Wenham Historical Association & Museum Inc
- Assets
- $1.8m
- Revenue
- $744.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Wenham, MA
- Founding
- 02/1953
- Data as of
- 06/2019
- EIN
- 04-2152010
Organization Overview
Wenham Historical Association & Museum Inc is located in Wenham, MA. The organization was established in 1953. 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 06/2019, Wenham Historical Association & Museum Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wenham Historical Association & Museum 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 06/2019, Wenham Historical Association & Museum Inc generated $744.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $793.8k during the year ending 06/2019. While expenses have increased by 2.9% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
REFER TO SCHEDULE O, PAGE 38ORGANIZATION'S EXEMPT PURPOSE IS TO ACQUIRE, PRESERVE, AND EXHIBIT CULTURAL COLLECTIONS, AND TO PROVIDE EDUCATIONAL AND CULTURAL SERVICES TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF HISTORIC BUILDINGS AND ARTIFACTS; EDUCATION OF THE GENERAL PUBLIC OF SELECTED HISTORICAL MATTERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Noon Executive Director | Officer | 40 | $69,701 |
John F Perkins Treasurer | OfficerTrustee | 2 | $0 |
Kennon Anderson Vice-President | OfficerTrustee | 2 | $0 |
Michael S Lucy Asst. Treasurer & Secretar | OfficerTrustee | 2 | $0 |
Derek A Smith President | OfficerTrustee | 2 | $0 |
Barbara Brown Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,894 |
| Investment income | $16,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,166 |
| Net Gain/Loss on Asset Sales | $4,213 |
| Net Income from Fundraising Events | $56,311 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $744,433 |
| Statement of Expenses | |
|---|---|
| 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. | $69,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,175 |
| Fees for services: Other | $12,319 |
| Advertising and promotion | $6,409 |
| Office expenses | $24,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,299 |
| Insurance | $18,808 |
| All other expenses | $0 |
| Total functional expenses | $793,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,469 |
| Pledges and grants receivable | $121,791 |
| Accounts receivable, net | $5,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,008 |
| Prepaid expenses and deferred charges | $5,392 |
| Investments—publicly traded securities | $613,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,750,849 |
| Accounts payable and accrued expenses | $92,093 |
| Grants payable | $0 |
| Deferred revenue | $1,850 |
| 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 | $10,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $103,943 |
| Net assets without donor restrictions | $999,873 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $647,033 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,646,906 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wenham Historical Association & Museum Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $615,223 |
| Earnings | $26,344 |
| Net Contributions | $10,000 |
| Other Expense | $64,000 |
| Ending Balance | $587,567 |
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 |