Needham Historical Society Inc
- Assets
- $3.4m
- Revenue
- $159.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Needham, MA
- Founding
- 11/1977
- Data as of
- 12/2021
- EIN
- 04-2625310
Organization Overview
Needham Historical Society Inc, operating under the name The Needham History Center & Museum, is located in Needham, MA. The organization was established in 1977. 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. Needham History Center & 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 12/2021, Needham History Center & Museum generated $159.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $142.0k during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEEDHAM HISTORICAL SOCIETY (D/B/A NEEDHAM HISTORY CENTER & MUSEUM) IS A LOCAL NON-PROFIT WHOSE MISSION IS TO COLLECT, CONSERVE AND DOCUMENT NEEDHAM'S HISTORY. WE GLADLY AND UNRESERVEDLY MAKE THESE RESOURCES AVAILABLE TO ANY PARTY INTERESTED IN THE TOWN'S HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNDERSTAND AND VALUE THE UNIQUE HISTORY OF THE TOWN OF NEEDHAM AND TO ENHANCE THE PRESENT AND FUTURE CULTURE, KNOWLEDGE AND CIVIC PRIDE OF ITS CITIZENS VIA A MUSEUM, GIFT SHOP, CRAFT/THEME WORKSHOPS AND GUIDED TOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Schaller President | Officer | 1 | $0 |
Steve Mock Vice President | Officer | 1 | $0 |
David Drake Treasurer | Officer | 5 | $0 |
Kathy D'addessio Secretary | Officer | 1 | $0 |
Doug Gerth Director | Trustee | 0.1 | $0 |
Edward DE Lemos Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,905 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,848 |
| Total Program Service Revenue | $0 |
| Investment income | $43,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,184 |
| Net Income from Fundraising Events | $5,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,995 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,889 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,303 |
| Fees for services: Management | $6,538 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,455 |
| Information technology | $1,376 |
| Royalties | $0 |
| Occupancy | $11,877 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,108 |
| Insurance | $8,623 |
| All other expenses | $236 |
| Total functional expenses | $142,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $215,830 |
| 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 | $9,800 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $547,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,353,250 |
| Intangible assets | $0 |
| Other assets | $1,305,000 |
| Total assets | $3,431,609 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,431,609 |
| Net assets with donor restrictions | $0 |
| 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 | $3,431,609 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Needham Historical Society Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
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 |