Rhode Island Historical Society
- Assets
- $30.7m
- Revenue
- $3.6m
- Investments
- $1.4m
- Employees
- 42
- Location
- Providence, RI
- Founding
- 04/1925
- Data as of
- 06/2021
- EIN
- 05-0259110
Organization Overview
Rhode Island Historical Society is located in Providence, RI. The organization was established in 1925. 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, Rhode Island Historical Society employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island 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 06/2021, Rhode Island Historical Society generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RHODE ISLAND HISTORICAL SOCIETY IS DEDICATED TO COLLECTING, PRESERVING, AND SHARING RHODE ISLAND'S HISTORY.
Describe the Organization's Program Activity:
LIBRARY PROGRAM - THE RHODE ISLAND HISTORICAL SOCIETY'S ROBINSON RESEARCH CENTER HAS OVER 100,000 VOLUMES RELATING TO THE HISTORY OF ROHODE ISLAND AND SURROUNDING NEW ENGLAND. THIS RESEARCH CENTER ALSO HOLDS MORE THAN 1,000 MANUSCRIPTS, 20,000 ARCHITECTURAL DRAWINGS AND 9 MILLION FEET OF MOVING IMAGE FILM
MUSEUM PROGRAM - THE RIHS OPERATES TWO MUSEUMS, THE JOHN BROWN HOUSE MUSEUM AND THE MUSEUM OF WORK AND CULTURE, AS WELL AS OPERATING THE ALDRICH HOUSE, WHICH SERVES AS ITS HEADQUARTERS, EVENT VENUE, AND EDUCATIONAL SPACE. THE MUSEUM OF WORK AND CULTURE ALSO SERVES AS A VISITORS' CENTER FOR THE BLACKSTONE RIVER VALLEY. IN ADDITION, THE JOHN BROWN HOUSE MUSEUM SERVES AS THE PRIMARY LOCATION OF OUR MUSEUM ARTIFACTS, WHICH NUMBER OVER 20,000.
EDUCATION PROGRAM - THE GOFF CENTER FOR EDUCATION AND PUBLIC PROGRAMS, THE STAFF OF WHICH IS LOCATED AT THE JOHN BROWN HOUSE MUSEUM AND ALDRICH HOUSE, OVERSEES THE RIHS'S EDUCATIONAL WORK RELATED TO RI AND AMERICAN HISTORY, TEACHER PROFESSIONAL DEVELOPMENT IN THE FIELD OF RI AND AMERICAN HISTORY, PRIMARY DOCUMNET-BASED CURRICULUM DEVELOPMENT, UNIT PLANS, STUDENT TOURS, AND WRITTEN MATERIALS, INCLUDING THE FREELY AVAILABLE DIGITAL TEXTBOOK, ENCOMPASS. THE GOFF CENTER DIRECTS THE RIHS'S RHODE ISLAND ONLINE DIRECTORY INITIATIVE (RHODI) PROJECT AND ALSO RUNS RI HISTORY DAY, THE STATE AFFILIATE OF NATIONAL HISTORY DAY. THE PUBLIC PROGRAMS AND RHODI STAFF REPORT TO THE DIRECTOR OF ADVANCEMENT AND PUBLIC PROGRAMS BUT ARE CONSIDERED PART OF THE GOFF CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Morgan Grefe PHD Executive Director | Officer | 37.5 | $140,246 |
Winifred E Brownell PHD Secretary | OfficerTrustee | 0.5 | $0 |
Peter J Miniati CFP JD Treasurer | OfficerTrustee | 0.5 | $0 |
Anthony Calandrelli Vice Chair | OfficerTrustee | 0.5 | $0 |
Robert H Sloan Jr CLU CHFC Chair | OfficerTrustee | 0.5 | $0 |
Michael L Baker Jr CPA Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,753 |
| Fundraising events | $44,486 |
| Related organizations | $0 |
| Government grants | $509,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $954,212 |
| Noncash contributions included in lines 1a–1f | $8,193 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,571,593 |
| Total Program Service Revenue | $21,042 |
| Investment income | $411,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,145 |
| Net Rental Income | $10,179 |
| Net Gain/Loss on Asset Sales | $1,531,365 |
| Net Income from Fundraising Events | $987 |
| Net Income from Gaming Activities | $21,327 |
| Net Income from Sales of Inventory | $3,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,629,513 |
| 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. | $171,505 |
| Compensation of current officers, directors, key employees. | $85,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,125,633 |
| Pension plan accruals and contributions | $37,567 |
| Other employee benefits | $174,530 |
| Payroll taxes | $99,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,041 |
| Fees for services: Other | $54,320 |
| Advertising and promotion | $1,796 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,095 |
| Insurance | $57,852 |
| All other expenses | $111,315 |
| Total functional expenses | $2,481,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,630 |
| Savings and temporary cash investments | $492,176 |
| Pledges and grants receivable | $99,344 |
| Accounts receivable, net | $22,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,195 |
| Prepaid expenses and deferred charges | $14,038 |
| Net Land, buildings, and equipment | $2,634,150 |
| Investments—publicly traded securities | $25,036,678 |
| Investments—other securities | $1,413,296 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,696,643 |
| Accounts payable and accrued expenses | $166,883 |
| Grants payable | $0 |
| Deferred revenue | $19,174 |
| 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 | $292,262 |
| Total liabilities | $478,319 |
| Net assets without donor restrictions | $11,128,890 |
| Net assets with donor restrictions | $19,089,434 |
| 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 | $30,696,643 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Rhode Island Historical Society has recieved totaling $575,205.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: THE ARCHIVE REMIX FILM FESTIVAL; PROGRAM SUPPORT; AREA OF GREATEST NEED; GENERAL OPERATING; GENERAL SUPPORT; PUTTING DOWN ROOTS | $480,572 |
June Rockwell Levy Foundation Incorporated Providence, RI PURPOSE: BLACKSTONE RIVER EXHIBIT PROJECT, GENERAL OPERATING | $20,000 |
Hope Foundation Providence, RI PURPOSE: PUTTING DOWN ROOTS PROGRAM; OPERATING EXPENSES | $18,600 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $15,000 |
Philmoney Trust Providence, RI PURPOSE: CHARITY | $12,500 |
Cvs Health Charity Classic Inc Woonsocket, RI PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $20,325,274 |
| Earnings | $6,454,629 |
| Net Contributions | $17,017 |
| Other Expense | $1,241,496 |
| Ending Balance | $25,555,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |
Marthas Vineyard Preservation Tr Inc Edgartown, MA | $22,708,847 | $3,056,624 |
Fort Adams Trust Inc Newport, RI | $1,609,265 | $1,343,928 |
Fairfield Historical Society Fairfield, CT | $12,480,196 | $1,219,328 |
Newport Historical Society Newport, RI | $9,362,707 | $1,665,951 |