Cortland County Historical Society -Inc-
- Assets
- $968.2k
- Revenue
- $269.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Cortland, NY
- Founding
- 02/1953
- Data as of
- 12/2021
- EIN
- 15-0555683
Organization Overview
Cortland County Historical Society -Inc- is located in Cortland, NY. The organization was established in 1953. 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, Cortland County Historical Society -Inc- employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortland County Historical Society -Inc- 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, Cortland County Historical Society -Inc- generated $269.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $130.9k during the year ending 12/2021. While expenses have increased by 4.5% 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
PRESERVING HISTORICAL ITEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND PRESERVATION OF HISTORICAL ITEMS RELATED TO CORTLAND COUNTY. THE SOCIETY HOSTS VARIOUS SCHOOL GROUPS AND OTHERS TO FULFILL THE MISSION OF EDUCATION. THE NEWSLETTER WAS BROUGHT BACK IN ORDER TO INCREASE CONTACT WITH MEMBERS AND PROVIDE BRIEF EDUCATIONAL EXCERPTS. THE SOCIETY CONTINUES TO COLLECT AND MAINTAIN THEIR COLLECTIONS FOR GENERATIONS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tabitha Scoville Director | Officer | 40 | $40,275 |
Deirdre Joyce Secretary | OfficerTrustee | 0 | $0 |
Kathleen O'connell Vice President | OfficerTrustee | 0 | $0 |
Paul Lorenzo Treasurer | OfficerTrustee | 0 | $0 |
Charles Jermy III Trustee | Trustee | 0 | $0 |
Lynne Lash Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,482 |
| Total Program Service Revenue | $25,382 |
| Investment income | $18,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,177 |
| Net Income from Fundraising Events | $32,396 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,992 |
| 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. | $40,275 |
| Compensation of current officers, directors, key employees. | $9,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,992 |
| Advertising and promotion | $11,794 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,271 |
| 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 | $5,164 |
| Insurance | $0 |
| All other expenses | $2,827 |
| Total functional expenses | $130,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,415 |
| Savings and temporary cash investments | $54,023 |
| 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 | $9,513 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $77,926 |
| Investments—publicly traded securities | $790,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $968,228 |
| Accounts payable and accrued expenses | $2,965 |
| 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 | $0 |
| Other liabilities | $1 |
| Total liabilities | $2,966 |
| Net assets without donor restrictions | $916,347 |
| Net assets with donor restrictions | $48,915 |
| 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 | $968,228 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cortland County Historical Society -Inc- has recieved totaling $43,821.
| Awarding Organization | Amount |
|---|---|
Cortland Community Foundation Cortland, NY PURPOSE: General Gift | $31,796 |
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; PROGRAM SUPPORT; CAPITAL SUPPORT | $11,500 |
Ralph Wilkins Foundation Cortland, NY PURPOSE: THEN NOW PROG AT SUGGETT HOUSE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $18,740 |
| Ending Balance | $18,740 |
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 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
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 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |