Andover Historical Society
- Assets
- $1.9m
- Revenue
- $665.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Andover, MA
- Founding
- 03/1951
- Data as of
- 06/2022
- EIN
- 04-2312091
Organization Overview
Andover Historical Society is located in Andover, MA. The organization was established in 1951. 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 06/2022, Andover Historical Society employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2022, Andover Historical Society generated $665.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $355.5k during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 3 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 WAS ESTABLISHED FOR THE PURPOSE OF PRESERVING LOCAL HISTORY, SERVING AS A COMMUNITY HISTORICAL CENTER AND PROMOTING COMMUNITY INVOLVEMENT WITHIN THE TOWN OF ANDOVER, MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING A MUSEUM AND LIBRARY WHERE ARTIFACTS OF LOCAL HISTORICAL SIGNIFICANCE ARE COLLECTED, PRESERVED, EXHIBITED AND INTERPRETED. THE SOCIETY PROVIDES A WIDE RANGE OF EDUCATIONAL PROGRAMS AND SERVICES FOR INDIVIDUALS, AND GROUPS OF ALL AGES, IN ORDER TO ENCOURAGE A GREATER UNDERSTANDING OF LOCAL HISTORY AND RELATED PRESERVATION ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Clements Executive Di | Officer | 40 | $65,910 |
Jane Cairns Treasurer | Officer | 3 | $0 |
Mary Ruth Luther Vice Preside | Officer | 3 | $0 |
Karen Simmonds President | Officer | 3 | $0 |
Norma Gammon Clerk | Officer | 3 | $0 |
Barbara Bunn Recording Se | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,060 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,988 |
| Total Program Service Revenue | $10,082 |
| Investment income | $24,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,383 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $665,566 |
| 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. | $65,910 |
| Compensation of current officers, directors, key employees. | $9,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,555 |
| Fees for services: Other | $14,110 |
| Advertising and promotion | $0 |
| Office expenses | $10,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,814 |
| Insurance | $9,251 |
| All other expenses | $3,056 |
| Total functional expenses | $355,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,410 |
| Savings and temporary cash investments | $27,324 |
| Pledges and grants receivable | $34,285 |
| Accounts receivable, net | $97,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,203 |
| Prepaid expenses and deferred charges | $1,038 |
| Net Land, buildings, and equipment | $168,051 |
| Investments—publicly traded securities | $1,207,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,920,646 |
| Accounts payable and accrued expenses | $22,268 |
| Grants payable | $0 |
| Deferred revenue | $4,691 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $176,959 |
| Net assets without donor restrictions | $564,515 |
| Net assets with donor restrictions | $1,179,172 |
| 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 | $1,920,646 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Andover Historical Society has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Bulens Family Foundation Wellesley, MA PURPOSE: GENERAL | $7,500 |
Bulens Family Foundation Wellesley, MA PURPOSE: GENERAL | $7,500 |
Max & Victoria Dreyfus Foundation Washington, DC PURPOSE: LOCAL HISTORY EDUCATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,575,719 |
| Earnings | -$265,608 |
| Other Expense | $75,000 |
| Ending Balance | $1,235,111 |
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 |