Farmington Historical Society Incorporated
- Assets
- $1.1m
- Revenue
- $154.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, CT
- Founding
- 12/1959
- Data as of
- 05/2023
- EIN
- 06-6056619
Organization Overview
Farmington Historical Society Incorporated is located in Farmington, CT. The organization was established in 1959. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Historical Society Incorporated 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 05/2023, Farmington Historical Society Incorporated generated $154.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $92.1k during the year ending 05/2023. While expenses have increased by 13.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FARMINGTON HISTORICAL SOCIETY'S PRIMARY EXEMPT PURPOSES ARE TO PRESERVE LOCAL HISTORY AND TO EDUCATE THE PUBLIC ON THE TOWN'S HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAMS, MEMBERSHIP AND HISTORIC PROGRAMS, PUBLICATION OF NEWSLETTER AND COMMUNICATION WITH MEMBERS, RESIDENTS OF FARMINGTON AND FRIENDS. $720.PROGRAM DEVELOPMENT $39,375.ARCHIVING OF HISTORIC RECORDS $552.
MAINTENANCE OF HISTORIC COTTAGES (AMONG THE OLDEST BUILDINGS IN TOWN OF FARMINGTON), SCHOOLHOUSE - $24,331STORAGE OF PHINEAS LEWIS HOUSE COMPONENTS - $2,280 TOTAL EXPENSES $26,611
SPECIAL PROGRAMS - JUNETEENTH, CLARE SMITH EXHIBIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bombara President | OfficerTrustee | 4 | $0 |
Frederick Mullen Jr To 1122 Treasurer | OfficerTrustee | 2 | $0 |
Ann Newbury Secretary | OfficerTrustee | 4 | $0 |
Portia Corbett Vice President | OfficerTrustee | 4 | $0 |
Joanne Lawson Director | Trustee | 2 | $0 |
Heather Kelsey Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,839 |
| Total Program Service Revenue | $10,154 |
| Investment income | $8,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,669 |
| Net Gain/Loss on Asset Sales | $11,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $211 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,868 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,217 |
| Advertising and promotion | $2,705 |
| Office expenses | $851 |
| Information technology | $2,804 |
| Royalties | $0 |
| Occupancy | $9,946 |
| 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 | $8,419 |
| Insurance | $5,550 |
| All other expenses | $1,012 |
| Total functional expenses | $92,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,465 |
| Savings and temporary cash investments | $34,370 |
| 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 | $517,068 |
| Investments—publicly traded securities | $321,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,100,063 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,100,063 |
| Total liabilities and net assets/fund balances | $1,100,063 |