North Andover Historical Society
- Assets
- $4.8m
- Revenue
- $312.9k
- Investments
- $0.0
- Employees
- 4
- Location
- North Andover, MA
- Founding
- 03/1992
- Data as of
- 12/2022
- EIN
- 04-2259628
Organization Overview
North Andover Historical Society is located in North Andover, MA. The organization was established in 1992. 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 12/2022, North Andover Historical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Andover Historical 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 12/2022, North Andover Historical Society generated $312.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $484.4k during the year ending 12/2022. While expenses have increased by 16.5% 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 SOCIETY IS DEDICATED TO PRESERVING, ACQUIRING, TEACHING, EXHIBITING AND RESEARCHING NORTH ANDOVER HISTORY, WHICH IT DOES MAINLY THROUGH ITS COLLECTIONS. THE SOCIETY SERVES AS A REPOSITORY FOR ARTIFACTS, ARCHIVAL INFORMATION, AND OBJECTS MADE OR USED IN THE NORTH ANDOVER AREA FROM THE LATE 17TH THROUGH THE EARLY 21ST CENTURY. IN ADDITION, THE NORTH ANDOVER HISTORICAL SOCIETY SUPPORTS AND PROMOTES THE ARCHITECTURAL AND LANDSCAPE HERITAGE OF THE TOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE PROUD OF OUR 45-YEAR HISTORY OF WORKING FOR THE SCHOOL CHILDREN OF NORTH ANDOVER. DURING THIS TIME, WE HAVE ESTABLISHED A CLOSE PARTNERSHIP WITH THE LOCAL TEACHERS AT VARIOUS GRADE LEVELS AND HAVE OFFERED TEACHER TRAINING AND ACCESS TO PRIMARY SOURCES WHEN REQUESTED. WE HAVE COLLABORATED ON THE DEVELOPMENT OF SOCIAL STUDIES KITS FOR GRADES K-1 TO SUPPORT EARLY LEARNING INITIATIVES. WE CONTINUE TO INVITE LOCAL TEACHERS TO CONTRIBUTE POST-VISIT ACTIVITY MATERIALS FOR A "POP-UP" EXHIBIT, WHICH ARE FEATURED IN OUR HISTORY DISCOVERY ROOM. IN OUR VENTURE OF SAVING THE TEXTILE BASED PROGRAMMING FROM THE CLOSED AMERICAN TEXTILE HISTORY MUSEUM IN LOWELL, WE HAVE EXPANDED OUR AUDIENCE INTO LOWELL AND LAWRENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Huster Board President | OfficerTrustee | 10 | $0 |
Alexander Loth 1st Vice President | OfficerTrustee | 4 | $0 |
Mark Svendsen 2nd Vice President | OfficerTrustee | 2 | $0 |
Susan Haltmaier Treasurer | OfficerTrustee | 6 | $0 |
Tracy Wakeman Secretary | OfficerTrustee | 1 | $0 |
Marion Donahue Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,451 |
| Noncash contributions included in lines 1a–1f | $14,469 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,451 |
| Total Program Service Revenue | $27,128 |
| Investment income | $47,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,873 |
| Net Gain/Loss on Asset Sales | $20,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,939 |
| 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. | $75,981 |
| Compensation of current officers, directors, key employees. | $19,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,279 |
| Payroll taxes | $14,108 |
| Fees for services: Management | $1,126 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,800 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,323 |
| 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 | $104,843 |
| Insurance | $13,962 |
| All other expenses | $20,748 |
| Total functional expenses | $484,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,020 |
| Savings and temporary cash investments | $356,361 |
| Pledges and grants receivable | $46,810 |
| 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 | $18,738 |
| Net Land, buildings, and equipment | $1,374,383 |
| Investments—publicly traded securities | $2,353,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $363,895 |
| Total assets | $4,782,283 |
| Accounts payable and accrued expenses | $20,021 |
| 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 | $20,021 |
| Net assets without donor restrictions | $4,120,364 |
| Net assets with donor restrictions | $641,898 |
| 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 | $4,782,283 |