2024-10-16T15:21:39-05:00 2023-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-01-01 426072050 Dubuque County Historical Society DUBU 5635579545 350 E 3rd St Dubuque IA 52001 Kurt Strand President & CEO 5635579545 2024-10-16 1 1 Deb Nelson CPA P01264758 6122536500 2024-10-09 2023 2024-10-15 13:58:12Z National Mississippi River Museum & Aquarium and National Rivers Hall of Fame Kurt Strand 350 E 3rd St Dubuque IA 52001 7707399 0 X www.rivermuseum.com X 1950 IA To interpret and protect the life, history and culture of our region and rivers. 22 22 214 128 372831 0 2898821 2523584 2834900 3218943 218802 373815 803756 953766 6756279 7070108 0 0 0 0 3458005 3803847 34824 0 264017 4460359 5089303 7953188 8893150 -1196909 -1823042 40316100 38357853 3920791 3204140 36395309 35153713 X To inspire stewardship by creating educational experiences where history and rivers come alive. 0 0 7798276 3602131 The Dubuque County Historical Society is comprised of the National Mississippi River Museum & Aquarium, which includes the William M. Black dredge steamboat (a National Landmark), National Rivers Hall of Fame, RiverWorks Discovery, and other historic buildings and vessels on its 14-acre campus; and the Mathias Ham Historic Site, which includes Mathias Ham's Italianate villa, Iowa's oldest building, and other historic and recreated structures on the two-acre site. Museum operations and collections - The Museum is open 363 days of the year and served 198,004 onsite guests in 2023. The operations included inspiring stewardship by creating educational experiences where history and rivers come alive! Continued on Schedule O.The collection consists of 2,240 animals of 242 species in our living collection and 21,665 artifacts/objects in our historical collection. We also have 4,400 linear feet of archival material and 8,500 books in our research library. Many of the collections are on display in the 3 buildings on both sites, including the library which serves as a research site.Museum education - The Museum provided special programming for 9,564 student groups, 9,935 adult groups and 15,365 people off-site in 2023. 7798276 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 214 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN IL WI X Thomas Lange 5635579545 350 E 3rd St Dubuque IA 52001 Tom Woodward Chair 2.00 X X 0 0 0 Jim Gantz Vice Chair 2.00 X X 0 0 0 Francis A Murray Secretary 2.00 X X 0 0 0 Sarah Hasken Treasurer 2.00 X X 0 0 0 Lori Thielen Director 2.00 X 0 0 0 Carol Bitter Director 2.00 X 0 0 0 Mark Dickson Director 2.00 X 0 0 0 Alex Dixon Director 2.00 X 0 0 0 Ernestine Moss Director 2.00 X 0 0 0 Chuck Schrup Director 2.00 X 0 0 0 Dean Wilgenbusch Director 2.00 X 0 0 0 Gina Blasen Director 2.00 X 0 0 0 Tim Butler Director 2.00 X 0 0 0 Ken Furst Director 2.00 X 0 0 0 Teri Goodmann Director 2.00 X 0 0 0 Wendy Knight Director 2.00 X 0 0 0 John M Bickel Director 2.00 X 0 0 0 Poppy Conlon Director 2.00 X 0 0 0 Chad Wolbers Director 2.00 X 0 0 0 Tyson Leyendecker Director 2.00 X 0 0 0 Amy Hawkins Director 2.00 X 0 0 0 Jeff Mozena Director 2.00 X 0 0 0 Kurt Strand CEO 40.00 X 255899 0 19018 Thomas Lange VP of Finance & Operations 40.00 X 79181 0 10558 335080 0 29576 1 0 1 0 J&D Catering 6835 Columbus St New Vienna IA 52065 Catering Services 195563 Epic Construction 3749 Kilian Ln Kieler WI 53812 Construction 147690 Communications Engineering Company 4099 McDonald Dr Dubuque IA 52003 IT, Servers 135482 Charles Products LLC 12290 Wilkins Ave Rockville IA 20852 Retail Merchandise 131319 4 448289 30729 125949 1918617 86609 2523584 Museum Admissions 711110 2538876 2538876 Tours and Historic Dining 561520 378701 5870 372831 301366 301366 3218943 182563 182563 99584 0 99584 99584 99584 319619 128367 191252 191252 191252 126098 30729 27935 98163 98163 1237008 480989 756019 756019 7070108 3602131 372831 571562 364657 109967 227198 27492 2866046 2432556 243121 190369 43600 40828 2772 250580 207941 25471 17168 278964 220907 39237 18820 1929 1929 26345 26345 35285 35285 339229 313470 18363 7396 274747 274747 441936 401584 40352 51335 51335 564298 564298 48864 48864 17845 8874 8971 163849 163849 1905530 1905530 161826 161826 Food 293267 293267 Education Expenses 254942 254942 Repairs & Maintenance 171851 171851 Collection Expenses 135694 135694 200531 199795 736 8893150 7798276 830857 264017 5300 6300 1902529 532332 1342862 1219162 81330 78438 346253 384559 157498 64512 62253185 32695816 30571254 29557369 5909074 6515181 40316100 38357853 662321 555961 809984 896480 2448486 1751699 3920791 3204140 X 31847078 30472776 4548231 4680937 36395309 35153713 40316100 38357853 -1823042 581446 0 X 0 1 X 1 1 1 X 2306097 4279245 5369213 2898821 2523584 17376960 2935280 1539736 3411669 3662618 4083120 15632423 5241377 5818981 8780882 6561439 6606704 33009383 220755 1778018 1396603 267633 283605 3946614 250224 250224 470979 1778018 1396603 267633 283605 4196838 28812545 282732 120889 219360 254914 282147 1160042 5479 5479 282732 120889 224839 254914 282147 1165521 16833 57189 57962 98163 230147 883 883 5524109 5956703 9062910 6875198 6987014 34405934 0.83740 0.83120 0.03390 0.03690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 1 0 1 1 16.00 670 1 X X 0 5613621 20000 860441 304641 6189421 6832962 597152 -1192228 624265 5613621 5844348 848078 783868 643332 6832962 5650310 305000 771573 882535 5844348 5821972 145911 317573 5650310 0.40250 0.59750 0.00000 1 0 150242 150242 32977410 15589568 17387842 1105623 747409 358214 28019910 16358839 11661071 29557369 X 8399128 581446 273935 855381 7543747 35285 -508924 -473639 7070108 9640724 273935 508924 782859 8857865 35285 35285 8893150 Part II, Line 9: The conservation easements are reported in property and equipment on the Balance Sheet. The facade easement includes a restriction which preserves the entire exterior of the building, including the front, sides, rear, and height of the building and prohibits any change in the exterior of the building which in inconsistent with the historical character of such exterior. A written agreement was entered into with the donor certifying that the donee organization has the resources to manage the historic preservation property and is committed to do so. Part III, Line 1a: The Society's collections are made up of artifacts of historical significance, art objects and similar assets that are held for educational, research, and curatorial purposes. Each of the items is 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 to be used to acquire other items for collections. The collections, which were acquired through purchases and contributions since the Society's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Part III, Line 4: The River Museum and Historical Society have collections that interpret the dynamic story of life on the Mississippi River, the rivers of America, and Dubuque, Iowa. They include buildings, boats, artifacts, tools, trade items, settlement artifacts, paintings, original manuscripts, books, and other materials which help interpret the history of Dubuque, the Mississippi River, and the Nation. Part V, Line 4: The board has stipulated the allocation of investment income in excess of 5% annual return be added first, to permanently restricted investments, with the excess to operating investments. As it is the society's policy not to spend down the endowment funds, the society believes that the current spending policy, despite occasional adverse market conditions, will allow it to meet its objectives. This is consistent with the society's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment returns. Part X, Line 2: Management believes that the Organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: COGS Reclassed to Revenue -480,989. Special Event Expenses Reclassed to Revenue -27,935. Part XII, Line 2d - Other Adjustments: COGS Reclassed to Revenue 480,989. Special Event Expenses Reclassed to Revenue 27,935. Captains Ball 156827 30729 126098 11457 695 15783 156827 30729 126098 11457 695 15783 27935 98163 X X X 0 0 0 0 0 0 0 0 0 Kurt Strand CEO 223899 0 32000 0 0 0 10715 0 8303 0 274917 0 0 0 X 3381 Thrift store value X 1 50000 Cost X Auction items - Captain's Ball 50 30729 Selling price X Hotel Rooms 1 2500 Avg Room Rate 0 0 0 0 Part I, Column (b): The Organization reported the number of contributions received in Part I, column (b). Form 990, Part VI, Section A, line 1a The Executive Committee is composed of the officers of the corporation and three additional board members who are elected at the first regular meeting of the board each year. The Executive Committee is responsible to conduct urgent business of the corporation in between regularly scheduled meetings of the board and any other duties assigned by the board. It also serves as the personnel committee to review the annual performance of the President/CEO and negotiate his/her confidential compensation within the budget parameters established by the board. The Chair, or in his absence the Vice-Chair, Secretary, and Treasurer, in succession, shall preside at all meetings of the Executive Committee. The meetings of the Executive Committee are called by the Chair or upon his/her inability or refusal-to act by the Vice-Chair. Form 990, Part VI, Section B, line 11b The Form 990 is provided to the governing body before it is filed. The President and CEO and Vice President of Finance & Operations review the Form 990. Form 990, Part VI, Section B, line 12c The Organization's officers and governing board are required to sign a conflict of interest policy annually thus monitoring any potential conflicts. Any duality of interest or possible conflict of interest on the part of any board member is disclosed to the other members of the board and made a matter of record through an annual procedure and also when the interest becomes a matter of board action. Any board member having a duality of interest or possible conflict of interest on any matter shall not vote or use his or her personal influence on the matter. The minutes of the meeting reflect the disclosure, the abstention from voting, and the Quorum situation. Any new member of the board is advised of this policy upon entering on the duties of office. The forms are reviewed by the board Chair and if a potential conflict is identified the board Chair follows up. Form 990, Part VI, Section B, line 15 The process for determining compensation for the Organization's President and CEO and Vice President of Finance & Operations is based on annual evaluations, wage scales, and board approval. This includes review of wages in comparison to comparable positions. The Organization documents and provides substantiation for the compensation process regularly. The process is undertaken at the end of each fiscal year for the next fiscal year. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are not available to the public. Financial information and information concerning the conflict of interest policy is available through the public disclosure copy of the Form 990.