Lake Chelan Historical Society Inc
- Assets
- $1.0m
- Revenue
- $88.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Chelan, WA
- Founding
- 08/1970
- Data as of
- 12/2021
- EIN
- 23-7073747
Organization Overview
Lake Chelan Historical Society Inc is located in Chelan, WA. The organization was established in 1970. 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. Lake Chelan Historical Society 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, Lake Chelan Historical Society Inc generated $88.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $93.2k during the year ending 12/2021. While expenses have increased by 7.9% 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
THE MISSION OF THE LAKE CHELAN HISTORICAL SOCIETY IS TO ACT AS A HISTORICAL RESOURCE AND CULTURAL CENTER FOR THE LAKE CHELAN VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE CHELAN HISTORICAL SOCIETY OPERATES THE CHELAN MUSEUM WHICH PREPARES AND PRESENTS HISTORICAL, CULTURAL AND EDUCATIONAL EXHIBITS THROUGHOUT THE YEAR. THE MUSEUM ALSO PROVIDES A MEETING AREA FOR THE GENERAL COMMUNITY AND SMALLER GROUPS WITHIN THE COMMUNITY. ADDITIONALLY, THE SOCIETY SUPPORTS OTHER ORGANIZATIONS PRESENTING EDUCATIONAL PROGRAMS OF A HISTORICAL NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Clouse President | Officer | 2 | $0 |
Mary Ann Warren Treasurer | Officer | 2 | $0 |
Adrienne Carpenter Secretary | Officer | 2 | $0 |
Jane Lloyd Director | Officer | 3 | $0 |
Susan Hauth Director | Trustee | 1 | $0 |
Roberta Simmonds Director | 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 | $13,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,558 |
| Total Program Service Revenue | $4,692 |
| Investment income | $28,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,074 |
| Net Gain/Loss on Asset Sales | $5,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,655 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,695 |
| 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 | $32,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,495 |
| Payroll taxes | $3,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,520 |
| 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 | $16,043 |
| Insurance | $7,360 |
| All other expenses | $816 |
| Total functional expenses | $93,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,394 |
| Savings and temporary cash investments | $19,496 |
| 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 | $27,405 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $109,776 |
| Investments—publicly traded securities | $854,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,013,598 |
| 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 | $9,210 |
| Total liabilities | $9,210 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,004,388 |
| 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 | $1,013,598 |
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 |