Bay County Historical Society
- Assets
- $1.0m
- Revenue
- $331.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Bay City, MI
- Founding
- 09/1959
- Data as of
- 12/2021
- EIN
- 38-1456041
Organization Overview
Bay County Historical Society is located in Bay City, MI. The organization was established in 1959. 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, Bay County Historical Society employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay 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, Bay County Historical Society generated $331.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $190.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 years. 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
DIRECTION OF THE HISTORICAL MUSEUM OF BAY COUNTY. THE PRIMARY FUNCTION OF THE MUSEUM IS TO ACQUIRE, PRESERVE, AND RESEARCH ARTIFACTS AND ARCHIVAL MATERIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATION AND MAINTENANCE TO SAFEKEEP AND DISPLAY COLLECTIONS TO THE GENERAL PUBLIC OF THE GREAT LAKES BAY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Weiler President | Officer | 1 | $0 |
Matthew Beattie Vice President | Officer | 1 | $0 |
Leo Borello Treasurer | Officer | 1 | $0 |
George Shaw Director | Trustee | 1 | $0 |
Gary Johnson Director | Trustee | 1 | $0 |
Stephen Kent Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,486 |
| Total Program Service Revenue | $276,930 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $6,536 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,810 |
| 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 | $61,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,685 |
| Office expenses | $4,413 |
| 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 | $36,451 |
| Insurance | $11,709 |
| All other expenses | $5,349 |
| Total functional expenses | $190,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,355 |
| 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 | $30,979 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $275,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $614,717 |
| Total assets | $1,028,667 |
| Accounts payable and accrued expenses | $15,816 |
| 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 | $0 |
| Total liabilities | $15,816 |
| Net assets without donor restrictions | $782,370 |
| Net assets with donor restrictions | $230,481 |
| 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 | $1,028,667 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bay County Historical Society has recieved totaling $27,474.
| Awarding Organization | Amount |
|---|---|
Russell H & Maxine E Smith Charitable Foundation Bay City, MI PURPOSE: GRANT FOR RENOVATION OF LIBRARY | $15,000 |
Bay Area Community Foundation Bay City, MI PURPOSE: 2021 FUND DISBURSEMENT, EXHIBIT:ROCK & ROLL LEGENDS HALL OF FAME | $11,974 |
Weinlander Fitzhugh Foundation Inc Bay City, MI PURPOSE: GENERAL OPERATING FUND | $500 |
Endowment Analysis
| Beg. Balance | $106,162 |
| Earnings | $15,424 |
| Admin Expense | $620 |
| Other Expense | $4,174 |
| Ending Balance | $116,792 |
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 |