Bangor Historical Society
- Assets
- $620.3k
- Revenue
- $187.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Bangor, ME
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 01-0282853
Organization Overview
Bangor Historical Society, operating under the name Bangor Museum & Center For History, is located in Bangor, ME. The organization was established in 1998. 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. Bangor Museum & Center For History 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 12/2023, Bangor Museum & Center For History generated $187.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $91.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING, PROTECTING AND SHARING THE RICH HERITAGE OF BANGOR, ME THROUGH THE STERWARDSHIP OF ARTIFACTS, DOCUMENTS AND SITES. OFFERING TOURS, EVENTS, MEMBERSHIP AND A GIFT SHOP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESEARCH, EDUCATION, AND TOURS OF SITES FOR MEMBERS OF THE ORGANIZATION
GIFT SHOP SALES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew A Bishop Executive Director | 40 | $48,500 | |
Jessica Ward Director | Trustee | 0 | $0 |
Rebecca Krupke Director | Trustee | 0 | $0 |
Alan Boone Director | Trustee | 0 | $0 |
Richard Bronson Director | Trustee | 0 | $0 |
Ryan Hews Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,791 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,140 |
| Total Program Service Revenue | $9,352 |
| Investment income | $32,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,499 |
| 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. | $48,500 |
| Compensation of current officers, directors, key employees. | $16,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,323 |
| Advertising and promotion | $273 |
| Office expenses | $4,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,479 |
| 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 | $1,343 |
| Insurance | $877 |
| All other expenses | $451 |
| Total functional expenses | $91,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,414 |
| Savings and temporary cash investments | $137,408 |
| 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 | $3,138 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $363,508 |
| Total assets | $620,309 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $143,850 |
| Net assets with donor restrictions | $476,459 |
| 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 | $620,309 |