Fairfield Historical Society
- Assets
- $13.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Fairfield, CT
- Founding
- 10/1950
- Data as of
- 06/2024
- EIN
- 06-0646622
Organization Overview
Fairfield Historical Society is located in Fairfield, CT. The organization was established in 1950. 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 06/2024, Fairfield Historical Society employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield 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 06/2024, Fairfield Historical Society generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.5m during the year ending 06/2024. While expenses have increased by 1.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FAIRFIELD MUSEUM USES HISTORY AND THE ARTS TO STRENGTHEN COMMUNITY AND HELP SHAPE ITS FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRFIELD MUSEUM WELCOMES MORE THAN 30,000 VISITORS FROM THROUGHOUT NEW ENGLAND FOR A WIDE RANGE OF EXHIBITIONS, EDUCATION PROGRAMS, SCHOOL VISITS AND SPECIAL EVENTS. MORE THAN 4,500 OF THOSE ARE STUDENTS WHO VISIT ON FIELD TRIPS FROM 65 SCHOOLS THROUGHOUT FAIRFIELD COUNTY TO LEARN ABOUT THEIR COMMUNITY AND HOW THEY CAN BE ACTIVE AND RESPONSIBLE CITIZENS FOR THE FUTURE. THE MUSEUM OFFERS MORE THAN 200 ADULT AND FAMILY PROGRAMS EACH YEAR THAT PROVIDE IMPORTANT OPPORTUNITIES FOR INDIVIDUALS FROM DIFFERENT BACKGROUNDS WITH DIVERSE OPINIONS TO COME TOGETHER TO DISCUSS CRITICAL ISSUES FACING OUR COMMUNITY AND SOCIETY AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Schiffman President | OfficerTrustee | 5 | $0 |
Patricia Spaght Vice President | OfficerTrustee | 5 | $0 |
Chris Daley Treasurer | OfficerTrustee | 5 | $0 |
Susan Bonner Secretary | OfficerTrustee | 5 | $0 |
Edie Blair Director | OfficerTrustee | 5 | $0 |
Kate Browning Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,036 |
| Fundraising events | $24,645 |
| Related organizations | $0 |
| Government grants | $72,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $571,167 |
| Noncash contributions included in lines 1a–1f | $12,858 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $701,848 |
| Total Program Service Revenue | $84,570 |
| Investment income | $257,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,075 |
| Net Gain/Loss on Asset Sales | $9,973 |
| Net Income from Fundraising Events | $4,884 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,016 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,356 |
| 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. | $288,771 |
| Compensation of current officers, directors, key employees. | $51,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $555,066 |
| Pension plan accruals and contributions | $21,508 |
| Other employee benefits | $40,838 |
| Payroll taxes | $65,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,258 |
| Fees for services: Other | $64,160 |
| Advertising and promotion | $9,552 |
| Office expenses | $27,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,738 |
| 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 | $145,685 |
| Insurance | $41,417 |
| All other expenses | $50,274 |
| Total functional expenses | $1,468,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,206 |
| 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 | $23,817 |
| Prepaid expenses and deferred charges | $15,816 |
| Net Land, buildings, and equipment | $2,767,302 |
| Investments—publicly traded securities | $9,116,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $864,481 |
| Total assets | $13,194,774 |
| Accounts payable and accrued expenses | $99,137 |
| Grants payable | $0 |
| Deferred revenue | $43,786 |
| 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 | $29,556 |
| Total liabilities | $172,479 |
| Net assets without donor restrictions | $8,653,540 |
| Net assets with donor restrictions | $4,368,755 |
| 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 | $13,194,774 |