EIN 41-1967683

Legacy of the Lakes Museum

IRS 501(c) type
501(c)(3)
Num. employees
9
City
Alexandria
Year formed
1999
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Legacy of the Lakes Museum promotes and preserves the history and culture of Minnesota lake life through interpretive exhibits, educational programs, collections management, and special events. The museum attendance continued to rebound from covid impacts, with 4,856 visitors attending - an increase of 637 from 2021 - and three times as many as in 2020. Visitors came from 7 countries, 33 states, and 149 Minnesota towns. Additionally, the museum's "We are Water MN" traveling exhibit was viewed by 2 people.
Also known as...
Minnesota Lakes Maritime Society
Total revenues
$1,532,281
2023
Total expenses
$593,530
2023
Total assets
$4,775,602
2023
Num. employees
9
2023

Program areas at Legacy of the Lakes Museum

Museum attendance during the season was 4,733, a continued upward trend after covid. Visitor statistics show a 17.5% increase in number of states represented, a 32% increase in number of mn towns represented, a 51% increase in first-time visitors and a 38% increase in repeat visitors. Funding from the tahoe Maritime foundation allowed an increase in the number of education programs offered from 9 to 30 serving 816 participants, up 88% from 2022. Three new exhibits were mounted, incorporating new exhibit cases and ipads with interactive programs. A rare 1934 triple- cockpit graveatte used by the 3m company at it's resort in park rapids, mn was accepted into the collection. the annual boat show, family day and music in the gardens concerts all had an increase in attendance.

Who funds Legacy of the Lakes Museum

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$34,050
Driscoll FoundationGarden Revitalization and Capital Improvements$25,000
CommunityGivingGen/oper Support$23,660
...and 8 more grants received

Personnel at Legacy of the Lakes Museum

NameTitleCompensation
Carol SwensonExecutive Director$77,000

Financials for Legacy of the Lakes Museum

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,480,684
Program services$45,577
Investment income and dividends$13,101
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$2,080
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-13,920
Net income from gaming activities$0
Net income from sales of inventory$4,234
Miscellaneous revenues$525
Total revenues$1,532,281

Form 990s for Legacy of the Lakes Museum

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-10-25990View PDF
2021-122022-09-06990View PDF
2020-122021-06-24990View PDF
2019-122021-02-19990View PDF
...and 10 more Form 990s
Data update history
February 21, 2025
Updated personnel
Identified 1 new personnel
January 20, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 18, 2025
Received grants
Identified 1 new grant, including a grant for $23,660 from CommunityGiving
October 23, 2024
Received grants
Identified 2 new grant, including a grant for $15,000 from Lauritzen Foundation
May 19, 2024
Received grants
Identified 5 new grant, including a grant for $30,350 from The Minneapolis Foundation
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
MembershipsFundraising eventsState / local levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
PO Box 1216
Alexandria, MN 56308
County
Douglas County, MN
Website URL
legacyofthelakes.org/ 
Phone
(320) 759-1114
IRS details
EIN
41-1967683
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A54: History Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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