Newton Historical Society Inc
- Assets
- $3.6m
- Revenue
- $316.7k
- Investments
- $1.5m
- Employees
- 12
- Location
- Newton, MA
- Founding
- 09/1978
- Data as of
- 06/2021
- EIN
- 04-2640984
Organization Overview
Newton Historical Society Inc, operating under the name Historic Newton, is located in Newton, MA. The organization was established in 1978. 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 06/2021, Historic Newton employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Newton 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 06/2021, Historic Newton generated $316.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $390.9k during the year ending 06/2021. 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
TO ENCOURAGE THE INQUIRY AND EXPLORATION OF NEWTON WITHIN THE BROAD CONTEXT OF AMERICAN HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC NEWTON INSPIRES DISCOVERY AND ENGAGEMENT BY ILLUMINATING OUR COMMUNITY'S STORIES WITHIN THE CONTEXT OF AMERICAN HISTORY. THE ORGANIZATION CONDUCTS EDUCATIONAL PROGRAMS, HOSTS SPECIAL EVENTS, AND ENCOURAGES THE PUBLIC TO VISIT EXHIBITIONS AND ENGAGE WITH PUBLIC PROGRAMS. THE ORGANIZATION CARRIES OUT ITS MISSION USING THE 1809 JACKSON HOMESTEAD MUSEUM AND THE 1734 DURANT-KENRICK HOUSE AND GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Cuccurullo President | OfficerTrustee | 2 | $0 |
Brooke Lipsitt Clerk | OfficerTrustee | 2 | $0 |
John Morganti Treasurer | OfficerTrustee | 2 | $0 |
Sarah Ecker Vice President (to 6/21) | OfficerTrustee | 2 | $0 |
Lisa Dady Executive Director | Officer | 40 | $0 |
Sheila Donahue Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $51,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,278 |
| Total Program Service Revenue | $32,465 |
| Investment income | $33,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $6,963 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,713 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,318 |
| Payroll taxes | $20,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,122 |
| Fees for services: Other | $12,293 |
| Advertising and promotion | $7,121 |
| Office expenses | $21,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,189 |
| 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 | $0 |
| Insurance | $15,374 |
| All other expenses | $0 |
| Total functional expenses | $390,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,306 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,948 |
| Prepaid expenses and deferred charges | $9,983 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,856,323 |
| Investments—other securities | $1,529,487 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,604,424 |
| Accounts payable and accrued expenses | $58,308 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $85,570 |
| Other liabilities | $0 |
| Total liabilities | $143,878 |
| Net assets without donor restrictions | $2,398,139 |
| Net assets with donor restrictions | $1,062,407 |
| 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 | $3,604,424 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newton Historical Society Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $2,235,990 |
| Earnings | $606,567 |
| Other Expense | $126,405 |
| Ending Balance | $2,716,152 |
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 |