Overview
What is Ironworld Development Corporation?
Ironworld Development Corporation, with its operational base in Chisholm, Minnesota, serves as the driving force behind the Minnesota Discovery Center. This nonprofit organization's mission is to bridge the gap between the local community and the rich historical and natural heritage of the Iron Range. By offering programming and experiences, they aim to create lasting memories that pay homage to the region's unique human and natural history. Their operations involve employing staff, collaborating with performers, and managing licensing agreements, among other expenses. With a team of 75 dedicated individuals, Minnesota Discovery Center invites both residents and visitors to engage with the area's storied past and create enduring connections to its history.
Official website here: www.mndiscoverycenter.com/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star Rating
Ironworld Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. The high score of 96% indicates a robust commitment to transparency and responsible financial management, which is critical for donor trust and organizational integrity.
The organization stands out with a fully independent board consisting of 10 members, ensuring that governance is free from conflicts of interest. Additionally, it has excellent financial oversight mechanisms in place, with a strong program expense ratio of 78.06%, demonstrating a significant portion of funds directed towards its mission-related activities.
While the data highlights the organization's strengths in governance and financial practices, there are no specific limitations noted in the current overview, suggesting a well-run nonprofit that maintains high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Ironworld Development Corporation legitimate?
Ironworld Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ironworld Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $108,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,147,224
For more financial information, click here
Official website here: www.mndiscoverycenter.com/
What is the mission statement of Ironworld Development Corporation?
The Ironworld Development Corporation, through its Minnesota Discovery Center, aims to provide a space where individuals can engage with the rich history of the Iron Range. This includes both the region's human and natural history. The mission is to create lasting memories that pay tribute to this unique past. The center serves as a connector, fostering a sense of honor and appreciation for the region's history. The visitor services expense of the corporation supports this mission by funding programming, covering staff salaries, performers' fees, licensing agreements, and other related costs.
Official website here: www.mndiscoverycenter.com/
Who is the CEO of Ironworld Development Corporation?
Donna Johnson is the Executive Di of Ironworld Development Corporation.
Official website here: www.mndiscoverycenter.com/
What is the revenue of Ironworld Development Corporation?
Ironworld Development Corporation's revenue in 2022 was $2,992,585.
Official website here: www.mndiscoverycenter.com/
Who are the executives of Ironworld Development Corporation and what are their salaries?
The average compensation at Ironworld Development Corporation during 2022 was $16,742. There are 75 employees and 60 volunteers at Ironworld Development Corporation.
Here are 9 key members and their salaries:
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- Compensation: $92,793
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- Other: $11,820
Official website here: www.mndiscoverycenter.com/
Where can I find the form 990 for Ironworld Development Corporation?
Ironworld Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mndiscoverycenter.com/
Learn more at the official website: www.mndiscoverycenter.com/
Mission Statement of Ironworld Development Corporation
Ironworld Development Corporation plays a significant role in connecting individuals with the rich history of the Iron Range region. By operating the Minnesota Discovery Center, the organization provides a space where residents and visitors can engage with the area's storied past and create lasting memories. This mission is geared towards honoring the region's unique human and natural history, thereby fostering a deeper appreciation for its heritage.
The core activity of Ironworld Development Corporation is centered around the Minnesota Discovery Center, which serves as a bridge between the past and the present. The center offers a variety of experiences and programs that allow people to explore the region's history in an engaging and educational manner. The visitor services expense is a crucial component of this mission, funding staff, performers, licensing agreements, and other related expenses. In essence, Ironworld Development Corporation's mission is to preserve and share the Iron Range's history, creating opportunities for connection and memory-making in a meaningful and memorable way.
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Impact
August, 2024
Ironworld Development Corporation's impact lies in transporting area residents and guests to a space where they can connect with the Iron Range's storied past while creating lasting memories that honor the region's unique human and natural history. Through their visitor services, the organization provides programming in support of their cultural and educational mission, paying staff, performers, licensing agreements, and other related expenses. This allows individuals to engage with the region's heritage, fostering education and appreciation for the Iron Range's history and natural surroundings.
This information is meant to be a general summary of Ironworld Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $425,283
- Program Service Revenue: $133,809
- Gross Receipts: $3,166,022
Assets and Liabilities:
- Total Assets: $14,280,268
- Total Liabilities: $552,013
- Net Assets: $13,728,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$87,138
RESEARCH CENTER
Revenue
$28,008
MEMBERSHIPS
Revenue
$18,663
Organization Details
Founding Year
2005
Phone
(218) 254-7959Principal Officer
Donna Johnson
Main Address
1005 DISCOVERY DRIVE, CHISHOLM, MN, 55719
Website
www.mndiscoverycenter.com/NTEE Category
Code: B90 - Education
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