Runestone Museum Foundation EIN 23-7391175

Runestone Museum Foundation

Not yet claimed Claim this org →

Preserves regional history and heritage through education and community engagement. For fiscal year 2024 it reported $159K in revenue, $213K in expenses, and $571K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Alexandria, MN
Website
www.runestonemuseum.org
Filings
5 on file (2020–2024)
Revenue
$159KFY2024
Expenses
$213K
Net assets
$571K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7391175 Public charity (501(c)(3)) Alexandria, MN
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Runestone Museum Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Preserves regional history and heritage through education and community engagement.
Leadership
Chad Meyer · President
Money in and out
$159K revenue, $213K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$159K
Pt VIII · Ln 12
Total expenses
$213K
Pt IX · Ln 25
Net assets
$571K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$55K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate▼ -43% vs prior filing year
Surplus margin
-34%
revenue over expenses, this year▲ +53% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$159K
FY2024▲ +59%
Expenses
$213K
FY2024▲ +23%
Total assets
$648K
FY2024▼ -7%
Total liabilities
$77K
FY2024-0.4%
Total revenue
$159K
Pt VIII · Ln 12
Total expenses
$213K
Pt IX · Ln 25
Net assets
$571K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$55K
Total assetsPt X · Ln 16$648K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $151K of program spending, described in the organization's own filed words · FY2024.
01

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.

$151Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRunestone Museum Foundation
EINHdr · item D23-7391175
Principal addressHdr · item CAlexandria, MN
WebsiteHdr · item Jwww.runestonemuseum.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A500)
Ruling yearIRS BMFApr 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Amanda Seim’s $51K as Executive Director is at the 45th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Amanda Seim$50,880$51,076

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Runestone Museum Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Other revenue$67K · 42%
Program service revenue$62K · 39%
Contributions & grants$27K · 17%
Investment income$3K · 2%
Other revenue42%$67K
Program service revenue39%$62K
Contributions & grants17%$27K
Investment income2%$3K
Total revenueLn 12$159K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$151K
Management & general29%$63K
Total functional expensesLn 25$213K

Balance Sheet

Part X · end of year
CashLn 1$152K
Total assetsLn 16$648K
Total liabilitiesLn 26$77K
Total net assetsLn 32$571K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $152K · Operating expenses/yr $213K
8.6 months
Where the money goes
Program services
Program services $151K · Total expenses $213K
71%
Management & General
Management & general $63K · Total expenses $213K
29%
Fundraising
Fundraising $0 · Total expenses $213K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $36K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $159K
17%
Government reliance
Government grants — · Total revenue $159K
Earned-income share
Program service revenue $62K · Total revenue $159K
39%
Investment reliance
Investment income $3K · Total revenue $159K
+2%
Program self-sufficiency
Program service revenue $62K · Total expenses $213K
29%
Growth & trend
Revenue growth (YoY)
This year $159K · Prior year $100K
+59%
Revenue CAGR
FY2020 $153K · FY2024 $159K
+0.9%
Net-asset trend (YoY)
End of year $571K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $159K · Expenses $213K
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $648K
Net-asset ratio
Net assets $571K · Total assets $648K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $648K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chad Meyer · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $213K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $93K · Total expenses $213K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth 59%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
CommunitygivingFY2024$14K
Total grants receivedfrom 1 funder$14K

Similar Organizations

Closest in mission — by what they do
See all organizations like Runestone Museum Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$159K revenue · viewing · ⤓ 990 PDF
FY2023$100K revenue · ⤓ 990 PDF
FY2022$211K revenue · ⤓ 990 PDF
FY2021$163K revenue · ⤓ 990 PDF
FY2020$153K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.