Independence Historical Trust

Organization Overview

Independence Historical Trust, operating under the name Friends Of Independence National, is located in Philadelphia, PA. The organization was established in 1973. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of Independence National 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, Friends Of Independence National generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS TO FULFILL THE MISSION OF INDEPENDENCE NATIONAL HISTORICAL PARK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, ALONG WITH FUNDRAISING FOR CAPITAL PROJECTS, THE ORGANIZATION THROUGH DONATIONS AND GRANTS WAS ABLE TO ACCOMPLISH THE FOLLOWING EDUCATIONAL ACTIVITIES:TWILIGHT TALKS: OFFERED FOR FREE, EVENING TALKS ON THE HISTORY OF THE NATIONAL PARK. OVER 400 ATTENDANTS FROM 27 DIFFERENT STATES AND 8 FOREIGN COUNTRIES ATTENDED THE PROGRAM.VIRTUAL SCHOOL TRIPS: IN PARTNERSHIP WITH THE NATIONAL PARK SERVICE, THE ORGANIZATION PROVIDED FUNDING TO OFFER 104 PROGRAMS FOR THE 20-21 SCHOOL YEAR. OVER 45 SCHOOLS PARTOOK IN THE PROGRAM WHICH INCLUDED 3,933 STUDENTS FROM 3RD TO 5TH GRADE.VIRTUAL PROGRAMS: IN PARTNERSHIP WITH THE NATIONAL PARK SERVICE, THE ORGANIZATION HOSTED THREE DIFFERENT VIRTUAL PROGRAMS IN 2021 THAT REACHED OVER 80 PEOPLE.


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Board, Officers & Key Employees

Name (title)Compensation
William Marrazzo
Chairman
$0
Karen Kaufman
Treasurer
$0
Thomas G Spencer
Secretary
$0
Lee James Woolley
Vice Chair
$0
Thomas Caramanico
Executive Director
$0
Flora L Becker
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
John Milner Architects
First Bank Restoration Project
$437,800
Local Projects
First Bank Restoration Project
$115,959
Studio Bryan Hanes
Bicentennial Bell Project
$154,439
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$7,440
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,799,397
Noncash contributions included in lines 1a–1f $115,675
Total Revenue from Contributions, Gifts, Grants & Similar$1,806,837
Total Program Service Revenue$131,016
Investment income $36,004
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,973,857

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Independence Historical Trust has recieved totaling $1,307,163.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$698,650
Landenberger Family Foundation

Philadelphia, PA

PURPOSE: GENERAL CONTRIBUTION

$250,000
William Penn Foundation

Philadelphia, PA

PURPOSE: MATCHING FUNDS FOR FIRST BANK PROJECT

$100,000
Horace W Goldsmith Foundation

New York, NY

PURPOSE: GENERAL OPERATIONS

$50,000
Horace W Goldsmith Foundation

New York, NY

PURPOSE: GENERAL OPERATIONS

$50,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,398,807
Earnings$251,649
Other Expense$19,247
Ending Balance$2,631,209

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