Milford Area Historical Society Inc
- Assets
- $1.3m
- Revenue
- $267.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Milford, OH
- Founding
- 11/1972
- Data as of
- 12/2021
- EIN
- 31-1009491
Organization Overview
Milford Area Historical Society Inc, operating under the name Promont, is located in Milford, OH. The organization was established in 1972. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Promont employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Promont 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 12/2021, Promont generated $267.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $106.2k during the year ending 12/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND CONSERVE MILFORD HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMONT HOUSE MUSEUM IS AN 1865 ITALIANATE BUILDING ON THE NATIONAL HISTORIC REGISTER. THE HOUSE IS OPEN 3 DAYS PER WEEK FOR GUIDED TOURS AND OTHER DAYS FOR SPECIAL EVENTS. TRAINED DOCENTS GUIDE THESE TOURS. APPROXIMATELY 2000 PEOPLE PER YEAR TOUR THE HOUSE.
PROMONT MAINTAINS A LIBRARY OPEN TO THE PUBLIC. BY REQUEST, HISTORICAL DOCUMENTS AND BOOKS ARE AVAILABLE FOR RESEARCH. THE SOCIETY HAS PUBLISHED 2 HISTORICAL VOLUMES. THE SOCIETY ALSO PUBLISHES A QUARTERLY NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Radabaugh President | Officer | 5 | $0 |
Mary Nyktas Secretary | Officer | 5 | $0 |
Amy Pritts Vice President | Officer | 5 | $0 |
Chris Adams Treasurer | Officer | 5 | $0 |
Dianna Davis Board Member | Trustee | 1 | $0 |
Carolyn Nicholson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,381 |
| Fundraising events | $3,192 |
| Related organizations | $0 |
| Government grants | $11,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,709 |
| Total Program Service Revenue | $49,528 |
| Investment income | $177,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,098 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,462 |
| 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 | $37,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,120 |
| Office expenses | $11,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,084 |
| Travel | $0 |
| 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 | $2,580 |
| Insurance | $6,978 |
| All other expenses | $874 |
| Total functional expenses | $106,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,754 |
| 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 | $5,700 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $86,899 |
| Investments—publicly traded securities | $1,012,637 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,899 |
| Total assets | $1,280,889 |
| Accounts payable and accrued expenses | $99 |
| 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 | $99 |
| Net assets without donor restrictions | $1,265,013 |
| Net assets with donor restrictions | $15,777 |
| 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 | $1,280,889 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milford Area Historical Society Inc has recieved totaling $27.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Western Reserve Historical Society Cleveland, OH | $45,747,344 | $9,269,565 |
Stan Hywet Hall & Gardens Inc Akron, OH | $11,720,685 | $5,111,685 |
Eastern State Penitentiary Historic Site Inc Philadelphia, PA | $22,218,980 | $7,181,696 |
Arlington Memorial Gardens Assoc Inc Cincinnati, OH | $20,107,883 | $6,307,939 |
Hudson Library & Historical Society Hudson, OH | $7,551,433 | $4,693,628 |