Nonprofit · EIN 23-7391175
RUNESTONE MUSEUM FOUNDATION
Tax-exempt · ALEXANDRIA, MN 56308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $158,594 | $213,260 | -$54,666 | $647,855 | $76,589 | $571,266 |
| December 31, 2023 | 990 | $99,878 | $173,509 | -$73,631 | $700,344 | $76,923 | $623,421 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $26,770
- Membership dues
- $2,875
- Program service revenue
- $62,032
- Investment income
- $2,562
- Net rental income
- $21,000
- Net income from fundraising events
- $9,967
- Net income from sales of inventory
- $36,263
- Other revenue
- $67,230
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $37,962
- Other salaries and wages
- $48,076
- Salaries, compensation and benefits (total)
- $92,788
- Professional fundraising fees
- $0
- Accounting fees
- $7,051
- Occupancy
- $49,555
- Travel
- $18
- Depreciation
- $11,095
- Program services (functional)
- $150,518
- Management and general (functional)
- $62,742
Balance sheet and other
- Total assets, start of year
- $700,344
- Total assets, end of year
- $647,855
- Total liabilities, end of year
- $76,589
- Net assets, end of year
- $571,266
- Land, buildings and equipment
- $442,203
- Net assets without donor restrictions
- $571,266
- Gross receipts
- $197,262
- Employees
- 7
- Volunteers
- 20
- Year formed
- 1958
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD MEYER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BILL MEYER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MARK HOFF | TREASURER Trustee or director, Officer | 1 | $0 |
| KAREN ERICKSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| GERI ZABROSKY | DIRECTOR Trustee or director | 1 | $0 |
| LYNNE COSMANO | DIRECTOR Trustee or director | 1 | $0 |
| MEGHANN EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD MEYER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BILL MEYER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MARK HOFF | TREASURER Trustee or director, Officer | 1 | $0 |
| KAREN ERICKSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| GERIS ZABROSKY | DIRECTOR Trustee or director | 1 | $0 |
| LYNNE COSMANO | DIRECTOR Trustee or director | 1 | $0 |
| MEGHAN EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 206 BROADWAY ST, ALEXANDRIA, MN 56308-1417
- Principal officer (990 for 2024)
- CHAD MEYER, 206 BROADWAY ST, ALEXANDRIA, MN 56308
- Signed the 990
- CHAD MEYER, PRESIDENT
- Phone
- (320) 763-3160
- Website
- WWW.RUNESTONEMUSEUM.ORG
- Return prepared by
- JENSEN PA
Mission
INFORM OUR FUTURE BY PRESERVING OUR PAST WHILE INSPIRING CURIOSITY ABOUT REGIONAL HISTORY AND HERITAGE THROUGH COMMUNITY ENGAGEMENT AND EDUCATION.
Program accomplishments
- IN 2024, MUSEUM ATTENDANCE CONTINUES TO INCREASE. CHRISTMAS IN THE FORT WAS A SUCCESSFUL EVENT, EVEN THOUGH THE TEMPS WERE EXTREMELY COLD. RENOVATIONS WERE MADE TO THE EXTERIOR OF THE BUILDING, WHICH INCLUDED PAINTING AND LANDSCAPING. IMPROVEMENTS WERE MADE TO THE EXTERIOR OF THE AGRICULTURE BUILDING TO REPAIR DAMAGE CAUSED BY NATURAL WEAR AND TEAR. THE MUSEUM CONTINUES ITS 30 MINUTE RADIO SPOTLIGHT ONCE A MONTH TO PROMOTE THE MUSEUM. WE SUPPORTED COMMUNITY EVENTS SUCH AS THE ALZHEIMER'S WALK AND THE 4-H EXHIBIT GRAND OPENING. A GREAT EFFORT WAS MADE TO CLEAN-UP AND IMPROVE FILES, ARCHIVED INFORMATION, AND GENERAL REPORTING PROCEDURES. THE SCANDINAVIAN HERITAGE AREA HAS BEEN RE-CURATED AND IMPROVED.Expenses $150,518 · revenue $62,032
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7391175
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A500)
- Assets (IRS master file)
- $647,855
- Income (IRS master file)
- $197,262
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $158,594 | $213,260 | $647,855 | XML |
| 990 | December 2023 | $99,878 | $173,509 | $700,344 | XML |
| 990 | December 2022 | $210,971 | $134,247 | $769,998 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7391175).
Questions about RUNESTONE MUSEUM FOUNDATION
- What is the EIN of RUNESTONE MUSEUM FOUNDATION?
- The employer identification number (EIN) of RUNESTONE MUSEUM FOUNDATION is 23-7391175.
- Is RUNESTONE MUSEUM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to RUNESTONE MUSEUM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RUNESTONE MUSEUM FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RUNESTONE MUSEUM FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RUNESTONE MUSEUM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RUNESTONE MUSEUM FOUNDATION?
- The 990 for the year ended December 31, 2024 names CHAD MEYER.
- Who are the officers and directors of RUNESTONE MUSEUM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does RUNESTONE MUSEUM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $158,594, expenses of $213,260 and total assets of $647,855 at year end.
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