Historical Society Of Michigan
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Lansing, MI
- Founding
- 07/1949
- Data as of
- 06/2020
- EIN
- 38-1452689
Organization Overview
Historical Society Of Michigan is located in Lansing, MI. The organization was established in 1949. 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 06/2022, Historical Society Of Michigan employed 22 individuals. This organization is the central organization for a national or regional group of organizations. Historical Society Of Michigan 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 06/2020, Historical Society Of Michigan generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.4m during the year ending 06/2020. While expenses have increased by 2.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HISTORY OF MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISTORICAL SOCIETY OF MICHIGAN WAS INVOLVED IN PROGRAMS AND SERVICES REACHING VARIOUS TARGETED GROUPS INVOLVED WITH MICHIGAN HISTORY. HSM CONDUCTS NUMEROUS TRAINING WORKSHOPS FOR LOCAL HISTORICAL ORGANIZATIONS; PROVIDES SUPPORT TO SMALL TO MEDIUM SIZED HISTORICAL ENTITIES WITH A HOST OF SERVICES SUCH AS WEBSITE ASSISTANCE, BEST PRACTICES, AND OTHER NEEDS; AND PROVIDES EXTENSIVE PROMOTIONAL OPPORTUNITIES TO EXPOSE LOCAL HISTORICAL PROGRAMMING AND RESOURCES TO A STATEWIDE AUDIENCE.
THE HISTORICAL SOCIETY OF MICHIGAN SPONSORED PROGRAM AND OTHER ACTIVITIES FOR TEACHERS OF STATE AND LOCAL HISTORY AND THEIR STUDENTS. ITS FLAGSHIP EDUCATIONAL PROGRAM IS MICHIGAN HISTORY DAY (NATIONAL HISTORY DAY IN MICHIGAN) IN WHICH OVER 6,000 STUDENTS PARTICIPATE. THE PROGRAM, WHICH RUNS FROM LATE FALL TO LATE SPRING, DEVELOPS A WIDE VARIETY OF TALENTS INCLUDING RESEARCH AND CRITICAL THINKING SKILLS, LITERACY, COMMUNICATION AND PRESENTATION ABILITIES, AND MORE.
THE HISTORICAL SOCIETY OF MICHIGAN PROVIDED PUBLICATIONS INCLUDING 2 MAGAZINES AND A SCHOLARLY JOURNAL FOCUSING ON MICHIGAN HISTORY. THEY INCLUDE THE LARGEST STATE HISTORY MAGAZINE IN THE COUNTRY, MICHIGAN HISTORY, WHICH HAS A CIRCULATION OF 20,000 AND OVER 100,000 READERS; THE CHRONICLE, A FOUR COLOR MEMBER'S MAGAZINE THAT FEATURES HISTORY FEATURES, NEWS, CALENDAR OF EVENTS, AND MORE; AND ALSO DISTRIBUTES THE MICHIGAN HISTORICAL REVIEW, AN ACADEMIC JOURNAL FOCUSED ON MICHIGAN AND GREAT LAKES HISTORY. THE HISTORICAL SOCIETY OF MICHIGAN OCCASIONALLY DOES OTHER PUBLICATIONS SUCH AS THE HISTORICAL MICHIGAN TRAVEL GUIDE, MICHIGAN HISTORY DIRECTORY, AND MICHIGAN HISTORY FOR KIDS CURRICULUM.
THE ORGANIZATION RECEIVED A COLLECTION OF HISTORICAL BOOKS, AS WELL AS THE FIRST MAP PRINTED OF THE STATE OF MICHIGAN IN 1837. THESE ITEMS SUPPORT THE ORGANIZATION'S EDUCATION MISSION AND WILL BE USED FOR HISTORICAL RESEARCH. THEY ALSO ENHANCE A DEEPER UNDERSTANDING OF, AND APPRECIATION FOR, MICHIGAN HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry J Wagenaar Executive Di | OfficerTrustee | 40 | $132,437 |
Virginia Paganelli Caruso Secretary | OfficerTrustee | 2 | $0 |
Sharon Carlson President | OfficerTrustee | 2 | $0 |
Shannon White Vice Preside | OfficerTrustee | 2 | $0 |
Robert Verheulen Treasurer | OfficerTrustee | 2 | $0 |
Jay Platt Ended Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,266 |
| Investment income | $3,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,664,694 |
| Statement of Expenses | |
|---|---|
| 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. | $124,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $474,989 |
| Pension plan accruals and contributions | $77,407 |
| Other employee benefits | $2,224 |
| Payroll taxes | $51,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,895 |
| Travel | $8,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,840 |
| Interest | $29,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,005 |
| Insurance | $12,807 |
| All other expenses | $0 |
| Total functional expenses | $1,435,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $1,808 |
| 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 |
| Investments—publicly traded securities | $636,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,060,475 |
| Accounts payable and accrued expenses | $11,231 |
| Grants payable | $0 |
| Deferred revenue | $270,531 |
| 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 | $372,932 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $339,765 |
| Total liabilities | $994,459 |
| 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 |
| Total liabilities and net assets/fund balances | $1,066,016 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historical Society Of Michigan has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
James And Cleo Hamilton Family Charitable Trust Detroit, MI PURPOSE: GENERAL | $40 |
Endowment Analysis
| Beg. Balance | $669,727 |
| Earnings | -$112,744 |
| Net Contributions | $1,099,893 |
| Other Expense | $28,687 |
| Ending Balance | $1,628,189 |
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 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |
Historical Society Of Michigan Lansing, MI | $2,060,475 | $1,664,694 |
Michigan State Tr For Railway Pres Inc Owosso, MI | $6,031,068 | $2,296,352 |
Historical Society Of Saginaw County Inc Saginaw, MI | $1,645,608 | $1,278,498 |
Stark County Historical Society Canton, OH | $9,332,303 | $1,047,258 |