Madison Historical Society
- Assets
- $2.4m
- Revenue
- $119.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 03/1975
- Data as of
- 05/2024
- EIN
- 23-7409331
Organization Overview
Madison Historical Society is located in Madison, NJ. The organization was established in 1975. 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. Madison 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 05/2024, Madison Historical Society generated $119.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $46.6k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND RELATED ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Laughlin President | 15 | $0 | |
David Luber Treasurer | 15 | $0 | |
Herm Huber Vice President | 10 | $0 | |
Judy Seery Trustee | 4 | $0 | |
James Malcolm Trustee | 10 | $0 | |
Kate Malcolm Custodian | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,472 |
| Interest on Savings | $675 |
| Dividends & Interest | $52,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,825 |
| Capital Gain Net Income | $56,825 |
| Net ST Capital Gain | $56,825 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $841 |
| Other Income | $461 |
| Total Revenue | $119,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,868 |
| Depreciation | $0 |
| Occupancy | $5,102 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,192 |
| Other expenses | $36,236 |
| Total operating and administrative expenses | $46,558 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $46,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,700 |
| Savings and temporary cash investments | $70,310 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,327,185 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,410,195 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $300,000 |
| Total liabilities | $300,000 |