The Village Inc

Nonprofit profile at a glance

EIN
821588804
IRS 990-EZ coverage
2017–2021
Forms available
Form 990-EZ 2021
Location
Willmar, MN, USA
Phone
3204447360
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Museum, Museum Activities

Reported finances

Revenue
$89,777
Expenses
$87,552
Assets
$42,749

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • PAULA SMITH (President)

People named in this filing

  • PAULA SMITH (President)
  • SARAH VAN BEEK (Treasurer)
  • JERON SMITH (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A children's museum to bring a cultural, academic, and physical form of activity to this geographical area.

What it reported doing in 2021

This past year we provided the following classes, activities, and exhibits: STEM activities were provided throughout the year, both during the summer and the school year. Activities included special art projects, a unit on weather, classes that introduced children to various parts of the world, and technology days at The Village which allowed children to interact with our Smart Board. We have provided story times which introduced children to literature with a hands-on activity associated with the story. Sessions of Music and Movement were offered allowing children to explore the art of music and participate by using instruments and movement. Our normal exhibits include a second level play area with a slide for active play, a grocery store, reading area, doctors office, foam pit, restaurant, building area, art area including a plexiglass divider for painting, a soft play area for young children, a wind tunnel, light table, and other exhibits to keep children engaged.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78%; rating input score 78
  • Program expense ratio: 80%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.5%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.4%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -15.2% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 55th percentile among comparable filings
  • Asset growth: -0.6% per year; rating input score 0; 35th percentile among comparable filings

Details

  • Where the money goes: 78% of revenue deployed · 80% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $70K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2017 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.