Salisbury Association Inc
- Assets
- $12.8m
- Revenue
- $1.1m
- Investments
- $65.1k
- Employees
- 2
- Location
- Salisbury, CT
- Founding
- 09/1951
- Data as of
- 12/2021
- EIN
- 06-6054763
Organization Overview
Salisbury Association Inc is located in Salisbury, CT. The organization was established in 1951. 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, Salisbury Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Association 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, Salisbury Association Inc 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 39.3% each year . All expenses for the organization totaled $254.8k during the year ending 12/2021. While expenses have increased by 6.4% 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 FURTHER THE BEST INTERESTS OF THE TOWN OF SALISBURY AND TO PROTECT AND DEVELOP ITS NATURAL ATTRACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND TRUST CONSERVATION ACTIVITIES DEDICATED TO PRESERVING THE RURAL CHARACTER AND IMPORTANT NATURAL AREAS OF THE TOWN INCLUDING FARMLAND, PUBLIC VISTAS AND CRITICAL HABITATS. THE LAND TRUST WORKS WITH INTERESTED LANDOWNERS TO ESTABLISH CONSERVATION PROTECTION OF THEIR PROPERTY.
THE SALISBURY HISTORICAL SOCIETY IS WORKING TO RECORD, PRESERVE AND PRESENT SALISBURYS HISTORICAL HERITAGE THROUGH ART AND HISTORY EXHIBITS, LECTURES, ACRHIVAL MATERIALS, PUBLICATIONS AND SCHOOL PROGRAMS.
THE COMMINTY EVENTS COMMITTEE WORKS TO ORGANIZE COMMUNITY PUBLIC CELEBRATIONS AND EVENTS SPONSORED IN ORDER TO FOSTER COMMUNITY SPIRIT AND TOWN BEAUTIFICATION. THE ABOVE ALSO INCLUDES EXPENSES FOR THE HOSKINS LAKEVILLE JOURNAL FUND AND OTHER MISCELLANEOUS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Brennan Vice President | OfficerTrustee | 2 | $0 |
Cynthia Walsh Treasurer | OfficerTrustee | 3 | $0 |
Jeanette Weber President | OfficerTrustee | 2 | $0 |
Laura Carlson Secretary | OfficerTrustee | 2 | $0 |
Roger Mckee Trustee | Trustee | 1 | $0 |
Sarah Morrison Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,527 |
| Noncash contributions included in lines 1a–1f | $358,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $701,527 |
| Total Program Service Revenue | $812 |
| Investment income | $312,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,127,033 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,772 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,884 |
| Advertising and promotion | $17,398 |
| Office expenses | $12,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,231 |
| 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 | $9,268 |
| Insurance | $17,080 |
| All other expenses | $730 |
| Total functional expenses | $254,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,945 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,170,017 |
| Investments—publicly traded securities | $5,330,709 |
| Investments—other securities | $65,060 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,764,731 |
| Accounts payable and accrued expenses | $2,145 |
| 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 | $2,145 |
| Net assets without donor restrictions | $12,521,064 |
| Net assets with donor restrictions | $241,522 |
| 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 | $12,764,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salisbury Association Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Anne And Rollin Bates Foundation Inc Hartford, CT PURPOSE: UNRESTRICTED GIFT | $15,000 |
Endowment Analysis
| Beg. Balance | $19,236 |
| Ending Balance | $19,236 |
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 |