Civic Intelligence

The Danish Immigrant Museum

990 • Fiscal year 2021 • EIN 42-1204613

Sep 01, 2020 to Aug 31, 2021 • Filed on Jan 11, 2022

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

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

10th percentile

0.01x

Higher debt load relative to revenue than 10% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

42nd percentile

8.6%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

21st percentile

$88,007

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

47th percentile

8.6%

Faster asset growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

47%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$11,691,535

Up $929,038 (+8.6%) from 2020

Net Assets

Up

$11,674,125

Up $1,035,728 (+9.7%) from 2020

Liabilities

Down

$17,410

Down $106,690 (-86%) from 2020

Revenue

Up

$1,668,565

Up $537,232 (+47%) from 2020

Expenses

Up

$1,524,763

Up $62,061 (+4.2%) from 2020

Net Income

Up

$143,802

Up $475,171 (+143%) from 2020

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

2021

Assets$11,691,535
Liabilities$17,410
Net Assets$11,674,125

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

2021

Revenue$1,668,565
Expenses$1,524,763
Net Income$143,802
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jan 11, 2022
Return Version
2020v4.0
Gross Receipts
$2,541,439
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,220,675$6,156,392▲ $935,717
Land, Buildings, and Equipment, Net$4,515,210$4,377,825▼ $137,385
Savings and Temporary Cash Investments$885,997$904,437▲ $18,440
Accounts Receivable-$120,377-
Cash and Non-Interest-Bearing Accounts$77,361$80,978▲ $3,617
Inventories for Sale or Use$57,413$46,386▼ $11,027
Intangible Assets$5,841$5,140▼ $701
Total Assets$10,762,497$11,691,535▲ $929,038
Liabilities
Mortgage Notes Payable Secured by Investment Property$124,100--
Accounts Payable and Accrued Expenses-$17,410-
Total Liabilities$124,100$17,410▼ $106,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,601,331$6,777,653▲ $176,322
Net Assets With Donor Restrictions$4,037,066$4,896,472▲ $859,406
Total Net Assets Fund Balance$10,638,397$11,674,125▲ $1,035,728
Total Liabilities and Net Assets / Fund Balance$10,762,497$11,691,535▲ $929,038

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,393,362$2,188,618$5,581,980
Other Land Buildings$463,398$419,961$883,359
Equipment$248,215$442,719$690,934
Land$272,850-$272,850
Leasehold Improvements-$26,901$26,901

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,100,235$52,950▲ $1,121,086$-187,144$6,044,788
2019$4,600,725$154,970▲ $520,519$-138,400$5,100,235
2018$5,050,726$40,631▲ $65,446$-519,039$4,600,725
2017$4,915,282$5,227▲ $489,358$-319,090$5,050,726
2016$4,004,970$922,594▲ $437,557$-412,611$4,915,282
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tova BrandtExecutive DiFT$88,007$88,007

Board Members and Trustees

NameTitle
Peter WestPresident
Anders SandBoard Member
Carol BassoniBoard Member
Carol SvendsenBoard Member
Connie HansonBoard Member
Daniel JensenBoard Member
David EsbeckBoard Member
Dennis GrayBoard Member
Elizabeth SteffensenBoard Member
Elly JorgensenBoard Member
Eric OlesenBoard Member
Erik AndersenBoard Member
Gerry HenningsenBoard Member
Joy Clemsen GajdaBoard Member
Karen NielsenBoard Member
Kurt RasmussenBoard Member
Lars MatthiesenBoard Member
Marcia JanteBoard Member
Merlyn KnudsenBoard Member
Michael NielsenBoard Member
Peder HansenBoard Member
Randall RuggaardBoard Member
Marnie JensenSecretary
Chris KofoedTreasurer
Toni McleodVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,275,494
Program Service Revenue
$74,613
Investment Income
$257,977
Other Revenue
$60,481
All Other Contributions
$750,330
Change in Net Assets
$143,802

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
Securities Publicly Traded4$50,188Quoted Market Price
Total Noncash Contributions4$50,188-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,625,239
Revenue Not Reported on Financial Statements
$43,326
Revenue Not Reported on Form 990
$891,930
Total Revenue per Audited Statements
$2,517,169
Total Revenue per Form 990
$1,668,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$779,985
Other Expenses$743,028
Total Fundraising Expense$136,797
Professional Fundraising Fees$1,750
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$432,198$163,437$76,316$671,951
Depreciation Depletion$193,968$35,838$8,766$238,572
Office Expenses$82,063$42,666$26,173$150,902
Occupancy$88,622$22,425$3,187$114,234
Other Employee Benefits$36,187$14,149$6,449$56,785
Fees for Services Other$53,336$375$1,677$55,388
Payroll Taxes$32,963$12,465$5,821$51,249
Fees for Service Investment Mgmnt Fees-$43,326-$43,326
Insurance$15,208$7,604$2,535$25,347
Advertising$464$18,574$177$19,215
Fees for Services Accounting-$17,524-$17,524
Conferences and Meetings$5,000$11,858$374$17,232
Information Technology$8,561$5,198-$13,759
Travel$6,799$4,372$230$11,401
Fees for Services Professional Fundraising--$1,750$1,750
Other Expenses$2,740$1,350$70$1,350
Fees for Services Legal-$750-$750
Total Functional Expenses$970,756$417,210$136,797$1,524,763

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,524,763
Total Expenses per Audited Statements$1,481,441
Expenses per Audited Statements$1,481,437
Expenses Not Reported on Financial Statements$43,326
Expenses Not Reported on Form 990$4
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,750
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
Annual disclosure for covered persons
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
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 salary for the coming year.

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

Remaining employees receive annual performance reviews conducted by the executive director 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
Tova Brandt
Title
Executive Director
Phone
7127647001
Signed
2022-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tova Brandt
Formed
1983
Legal Domicile
Ia
Voting Board Members
24
Independent Board Members
24
Employees
27
Volunteers
20

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, 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 4D

The genealogy center of the museum of danish america, located on main street in elk horn, collects print, visual, microform and digital materials on danish immigrants and danish americans, their communities and organizations. It also provides information on relevant genealogical resources as well as research and translation services to north american and danish patrons both in-house and long-distance. The department also provides research support for the curatorial and exhibitions departments. In fy 2020/2021, the genealogy center served patrons both in person and through digital communication. Outreach activities included newspaper vignettes, articles written for the america letter, presentations, social media interactions, and meetings with other danish-american archives and organizations. Staff consists of 1 full-time librarian/manager, a .8 fte researcher,occasional interns, and over a dozen local and long-distance volunteers. In fy 2020/2021, genealogy staff and volunteers completed 16 translation requests and 26 in-depth research projects, updated several in-house indexes and databases, updated more than 320 immigrant files in the vertical file collection, and added 17 wall of honor files. It has also received 17 donations for the library. Staff completed a grant-funded project to process the national archive of the danish sisterhood of america in 2021, resulting in 65 boxes of documents, photos, and 300 ledgers fully processed, cataloged and rehoused. Tours & promotion of a 19th century historical danish house.

Form 990, Part V, Line 4B

DENMARK

Form 990, Part XI, Line 9

Book / tax depreciation difference -4

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

The museum's collections, which were acquired through purchases and contributions since the museum's inception, are not recognized as assets on the statement of assets, liabilities, and net assets. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year acquired. The museum's collections consist of historically significant artifacts and art held for educational, research, and curatorial purposes. The items are cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales and deaccessions be used to purchase and acquire other collection items.

Schedule D, Page 2, Part III, Line 4

Curatorial department maintains a collection of over 30,000 artifacts that are used in exhibits and displays that celebrate danish roots and american dreams. These exhibits are displayed not only in elk horn but also are included in traveling exhibits that are displayed across the united states and overseas. The genealogy center's collection is used in research on danish immigrants and danish americans for the curatorial department as well as museum members. These collection items are used in translation requests and in- depth research projects and form a database of immigrants.

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 while maintaining the purchasing power of the underlying investment assets in order to maintain the funding for perpetuity.

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

Book / tax depreciation difference 4

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
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IRS990/OtherExpensesGrp/FundraisingAmt187
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IRS990/OtherExpensesGrp/TotalAmt23640
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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. 2021 filings • 501(c)3 • $10M-$25M nonprofits