Civic Intelligence

Northfield Historical Society Inc

EIN 41-1270991 • 501(c)3 • Northfield, MN

Profile

The purpose of the northfield historical society is to connect individuals to the history of the northfield area by collecting, preserving, and sharing its unique stories.

408 Division Street SNorthfield, MN 55057

www.northfieldhistory.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.03x

Higher debt load relative to assets than 43% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.16x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

10th percentile

-31%

Higher net margin than 10% 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

21st percentile

-6.2%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$1,175,641

Down $78,062 (-6.2%) from 2023

Liabilities

Down

$39,946

Down $3,620 (-8.3%) from 2023

Net Assets

Down

$1,135,695

Down $74,442 (-6.2%) from 2023

Operations
Liabilities / Revenue63rd percentileNet Margin10th percentile

Revenue

Up

$242,692

Up $37,719 (+18%) from 2023

Expenses

Up

$317,134

Up $10,650 (+3.5%) from 2023

Net Income

Up

-$74,442

Up $27,069 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,579,845Liabilities 2011: $222,616Net Assets 2011: $1,357,2292011Assets 2012: $1,550,082Liabilities 2012: $197,278Net Assets 2012: $1,352,8042012Assets 2013: $1,679,844Liabilities 2013: $162,042Net Assets 2013: $1,517,8022013Assets 2014: $1,594,117Liabilities 2014: $132,119Net Assets 2014: $1,461,9982014Assets 2015: $1,646,833Liabilities 2015: $131,824Net Assets 2015: $1,515,0092015Assets 2016: $1,453,568Liabilities 2016: $113,454Net Assets 2016: $1,340,1142016Assets 2017: $1,446,980Liabilities 2017: $103,903Net Assets 2017: $1,343,0772017Assets 2018: $1,416,962Liabilities 2018: $91,051Net Assets 2018: $1,325,9112018Assets 2019: $1,403,484Liabilities 2019: $78,577Net Assets 2019: $1,324,9072019Assets 2020: $1,458,280Liabilities 2020: $68,373Net Assets 2020: $1,389,9072020Assets 2021: $1,428,981Liabilities 2021: $74,502Net Assets 2021: $1,354,4792021Assets 2022: $1,368,724Liabilities 2022: $57,076Net Assets 2022: $1,311,6482022Assets 2023: $1,253,703Liabilities 2023: $43,566Net Assets 2023: $1,210,1372023Assets 2024: $1,175,641Liabilities 2024: $39,946Net Assets 2024: $1,135,6952024

Highlighted filing

2024

Assets$1,175,641
Liabilities$39,946
Net Assets$1,135,695
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

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

$400K$200K$0-$200KRevenue 2011: $354,386Expenses 2011: $196,102Net Income 2011: $158,2842011Revenue 2012: $202,609Expenses 2012: $219,803Net Income 2012: -$17,1942012Revenue 2013: $388,955Expenses 2013: $244,033Net Income 2013: $144,9222013Revenue 2014: $237,719Expenses 2014: $300,429Net Income 2014: -$62,7102014Revenue 2015: $350,032Expenses 2015: $295,010Net Income 2015: $55,0222015Revenue 2016: $305,034Expenses 2016: $267,520Net Income 2016: $37,5142016Revenue 2017: $222,309Expenses 2017: $242,404Net Income 2017: -$20,0952017Revenue 2018: $224,895Expenses 2018: $222,092Net Income 2018: $2,8032018Revenue 2019: $209,552Expenses 2019: $238,756Net Income 2019: -$29,2042019Revenue 2020: $225,924Expenses 2020: $221,698Net Income 2020: $4,2262020Revenue 2021: $239,730Expenses 2021: $295,063Net Income 2021: -$55,3332021Revenue 2022: $220,883Expenses 2022: $263,948Net Income 2022: -$43,0652022Revenue 2023: $204,973Expenses 2023: $306,484Net Income 2023: -$101,5112023Revenue 2024: $242,692Expenses 2024: $317,134Net Income 2024: -$74,4422024

Highlighted filing

2024

Revenue$242,692
Expenses$317,134
Net Income-$74,442
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,175,641
Liabilities
$39,946
Net assets
$1,135,695
Revenue
$242,692
Expenses
$317,134
Net income
-$74,442
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.04$1.14$0.24$0.32$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.04$1.21$0.20$0.31$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.37$0.06$1.31$0.22$0.26$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.43$0.07$1.35$0.24$0.30$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.07$1.39$0.23$0.22$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.08$1.32$0.21$0.24$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.42$0.09$1.33$0.22$0.22$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.10$1.34$0.22$0.24$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.11$1.34$0.31$0.27$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.65$0.13$1.52$0.35$0.30$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.59$0.13$1.46$0.24$0.30$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.68$0.16$1.52$0.39$0.24$0.14
2012Summary only. Only limited summary data is available for this year.$1.55$0.20$1.35$0.20$0.22$0.02
2011Summary only. Only limited summary data is available for this year.$1.58$0.22$1.36$0.35$0.20$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.0
Gross Receipts
$291,313
Mission and Program Overview

Mission

The purpose of the northfield historical society is to stimulate interest in and understanding of local history through society sponsorship of clubs, educational programs, and special events to bring about the increased involvement of local organizations and citizens of all ages. The northfield historical society collects, preserves and interprets objects, documents and events representative of the history and material culture of the northfield area including, but not limited to, restoration and preservation of the scriver building.

The purpose of the northfield historical society is to connect individuals to the history of the northfield area by collecting, preserving, and sharing its unique stories.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$762,205$729,514▼ $32,691
Investments in Publicly Traded Securities$384,328$411,228▲ $26,900
Cash and Non-Interest-Bearing Accounts$67,474$29,730▼ $37,744
Inventories for Sale or Use$39,571$3,728▼ $35,843
Savings and Temporary Cash Investments$125$1,441▲ $1,316
Total Assets$1,253,703$1,175,641▼ $78,062
Liabilities
Other Liabilities$23,067$25,899▲ $2,832
Mortgage Notes Payable Secured by Investment Property$19,283$13,088▼ $6,195
Deferred Revenue-$624-
Accounts Payable and Accrued Expenses$1,216$335▼ $881
Total Liabilities$43,566$39,946▼ $3,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,210,137$964,513▼ $245,624
Net Assets With Donor Restrictions-$171,182-
Total Net Assets Fund Balance$1,210,137$1,135,695▼ $74,442
Total Liabilities and Net Assets / Fund Balance$1,253,703$1,175,641▼ $78,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$682,312$715,048$1,350,804
Leasehold Improvements$27,616$14,870$42,486
Equipment-$19,632$19,632
Land$18,750-$18,750
Other Land Buildings$836$8,283$9,119

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$384,328-▲ $26,900-$411,228
2023$362,688-▲ $21,640-$384,328
2022$387,435-▲ $4,411-$362,688
2021$362,609-▲ $32,715-$387,435
2020$342,192-▲ $29,581-$362,609
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Aaron StreetPresident
Dick WatersBoard Member
Jake OdellBoard Member
Jim NoonanBoard Member
Julia TassavaBoard Member
Kosmo EsplanBoard Member
Rae MusicantBoard Member
Rylie ShockBoard Member
Sara HoffmanBoard Member
Sarah KennedyBoard Member
Alyssa NessSecretary
David MuchaTreasurer
Mark HeimanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$141,345
Program Service Revenue
$46,055
Investment Income
$8,821
Other Revenue
$46,471
All Other Contributions
$105,345
Change in Net Assets
$-74,442

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$170,106
Salaries, Compensation, and Employee Benefits$147,028
Total Fundraising Expense$35,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,512$46,737$33,330$136,579
Depreciation Depletion$31,444--$31,444
Fees for Services Accounting-$27,254-$27,254
Occupancy$16,463$9,877-$26,340
Insurance$7,077$4,246-$11,323
Payroll Taxes$4,323$3,576$2,550$10,449
Advertising$7,700$865-$8,565
All Other Expenses$2,684$2,098-$4,782
Other Expenses$2,230$4,589-$4,589
Information Technology-$1,398-$1,398
Office Expenses$581$581-$1,162
Interest-$963-$963
Fees for Services Other$202--$202
Total Functional Expenses$168,695$112,559$35,880$317,134
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Elan Financial Credit Cards$19,746
Payroll Liability$3,116
Damage Deposits$2,730
Sales Tax Payable$307
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“Members elect board of directors”

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

“Membership votes on any changes in by-laws.”

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

“The executive director is responsible for approving the form 990, filing, and for presenting it to the board of directors.”

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

“The board of directors reviews compensation for the executive director.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon request to the executive director.”

Filing and Contact Details

Filer

Filer Name
Northfield Historical Society Inc
EIN
41-1270991
Phone
5076459268
Address
408 DIVISION STREET S, NORTHFIELD, MN 55057

Signing Officer

Name
Sean Allen
Title
Executive Director
Phone
5076459268
Signed
2025-11-07

Organization Details

Principal Officer
Aaron Street
Formed
1975
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
14
Volunteers
40

Preparer

Firm
Reese Winter & Associates Ltd
Address
112 W 5TH ST, NORTHFIELD, MN 55057-2006
Preparer
Nicholas Nordstrom CPA
Phone
5076454473
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers monitor the museum store, lead visitors through the museum, interpret history, research, organize the collections, and provide administrative assistance.”

Raw XML AppendixShowing 400 of 510 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/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
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IRS990/MissionDesc0THE PURPOSE OF THE NORTHFIELD HISTORICAL SOCIETY IS TO CONNECT INDIVIDUALS TO THE HISTORY OF THE NORTHFIELD AREA BY COLLECTING, PRESERVING, AND SHARING ITS UNIQUE STORIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0WORK WITH TWO OTHER ORGANIZATIONS TO INCREASE THE VISIBILITY AND ACCESSIBILITY OF THE HISTORY OF NORTHFIELD THROUGH AN ON-LINE REPOSITORY OF INFORMATION. LED NINE COMMUNITY-WIDE EDUCATIONAL AND COMMUNITY-BUILDING EVENTS.
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027616
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