Lexington Historical Society
- Assets
- $7.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 37
- Location
- Lexington, MA
- Founding
- 12/1941
- Data as of
- 12/2021
- EIN
- 04-6113452
Organization Overview
Lexington Historical Society is located in Lexington, MA. The organization was established in 1941. 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 12/2021, Lexington Historical Society employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington 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 12/2021, Lexington Historical Society generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $677.3k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A PREMIER INTERPRETER OF THE EVENTS OF APRIL 1775 AND STEWARD OF THE TOWN'S HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND OPERATE 3 HISTORIC HOUSE MUSEUMS WHICH ARE OPEN TO THE PUBLIC. INCLUDES PROVIDING TOURS OF THESE FACILITIES AND EDUCATIONAL PROGRAMS FOR THE BENEFIT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Ward Executive Director | OfficerTrustee | 40 | $28,308 |
Erica Mcavoy Executive Director | 40 | $26,308 | |
Donna Hooper Director | OfficerTrustee | 1 | $0 |
Mary Keenan Clerk | OfficerTrustee | 1 | $0 |
David Chanoux Treasurer | OfficerTrustee | 1 | $0 |
Anne Lee 1st Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,990 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,098 |
| Total Program Service Revenue | $95,848 |
| Investment income | $252,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $190 |
| Net Rental Income | $7,390 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,648 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,179,150 |
| 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. | $54,616 |
| Compensation of current officers, directors, key employees. | $54,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,063 |
| Office expenses | $12,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $914 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,242 |
| Insurance | $20,527 |
| All other expenses | $31,622 |
| Total functional expenses | $677,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $30,290 |
| Prepaid expenses and deferred charges | $5,600 |
| Net Land, buildings, and equipment | $2,173,309 |
| Investments—publicly traded securities | $4,000,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $251,982 |
| Total assets | $7,097,713 |
| Accounts payable and accrued expenses | $28,047 |
| Grants payable | $0 |
| Deferred revenue | $12,317 |
| 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 | $0 |
| Total liabilities | $40,364 |
| Net assets without donor restrictions | $4,597,720 |
| Net assets with donor restrictions | $2,459,629 |
| 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 | $7,097,713 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Lexington Historical Society has recieved totaling $41,510.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Ciccolo Family Foundation Inc Boston, MA PURPOSE: GENERAL, EDUCATIONAL AND CHARITABLE PURPOSES | $10,000 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA PURPOSE: GENERAL SUPPORT | $5,000 |
William E Maloney Foundation Lexington, MA PURPOSE: SUPPORTS THE RENOVATION OF AN HISTORIC REVOLUTIONARY WAR SITE. | $3,000 |
Clermont Foundation Lexington, MA PURPOSE: EDUCATION | $1,500 |
Ciccolo Family Foundation Inc Boston, MA PURPOSE: GENERAL, EDUCATIONAL AND CHARITABLE PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $3,923,419 |
| Earnings | $602,378 |
| Net Contributions | $812,494 |
| Other Expense | $250,435 |
| Ending Balance | $5,087,856 |
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 |