Civic Intelligence

Martin County Historical Society

EIN 41-0824189 • 501(c)3 • Fairmont, MN

Profile

To preserve and share the history of martin county by acquiring, conserving, appropriately displaying, and making it accessible for viewing, research, and educational purposes.

304 E Blue Earth AveFairmont, MN 56031

www.fairmont.org/MCHS

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

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 2025

Asset Growth

62nd percentile

8.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

94th percentile

172%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$2,803,568

Down $44,389 (-1.6%) from 2022

Liabilities

Down

$18,107

Down $7,202 (-28%) from 2022

Net Assets

Down

$2,785,461

Down $37,187 (-1.3%) from 2022

Operations
Liabilities / Revenue41st percentileNet Margin80th percentile

Revenue

Down

$259,355

Down $80,044 (-24%) from 2022

Expenses

Up

$314,722

Up $40,125 (+15%) from 2022

Net Income

Down

-$55,367

Down $120,169 (-185%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,590,996Liabilities 2011: $11,596Net Assets 2011: $1,579,4002011Assets 2012: $1,570,620Liabilities 2012: $10,500Net Assets 2012: $1,560,1202012Assets 2013: $1,539,509Liabilities 2013: $15,784Net Assets 2013: $1,523,7252013Assets 2014: $1,601,808Liabilities 2014: $31,966Net Assets 2014: $1,569,8422014Assets 2015: $1,510,561Liabilities 2015: $9,463Net Assets 2015: $1,501,0982015Assets 2016: $1,541,733Liabilities 2016: $5,874Net Assets 2016: $1,535,8592016Assets 2017: $1,578,490Liabilities 2017: $18,739Net Assets 2017: $1,559,7512017Assets 2018: $2,768,723Liabilities 2018: $11,132Net Assets 2018: $2,757,5912018Assets 2019: $2,753,201Liabilities 2019: $15,697Net Assets 2019: $2,737,5042019Assets 2020: $2,747,217Liabilities 2020: $20,207Net Assets 2020: $2,727,0102020Assets 2021: $3,073,198Liabilities 2021: $21,429Net Assets 2021: $3,051,7692021Assets 2022: $2,847,957Liabilities 2022: $25,309Net Assets 2022: $2,822,6482022Assets 2023: $2,803,568Liabilities 2023: $18,107Net Assets 2023: $2,785,4612023

Highlighted filing

2023

Assets$2,803,568
Liabilities$18,107
Net Assets$2,785,461
Open 2023 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $255,152Expenses 2011: $172,445Net Income 2011: $82,7072011Revenue 2012: $133,821Expenses 2012: $153,101Net Income 2012: -$19,2802012Revenue 2013: $127,338Expenses 2013: $163,733Net Income 2013: -$36,3952013Revenue 2014: $210,116Expenses 2014: $163,999Net Income 2014: $46,1172014Revenue 2015: $85,874Expenses 2015: $154,618Net Income 2015: -$68,7442015Revenue 2016: $194,790Expenses 2016: $160,029Net Income 2016: $34,7612016Revenue 2017: $186,838Expenses 2017: $162,946Net Income 2017: $23,8922017Revenue 2018: $1,354,404Expenses 2018: $171,489Net Income 2018: $1,182,9152018Revenue 2019: $196,145Expenses 2019: $216,232Net Income 2019: -$20,0872019Revenue 2020: $210,223Expenses 2020: $220,717Net Income 2020: -$10,4942020Revenue 2021: $301,595Expenses 2021: $210,053Net Income 2021: $91,5422021Revenue 2022: $339,399Expenses 2022: $274,597Net Income 2022: $64,8022022Revenue 2023: $259,355Expenses 2023: $314,722Net Income 2023: -$55,3672023

Highlighted filing

2023

Revenue$259,355
Expenses$314,722
Net Income-$55,367
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$2,803,568
Liabilities
$18,107
Net assets
$2,785,461
Revenue
$259,355
Expenses
$314,722
Net income
-$55,367
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.80$0.02$2.79$0.26$0.31$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.03$2.82$0.34$0.27$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.02$3.05$0.30$0.21$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.02$2.73$0.21$0.22$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.02$2.74$0.20$0.22$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.01$2.76$1.35$0.17$1.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.02$1.56$0.19$0.16$0.02
2016Summary only. Only limited summary data is available for this year.$1.54$0.01$1.54$0.19$0.16$0.03
2015Summary only. Only limited summary data is available for this year.$1.51$0.01$1.50$0.09$0.15$0.07
2014Summary only. Only limited summary data is available for this year.$1.60$0.03$1.57$0.21$0.16$0.05
2013Summary only. Only limited summary data is available for this year.$1.54$0.02$1.52$0.13$0.16$0.04
2012Summary only. Only limited summary data is available for this year.$1.57$0.01$1.56$0.13$0.15$0.02
2011Summary only. Only limited summary data is available for this year.$1.59$0.01$1.58$0.26$0.17$0.08
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Dec 6, 2021
Return Version
2020v4.0
Gross Receipts
$304,144
Mission and Program Overview

Mission

To preserve and share the history of martin county by acquiring, conserving, appropriately displaying, and making it accessible for viewing, research, and educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,756,716$2,181,405▲ $424,689
Land, Buildings, and Equipment, Net$730,869$683,652▼ $47,217
Savings and Temporary Cash Investments$136,228$116,786▼ $19,442
Cash and Non-Interest-Bearing Accounts$122,953$91,063▼ $31,890
Total Assets$2,747,217$3,073,198▲ $325,981
Other Assets Total$451$292▼ $159
Liabilities
Accounts Payable and Accrued Expenses$17,366$18,429▲ $1,063
Deferred Revenue$2,841$3,000▲ $159
Total Liabilities$20,207$21,429▲ $1,222
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,700,562$2,891,063▲ $190,501
Net Assets With Donor Restrictions$26,448$160,706▲ $134,258
Total Net Assets Fund Balance$2,727,010$3,051,769▲ $324,759
Total Liabilities and Net Assets / Fund Balance$2,747,217$3,073,198▲ $325,981

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$480,410$404,613$885,023
Other Land Buildings$155,885$67,411$223,296
Equipment$12,432$89,107$101,539
Land$34,925-$34,925

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,830,608$50,000▲ $291,245$72,000$2,099,853
2019$1,778,239-▲ $118,369$66,000$1,830,608
2018$1,743,226-▲ $87,013$52,000$1,778,239
2017$849,488$900,000▲ $34,538$40,800$1,743,226
2016$830,259-▲ $60,029$40,800$849,488
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Dan HamletPresident
Chris CarstensenDirector
Chris PierceDirector
Jen SaxenDirector
Kathy SmithDirector
Mary Jo MoltzenDirector
Rhonda RudolphSecretary
Liz WheelerTreasurer
Stephanie BusiahnVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$240,807
Program Service Revenue
$2,926
Investment Income
$59,651
Other Revenue
$-1,789
All Other Contributions
$195,661
Change in Net Assets
$91,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,737
Salaries, Compensation, and Employee Benefits$90,316
Total Fundraising Expense$829
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,790$12,316-$82,106
Depreciation Depletion$44,509$7,854-$52,363
Office Expenses$15,748$2,779-$18,527
Insurance$9,183$1,620-$10,803
Occupancy$7,551$1,332-$8,883
Payroll Taxes$6,978$1,232-$8,210
Fees for Services Accounting$1,047$5,933-$6,980
Advertising$2,677$473-$3,150
All Other Expenses$977$950-$1,927
Other Expenses$984$174$829$829
Total Functional Expenses$172,683$36,541$829$210,053
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,549
Fundraising Gross Income$710
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
Annual disclosure for covered persons
Yes
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
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

“Form 990 is available for the board to review before being filed.”

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

“The board reviews any potential conflicts of interest as they occur.”

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

“The governing board meets to evaluate employees and determine their salaries.”

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

“The governing board meets to evaluate employees and determine their salaries.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Martin County Historical Society
EIN
41-0824189
Phone
5072355178
Address
304 E BLUE EARTH AVE, FAIRMONT, MN 56031

Signing Officer

Name
Dan Hamlet
Title
President
Phone
5072359783
Signed
2021-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Hamlet
Formed
1954
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Erpelding Voigt & Co Llp
Address
1295 HWY 15 SOUTH, FAIRMONT, MN 56031
Preparer
Sarah L Gerhard
Phone
5072353377
Supplemental Narrative

Additional Explanations

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

“Education: students visit the pioneer museum annually to enage in educational activities relative to martin county history. Other visitors frequently utilize the research library to learn about relatives or individual interests. There are also occasional presentations by other organizations that are attended by local residents. Articles of historic pertinence to martin county are provided to the local newspapers and are published monthly. In addition, our website www.fairmont.org/mchs provides relevant information about the mchs as well as information about the history of martin county. The museum has approximately 2,500 total visitors annually, including visitors from many of the states and many foreign countries. Community building: power point and dvd presentations on various local historical topics including martin county military veteran's interviews are presented frequently. In addition, various community organizations periodically hold meetings, class reunions, and family reunions at the museum.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are set aside to pay for future improvements. The board has authorized 72,000 annually to be used for general operating expenses of the organization. Part iii, line 1a - terms for not reporting assets per sfas 116 the organization 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 cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are preformed continuously. Each item is approved by the board of directors before being included in the collection. Part iii, line 4 - collections and relation to exempt purpose the collections, which were acquired through contributions since the organization's inception, are made up of artifacts of historical significance and art objects that are held for educational, research and curatorial purpose.”

Raw XML AppendixShowing 400 of 438 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/Desc0EDUCATION: STUDENTS VISIT THE PIONEER MUSEUM ANNUALLY TO ENAGE IN EDUCATIONAL ACTIVITIES RELATIVE TO MARTIN COUNTY HISTORY. OTHER VISITORS FREQUENTLY UTILIZE THE RESEARCH LIBRARY TO LEARN ABOUT RELATIVES OR INDIVIDUAL INTERESTS. THERE ARE ALSO OCCASIONAL PRESENTATIONS BY OTHER ORGANIZATIONS THAT ARE ATTENDED BY LOCAL RESIDENTS. ARTICLES OF HISTORIC PERTINENCE TO MARTIN COUNTY ARE PROVIDED TO THE LOCAL NEWSPAPERS AND ARE PUBLISHED MONTHLY. IN ADDITION, OUR WEBSITE WWW.FAIRMONT.ORG/MCHS PROVIDES RELEVANT INFORMATION ABOUT THE MCHS AS WELL AS INFORMATION ABOUT THE HISTORY OF MARTIN COUNTY. THE MUSEUM HAS APPROXIMATELY 2,500 TOTAL VISITORS ANNUALLY, INCLUDING VISITORS FROM MANY OF THE STATES AND MANY FOREIGN COUNTRIES. COMMUNITY BUILDING: POWER POINT AND DVD PRESENTATIONS ON VARIOUS LOCAL HISTORICAL TOPICS INCLUDING MARTIN COUNTY MILITARY VETERAN'S INTERVIEWS ARE PRESENTED FREQUENTLY. IN ADDITION, VARIOUS COMMUNITY ORGANIZATIONS PERIODICALLY HOLD MEETINGS, CLASS REUNIONS, AND FAMILY REUNIONS AT THE MUSEUM.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE SET ASIDE TO PAY FOR FUTURE IMPROVEMENTS. THE BOARD HAS AUTHORIZED 72,000 ANNUALLY TO BE USED FOR GENERAL OPERATING EXPENSES OF THE ORGANIZATION. PART III, LINE 1A - TERMS FOR NOT REPORTING ASSETS PER SFAS 116 THE ORGANIZATION 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 CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PREFORMED CONTINUOUSLY. EACH ITEM IS APPROVED BY THE BOARD OF DIRECTORS BEFORE BEING INCLUDED IN THE COLLECTION. PART III, LINE 4 - COLLECTIONS AND RELATION TO EXEMPT PURPOSE THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EDUCATION: STUDENTS VISIT THE PIONEER MUSEUM ANNUALLY TO ENAGE IN EDUCATIONAL ACTIVITIES RELATIVE TO MARTIN COUNTY HISTORY. OTHER VISITORS FREQUENTLY UTILIZE THE RESEARCH LIBRARY TO LEARN ABOUT RELATIVES OR INDIVIDUAL INTERESTS. THERE ARE ALSO OCCASIONAL PRESENTATIONS BY OTHER ORGANIZATIONS THAT ARE ATTENDED BY LOCAL RESIDENTS. ARTICLES OF HISTORIC PERTINENCE TO MARTIN COUNTY ARE PROVIDED TO THE LOCAL NEWSPAPERS AND ARE PUBLISHED MONTHLY. IN ADDITION, OUR WEBSITE WWW.FAIRMONT.ORG/MCHS PROVIDES RELEVANT INFORMATION ABOUT THE MCHS AS WELL AS INFORMATION ABOUT THE HISTORY OF MARTIN COUNTY. THE MUSEUM HAS APPROXIMATELY 2,500 TOTAL VISITORS ANNUALLY, INCLUDING VISITORS FROM MANY OF THE STATES AND MANY FOREIGN COUNTRIES. COMMUNITY BUILDING: POWER POINT AND DVD PRESENTATIONS ON VARIOUS LOCAL HISTORICAL TOPICS INCLUDING MARTIN COUNTY MILITARY VETERAN'S INTERVIEWS ARE PRESENTED FREQUENTLY. IN ADDITION, VARIOUS COMMUNITY ORGANIZATIONS PERIODICALLY HOLD MEETINGS, CLASS REUNIONS, AND FAMILY REUNIONS AT THE MUSEUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS AVAILABLE FOR THE BOARD TO REVIEW BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS ANY POTENTIAL CONFLICTS OF INTEREST AS THEY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD MEETS TO EVALUATE EMPLOYEES AND DETERMINE THEIR SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BOARD MEETS TO EVALUATE EMPLOYEES AND DETERMINE THEIR SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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