Monmouth County Historical Association
- Assets
- $2.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Freehold, NJ
- Founding
- 05/1936
- Data as of
- 12/2021
- EIN
- 21-6000882
Organization Overview
Monmouth County Historical Association is located in Freehold, NJ. The organization was established in 1936. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Monmouth County Historical Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth County Historical Association 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, Monmouth County Historical Association generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $741.5k during the year ending 12/2021. 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
TO EDUCATE THE PUBLIC THROUGH THEIR PROGRAMS ABOUT THE RICH HERITAGE OF MONMOUTH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM COLLECTIONS AND HISTORIC HOME PRESERVATION - THE ASSOCIATION HOLDS A COLLECTION OF OVER 30,000 OBJECTS RELATING TO MONMOUTH COUNTY LIFE SINCE THE 1600'S. ADDITIONALLY, THE ASSOCIATION OWNS 4 HISTORIC HOMES WHICH IT PRESERVES AND HOLDS OPEN FOR PUBLIC VISITS AND TOURS AS WELL AS A HISTORIC BUILDING THAT HOUSES THE MUSEUM, ARCHIVES AND RESEARCH LIBRARY.
EDUCATION THE ASSOCIATION OFFERS A WIDE ARRAY OF EDUCATIONAL PROGRAMS DESIGNED TO BRING MONMOUTH COUNTY HISTORY TO LIFE. THESE INCLUDE SCHOOL PROGRAMS TAILORED TO MEET NEW JERSEYS CORE CURRICULUM STANDARDS AS WELL AS LECTURES, DEMONSTRATIONS AND PROGRAMS FOR THE GENERAL PUBLIC.
RESEARCH LIBRARY AND ARCHIVES THE ASSOCIATION HAS EXTENSIVE ARCHIVAL MATERIALS, ORGANIZED INTO MORE THAN 1,200 COLLECTIONS PERTAINING TO MONMOUTH COUNTY INDIVIDUALS, FAMILIES, BUSINESSES, ORGANIZATIONS, MUNICIPALITIES, INDUSTRIES, AND EVENTS. IT OPERATES A RESEARCH LIBRARY OPEN TO THE PUBLIC AND ALSO MAINTAINS AN ONLINE CATALOG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Sandy Mulheren First Vice President, Trustee | OfficerTrustee | 1 | $0 |
Amy Almasy Secretary, Trustee | OfficerTrustee | 1 | $0 |
Michael Parent Treasurer, Trustee | OfficerTrustee | 1 | $0 |
Lisa Klem Wilson Assistant Treasurer, Trustee | OfficerTrustee | 1 | $0 |
Linda W Bricker President, Trustee | OfficerTrustee | 1 | $0 |
Kathleen Jones Second Vice President, Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,735 |
| Fundraising events | $47,902 |
| Related organizations | $0 |
| Government grants | $501,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $700,760 |
| Noncash contributions included in lines 1a–1f | $447,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,254,329 |
| Total Program Service Revenue | $24,775 |
| Investment income | $17,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,346 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,193 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,380,727 |
| 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 | $162,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,242 |
| Payroll taxes | $17,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,187 |
| Fees for services: Other | $28,458 |
| Advertising and promotion | $733 |
| Office expenses | $41,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,732 |
| Travel | $1,494 |
| 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 | $13,421 |
| Insurance | $57,706 |
| All other expenses | $0 |
| Total functional expenses | $741,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,427 |
| Savings and temporary cash investments | $14,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,745 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $168,923 |
| Investments—publicly traded securities | $1,315,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,196 |
| Total assets | $2,008,812 |
| Accounts payable and accrued expenses | $72,609 |
| 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 | $0 |
| Total liabilities | $72,609 |
| Net assets without donor restrictions | $1,673,725 |
| Net assets with donor restrictions | $262,478 |
| 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 | $2,008,812 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Monmouth County Historical Association has recieved totaling $98,849.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $40,000 |
The Mcgue Millhiser Family Trust Richmond, VA PURPOSE: CULTURAL ARTS | $35,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $11,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Kroon Foundation Inc Charlottesville, VA PURPOSE: GENERAL | $1,000 |
Hurtt Foundation Sewickley, PA PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $586,623 |
| Earnings | $125,176 |
| Net Contributions | $529,074 |
| Other Expense | $125,176 |
| Ending Balance | $1,115,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |