Block Island Historical Society
- Assets
- $1.7m
- Revenue
- $262.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Block Island, RI
- Founding
- 10/1967
- Data as of
- 12/2021
- EIN
- 05-6057099
Organization Overview
Block Island Historical Society is located in Block Island, RI. The organization was established in 1967. 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, Block Island Historical Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Block Island 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 12/2021, Block Island Historical Society generated $262.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $178.5k during the year ending 12/2021. While expenses have increased by 0.8% 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
TO PROCURE AND PRESERVE OBJECTS AND RECORDS PERTAINING TO THE HISTORY OF BLOCK ISLAND, RHODE ISLAND, AND TO ENCOURAGE AND PROMOTE THE STUDY OF THE HISTORY OF BLOCK ISLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND MAINTENANCE OF HISTORIC WOONSOCKET HOUSE; ARCHITECTURAL AND DESIGN WORK AS WELL AS SITE WORK
OPERATE MUSEUM AND GALLERY, EXHIBITING ARTIFACTS OF BLOCK ISLAND HISTORY, RUN A MUSEUM SHOP THAT ENCOURAGES THE EDUCATION OF THE HISTORY OF BLOCK ISLAND
PROVIDE TOURS OF HISTORIC SITES ON BLOCK ISLAND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Champagne-Willis President | OfficerTrustee | 20 | $0 |
Martha Ball Vice-President | OfficerTrustee | 5 | $0 |
Sharon Lehman Secretary | OfficerTrustee | 10 | $0 |
Shirlyne Gobern Treasurer | OfficerTrustee | 10 | $0 |
Mary Anderson Director | OfficerTrustee | 10 | $0 |
Susan Hagedorn Director | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,755 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,949 |
| Total Program Service Revenue | $20,065 |
| Investment income | $39,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,350 |
| Net Gain/Loss on Asset Sales | $9,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,430 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,648 |
| 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. | $41,406 |
| Compensation of current officers, directors, key employees. | $41,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,750 |
| Payroll taxes | $24,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,480 |
| Office expenses | $10,367 |
| Information technology | $7,768 |
| Royalties | $0 |
| Occupancy | $23,466 |
| Travel | $249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,119 |
| Insurance | $10,857 |
| All other expenses | $0 |
| Total functional expenses | $178,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,821 |
| Savings and temporary cash investments | $99,290 |
| 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 | $29,869 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $624,437 |
| Investments—publicly traded securities | $770,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,690,294 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $59,800 |
| 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 | $59,800 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $235,180 |
| Paid-in or capital surplus, or land, building, or equipment fund | $624,437 |
| Retained earnings, endowment, accumulated income, or other funds | $770,877 |
| Total liabilities and net assets/fund balances | $1,690,294 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Block Island Historical Society has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Konstantin Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $250 |
Endowment Analysis
| Beg. Balance | $751,050 |
| Earnings | $51,784 |
| Admin Expense | $55,965 |
| Net Contributions | $28,500 |
| Ending Balance | $775,369 |
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 |