Bridgton Historical Society
- Assets
- $1.4m
- Revenue
- $225.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Bridgton, ME
- Founding
- 12/1973
- Data as of
- 09/2023
- EIN
- 23-7300040
Organization Overview
Bridgton Historical Society is located in Bridgton, ME. The organization was established in 1973. 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 09/2023, Bridgton Historical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgton 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 09/2023, Bridgton Historical Society generated $225.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $144.0k during the year ending 09/2023. While expenses have increased by 22.2% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL HISTORICAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE THE GENERAL PUBLIC AND PRESERVE ARTIFACTS AND RECORDS RELATING TO THE HISTORY OF THE TOWN OF BRIDGTON MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Allen Member At La | Trustee | 0.5 | $0 |
Richard Coshow Treasurer | OfficerTrustee | 1 | $0 |
Jon Evans President | OfficerTrustee | 2 | $0 |
Krissy Karlsson Vice Preside | OfficerTrustee | 1 | $0 |
James Oberg Member At La | Trustee | 0.5 | $0 |
Elizabeth Bonnie Trafford Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,308 |
| Total Program Service Revenue | $715 |
| Investment income | $87,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $608 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,412 |
| 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 | $67,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $530 |
| Office expenses | $5,475 |
| Information technology | $6,712 |
| Royalties | $0 |
| Occupancy | $12,969 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,593 |
| Insurance | $17,953 |
| All other expenses | $2,077 |
| Total functional expenses | $143,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19 |
| 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 | $3,433 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $609,436 |
| Investments—publicly traded securities | $741,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,275 |
| Total assets | $1,449,004 |
| Accounts payable and accrued expenses | $185 |
| 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 | $185 |
| Net assets without donor restrictions | $1,448,819 |
| 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 | $1,449,004 |