Historic Fallsington Incorporated
- Assets
- $880.0k
- Revenue
- $185.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Fallsington, PA
- Founding
- 07/1958
- Data as of
- 12/2023
- EIN
- 23-1569603
Organization Overview
Historic Fallsington Incorporated is located in Fallsington, PA. The organization was established in 1958. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Historic Fallsington Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Fallsington Incorporated 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 12/2023, Historic Fallsington Incorporated generated $185.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $210.6k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORICAL SIGNIFICANCE OF THE VILLAGE OF FALLSINGTON FOR FUTURE GENERATIONS AND TO EDUCATE THE PUBLIC ABOUT ITS CULTURE AND RICH HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE, OPERATION, AND RESTORATION: COSTS FOR SIX HISTORIC BUILDINGS THAT SHOW THE LIFESTYLES IN HISTORIC FALLSINGTON AREA TO APPROXIMATELY 5,000 VISITORS ANNUALLY.
EDUCATIONAL MUSEUM: PROVIDES EDUCATION ON HISTORIC HOMES, BUILDINGS AND LIFESTYLES IN THE HISTORIC FALLSINGTON AREA TO APPROXIMATELY 5,000 VISITORS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lb Harman President | OfficerTrustee | 4.94 | $0 |
Ryan J Parry Vice Preside | OfficerTrustee | 0.2 | $0 |
Kathy Bowers Former Treas | OfficerTrustee | 0.6 | $0 |
Louise J Harman Treasurer | OfficerTrustee | 1.18 | $0 |
Mary Jean Klein Associate Tr | OfficerTrustee | 0.56 | $0 |
Shellie Stoddard Secretary | OfficerTrustee | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,839 |
| Fundraising events | $9,326 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,246 |
| Noncash contributions included in lines 1a–1f | $9,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,411 |
| Total Program Service Revenue | $116,446 |
| Investment income | $12,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,431 |
| Net Income from Fundraising Events | $1,404 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $628 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,591 |
| 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 | $61,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,667 |
| Fees for services: Management | $7,488 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,843 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,935 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,856 |
| Travel | $2,345 |
| 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 | $3,487 |
| Insurance | $28,836 |
| All other expenses | $0 |
| Total functional expenses | $210,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,424 |
| Savings and temporary cash investments | $30,718 |
| 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 | $33,439 |
| Inventories for sale or use | $7,870 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $410,154 |
| Investments—publicly traded securities | $364,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $879,980 |
| Accounts payable and accrued expenses | $27,128 |
| 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 | $27,128 |
| Net assets without donor restrictions | $698,429 |
| Net assets with donor restrictions | $154,423 |
| 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 | $879,980 |