Civic Intelligence

Rice County Historical Society

EIN 41-1432857 • 501(c)3 • Faribault, MN

Profile

Educating public on rice county history

1814 NW 2nd AveFaribault, MN 55021

rchistory.org

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

55th percentile

6.7%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $500k-$1M 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

53rd percentile

4.6%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-14%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$895,642

Up $39,522 (+4.6%) from 2023

Liabilities

Down

$2,217

Down $411 (-16%) from 2023

Net Assets

Up

$893,425

Up $39,933 (+4.7%) from 2023

Operations
Liabilities / Revenue46th percentileNet Margin55th percentile

Revenue

Down

$204,238

Down $33,389 (-14%) from 2023

Expenses

Up

$190,463

Up $7,574 (+4.1%) from 2023

Net Income

Down

$13,775

Down $40,963 (-75%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

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

$1.0M$500K$0-$500KAssets 2010: $421,344Liabilities 2010: $95Net Assets 2010: $421,2492010Assets 2011: $400,001Liabilities 2011: $20Net Assets 2011: $399,9812011Assets 2012: $415,028Liabilities 2012: $31Net Assets 2012: $414,9972012Assets 2013: $425,847Liabilities 2013: -$165Net Assets 2013: $426,0122013Assets 2014: $410,572Liabilities 2014: $7Net Assets 2014: $410,5652014Assets 2015: $408,608Liabilities 2015: $1,745Net Assets 2015: $406,8632015Assets 2016: $405,707Liabilities 2016: $4,484Net Assets 2016: $401,2232016Assets 2017: $432,701Liabilities 2017: $1,523Net Assets 2017: $431,1782017Assets 2018: $433,511Liabilities 2018: $1,612Net Assets 2018: $431,8992018Assets 2019: $549,647Liabilities 2019: $1,357Net Assets 2019: $548,2902019Assets 2020: $711,153Liabilities 2020: $2,115Net Assets 2020: $709,0382020Assets 2021: $775,817Liabilities 2021: $2,564Net Assets 2021: $773,2532021Assets 2022: $764,615Liabilities 2022: $2,512Net Assets 2022: $762,1032022Assets 2023: $856,120Liabilities 2023: $2,628Net Assets 2023: $853,4922023Assets 2024: $895,642Liabilities 2024: $2,217Net Assets 2024: $893,4252024

Highlighted filing

2024

Assets$895,642
Liabilities$2,217
Net Assets$893,425
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $117,4832010Expenses 2011: $101,1332011Expenses 2012: $105,6422012Revenue 2013: $101,051Expenses 2013: $110,520Net Income 2013: -$9,4692013Revenue 2014: $92,356Expenses 2014: $112,159Net Income 2014: -$19,8032014Revenue 2015: $121,001Expenses 2015: $117,696Net Income 2015: $3,3052015Revenue 2016: $114,403Expenses 2016: $129,476Net Income 2016: -$15,0732016Revenue 2017: $119,535Expenses 2017: $117,420Net Income 2017: $2,1152017Revenue 2018: $167,340Expenses 2018: $144,233Net Income 2018: $23,1072018Revenue 2019: $231,144Expenses 2019: $150,035Net Income 2019: $81,1092019Revenue 2020: $277,515Expenses 2020: $141,576Net Income 2020: $135,9392020Revenue 2021: $184,367Expenses 2021: $151,243Net Income 2021: $33,1242021Revenue 2022: $210,309Expenses 2022: $162,829Net Income 2022: $47,4802022Revenue 2023: $237,627Expenses 2023: $182,889Net Income 2023: $54,7382023Revenue 2024: $204,238Expenses 2024: $190,463Net Income 2024: $13,7752024

Highlighted filing

2024

Revenue$204,238
Expenses$190,463
Net Income$13,775
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$895,642
Liabilities
$2,217
Net assets
$893,425
Revenue
$204,238
Expenses
$190,463
Net income
$13,775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.96$0.02$8.93$2.04$1.90$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.56$0.03$8.53$2.38$1.83$0.55
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.65$0.03$7.62$2.10$1.63$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.76$0.03$7.73$1.84$1.51$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.11$0.02$7.09$2.78$1.42$1.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$0.01$5.48$2.31$1.50$0.81
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.34$0.02$4.32$1.67$1.44$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.33$0.02$4.31$1.20$1.17$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.06$0.04$4.01$1.14$1.29$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.02$4.07$1.21$1.18$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.11$0.00$4.11$0.92$1.12$0.20
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.26$0.00$4.26$1.01$1.11$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.00$4.15$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$0.00$4.00$1.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$0.00$4.21$1.17
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$220,854
Mission and Program Overview

Mission

Educating public on rice county history

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$443,572$410,600▼ $32,972
Land, Buildings, and Equipment, Net$231,846$282,108▲ $50,262
Cash and Non-Interest-Bearing Accounts$100,399$71,907▼ $28,492
Total Assets$775,817$764,615▼ $11,202
Liabilities
Accounts Payable and Accrued Expenses$2,564$2,512▼ $52
Total Liabilities$2,564$2,512▼ $52
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$773,253$762,103▼ $11,150
Total Net Assets Fund Balance$773,253$762,103▼ $11,150
Total Liabilities and Net Assets / Fund Balance$775,817$764,615▼ $11,202

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$180,123$167,407$347,530
Leasehold Improvements$20,047$250,945$270,992
Buildings$81,938$105,389$187,327
Equipment-$46,434$46,434
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brian SchmidtPresident
Amelia FordBoard
Andy EblingBoard
Charlene Erickson-knoxBoard
Charlotte JohnsonBoard
Dave MillerBoard
Don HoraBoard
Gary MogrenBoard
Leroy RockmanBoard
Luke SargentBoard
Marie TumaBoard
PAT O'CONNORBoard
Pat ChappuieBoard
Ron ParkerBoard
Peter Waldock1st Vice Pre
Pauline SchreiberSecretary
Dennis BlackerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$191,296
Program Service Revenue
$5,495
Investment Income
$8,418
Other Revenue
$5,100
All Other Contributions
$52,503
Change in Net Assets
$47,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,336
Salaries, Compensation, and Employee Benefits$77,493
Total Fundraising Expense$8,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$22,050$22,050$4,900$49,000
Depreciation Depletion$23,988--$23,988
Other Salaries and Wages$10,293$10,293$2,287$22,873
Occupancy$13,522$5,795-$19,317
Insurance$8,823$3,781-$12,604
All Other Expenses$7,909--$7,909
Office Expenses$5,258$1,473$328$7,059
Payroll Taxes$2,529$2,529$562$5,620
Other Expenses$2,544--$2,544
Fees for Services Accounting$890--$890
Conferences and Meetings$209--$209
Total Functional Expenses$108,831$45,921$8,077$162,829
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,369
Fundraising Direct Expenses$5,330
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

“Return reviewed at board meeting before filing”

Form 990, Page 6, Part VI, Line 19

“Documents made public upon request”

Filing and Contact Details

Filer

Filer Name
Rice County Historical Society
EIN
41-1432857
Phone
5073322121
Address
1814 NW 2ND AVE, FARIBAULT, MN 55021

Signing Officer

Name
Brian Schmidt
Title
President
Phone
5073322121
Signed
2023-11-10

Organization Details

Principal Officer
Brian Schmidt
Formed
1945
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
3
Volunteers
125

Preparer

Firm
Reese Winter & Associates Ltd
Address
407 NW 1ST AVE, FARIBAULT, MN 55021-5138
Preparer
Birgit M Feig CPA
Phone
5073342263
Raw XML AppendixShowing 400 of 450 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN REVIEWED AT BOARD MEETING BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS MADE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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