Fall River Historical Society
- Assets
- $3.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Fall River, MA
- Founding
- 09/2019
- Data as of
- 04/2022
- EIN
- 04-2125012
Organization Overview
Fall River Historical Society is located in Fall River, MA. The organization was established in 2019. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2022, Fall River Historical Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fall River 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 04/2022, Fall River Historical Society generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.0% each year . All expenses for the organization totaled $534.9k during the year ending 04/2022. While expenses have increased by 10.0% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SOCIETY IS TO PROCURE, EXHIBIT, PRESERVE AND PERPETUATE DOCUMENTS, RECORDS, DATA AND OTHER EVIDENCES RELATING TO THE HISTORY OF FALL RIVER AND ITS VICINITY AND THE MULTICULTURAL PEOPLE THEREOF, AND TO PROMOTE PUBLIC UNDERSTANDING THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATE TO OPERATIONS AND MAINTENANCE OF THE FALLRIVER HISTORICAL SOCIETY BUILDINGS AND MUSEUM ARTIFACTS AT451 ROCK STREET AND 458 HIGH STREET IN FALL RIVER, MA. THESOCIETY PROCURES, EXHIBITS, PRESERVES AND PERPETUATESDOCUMENTS, RECORDS, DATA AND OTHER EVIDENCES RELATING TO THEHISTORY OF FALL RIVER AND ITS VICINITY AND THE MULTICULTURALPEOPLE THEREOF, AND PROMOTES PUBLIC UNDERSTANDING THROUGHEDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Martins Curator | Officer | 60 | $96,295 |
Jay Lambert President | OfficerTrustee | 2.5 | $0 |
Mark Gendreau Vice President | OfficerTrustee | 2.5 | $0 |
Kathleen Rockett Secretary | OfficerTrustee | 15 | $0 |
Betty M Welch Treasurer | OfficerTrustee | 5 | $0 |
Joseph Borges Asst. Treasurer | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,922 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,668,965 |
| Noncash contributions included in lines 1a–1f | $48,334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,734,137 |
| Total Program Service Revenue | $5,605 |
| Investment income | $38,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,167 |
| Net Gain/Loss on Asset Sales | $24,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,571 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,818,099 |
| 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. | $111,637 |
| Compensation of current officers, directors, key employees. | $33,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,319 |
| Fees for services: Other | $62,007 |
| Advertising and promotion | $0 |
| Office expenses | $42,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,632 |
| 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 | $19,075 |
| Insurance | $14,814 |
| All other expenses | $0 |
| Total functional expenses | $534,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,627 |
| Savings and temporary cash investments | $201,091 |
| Pledges and grants receivable | $618,750 |
| 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 | $84,080 |
| Prepaid expenses and deferred charges | $10,466 |
| Net Land, buildings, and equipment | $435,490 |
| Investments—publicly traded securities | $1,659,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,750 |
| Total assets | $3,386,735 |
| Accounts payable and accrued expenses | $14,902 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $750 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $279,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $295,505 |
| Net assets without donor restrictions | $1,658,806 |
| Net assets with donor restrictions | $1,432,424 |
| 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 | $3,386,735 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Fall River Historical Society has recieved totaling $302,283.
| Awarding Organization | Amount |
|---|---|
The Ida S Charlton Charity Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $87,500 |
Robert F Stoico Firstfed Charitable Foundation Swansea, MA PURPOSE: EXEMPT PURPOSE | $80,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $50,000 |
Twenty-Seven Foundation East Hartford, CT PURPOSE: GENERAL | $30,000 |
Robert F Stoico Firstfed Charitable Foundation Swansea, MA PURPOSE: EXEMPT PURPOSE | $20,000 |
Foley Family Scholarship Plymouth, MA PURPOSE: CHARITABLE USE | $13,366 |
Endowment Analysis
| Beg. Balance | $1,441,172 |
| Earnings | -$90,490 |
| Net Contributions | $686,084 |
| Other Expense | $100,871 |
| Ending Balance | $1,935,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |