Civic Intelligence

The Danish Immigrant Museum

990 • Fiscal year 2015 • EIN 42-1204613

Sep 01, 2014 to Aug 31, 2015 • Filed on Jan 27, 2016

Refreshing map…

2212 Washington StElk Horn, IA 51531

(712) 764-7001

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

29th percentile

0.08x

Higher debt load relative to revenue than 29% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

37th percentile

$93,167

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

68th percentile

6.2%

Faster asset growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

81st percentile

23%

Faster revenue growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$9,091,739

Up $534,275 (+6.2%) from 2014

Net Assets

Up

$8,899,824

Up $801,133 (+9.9%) from 2014

Liabilities

Down

$191,915

Down $266,858 (-58%) from 2014

Revenue

Up

$2,498,374

Up $473,865 (+23%) from 2014

Expenses

Up

$1,456,892

Up $181,687 (+14%) from 2014

Net Income

Up

$1,041,482

Up $292,178 (+39%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $5,227,982Liabilities 2011: $187,114Net Assets 2011: $5,040,8682011Assets 2012: $5,675,672Liabilities 2012: $23,392Net Assets 2012: $5,652,2802012Assets 2013: $7,315,752Liabilities 2013: $145,363Net Assets 2013: $7,170,3892013Assets 2014: $8,557,464Liabilities 2014: $458,773Net Assets 2014: $8,098,6912014Assets 2015: $9,091,739Liabilities 2015: $191,915Net Assets 2015: $8,899,8242015Assets 2016: $9,282,252Liabilities 2016: $263,424Net Assets 2016: $9,018,8282016Assets 2017: $10,244,958Liabilities 2017: $200,000Net Assets 2017: $10,044,9582017Assets 2018: $10,259,972Liabilities 2018: $114,281Net Assets 2018: $10,145,6912018Assets 2019: $10,563,210Liabilities 2019: $2,552Net Assets 2019: $10,560,6582019Assets 2020: $10,762,497Liabilities 2020: $124,100Net Assets 2020: $10,638,3972020Assets 2021: $11,691,535Liabilities 2021: $17,410Net Assets 2021: $11,674,1252021Assets 2022: $10,787,918Liabilities 2022: $15,725Net Assets 2022: $10,772,1932022Assets 2023: $10,852,648Liabilities 2023: $18,170Net Assets 2023: $10,834,4782023Assets 2024: $11,526,738Liabilities 2024: $18,859Net Assets 2024: $11,507,8792024Assets 2025: $11,824,606Liabilities 2025: $17,507Net Assets 2025: $11,807,0992025

Highlighted filing

2015

Assets$9,091,739
Liabilities$191,915
Net Assets$8,899,824

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $917,293Expenses 2011: $1,080,156Net Income 2011: -$162,8632011Revenue 2012: $1,565,512Expenses 2012: $1,066,261Net Income 2012: $499,2512012Expenses 2013: $1,296,6162013Revenue 2014: $2,024,509Expenses 2014: $1,275,205Net Income 2014: $749,3042014Revenue 2015: $2,498,374Expenses 2015: $1,456,892Net Income 2015: $1,041,4822015Revenue 2016: $1,424,098Expenses 2016: $1,399,489Net Income 2016: $24,6092016Revenue 2017: $2,109,289Expenses 2017: $1,379,649Net Income 2017: $729,6402017Revenue 2018: $1,231,139Expenses 2018: $1,401,149Net Income 2018: -$170,0102018Revenue 2019: $2,095,776Expenses 2019: $1,418,569Net Income 2019: $677,2072019Revenue 2020: $1,131,333Expenses 2020: $1,462,702Net Income 2020: -$331,3692020Revenue 2021: $1,668,565Expenses 2021: $1,524,763Net Income 2021: $143,8022021Revenue 2022: $1,977,649Expenses 2022: $1,649,940Net Income 2022: $327,7092022Revenue 2023: $1,617,557Expenses 2023: $1,815,441Net Income 2023: -$197,8842023Revenue 2024: $1,515,730Expenses 2024: $1,765,559Net Income 2024: -$249,8292024Revenue 2025: $2,330,795Expenses 2025: $1,940,130Net Income 2025: $390,6652025

Highlighted filing

2015

Revenue$2,498,374
Expenses$1,456,892
Net Income$1,041,482
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jan 27, 2016
Return Version
2014v6.0
Gross Receipts
$4,471,660
Mission and Program Overview

Mission

The museum of danish america explores the danish-american experience, the historic and modern influences of denmark on the united states, and the continuing story of how a nation of immigrants shape american identity.

The danish immigrant museum is dedicated to preserving the culture and history of the danish people who immigrated to america. Extensive collections of artifacts, as well as special annual and traveling exhibits, are on display in a striking modern half-timbered building situated on a 30-acre site in the rolling hills of western iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,669,783$4,765,331▲ $95,548
Investments in Publicly Traded Securities$3,211,289$3,750,717▲ $539,428
Savings and Temporary Cash Investments$588,646$451,089▼ $137,557
Inventories for Sale or Use$72,672$101,819▲ $29,147
Cash and Non-Interest-Bearing Accounts$3,745$13,437▲ $9,692
Intangible Assets$11,329$9,346▼ $1,983
Total Assets$8,557,464$9,091,739▲ $534,275
Liabilities
Other Liabilities$423,359--
Mortgage Notes Payable Secured by Investment Property$35,335$178,500▲ $143,165
Accounts Payable and Accrued Expenses$79$13,415▲ $13,336
Total Liabilities$458,773$191,915▼ $266,858
Net Assets / Fund Balance
Unrestricted Net Assets$5,711,083$5,691,869▼ $19,214
Permanently Rstr Net Assets$2,211,165$2,903,874▲ $692,709
Temporarily Rstr Net Assets$176,443$304,081▲ $127,638
Total Net Assets Fund Balance$8,098,691$8,899,824▲ $801,133
Total Liabilities and Net Assets / Fund Balance$8,557,464$9,091,739▲ $534,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,761,253$1,447,820$5,209,073
Other Land Buildings$548,689$206,216$754,905
Equipment$220,457$333,824$554,281
Land$230,000-$230,000
Leasehold Improvements$4,932$21,969$26,901

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$3,146,431$802,709▼ $32,521$-198,907$3,687,329
2013$2,645,830$424,269▲ $411,506$-308,827$3,146,431
2012$2,350,003$302,048▲ $196,583$-180,383$2,645,830
2011$2,155,663$286,013▲ $190,045$-260,085$2,350,003
2010$1,987,413$40,350▲ $313,909$-170,822$2,155,663
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John Mark NielsenExec DirectorFT$93,167$93,167

Board Members and Trustees

NameTitle
Garey KnudsenPresident
Anna Thomsen HollidayBoard Member
Bente EllisBoard Member
Beth Bro-roofBoard Member
Brent NorlemBoard Member
Carl SteffensenBoard Member
Carolyn LarsonBoard Member
Cindy Larsen AdamsBoard Member
Craig MolgaardBoard Member
Dagmar MuthamiaBoard Member
David EsbeckBoard Member
David HendeeBoard Member
Dorothy Stadsvold FeiselBoard Member
Glenn HenriksenBoard Member
Jerry SchraderBoard Member
Karen SuchomelBoard Member
Kristi Planck JohnsonBoard Member
Linda SteffensenBoard Member
Marian OstergaardBoard Member
Mark StrandskovBoard Member
Ole SonnichsenBoard Member
Peter NielsenBoard Member
Randy RuggaardBoard Member
Ronald BroBoard Member
Flemming Eric SmitsdorffSecretary
Kenneth LarsenTreasurer
Tim BurchillVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Mecco-henne Contracting INCConstruction4140 SOUTH 87TH STREET, Omaha, NE 68127-1602$345,970
Revenue and Support

Revenue Composition

Contributions and Grants
$2,161,861
Program Service Revenue
$81,494
Investment Income
$207,543
Other Revenue
$47,476
All Other Contributions
$2,121,861
Change in Net Assets
$1,041,482

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$20,486Purchase Price
Securities Publicly Traded3$10,891Quoted Market Price
Other Non Cash Contri Table2$279Purchase Price
Total Noncash Contributions5$31,656-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,498,374
Revenue Not Reported on Form 990
$-258,016
Total Revenue per Audited Statements
$2,240,358
Total Revenue per Form 990
$2,498,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$813,755
Salaries, Compensation, and Employee Benefits$643,137
Total Fundraising Expense$128,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$323,385$152,775$48,788$524,948
Depreciation Depletion$153,328$36,620$8,774$198,722
Office Expenses$89,274$70,241$25,330$184,845
Occupancy$78,816$31,426$4,302$114,544
Other Employee Benefits$60,402$8,312$8,867$77,581
Fees for Services Other$53,199$6,496$7,500$67,195
Travel$44,417$5,275$5,836$55,528
Payroll Taxes$25,016$11,818$3,774$40,608
Conferences and Meetings$14,576$24,334$1,031$39,941
Insurance$24,022$10,468$3,534$38,024
Fees for Service Investment Mgmnt Fees-$31,225-$31,225
Advertising$5,317$15,449$122$20,888
Information Technology$2,020$12,146-$14,166
Fees for Services Accounting-$13,427-$13,427
Fees for Services Legal$250$2,250-$2,500
Other Expenses$250$3,040$810$250
Interest-$53-$53
Total Functional Expenses$881,710$446,509$128,673$1,456,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,456,892
Total Expenses per Form 990$1,456,892
Total Expenses per Audited Statements$1,439,225
Expenses Not Reported on Form 990$-17,667
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
Contracts Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
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 is emailed to the executive director and board members before being filed in order for everyone to review and comment prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board members abstain from any decisions involving potential conflicts of interest.

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

Executive director receives a review from the board of directors annually. At that time, the board determines his salary for the coming year.

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

Remaining employees receive annual performance reviews conducted by the executive director and one or more board members at which time compensation is determined.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request. In addition, copies of the most recently filed forms 990 are available on guidestar's website.

Filing and Contact Details

Filer

Filer Name
The Danish Immigrant Museum
EIN
42-1204613
Phone
7127647001
Address
2212 WASHINGTON ST, ELK HORN, IA 51531
Doing Business As
The Museum of Danish America

Signing Officer

Name
Dr John Mark Nielsen
Title
Executive Director
Phone
7127647001
Signed
2016-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garey Knudsen
Formed
1983
Legal Domicile
Ia
Voting Board Members
24
Independent Board Members
24
Employees
22
Volunteers
85

Preparer

Firm
Olsen Muhlbauer & Co Llp
Address
PO BOX 545, CARROLL, IA 51401
Preparer
Tammy M Bruch
Phone
7127924314
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The danish immigrant museum is dedicated to preserving the culture and history of the danish people who immigrated to america. Extensive collections of artifacts, as well as special annual and traveling exhibits, are on display in a striking modern half-timbered building situated on a 30-acre site in the rolling hills of western iowa.

Form 990, Page 1, Part I, Line 6

The organization receives a significant amount of support in the form of goods and services from donors and volunteers in the organization's operations, fund raising, admissions desk, museum shop, and museum tours.

Form 990, Page 2, Part III, Line 4B

Of the america letter. Staff consists of 1 full-time librarian/manager, a .6 fte library assistant, occasional interns and 18 local and long-distance volunteers. Staff and volunteers translated 37 documents or document collections, completed 45 in-depth paid genealogical research projects for patrons, created several new in-house indexes and new webpage content, as well as adding 592 immigrant files to the vertical file collection. With the assistance of a degreed archives intern from the uk, 410 items were added to the genealogy center collection in past perfect. The center's special collections department now comprises some 113 separate collections ranging from family materials and photographs to topical or geographical subjects. A photo exhibit entitled "golden danes" featuring over 100 danish immigrants who lived to be 100 or more went on display in the center lobby beginning in late may, 2015. Information was simultaneously collected on immigrant descendants who also have achieved this landmark.

Form 990, Page 2, Part III, Line 4D

The design shop displays items and sells items reflecting the best in danish design and books about denmark and danish-american relations. Inventory is selected that reflects the museum's mission of educating and informing its public and includes items from furniture to lighting to jewelry and home interior decoration and books ranging from academic studies to entertaining folklore. Tours & promotion of a 19th century historical danish house.

Form 990, Part V, Line 4B

DENMARK

Form 990, Part XI, Line 9

Special events exp -20,249 special events exp 20,249

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The musuem of danish american has two divisions of artifact collections and an additional grouping of materials collected and maintained with an intended research function. The permanent collection consists of three-dimensional artifacts, original photographs, and some original archival and library materials. All artifacts with this designation are strongly linked to the museum's mission statement by their significant provenance. They are housed in climate controlled storage areas, handled by only trained professionals with gloves, and exhibited with strict protective measures in place such as security, low light levels, and limited exposure to pests and dust. Artifacts within the permanent collection include textiles, artwork, hand tools, collectibles, certificates, letters, books, photographs, and more. The utility, education, research/reference collection consists primarily of three-dimensional artifacts that typically have less significant provenance. These pieces are intended for use in public programming or as hands-on components of exhibitions both in-house and at other institutions. The family history and genealogy center collects and houses reference information relating to all aspects of danish immigrant and danish american experiences. Materials pertain to topics like genealogy, translations, church history, and immigrant populations in specific areas. Staff, volunteers, and researchers use these materials daily. None of the collections under the ownership and care of the museum are accepted nor given preferential treatment because of any monetary value. Their significance lies in their physical contribution to supporting the mission of this museum and to the education we provide our visitors and members through exhibitions, programming, and research.

Schedule D, Page 2, Part V, Line 4

The two endowment funds maintained by the museum are intended to provide a steady stream of income coming from the allowable withdrawals of income while maintaining the purchasing power of the underlying investment assets in order to maintain the funding for perpetuity.

Schedule D, Page 3, Part X

The organization accounts for uncertainties in accounting for income taxes using the guidance included in financial accounting standards board (fasb) accounting standards codification (asc) topic 740, income taxes. The organization recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. At august 31, 2015, the organization had no uncertain tax positions.

Schedule D, Page 4, Part XI, Line 2D

Special events exp -20,249

Schedule D, Page 4, Part XII, Line 2D

Special events exp -20,249

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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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IRS990/MissionDesc0THE DANISH IMMIGRANT MUSEUM IS DEDICATED TO PRESERVING THE CULTURE AND HISTORY OF THE DANISH PEOPLE WHO IMMIGRATED TO AMERICA. EXTENSIVE COLLECTIONS OF ARTIFACTS, AS WELL AS SPECIAL ANNUAL AND TRAVELING EXHIBITS, ARE ON DISPLAY IN A STRIKING MODERN HALF-TIMBERED BUILDING SITUATED ON A 30-ACRE SITE IN THE ROLLING HILLS OF WESTERN IOWA.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.02$11.8$2.33$1.94$0.39
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.02$11.5$1.52$1.77$0.25
2023Summary only. Only limited summary data is available for this year.$10.9$0.02$10.8$1.62$1.82$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.02$10.8$1.98$1.65$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$0.02$11.7$1.67$1.52$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.12$10.6$1.13$1.46$0.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.00$10.6$2.10$1.42$0.68
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.11$10.1$1.23$1.40$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$0.20$10.0$2.11$1.38$0.73
2016Summary only. Only limited summary data is available for this year.$9.28$0.26$9.02$1.42$1.40$0.02
2015Detailed filing. Detailed filing data is available for this year.$9.09$0.19$8.90$2.50$1.46$1.04
2014Detailed filing. Detailed filing data is available for this year.$8.56$0.46$8.10$2.02$1.28$0.75
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.32$0.15$7.17$1.30
2012Summary only. Only limited summary data is available for this year.$5.68$0.02$5.65$1.57$1.07$0.50
2011Summary only. Only limited summary data is available for this year.$5.23$0.19$5.04$0.92$1.08$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $5M-$10M nonprofits