Bethel Historical Society
- Assets
- $1.4m
- Revenue
- $99.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Bethel, ME
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 01-0327007
Organization Overview
Bethel Historical Society is located in Bethel, ME. The organization was established in 1998. 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 12/2022, Bethel Historical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethel Historical Society 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 12/2022, Bethel Historical Society generated $99.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $146.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PRESERVE THE HISTORY OF BETHEL, MAINE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVED HISTORICAL ARTIFACTS AND MADE THEM AVAILABLE FOR RESEARCH AND EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alec Newell Trustee | Trustee | 1 | $0 |
Heather Hale-Nivus Trustee | Trustee | 1 | $0 |
Catherine Newell Trustee | Trustee | 1 | $0 |
Edward Robertson Trustee | Trustee | 0 | $0 |
John Walker Trustee | Trustee | 1 | $0 |
David Nivus Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,176 |
| Fundraising events | $3,690 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,306 |
| Total Program Service Revenue | $0 |
| Investment income | $6,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,082 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,189 |
| Fees for services: Other | $0 |
| Advertising and promotion | $696 |
| Office expenses | $9,994 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,246 |
| 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 | $33,115 |
| Insurance | $8,751 |
| All other expenses | $7,477 |
| Total functional expenses | $146,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,658 |
| Savings and temporary cash investments | $3,342 |
| 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 | $27,327 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $681,191 |
| Investments—publicly traded securities | $613,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,399,418 |
| Accounts payable and accrued expenses | $635 |
| Grants payable | $0 |
| 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 | $635 |
| Net assets without donor restrictions | $1,248,985 |
| Net assets with donor restrictions | $149,798 |
| 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 | $1,399,418 |