Ridge Historical Society
- Assets
- $953.5k
- Revenue
- $62.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1972
- Data as of
- 12/2023
- EIN
- 23-7222417
Organization Overview
Ridge Historical Society is located in Chicago, IL. The organization was established in 1972. 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. Ridge 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 12/2023, Ridge Historical Society generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND INTERPRET LOCAL HISTORY OF THE RIDGE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION PROGRAMS: THE SOCIETY CREATED AN ORIGINAL EXHIBIT, "WINDOWS ON THE PAST" BASED ON A GROUP OF WATERCOLORS IN THE RHS COLLECTION. THE ARTIST, LOUISE BARWICK, LIVED IN THE RIDGE COMMUNITY AROUND THE TURN OF THE LAST CENTURY AND PAINTED LOCAL SCENES OF THE TIME. THE EXHIBIT WAS FREE AND OPEN TO THE PUBLIC, AND DOCENT-MODERATED VIEWINGS WITH Q&A SESSIONS WERE SCHEDULED. THE SOCIETY ALSO HOSTED SPEAKERS FOR LOCAL HISTORY PRESENTATIONS (GEOLOGY OF THE RIDGE; FREEDOM SEEKERS ABOUT THE UNDERGROUND RAILROAD ACTIVITIES IN THE AREA), A PRACTICAL TALK ON WEATHERIZING HOUSES, AND SEVERAL WORKSHOPS ON RESEARCHING THE HISTORY OF OLD CHICAGO HOUSES. IN ANOTHER SIGNIFICANT PUBLIC EDUCATION EFFORT, RHS REGULARLY AND CONSISTENTLY PUBLISHES LOCAL HISTORY ITEMS VIA PRINT AND SOCIAL MEDIA.
GRAVER-DRISCOLL HOUSE PRESERVATION AND MAINTENANCE: THE SOCIETY RESIDES IN A DESIGNATED HISTORIC DISTRICT, AND OWNS GRAVER-DRISCOLL HOUSE WHICH SERVES IS ITS BASE OF ADMINISTRATIVE OPERATIONS AND AS A MUSEUM, ARCHIVE, AND MEETING VENUE. THE BUILDING IS HISTORICALLY SIGNIFICANT IN ITS OWN RIGHT; IT WAS DESIGNED BY NOTED ARCHITECT JOHN TODD HETHERINGTON AND IS OVER 100 YEARS OLD. THE SOCIETY COMPLETED THE FIRST OF A PLANNED SERIES OF RESTORATION PROJECTS BY RE-CREATING AN ART GLASS WINDOW IN ITS ENTRANCE DOOR, BASED ON AN OLD PHOTOGRAPH.
PUBLIC EVENTS: RIDGE HISTORICAL SOCIETY PARTICIPATED IN SEVERAL LOCAL EVENTS, INCLUDING THE COMMUNITY'S MEMORIAL DAY PARADE, BAPA-SPONSORED FREE "PORCH CONCERTS", BEVERLY ARTS ALLIANCE'S ANNUAL ART WALK, AND CHICAGO ARCHITECTURAL CENTER'S "OPEN HOUSE CHICAGO". RHS TIMED ITS EXHIBIT OPENING IN CONJUNCTION WITH THE FALL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Nemeth President | OfficerTrustee | 6 | $0 |
Michael Wilk Vice-President | OfficerTrustee | 2 | $0 |
Susan Burnet Treasurer | OfficerTrustee | 10 | $0 |
Jarilyn Stavropoulos Secretary | OfficerTrustee | 2 | $0 |
Linda Lamberty Historian | Trustee | 12 | $0 |
Edris Hoover Curator | Trustee | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,760 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,290 |
| Total Program Service Revenue | $2,630 |
| Investment income | $34,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$378 |
| Net Income from Fundraising Events | $1,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,186 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,256 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,900 |
| Advertising and promotion | $0 |
| Office expenses | $2,346 |
| Information technology | $4,048 |
| Royalties | $0 |
| Occupancy | $16,147 |
| Travel | $139 |
| 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 | $7,433 |
| Insurance | $4,550 |
| All other expenses | $0 |
| Total functional expenses | $51,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,203 |
| Savings and temporary cash investments | $0 |
| 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 | $281,880 |
| Investments—publicly traded securities | $661,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $953,520 |
| 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 | $0 |
| 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 | $953,520 |
| Total liabilities and net assets/fund balances | $953,520 |