Little Compton Historical Society Inc
- Assets
- $2.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Little Compton, RI
- Founding
- 11/1955
- Data as of
- 12/2021
- EIN
- 05-6010240
Organization Overview
Little Compton Historical Society Inc is located in Little Compton, RI. The organization was established in 1955. 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 12/2021, Little Compton Historical Society Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Compton Historical Society 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 12/2021, Little Compton Historical Society Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $281.9k during the year ending 12/2021. While expenses have increased by 9.2% 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
PRESERVATION OF HISTORICAL BUILDINGS, ARTIFACTS, AND RELATED COMMUNITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EVERYONE WAS A FARMER PERMANENT EXHIBITION TELLS THE STORY OF FARMING IN LITTLE COMPTON FROM THE TIME OF THE SAKONNET PEOPLE UNTIL THE PRESENT DAY. IT ALSO PROVIDED AN OPPORTUNITY TO BETTER CARE FOR AND MANAGE OUR LARGE COLLECTION OF AGRICULTURAL ITEMS. IT SERVED APPROXIMATELY 1000 PEOPLE IN ITS FIRST YEAR AND WILL CONTINUE TO SERVE THE PUBLIC FOR AN ESTIMATED 15 OR 20 YEARS.
MUSEUM PROGRAM: THE ORGANIZATION COLLECTS, PRESERVES, AND PRESENTS EARLY LANDMARKS OF HISTORICAL SIGNIFICANCE TO THE TOWN OF LITTLE COMPTON FOR THE EDUCATION AND ENRICHMENT OF THE COMMUNITY. LCHS MAINTAINS HISTORIC BUILDINGS INCLUDING WILBOR HOUSE, FRIENDS MEETING HOUSE, ARCHIVAL BARN,19TH CENTURY BARN, 19TH CENTURY CARRIAGE HOUSE, PEGGOTTY ARTIST STUDIO, PEAKED TOP SCHOOL, CORN CRIB, PRIVY, AND THE CHICKEN FOOD COOKHOUSE. THE COLLECTION INCLUDES APPROXIMATELY 13,000 OBJECTS, PHOTOS, AND DOCUMENTS RELATING TO THE HISTORY OF LITTLE COMPTON.
THE SECRETS OF CELLAR HOLES PROJECT ENABLED US TO COLLABORATE WITH ARCHAEOLOGISTS TO RESEARCH AND INVESTIGATE THE CELLAR HOLE AT THE CHURCH-COLLINS-NICHOLSON SITE, A HOMESITE THAT DATES FROM THE 1600S AND WAS LIVED IN AT DIFFERENT TIMES BY ENGLISH COLONISTS AND AFRO-INDIGENOUS FAMILIES. VOLUNTEERS, INCLUDING THE LOCAL 8TH GRADE CLASS, HELPED WITH THE ARCHAEOLOGICAL EXCAVATION OF THE SITE.
EDUCATION PROGRAM: THE ORGANIZATION RUNS YOUTH SUMMER CAMPS, SCHOOL PROGRAMS, AND ADULT PROGRAMS THAT SERVE TO EDUCATE THE COMMUNITY ABOUT THE HISTORY OF LITTLE COMPTON. THE EDUCATION PROGRAM SERVES APPROXIMATELY 500 PARTICIPANTS PER YEAR. DURING THE COVID-19 PANDEMIC, THESE PROGRAMS WERE CONDUCTED VIRTUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Otoole Managing Director | Officer | 40 | $71,286 |
Steven Lubar Vice President | OfficerTrustee | 4 | $0 |
Helen Richmond Webb Secretary | OfficerTrustee | 0.5 | $0 |
Bartlett Brownell Treasurer | OfficerTrustee | 12 | $0 |
Jane Lorch President | OfficerTrustee | 2 | $0 |
George Kilborn Asst Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,731 |
| Total Program Service Revenue | $2,850 |
| Investment income | $18,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,008,877 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,621 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,337,898 |
| 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. | $71,286 |
| Compensation of current officers, directors, key employees. | $24,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,339 |
| Fees for services: Accounting | $2,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,205 |
| Advertising and promotion | $1,399 |
| Office expenses | $20,485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,358 |
| 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 | $12,904 |
| Insurance | $11,433 |
| All other expenses | $1,070 |
| Total functional expenses | $281,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,259 |
| Savings and temporary cash investments | $1,136,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,196 |
| Prepaid expenses and deferred charges | $4,050 |
| Net Land, buildings, and equipment | $263,197 |
| Investments—publicly traded securities | $1,294,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,773,911 |
| Accounts payable and accrued expenses | $2,889 |
| 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 | $2,889 |
| Net assets without donor restrictions | $1,588,773 |
| Net assets with donor restrictions | $1,182,249 |
| 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 | $2,773,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Little Compton Historical Society Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Venusti Family Foundation Inc Brunswick, GA PURPOSE: GENERAL PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $143,782 |
| Earnings | $177,846 |
| Net Contributions | $993,700 |
| Other Expense | $177,846 |
| Ending Balance | $1,137,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |
Marthas Vineyard Preservation Tr Inc Edgartown, MA | $22,708,847 | $3,056,624 |
Fort Adams Trust Inc Newport, RI | $1,609,265 | $1,343,928 |
Fairfield Historical Society Fairfield, CT | $12,480,196 | $1,219,328 |
Newport Historical Society Newport, RI | $9,362,707 | $1,665,951 |