Maine Historical Society
- Assets
- $13.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Portland, ME
- Founding
- 04/1938
- Data as of
- 06/2021
- EIN
- 01-0211530
Organization Overview
Maine Historical Society is located in Portland, ME. The organization was established in 1938. 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 06/2021, Maine Historical Society employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Historical Society 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, Maine Historical Society generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. 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
PRESERVE AND TEACH THE HISTORY OF MAINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF HISTORICAL RESEARCH LIBRARYTHE MAINE HISTORICAL SOCIETY WEB SITE IS PART OF ALL MAJOR PROGRAMS.
OPERATION AND MAINTENANCE OF THE WADSWORTH LONGFELLOW HOUSE (A HISTORIC STRUCTURE) AND MUSEUM
OPERATION OF THE MUSEUM STORE
OPERATION AND MAINTENANCE OF HISTORICAL RESEARCH LIBRARYTHE MAINE HISTORICAL SOCIETY WEB SITE IS PART OF ALL MAJOR PROGRAMS.
OPERATION AND MAINTENANCE OF THE WADSWORTH LONGFELLOW HOUSE (A HISTORIC STRUCTURE) AND MUSEUM
OPERATION OF THE MUSEUM STORE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Bromage Executive Director | Officer | 35 | $100,540 |
Jean Gulliver Chair | OfficerTrustee | 6 | $0 |
Tyler Judkins 1st Vice President | OfficerTrustee | 6 | $0 |
Eliot Cutler 2nd Vice President | OfficerTrustee | 6 | $0 |
Laura F Sprague Secretary | OfficerTrustee | 6 | $0 |
Drew Swenson Treasurer | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,486 |
| Fundraising events | $92,169 |
| Related organizations | $0 |
| Government grants | $338,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $740,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,284,046 |
| Total Program Service Revenue | $348,222 |
| Investment income | $107,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $172,904 |
| Net Gain/Loss on Asset Sales | $730,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,642,638 |
| 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. | $100,540 |
| Compensation of current officers, directors, key employees. | $26,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $891,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,879 |
| Payroll taxes | $75,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,621 |
| Fees for services: Accounting | $17,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,364 |
| Advertising and promotion | $2,019 |
| Office expenses | $0 |
| Information technology | $71,130 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $350,782 |
| Insurance | $39,448 |
| All other expenses | $147,959 |
| Total functional expenses | $2,123,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $752,168 |
| Accounts receivable, net | $37,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,745 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,974,370 |
| Investments—publicly traded securities | $6,764,506 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,691 |
| Total assets | $13,012,568 |
| Accounts payable and accrued expenses | $122,724 |
| 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 | $1,774,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $240,968 |
| Total liabilities | $2,138,050 |
| Net assets without donor restrictions | $8,702,610 |
| Net assets with donor restrictions | $2,171,908 |
| 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 | $13,012,568 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maine Historical Society has recieved totaling $110,050.
| Awarding Organization | Amount |
|---|---|
P D Merrill Charitable Tr U-A Dtd 11-02-06 Portland, ME PURPOSE: GENERAL SUPPORT | $110,000 |
The Murray Charitable Trust Portland, ME PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $4,941,708 |
| Earnings | $1,392,370 |
| Admin Expense | $8,757 |
| Other Expense | $93,703 |
| Ending Balance | $6,231,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Old York Historical Society York, ME | $9,131,743 | $731,758 |
Portsmouth Historical Society Portsmouth, NH | $3,776,411 | $3,186,969 |
Historical Society Of Cheshire Cty Keene, NH | $6,912,081 | $683,273 |
Victoria Mansion Portland, ME | $7,456,026 | $975,130 |
Greater Portland Landmarks Inc Portland, ME | $2,715,292 | $431,780 |
Maine Preservation Yarmouth, ME | $1,039,325 | $459,368 |
Castine Historical Society Inc Castine, ME | $8,350,405 | $605,426 |
Trustees Of Bloomfield Academy Skowhegan, ME | $2,438,254 | $591,288 |
Rockland Historical Society Rockland, ME | $48,909 | $54,735 |