Descendants Of The Signers Of The Declaration Of Independence Inc
- Assets
- $1.8m
- Revenue
- $160.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Avon, CT
- Founding
- 10/1949
- Data as of
- 04/2024
- EIN
- 23-6397427
Organization Overview
Descendants Of The Signers Of The Declaration Of Independence Inc, operating under the name Independence, is located in Avon, CT. The organization was established in 1949. 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. Independence 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 04/2024, Independence generated $160.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $130.3k during the year ending 04/2024. 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
INSPIRE PATRIOTIC PRIDE WITHOUT POLITICAL AFFILIATION. PROVIDE NON- POLITICAL SUPPORT OF PATRIOTIC ACTIVITIES IN KEEPING WITH THE HIGH IDEALS OF THE 56 SIGNERS. COLLEGE SCHOLARSHIPS ARE AWARDED TO DESERVING STUDENTS WHO ARE DESCENDED FROM ONE OR MORE OF THE SIGNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DRAW PUBLIC AND GOVERNMENT ATTENTION TO THE NEEDS OF HISTORICAL LANDMARKS AND TO INDICATE PUBLICLY, BY RESOLUTIONS, THEIR NON-POLITICAL SUPPORT OF PATRIOTIC ACTIVITIES IN KEEPING WITH THE HIGH IDEALS OF THE 56 SIGNERS.
ANNUAL SCHOLARSHIPS ARE AWARDED TO DESERVING MEN AND WOMEN DESCENDED FROM ONE OF THE SIGNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy M Wark President Ge | OfficerTrustee | 5 | $0 |
John Hamilton Works Jr 1st Vice Pre | OfficerTrustee | 5 | $0 |
Leroy A Keller Jr 1st VP Gener | OfficerTrustee | 5 | $0 |
Barbara T Greeley 2nd VP | OfficerTrustee | 5 | $0 |
Marianne Brinker Secretary | OfficerTrustee | 5 | $0 |
Scott Richard Lewis Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,495 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,165 |
| Total Program Service Revenue | $13,045 |
| Investment income | $50,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$627 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,000 |
| 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 | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,815 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,463 |
| Information technology | $2,623 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,196 |
| All other expenses | $0 |
| Total functional expenses | $130,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,102 |
| Savings and temporary cash investments | $63,859 |
| 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 | $0 |
| Investments—publicly traded securities | $1,750,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45 |
| Total assets | $1,827,584 |
| 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 | $1,268,737 |
| Net assets with donor restrictions | $558,847 |
| 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 | $1,827,584 |