Civic Intelligence

Des Moines Heritage Center

EIN 84-2656275 • 501(c)3 • Des Moines, IA

Profile

The des moines heritage center supports the des moines heritage trust, a 501(c)(3) organization

120 E 5th StreetDes Moines, IA 50309

desmoinesheritagecenter.org

Siviq Scores

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

Liabilities / Assets

76th percentile

0.34x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

2.92x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

0.3%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,679,717

Down $148,511 (-3.9%) from 2023

Liabilities

Down

$1,226,446

Down $79,809 (-6.1%) from 2023

Net Assets

Down

$2,453,271

Down $68,702 (-2.7%) from 2023

Revenue

Down

$305,234

Down $141,376 (-32%) from 2023

Expenses

Up

$373,936

Up $2,211 (+0.6%) from 2023

Net Income

Down

-$68,702

Down $143,587 (-192%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $2,184,414Liabilities 2019: $1,980,000Net Assets 2019: $204,4142019Assets 2020: $3,568,514Liabilities 2020: $1,891,469Net Assets 2020: $1,677,0452020Assets 2021: $3,821,776Liabilities 2021: $1,888,085Net Assets 2021: $1,933,6912021Assets 2022: $3,817,704Liabilities 2022: $1,370,239Net Assets 2022: $2,447,4652022Assets 2023: $3,828,228Liabilities 2023: $1,306,255Net Assets 2023: $2,521,9732023Assets 2024: $3,679,717Liabilities 2024: $1,226,446Net Assets 2024: $2,453,2712024

Highlighted filing

2024

Assets$3,679,717
Liabilities$1,226,446
Net Assets$2,453,271

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $250,763Expenses 2019: $46,349Net Income 2019: $204,4142019Revenue 2020: $1,400,531Expenses 2020: $30,184Net Income 2020: $1,370,3472020Revenue 2021: $725,945Expenses 2021: $257,412Net Income 2021: $468,5332021Revenue 2022: $796,386Expenses 2022: $267,634Net Income 2022: $528,7522022Revenue 2023: $446,610Expenses 2023: $371,725Net Income 2023: $74,8852023Revenue 2024: $305,234Expenses 2024: $373,936Net Income 2024: -$68,7022024

Highlighted filing

2024

Revenue$305,234
Expenses$373,936
Net Income-$68,702

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jan 14, 2025
Return Version
2024v5.0
Gross Receipts
$305,234
Mission and Program Overview

Mission

The Des Moines Heritage Center supports the Des Moines Heritage Trust, a 501c3 organization

The des moines heritage center supports the des moines heritage trust, a 501(c)(3) organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,563,989$3,469,459▼ $94,530
Rtn Earn Endowment Incm Other Fnds$2,521,973$2,453,271▼ $68,702
Savings and Temporary Cash Investments$264,239$202,370▼ $61,869
Cash and Non-Interest-Bearing Accounts-$7,296-
Accounts Receivable-$592-
Total Assets$3,828,228$3,679,717▼ $148,511
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,297,780$1,225,453▼ $72,327
Accounts Payable and Accrued Expenses-$1,736-
Other Liabilities$8,475$-743▼ $9,218
Total Liabilities$1,306,255$1,226,446▼ $79,809
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,521,973$2,453,271▼ $68,702
Total Liabilities and Net Assets / Fund Balance$3,828,228$3,679,717▼ $148,511

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,290,459$396,366$3,686,825
Land$179,000-$179,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim WaddellPresident
Elizabeth BuckDirector
John BrownSecretary
Al TokheimTreasurer
Derek LordVP
Revenue and Support

Revenue Composition

Contributions and Grants
$13,170
Program Service Revenue
$276,938
Investment Income
$15,126
Other Revenue
$0
Change in Net Assets
$-68,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$373,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$94,530--$94,530
Interest$84,248--$84,248
Other Expenses$73,952--$73,952
Occupancy$51,580--$51,580
Office Expenses$38,450--$38,450
Insurance$16,730--$16,730
Advertising$10,223--$10,223
Fees for Services Legal-$2,954-$2,954
Total Functional Expenses$370,982$2,954$0$373,936
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
Refundable Deposit-
Loan Payable$-743
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

Officer directors etc family relationship Part VI line 2

The organization supports and is controlled by the des moines heritage trust, which has the right to appoint a majority of all members of the organizations board of directors. Tim waddell serves as president for both entities. Derek lord serves as vp for both entities. John brown serves as secretary for both entities. Al tokheim serves as treasurer for both entities. Director elisabeth buck is president tim waddells wife.

Form 990 governing body review Part VI line 11

All tax returns filling are reviewed by the board president and treasurer. Any significant items are shared with the entire board at a regularly schedule meeting.

Conflict of interest policy compliance Part VI line 12C

The organizations conflict of interest policy is sent to board members once a year with a disclosure form that asks board members to describe interest in or relationships with both for-profit entities and to describe any transactions (direct or indirect) with the organization. Board members are also required to disclose annually any business or family relationships with other board members consistent with the disclosure obligation. Board members are also regularly reminded of their obligation under the policy for potential transactions. The policy also provides a process for review of potential conflict.

CEO executive director top management comp Part VI line 15A

The organization does not pay directors and officers at this time. But has a compensation subcommittee & appropriate policies are in place to review compensation issues.

Other officer or key employee compensation Part VI line 15B

The organization has no employees at this time but has a compensation subcommittee & appropriate policies are in place to review compensation issues.

Governing documents etc available to public Part VI line 19

The organization makes digital copies the tax returns available through publicly available website, and also provides them to the public on request.

Filing and Contact Details

Filer

Filer Name
Des Moines Heritage Center
EIN
84-2656275
In Care Of
% TIM WADDELL
Phone
5152102396
Address
120 E 5TH STREET, DES MOINES, IA 50309

Signing Officer

Name
Tim Waddell
Title
President
Phone
5152102396
Signed
2025-01-14
Discuss with paid preparer
No

Organization Details

Formed
2019
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Ann M Hartz CPA & Associates
Address
7109 Hickman Road, Urbandale, IA 50322
Preparer
Aihua Fei
Phone
5152597779
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SUPPORTS AND IS CONTROLLED BY THE DES MOINES HERITAGE TRUST, WHICH HAS THE RIGHT TO APPOINT A MAJORITY OF ALL MEMBERS OF THE ORGANIZATIONS BOARD OF DIRECTORS. TIM WADDELL SERVES AS PRESIDENT FOR BOTH ENTITIES. DEREK LORD SERVES AS VP FOR BOTH ENTITIES. JOHN BROWN SERVES AS SECRETARY FOR BOTH ENTITIES. AL TOKHEIM SERVES AS TREASURER FOR BOTH ENTITIES. DIRECTOR ELISABETH BUCK IS PRESIDENT TIM WADDELLS WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL TAX RETURNS FILLING ARE REVIEWED BY THE BOARD PRESIDENT AND TREASURER. ANY SIGNIFICANT ITEMS ARE SHARED WITH THE ENTIRE BOARD AT A REGULARLY SCHEDULE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS CONFLICT OF INTEREST POLICY IS SENT TO BOARD MEMBERS ONCE A YEAR WITH A DISCLOSURE FORM THAT ASKS BOARD MEMBERS TO DESCRIBE INTEREST IN OR RELATIONSHIPS WITH BOTH FOR-PROFIT ENTITIES AND TO DESCRIBE ANY TRANSACTIONS (DIRECT OR INDIRECT) WITH THE ORGANIZATION. BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE ANNUALLY ANY BUSINESS OR FAMILY RELATIONSHIPS WITH OTHER BOARD MEMBERS CONSISTENT WITH THE DISCLOSURE OBLIGATION. BOARD MEMBERS ARE ALSO REGULARLY REMINDED OF THEIR OBLIGATION UNDER THE POLICY FOR POTENTIAL TRANSACTIONS. THE POLICY ALSO PROVIDES A PROCESS FOR REVIEW OF POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT PAY DIRECTORS AND OFFICERS AT THIS TIME. BUT HAS A COMPENSATION SUBCOMMITTEE & APPROPRIATE POLICIES ARE IN PLACE TO REVIEW COMPENSATION ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NO EMPLOYEES AT THIS TIME BUT HAS A COMPENSATION SUBCOMMITTEE & APPROPRIATE POLICIES ARE IN PLACE TO REVIEW COMPENSATION ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES DIGITAL COPIES THE TAX RETURNS AVAILABLE THROUGH PUBLICLY AVAILABLE WEBSITE, AND ALSO PROVIDES THEM TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DES MOINES HERITAGE TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0THE DMHC SUPPORTING THE DMHT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0120 E 5TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DES MOINES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd050309
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03828228
IRS990/TotalAssetsEOYAmt03679717
IRS990/TotalAssetsGrp/BOYAmt03828228
IRS990/TotalAssetsGrp/EOYAmt03679717
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013170
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02954
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0370982
IRS990/TotalFunctionalExpensesGrp/TotalAmt0373936
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01306255
IRS990/TotalLiabilitiesEOYAmt01226446
IRS990/TotalLiabilitiesGrp/BOYAmt01306255
IRS990/TotalLiabilitiesGrp/EOYAmt01226446
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02521973
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02453271
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0370982
IRS990/TotalProgramServiceRevenueAmt0276938
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0276938
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0305234
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03828228
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03679717
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://DESMOINESHERITAGECENTER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM WADDELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05152102396
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DES MOINES HERITAGE CENTER
ReturnHeader/Filer/BusinessNameControlTxt0DESM
ReturnHeader/Filer/EIN0842656275
ReturnHeader/Filer/InCareOfNm0% TIM WADDELL
ReturnHeader/Filer/PhoneNum05152102396
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 E 5TH STREET
ReturnHeader/Filer/USAddress/CityNm0DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050309
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200527398
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ann M Hartz CPA & Associates
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07109 Hickman Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Urbandale
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050322
ReturnHeader/PreparerPersonGrp/PhoneNum05152597779
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AIHUA FEI
ReturnHeader/ReturnTs02025-01-27T17:06:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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