Connecticut Historical Society
- Assets
- $63.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 63
- Location
- Hartford, CT
- Founding
- 10/1934
- Data as of
- 12/2023
- EIN
- 06-6026012
Organization Overview
Connecticut Historical Society is located in Hartford, CT. The organization was established in 1934. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Connecticut Historical Society employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut 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 12/2023, Connecticut Historical Society generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHS IS TO CULTIVATE DEEP UNDERSTANDING OF THE HISTORY AND CULTURE OF CONNECTICUT, AND ITS ROLE IN AMERICA AND THE WORLD, THROUGH REFLECTION OF THE PAST, ACTIVE ENGAGEMENT WITH THE PRESENT, AND INNOVATION FOR THE FUTURE THROUGH OUR COLLECTIONS, RESEARCH, EDUCATIONAL PROGRAMS, AND EXHIBITIONS. THE CHSS VISION IS TO WORK WITH AN INCLUSIVE AUDIENCE TO PROMOTE HISTORICAL AND CULTURAL PERSPECTIVES AS ESSENTIAL TOOLS TO CONNECT WITH OTHERS, SHAPE COMMUNITIES, AND MAKE INFORMED DECISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS DEVELOPMENT - MANAGES THE DIVERSE COLLECTIONS MATERIALS (BOOKS, MANUSCRIPTS, FURNITURE, COSTUMES AND MANY OTHER OBJECTS) RELATED TO CONNECTICUT'S MATERIAL CULTURE FROM THE LATE 17TH CENTURY TO THE PRESENT.
EDUCATION - PROMOTES THE STUDY AND ENJOYMENT OF CONNECTICUT HISTORY THROUGH SCHOOL GROUP AND ADULT PROGRAMS, TOURS AND OUTREACH ACTIVITIES.
EXHIBITS AND PROGRAMS - DEVELOPS AND DISPLAYS THEMED EXHIBITIONS RELATED TO VARIOUS ASPECTS OF CONNECTICUT HISTORY, ALONG WITH ACCOMPANYING LECTURES AND BOOK TALKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Kret CEO & Exec. Dir | Officer | 50 | $253,004 |
Ilene Frank Cchief Strat. Off | 50 | $142,068 | |
Jamie O'brien Chief Adv. Officer | 50 | $109,504 | |
Kevin Hughes CFO | Officer | 50 | $63,864 |
Julie Drouin CFO | Officer | 50 | $57,219 |
C Paul Beach Jr Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Resources Management Corp Investment Managers | 12/30/23 | $147,594 |
Innovative Network Solutions It Consulting | 12/30/23 | $108,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,335 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $732,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,237,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,027,699 |
| Total Program Service Revenue | $173,576 |
| Investment income | $1,031,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | -$981,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,799 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,258,392 |
| 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. | $392,233 |
| Compensation of current officers, directors, key employees. | $187,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,150,014 |
| Pension plan accruals and contributions | $97,331 |
| Other employee benefits | $132,793 |
| Payroll taxes | $192,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,770 |
| Fees for services: Accounting | $25,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $163,016 |
| Fees for services: Other | $0 |
| Advertising and promotion | $218,396 |
| Office expenses | $202,991 |
| Information technology | $118,965 |
| Royalties | $0 |
| Occupancy | $380,498 |
| Travel | $45,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,232 |
| Interest | $7,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,888 |
| Insurance | $7,522 |
| All other expenses | $103,149 |
| Total functional expenses | $5,317,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $243,247 |
| Accounts receivable, net | $12,574 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,896 |
| Prepaid expenses and deferred charges | $69,236 |
| Net Land, buildings, and equipment | $4,118,747 |
| Investments—publicly traded securities | $43,389,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,740,666 |
| Total assets | $63,237,635 |
| Accounts payable and accrued expenses | $310,096 |
| Grants payable | $0 |
| Deferred revenue | $139,764 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $499,860 |
| Net assets without donor restrictions | $22,997,550 |
| Net assets with donor restrictions | $39,740,225 |
| 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 | $63,237,635 |