Independence Hall Association
- Assets
- $283.8k
- Revenue
- $82.6k
- Investments
- $14.0k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 10/1948
- Data as of
- 06/2023
- EIN
- 23-6414324
Organization Overview
Independence Hall Association is located in Philadelphia, PA. The organization was established in 1948. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Hall 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 06/2023, Independence Hall Association generated $82.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $103.5k during the year ending 06/2023. While expenses have increased by 11.4% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
TO EDUCATE THE PUBLIC ABOUT THE REVOLUTIONARY AND COLONIAL ERAS OF AMERICAN HISTORY, AS WELL AS PHILADELPHIA GENERALLY. THIS IS ACCOMPLISHED PRIMARILY THROUGH THE WEBSITE WWW.USHISTORY.ORG, WHICH IS OWNED AND CONTROLLED BY THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Cassano Chairman | 15 | $0 | |
V Chapman-Smith Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,688 |
| Interest on Savings | $2,588 |
| Dividends & Interest | $693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,072 |
| Other Income | $72,575 |
| Total Revenue | $82,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $693 |
| Depreciation | $0 |
| Occupancy | $3,600 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,583 |
| Total operating and administrative expenses | $103,517 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $103,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,205 |
| Savings and temporary cash investments | $243,889 |
| Net Accounts receivable | $5,229 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $570 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $869 |
| Total assets | $283,786 |
| Accounts payable and accrued expenses | $3,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,400 |