Marco Island Historical Society Inc
- Assets
- $2.5m
- Revenue
- $868.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Marco Island, FL
- Founding
- 05/1997
- Data as of
- 12/2020
- EIN
- 59-3425001
Organization Overview
Marco Island Historical Society Inc is located in Marco Island, FL. The organization was established in 1997. 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 12/2020, Marco Island Historical Society Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marco Island Historical Society Inc 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 12/2020, Marco Island Historical Society Inc generated $868.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $511.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MARCO ISLAND HISTORICAL SOCIETY, INC., IS ORGANIZED FOR THE PURPOSE OF PRESERVING AND SHARING THE HISTORY AND HERITAGE OF MARCO ISLAND AND THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS WORKING ON RESEARCH, ACQUISITION AND PRESERVATION OF THE MULTI-FACETED HISTORY OF THE MARCO ISLAND-GOODLAND REGION IN SOUTHWEST FLORIDA,THROUGH THE USE OF A CURATOR AND COLLECTION MANAGER AND THROUGH THE CURATION OF RELEVANT ARTIFACT LOANS FROM MUSEUMS AND ORGANIZATIONS. COLLECTIONS ARE SHARED WITH THE PUBLIC THROUGH THE DESIGN AND IMPLEMENTATION OF INFORMATIVE MUSEUM EXHIBITS - BOTH PERMANENT AND TEMPORARY.
THE ORGANIZATION INFORMS THE COMMUNITY AND VISITORS TO THE AREA OF THE HISTORY AND HERITAGE OF THE MARCO ISLAND-GOODLAND REGION IN SOUTHWEST FLORIDA USING A SERIES OF EDUCATIONAL SPEAKERS AND COMMUNITY EVENTS, BY SPONSORING HISTORIC RE-ENACTMENTS AND BOOK/NEWLETTER PUBLICATIONS,AND THROUGH THE DEVELOPMENT OF YOUTH ACTIVITIES AND PROGRAMS. THE ORGANIZATION MANAGES THE OPERATIONS OF ROSE HISTORY AUDITORIUM AS A VENUE FOR THESE EVENTS AND MAKES THE AUDITORIUM AVAILABLE TO THE COMMUNITY FOR A MODEST RENTAL FEE. REVENUE RECEIVED IS DESIGNED TO COVER THE COSTS OF THE AUDITORIUM.
THE ORGANIZATION OPERATES THE MUSEUM STORE PROVIDING ITEMS SUCH AS BOOKS, WHICH INFORM ABOUT THE HISTORY OF MARCO ISLAND, JEWELRY, AND OTHER ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Rutledge Executive Dir. | OfficerTrustee | 50 | $87,452 |
Austin J Bell Curator | 40 | $55,108 | |
Susan Pernini Admin Manager | 40 | $49,039 | |
Heather M Otis Administration | 40 | $40,269 | |
Nancy L Judd Store/hall Mngr | 20 | $7,119 | |
Mike O'rourke President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,990 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $536,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,408 |
| Total Program Service Revenue | $144,591 |
| Investment income | $55,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $868,675 |
| 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. | $87,452 |
| Compensation of current officers, directors, key employees. | $17,490 |
| 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 | $17,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,320 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,710 |
| Office expenses | $9,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,106 |
| 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 | $14,025 |
| Insurance | $13,849 |
| All other expenses | $25,819 |
| Total functional expenses | $511,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,367 |
| Savings and temporary cash investments | $1,824,900 |
| Pledges and grants receivable | $7,450 |
| 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 | $16,965 |
| Prepaid expenses and deferred charges | $4,012 |
| Net Land, buildings, and equipment | $66,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,460,166 |
| Accounts payable and accrued expenses | $2,585 |
| Grants payable | $0 |
| Deferred revenue | $21,275 |
| 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 | $150,000 |
| Total liabilities | $173,860 |
| Net assets without donor restrictions | $781,908 |
| Net assets with donor restrictions | $1,504,398 |
| 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 | $2,460,166 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Marco Island Historical Society Inc has recieved totaling $66,676.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Collier County Naples, FL PURPOSE: EDUCATION | $27,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $22,500 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION - HUNGER FREE POLK COUNTY - 2ND AND 3RD OF 3 INSTALLMENTS | $10,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,512 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $164 |
Endowment Analysis
| Beg. Balance | $1,279,011 |
| Earnings | $131,267 |
| Admin Expense | $9,311 |
| Net Contributions | $15,000 |
| Other Expense | $63,951 |
| Ending Balance | $1,352,016 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Vizcaya Museum And Gardens Trust Inc Miami, FL | $11,712,180 | $11,588,414 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Bellingrath-Morse Foundation Theodore, AL | $109,592,614 | $8,669,562 |
Thomas Edison And Henry Ford Winter Estates Inc Fort Myers, FL | $5,261,468 | $5,556,922 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Roshan Institute Of Cultural Heritage Orlando, FL | $8,118,910 | $2,379,053 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Educopia Institute Inc Atlanta, GA | $2,468,472 | $2,053,368 |
Historic Oakland Foundation Inc Atlanta, GA | $10,625,800 | $4,650,035 |