Wayland Historical Society Incorporated
- Assets
- $1.1m
- Revenue
- $84.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Wayland, MA
- Founding
- 04/1958
- Data as of
- 04/2024
- EIN
- 04-6112780
Organization Overview
Wayland Historical Society Incorporated, operating under the name Wayland Historical Society & Museum, is located in Wayland, MA. The organization was established in 1958. 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. Wayland Historical Society & 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 04/2024, Wayland Historical Society & Museum generated $84.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $45.5k during the year ending 04/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND CONSERVATION OF THE HISTORY OF WAYLAND, MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PART-TIME PROFESSIONAL CURATOR RESPONSIBLE FOR: COLLECTIONS MANAGEMENT - RECORDING AND CATALOGUING ALL ITMES IN THE COLLECTION; RESEARCHING AND RESPONDING TO INQUIRES FROM THE PUBLIC; IDENTIFYING LONG-TERM PROJECTS RELVANT TO THE COLLECTION. ALSO RESPONSIBLE FOR THE GROUT HEARD HOUSE MUSEUM; GIVING TOURS TO THE PUBLIC AND TRAINING VOLUNTEERS.
MAINTAIN THE GROUT-HEARD HOUSE MUSEUM, A CIRCA 1740 TWO AND ONE HALF STORY COLONIAL HOUSE. COLLECTIONS ARE HOUSED IN THE NINE ROOM FORMER DWELLING. EXHIBITION ROOMS ARE OPEN TO THE PUBLIC FOR TOURS AND ARE FURNISHED WITH ARTIFACTS FROM THE 18TH & 19TH CENTURIES, DURING WHICH TIME THE HOUSE WAS OCCUPIED BY THE GROUT AND HEARD FAMILIES. ARTIFACTS INCLUDE FURNITURE, ART WORK, CHINA, GLASS AND OTHER ITEMS. THE MUSEUM ALSO MAINTAINS COLLECTIONS OF PHOTGRAPHS, MAPS, BOOKS, AUDIO RECORDINGS AND OTHER TYPES OF DOCUMENTS THAT ARE AVAILABLE TO RESEARCHERS WHO VISIT THE MUSEUM AS WELL AS ONLINE THROUGH DIGITAL COMMONWEALTH, A MASSACHUSETTS-WIDE CONSORTIUM.
MAINTAIN THE WAYLANDMUSEUM.ORG WEBSITE, WHICH IS A SOURCE OF INFORMATION FOR BOTH MEMBERS OF THE SOCIETY AND THE COMMUNITY-AT-LARGE. INFORMATION IS PROVIDED ABOUT THE GROUT-HEARD HOUSE AND ABOUT CURRENT AND UPCOMING PROGRAMS PROVIDED OR SPONSORED BY THE SOCIETY. ELECTRONIC NEWSLETTER SENT TO MEMBERS AND OTHER SUBSCRIBERS WITH ARTICLES OF INTEREST ABOUT LOCAL WAYLAND HISTORY. NEWSLETTERS ARE AVAILABLE ON THE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Schuler Gretchen President | OfficerTrustee | 10 | $0 |
Trimby Lynn Treasurer | OfficerTrustee | 5 | $0 |
Farley Mary Clerk | OfficerTrustee | 2 | $0 |
Gardner-Wescott Kay Curator | OfficerTrustee | 20 | $14,400 |
Berry Joanne Director | Trustee | 2 | $0 |
Bryant Sherry Anne Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,100 |
| Total Program Service Revenue | $0 |
| Investment income | $25,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,800 |
| 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. | $14,400 |
| 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 | $200 |
| Payroll taxes | $1,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| 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 | $2,600 |
| Information technology | $800 |
| Royalties | $0 |
| Occupancy | $22,900 |
| 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 | $0 |
| Insurance | $700 |
| All other expenses | $500 |
| Total functional expenses | $45,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,121,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,122,400 |
| 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 | $789,800 |
| Net assets with donor restrictions | $332,600 |
| 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 | $1,122,400 |