Omohundro Institute Of Early American History And Culture
- Assets
- $24.0m
- Revenue
- $7.2m
- Investments
- $22.1m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 12/1979
- Data as of
- 06/2021
- EIN
- 54-1045628
Organization Overview
Omohundro Institute Of Early American History And Culture is located in Williamsburg, VA. The organization was established in 1979. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Omohundro Institute Of Early American 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 06/2021, Omohundro Institute Of Early American History And Culture generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 1.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FURTHER THE STUDY, RESEARCH, AND PUBLICATION BEARING UPON AMERICAN HISTORY APPROXIMATELY TO THE YEAR 1815.
Describe the Organization's Program Activity:
RESEARCH RELATED TO THE EARLY AMERICAN PAST SINCE 1943, THE INSTITUTE HAS BEEN ACTIVE IN DOCUMENTARY RESEARCH AND EDITING, PUBLISHING COLLECTIONS OF MANUSCRIPTS DESERVING CIRCULATION IN PRINT AND NEW EDITIONS OF CLASSIC WORKS NO LONGER AVAILABLE, AS WELL AS ANNOTATED EDITIONS OF THE PAPERS OF A NUMBER OF PROMINENT EARLY AMERICANS
WILLIAM AND MARY QUARTERLY QUARTERLY PRINT AND DIGITAL EDITIONS OF THE WILLIAM AND MARY QUARTERLY, A JOURNAL OF EARLY AMERICAN HISTORY AND CULTURE. THE WILLIAM AND MARY QUARTERLY NURTURES, PUBLISHES, AND REVIEWS IMPORTANT NEW WORK REPRESENTING THE BROADEST CHRONOLOGIES, GEOGRAPHIES, AND THEMES CURRENTLY EXPLORED BY SCHOLARS OF EARLY NORTH AMERICA.
CONFERENCES, COLLOQUIA, AND OTHER EVENTS THROUGH CONFERENCES, COLLOQUIA, AND OTHER EVENTS THE INSTITUTE HAS PLAYED A MAJOR ROLE SINCE 1952 IN SETTING NEW DIRECTIONS IN EARLY AMERICAN SCHOLARSHIP. CONFERENCES, COLLOQUIA, AND OTHER EVENTS STIMULATE RESEARCH ON SUBJECTS IN NEED OF RENEWED STUDY AND FRESH APPROACHES AND BRING TOGETHER LEADING SCHOLARS TO COMMENT CRITICALLY ON COMMISSIONED HISTORIOGRAPHICAL ESSAYS AND BIBLIOGRAPHIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine E Kelly Interim Dire | Officer | 40 | $0 |
Marie Stock Trustee | Trustee | 1 | $0 |
Jennifer Morgan Trustee | Trustee | 1 | $0 |
Paul S Sperry Treasurer | Trustee | 1 | $0 |
Barbara Oberg Trustee | Trustee | 1 | $0 |
Sidney Lapidus Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colour Outside Llc Website / Tech | 6/29/20 | $111,629 |
Colour Outside Llc Website / Tech | 6/29/20 | $111,629 |
William And Mary Research, Admin | 6/29/20 | $855,026 |
William And Mary Research, Admin | 6/29/20 | $855,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $197,897 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $916,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,667 |
| Total Program Service Revenue | $112,746 |
| Investment income | $5,898,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $102,451 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,241,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,225 |
| Grants and other assistance to domestic individuals. | $19,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,150 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,923,692 |
| Advertising and promotion | $0 |
| Office expenses | $72,143 |
| Information technology | $18,231 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,865 |
| Insurance | $4,098 |
| All other expenses | $9,808 |
| Total functional expenses | $2,143,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,966 |
| Savings and temporary cash investments | $1,590,292 |
| Pledges and grants receivable | $220,427 |
| 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 | $2,761 |
| Net Land, buildings, and equipment | $14,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,121,087 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,007,466 |
| Accounts payable and accrued expenses | $77,757 |
| 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 | $77,757 |
| Net assets without donor restrictions | $1,605,326 |
| Net assets with donor restrictions | $22,324,383 |
| 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 | $24,007,466 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Omohundro Institute Of Early American History And Culture has recieved totaling $2,065.
| Awarding Organization | Amount |
|---|---|
Rouse-Bottom Foundation Newport News, VA PURPOSE: GENERAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Endowment Analysis
| Beg. Balance | $16,968,991 |
| Earnings | $5,888,537 |
| Other Expense | -$736,441 |
| Ending Balance | $22,121,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
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 |
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 |