Historic Marbold Farmstead Association
Nonprofit profile at a glance
- EIN
- 201636875
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-EZ 2023, Form 990-N 2016
- Location
- Greenview, IL, USA
- Phone
- 3124801462
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $109,622
- Expenses
- $121,968
- Assets
- $265,177
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Debra Boykin (President)
- Pat Doyle (Vice President)
People named in this filing
- Debra Boykin (President)
- Pat Doyle (Vice President)
- Theodore Tice (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Preserve the Marbold family homestead as a living example of 19th century farm life in central Illinois by educating, inspiring, and connecting generations through immersive storytelling and preservation.
What it reported doing in 2025
The Association hosts tours for individuals and community organizations, makes property improvements and repairs and assists with operating expenses.The Association hosts many activities throughout the year: The Heritage Festival is a seasonal favorite that brings people together to celebrate the spirit of the Farmstead through live demonstrations, music, food, artisan vendors, vintage tractors and antique farm equipment, tours and history, historical programs, and hands-on fun for all ages. This cherished tradition honors our agricultural heritage and the community that keeps it alive. The Ladies' Tea provides the opportunity to savor delicate treats, engage in thoughtful conversation, and immerse yourself in a fascinating program on 1800s ladies' garmentsall within the charming ambiance of a beautifully preserved historic setting.The Annual Tour de Heartland bike ride offers a scenic and refreshing way to connect with the countryside. Riders of all skill levels enjoy curated routes that pass through peaceful rural landscapes, ending with a community celebration back at the Farmstead.The Annual Dinner and Auction combines good food, good company, and a shared passion for preservationall helping ensure the Farmstead remains a resource for generations to come.The Christmas at Elmwood event invites children and adults into a heartwarming holiday experiencefull of children's crafts, treats, and maybe even a visit from St. Nick. It's just one of many events designed to spark wonder, foster learning, and make memories across all ages.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.2%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.3%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 2.17; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 110.1% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 10% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.2% of spending went to programs
- Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $111K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 18/100.