Overview
What is Golden Valley Historical Society?
The Golden Valley Historical Society is a nonprofit organization situated in Golden Valley, Minnesota. Their primary focus is the collection, preservation, and dissemination of historical artifacts related to the City of Golden Valley. To achieve this mission, they organize various activities such as sponsoring classes and events in collaboration with local city departments, holding membership meetings, and publishing newsletters. They also lend out archival items to local businesses and government entities for use. In addition, they engage in cooperative endeavors with the City, showcasing their commitment to the community's rich heritage.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Golden Valley Historical Society has received a low rating primarily due to its lack of independent board members and missing governance policies. With a score of 53%, it indicates that there are significant areas for improvement in the organization's accountability and financial practices. While it scores well in program expense ratio, indicating that a high percentage of its budget is directed towards its programs, the absence of key operational policies raises concerns about its overall governance.
The organization has a solid performance in terms of material diversion of assets and liabilities to assets ratio, both scoring well. However, the lack of transparency reflected in missing policies for conflict of interest, whistleblower protections, and documentation retention is troubling. Additionally, the failure to provide a website listed on the tax form and to post its tax filings publicly suggests a need for improved communication with stakeholders.
Overall, while the Golden Valley Historical Society demonstrates commitment to its programs, enhancing its governance structures and increasing transparency will be crucial for improving its rating and gaining public trust. Addressing the noted limitations will be essential for the organization to foster credibility and ensure sustainable operations in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Valley Historical Society legitimate?
Golden Valley Historical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Valley Historical Society 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.
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What is the mission statement of Golden Valley Historical Society?
The Golden Valley Historical Society is dedicated to gathering, safeguarding, and disseminating historical artifacts related to the City of Golden Valley. Their mission involves collecting and preserving these artifacts, utilizing them to enrich the community. They achieve this by hosting events and classes in collaboration with various city departments, publishing newsletters, and lending out archival items to local businesses and government entities. In essence, the society's objective is to share and celebrate the city's history, promoting an understanding and appreciation of its past.
Who is the CEO of Golden Valley Historical Society?
Steve Schmidgall is the Secretary of Golden Valley Historical Society.
What is the revenue of Golden Valley Historical Society?
Golden Valley Historical Society's revenue in 2023 was $82,536.
Who are the executives of Golden Valley Historical Society and what are their salaries?
There 15 volunteers at Golden Valley Historical Society.
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Where can I find the form 990 for Golden Valley Historical Society?
Golden Valley Historical Society's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Golden Valley Historical Society
The Golden Valley Historical Society, as its name suggests, is dedicated to an essential mission. This mission revolves around the collection, preservation, and dissemination of artifacts that represent the City of Golden Valley's rich history. By embracing this role, the organization serves as a custodian of its community's past, safeguarding and sharing the stories and relics that define its identity.
To accomplish this mission, the Golden Valley Historical Society engages in various activities. It accepts donated artifacts, which serve as primary sources that provide insights into the city's history. Beyond this, the organization also hosts events and classes in collaboration with various City of Golden Valley departments. These initiatives not only contribute to the preservation of historical artifacts but also engage the community in learning about their shared past.
Furthermore, the Golden Valley Historical Society produces newsletters and lends out archival items to local businesses and government entities. This proactive approach to sharing the city's history ensures that its story is not only preserved but also accessible, allowing the wider community to connect with and appreciate its heritage. Through these efforts, the Golden Valley Historical Society plays a crucial role in cementing the City of Golden Valley's legacy for future generations to discover and appreciate.
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Impact
October, 2024
The Golden Valley Historical Society plays a crucial role in the preservation and dissemination of the city’s rich history. By collecting and maintaining artifacts, they ensure that the legacy of Golden Valley is not only preserved but also accessible to the community. Their activities, including hosting membership meetings and sponsoring educational classes and events with various city departments, foster a deeper understanding and appreciation of local history.
Additionally, the society contributes to the cultural vibrancy of Golden Valley through regular newsletters, which keep the community informed about historical matters and events. By lending archival items to local businesses and government entities, they facilitate a connection between the past and present, enhancing the historical context of the city’s development. Overall, the impact of the Golden Valley Historical Society is felt in its ability to engage residents, promote local heritage, and create a sense of identity within the community.
This information is meant to be a general summary of Golden Valley Historical Society. 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 2023.
- Investment Income: $2,011
- Gross Receipts: $82,586
Assets and Liabilities:
- Total Assets: $553,616
- Total Liabilities: $0
- Net Assets: $553,616
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Organization Details
Founding Year
1974
Principal Officer
Steve Schmidgall
Main Address
7800 Golden Valley Rd, Golden Valley, MN, 554274508
NTEE Category
Code: A54 - Arts
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