Historic Salem Inc

Organization Overview

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 03/2024, Historic Salem Inc generated $166.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $122.8k during the year ending 03/2024. While expenses have increased by 2.1% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

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. IN 2022 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. IN 2022, WE SUCCESSFULLY ADVOCATED FOR THE CITY AMENDMENT OF 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, WALKING TOURS, 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.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Ramsay Wilbert Aka Polly
Treasurer
$11,498
Connie Barlow
Director
$525
Lori Boudo
Director
$0
Colleen Brewster
Director
$0
Maria Buckley
Director
$0
Gavin Gardner
National Par
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$12,230
Fundraising events$15,105
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$33,335
Total Program Service Revenue$10,919
Investment income $4,958
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $27,625
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $89,543
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $166,380

Peer Organizations

Organization NameAssets
New York Historical Society
New York, NY
$53,798,420
Seventh Regiment Armory Conservancy Inc
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$23,012,613
John E Andrus Memorial Inc
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$41,901,272
Friends Of The High Line Inc
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$45,164,504
American Society For Yad Vashem Inc
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$29,313,564
The Josef And Anni Albers Foundation Inc
Bethany, CT
$7,811,355
Preservation Society Of Newport County
Newport, RI
$27,874,827
Historic Hudson Valley
Pocantico Hills, NY
$13,253,189
World Monuments Fund Inc
New York, NY
$20,280,363
New England Historic Genealogical Society Inc
Boston, MA
$15,882,127
Connecticut Trust For Historic Preservation
Hamden, CT
$12,511,714
Statue Of Liberty Ellis Island Foundation Inc
New York, NY
$19,429,359
Massachusetts Historical Society
Boston, MA
$9,533,409
Philos Project Inc
New York, NY
$8,932,879
Nantucket Historical Association
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$7,951,098
The Arthur Page Society
New York, NY
$5,450,484
Old Dartmouth Historical Society
New Bedford, MA
$7,664,413
Edward M Kennedy Institute For The United States Senate Inc
Boston, MA
$7,102,356
The Fort Ticonderoga Association Inc
Ticonderoga, NY
$7,661,070
Connecticut Historical Society
Hartford, CT
$2,258,392
Longyear Foundation
Chestnut Hill, MA
$8,558,090
Adirondack Historical Association
Blue Mountain Lake, NY
$8,305,125
Iyrs School Of Technology & Trades
Newport, RI
$5,182,625
Cape Ann Museum Inc
Gloucester, MA
$9,522,343
Battery Conservancy Inc
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$2,732,541

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