Overview
What is Timber Lake And Area Historical Soc?
Timber Lake And Area Historical Soc is a nonprofit organization based in Timber Lake, South Dakota. With a small team of two dedicated individuals, their primary mission is to preserve historical artifacts from the Timber Lake area. They maintain a museum that attracts around 900 visitors annually, providing a platform to showcase these preserved items. In addition to this, the organization also has a scholarship fund, aiming to support students from the Timber Lake area with their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Timber Lake and Area Historical Society has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall operational practices. The organization scores well in several areas of accountability and finance, including a perfect score for having a majority of independent board members and a solid program expense ratio of 77.67%. This indicates that a significant portion of their funds is directed towards their programs, which is a positive sign for potential donors.
However, the organization faces notable challenges in governance and transparency. Key policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, are missing, which raises concerns about management practices and accountability. Additionally, the absence of the nonprofit's website on their tax forms and a lack of posted tax information on their website further detracts from their transparency profile.
Overall, while Timber Lake and Area Historical Society demonstrates strengths in financial management, significant gaps in governance policies and public information accessibility reflect areas that require attention and improvement to enhance their operational effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Timber Lake And Area Historical Soc legitimate?
Timber Lake And Area Historical Soc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Timber Lake And Area Historical Soc 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: $1,237
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,523
For more financial information, click here
What is the mission statement of Timber Lake And Area Historical Soc?
The Timber Lake And Area Historical Soc has a mission to preserve historical artifacts from the Timber Lake area and offer scholarships to local students. This organization achieves this by maintaining a museum housing these artifacts, which attracts approximately 900 visitors annually. The scholarly fund is a significant part of their mission, providing educational opportunities to young individuals in the area. By preserving the past and investing in the future, the Timber Lake And Area Historical Soc plays a vital role in the community's heritage and development.
Who is the CEO of Timber Lake And Area Historical Soc?
Kathy Nelson is the President of Timber Lake And Area Historical Soc.
What is the revenue of Timber Lake And Area Historical Soc?
Timber Lake And Area Historical Soc's revenue in 2022 was $88,595.
Who are the executives of Timber Lake And Area Historical Soc and what are their salaries?
The average compensation at Timber Lake And Area Historical Soc during 2022 was $10,380. There are 2 employees at Timber Lake And Area Historical Soc.
Here are 9 key members and their salaries:
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- Compensation: $1,237
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Where can I find the form 990 for Timber Lake And Area Historical Soc?
Timber Lake And Area Historical Soc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Timber Lake And Area Historical Soc
The Timber Lake And Area Historical Soc is committed to preserving historical artifacts from the Timber Lake region. This nonprofit organization's mission extends beyond just preservation, as it also provides scholarships to students hailing from the Timber Lake area. By maintaining a museum that showcases these historical artifacts, the society attracts approximately 900 visitors annually, contributing to the educational and cultural enrichment of the community. The Timber Lake And Area Historical Soc plays a significant role in safeguarding the region's past and investing in its future generation of scholars.
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Impact
October, 2024
Timber Lake and Area Historical Society plays a vital role in preserving the cultural heritage of the Timber Lake area by maintaining a museum that houses historical artifacts significant to the community. With approximately 900 visitors annually, the museum serves as an educational resource, fostering a connection between residents and their history. Additionally, by providing scholarships to local students, the organization actively invests in the future of the community while honoring its past. This dual focus on preservation and education strengthens community ties and promotes a deeper appreciation for the region's history among both residents and visitors.
This information is meant to be a general summary of Timber Lake And Area Historical Soc. 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: $44,517
- Program Service Revenue: $8,462
- Gross Receipts: $323,374
Assets and Liabilities:
- Total Assets: $2,165,813
- Total Liabilities: $112,532
- Net Assets: $2,053,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM GIFT SHOP
Revenue
$8,462
Organization Details
Founding Year
1982
Phone
(605) 865-3553Principal Officer
Kathy Nelson
Main Address
PO BOX 181, TIMBER LAKE, SD, 57656
NTEE Category
Code: A80 - Arts
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