Litchfield Historical Society
- Assets
- $11.6m
- Revenue
- $558.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Litchfield, CT
- Founding
- 04/1938
- Data as of
- 12/2020
- EIN
- 06-6000486
Organization Overview
Litchfield Historical Society is located in Litchfield, CT. The organization was established in 1938. 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 12/2020, Litchfield Historical Society employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litchfield 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 12/2020, Litchfield Historical Society generated $558.9k 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 (6.1%) each year. All expenses for the organization totaled $894.7k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS: THE HISTORICAL SOCIETY SECURES ITEMS OF HISTORICAL SIGNIFICANCE TO LITCHFIELD COUNTY AND IMPROVES THE QUALITY OF MUSEUM COLLECTIONS. APPROXIMATELY 5,700 PEOPLE VISITED THE MUSEUM, LAW SCHOOL, & TAPPING REEVE HOUSE.
EDUCATION: THE HISTORICAL SOCIETY PLANS, COORDINATES, AND GUIDES TOURS THROUGHOUT THE HISTORICAL AREAS OF LITCHFIELD COUNTY. THE SOCIETY ALSO PRESENTS LECTURES. APPROXIMATELY 7,200 PEOPLE ATTENDED THE TOURS AND SPECIAL EDUCATION EVENTS.
EXHIBITS: THE HISTORICAL SOCIETY GIVES PRESENTATIONS OF HISTORICAL ITEMS PERTAINING TO THE HISTORY OF LITCHFIELD. EXHIBITS ARE OPEN TO THE PUBLIC FOR VIEWING AND WERE VISITED BY APPROXIMATELY 5,700 PEOPLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Fields Executive Direc | Officer | 40 | $155,006 |
Rosalie Furniss President | OfficerTrustee | 2 | $0 |
Peter Vermilyea Secretary | OfficerTrustee | 2 | $0 |
Kate Honan Vice President | OfficerTrustee | 2 | $0 |
Richard Quay Treasurer | OfficerTrustee | 2 | $0 |
Teno A West Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,557 |
| Investment income | $224,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,218 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $558,938 |
| Statement of Expenses | |
|---|---|
| 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. | $160,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,772 |
| Pension plan accruals and contributions | $1,615 |
| Other employee benefits | $35,828 |
| Payroll taxes | $30,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,003 |
| Fees for services: Other | $9,585 |
| Advertising and promotion | $0 |
| Office expenses | $3,161 |
| Information technology | $28,586 |
| Royalties | $0 |
| Occupancy | $68,082 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,444 |
| Insurance | $19,205 |
| All other expenses | $0 |
| Total functional expenses | $894,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,841 |
| Savings and temporary cash investments | $214,749 |
| Pledges and grants receivable | $6,518 |
| 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 | $93,099 |
| Prepaid expenses and deferred charges | $22,099 |
| Investments—publicly traded securities | $8,567,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,581,248 |
| Accounts payable and accrued expenses | $24,813 |
| Grants payable | $0 |
| Deferred revenue | $57,000 |
| 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 | $81,813 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,499,435 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Litchfield Historical Society has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Northwest Community Bank Foundation Inc Winstead, CT PURPOSE: SCHOOL PROGRAMS | $5,000 |
Francis J And Louisa J Oneglia Foundation Inc Torrington, CT PURPOSE: GENERAL FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $8,464,860 |
| Earnings | $583,441 |
| Other Expense | $430,727 |
| Ending Balance | $8,617,574 |
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 |
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 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |