Little Traverse Historical Society
- Assets
- $76.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Petoskey, MI
- Founding
- 08/1965
- Data as of
- 12/2021
- EIN
- 38-6107314
Organization Overview
Little Traverse Historical Society is located in Petoskey, MI. The organization was established in 1965. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Traverse 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, Little Traverse Historical Society generated $55.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $80.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE LITTLE TRAVERSE HISTORICAL SOCIETY IS ORGANIZED TO PRESERVE, ADVANCE, AND DISSEMINATE KNOWLEDGE OF THE HISTORY OF THE LITTLE TRAVERSE BAY AREA. MAJOR FUNDRAISERS INCLUDE THE HISTORIC FESTIVAL, ICE CREAM SOCIAL, GIFT SHOP, AND TOURS. BECAUSE OF COVID RESTRICTIONS THERE WAS LIMITED ACCESS TO THE MUSEUM. TYPICALLY, THE MUSEUM HAS APPROXIMATELY 3,500 VISITORS A YEAR TOUR THE MUSEUM AND ANOTHER 1,100 FOR EVENTS AND SPECIAL TOURS. SO, IT IS ESTIMATED THERE ARE 4,500 AREA VISITORS AND LOCAL RESIDENTS THAT EXPERIENCE THE AREA'S UNIQUE AND VARIED HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Garver Executive Di | 20 | $22,917 | |
Dylan Taylor 2020 Co-Dire | 1 | $5,417 | |
Becky Goodman President | 2 | $0 | |
Matt Hausler Vice Preside | 2 | $0 | |
Brenda Korthauer Treasurer | 3 | $0 | |
Penny Crim Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,928 |
| Total Program Service Revenue | $6,842 |
| Membership dues | $5,470 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,435 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,533 |
| Professional fees and other payments to independent contractors | $4,818 |
| Occupancy, rent, utilities, and maintenance | $27,514 |
| Printing, publications, postage, and shipping | $2,755 |
| Other expenses | $7,611 |
| Total expenses | $80,231 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,016 |
| Other assets | $0 |
| Total assets | $76,016 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,016 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Little Traverse Historical Society has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Tom And Ellen Noneman Foundation Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $100 |
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 |