Proprietors Of The Salem Athenaeum is located in Salem, MA. The organization was established in 1959. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 03/2022, Proprietors Of The Salem Athenaeum employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proprietors Of The Salem Athenaeum 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 03/2022, Proprietors Of The Salem Athenaeum generated $417.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $268.6k during the year ending 03/2022. While expenses have increased by 8.2% 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
THE MISSION OF THE SALEM ATHENAEUM IS TO PRESERVE AND EXCITE THE LITERARY AND CULTURAL PASSIONS OF THE NORTH SHORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY OPERATIONS INCLUDE: REFERENCE AND RESEARCH SERVICES TO MEMBERS, STUDENTS, SCHOLARS, AND THE GENERAL PUBLIC; CIRCULATION OF BOOKS AND MATERIALS TO MEMBERS AND THEIR CHILDREN; MANAGEMENT OF THE CURRENT AND HISTORICAL COLLECTIONS OF 50,000 DISCREET ITEMS; AND 2-3 EXHIBITIONS PER YEAR. SPECIAL PROJECTS INCLUDE ON-LINE CATALOGING OF THE COLLECTION AND AN ADOPT-A-BOOK PROGRAM THAT HAS PROVIDED FOR THE CONSERVATION OF OVER 100 VOLUMES SINCE 2012. PROGRAMS INCLUDE AUTHOR READINGS, LECTURES, LITERARY COURSES, CONCERTS, WRITING WORKSHOPS, DRAMATIC PERFORMANCES, AND DISCUSSION AND WRITING GROUPS.
THE SALEM ATHENAEUM IS A CULTURAL RESOURCE FOR THE NORTH SHORE OF MASSACHUSETTS SERVING OVER 2,500 INDIVIDUALS ANNUALLY WITH OUR LIBRARY AND PROGRAMS, 900 VISITORS TO OUR EXHIBITIONS, AND OVER 2,000 VIEWS OF OUR RECORDED CONTENT ONLINE. OFFERINGS INCLUDE A LIBRARY OF CIRCULATING AND RESEARCH COLLECTIONS, LECTURES AND READINGS, WRITING GROUPS AND WORKSHOPS, LANGUAGE AND BOOK DISCUSSION GROUPS, CONCERTS AND THEATRICAL PRODUCTIONS, AND EXHIBITIONS. ARTS, HUMANITIES, AND CULTURAL PROGRAMMING WAS HELD ONLINE OR OFFERED IN-PERSON WITH AN ONLINE OPTION DUE TO THE CONTINUING COVID-19 PANDEMIC. THE ATHENAEUM COMMUNITY CONTINUED TO GROW IN TERMS OF GAINING A BROADER GEOGRAPHICAL DISTRIBUTION OF BOTH PRESENTERS AND PARTICIPANTS, ESPECIALLY DURING THE 2021 SALEM LITERARY FESTIVAL WITH AUTHORS AND PARTICIPANTS ATTENDING VIRTUALLY FROM 20 COUNTRIES ON SIX CONTINENTS.LECTURE TOPICS IN 2021-2022 INCLUDED A CONTINUATION OF OUR RECKONING WITH HISTORY SERIES OF LECTURES THAT INCLUDED TOPICS ON HOW TO ADDRESS RACIST PUBLIC MONUMENTS, PUBLIC ART IN SALEM, SALEM'S BLACK PICNIC, AND THE HISTORY OF AMERICAN PRISONS. ADDITIONAL LECTURE TOPICS INCLUDED JEWISH RESISTANCE IN FRANCE DURING WWII, THE MEDICAL MYSTERY OF HOW MEMORY WORKS, BLOCKCHAIN AND CRYPTOCURRENCY, TRANSCENDENTALISTS, SHAKESPEARE'S SOURCE MATERIAL, STORMS OF NEW ENGLAND, AND ADVOCACY FOR PERSONS WITH MEDICAL CONDITIONS SUCH AS EPILEPSY. AUTHORS READ FROM THEIR NEW WORKS OF HISTORICAL FICTION WITH A LOCAL SETTING, AN ANTHOLOGY ABOUT PANDEMIC HEROES, MEMOIR, AND POETRY. SEVEN STORYTELLERS TOLD TRUE TALES OF CITIZENSHIP, COMMUNITY, AND BELONGING.THREE WRITING WORKSHOPS AND A GUIDED BIRD WALK WERE HELD. ALONG WITH SEVERAL PARTNER ORGANIZATIONS, THE ATHENAEUM HOSTED A PROGRAM WITH THE PHOTO DETECTIVE, MAUREEN TAYLOR, AND A LOCAL HISTORIAN, JIM MCALLISTER, WHO EXAMINED HISTORICAL PHOTOS AND GUIDED THE AUDIENCE IN PRESERVING AND INTERPRETING THEIR HISTORICAL FAMILY PHOTOGRAPHS DURING SALEM ANCESTRY DAYS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jean Marie Procious Executive Dir. | Trustee | 25 | $44,580 |
John F Casey Vice President | OfficerTrustee | 2 | $0 |
Melynda Gordon Clerk | OfficerTrustee | 2 | $0 |
William Lundregan Treasurer | OfficerTrustee | 2 | $0 |
Joyce Maroney President | OfficerTrustee | 5 | $0 |
Augustine Sousa Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $54,552 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $92,633 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $147,185 |
Total Program Service Revenue | $76,388 |
Investment income | $33,629 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $158,495 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $417,714 |
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. | $44,580 |
Compensation of current officers, directors, key employees. | $44,580 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $44,254 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,959 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,385 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $18,400 |
Fees for services: Other | $0 |
Advertising and promotion | $1,091 |
Office expenses | $1,336 |
Information technology | $0 |
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 | $12,081 |
Insurance | $13,297 |
All other expenses | $39,155 |
Total functional expenses | $268,645 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $142,215 |
Savings and temporary cash investments | $82,309 |
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 | $0 |
Prepaid expenses and deferred charges | $3,186 |
Net Land, buildings, and equipment | $157,871 |
Investments—publicly traded securities | $1,754,173 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,139,754 |
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 | $1,977,257 |
Net assets with donor restrictions | $162,497 |
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 | $2,139,754 |
Over the last fiscal year, we have identified 1 grants that Proprietors Of The Salem Athenaeum has recieved totaling $5.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Beg. Balance | $141,794 |
Net Contributions | $20,703 |
Ending Balance | $162,497 |
Organization Name | Assets | Revenue |
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Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |