Portsmouth Historical Society
- Assets
- $3.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Portsmouth, NH
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 02-0240383
Organization Overview
Portsmouth Historical Society is located in Portsmouth, NH. The organization was established in 1993. 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, Portsmouth Historical Society employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portsmouth 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 12/2021, Portsmouth Historical Society generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $789.4k during the year ending 12/2021. While expenses have increased by 5.3% 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 PROVIDE A CENTRAL CITY LOCATION WHERE, IN COOPERATION WITH OTHER HISTORIC GROUPS, WE CAN INTRODUCE, INTERPRET, AND STIMULATE THE STUDY OF PORTSMOUTH HISOTRY. ACTIVITIES INCLUDE COLLECTING, PRESERVING, AND INTERPRETING EXAMPLES OF THE MATERIAL AND SOCIAL CULTURE OF PORTSMOUTH; PRESENTING PROGRAMS AND EXHIBITS; AND OPERATING A HISTORIC HOUSE MUSEUM AND A VISITOR CENTER THAT SERVES AS A GATEWAY TO PORTSMOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTSMOUTH HISTORICAL SOCIETY, FOUNDED IN 1917, IS A NONPROFIT DEVOTED TO CHAMPIONING THE HISTORY, ARTS, & CULTURE OF THE PORTSMOUTH REGION THROUGH ACQUISITIONS, PRESERVATION, MUSEUM EXHIBITIONS, PROGRAMS, AND PUBLICATIONS. IT OPERATES TWO FACILITIES: DISCOVER PORTSMOUTH AND THE 1758 JOHN PAUL JONES HOUSE MUSEUM AND GARDEN, A NATIONAL HISTORIC LANDMARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Lemay Executive Director | Officer | 40 | $65,777 |
Reagan Ruedig Vice President | Trustee | 4 | $0 |
Richard M Candee Board Member | Trustee | 4 | $0 |
Charles Doleac Board Member | Trustee | 4 | $0 |
Michaela Neiro Board Member | Trustee | 4 | $0 |
Edward Mallon Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,958,085 |
| Noncash contributions included in lines 1a–1f | $1,203,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,958,085 |
| Total Program Service Revenue | $50,701 |
| Investment income | $1,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $61,294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,186,969 |
| 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. | $65,777 |
| Compensation of current officers, directors, key employees. | $42,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,511 |
| Payroll taxes | $34,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,345 |
| Fees for services: Accounting | $7,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,804 |
| Advertising and promotion | $4,720 |
| Office expenses | $13,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $679 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,796 |
| Insurance | $13,706 |
| All other expenses | $21,760 |
| Total functional expenses | $789,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,379,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,211 |
| Accounts receivable, net | $30 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,786 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,351,245 |
| Investments—publicly traded securities | $1,346 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,579 |
| Total assets | $3,776,411 |
| Accounts payable and accrued expenses | $39,054 |
| Grants payable | $0 |
| Deferred revenue | $2,748 |
| 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 | $4,560 |
| Other liabilities | $0 |
| Total liabilities | $46,362 |
| Net assets without donor restrictions | $1,216,608 |
| Net assets with donor restrictions | $2,513,441 |
| 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 | $3,776,411 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Portsmouth Historical Society has recieved totaling $187,562.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, desig. dist., Imagine That Exhibit | $138,562 |
New Hampshire Humanities Council Inc Concord, NH | | $28,000 |
Stephen & Tabitha King Foundation New York, NY PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $15,000 |
Rosamond Thaxter Foundation Portland, ME PURPOSE: GENERAL PURPOSE | $5,000 |
Schleyer Foundation Under Declaration Of Tr 12022002 Rye Beach, NH PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Vermont Historical Society Barre, VT | $10,109,321 | $2,303,922 |
Marthas Vineyard Preservation Tr Inc Edgartown, MA | $22,708,847 | $3,056,624 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
Paul Revere Memorial Assoc Corp Boston, MA | $14,236,555 | $1,864,510 |
Friends Of Mount Auburn Cemetery Cambridge, MA | $3,356,720 | $1,418,926 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Sandwich Historical Society Sandwich, MA | $1,684,446 | $969,978 |