Civic Intelligence

Pavek Museum

990 • Fiscal year 2019 • EIN 41-1573809

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 21, 2020

Organization ProfileWWW.MUSEUMOFBROADCASTING.ORG

View Organization Page

3515-17 Raleigh AvenueSt Louis Park, MN 55416

(952) 926-8198

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

98th percentile

88%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

99th percentile

260%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

1187%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$5,500,235

Up $3,971,042 (+260%) from 2018

Net Assets

Up

$5,472,564

Up $3,963,640 (+263%) from 2018

Liabilities

Up

$27,671

Up $7,402 (+37%) from 2018

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin98th percentile

Revenue

Up

$4,524,039

Up $4,172,610 (+1187%) from 2018

Expenses

Up

$560,445

Up $93,207 (+20%) from 2018

Net Income

Up

$3,963,594

Up $4,079,403 (+3523%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$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

2019

Assets$5,500,235
Liabilities$27,671
Net Assets$5,472,564
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$4,524,039
Expenses$560,445
Net Income$3,963,594
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 21, 2020
Return Version
2019v5.1
Gross Receipts
$4,534,338
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.

To bring to the community at large a broader knowledge of how pioneers in electronic communications created enormous impact on evolution of society, and to stimulate in young people a new recognition of the practical andreal contributions to our quality of life that exploring science and the communication arts can bring, and to provide a permanent and living repository for the preservation of historically significant apparatus, material and documents relating to the rich mosaic of the development of electronic communications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$375,978$4,139,686▲ $3,763,708
Land, Buildings, and Equipment, Net$665,929$780,674▲ $114,745
Cash and Non-Interest-Bearing Accounts$239,298$334,756▲ $95,458
Prepaid Expenses and Deferred Charges$8,748$6,446▼ $2,302
Inventories for Sale or Use$2,884$2,644▼ $240
Accounts Receivable$1,089$762▼ $327
Total Assets$1,529,193$5,500,235▲ $3,971,042
Other Assets Total$235,267$235,267→ $0
Liabilities
Accounts Payable and Accrued Expenses$20,269$27,671▲ $7,402
Total Liabilities$20,269$27,671▲ $7,402
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,439,896$5,403,683▲ $3,963,787
Net Assets With Donor Restrictions$69,028$68,881▼ $147
Total Net Assets Fund Balance$1,508,924$5,472,564▲ $3,963,640
Total Liabilities and Net Assets / Fund Balance$1,529,193$5,500,235▲ $3,971,042

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$657,659$494,037$1,151,696
Equipment$48,015$29,764$77,779
Land$75,000-$75,000
Compensation and Service Providers
Top Officer Pay21st 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
Paul HedbergDirector
Richard a SalitermanDirector
Sandy EllisDirector
Steve LinderDirector
Tom GavarasDirector
Tom OszmanDirector
Wayne EddyDirector
Steve WoodburySecretary
Erin BakkenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,450,938
Program Service Revenue
$25,054
Investment Income
$12,302
Other Revenue
$35,745
All Other Contributions
$4,450,938
Change in Net Assets
$3,963,594

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,524,039
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$10,299
Total Revenue per Audited Statements
$4,534,338
Total Revenue per Form 990
$4,524,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$353,362
Other Expenses$207,083
Total Fundraising Expense$57,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$201,132$43,100$43,100$287,332
Depreciation Depletion$68,261$7,585-$75,846
Other Employee Benefits$26,436$5,665$5,665$37,766
Payroll Taxes$16,082$3,446$3,446$22,974
Fees for Services Other$2,594$11,187$2,432$16,213
All Other Expenses$9,288$3,895$1,376$14,559
Office Expenses-$11,618-$11,618
Insurance$10,310$1,146-$11,456
Other Expenses$8,568$2,255-$8,568
Fees for Services Accounting$1,072$4,623$1,005$6,700
Pension Plan Contributions$3,703$793$794$5,290
Advertising-$4,080-$4,080
Total Functional Expenses$400,976$101,651$57,818$560,445

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$570,744
Expenses per Audited Statements$560,445
Total Expenses per Form 990$560,445
Expenses Not Reported on Form 990$10,299
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,850
Fundraising Direct Expenses$10,299
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
Audit committee
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 2

“The board chair, jeffrey bakken, director earl bakken and director erin bakken have a family relationship”

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

“Associate 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 associate 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
Jeffrey T Bakken
Title
Board Chair
Phone
9522491483
Signed
2020-09-21

Organization Details

Principal Officer
Jeffrey T Bakken
Formed
1986
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
8
Volunteers
10

Preparer

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

Financial Statement Notes

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 10,299.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 10,299.”

Raw XML AppendixShowing 400 of 514 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/MissionDesc0TO BRING TO THE COMMUNITY AT LARGE A BROADER KNOWLEDGE OF HOW PIONEERS IN ELECTRONIC COMMUNICATIONS CREATED ENORMOUS IMPACT ON EVOLUTION OF SOCIETY, AND TO STIMULATE IN YOUNG PEOPLE A NEW RECOGNITION OF THE PRACTICAL ANDREAL CONTRIBUTIONS TO OUR QUALITY OF LIFE THAT EXPLORING SCIENCE AND THE COMMUNICATION ARTS CAN BRING, AND TO PROVIDE A PERMANENT AND LIVING REPOSITORY FOR THE PRESERVATION OF HISTORICALLY SIGNIFICANT APPARATUS, MATERIAL AND DOCUMENTS RELATING TO THE RICH MOSAIC OF THE DEVELOPMENT OF ELECTRONIC COMMUNICATIONS.
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IRS990/OtherRevenueTotalAmt028311
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0287332
IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03446
IRS990/PayrollTaxesGrp/ProgramServicesAmt016082
IRS990/PayrollTaxesGrp/TotalAmt022974
IRS990/PensionPlanContributionsGrp/FundraisingAmt0794
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0793
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IRS990/PensionPlanContributionsGrp/TotalAmt05290
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IRS990/QuidProQuoContributionsInd01
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IRS990/ReportOtherLiabilitiesInd00
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IRS990/RevenueAmt053365
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0375978
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04139686
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 A VINTAGE RADIO SERVICE COURSE WHICH IS OPEN FOR PARTICIPATES OF ALL AGES. FOR THIS SPECIFIC COURSE, THE MUSEUM WELCOMES MEMBERS OF THE PUBLIC WHO HAVE EXPERTISE IN THE RADIO REPAIR FIELD TO PARTICIPATE AS VOLUNTEERS. THE MUSEUM PROVIDES GUIDED TOURS FOR HIGH SCHOOL GROUPS, AS WELL AS TOURS FOR ADULTS AND SENIORS. ON OCCASION, PAVEK STAFF MEMBERS HAVE GIVEN PRESENTATIONS AT LOCAL LIBRARIES AND NURSING HOMES. THE PAVEK MUSEUM IS ALSO HOME TO THE MINNESOTA BROADCASTING HALL OF FAME, WHICH HONORS THE INDUSTRY'S SKILLED INDIVIDUALS AND PRESERVES THE LEGACY OF THEIR CAREERS. THE HALL OF FAME CAN BE VIEWED WITHIN THE MUSEUM DURING OPEN HOURS. LASTLY, THE MUSEUM HAS A RESEARCH LIBRARY IN WHICH THE PUBLIC, UPON APPOINTMENT, MAY USE ITS RESOURCES.
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,500,235
Liabilities
$27,671
Net assets
$5,472,564
Revenue
$4,524,039
Expenses
$560,445
Net income
$3,963,594
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
2019Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $5M-$10M nonprofits