Proprietors Portsmouth Athenaeum
- Assets
- $3.8m
- Revenue
- $614.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Portsmouth, NH
- Founding
- 08/1958
- Data as of
- 12/2023
- EIN
- 02-0245312
Organization Overview
Proprietors Portsmouth Athenaeum is located in Portsmouth, NH. The organization was established in 1958. As of 12/2023, Proprietors Portsmouth Athenaeum employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proprietors Portsmouth Athenaeum 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 12/2023, Proprietors Portsmouth Athenaeum generated $614.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $568.3k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE MISSION STATEMENT ON PAGE 2, PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 WAS A RECORD YEAR FOR PROGRAMS AT THE ATHENAEUM, BOTH IN NUMBER OF PROGRAMS OFFERED AND MAXIMUM CAPACITY ATTENDANCE AT NEARLY EVERY EVENT. THE YEAR BEGAN WITH A FULL HOUSE FOR THE 204TH ANNUAL MEETING OF THE CORPORATION ON JANUARY 15. FEBRUARY 10 SAW ANOTHER FULL PROGRAM FOR A BOOK SIGNING WITH CHARLES J. DOANE, AUTHOR OF THE BOY WHO FELL TO SHORE. THE EXTRAORDINARY LIFE AND MYSTERIOUS DISAPPEARANCE OF THOMAS THOR TANGVALD. CONTINUED ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Lown Past President | Trustee | 1 | $0 |
Margaret Hodges Vice President | Trustee | 2 | $0 |
Richard Adams Secretary | Trustee | 4 | $0 |
Christine Friese Director | Trustee | 2 | $0 |
Sally Gayer President | Trustee | 5 | $0 |
Alan Gold Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $125,897 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,181 |
| Total Program Service Revenue | $0 |
| Investment income | $85,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,802 |
| Net Gain/Loss on Asset Sales | $11,201 |
| Net Income from Fundraising Events | $8,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,304 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,999 |
| 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. | $103,117 |
| Compensation of current officers, directors, key employees. | $36,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,043 |
| Payroll taxes | $14,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,857 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,219 |
| 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 | $53,051 |
| Insurance | $16,866 |
| All other expenses | $9,191 |
| Total functional expenses | $568,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770 |
| Savings and temporary cash investments | $237,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $480 |
| 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 | $13,289 |
| Net Land, buildings, and equipment | $1,102,751 |
| Investments—publicly traded securities | $2,383,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,253 |
| Total assets | $3,812,632 |
| Accounts payable and accrued expenses | $4,964 |
| Grants payable | $0 |
| Deferred revenue | $76,700 |
| 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 | $75,253 |
| Total liabilities | $156,917 |
| Net assets without donor restrictions | $3,584,840 |
| Net assets with donor restrictions | $70,875 |
| 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 | $3,812,632 |