Civic Intelligence

The Danish Immigrant Museum

990 • Fiscal year 2022 • EIN 42-1204613

Sep 01, 2021 to Aug 31, 2022 • Filed on Jan 31, 2023

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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

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

20th percentile

$90,250

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

24th percentile

-7.7%

Faster asset growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$10,787,918

Down $903,617 (-7.7%) from 2021

Net Assets

Down

$10,772,193

Down $901,932 (-7.7%) from 2021

Liabilities

Down

$15,725

Down $1,685 (-9.7%) from 2021

Revenue

Up

$1,977,649

Up $309,084 (+19%) from 2021

Expenses

Up

$1,649,940

Up $125,177 (+8.2%) from 2021

Net Income

Up

$327,709

Up $183,907 (+128%) from 2021

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

2022

Assets$10,787,918
Liabilities$15,725
Net Assets$10,772,193

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

2022

Revenue$1,977,649
Expenses$1,649,940
Net Income$327,709
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jan 31, 2023
Return Version
2021v4.0
Gross Receipts
$6,147,802
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$6,156,392$5,505,347▼ $651,045
Land, Buildings, and Equipment, Net$4,377,825$4,254,368▼ $123,457
Savings and Temporary Cash Investments$904,437$904,385▼ $52
Inventories for Sale or Use$46,386$60,624▲ $14,238
Accounts Receivable$120,377$39,705▼ $80,672
Cash and Non-Interest-Bearing Accounts$80,978$18,500▼ $62,478
Intangible Assets$5,140$4,439▼ $701
Total Assets$11,691,535$10,787,918▼ $903,617
Other Assets Total-$550-
Liabilities
Accounts Payable and Accrued Expenses$17,410$15,725▼ $1,685
Total Liabilities$17,410$15,725▼ $1,685
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,769,165$6,362,546▼ $406,619
Net Assets With Donor Restrictions$4,904,960$4,409,647▼ $495,313
Total Net Assets Fund Balance$11,674,125$10,772,193▼ $901,932
Total Liabilities and Net Assets / Fund Balance$11,691,535$10,787,918▼ $903,617

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,324,767$2,312,756$5,637,523
Other Land Buildings$451,545$468,626$920,171
Equipment$205,206$510,872$716,078
Land$272,850-$272,850
Leasehold Improvements-$26,901$26,901

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$6,044,788$505,827▼ $861,131$-198,790$5,445,431
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tova BrandtExecutive DiFT$90,250$90,250

Board Members and Trustees

NameTitle
Peter WestPresident
Anders SandBoard Member
Carol BassoniBoard Member
Carol SvendsenBoard Member
Daniel JensenBoard Member
Elizabeth SteffensenBoard Member
Elly JorgensenBoard Member
Eric OlesenBoard Member
Erik AndersenBoard Member
Erik NorkjaerBoard Member
John RasmussenBoard Member
Joy Clemsen GajdaBoard Member
Karen NielsenBoard Member
Kurt RasmussenBoard Member
Lars MatthiesenBoard Member
Marcia JanteBoard Member
Marnie JensenBoard Member
Melinda BrownBoard Member
Merlyn KnudsenBoard Member
Michael KoehlerBoard Member
Michael NielsenBoard Member
Peder HansenBoard Member
Dennis GraySecretary
Chris KofoedTreasurer
Toni McleodVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,481,357
Program Service Revenue
$67,973
Investment Income
$354,269
Other Revenue
$74,050
All Other Contributions
$1,370,707
Change in Net Assets
$327,709

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 Traded3$113,587Quoted Market Price
Clothing and Household Goods-$11,961Comparable Sales
Total Noncash Contributions3$125,548-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,931,510
Revenue Not Reported on Financial Statements
$46,139
Revenue Not Reported on Form 990
$-1,229,641
Total Revenue per Audited Statements
$701,869
Total Revenue per Form 990
$1,977,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$847,523
Salaries, Compensation, and Employee Benefits$802,417
Total Fundraising Expense$224,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$377,224$189,375$120,577$687,176
Depreciation Depletion$203,319$31,144$7,519$241,982
Occupancy$138,240$15,363$4,174$157,777
Office Expenses$64,491$28,198$20,890$113,579
Information Technology$31,207$29,497$9,372$70,076
Other Employee Benefits$39,618$13,552$9,713$62,883
Fees for Services Other$33,148$-70$19,859$52,937
Payroll Taxes$28,859$14,486$9,013$52,358
Fees for Service Investment Mgmnt Fees-$46,139-$46,139
Conferences and Meetings$6,881$22,821$2,005$31,707
Insurance$20,145$7,453$2,484$30,082
Travel$19,192$1,635$7,817$28,644
Advertising$2,639$14,940$7,407$24,986
Fees for Services Accounting-$15,466-$15,466
Other Expenses$116$1,100$12$1,216
Fees for Services Legal-$750-$750
Total Functional Expenses$974,989$450,325$224,626$1,649,940

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,649,940
Expenses per Audited Statements$1,603,801
Total Expenses per Audited Statements$1,603,801
Expenses Not Reported on Financial Statements$46,139
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
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
2023-01-31
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
22
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 4A

The museum of danish america celebrates danish roots and american dreams through its curatorial activities. The curatorial department maintains a collection of approximately 37,700 artifacts and accepted 184 additional pieces during this past year. Over 46,000 artifact and archival records are made available through "view our collection" on the museum's website. Work within the archival collections included digitizing 60 vhs recordings from the victor borge collection. The museum (1) welcomed 5400 visitors this year, (2) opened five new temporary exhibitions, and (3) provided 4 different traveling exhibitions to 4 venues in 3 states, reaching an additional audience of over 40,000 people. A robust calendar of special events provided lunchtime speakers, holiday traditions, and outdoor activities to visitors of all ages; many of these events took place in online formats. The museum also offers tours of a 19th century historical house.

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

Public outreach and education activities bring the museum's mission to its national audience and membership. Outreach to school groups and community members has been strategically developed to engage a larger audience with a newly created position of youth and community educator in june of 2022. Museum staff engage constituents at public festivals, lectures and presentations, workshops, and receptions across the country. During the past fiscal year, museum staff interacted with audience members in 21 events in 7 states, both in person and online. The museum also engaged audience members through internet-based and electronic media. Over 80,000 unique visitors came to the museum's website, over 7500 people subscribe to the monthly e-newsletter, and more than 12,000 people follow the museum's facebook page.

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 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 2021/2022, 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. In fy 2021/2022, genealogy staff and volunteers completed 10 large translation requests, nearly a dozen small translations of danish vital records, 10 in-depth research projects, and updated several in-house indexes and databases. The exhibit area in the genealogy center has been redesigned to create an interactive learning space for visitors to enjoy. Volunteers have also begun a digitization project on the immigrant file collection with the future goal of making the files accessible to users online. The jens jensen prairie landscape park is a recreated native tallgrass prairie covering over 25 acres of the museum's grounds. It is named in honor of jens jensen, a danish immigrant who became a leading conversationist and founder of the prairie style of landscape architecture. The public is welcome to enjoy the park's walking paths, seating circles, fitness equipment, and outdoor interpretive panels. Special programs and school tours offer extra experiences for enjoying and appreciating the prairie ecosystem. Park maintenance is supported by an annual summer internship and the museum's facilities staff.

Form 990, Part V, Line 4B

DENMARK

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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT
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IRS990/FormationYr01983
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IRS990/MissionDesc0THE 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.
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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
2022Detailed filing. Detailed filing data is available for this year.$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

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