Lackawanna Historical Society
- Assets
- $1.6m
- Revenue
- $324.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Scranton, PA
- Founding
- 08/1944
- Data as of
- 12/2023
- EIN
- 24-0798829
Organization Overview
Lackawanna Historical Society is located in Scranton, PA. The organization was established in 1944. 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 12/2023, Lackawanna Historical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lackawanna 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, Lackawanna Historical Society generated $324.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $241.4k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 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
PRESERVE AND PROMOTE LACKAWANNA COUNTY HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE LACKAWANNA HISTORICAL SOCIETY IS TO PRESERVE AND PROMOTE THE HISTORY AND HERITAGE OF LACKAWANNA COUNTY, PENNSYLVANIA. THE ENTIRE COMMUNITY IS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Moran Savakinus Exec Director | 40 | $54,706 | |
William Rinaldi Trustee | Trustee | 1 | $0 |
Lynda Lynett Trustee | Trustee | 2 | $0 |
Christine Posly Trustee | Trustee | 1 | $0 |
Jeffrey Kiefer Trustee | Trustee | 1 | $0 |
William Conlogue Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,811 |
| Fundraising events | $13,300 |
| Related organizations | $0 |
| Government grants | $27,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,795 |
| Total Program Service Revenue | $46,493 |
| Investment income | $22,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,621 |
| 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. | $54,706 |
| Compensation of current officers, directors, key employees. | $5,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,683 |
| Pension plan accruals and contributions | $2,918 |
| Other employee benefits | $9,529 |
| Payroll taxes | $8,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,908 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $25 |
| Office expenses | $7,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,975 |
| Insurance | $10,300 |
| All other expenses | $737 |
| Total functional expenses | $241,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,017 |
| Savings and temporary cash investments | $138,681 |
| 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 | $776,792 |
| Investments—publicly traded securities | $572,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,597,915 |
| Accounts payable and accrued expenses | $4,252 |
| 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 | $4,252 |
| 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 | $1,593,663 |
| Total liabilities and net assets/fund balances | $1,597,915 |