Maryland Historical Society
- Assets
- $35.9m
- Revenue
- $5.3m
- Investments
- $228.1k
- Employees
- 39
- Location
- Baltimore, MD
- Founding
- 07/1926
- Data as of
- 06/2020
- EIN
- 52-0403670
Organization Overview
Maryland Historical Society, operating under the name The Maryland Center For History And Culture, is located in Baltimore, MD. The organization was established in 1926. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Maryland Center For History And Culture employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Center For History And Culture 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, Maryland Center For History And Culture generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $4.9m during the year ending 06/2020. While expenses have increased by 4.2% 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.
Since 2020, Maryland Center For History And Culture has awarded 41 individual grants totaling $449,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE PEOPLE OF MARYLAND, AND THOSE INTERESTED IN MARYLAND HISTORY, THROUGH STEWARDSHIP OF COMPREHENSIVE LIBRARY AND MUSEUM COLLECTIONS THAT ARE CENTRAL TO THE STATE'S HISTORY, BY PROMOTING SCHOLARSHIP THROUGH PUBLICATIONS AND BY PROVIDING EDUCATIONAL SERVICES AT ITS OWN CAMPUS AND THROUGHOUT THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALLERY AND MUSEUM - DISPLAYS AND TOURS WHICH HELP TO EDUCATE THE GENERAL PUBLIC ON CERTAIN HISTORICAL ARTIFACTS AND EVENTS AS THEY RELATE TO MARYLAND HISTORY.
EDUCATION - EXPENDITURES FOR TOUR GUIDES, OUTREACH PROGRAMS, AND LECTURES WHICH PROMOTE EDUCATION OF MARYLAND HISTORY.
LIBRARY - BOOKS, PERIODICALS, PRINTS AND PHOTOGRAPHS WHICH HELP TO EDUCATE THE GENERAL PUBLIC ABOUT MARYLAND HISTORY
SPECIAL PROJECTS - EXPENDITURES MADE TO PRESERVE CERTAIN ARTIFACTS WHICH WILL EDUCATE THE GENERAL PUBLIC ON MARYLAND HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Letzer President And CEO | OfficerTrustee | 35 | $140,192 |
Tom Welliver CFO | Officer | 21 | $114,231 |
Eleanor Shriver Magee Vice Chair | OfficerTrustee | 1 | $0 |
M Willis Macgill Vice Chair | OfficerTrustee | 1 | $0 |
John Banes First Vice Chair | OfficerTrustee | 1 | $0 |
Robert Hopkins Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,386,571 |
| Investment income | $544,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22 |
| Net Rental Income | $106,679 |
| Net Gain/Loss on Asset Sales | $1,080,159 |
| Net Income from Fundraising Events | -$10,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,212 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,321,306 |
| 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. | $210,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,814,459 |
| Pension plan accruals and contributions | $42,244 |
| Other employee benefits | $168,183 |
| Payroll taxes | $148,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $87,415 |
| Fees for services: Investment Management | $82,691 |
| Fees for services: Other | $367,916 |
| Advertising and promotion | $6,984 |
| Office expenses | $37,227 |
| Information technology | $204,730 |
| Royalties | $0 |
| Occupancy | $266,693 |
| Travel | $13,028 |
| 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 | $583,525 |
| Insurance | $75,384 |
| All other expenses | $0 |
| Total functional expenses | $4,890,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,620 |
| Savings and temporary cash investments | $1,045,008 |
| Pledges and grants receivable | $1,892,685 |
| 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 | $108,082 |
| Prepaid expenses and deferred charges | $38,714 |
| Investments—publicly traded securities | $20,181,308 |
| Investments—other securities | $228,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,899 |
| Total assets | $35,915,742 |
| Accounts payable and accrued expenses | $591,583 |
| Grants payable | $0 |
| Deferred revenue | $91,500 |
| 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 | $683,083 |
| 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 | $35,232,659 |
Grants Awarded
Over the last fiscal year, Maryland Historical Society has awarded $182,250 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Annapolis, MD PURPOSE: PRESERVING A LOCAL LEGACY COLLECTION | $20,000 |
Williamsport, MD PURPOSE: IMPROVING TECHNOLOGY AND BUILDING CAPACITY TO LEVERAGE THE C&O CANALS 50TH ANNIVERSARY | $10,000 |
Randallstown, MD PURPOSE: THE DIGGS-JOHNSON MUSEUM LEGACY PRESERVATION PROJECT | $10,000 |
Baltimore, MD PURPOSE: NEW STRATEGIES AND TACTICS FOR GREATER DIVERSITY AND INCLUSION IN LEADERSHIP AT THE PEALE | $10,000 |
Thurmont, MD PURPOSE: FORGING OUR FUTURE: ENSURING CATOCTIN FURNACE'S LONG-TERM FINANCIAL HEALTH | $10,000 |
Accokeek, MD PURPOSE: LONG-TERM MARKETING PLANNING AND SITE IMPROVEMENTS TO ADVANCE A WELCOMING SPACE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Maryland Historical Society has recieved totaling $357,743.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $130,950 |
Summerfield Baldwin Jr A & B Foundation Pittsburgh, PA PURPOSE: BUILDING FUND; ANNUAL | $125,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $44,050 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $15,000 |
Baltimore Heritage Area Association Inc Baltimore, MD PURPOSE: TO BENEFIT PROGRAMS, ORGANIZATIONS, AND HISTORIC SITES WITHIN THE BALTIMORE NATIONAL HERITAGE AREA | $7,500 |
Endowment Analysis
| Beg. Balance | $16,577,267 |
| Earnings | $5,172,110 |
| Net Contributions | $1,940,000 |
| Other Expense | $920,500 |
| Ending Balance | $22,768,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Eastern State Penitentiary Historic Site Inc Philadelphia, PA | $22,218,980 | $7,181,696 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |