Stonington Historical Society
- Assets
- $4.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Stonington, CT
- Founding
- 03/1943
- Data as of
- 12/2021
- EIN
- 06-0966415
Organization Overview
Stonington Historical Society is located in Stonington, CT. The organization was established in 1943. 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, Stonington Historical Society employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stonington 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, Stonington Historical Society generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $580.1k during the year ending 12/2021. While expenses have increased by 7.9% 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 PRESERVE, INTERPRET AND CELEBRATE THE HISTORY OF ALL OF STONINGTON. THE SOCIETY MAINTAINS THREE SITES OPEN TO THE PUBLIC: THE OLD LIGHTHOUSE MUSEUM, THE CAPTAIN NATHANIEL B. PALMER HOUSE, AND THE WOOLWORTH LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM SERVICES INCLUDING THE OLD LIGHTHOUSE MUSEUM AND THE NATHANIEL B. PALMER HOUSE WHICH AID IN THE PRESERVATION OF THE HISTORY OF STONINGTON. ALSO, THE WOOLWORTH LIBRARY WHICH AIDS IN THE PRESERVATION OF ARCHIVES OF LOCAL RECORDS, MANUSCRIPTS AND PHOTOGRAPHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Wood Executive Di | Trustee | 40 | $63,285 |
William Griffith Vp/treasurer | OfficerTrustee | 3 | $0 |
William Hobbs Secretary | OfficerTrustee | 3 | $0 |
Frances Ashley President | OfficerTrustee | 3 | $0 |
Richard Cole Director | Trustee | 2 | $0 |
Dodie Bump Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,548 |
| Fundraising events | $161,013 |
| Related organizations | $0 |
| Government grants | $37,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $708,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $930,212 |
| Total Program Service Revenue | $46,890 |
| Investment income | $20,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,164 |
| Net Gain/Loss on Asset Sales | $430 |
| Net Income from Fundraising Events | -$16,136 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,636 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,056,765 |
| 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. | $63,285 |
| Compensation of current officers, directors, key employees. | $63,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,035 |
| Payroll taxes | $19,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,539 |
| Fees for services: Accounting | $19,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,530 |
| Office expenses | $7,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,703 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,137 |
| Insurance | $26,699 |
| All other expenses | $11,372 |
| Total functional expenses | $580,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,405 |
| Savings and temporary cash investments | $15,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $462,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,638 |
| Prepaid expenses and deferred charges | $11,686 |
| Net Land, buildings, and equipment | $2,690,699 |
| Investments—publicly traded securities | $971,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,577 |
| Total assets | $4,695,601 |
| Accounts payable and accrued expenses | $10,510 |
| 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 | $204,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,769 |
| Total liabilities | $219,232 |
| Net assets without donor restrictions | $3,951,054 |
| Net assets with donor restrictions | $525,315 |
| 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 | $4,695,601 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stonington Historical Society has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Benson P Blake Char Tr C O Tua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $729,091 |
| Earnings | $139,010 |
| Net Contributions | $176,410 |
| Other Expense | $72,518 |
| Ending Balance | $971,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
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 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |