Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
Granite Falls Historical Society Granite Falls Historical Society
EIN 91-1500032 • 501(c)3 • Granite Falls, WA
Profile
The Society's mission is to collect, preserve and share the history of the Granite Falls region. We locate, identify, and collect appropriate material, protect and interpret that material, and finally make it available to the greatest possible extent. That includes museum operation, County-wide heritage community involvement, and live and online educational access to our collections.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
93rd percentile
Faster asset growth than 93% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Balance Sheet
Assets
Up$1,066,503
Up $445,433 (+72%) from 2022
Liabilities
Flat$0
Flat from 2022
Net Assets
Up$1,066,503
Up $445,433 (+72%) from 2022
Revenue
Down$56,815
Down $16,947 (-23%) from 2022
Expenses
Up$59,155
Up $23,981 (+68%) from 2022
Net Income
Down-$2,340
Down $40,928 (-106%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990Summary only. Only limited summary data is available for this year.
- Assets
- $1,066,503
- Liabilities
- $0
- Net assets
- $1,066,503
- Revenue
- $56,815
- Expenses
- $59,155
- Net income
- -$2,340
Latest Detailed Filing
The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- May 5, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $77,668
Mission and Program Overview
Mission
The Society's mission is to collect, preserve and share the history of the Granite Falls region. We locate, identify, and collect appropriate material, protect and interpret that material, and finally make it available to the greatest possible extent. That includes museum operation, County-wide heritage community involvement, and live and online educational access to our collections.
Historical Museum - gather and preserve artifacts, pictures, and documents describing the history of Granite Falls WA and the surrounding area, providing physical and online access to all.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $581,601 | $621,070 | ▲ $39,469 |
| Land, Buildings, and Equipment, Net | $417,332 | $417,275 | ▼ $57 |
| Investments in Publicly Traded Securities | $71,111 | $111,030 | ▲ $39,919 |
| Cash and Non-Interest-Bearing Accounts | $48,696 | $47,402 | ▼ $1,294 |
| Savings and Temporary Cash Investments | $9,162 | $9,163 | ▲ $1 |
| Inventories for Sale or Use | $200 | $1,000 | ▲ $800 |
| Accounts Receivable | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $581,601 | $621,070 | ▲ $39,469 |
| Other Assets Total | $35,100 | $35,200 | ▲ $100 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $0 | $0 | → $0 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Other Liabilities | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $581,601 | $621,070 | ▲ $39,469 |
| Total Liabilities and Net Assets / Fund Balance | $581,601 | $621,070 | ▲ $39,469 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $399,737 | $0 | $0 |
| Other Land Buildings | $0 | $0 | $0 |
| Land | $6,500 | - | $0 |
| Equipment | $11,038 | $5,339 | $0 |
| Leasehold Improvements | $0 | $0 | $0 |
| Other Assets Org | $15,200 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Bob Ingraham | Board President |
| Ron Chew | Board Vice-President |
| Angie Rosenkranz | Board member |
| Lisa Schmidt | Board member |
| Marcia Day | Board member |
| Regina Jones | Board member |
| Tom Thorleifson | Board member |
| Robin Ingraham | Board Secretary |
| Scott Bower | Board Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $18,036
- Program Service Revenue
- $58,712
- Investment Income
- $-5,893
- Other Revenue
- $2,907
- All Other Contributions
- $16,328
- Change in Net Assets
- $38,588
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- No
- Third parties used for noncash contributions
- No
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Collectibles | 1 | $100 | Expert opinion |
| Total Noncash Contributions | 1 | $100 | - |
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $35,174 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $11,669 | $0 | $0 | $11,669 |
| Insurance | $0 | $1,575 | $0 | $1,575 |
| Other Expenses | $1,570 | $0 | $0 | $1,570 |
| Fees for Service Investment Mgmnt Fees | $0 | $1,189 | $0 | $1,189 |
| Office Expenses | $613 | $0 | $0 | $613 |
| Information Technology | $423 | $0 | $0 | $423 |
| Conferences and Meetings | $60 | $0 | $0 | $60 |
| Total Functional Expenses | $32,410 | $2,764 | $0 | $35,174 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $4,588 |
| Fundraising Direct Expenses | $2,137 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
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
- No
- Other officer compensation reviewed
- No
- 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, Part VI, Section A, Line 2
“The Organization's President and Secretary are married. This is a small city all-volunteer museum and finding sufficient volunteers to fill all time-Consuming roles can be challenging. Their voting is independent.”
Form 990, Part VI, Section A, Line 6
“Yes, we have paid "memberships, with both "annual and "life" memberships available.”
Form 990, Part VI, Section A, Line 7A
“Our membership comes from throughout the region, and we hold public meetings at which the membership annually elects new Board members. The Board subsequently chooses the officers for the coming year. There are nine Board members serving staggered 3-year terms, so there are typically three new Board members elected each year. The student Board member is also chosen, when available, during the annual election.”
Form 990, Part VI, Section B, Line 11B
“Our financial records are reviewed/reported monthly at our public monthly organizational meeting. A year-end summary is sent to all Board members in January and discussed at the public meeting. Form 990 is sent to Board members electronically for review before it is submitted.”
Form 990, Part VI, Section C, Line 19
“Our financial records are updated and reported during our monthly public organizational meetings. A formal report is provided to all attendees and recorded by the secretary. Copies of all records are provided upon request. We received no requests during 2022 from other organizations, although we submitted formal reports to a County Historic Preservation Commission for reimbursement of expenses covered by two grants they had approved.”
Filing and Contact Details
Filer
- Filer Name
- Granite Falls Historical Society
- EIN
- 91-1500032
- Phone
- 3606912603
- Address
- PO Box 1414, Granite Falls, WA 98252
Signing Officer
- Name
- Scott Bower
- Title
- Treasurer
- Phone
- 4258793278
- Signed
- 2023-05-05
Organization Details
- Principal Officer
- Robert Ingraham
- Formed
- 1971
- Legal Domicile
- Wa
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 0
- Volunteers
- 27
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 4D
“Minor program expenses not specific to any of the three aforementioned programs, including AASLH membership, safety deposit box, and fire inspection.”
Form 990, Part XI, Line 9
“We had a non-cash donation valued at $100 that increased our collection value. We ended the year with an increase of $800 in branded inventory. We moved $47,000 from our operating funds into our investment account (returning unused construction funds that had previously been moved from the investment account to our operating funds). An increase in cost basis of our land/building/equipment was more than offset by depreciation, leading to a slight decrease in total "value".”
Financial Statement Notes
Schedule D, Part III, Line 4
“The vast majority of our collection and donations are pictures and documents pertaining to the history of our area. Those items are digitized and converted to searchable electronic images and documents that can be used for research. Research is typically limited to the immediate area of Granite Falls and Snohomish County. Specific equipment unique to the transportation and industry of our city is also on display, along with home, school, and business items that help document the historic environment.”
Raw XML AppendixShowing 400 of 738 raw XML fields
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/Desc | 0 | MUSEUM OPERATION - Our major expense is the operation of the physical museum. Occupancy, insurance, depreciation, and construction/equipment top the list. Revenue is the admission/donation box. While admission to the museum is free, we received $40,200 in donations and grants specifically for museum expansion and equipment, and those are considered revenue here because their use was restricted solely to physical museum improvement. We were open every Sunday in 2022, and opened over 25 times for out-of-town visitors who phoned in to arrange weekday visits. |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Board member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Vice-President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board member |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1971 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
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| IRS990/FundraisingGrossIncomeAmt | 0 | 4588 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GamingDirectExpensesAmt | 0 | 0 |
| IRS990/GamingGrossIncomeAmt | 0 | 0 |
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| IRS990/GrossReceiptsAmt | 0 | 77668 |
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| IRS990/GrossRentsGrp/RealAmt | 0 | 0 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 2192 |
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| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 423 |
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| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 111030 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LegalDomicileStateCd | 0 | WA |
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| IRS990/MembersOrStockholdersInd | 0 | 1 |
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| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 33 |
| IRS990/MissionDesc | 0 | The Society's mission is to collect, preserve and share the history of the Granite Falls region. We locate, identify, and collect appropriate material, protect and interpret that material, and finally make it available to the greatest possible extent. That includes museum operation, County-wide heritage community involvement, and live and online educational access to our collections. |
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| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 621070 |
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| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 423 |
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| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
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| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 613 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 613 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 35200 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 881 |
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| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Construction expenses - heat ducts |
| IRS990/OtherExpensesGrp/Desc | 1 | Equipment (cabinet tray, router, phone) |
| IRS990/OtherExpensesGrp/Desc | 2 | Historic Newspaper digitization |
| IRS990/OtherExpensesGrp/Desc | 3 | County museum cybertour hosting ($1404) plus fire inspec, AASLH membership, safety deposit box, etc. |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 745 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 337 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 16993 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 1570 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 745 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 337 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 16993 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1570 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 33 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 0 |
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| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
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| IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Robert Ingraham |
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