Franklin County Historical Society
- Assets
- $2.1m
- Revenue
- $243.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Pasco, WA
- Founding
- 07/1969
- Data as of
- 12/2021
- EIN
- 23-7027191
Organization Overview
Franklin County Historical Society is located in Pasco, WA. The organization was established in 1969. 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, Franklin County Historical Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County 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, Franklin County Historical Society generated $243.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $134.0k during the year ending 12/2021. 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
THE MISSION OF THE FRANKLIN COUNTY HISTORICAL SOCIETY IS TO PRESERVE AND PROMOTE THE HISTORY OF FRANKLIN COUNTY, WASHINGTON THROUGH EDUCATIONAL PUBLICATIONS, PROGRAMS AND THE OPERATION OF THE FRANKLIN COUNTY MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE FRANKLIN COUNTY HISTORICAL MUSEUM INCLUDING THE DEVELOPMENT AND PRESENTATION OF EDUCATIONAL PROGRAMS AND MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Neff Member At Large | Officer | 5 | $0 |
Lara Hastings Past President | Officer | 5 | $0 |
Glen Allison President | Officer | 5 | $0 |
Keith Snider Treasurer | Officer | 5 | $0 |
Doc Hastings Vice President | Officer | 5 | $0 |
Lamar Palmber Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,291 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,019 |
| Total Program Service Revenue | $3,800 |
| Investment income | $51,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,989 |
| Net Income from Fundraising Events | $31,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,283 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,093 |
| 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 | $51,256 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $0 |
| Payroll taxes | $4,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,501 |
| 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 | $0 |
| Advertising and promotion | $333 |
| Office expenses | $5,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,754 |
| Insurance | $1,740 |
| All other expenses | $7,866 |
| Total functional expenses | $134,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,759 |
| Savings and temporary cash investments | $196,780 |
| 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 | $573,043 |
| Investments—publicly traded securities | $1,224,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,071,223 |
| 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 | $6,672 |
| Total liabilities | $6,672 |
| Net assets without donor restrictions | $2,064,551 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,071,223 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franklin County Historical Society has recieved totaling $2,005.
| Awarding Organization | Amount |
|---|---|
Horrigan Foundation Inc Pasco, WA PURPOSE: GENERAL USE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $205,934 |
| Earnings | $6,303 |
| Net Contributions | $6,397 |
| Other Expense | $7,167 |
| Ending Balance | $211,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historical Society Of Seattle & King County Seattle, WA | $65,125,206 | $5,162,705 |
Eastern Washington State Historical Society Spokane, WA | $20,173,182 | $5,485,547 |
Pioneer Courthouse Square Of Portland Inc Portland, OR | $2,433,302 | $2,453,569 |
Museum Of Idaho Inc Idaho Falls, ID | $10,042,756 | $2,158,282 |
The Northwest Railway Museum Snoqualmie, WA | $11,856,301 | $1,293,392 |
Chugach Heritage Foundation Anchorage, AK | $34,441,750 | $4,199,570 |
United States Lighthouse Society Inc Hansville, WA | $2,077,048 | $1,056,724 |
Grays Harbor Historical Seaport Authority Aberdeen, WA | $4,901,572 | $1,195,810 |
Clatsop County Historical Society Inc Astoria, OR | $4,670,472 | $1,501,101 |
Old Church Society Inc Portland, OR | $2,400,692 | $879,805 |
Steamer Virginia V Foundation Inc Seattle, WA | $2,142,526 | $1,163,610 |
Arlington Club Heritage Foundation Portland, OR | $1,502,895 | $244,933 |