Union County Historical Society Inc
- Assets
- $1.9m
- Revenue
- $253.8k
- Investments
- $0.0
- Employees
- 1
- Location
- New Albany, MS
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 64-0800396
Organization Overview
Union County Historical Society Inc is located in New Albany, MS. The organization was established in 1993. 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. Union County 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 12/2021, Union County Historical Society Inc generated $253.8k 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 (14.7%) each year. All expenses for the organization totaled $186.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISTORICAL SOCIETY IN UNION COUNTY OPERATES AND MAINTAINS A MUSEUM WHICH BENEFITS THE CITIZENS OF UNION COUNTY, MS, POPULATION 28,606. THE SOCIETY ALSO PUBLISHES HISTORICAL WORKS ON UNION COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Henson President | Officer | 0 | $0 |
Bill Rutledge Vice President | Officer | 0 | $0 |
Betsey Hamilton Treasurer | Officer | 0 | $0 |
Lynn Madden Secretary | Officer | 0 | $0 |
Jack Dalton Director | Trustee | 0 | $0 |
Jill N Smith Executive Direc | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,997 |
| Total Program Service Revenue | $16,508 |
| Investment income | $2,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,989 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $282 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$204 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,823 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,031 |
| 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 | $405 |
| Fees for services: Other | $209 |
| Advertising and promotion | $2,675 |
| Office expenses | $4,071 |
| Information technology | $545 |
| Royalties | $0 |
| Occupancy | $27,708 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,686 |
| Insurance | $2,471 |
| All other expenses | $34,213 |
| Total functional expenses | $186,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,013 |
| Savings and temporary cash investments | $193,759 |
| 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 | $20,903 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,425,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,070 |
| Total assets | $1,890,401 |
| Accounts payable and accrued expenses | $0 |
| 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 | $176,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $600 |
| Total liabilities | $176,837 |
| Net assets without donor restrictions | $1,519,805 |
| Net assets with donor restrictions | $193,759 |
| 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 | $1,890,401 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Union County Historical Society Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $61,419 |
| Earnings | $8,735 |
| Admin Expense | $404 |
| Net Contributions | $100 |
| Other Expense | $2,175 |
| Ending Balance | $67,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Birmingham Landmarks Inc Birmingham, AL | $19,773,714 | $5,790,152 |
Alabama Historic Ironworks Commission Mccalla, AL | $4,360,177 | $2,386,256 |
American Association For State And Local History Nashville, TN | $3,183,463 | $1,709,459 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
The Womans Exchange New Orleans, LA | $10,094,476 | $1,085,380 |
Landmarks Foundation Of Montgomery Montgomery, AL | $1,396,181 | $849,909 |
Travellers Rest Historic House Museum Inc Nashville, TN | $863,469 | $449,489 |
American Wood Protection Association Inc Birmingham, AL | $684,306 | $660,607 |
Tennessee Overhill Heritage Association Etowah, TN | $374,282 | $121,863 |