Norwich Historical Society
- Assets
- $573.2k
- Revenue
- $93.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Norwich, VT
- Founding
- 08/1969
- Data as of
- 09/2022
- EIN
- 23-7035399
Organization Overview
Norwich Historical Society is located in Norwich, VT. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwich 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 09/2022, Norwich Historical Society generated $93.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $91.1k during the year ending 09/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF HISTORICAL ARTIFACTS AND EDUCATION ABOUT THE HISTORY OF NORWICH AND ITS SURROUNDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORWICH HISTORICAL SOCIETY HAS INCREASED ITS COLLECTION OF NORWICH HISTORY, EXPANDED ITS EDUCATIONAL ENDEAVORS, AND PROVIVDED AN IMPROVED MEETING SPACE FOR OTHER ORGANIZATIONS IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Rooker Director | Officer | 20 | $29,739 |
Heidi Webster Secretary | OfficerTrustee | 0.5 | $0 |
Carolyn Clinton President | OfficerTrustee | 0.5 | $0 |
Cheri Mather Vice President | OfficerTrustee | 0.5 | $0 |
Carla Vincent Treasurer | OfficerTrustee | 0.5 | $0 |
Anna-Adachi-Meja Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,795 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,533 |
| Total Program Service Revenue | $0 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,985 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $446 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,040 |
| 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. | $28,244 |
| 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 | $2,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9 |
| Office expenses | $1,681 |
| Information technology | $655 |
| Royalties | $0 |
| Occupancy | $8,220 |
| 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 | $21,696 |
| Insurance | $5,233 |
| All other expenses | $1,904 |
| Total functional expenses | $91,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,943 |
| Savings and temporary cash investments | $59,667 |
| 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 | $469,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,234 |
| Accounts payable and accrued expenses | $622 |
| 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 | $622 |
| Net assets without donor restrictions | $554,622 |
| Net assets with donor restrictions | $17,990 |
| 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 | $573,234 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Norwich Historical Society has recieved totaling $2,100.
| Awarding Organization | Amount |
|---|---|
Ann H Symington Foundation Chicago, IL PURPOSE: GENERAL | $2,000 |
Flora R And Isidor M Stettenheim Foundation Inc Norwich, VT PURPOSE: GENERAL PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $11,000 |
| Earnings | $37 |
| Other Expense | $37 |
| Ending Balance | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Lake George Association Inc Lake George, NY | $20,500,954 | $6,877,319 |
Royal Oak Foundation Inc New York, NY | $7,446,621 | $2,765,681 |
Vermont Historical Society Barre, VT | $10,109,321 | $2,303,922 |
Adirondack Railway Preservation Society Utica, NY | $2,682,180 | $3,406,896 |
Colonial Farmhouse Restoration Society Of Bellerose Inc Floral Park, NY | $3,034,093 | $2,477,433 |