Andover Historical Society
- Assets
- $1.9m
- Revenue
- $373.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Andover, MA
- Founding
- 03/1951
- Data as of
- 06/2023
- EIN
- 04-2312091
Organization Overview
Andover Historical Society is located in Andover, MA. The organization was established in 1951. 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 06/2023, Andover Historical Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andover 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 06/2023, Andover Historical Society generated $373.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $431.6k during the year ending 06/2023. While expenses have increased by 9.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY WAS ESTABLISHED FOR THE PURPOSE OF PRESERVING LOCAL HISTORY, SERVING AS A COMMUNITY HISTORICAL CENTER AND PROMOTING COMMUNITY INVOLVEMENT WITHIN THE TOWN OF ANDOVER, MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING A MUSEUM AND LIBRARY WHERE ARTIFACTS OF LOCAL HISTORICAL SIGNIFICANCE ARE COLLECTED, PRESERVED, EXHIBITED AND INTERPRETED. THE SOCIETY PROVIDES A WIDE RANGE OF EDUCATIONAL PROGRAMS AND SERVICES FOR INDIVIDUALS, AND GROUPS OF ALL AGES, IN ORDER TO ENCOURAGE A GREATER UNDERSTANDING OF LOCAL HISTORY AND RELATED PRESERVATION ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Clements Executive Di | Officer | 40 | $66,956 |
Tom Adams President | OfficerTrustee | 3 | $0 |
Sushmita Bawari Director | Trustee | 1 | $0 |
Ralph Bledsoe Director | Trustee | 1 | $0 |
Barbara Bunn Recording Se | OfficerTrustee | 3 | $0 |
Jane Cairns Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,614 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,836 |
| Total Program Service Revenue | $22,283 |
| Investment income | $28,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,258 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,259 |
| 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. | $66,956 |
| Compensation of current officers, directors, key employees. | $10,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,753 |
| Fees for services: Other | $16,320 |
| Advertising and promotion | $0 |
| Office expenses | $8,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,335 |
| Insurance | $17,204 |
| All other expenses | $2,922 |
| Total functional expenses | $431,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,855 |
| Savings and temporary cash investments | $40,393 |
| Pledges and grants receivable | $21,463 |
| 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 | $2,203 |
| Prepaid expenses and deferred charges | $1,438 |
| Net Land, buildings, and equipment | $284,897 |
| Investments—publicly traded securities | $1,452,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,921,666 |
| Accounts payable and accrued expenses | $26,013 |
| Grants payable | $0 |
| Deferred revenue | $3,532 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,545 |
| Net assets without donor restrictions | $514,747 |
| Net assets with donor restrictions | $1,227,374 |
| 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 | $1,921,666 |