Beverly Historical Society Inc
- Assets
- $4.1m
- Revenue
- $716.8k
- Investments
- $0.0
- Employees
- 17
- Location
- Beverly, MA
- Founding
- 01/1943
- Data as of
- 09/2023
- EIN
- 04-2237789
Organization Overview
Beverly Historical Society Inc is located in Beverly, MA. The organization was established in 1943. 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 09/2023, Beverly Historical Society Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly 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 09/2023, Beverly Historical Society Inc generated $716.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $472.6k during the year ending 09/2023. While expenses have increased by 3.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HISTORIC BEVERLY COLLECTS, PRESERVES, AND STEWARDS BEVERLYS PAST AND PRESENT TO CULTIVATE PUBLIC SUPPORT AND APPRECIATION FOR HISTORY; OUR VISION IS TO SHARE BEVERLY HISTORY WITH EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC BEVERLY COLLECTS, PRESERVES, AND STEWARDS BEVERLYS PAST AND PRESENT TO CULTIVATE PUBLIC SUPPORT AND APPRECIATION FOR HISTORY; OUR VISION IS TO SHARE BEVERLY HISTORY WITH EVERYONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Scott Trustee | Trustee | 1 | $0 |
Barbara Broudo Vice President | OfficerTrustee | 1 | $0 |
Julia Rabin Trustee | Trustee | 1 | $0 |
Michael Maler Trustee | Trustee | 1 | $0 |
Dan Lohnes Trustee | Trustee | 1 | $0 |
Roy Gelineau Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $43,597 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $523,950 |
| Total Program Service Revenue | $9,117 |
| Investment income | $154,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $366 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,686 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,839 |
| 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. | $89,670 |
| Compensation of current officers, directors, key employees. | $35,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,056 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,956 |
| Payroll taxes | $19,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,234 |
| Advertising and promotion | $6,859 |
| Office expenses | $9,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,373 |
| 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 | $21,829 |
| Insurance | $23,291 |
| All other expenses | $22,304 |
| Total functional expenses | $472,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,727 |
| Savings and temporary cash investments | $79,572 |
| 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 | $10,651 |
| Prepaid expenses and deferred charges | $5,958 |
| Net Land, buildings, and equipment | $2,911,126 |
| Investments—publicly traded securities | $945,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,935 |
| Total assets | $4,073,092 |
| Accounts payable and accrued expenses | $229,865 |
| 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 | $229,865 |
| Net assets without donor restrictions | $1,995,077 |
| Net assets with donor restrictions | $1,848,150 |
| 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 | $4,073,092 |