Civic Intelligence

Wells Historical Society

EIN 41-1760561 • 501(c)3 • Wells, MN

Profile

Promote the history of the wells, mn area

PO Box 43Wells, MN 56097

n/A

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.29x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

60th percentile

3.6%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-67%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$391,734

Up $13,469 (+3.6%) from 2023

Liabilities

Down

$15,425

Down $39,415 (-72%) from 2023

Net Assets

$376,309

No earlier filing loaded for comparison.

Revenue

Down

$54,013

Down $111,524 (-67%) from 2023

Expenses

Up

$40,113

Up $9,883 (+33%) from 2023

Net Income

Down

$13,900

Down $121,407 (-90%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $41,710Liabilities 2010: $02010Assets 2011: $43,041Liabilities 2011: $02011Assets 2012: $215,423Liabilities 2012: $0Net Assets 2012: $215,4732012Assets 2013: $248,429Liabilities 2013: $02013Assets 2014: $206,304Liabilities 2014: $02014Assets 2015: $192,510Liabilities 2015: $02015Assets 2016: $201,123Liabilities 2016: $02016Assets 2017: $219,411Liabilities 2017: $02017Assets 2018: $220,420Liabilities 2018: $02018Assets 2019: $230,421Liabilities 2019: $02019Assets 2020: $240,155Net Assets 2020: $240,1552020Assets 2023: $378,265Liabilities 2023: $54,8402023Assets 2024: $391,734Liabilities 2024: $15,425Net Assets 2024: $376,3092024

Highlighted filing

2024

Assets$391,734
Liabilities$15,425
Net Assets$376,309

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $49,258Expenses 2010: $33,558Net Income 2010: $15,7002010Revenue 2011: $13,989Expenses 2011: $12,948Net Income 2011: $1,0412011Revenue 2012: $200,774Expenses 2012: $28,342Net Income 2012: $172,4322012Revenue 2013: $36,570Expenses 2013: $26,248Net Income 2013: $10,3222013Revenue 2014: $22,828Expenses 2014: $65,707Net Income 2014: -$42,8792014Revenue 2015: $52,695Expenses 2015: $66,519Net Income 2015: -$13,8242015Revenue 2016: $23,375Expenses 2016: $14,762Net Income 2016: $8,6132016Revenue 2017: $41,666Expenses 2017: $23,413Net Income 2017: $18,2532017Revenue 2018: $17,959Expenses 2018: $16,953Net Income 2018: $1,0062018Revenue 2019: $48,482Expenses 2019: $39,219Net Income 2019: $9,2632019Revenue 2020: $46,127Expenses 2020: $35,528Net Income 2020: $10,5992020Revenue 2023: $165,537Expenses 2023: $30,230Net Income 2023: $135,3072023Revenue 2024: $54,013Expenses 2024: $40,113Net Income 2024: $13,9002024

Highlighted filing

2024

Revenue$54,013
Expenses$40,113
Net Income$13,900

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 19, 2025
Return Version
2024v5.0
Gross Receipts
$55,517
Mission and Program Overview

Mission

The wells historical society is committed to preserving our past that we may expand our knowledge in the present and illumine the future. There is a museum which opened in 2010 showcasing the history of the wells area. The museum is open to the public but is still under renovations. The historical society also maintains a veterans memorial in the city of wells mn. The memorial honors veterans of all wars in the communities in wells and the surrounding area.

Program Services

DescriptionGrantsExpenses
RESTORATION OF TRAIN DEPOT IN WELLS MN. OPERATE BUILDING AS MUSEUM TO SHOWCASE THE HISTORY OF THE WELLS AREA.-$25,043
THE AREA VETERANS MEMORIAL PARK IS LOCATED AT 15 WEST FRANKLIN IN DOWNTOWN WELLS. IT HONORS VETERANS OF ALL WARS FOR THE COMMUNITES OF ALDEN, BRICELYN, EASTON, DELAVAN, FREEBORN, KIESTER, MINNESOTA LAKE, WALTERS AND WELLS.-$13,442
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARMEN MEYERPresident-$0--
KATHY AYERSVice Preside-$0--
RYAN FEISTTreasurer-$0--
BETSY HERMANSONSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Wells Historical Society
EIN
41-1760561
Phone
5075536303
Address
PO BOX 43, WELLS, MN 56097

Signing Officer

Name
Carmen Meyer
Title
President
Signed
2025-05-19
Discuss with paid preparer
Yes

Preparer

Firm
Tri-state Tax & Accounting
Address
1425 SAINT JOHN AVE, ALBERT LEA, MN 56007-3156
Preparer
Jennifer L Davenport
Phone
5073732185
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 820 advertising 350 office 536 po box rent/postage 522 stationary/supplies 8 interest exp 432 insurance 3,929 insurance 1,619 bank charges 33 computer 134 professional membership 40 misc - paypal 2 sales tax 215 subscriptions 199 non-investment depreciation 12,804 total 21,643

Form 990-ez, Part I, Line 20

Prior year adjustment-loan adjustment 38,984

Form 990-ez, Part II, Line 24

Building/equipment 132,377 132,377 less accumulated depreciation 89,989 97,814 total 42,388 34,563

Form 990-ez, Part II, Line 26

Wells designated 3,086 0 wells depot 10,927 0 psb 943542 2,136 0 cd 17892 5,136 0 veterans memorial 15,451 0 vm arches 2,247 0 sba eidl 15,857 15,425

Form 990-ez, Part III

The wells historical society is committed to preserving our past that we may expand our knowledge in the present and illumine the future. There is a museum which opened in 2010 showcasing the history of the wells area. The museum is open to the public but is still under renovations. The historical society also maintains a veterans memorial in the city of wells mn. The memorial honors veterans of all wars in the communities in wells and the surrounding area.

Form 990-ez, Part III, Line 29

The area veterans memorial park is located at 15 west franklin in downtown wells. It honors veterans of all wars for the communites of alden, bricelyn, easton, delavan, freeborn, kiester, minnesota lake, walters and wells.

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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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IRS990EZ/PrimaryExemptPurposeTxt0THE WELLS HISTORICAL SOCIETY IS COMMITTED TO PRESERVING OUR PAST THAT WE MAY EXPAND OUR KNOWLEDGE IN THE PRESENT AND ILLUMINE THE FUTURE. THERE IS A MUSEUM WHICH OPENED IN 2010 SHOWCASING THE HISTORY OF THE WELLS AREA. THE MUSEUM IS OPEN TO THE PUBLIC BUT IS STILL UNDER RENOVATIONS. THE HISTORICAL SOCIETY ALSO MAINTAINS A VETERANS MEMORIAL IN THE CITY OF WELLS MN. THE MEMORIAL HONORS VETERANS OF ALL WARS IN THE COMMUNITIES IN WELLS AND THE SURROUNDING AREA.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 820 ADVERTISING 350 OFFICE 536 PO BOX RENT/POSTAGE 522 STATIONARY/SUPPLIES 8 INTEREST EXP 432 INSURANCE 3,929 INSURANCE 1,619 BANK CHARGES 33 COMPUTER 134 PROFESSIONAL MEMBERSHIP 40 MISC - PAYPAL 2 SALES TAX 215 SUBSCRIPTIONS 199 NON-INVESTMENT DEPRECIATION 12,804 TOTAL 21,643
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR YEAR ADJUSTMENT-LOAN ADJUSTMENT 38,984
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BUILDING/EQUIPMENT 132,377 132,377 LESS ACCUMULATED DEPRECIATION 89,989 97,814 TOTAL 42,388 34,563
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WELLS DESIGNATED 3,086 0 WELLS DEPOT 10,927 0 PSB 943542 2,136 0 CD 17892 5,136 0 VETERANS MEMORIAL 15,451 0 VM ARCHES 2,247 0 SBA EIDL 15,857 15,425
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE WELLS HISTORICAL SOCIETY IS COMMITTED TO PRESERVING OUR PAST THAT WE MAY EXPAND OUR KNOWLEDGE IN THE PRESENT AND ILLUMINE THE FUTURE. THERE IS A MUSEUM WHICH OPENED IN 2010 SHOWCASING THE HISTORY OF THE WELLS AREA. THE MUSEUM IS OPEN TO THE PUBLIC BUT IS STILL UNDER RENOVATIONS. THE HISTORICAL SOCIETY ALSO MAINTAINS A VETERANS MEMORIAL IN THE CITY OF WELLS MN. THE MEMORIAL HONORS VETERANS OF ALL WARS IN THE COMMUNITIES IN WELLS AND THE SURROUNDING AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AREA VETERANS MEMORIAL PARK IS LOCATED AT 15 WEST FRANKLIN IN DOWNTOWN WELLS. IT HONORS VETERANS OF ALL WARS FOR THE COMMUNITES OF ALDEN, BRICELYN, EASTON, DELAVAN, FREEBORN, KIESTER, MINNESOTA LAKE, WALTERS AND WELLS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/EIN0411760561
ReturnHeader/Filer/PhoneNum05075536303
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER L DAVENPORT
ReturnHeader/ReturnTs02025-05-20T13:55:20-04:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits