Freeport Historical Society
- Assets
- $2.2m
- Revenue
- $353.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Freeport, ME
- Founding
- 03/1977
- Data as of
- 12/2021
- EIN
- 01-0346944
Organization Overview
Freeport Historical Society is located in Freeport, ME. The organization was established in 1977. 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 12/2021, Freeport Historical Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport 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, Freeport Historical Society generated $353.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $162.8k 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 ENCOURAGE THE SHARING AND ENJOYMENT OF THE LONG HISTORY OF FREEPORT, MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEPORT HISTORICAL SOCIETY ACTIVELY PRESERVES BUILDINGS, ARCHIVAL MATERIALS, AND ARTIFACTS OF HISTORICAL IMPORTANCE WHILE ENCOURAGING SIMILAR EFFORTS WITHIN THE COMMUNITY; UNDERTAKES RESEARCH AND DEVELOPS EDUCATIONAL PROGRAMS AND EXHIBITS WHICH EXPLORE AND INTERPRET FREEPORT'S HISTORY; AND ENCOURAGES RELATED COMMUNITY ACTIVITIES WHICH KEEP FREEPORT'S RICH PAST PRESENT. IN 2021, THE ORGANIZATION FOCUSED ON ITS SIGNIFICANT RENOVATION AND CONSTRUCTION PROJECT AT ITS MAIN STREET LOCATION. THE HISTORIC CARRIAGE HOUSE WAS RESET ON A NEW FOUNDATION AND FLOOR SYSTEM, AND A NEW NONCOMBUSTIBLE ARCHIVAL STORAGE VAULT WAS BUILD BEHIND THE HISTORIC HOME THAT HOUSES OFFICES AND EXHIBITS. THE ENTIRE ARCHIVAL COLLECTION AND OTHER MATERIAL COLLECTIONS WERE EVALUATED IN PREPARATION FOR THE MOVE TO THE NEW VAULT, AND A CUSTOM HIGH-DENSITY SHELVING SYSTEM WAS DESIGNED AND INSTALLED TO HOLD THESE COLLECTIONS. CAPITAL FUNDRAISING TO SUPPORT THIS PROJECT CONTINUED THROUGHOUT THE YEAR. MONTHLY PUBLIC PROGRAMS WERE HELD ONLINE TO ENGAGE COMMUNITY MEMBERS IN THE MIDST OF CONTINUED PANDEMIC RESTRICTIONS. OUTDOOR PROGRAMS RESUMED, INCLUDING WALKING TOURS, SCHOOL VISITS TO THE PETTENGILL FARM HISTORIC SITE, AS WELL AS THE COMMUNITY EVENT PETTENGILL FARM DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric C Smith Executive Di | OfficerTrustee | 40 | $32,123 |
Jim Degrandpre President | OfficerTrustee | 3 | $0 |
Mary Babikian Vice Preside | OfficerTrustee | 3 | $0 |
Scott Burrill Treasurer | OfficerTrustee | 1 | $0 |
Pauline Brann Secretary | Trustee | 4 | $0 |
David Coffin Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,715 |
| Noncash contributions included in lines 1a–1f | $8,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,371 |
| Total Program Service Revenue | $2,794 |
| Investment income | $12,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,752 |
| Net Gain/Loss on Asset Sales | $28,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $908 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,719 |
| 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. | $66,312 |
| Compensation of current officers, directors, key employees. | $46,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $443 |
| Payroll taxes | $6,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,341 |
| Fees for services: Other | $1,200 |
| Advertising and promotion | $0 |
| Office expenses | $6,833 |
| Information technology | $2,471 |
| Royalties | $0 |
| Occupancy | $13,589 |
| Travel | $156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,955 |
| Insurance | $5,336 |
| All other expenses | $0 |
| Total functional expenses | $162,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,301 |
| Savings and temporary cash investments | $13,983 |
| 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 | $8,025 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,106,884 |
| Investments—publicly traded securities | $825,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,167,943 |
| Accounts payable and accrued expenses | $1,130 |
| 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 | $2,612 |
| Total liabilities | $3,742 |
| Net assets without donor restrictions | $1,996,966 |
| Net assets with donor restrictions | $167,235 |
| 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 | $2,167,943 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Freeport Historical Society has recieved totaling $28,033.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Historical Organizations | $11,000 |
Bradley Family Foundation Freeport, ME PURPOSE: PROGRAM SUPPORT | $11,000 |
Brewer Family Foundation Inc Rowayton, CT PURPOSE: SUPPORT THE SHARING AND ENJOYMENT OF THE LONG HISTORY OF FREEPORT, MAINE | $5,000 |
Kennebec Savings Bank Foundation Augusta, ME PURPOSE: ANNUAL DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Endowment Analysis
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 |