Worcester Historical Museum
- Assets
- $17.4m
- Revenue
- $3.0m
- Investments
- $11.1m
- Employees
- 21
- Location
- Worcester, MA
- Founding
- 06/1944
- Data as of
- 06/2022
- EIN
- 04-2105858
Organization Overview
Worcester Historical Museum is located in Worcester, MA. The organization was established in 1944. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Worcester Historical Museum employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Historical Museum 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, Worcester Historical Museum generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 6.3% 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 ENHANCE THE APPRECIATION AND KNOWLEDGE OF THE GENERAL PUBLIC IN THE AREA OF LOCAL HISTORICAL WORKS OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS - WHM CAUTIOUSLY REOPENED IN JULY 2021 FOLLOWING STATE AND FEDERAL COVID GUIDELINES. WHM PARTICIPATED IN THE CITY-WIDE CELEBRATION OF WORCESTER'S 300TH ANNIVERSARY WITH THE EXIHIBT "WE ALL GOT HISTORY," A LOOK AT WORCESTER PEOPLE, PLACES AND EVENTS THROUGHOUT THOSE CENTURIES. IT WAS FOLLOWED BY "WORCESTER SCENE: RESEEN," AN ANNIVERSARY REINSTALLATION OF MORE THAN 100 PHOTOGRAPHS OF THE CITY COMMISSIONED FROM 9 LOCAL PHOTOGRAPHERS. IT WAS SUPPLEMENTED WITH SEVERAL PROGRAMS FROM NOT ONLY THE PERSPECTIVES OF THOSE PHOTOGRAPHERS AS WELL AS NEW "LENSES" ON THE EVER-CHANGING CITY.
COLLECTIONS - EXHIBIT AND COLLECTIONS TOURS RESUMED AS COVID RESTRICTION WERE LIFTED. A VARIETY OF GROUPS EXPERIENCED BOTH THE MUSEUM AND THE MANSION; SPECIAL EMPHASIS/PRIORITY WAS GIVEN TO LESSONS/VISITS FOR ALL OF THE CITY'S PUBLIC SCHOOLS FIFTH GRADERS, EACH OF WHOM VISITED THE MUSEUM, EXPERIENCED ITS GALLERIES/COLLECTIONS, AND ENGAGED IN A CIVICS-DEFINED MOCK TOWN MEETING.
LIBRARY - THE LIBRARY AND ARCHIVES RECEIVES REQUESTS FOR INFORMATION DURING THE YEAR, THOUGH VISITORS, PHONE CALLS, EMAILS AND CLASS VISITS FROM LOCAL COLLEGES AND UNIVERSITIES. PROJECTS INCLUDE CATALOGING THE LIBRARY'S BOOKS AND OTHER FILES, INDEXING NEWS CLIPPINGS, AND MAPPING THE LOCATIONS OF ARCHIVAL MATERIALS. THE COLLECTION CONTINUES TO GROW DRAMATICALLY IN VOLUME/CONTENT AS WELL AS USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Giampa President | OfficerTrustee | 2 | $0 |
Michael Bafaro Vice President | OfficerTrustee | 2 | $0 |
Robert Blute III Vice President | OfficerTrustee | 2 | $0 |
Gail C Ferreira Past President | OfficerTrustee | 2 | $0 |
Thomas L Fitzpatrick Secretary | OfficerTrustee | 2 | $0 |
Edgar Luna Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,193 |
| Fundraising events | $46,556 |
| Related organizations | $0 |
| Government grants | $208,688 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,557,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,834,953 |
| Total Program Service Revenue | $54,079 |
| Investment income | $484,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $950 |
| Net Gain/Loss on Asset Sales | $652,176 |
| Net Income from Fundraising Events | -$1,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,601 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,037,678 |
| 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 | $732,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,716 |
| Payroll taxes | $54,807 |
| 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 | $184,877 |
| Fees for services: Other | $135,479 |
| Advertising and promotion | $0 |
| Office expenses | $60,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,359 |
| Travel | $3,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,141 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,421 |
| Insurance | $36,556 |
| All other expenses | $7,587 |
| Total functional expenses | $1,923,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,602 |
| Savings and temporary cash investments | $55,603 |
| Pledges and grants receivable | $180,421 |
| 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 | $9,993 |
| Net Land, buildings, and equipment | $3,084,961 |
| Investments—publicly traded securities | $2,996,978 |
| Investments—other securities | $11,057,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,403,532 |
| Accounts payable and accrued expenses | $392,202 |
| 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 | $240,000 |
| Other liabilities | $0 |
| Total liabilities | $632,202 |
| Net assets without donor restrictions | $3,487,912 |
| Net assets with donor restrictions | $13,283,418 |
| 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 | $17,403,532 |