.03$0.90$0.63$0.55$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.07$0.83$0.43$0.49$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.88$0.45$0.49$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.04$0.92$0.42$0.53$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.03$1.02$0.37$0.52$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.02$1.18$0.48$0.50$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.06$1.19$0.48$0.59$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.04$1.06$0.75$0.70$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.07$1.01$0.68$0.75$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.05$1.08$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.06$1.15$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.06$1.18$0.64