Salem Historical Society Inc
- Assets
- $2.8m
- Revenue
- $150.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OH
- Founding
- 08/1955
- Data as of
- 12/2022
- EIN
- 23-7325436
Organization Overview
Salem Historical Society Inc is located in Salem, OH. The organization was established in 1955. 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. Salem 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 12/2022, Salem Historical Society Inc generated $150.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $194.0k during the year ending 12/2022. While expenses have increased by 7.8% 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
THE SALEM HISTORICAL SOCIETY MUSEUM IS A NONPROFIT VOLUNTEER ORGANIZATION WHICH MAINTAINS FOUR BUILDINGS TO HOUSE AND DISPLAY THE MANY HISTORICAL ARTIFACTS. ITS PURPOSE IS TO COLLECT, EXPLAIN, AND PRESERVE SALEM'S HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TROLLEY TOURS OF THE COMMUNITY FEATURING HIGHLIGHTS OF SIGNIFICANT HISTORICAL SITES IN THE COMMUNITY
OPERATION OF MUSEUM STORE-SALES OF HISTORIC MEMORABILIA TO EDUCATE THE COMMUNITY ABOUT THE HISTORY OF THE AREA
AS A PUBLIC SERVICE, THIS ORGANIZATION COLLECTS AND DISPLAYS IN A MUSEUM, HISTORICAL ARTIFACTS OF THE CITY OF SALEM, OHIO AND THE SURROUNDING COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bj Abrams Trustee | Trustee | 1 | $0 |
Joe Armeni Trustee | Trustee | 1 | $0 |
Sherry Ayers Trustee | Trustee | 1 | $0 |
Ken Banet Treasurer | Trustee | 1 | $0 |
Nancy Ciotti Trustee | Trustee | 1 | $0 |
K Craig Fehr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,281 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,601 |
| Total Program Service Revenue | $73,973 |
| Investment income | $62,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $248 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,200 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72 |
| Advertising and promotion | $790 |
| Office expenses | $11,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,007 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,379 |
| Insurance | $16,818 |
| All other expenses | $2,388 |
| Total functional expenses | $194,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$160 |
| 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 | $1,543,636 |
| Investments—publicly traded securities | $1,052,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,453 |
| Total assets | $2,767,161 |
| Accounts payable and accrued expenses | -$545 |
| 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 | $188,645 |
| Total liabilities | $188,100 |
| Net assets without donor restrictions | $2,579,061 |
| 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 | $2,767,161 |