Islesboro Historical Society is located in Islesboro, ME. The organization was established in 1972. 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. Islesboro 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 12/2021, Islesboro Historical Society generated $65.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $43.1k 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
TO BRING TOGETHER PEOPLE INTERESTED IN THE HISTORY OF ISLESBORO, FOR THE PURPOSE OF COLLECTING, PRESERVING, PRESENTING AND PROMOTING MATERIALS RELATED TO THE HISTORY OF THE TOWN AND ITS PLACE IN LOCAL, REGIONAL, AND NATIONAL HISTORY. MATERIALS INCLUDE PRINTED AND MANUSCRIPT DOCUMENTS AND RECORDS, PAINTINGS, PHOTOGRAPHS, MAPS, OBJECTS, ARTIFACTS AND BUILDINGS ASSOCIATED WITH THE HISTORY OF ISLESBORO AND ITS RESIDENTS.THE SOCIETY ALSO SEEKS TO PRESERVE, PROMOTE AND INTERPRET AND SUSTAIN THE CULTURE OF ISLESBORO AND ITS RESIDENTS, BY HOSTING, SPONSORING, AND SUPPORTING ACTIVITIES AND EVENTS THAT CELEBRATE AND SUSTAIN THAT CULTURE IN ALL ITS VARIOUS FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND OPERATION OF THE BUILDING AND MUSEUM: DURING 2021, NO SIGNIFICANT REPLACEMENT OR IMPROVEMENT PROJECTS WERE CARRIED OUT. $9,365 WAS SPENT ON ROUTINE MAINTENANCE, SECURITY AND OCCUPANCY COSTS, INCLUDING ELECTRICITY, AS WELL AS PROPERTY MAINTENANCE.
HISTORICAL SOCIETY MEETINGS, LECTURES, MUSEUM PUBLIC EXHIBITIONS, PUBLICATIONS, GENEALOGY AND COLLECTIONS: PUBLIC EXHIBITIONS AND PROGRAMS ARE CARRIED OUT IN THE HISTORICAL SOCIETY BUILDING AND IN THE MUSEUM. HOWEVER, DURING 2021, THE BUILDING AND MUSEUM WERE CLOSED DUE TO COVID-19. MEETINGS AND LECTURES CONCERNING ISLESBORO HISTORY WERE CONDUCTED VIA ZOOM, AT A TOTAL COST OF $254.93. THERE WERE ALSO SOME OUTDOOR HISTORICAL WALKING TOURS CONDUCTED, WHICH NO COST OR REVENUES WERE ASSOCIATED. THE SOCIETY HAS ALSO PUBLISHED SEVERAL BOOKS ON THE ISLAND'S HISTORY. ONE OF THESE, TALES AND TREASURES, WAS REPRINTED IN 2021 AT A COST OF $960.00. IN ADDITION, AN ACTIVE PROGRAM IS CONDUCTED IN THE SOCIETY'S GENEALOGY AND COLLECTIONS DEPARTMENT. TO CARRY OUT THE VIRTUAL PROGRAMMING, APPROXIMATELY 100-MAN HOURS OF VOLUNTEER TIME WAS USED. AN ACTIVE PROGRAM IS CONDUCTED TO ENGAGE THE STUDENTS OF THE ISLESBORO CENTRAL SCHOOL IN LEARNING THE ISLAND'S HISTORY. WORK WAS FURTHER DONE IN 2021 TO DIGITALIZE ORAL HISTORIES THAT HAD BEEN COLLECTED, AND TO UPLOAD VIDEOS TO SOCIETY'S WEBPAGE. THE COST OF THESE ACTIVITIES TOTALED $578.10. TOTAL EXPENDITURES IN THIS CATEGORY FOR 2021 RELATED TO PROGRAMS WAS $3,081.
SCHOLARSHIP PROGRAM: THE SCHOLARSHIP PROGRAM ESTABLISHED IN 2013 BY THE ISLESBORO HISTORICAL SOCIETY, CONTINUES WITH THE AWARD PRESENTED ANNUALLY TO AN ISLESBORO HIGH SCHOOL GRADUATE(S) INTERESTED IN PURSUING EDUCATION AT A SECONDARY SCHOOL/COLLEGE. THE STUDENT'S PERFORMANCE IN HISTORY COURSES IS ONE OF THE FACTORS CONSIDERED BY THE SCHOLARSHIP COMMITTEE. NAMES AND ADDRESSES OF THE AWARDEES MAY BE OBTAINED BY CONTACTING THE ISLESBORO HISTORICAL SOCIETY. IN 2021, $3,000 IN SCHOLARSHIP FUNDS WERE PAID OUT, INCLUDING ONE AWARD THAT HAD BEEN POSTPONED A YEAR DUE TO COVID.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patrick O' Bannon President | OfficerTrustee | 6 | $0 |
Carlisle Rex-Waller Archivist | OfficerTrustee | 4 | $0 |
Carrie Thomas Secretary | OfficerTrustee | 3 | $0 |
Valerie Slater Treasurer | OfficerTrustee | 3 | $0 |
Richard DE Grasse Director | Trustee | 1 | $0 |
John Mitchell Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,298 |
All other contributions, gifts, grants, and similar amounts not included above | $28,133 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $29,431 |
Total Program Service Revenue | $0 |
Investment income | $1,551 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $32,111 |
Net Income from Fundraising Events | $325 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,671 |
Miscellaneous Revenue | $0 |
Total Revenue | $65,089 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $3,000 |
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 | $8,350 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $639 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,215 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,232 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $217 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,458 |
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 | $3,643 |
Insurance | $775 |
All other expenses | $246 |
Total functional expenses | $43,135 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $44,862 |
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 | $7,532 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $77,092 |
Investments—publicly traded securities | $416,504 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $545,990 |
Accounts payable and accrued expenses | $290 |
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 | $290 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $545,700 |
Total liabilities and net assets/fund balances | $545,990 |
Over the last fiscal year, we have identified 1 grants that Islesboro Historical Society has recieved totaling $100.
Awarding Organization | Amount |
---|---|
Robert And Maurine Rothschild Fund Inc Islesboro, ME PURPOSE: GENERAL OPERATING SUPPORT | $100 |
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 |