To lead and inspire people to connect with historic places, promoting community vitality

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $303K a year · 27% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $1.7M in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $46K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$539K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$835K
-54% vs prior year
Spent
$1.4M
To programs
58%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$835K
FY2022▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2022$835K
FY2023$855K
FY2024$966K
Expenses
$1.4M
FY2022▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2022$1.4M
FY2023$1.7M
FY2024$1.4M
Net assets
$1.8M
FY2022▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2022$1.8M
FY2023$1.0M
FY2024$640K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $825K Management & general 23% · $324K Fundraising 19% · $274K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$114,895Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Heidi Swank$116,693$118,215$114,895—
Todd Wright———$81,970
Doug Gasek———$54,000

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 Rethos executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects people with historic places to boost community vitality.

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Your first name shows with your question. Rethos answers here, for everyone.

Provided by the organization

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3 programs · $749K · in their own filed words · FY2022
01

Rethos F/K/A preservation alliance of minnesota promotes the use of the main street approach as a tool for downtown revitalization, building reuse, new business development, entrepreneurial support, and community vibrancy. Currently there are 12 designated main street communities and 9 network communities.

$265Kprogram expense
02

We partnered on 1 new real estate project in minnesota. We've helped install artwork in common areas, interpret historical information for the public, and invested in the development of the buildings by leveraging the state historic tax credits.

$256Kprogram expense
03

In 2022, the education program reached 847 students from over 60 unique counties. People learned how to restore wood windows, repair plaster, draft a maintenance plan, and find resources for rehabbing old homes, among other topics. Additionally, realtors were educated through old home certified, a realtor certification course.

$227Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$46K
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$835K
Ln 12
Fees for servicesLn 2g$570K
Gifts and grantsLn 1h$442K
Money outPt IX
$1.4M
Ln 25
Programscol B$825K
Managementcol C$324K
Fundraisingcol D$274K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$209K
Total assetsLn 16$2.3M
LiabilitiesLn 26$539K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$442K
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$570K
Gains on assetsLn 7−$189K
Total revenueLn 12$835K
Assets in detailPt X, end of year
CashLn 1$209K
Cash and savings togetherLn 1–2$209K
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$330K
Total assetsLn 16$2.3M
LiabilitiesLn 26$539K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 515
VolunteersI 6550
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$723K$209K
InvestmentsLn 11–13$1.5M$1.7M
Land, buildings, equipmentLn 10c$335K$26K
Total assetsLn 16$2.7M$2.3M
LiabilitiesLn 26$224K$539K
Net assetsLn 32$2.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$128K$66K$35K$26K
Other salaries and wagesLn 7$564K$292K$155K$117K
Other employee benefitsLn 9$57K$31K$17K$9K
Payroll taxesLn 10$60K$33K$18K$10K
Legal feesLn 11b$10K$8K$2K$519
Accounting feesLn 11c$33K$26K$5K$2K
Other fees for servicesLn 11g$119K$96K$18K$6K
Advertising and promotionLn 12$214K$140K$2K$72K
Office expensesLn 13$127K$76K$38K$13K
OccupancyLn 16$41K$18K$15K$8K
TravelLn 17$28K$21K$6K$1K
Conferences, conventions and meetingsLn 19$23K$13K$790$9K
Depreciation, depletion and amortizationLn 22$1K$645$516$274
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$8K$5K$4K
Total functional expensesLn 25$1.4M$825K$324K$274K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $966K$1.4M−$474K$640K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $855K$1.7M−$880K$1.0M 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $835K$1.4M−$589K$1.8M 990 PDF
FY2021 Not on file
FY2020Filed with the IRS Sep 27, 2021 $1.8M$1.1M$730K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $834,735 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,018,196$441,609
I-9 Program service revenuePrior year $511,898$569,872
I-10 Investment incomePrior year $92,835−$188,509
I-11 Other revenuePrior year $1,788$11,763
I-12 Total revenuePrior year $1,624,717$834,735
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $725,045$809,117
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $715,286$614,993
I-18 Total expensesPrior year $1,440,331$1,424,110
I-19 Revenue less expensesPrior year $184,386−$589,375
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $834,735 across 8 lines filed
VIII-1c Fundraising events$14,155
VIII-1f All other contributions, gifts and grants$427,454
VIII-1h Total contributions, gifts and grants$441,609
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $569,872$569,872
VIII-6 Net rental income or lossUnrelated business $11,763$11,763
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$188,509−$188,509
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $569,872 · Unrelated business $11,763 · Excluded from tax −$188,509$834,735
Part IX · Statement of functional expenses $1,424,110 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,465 · Management $35,344 · Fundraising $26,037$127,846
IX-7 Other salaries and wagesPrograms $292,042 · Management $155,087 · Fundraising $117,247$564,376
IX-9 Other employee benefitsPrograms $30,693 · Management $16,510 · Fundraising $9,488$56,691
IX-10 Payroll taxesPrograms $32,595 · Management $17,533 · Fundraising $10,076$60,204
IX-11b Legal feesPrograms $8,297 · Management $1,556 · Fundraising $519$10,372
IX-11c Accounting feesPrograms $26,339 · Management $4,939 · Fundraising $1,646$32,924
IX-11g Other fees for servicesPrograms $95,595 · Management $17,925 · Fundraising $5,975$119,495
IX-12 Advertising and promotionPrograms $139,927 · Management $2,398 · Fundraising $72,000$214,325
IX-13 Office expensesPrograms $75,993 · Management $37,996 · Fundraising $12,666$126,655
IX-16 OccupancyPrograms $18,176 · Management $15,037 · Fundraising $7,711$40,924
IX-17 TravelPrograms $20,630 · Management $6,449 · Fundraising $1,346$28,425
IX-19 Conferences, conventions and meetingsPrograms $13,314 · Management $790 · Fundraising $9,367$23,471
IX-22 Depreciation, depletion and amortizationPrograms $645 · Management $516 · Fundraising $274$1,435
IX-23 InsuranceManagement $8,492$8,492
IX-24 Other expenses (24a–d)Programs $4,710 · Management $3,765$8,475
IX-25 Total functional expensesPrograms $825,421 · Management $324,337 · Fundraising $274,352$1,424,110
Part X · Balance sheet $2,336,996 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $722,604$209,006
X-4 Accounts receivableStart of year $108,613$27,570
X-9 Prepaid expenses and deferred chargesStart of year $8,132$2,748
X-10c Land, buildings and equipment, netStart of year $334,505$26,177
X-11 Publicly traded securitiesStart of year $1,474,837$1,741,719
X-15 Other assetsStart of year $1,516$329,776
X-16 Total assetsStart of year $2,660,177$2,336,996
X-17 Accounts payable and accrued expensesStart of year $111,363$108,782
X-19 Deferred revenueStart of year $9,777$82,844
X-25 Other liabilitiesStart of year $21,521$347,073
X-26 Total liabilitiesStart of year $224,405$538,699
X-27 Net assets without donor restrictionsStart of year $2,088,710$1,532,415
X-28 Net assets with donor restrictionsStart of year $347,062$265,882
X-32 Total net assets or fund balancesStart of year $2,435,772$1,798,297
X-33 Total liabilities and net assetsStart of year $2,660,177$2,336,996
Part XI · Reconciliation of net assets $1,798,297 net assets at year end
XI-1 Total revenue$834,735
XI-2 Total expenses$1,424,110
XI-3 Revenue less expenses−$589,375
XI-4 Net assets at start of year$2,435,772
XI-5 Net unrealized gains (losses) on investments−$48,100
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,798,297

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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