Centre County Historical Society
- Assets
- $1.9m
- Revenue
- $524.6k
- Investments
- $0.0
- Employees
- 2
- Location
- State College, PA
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 25-1323768
Organization Overview
Centre County Historical Society is located in State College, PA. The organization was established in 1977. 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, Centre County Historical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centre 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 12/2021, Centre County Historical Society generated $524.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $158.8k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AWARENESS AND UNDERSTANDING OF OUR COUNTY'S CULTURAL AND NATURAL HERITAGE AND THE NEED FOR ITS PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY PROMOTES AND PRESERVES THE HISTORY AND HERITAGE OF CENTRE COUNTY AND OPERATES THE FURNACE MANSION AND BOOGERSBURG SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Sorensen Executive Director | Officer | 40 | $35,000 |
Rebekah Dreese Director | OfficerTrustee | 1 | $0 |
Roger L Williams President | OfficerTrustee | 1 | $0 |
Deborah Mcmanus Secretary | OfficerTrustee | 1 | $0 |
Beverly Lipski Treasurer | OfficerTrustee | 1 | $0 |
Robert B Hazelton Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,916 |
| Membership dues | $27,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,554 |
| Noncash contributions included in lines 1a–1f | $14,755 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,410 |
| Total Program Service Revenue | $0 |
| Investment income | $13,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,188 |
| Net Income from Fundraising Events | $22,979 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,690 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,621 |
| 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. | $36,138 |
| Compensation of current officers, directors, key employees. | $3,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,000 |
| Pension plan accruals and contributions | $714 |
| Other employee benefits | $0 |
| Payroll taxes | $5,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,756 |
| Office expenses | $5,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,909 |
| Travel | $0 |
| 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 | $10,373 |
| Insurance | $5,853 |
| All other expenses | $5,233 |
| Total functional expenses | $158,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,730 |
| 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 | $12,619 |
| Prepaid expenses and deferred charges | $2,387 |
| Net Land, buildings, and equipment | $1,051,298 |
| Investments—publicly traded securities | $744,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,422 |
| Total assets | $1,909,171 |
| Accounts payable and accrued expenses | $107 |
| 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 | $2,551 |
| Total liabilities | $2,658 |
| Net assets without donor restrictions | $1,602,735 |
| Net assets with donor restrictions | $303,778 |
| 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 | $1,909,171 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Centre County Historical Society has recieved totaling $110,916.
| Awarding Organization | Amount |
|---|---|
The Hamer Foundation State College Pa, PA PURPOSE: CAPITAL PROJECT | $50,000 |
Centre County Community Foundation Inc State College, PA PURPOSE: GENERAL SUPPORT | $20,916 |
The Palmer Foundation New York, NY PURPOSE: GENERAL FUND | $20,000 |
The@blake And Linda Gall Family Foundation Boalsburg, PA PURPOSE: ENRICHMENT PROGRAMS | $10,000 |
Centre County Lion Country Visitors Convention Bureau State College, PA PURPOSE: TOURISM PROMOTION | $10,000 |
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 |
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
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 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
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 |