Danvers Historical Society Glen Magna
- Assets
- $1.5m
- Revenue
- $272.6k
- Investments
- $102.0k
- Employees
- 8
- Location
- Danvers, MA
- Founding
- 05/1927
- Data as of
- 06/2021
- EIN
- 04-6041458
Organization Overview
Danvers Historical Society Glen Magna is located in Danvers, MA. The organization was established in 1927. 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, Danvers Historical Society Glen Magna employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danvers Historical Society Glen Magna 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, Danvers Historical Society Glen Magna generated $272.6k 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 (3.2%) each year. All expenses for the organization totaled $431.9k 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
THE DANVERS HISTORICAL SOCIETY IS DEDICATED TO PROMOTING THE RICH HISTORY OF THE ORIGINAL SALEM VILLAGE, SUBSEQUENTLY THE TOWN OF DANVERS THROUGH PRESERVATION AND THE CREATION OF ENGAGING PROGRAMS. THE SOCIETY AIMS TO INSPIRE INDIVIDUALS TO JOIN THIS MISSION, AND CREATE PARTNERSHIPS WITH THOSE THAT SHARE OUR DEDICATION, SO THAT TOGETHER WE CAN HAVE A DIRECT AND POSITIVE IMPACT ON THE LOCAL COMMUNITY, ECONOMY, AND GENERATIONS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIETY PROGRAMS PRESERVE ARTIFACTS, BUILDINGS & ARCHITECTURE WHICH HAVE HISTORICAL SIGNIFICANCE TO THE TOWN OF DANVERS,MA, THE FORMER SALEM VILLAGE. GLEN MAGNA FARMS IS THE SITE OF THE SOCIETY'S "COME GROW WITH US" PROGRAM DESIGNED TO CULTIVATE UNIQUE HORTICULTURE OPPORTUNITIES FOR YOUTH WITH LEARNING DISABILITIES.
SOCIETY PROGRAMS PRESERVE ARTIFACTS, BUILDINGS & ARCHITECTURE WHICH HAVE HISTORICAL SIGNIFICANCE TO THE TOWN OF DANVERS,MA, THE FORMER SALEM VILLAGE. GLEN MAGNA FARMS IS THE SITE OF THE SOCIETY'S "COME GROW WITH US" PROGRAM DESIGNED TO CULTIVATE UNIQUE HORTICULTURE OPPORTUNITIES FOR YOUTH WITH LEARNING DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mckenna Vice President | OfficerTrustee | 25 | $0 |
Robert B Young Treasurer | OfficerTrustee | 25 | $0 |
Thomas Page President | OfficerTrustee | 25 | $0 |
Kacey Desmond Trustee | Trustee | 2 | $0 |
Leonel Espinal Trustee | Trustee | 2 | $0 |
Daniel Bennett Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,924 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,161 |
| Total Program Service Revenue | $147,891 |
| Investment income | $152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,563 |
| 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 | $182,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,495 |
| Payroll taxes | $16,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,860 |
| Advertising and promotion | $10,783 |
| Office expenses | $5,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,324 |
| Insurance | $27,419 |
| All other expenses | $15,356 |
| Total functional expenses | $431,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,116 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $997,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $101,982 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,042 |
| Total assets | $1,502,608 |
| Accounts payable and accrued expenses | $3,576 |
| Grants payable | $0 |
| Deferred revenue | $590,880 |
| 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 | $222,393 |
| Total liabilities | $816,849 |
| Net assets without donor restrictions | $572,507 |
| Net assets with donor restrictions | $113,252 |
| 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 | $1,502,608 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Danvers Historical Society Glen Magna has recieved totaling $521.
| Awarding Organization | Amount |
|---|---|
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $110,647 |
| Ending Balance | $110,647 |
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 |