Putney Historical Society Inc is located in Putney, VT. The organization was established in 1995. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Putney Historical Society Inc 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 07/2023, Putney Historical Society Inc generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (55.2%) each year. All expenses for the organization totaled $32.5k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (49.9%) per year over the past 4 years. 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
TO BRING TOGETHER THOSE PERSONS INTERESTED IN THE HISTORY OF THE TOWN OF PUTNEY VERMONT; TO COLLECT ANY MATERIALS PERTINENT TO THE HISTORY OF PUTNEY; TO ACQUIRE PROPERTY IN ORDER TO PRESERVE HISTORIC RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUTNEY HISTORICAL SOCIETY OWNS THE PUTNEY GENERAL STORE BUILDING AND RENTS IT TO A STORE OPERATOR.
PUTNEY HISTORICAL SOCIETY MAINTAINS A COLLECTION OF LOCAL ARTIFACTS AND DOCUMENTS USED IN RESEARCH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Jamison President | OfficerTrustee | 2 | $0 |
Tim Ragle Vice President | OfficerTrustee | 2 | $0 |
Lyssa Papazian Treasurer | OfficerTrustee | 2 | $0 |
Lindley Speers Secretary | OfficerTrustee | 2 | $0 |
Ruth Barton Trustee | Trustee | 2 | $0 |
Laurel Ellis Controller | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,323 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,121 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,444 |
Total Program Service Revenue | $0 |
Investment income | $14 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $15,305 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,092 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,868 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $311 |
Information technology | $119 |
Royalties | $0 |
Occupancy | $0 |
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 | $30,016 |
Insurance | $1,119 |
All other expenses | $0 |
Total functional expenses | $32,511 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,359 |
Savings and temporary cash investments | $16,084 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $676 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,825 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $800,810 |
Investments—publicly traded securities | $24,468 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $851,222 |
Accounts payable and accrued expenses | $33 |
Grants payable | $0 |
Deferred revenue | $3,800 |
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 | $121,587 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $125,420 |
Net assets without donor restrictions | $694,014 |
Net assets with donor restrictions | $31,788 |
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 | $851,222 |