Concord Antiquarian Society
- Assets
- $23.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 54
- Location
- Concord, MA
- Founding
- 04/1929
- Data as of
- 09/2021
- EIN
- 04-2104035
Organization Overview
Concord Antiquarian Society is located in Concord, MA. The organization was established in 1929. 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 09/2021, Concord Antiquarian Society employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord Antiquarian 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 09/2021, Concord Antiquarian Society generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $2.3m during the year ending 09/2021. 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
THE CONCORD MUSEUM EDUCATES VISITORS OF ALL AGES ABOUT THE HISTORY OF CONCORD AND ITS CONTINUING INFLUENCE ON AMERICAN POLITICAL, LITERARY AND CULTURAL LIFE. THE MUSEUM'S NATIONALLY SIGNIFICANT COLLECTION SERVES AS A CATALYST FOR CHANGING EXHIBITIONS, EXTENDED CLASSROOM LEARNING, DYNAMIC PROGRAMS AND PUBLICATIONS RELEVANT TO AN EVER CHANGING WORLD. FOUNDED IN 1886, THE MUSEUM IS A CENTER OF CULTURAL ENJOYMENT FOR THE REGION AND A GATEWAY TO THE TOWN OF CONCORD FOR VISITORS FROM AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORY MUSEUM CURATORIAL AND EXHIBITION PROGRAMS: MUSEUM GALLERIES, LONG-TERM AND CHANGING EXHIBITIONS, COLLECTIONS, TOURS AND OTHER PUBLIC PROGRAMS - ALL SUPPORTED BY ON-GOING CURATORIAL AND PROFESSIONAL COLLECTIONS MANAGEMENT - BENEFIT VISITORS FROM THE REGION, THE NATION AND FROM MANY OTHER COUNTRIES. PROGRAMS ALSO INCLUDE LECTURES, CLASSES, WORKSHOPS, STORY HOURS, AND TOURS OF THE MUSEUM AND HISTORIC CONCORD.
HISTORY MUSEUM AUDIENCE SERVICES: SCHOOL PROGRAMS - FORMAL SCHOOL PROGRAMS WERE PROVIDED TO OVER 4,700 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Putnam Executive Director | OfficerTrustee | 50 | $177,308 |
Robert Laverdure Former Director Of Finance & Operations | Officer | 50 | $103,334 |
Anna Winter Rasmussen Vice President | OfficerTrustee | 2 | $0 |
Dennis Burns Vice President | OfficerTrustee | 2 | $0 |
Churchill G Franklin Vice President | OfficerTrustee | 2 | $0 |
Holly Salemy President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hutter Construction Corporation Construction Services | 9/29/20 | $2,039,493 |
Wb Incorporated Exhibit Construction Services | 9/29/20 | $180,932 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $56,264 |
| Fundraising events | $64,682 |
| Related organizations | $0 |
| Government grants | $423,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,980,382 |
| Noncash contributions included in lines 1a–1f | $124,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,525,165 |
| Total Program Service Revenue | $110,787 |
| Investment income | $152,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,000 |
| Net Gain/Loss on Asset Sales | $138,695 |
| Net Income from Fundraising Events | $14,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,038 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,972,281 |
| 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. | $262,172 |
| Compensation of current officers, directors, key employees. | $133,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $828,448 |
| Pension plan accruals and contributions | $41,714 |
| Other employee benefits | $48,783 |
| Payroll taxes | $57,986 |
| Fees for services: Management | $2,403 |
| Fees for services: Legal | $4,491 |
| Fees for services: Accounting | $27,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,046 |
| Advertising and promotion | $34,673 |
| Office expenses | $138,568 |
| Information technology | $69,129 |
| Royalties | $0 |
| Occupancy | $223,806 |
| Travel | $1,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,519 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $401,621 |
| Insurance | $41,789 |
| All other expenses | $0 |
| Total functional expenses | $2,341,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,846 |
| Savings and temporary cash investments | $566,169 |
| Pledges and grants receivable | $128,902 |
| Accounts receivable, net | $20,567 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $216 |
| Prepaid expenses and deferred charges | $23,802 |
| Net Land, buildings, and equipment | $13,632,519 |
| Investments—publicly traded securities | $8,320,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,267 |
| Total assets | $23,141,155 |
| Accounts payable and accrued expenses | $168,048 |
| Grants payable | $0 |
| Deferred revenue | $5,572 |
| 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 | $173,620 |
| Net assets without donor restrictions | $19,333,145 |
| Net assets with donor restrictions | $3,634,390 |
| 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 | $23,141,155 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Concord Antiquarian Society has recieved totaling $53,350.
| Awarding Organization | Amount |
|---|---|
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,500 |
Freedoms Way Heritage Association Devens, MA PURPOSE: STRATEGIC PARTNERSHIP GRANTS - GRANTS TO HELP SUPPORT DIFFERENT HISTORICAL EXHIBITS. | $5,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,350 |
Endowment Analysis
| Beg. Balance | $7,138,480 |
| Earnings | $1,446,601 |
| Net Contributions | $96,148 |
| Other Expense | $424,668 |
| Ending Balance | $8,256,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |