Historical Society Of Talbot County
- Assets
- $3.1m
- Revenue
- $408.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Easton, MD
- Founding
- 10/1957
- Data as of
- 04/2024
- EIN
- 52-6044645
Organization Overview
Historical Society Of Talbot County is located in Easton, MD. The organization was established in 1957. 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 04/2024, Historical Society Of Talbot County employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historical Society Of Talbot County 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 04/2024, Historical Society Of Talbot County generated $408.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $278.6k during the year ending 04/2024. While expenses have increased by 1.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE EDUCATIONAL OPPORTUNITIES TO THE CITIZENS OF OUR COUNTY SO THEY MAY LEARN FROM THE PAST AND USE THAT KNOWLEDGE TO BUILD A FUTURE WHICH PRESERVES TALBOT COUNTY AS ONE OF THE BEST PLACES TO LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE, COMMUNICATE AND CELEBRATE THE RICH HERITAGE OF TALBOT COUNTY, MARYLAND BY EDUCATION OF RESIDENTS AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Morey General Manager | Officer | 20 | $49,619 |
Hughlett Kirby Treasurer | OfficerTrustee | 4 | $0 |
Marty Bollinger Director | Trustee | 2 | $0 |
Paul Callahan Director | Trustee | 5 | $0 |
Don Casson Director | Trustee | 2 | $0 |
George Meyer Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,575 |
| Fundraising events | $23,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,186 |
| Noncash contributions included in lines 1a–1f | $92,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,161 |
| Total Program Service Revenue | $0 |
| Investment income | $55,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,611 |
| Net Gain/Loss on Asset Sales | $20,449 |
| Net Income from Fundraising Events | $2,396 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,554 |
| 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. | $49,619 |
| Compensation of current officers, directors, key employees. | $9,924 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,489 |
| Office expenses | $9,502 |
| Information technology | $4,128 |
| 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 | $29,058 |
| Insurance | $21,492 |
| All other expenses | $18,985 |
| Total functional expenses | $278,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,955 |
| Savings and temporary cash investments | $299,024 |
| 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 | $2,944 |
| Net Land, buildings, and equipment | $812,124 |
| Investments—publicly traded securities | $1,611,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $270,985 |
| Total assets | $3,117,806 |
| Accounts payable and accrued expenses | $53,267 |
| 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 | $9,059 |
| Total liabilities | $62,326 |
| Net assets without donor restrictions | $2,332,334 |
| Net assets with donor restrictions | $723,146 |
| 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 | $3,117,806 |