The Illinois State Historical Society
- Assets
- $3.3m
- Revenue
- $488.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Springfield, IL
- Founding
- 07/1947
- Data as of
- 12/2021
- EIN
- 37-0767410
Organization Overview
The Illinois State Historical Society is located in Springfield, IL. The organization was established in 1947. 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 12/2021, Illinois State Historical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois State 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, Illinois State Historical Society generated $488.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $407.7k during the year ending 12/2021. While expenses have increased by 0.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING AND SUPPORT SERVICES IN RELATION TO THE RESEARCH AND DEVELOPMENT OF HISTORICAL INFORMATION REGARDING THE STATE OF ILLINOIS HISTORY.
Describe the Organization's Program Activity:
LIBRARY ACQUISITIONS, RESEARCH, HISTORICAL LITERATURE, SOCIETY MEETINGS, SCHOOL SERVICES PROGRAMS, SCHOLARSHIPS, PUBLICATIONS OF HISTORICAL PIECES AND OTHER
FUNDING FOR THE FOLLOWING PROJECTS: HISTORICAL MARKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Furry Executive Dir. | Officer | 40 | $78,213 |
Dan Monroe President | Trustee | 1 | $0 |
Marilyn Leland Vice President | Trustee | 1 | $0 |
Ty Rohrer Treasurer | Trustee | 1 | $0 |
William P Shannon IV Secretary | Trustee | 1 | $0 |
Todd Carr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,779 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,386 |
| Total Program Service Revenue | $9,230 |
| Investment income | $40,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,927 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,019 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,089 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,213 |
| Compensation of current officers, directors, key employees. | $78,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,265 |
| Pension plan accruals and contributions | $6,009 |
| Other employee benefits | $0 |
| Payroll taxes | $12,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71 |
| Fees for services: Accounting | $6,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,030 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,854 |
| 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 | $516 |
| Insurance | $5,808 |
| All other expenses | $5,171 |
| Total functional expenses | $407,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,480 |
| Savings and temporary cash investments | $101,101 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $1,023 |
| Net Land, buildings, and equipment | $938 |
| Investments—publicly traded securities | $2,428,732 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $675,603 |
| Total assets | $3,306,877 |
| Accounts payable and accrued expenses | $6,137 |
| Grants payable | $0 |
| Deferred revenue | $37,983 |
| 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 | $552,603 |
| Total liabilities | $596,723 |
| Net assets without donor restrictions | $2,387,137 |
| Net assets with donor restrictions | $323,017 |
| 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 | $3,306,877 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Illinois State Historical Society has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Bound To Stay Bound Books Foundation Jacksonville, IL PURPOSE: CHARITABLE DONATION | $5,000 |
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 |