Lake Winnipesaukee Historical Society
- Assets
- $426.9k
- Revenue
- $59.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Laconia, NH
- Founding
- 06/1997
- Data as of
- 12/2020
- EIN
- 04-3347804
Organization Overview
Lake Winnipesaukee Historical Society is located in Laconia, NH. The organization was established in 1997. 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 12/2020, Lake Winnipesaukee Historical Society employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Winnipesaukee 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 12/2020, Lake Winnipesaukee Historical Society generated $59.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $75.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORY OF LAKE WINNIPESAUKEE AND VICINITY BY MAINTAINING A YEAR-ROUND MUSEUM SPONSORING LECTURES & OTHER PROGRAMS, AND SUPPORTING AREA HISTORICAL SOCIETIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION - A MUSEUM CENTRALLY LOCATED TO DISPLAY AND PRESERVE THE HISTORY OF THE AREA FOR PRESENT DAY AND FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lawton Trustee | Trustee | 20 | $9,400 |
Brendan Smith President | OfficerTrustee | 18 | $6,580 |
Melanie Benton Treasurer | OfficerTrustee | 20 | $1,940 |
Robert Lawton Chairman | OfficerTrustee | 1 | $0 |
Brian Vincent Vice Preside | OfficerTrustee | 1 | $0 |
Shirley Clark Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,731 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$33,976 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $72,930 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,329 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,733 |
| Office expenses | $2,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,932 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,130 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $75,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,349 |
| Savings and temporary cash investments | $39,043 |
| 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 | $3,264 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,439 |
| Total assets | $426,864 |
| 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 | $148,399 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,520 |
| Total liabilities | $149,919 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $276,945 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Winnipesaukee Historical Society has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Vermont Historical Society Barre, VT | $10,109,321 | $2,303,922 |
Marthas Vineyard Preservation Tr Inc Edgartown, MA | $22,708,847 | $3,056,624 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
Paul Revere Memorial Assoc Corp Boston, MA | $14,236,555 | $1,864,510 |
Friends Of Mount Auburn Cemetery Cambridge, MA | $3,356,720 | $1,418,926 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Sandwich Historical Society Sandwich, MA | $1,684,446 | $969,978 |