Yarmouth Historical Society
- Assets
- $5.6m
- Revenue
- $494.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Yarmouth, ME
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 01-0351334
Organization Overview
Yarmouth Historical Society is located in Yarmouth, 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 06/2022, Yarmouth Historical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yarmouth 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 06/2022, Yarmouth Historical Society generated $494.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $269.7k during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROMOTE AWARENESS OF THE TOWN OF YARMOUTH HISTORY AND ACQUIRE, PRESERVE, AND EXHIBIT ARTIFACTS OF HISTORICAL SIGNIFICANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND PROMOTE AWARENESS OF AND APPRECIATION FOR YARMOUTH HISTORY AND TO ACQUIRE, PRESERVE, AND EXHIBIT ARTIFACTS OF HISTORICAL SIGNIFICANCE. THE SOCIETY SPONSORS A LECTURE SERIES, PUBLISHES SEVERAL NEWSLETTERS, PRESENTS A NUMBER OF EXHIBITS PER YEAR, CONDUCTS PROGRAMS WITHIN SCHOLARLY SYSTEM, STAFFS THE MUSEUM, PROVIDES ASSISTANCE TO RESEARCHERS AND CONDUCTS EVENTS OF HISTORICAL INTEREST. SALARIES AND BENEFITS ARE TO A FULL-TIME CURATOR/DIRECTOR, FULL-TIME DEVELOPMENT OFFICER AND PART-TIME STAFF. LECTURE SERIES AND PROGRAM PRESENTERS WHO ARE NOT MEMBERS OF THE SOCIETY MAY RECEIVE SMALL HONORARIUMS OTHERWISE MEMBER VOLUNTEERS CONDUCT ALL OTHER ACTIVITIES. THE YARMOUTH HISTORY CENTER HOUSES MUSEUM EXHIBIT SPACE AND OFFICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Worthing Katie Executive Director | Officer | 40 | $76,710 |
Leinwand Eric Treasurer | OfficerTrustee | 1 | $0 |
Mcgrath Jessica Vice-Chair | OfficerTrustee | 1 | $0 |
Soule Ben Secretary | OfficerTrustee | 1 | $0 |
Colby-George Binks Chair | OfficerTrustee | 1 | $0 |
Adams Pamelia Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,678 |
| Total Program Service Revenue | $0 |
| Investment income | $104,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $485 |
| Net Gain/Loss on Asset Sales | $315,686 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,368 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,453 |
| 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. | $76,193 |
| Compensation of current officers, directors, key employees. | $22,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,119 |
| Payroll taxes | $11,200 |
| 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 | $17,555 |
| Fees for services: Other | $4,848 |
| Advertising and promotion | $0 |
| Office expenses | $17,690 |
| Information technology | $1,173 |
| Royalties | $0 |
| Occupancy | $22,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,875 |
| Insurance | $3,707 |
| All other expenses | $17,958 |
| Total functional expenses | $269,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,760 |
| Savings and temporary cash investments | $29,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,047 |
| Prepaid expenses and deferred charges | $908 |
| Net Land, buildings, and equipment | $1,056,570 |
| Investments—publicly traded securities | $4,073,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $330,925 |
| Total assets | $5,560,530 |
| Accounts payable and accrued expenses | $221 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $521 |
| Net assets without donor restrictions | $4,610,009 |
| Net assets with donor restrictions | $950,000 |
| 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 | $5,560,530 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Yarmouth Historical Society has recieved totaling $350.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $950,000 |
| Earnings | -$81,102 |
| Admin Expense | $3,356 |
| Other Expense | -$84,458 |
| Ending Balance | $950,000 |
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 |