Passaic County Historical Society
- Assets
- $1.8m
- Revenue
- $207.0k
- Investments
- $1.7m
- Employees
- 3
- Location
- Paterson, NJ
- Founding
- 04/1956
- Data as of
- 05/2022
- EIN
- 22-1559426
Organization Overview
Passaic County Historical Society is located in Paterson, NJ. The organization was established in 1956. 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 05/2022, Passaic County Historical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Passaic County 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 05/2022, Passaic County Historical Society generated $207.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $79.6k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE & CULTIVATE MATERIALS OF HISTORICAL INTEREST PERTAINING TO PASSAIC COUNTY FOR THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS & PRESERVATION OF HISTORICAL ITEMS PERTAINING TO PASSAIC COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hazekamp 2nd Vice President | OfficerTrustee | 0 | $0 |
Marie Mahler Secretary | OfficerTrustee | 0 | $0 |
Barbara Novak 1st Vice President | OfficerTrustee | 0 | $0 |
A Michael Rubin President | OfficerTrustee | 0 | $0 |
Cathy Tonnon Treasurer | OfficerTrustee | 0 | $0 |
Robert Vermeulen Trustee | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,349 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,349 |
| Total Program Service Revenue | $3,144 |
| Investment income | $33,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,963 |
| 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 | $20,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,728 |
| Fees for services: Other | $10,027 |
| Advertising and promotion | $0 |
| Office expenses | $8,065 |
| Information technology | $3,324 |
| Royalties | $0 |
| Occupancy | $1,047 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $292 |
| Interest | $76 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,221 |
| Insurance | $9,507 |
| All other expenses | $166 |
| Total functional expenses | $79,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,037 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $34,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,678,267 |
| Investments—program-related | $0 |
| Intangible assets | $6,000 |
| Other assets | $812 |
| Total assets | $1,797,824 |
| Accounts payable and accrued expenses | $1,537 |
| 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 | $1,537 |
| Net assets without donor restrictions | $1,796,287 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,797,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Passaic County Historical Society has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Matthew & Susan Lyons Familyfoundation Inc Summit, NJ PURPOSE: GENERAL OPERATING | $250 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Lake George Association Inc Lake George, NY | $20,500,954 | $6,877,319 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Royal Oak Foundation Inc New York, NY | $7,446,621 | $2,765,681 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |
Historic Morven Inc Princeton, NJ | $24,966,023 | $2,239,709 |
Adirondack Railway Preservation Society Utica, NY | $2,682,180 | $3,406,896 |
Colonial Farmhouse Restoration Society Of Bellerose Inc Floral Park, NY | $3,034,093 | $2,477,433 |