Lakewood Historical Society
- Assets
- $817.1k
- Revenue
- $168.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Lakewood, OH
- Founding
- 11/1953
- Data as of
- 05/2022
- EIN
- 34-6556203
Organization Overview
Lakewood Historical Society is located in Lakewood, OH. The organization was established in 1953. 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, Lakewood Historical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood 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, Lakewood Historical Society generated $168.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $66.7k during the year ending 05/2022. 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
THE MISSION OF THE LAKEWOOD HISTORICAL SOCIETY IS TO ENHANCE THE QUALITY OF LIFE IN LAKEWOOD BY OFFERING EDUCATIONAL PROGRAMS FOR ALL AGES; PROVIDING STEWARDSHIP OF ARTIFACTS AND BUILDINGS; AND ADVOCATING FOR OUR HISTORICAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORICAL PRESERVATION & CONSERVATION: OPERATION OF MUSEUM AND EARLY SETTLERS HOME, AS WELL AS ARTIFACTS COLLECTION, HISTORICAL PRESERVATION AND EDUCATIONAL PROGRAMS.
HISTORICAL PRESERVATION & CONSERVATION: OPERATION OF A RENTAL FACILITY FOR THE COMMUNITY TO USE FOR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Bishop Secretary | OfficerTrustee | 6 | $0 |
Norine Prim 1st Vice Pre | OfficerTrustee | 6 | $0 |
Ann Bish Treasurer | OfficerTrustee | 6 | $0 |
Jim Robinson President | OfficerTrustee | 8 | $0 |
Gregory Sent 2nd Vice Pre | OfficerTrustee | 6 | $0 |
Kristine Adams Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,647 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,450 |
| Total Program Service Revenue | $25,704 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $85,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,114 |
| 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 | $2,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,507 |
| Fees for services: Other | $0 |
| Advertising and promotion | $517 |
| Office expenses | $8,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,659 |
| 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 | $5,222 |
| Insurance | $4,278 |
| All other expenses | $522 |
| Total functional expenses | $66,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,098 |
| Savings and temporary cash investments | $170,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,365 |
| 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 | $256,840 |
| Investments—publicly traded securities | $315,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,537 |
| Total assets | $817,128 |
| Accounts payable and accrued expenses | $1,297 |
| 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 | $4,008 |
| Total liabilities | $5,305 |
| Net assets without donor restrictions | $499,438 |
| Net assets with donor restrictions | $312,385 |
| 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 | $817,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakewood Historical Society has recieved totaling $92.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Endowment Analysis
| Beg. Balance | $177,592 |
| Ending Balance | $156,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Mark Foundation East Lansing, MI | $12,066,077 | $372,589 |
Detroit Historical Society Detroit, MI | $8,852,742 | $2,440,000 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
The Flagship Niagara League Erie, PA | $891,920 | $1,486,616 |