American Antiquarian Society
- Assets
- $103.4m
- Revenue
- $8.6m
- Investments
- $16.0m
- Employees
- 64
- Location
- Worcester, MA
- Founding
- 06/1929
- Data as of
- 08/2022
- EIN
- 04-2103652
Organization Overview
American Antiquarian Society is located in Worcester, MA. The organization was established in 1929. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 08/2023, American Antiquarian Society employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Antiquarian 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 08/2022, American Antiquarian Society generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $6.7m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN ANTIQUARIAN SOCIETY IS BOTH A LEARNED SOCIETY AND NATIONAL RESEARCH LIBRARY OF PRE-TWENTIETH CENTURY AMERICAN HISTORY AND CULTURE. OUR MISSION IS TO COLLECT, PRESERVE AND MAKE AVAILABLE FOR STUDY THE PRINTED RECORD OF WHAT IS NOW THE UNITED STATES OF AMERICA FROM FIRST EUROPEAN SETTLEMENT THROUGH THE YEAR 1876. AS A LEARNED SOCIETY, WE OFFER A WIDE VARIETY OF PROGRAMS FOR DIVERSE AUDIENCES INCLUDING PROFESSIONAL SCHOLARS, PRE-COLLEGIATE UNDERGRADUATE AND GRADUATE LEVEL STUDENTS AND EDUCATORS, PROFESSIONAL ARTISTS AND WRITERS, GENEALOGISTS, AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
COLLECTION PURCHASES - TO INCREASE COLLECTION OF PRINTED MATERIALS RELATING TO AMERICAN HISTORY PRIOR TO 1876
COLLECTION PURCHASES - TO INCREASE COLLECTION OF PRINTED MATERIALS RELATING TO AMERICAN HISTORY PRIOR TO 1876
CONSERVATION, CATALOGING AND OTHER - TO PRESERVE AND CATALOG THE SOCIETY'S COLLECTION OF BOOKS, NEWSPAPERS, MANUSCRIPTS & GRAPHIC ARTS IN CONJUNCTION WITH OTHER RESEARCH LIBRARIES.
CONSERVATION, CATALOGING AND OTHER - TO PRESERVE AND CATALOG THE SOCIETY'S COLLECTION OF BOOKS, NEWSPAPERS, MANUSCRIPTS & GRAPHIC ARTS IN CONJUNCTION WITH OTHER RESEARCH LIBRARIES.
RESEARCH - TO SUPPORT FELLOWSHIP PROGRAM FOR 45 FELLOWS AND OTHER EDUCATIONAL SEMINARS
RESEARCH - TO SUPPORT FELLOWSHIP PROGRAM FOR 45 FELLOWS AND OTHER EDUCATIONAL SEMINARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Herron Jr Chairman | OfficerTrustee | 2 | $0 |
Paul S Sperry Vice Chairman | OfficerTrustee | 2 | $0 |
George W Tetler III Recording Secretary | OfficerTrustee | 2 | $0 |
Richard D Brown Secretary For Foreign Corr | OfficerTrustee | 2 | $0 |
Ann V Fabian Secretary For Domestic Cor | OfficerTrustee | 2 | $0 |
James Donnelly Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $598,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,709,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,307,401 |
| Total Program Service Revenue | $1,106,399 |
| Investment income | $1,769,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,425,689 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,610,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $318,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,511 |
| Compensation of current officers, directors, key employees. | $230,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,915,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,413 |
| Fees for services: Accounting | $119,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,179 |
| Fees for services: Other | $97,212 |
| Advertising and promotion | $0 |
| Office expenses | $78,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $560,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $222,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $912,477 |
| Insurance | $51,188 |
| All other expenses | $9,502 |
| Total functional expenses | $6,684,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,700,180 |
| Pledges and grants receivable | $1,612,838 |
| 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 | $112,022 |
| Net Land, buildings, and equipment | $28,118,589 |
| Investments—publicly traded securities | $51,174,055 |
| Investments—other securities | $15,977,895 |
| Investments—program-related | $1,553,128 |
| Intangible assets | $0 |
| Other assets | $158,735 |
| Total assets | $103,407,442 |
| Accounts payable and accrued expenses | $320,535 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,101,384 |
| 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 | $158,735 |
| Total liabilities | $5,580,654 |
| Net assets without donor restrictions | $27,345,267 |
| Net assets with donor restrictions | $70,481,521 |
| 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 | $103,407,442 |