Old Colony Historical Society
- Assets
- $5.4m
- Revenue
- $709.3k
- Investments
- $4.5m
- Employees
- 0
- Location
- Taunton, MA
- Founding
- 09/1941
- Data as of
- 12/2021
- EIN
- 04-2308455
Organization Overview
Old Colony Historical Society is located in Taunton, MA. The organization was established in 1941. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Colony 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 12/2021, Old Colony Historical Society generated $709.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $381.5k during the year ending 12/2021. While expenses have increased by 2.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN AND OPERATE MUSEUM, LIBRARY, AND NATIONAL REGISTER HISTORIC PROPERTY, ANNUAL ATTENDANCE IN EXCESS OF 5,700 PERSONS. TO CONDUCT RESEARCH, PUBLISH, LECTURES, WORKSHOPS, AND EDUCATION PROGRAMS. TO SERVE AS TECHNICAL ASSISTANCE SOURCE FOR THE GENERAL PUBLIC AND OTHER AREA MUSEUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Trucchi Condon Treasurer | 2 | $0 | |
Dr Cynthia B Ricciardi Director | 2 | $0 | |
Dr William F Hanna III President | 2 | $0 | |
Charles A Thayer MD Vice President | 2 | $0 | |
Pierre K Loubeau Director | 2 | $0 | |
Dean Larabee III Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,133 |
| Interest on Savings | $975 |
| Dividends & Interest | $143,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $392,552 |
| Capital Gain Net Income | $392,552 |
| Net ST Capital Gain | $32,719 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $5,492 |
| Other Income | $49,173 |
| Total Revenue | $709,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $156,635 |
| Pension plans, employee benefits | $7,794 |
| Interest | $0 |
| Taxes | $13,945 |
| Depreciation | $37,955 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,194 |
| Printing and publications | $6,864 |
| Other expenses | $116,606 |
| Total operating and administrative expenses | $380,958 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $381,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $619,003 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $8,505 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,164,027 |
| Net Land, buildings, and equipment | $287,156 |
| Other assets | $0 |
| Total assets | $5,372,023 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Old Colony Historical Society has awarded $22,057 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TAUNTON PUBLIC LIBRARY PURPOSE: FUNDS COLLECTED ON BEHALF OF TAUNTON PUBLIC LIBARY ASSOCIATED WITH BOOKS PROCEEDS TURNED OVER TO ORGANIZATION IN 2016. | $21,557 |
MARIAH O'GARA PURPOSE: SCHOLARSHIP | $500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Old Colony Historical Society has recieved totaling $10,050.
| Awarding Organization | Amount |
|---|---|
Rockland Trust Charitable Foundation Rockland, MA PURPOSE: PROGRAM SUPPORT | $5,000 |
Taunton-South Shore Foundation Inc Shrewsbury, MA PURPOSE: CONTRIBUTION TO GENERAL FUND | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |