Historic Salem Inc is located in Salem, MA. The organization was established in 1968. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Historic Salem Inc 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 03/2022, Historic Salem Inc generated $217.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $78.8k during the year ending 03/2022. 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
HISTORIC SALEM'S MISSION IS TO ENSURE THAT THE HISTORIC RESOURCES OF SALEM, MA WHICH ARE THE KEY TO ITS IDENTITY, ITS QUALITY OF LIFE AND ITS ECONOMIC VITALITY, ARE PRESERVED FOR FUTURE GENERATIONS AND THAT NEW DEVELOPMENT COMPLEMENTS THE HISTORIC CHARACTER OF THE CITY. HISTORIC SALEM ACCOMPLISHES ITS MISSION THROUGH PRESERVATION, EDUCATION, ADVOCACY AND PARTNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC SALEM, INC. (HSI) IS ONE OF THE NATION'S OLDEST PRESERVATION ADVOCACY ORGANIZATIONS, FOUNDED IN 1944 TO SAVE THE HISTORICALLY IMPORTANT JONATHAN CORWIN AND THE NATHANIEL BOWDITCH HOUSES FROM DEMOLITION FOR STREET WIDENING. LATER, HSI WAS A LEADER IN BLOCKING URBAN RENEWAL IN THE 1970S. IN 2000, HSI RETOOK RESPONSIBILITY FOR AND OWNERSHIP OF THE NATIONAL REGISTER NATHANIEL BOWDITCH HOUSE AFTER YEARS OF NEGLECT DURING MUNICIPAL OWNERSHIP, RESTORING ITS LATE 18TH-CENTURY INTERIOR. THIS YEAR WE CONTINUED SIGNIFICANT PRESERVATION OF THE HOUSE BY REPLACING THE WOOD SHINGLE ROOF WITH HISTORIC ACCURACY. HSI ACTIVELY COLLABORATES WITH AND ADVOCATES BEFORE NEIGHBORHOOD GROUPS, THE CITY, AND CITY BOARDS AND COMMISSIONS ON ISSUES RANGING FROM DEMOLITION OF HISTORIC STRUCTURES AND NEW DEVELOPMENT TO THE CITY'S PRESERVATION PLANNING AND EXECUTION. IN CONCERT WITH A NEIGHBORHOOD GROUP, IN 2007, HSI SAVED THE 1790S POPE HOUSE, AN EARLY QUAKER-OWNED PROPERTY. THIS YEAR, WE SUCCESSFULLY ADVOCATED FOR THE CITY'S AMENDING ITS DEMOLITION DELAY ORDINANCE TO ENHANCE PROTECTIONS FOR BUILDINGS 50 TO 100 YEARS OLD. HISTORIC SALEM SPONSORS AN ANNUAL CHRISTMAS IN SALEM TOUR FOR THE PUBLIC THAT SHOWCASES HISTORIC HOMES AND BUILDINGS DECORATED FOR THE HOLIDAY SEASON. THIS ANNUAL EVENT DRAWS THOUSANDS OF PEOPLE TO ENJOY THE EXTRAORDINARY WEALTH OF INTACT HISTORICAL ARCHITECTURE AND BUILDING FABRIC IN OUR NEARLY 400-YEAR-OLD COASTAL COMMUNITY. HSI ALSO PRESENTS LECTURES, SYMPOSIA, AND PANEL DISCUSSIONS. IN 2015 WE ORGANIZED WITH THE PEABODY ESSEX MUSEUM A WIDELY RECOGNIZED SYMPOSIUM ON ADA LOUISE HUXTABLE, SHOWCASING HER LEADING ROLE IN LAUNCHING THE NATIONAL HISTORIC PRESERVATION MOVEMENT. THE SYMPOSIUM FOCUSED ON THE IMPORTANCE OF PRESERVATION BOTH FOR ITS SENSE OF PLACE AS WELL AS ITS ECONOMIC VALUE. TALKING ABOUT DESIGN (TAD), AN HSI LECTURE SERIES, FOCUSES ON THE IMPORTANT ELEMENTS OF URBAN DESIGN IN PRESERVATION, AND ITS MORE INFORMAL BEARDS AND BREWS TALKS SHOWCASE INTERESTING ELEMENTS OF HISTORICAL ARCHITECTURE AND SOCIAL HISTORY. ADDITIONALLY, HSI PARTNERS WITH OTHER COMMUNITY NON-PROFITS, INCLUDING THE SALEM ATHENAEUM, THE PICKERING HOUSE, THE HOUSE OF SEVEN GABLES, THE SALEM HISTORICAL SOCIETY, THE SALEM GARDEN CLUB, AND THE PEABODY ESSEX MUSEUM, AND IS A MEMBER OF SALEM'S PRESERVATION PARTNERSHIP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Moffat Secretary Cl | Officer | 3 | $0 |
Barbara Cleary Vice Preside | Officer | 7 | $0 |
Vijay Joyce Vice Preside | Officer | 2 | $0 |
Mary Ramsay Wilbert Aka Polly Treasurer | Officer | 10 | $0 |
Paul Wright Vice Preside | Officer | 10 | $0 |
Caroline Watson-Felt President | Officer | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $11,583 |
Fundraising events | $10,497 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $106,945 |
Noncash contributions included in lines 1a–1f | $1,170 |
Total Revenue from Contributions, Gifts, Grants & Similar | $129,025 |
Total Program Service Revenue | $14,502 |
Investment income | $5,715 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $22,300 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $45,434 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $216,976 |
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. | $2,575 |
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 | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,169 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $16,706 |
Advertising and promotion | $0 |
Office expenses | $3,841 |
Information technology | $2,327 |
Royalties | $0 |
Occupancy | $14,158 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,556 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $14,270 |
Insurance | $6,327 |
All other expenses | $1,793 |
Total functional expenses | $78,797 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $82,175 |
Savings and temporary cash investments | $86,149 |
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 | $435,187 |
Investments—publicly traded securities | $132,866 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $736,377 |
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 | $1,115 |
Total liabilities | $1,115 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $735,262 |
Total liabilities and net assets/fund balances | $736,377 |
Over the last fiscal year, we have identified 3 grants that Historic Salem Inc has recieved totaling $2,524.
Awarding Organization | Amount |
---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $1,500 |
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Beg. Balance | $115,177 |
Earnings | -$2,784 |
Net Contributions | $2,056 |
Ending Balance | $114,449 |
Organization Name | Assets | Revenue |
---|---|---|
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
The Arthur Page Society New York, NY | $4,651,652 | $4,039,971 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |