Elgin Area Historical Society
- Assets
- $2.8m
- Revenue
- $312.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Elgin, IL
- Founding
- 10/1967
- Data as of
- 12/2019
- EIN
- 36-6161304
Organization Overview
Elgin Area Historical Society is located in Elgin, IL. The organization was established in 1967. 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 12/2019, Elgin Area Historical Society employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elgin Area 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 12/2019, Elgin Area Historical Society generated $312.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $239.9k during the year ending 12/2019. While expenses have increased by 10.2% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND PRESERVATION OF ELGIN AREA HISTORICAL INTERESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND PRESERVATION OF HISTORICAL LANDMARKS IN THE ELGIN AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Marston Museum Director | Officer | 28 | $51,611 |
Laura Stroud Secretary | Officer | 0 | $0 |
Ricky Harris Corr Secretary | Officer | 0 | $0 |
William Briska Treasurer | Officer | 0 | $0 |
George Rowe Vice President | Officer | 0 | $0 |
Alan Walters President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,252 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,653 |
| Total Program Service Revenue | $37,035 |
| Investment income | $105,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,473 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,618 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,240 |
| 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. | $51,611 |
| Compensation of current officers, directors, key employees. | $5,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,223 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,607 |
| Office expenses | $3,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $5,282 |
| All other expenses | $13,218 |
| Total functional expenses | $239,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,206 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,655,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,786,220 |
| Accounts payable and accrued expenses | $243 |
| 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 | $3,904 |
| Total liabilities | $4,147 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,782,073 |
| Total liabilities and net assets/fund balances | $2,786,220 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Elgin Area Historical Society has recieved totaling $19,167.
| Awarding Organization | Amount |
|---|---|
Grand Victoria Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $16,667 |
Florence B & Cornelia A Palmer Foundation Elgin, IL PURPOSE: EMERG GRANT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Truck Historical Society Kansas City, MO | $4,869,322 | $1,570,216 |
Two Rivers Historical Society Two Rivers, WI | $1,166,797 | $640,666 |
Naperville Heritage Society Naperville, IL | $6,253,015 | $1,941,330 |