Civic Intelligence

Pavek Museum

EIN 41-1573809 • 501(c)3 • St Louis Park, MN

View Organization Page

Profile

To share, inspire, and preserve electronic communications through education with a historically significant, permanent, and living repository.

3515-17 Raleigh AvenueSt Louis Park, MN 55416

www.pavekmuseum.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

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

Liabilities / Revenue

52nd percentile

0.08x

Higher debt load relative to revenue than 52% of similar nonprofits.

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

Net Margin

4th percentile

-95%

Higher net margin than 4% 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

20th percentile

-7.1%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

71st percentile

25%

Faster revenue growth than 71% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$4,180,938

Down $317,499 (-7.1%) from 2023

Liabilities

Down

$47,410

Down $14,664 (-24%) from 2023

Net Assets

Down

$4,133,528

Down $302,835 (-6.8%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin4th percentile

Revenue

Up

$569,519

Up $112,929 (+25%) from 2023

Expenses

Up

$1,111,693

Up $39,539 (+3.7%) from 2023

Net Income

Up

-$542,174

Up $73,390 (+12%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,519,254Liabilities 2010: $15,691Net Assets 2010: $1,503,5632010Assets 2011: $1,375,704Liabilities 2011: $15,471Net Assets 2011: $1,360,2332011Assets 2012: $1,426,479Liabilities 2012: $16,329Net Assets 2012: $1,410,1502012Assets 2013: $1,402,551Liabilities 2013: $16,777Net Assets 2013: $1,385,7742013Assets 2014: $1,431,266Liabilities 2014: $27,843Net Assets 2014: $1,403,4232014Assets 2015: $1,891,674Liabilities 2015: $13,323Net Assets 2015: $1,878,3512015Assets 2016: $1,815,842Liabilities 2016: $36,587Net Assets 2016: $1,779,2552016Assets 2017: $1,641,808Liabilities 2017: $17,075Net Assets 2017: $1,624,7332017Assets 2018: $1,529,193Liabilities 2018: $20,269Net Assets 2018: $1,508,9242018Assets 2019: $5,500,235Liabilities 2019: $27,671Net Assets 2019: $5,472,5642019Assets 2020: $5,968,706Liabilities 2020: $67,998Net Assets 2020: $5,900,7082020Assets 2021: $6,139,052Liabilities 2021: $105,240Net Assets 2021: $6,033,8122021Assets 2022: $4,972,759Liabilities 2022: $44,689Net Assets 2022: $4,928,0702022Assets 2023: $4,498,437Liabilities 2023: $62,074Net Assets 2023: $4,436,3632023Assets 2024: $4,180,938Liabilities 2024: $47,410Net Assets 2024: $4,133,5282024

Highlighted filing

2024

Assets$4,180,938
Liabilities$47,410
Net Assets$4,133,528
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $193,346Expenses 2010: $433,563Net Income 2010: -$240,2172010Revenue 2011: $247,506Expenses 2011: $390,836Net Income 2011: -$143,3302011Revenue 2012: $409,857Expenses 2012: $359,940Net Income 2012: $49,9172012Revenue 2013: $378,029Expenses 2013: $395,993Net Income 2013: -$17,9642013Revenue 2014: $375,088Expenses 2014: $357,439Net Income 2014: $17,6492014Revenue 2015: $844,898Expenses 2015: $369,970Net Income 2015: $474,9282015Revenue 2016: $323,291Expenses 2016: $422,387Net Income 2016: -$99,0962016Revenue 2017: $353,290Expenses 2017: $507,812Net Income 2017: -$154,5222017Revenue 2018: $351,429Expenses 2018: $467,238Net Income 2018: -$115,8092018Revenue 2019: $4,524,039Expenses 2019: $560,445Net Income 2019: $3,963,5942019Revenue 2020: $541,510Expenses 2020: $668,971Net Income 2020: -$127,4612020Revenue 2021: $709,013Expenses 2021: $835,208Net Income 2021: -$126,1952021Revenue 2022: $497,954Expenses 2022: $958,839Net Income 2022: -$460,8852022Revenue 2023: $456,590Expenses 2023: $1,072,154Net Income 2023: -$615,5642023Revenue 2024: $569,519Expenses 2024: $1,111,693Net Income 2024: -$542,1742024

Highlighted filing

2024

Revenue$569,519
Expenses$1,111,693
Net Income-$542,174
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
$4,180,938
Liabilities
$47,410
Net assets
$4,133,528
Revenue
$569,519
Expenses
$1,111,693
Net income
-$542,174
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.18$0.05$4.13$0.57$1.11$0.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.50$0.06$4.44$0.46$1.07$0.62
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.04$4.93$0.50$0.96$0.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.14$0.11$6.03$0.71$0.84$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.97$0.07$5.90$0.54$0.67$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$0.03$5.47$4.52$0.56$3.96
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.02$1.51$0.35$0.47$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.02$1.62$0.35$0.51$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.04$1.78$0.32$0.42$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.01$1.88$0.84$0.37$0.47
2014Summary only. Only limited summary data is available for this year.$1.43$0.03$1.40$0.38$0.36$0.02
2013Summary only. Only limited summary data is available for this year.$1.40$0.02$1.39$0.38$0.40$0.02
2012Summary only. Only limited summary data is available for this year.$1.43$0.02$1.41$0.41$0.36$0.05
2011Summary only. Only limited summary data is available for this year.$1.38$0.02$1.36$0.25$0.39$0.14
2010Summary only. Only limited summary data is available for this year.$1.52$0.02$1.50$0.19$0.43$0.24
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 13, 2023
Return Version
2022v5.0
Gross Receipts
$1,460,084
Mission and Program Overview

Mission

To share how pioneers in electronic communications created enormous impacts on the evolution of society, to inspire in people a passion to make contributions to our quality of life through science and the communication arts & to preserve the rich mosaic of the development of electronic communications through a historically significant, permanent, and living repository.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$3,066,138-
Land, Buildings, and Equipment, Net$1,674,990$1,516,940▼ $158,050
Savings and Temporary Cash Investments$4,077,563$90,029▼ $3,987,534
Cash and Non-Interest-Bearing Accounts$120,330$14,812▼ $105,518
Accounts Receivable$10,000$0▼ $10,000
Inventories for Sale or Use$6,882$7,063▲ $181
Prepaid Expenses and Deferred Charges$5,834$6,134▲ $300
Total Assets$6,139,052$4,972,759▼ $1,166,293
Other Assets Total$243,453$271,643▲ $28,190
Liabilities
Accounts Payable and Accrued Expenses$104,510$24,773▼ $79,737
Other Liabilities$0$19,916▲ $19,916
Deferred Revenue$730$0▼ $730
Total Liabilities$105,240$44,689▼ $60,551
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,965,104$4,920,260▼ $1,044,844
Net Assets With Donor Restrictions$68,708$7,810▼ $60,898
Total Net Assets Fund Balance$6,033,812$4,928,070▼ $1,105,742
Total Liabilities and Net Assets / Fund Balance$6,139,052$4,972,759▼ $1,166,293

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,401,076$777,972$2,179,048
Equipment$40,864$63,088$103,952
Land$75,000-$75,000
Other Assets Org$19,540--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Jeffrey T BakkenChair
Dan SeemanDirector
Ed De La HuntDirector
Elizabeth a AmbroseDirector
Georgine L BuschDirector
Jim Du BoisDirector
Mark DurenbergDirector
Pat GeartyDirector
Sandy EllisDirector
Steve LinderDirector
Tom GavarasDirector
Tom OszmanDirector
Wayne EddyDirector
Steve WoodburySecretary
Erin BakkenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$383,025
Program Service Revenue
$30,952
Investment Income
$63,062
Other Revenue
$20,915
All Other Contributions
$383,025
Change in Net Assets
$-460,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$497,954
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-644,786
Total Revenue per Audited Statements
$-146,832
Total Revenue per Form 990
$497,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$528,002
Other Expenses$430,837
Total Fundraising Expense$86,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,252$64,768$64,768$431,788
Depreciation Depletion$181,297$20,144-$201,441
Other Employee Benefits$31,672$6,787$6,787$45,246
Payroll Taxes$24,135$5,171$5,172$34,478
All Other Expenses$23,555$5,629$2,913$32,097
Office Expenses-$26,078-$26,078
Fees for Services Other$3,037$13,099$2,848$18,984
Other Expenses$17,037$17,357-$17,037
Pension Plan Contributions$11,543$2,473$2,474$16,490
Insurance$9,299$1,033-$10,332
Fees for Services Accounting$1,604$6,917$1,504$10,025
Advertising-$9,768-$9,768
Interest$1,734--$1,734
Total Functional Expenses$684,550$187,823$86,466$958,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$958,839
Total Expenses per Form 990$958,839
Total Expenses per Audited Statements$958,385
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-454
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,500
Fundraising Direct Expenses$16,903
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
Operating Lease Liability$19,916
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Part VI, Section A, Line 2

“The board chair, jeffrey bakken, and treasurer erin bakken have a family relationship.”

Form 990, Part VI, Section A, Line 4

“Since the last 990 was filed we updated the governing bylaws to show the corporate office address as 3517 raleigh ave., st. Louis park, mn 55416, established board director terms (no term limits), established two standing board committees: governance and finance, stated "written notice" may be by electronic means and updated corporation officers/roles and more clearly defined officers' responsibilities: - established an officer role of president to serve as chief executive officer of the corporation and defined this person as a paid employee with executive authority - established a vice-chair role to act in the absence of the chair we also updated our articles of incorporation to show the updated corporate office address as 3517 raleigh ave., st. Louis park, mn 55416, updated museum "purposes" since the previous "purposes" were obsolete, established two classes of members: 1. Members with voting rights - sole responsibility to add/remove board members and members with voting rights and approve bylaws changes along w/ board 2. Members without voting rights - this term allows us to call people who join the organization "members" for marketing purposes and the purposes of changing "sponsorship" to "membership" -we were using the label "sponsor" for these people. -we were not able to use the industry-standard label "member" for these people. -these members have no voting rights or role in the conduct of the corporation.”

Form 990, Part VI, Section A, Line 7A

“The firm has a body of members whose sole function is to appoint and remove directors.”

Form 990, Part VI, Section B, Line 11B

“Executive director reviews the 990 along with the board chair and the treasurer prior to filing”

Form 990, Part VI, Section B, Line 15

“Annual reviews are completed with consideration of accomplishments of personal and business goals the executive director prepares a report to the board chair and treasurer for review and approval of staff salaries”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Pavek Museum of Broadcasting
EIN
41-1573809
Phone
9529268198
Address
3515-17 RALEIGH AVENUE, ST LOUIS PARK, MN 55416

Signing Officer

Name
Gwendolen Nystrom
Title
President and CEO
Phone
9529268198
Signed
2023-11-13

Organization Details

Principal Officer
Gwendolen Nystrom
Formed
1986
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
11
Volunteers
0

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Adam Kellerhals
Phone
9529201455
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Right of use asset restatement -525.”

Financial Statement Notes

PART III, LINE 4:

“The organization's collection is comprised of various antique wireless radio and broadcasting equipment.”

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. As a result, the organization does not pay federal income tax. Therefore, no provision or liability for federal income taxes has been included in the financial statements. Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. The organization's federal income tax returns are subject to examination by the irs, generally for three years after they were filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 16,903. Investment expenses -17,357.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 16,903. Investment expenses -17,357.”

Raw XML AppendixShowing 400 of 537 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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0OPENED IN 1988, THE PAVEK MUSEUM IS AN ORGANIZATION THAT AIMS TO PRESERVE THE HISTORY OF ELECTRONIC COMMUNICATION AND PROVIDES A LEARNING ENVIRONMENT FOR THOSE INTERESTED IN THE SCIENCE OF ELECTROMAGNETISM AND SOUND. IT IS OPEN TO THE GENERAL PUBLIC WEDNESDAYS THROUGH SATURDAYS 10:00AM - 5:00PM. IT BOASTS A LARGE PERMANENT COLLECTION OF ELECTRONIC COMMUNICATION DEVICES, AUDIO, AND BROADCAST EQUIPMENT THAT CAN BE VIEWED BY THE GENERAL PUBLIC IN THE EXHIBIT HALLS. THE MUSEUM ALSO HAS A SMALL TEMPORARY EXHIBIT SPACE, WHICH IS ROTATED QUARTERLY, DESIGNED TO PROVIDE THE PUBLIC WITH A NEW EXPERIENCE EACH VISIT. IN ADDITION TO PUBLIC WALK-IN VISITS, THE MUSEUM HAS WELCOMED OVER 100,000 SCHOOL STUDENTS AND CONTINUES TO HOST FIELDTRIPS FOR LOCAL SCHOOLS. THE MUSEUM'S EDUCATIONAL PROGRAMS INCLUDE THE BROADCAST WORKSHOP, ELECTROMAGNETISM WORKSHOP, AND SPY RADIO SUMMER CAMP. ALONG WITH SCHOOL-AGED PROGRAMS, THE MUSEUM HAS DEVELOPED ADULT EDUCATION COURSES FOCUSED ON ELECTRONICS REPAIR AND RELATED SKILLS. IN 2022, THE MUSEUM LAUNCHED A FORMAL VOLUNTEER PROGRAM IN WHICH VOLUNTEERS ASSIST WITH EDUCATION PROGRAMS, ARTIFACT COLLECTIONS, EVENTS, AND OTHER SKILLS-BASED PROJECTS. THE MUSEUM PROVIDES GUIDED TOURS FOR STUDENTS OF ALL AGES, ADULTS, AND SENIORS. PAVEK STAFF MEMBERS ARE ENGAGED IN OUTREACH ACTIVITIES GIVING PRESENTATIONS AT CONFERENCES AND TO INTERESTED GROUPS AND FORGING COMMUNITY PARTNERSHIPS TO RAISE AWARENESS OF THE MUSEUM. THE PAVEK MUSEUM IS HOME TO THE MINNESOTA BROADCASTERS HALL OF FAME, VIEWABLE DURING OPEN HOURS, WHICH HONORS THE INDUSTRY'S SKILLED INDIVIDUALS AND PRESERVES THEIR LEGACY.
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