Lincoln County Historical Association
- Assets
- $729.6k
- Revenue
- $117.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Wiscasset, ME
- Founding
- 07/1955
- Data as of
- 12/2021
- EIN
- 01-0239808
Organization Overview
Lincoln County Historical Association is located in Wiscasset, ME. The organization was established in 1955. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lincoln County Historical Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln County Historical Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lincoln County Historical Association generated $117.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $102.9k during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, PRESERVE, AND INTERPRET THE HISTORY OF LINCOLN COUNTY, MAINE, WHICH ONCE EXTENDED FROM BRUNSWICK TO CANADA. WE ARE STEWARDS OF THREE HISTORICAL BUILDINGS: THE 1761 POWNALBOROUGH COURT HOUSE IN DRESDEN, THE 1811 OLD JAIL IN WISCASSET, AND THE 1754 CHAPMAN-HALL HOUSE IN DAMARISCOTTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINTENANCE OF 3 HISTORICAL PROPERTIES
SPONSORED LECTURES, HELD ENCAMPMENTS WITH PERIOD RE-ENACTERS.NONE DURING CURRENT YEAR
EDUCATION OUTREACH PROGRAM TO AREA SCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Brewer Treasurer | OfficerTrustee | 5 | $0 |
Michael Cheney President | OfficerTrustee | 10 | $0 |
Linda Pope Secretary | OfficerTrustee | 10 | $0 |
Ryan Larochelle Vice President | OfficerTrustee | 2 | $0 |
Joe Zoellers Trustee | Trustee | 2 | $0 |
George Keyes Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,776 |
| Total Program Service Revenue | $785 |
| Investment income | $16,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,493 |
| Net Income from Fundraising Events | $18,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,029 |
| Compensation of current officers, directors, key employees. | $12,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,731 |
| Fees for services: Other | $0 |
| Advertising and promotion | $411 |
| Office expenses | $7,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,893 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,621 |
| All other expenses | $0 |
| Total functional expenses | $102,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,133 |
| Savings and temporary cash investments | $55,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $239,300 |
| Investments—publicly traded securities | $373,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $729,595 |
| Accounts payable and accrued expenses | $10,100 |
| Grants payable | $12,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,100 |
| Net assets without donor restrictions | $60,222 |
| Net assets with donor restrictions | $647,273 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $729,595 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lincoln County Historical Association has recieved totaling $14,965.
| Awarding Organization | Amount |
|---|---|
Burns Family Foundation Inc Damariscotta, ME PURPOSE: EDUCATIONAL OUTREACH | $12,000 |
Theodore M Louana H And Monica A Frois Family Foundation Inc Houston, TX PURPOSE: GENERAL CHARITABLE PURPOSES | $1,465 |
Elsie & William Viles Foundation Augusta, ME PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Reny Charitable Fndtn Tr Ua 010193 Gr Robert H & Carolyn D Reny Newcastle, ME PURPOSE: UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $376,815 |
| Earnings | $40,451 |
| Admin Expense | $2,731 |
| Other Expense | $6,562 |
| Ending Balance | $407,973 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Old York Historical Society York, ME | $9,131,743 | $731,758 |
Portsmouth Historical Society Portsmouth, NH | $3,776,411 | $3,186,969 |
Historical Society Of Cheshire Cty Keene, NH | $6,912,081 | $683,273 |
Victoria Mansion Portland, ME | $7,456,026 | $975,130 |
Greater Portland Landmarks Inc Portland, ME | $2,715,292 | $431,780 |
Maine Preservation Yarmouth, ME | $1,039,325 | $459,368 |
Castine Historical Society Inc Castine, ME | $8,350,405 | $605,426 |
Trustees Of Bloomfield Academy Skowhegan, ME | $2,438,254 | $591,288 |
Rockland Historical Society Rockland, ME | $48,909 | $54,735 |