Independence Historical Trust

Organization Overview

Independence Historical Trust, operating under the name Friends Of Independence National, is located in Philadelphia, PA. The organization was established in 1973. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of Independence National 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 12/2023, Friends Of Independence National generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS TO FULFILL THE MISSION OF INDEPENDENCE NATIONAL HISTORICAL PARK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2023, THE ORGANIZATION CLOSED OUT OUR 50TH ANNIVERSARY YEAR AND SUPPORTED INDEPENDENCE NATIONAL HISTORICAL PARK IN CELEBRATING THEIR 75TH ANNIVERSARY. DURING THAT YEAR, THE TRUST ACCOMPLISHED THE FOLLOWING PROGRAMMATIC ACTIVITIES: 1.) FUNDRAISING: COMPLETED A MULTI-YEAR DESIGN PHASE FOR EXHIBITS AT THE FIRST BANK OF THE UNITED STATES THAT WILL INTERPRET THE FIVE PILLARS OF THE EARLY ECONOMY OF OUR NATION FROM THE POINT OF VIEW OF THE CITIZENS. THE EXHIBITS ARE NOW READY TO GO TO FABRICATION ONCE FUNDS HAVE BEEN RAISED. THIS YEAR, THE TRUST BROKE GROUND ON TWO CONSTRUCTION PROJECTS, THE REHABILITATION OF THE FIRST BANK OF THE UNITED STATES AND THE BICENTENNIAL BELL AT THE BENJAMIN RUSH GARDEN. IN PARTNERSHIP WITH THE NATIONAL PARK SERVICE, THE PROJECTS WILL BE COMPLETED IN TIME FOR THE 250TH ANNIVERSARY OF OUR NATION IN 2026. 2.) COMMUNITY OUTREACH: WITH A GOAL TO INCREASE AWARENESS OF THE ORGANIZATION, THE PROGRAMS REACHED OVER 2,000 PEOPLE IN THE COMMUNITY AND WERE OFFERED TO ALL AGE GROUPS AND EVEN SOME DOGS. OVER THE SUMMER OF 2023, THE TRUST, ALONG WITH INDEPENDENCE NATIONAL HISTORICAL PARK WELCOMED 40 DOGS INTO THE COUNTRY-WIDE BARK RANGER PROGRAM WHICH HELPS DOG OWNERS, AND THEIR PETS CONNECT TO THEIR NATIONAL PARK. 3.) EDUCATION: SUPPORTING THE NATIONAL PARK SERVICE'S MISSION TO EDUCATE, THE TRUST SUPPORTED MULTIPLE IN-PERSON AND VIRTUAL PROGRAMS FOR STUDENTS IN 2023. 60 SCHOOLS WITH OVER 4,000 STUDENTS ATTENDED THE EDUCATION PROGRAMS INCLUDE A DAY CALLED HISTORYFEST WHICH BROUGHT TOGETHER MULTIPLE PARTNERS IN THE SOCIAL STUDIES FIELD AND LOCAL STUDENTS FOR A DAY OF LEARNING AND FUN IN THE NATIONAL PARK. 4.) TWILIGHT TOURS: THE TRUST OFFERED FREE, EVENING WALKING TOURS ON THE HISTORY OF THE NATIONAL PARK. OVER 1,500 ATTENDANTS FROM 43 DIFFERENT STATES AND 33 FOREIGN COUNTRIES ATTENDED THE PROGRAM.


LOBBYING EXPENDITURES


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Caramanico
Executive Di
$0
William Marrazzo
Chairman
$0
Lee James Woolley
Vice Chair
$0
Karen Kaufman
Treasurer
$0
Thomas G Spencer
Secretary
$0
Flora L Becker
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
John Milner Architects
First Bank Serv
$483,491
Local Projects
First Bank Serv
$221,832
Dan Bosin Associates
First Bank Serv
$111,604
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$225,585
Related organizations$0
Government grants $600,000
All other contributions, gifts, grants, and similar amounts not included above$951,412
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,776,997
Total Program Service Revenue$96,095
Investment income $40,426
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$30,238
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,883,280

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