Farmington Historical Society Inc
- Assets
- $543.8k
- Revenue
- $34.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, ME
- Founding
- 11/1981
- Data as of
- 12/2022
- EIN
- 01-0377985
Organization Overview
Farmington Historical Society Inc is located in Farmington, ME. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Historical Society Inc 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, Farmington Historical Society Inc generated $34.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $47.5k 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
THE FARMINGTON HISTORICAL SOCIETY INC. MISSION IS TO DISCOVER, PROCURE AND PRESERVE THE HISTORY OF FARMINGTON MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED RESTORATION AND PRESERVATION OF THE OCTAGON HOUSE. THIS WAS FUNDED FROM GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Maxham Treasurer | Officer | 3 | $0 |
Jane Woodman President | Officer | 25 | $0 |
Emile Richard Vice President | Officer | 5 | $0 |
Nancy Flick Trustee | Trustee | 1 | $0 |
Dan Maxham Trustee | Trustee | 2 | $0 |
Layne Nason Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,080 |
| Fundraising events | $1,479 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,638 |
| Total Program Service Revenue | $0 |
| Investment income | -$5,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,446 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,049 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $255 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $572 |
| Information technology | $234 |
| Royalties | $0 |
| Occupancy | $22,804 |
| 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 | $7,544 |
| All other expenses | $16,129 |
| Total functional expenses | $47,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $31,669 |
| 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 | $471,000 |
| Investments—publicly traded securities | $40,958 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,827 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $31,870 |
| Paid-in or capital surplus, or land, building, or equipment fund | $471,000 |
| Retained earnings, endowment, accumulated income, or other funds | $40,957 |
| Total liabilities and net assets/fund balances | $543,827 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Farmington Historical Society Inc has recieved totaling $15,435.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Building Improvement | $15,435 |
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 |