Historic Marbold Farmstead Association

EIN: 201636875 501(c)(3) Education

Greenview, IL

Total Revenue
$109,622
Total Expenses
$121,968
Total Assets
$265,177
Net Assets
$265,177
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
IL
Principal Officer
Theodore D Tice
Phone
3124801462
Tax Period
2025-01-01 to 2025-12-31

Historic Marbold Farmstead Association, founded in 2004, is a small nonprofit in the Education sector that reported $110K in total revenue in fiscal year 2025. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 11% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $111,289 Revenue: $22,247

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $86,573
Program Service Revenue $22,247
Investment Income $397
Other Revenue $405
TOTAL REVENUE $109,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $111,289
Other Expenses $121,968
TOTAL EXPENSES $121,968

Year-over-Year Comparison

2025 2024 Change
Revenue $109,622 $253,890 -0.6%
Expenses $121,968 $39,708 +2.1%
Net Income $-12,346 $214,182 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debra Boykin President 5.00
Officer Director
$0 $0 $0
Pat Doyle Vice President 1.00
Officer Director
$0 $0 $0
Theodore Tice Treasurer 5.00
Officer Director
$0 $0 $0
Charla Stone Secretrary 1.00
Officer Director
$0 $0 $0
John Boykin Director 1.00
Director
$0 $0 $0
Louis Browne Director 1.00
Director
$0 $0 $0
Melody Bredberg Director 1.00
Director
$0 $0 $0
Tim Bredberg Director 1.00
Director
$0 $0 $0
Lisa Schnell Director 1.00
Director
$0 $0 $0
Charlotte Wohler Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $109,622 $121,968 $265,177 $-12,346
2024 $253,890 $39,708 $277,523 $214,182
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