Lake County Historical Society
- Assets
- $1.4m
- Revenue
- $352.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Painesville, OH
- Founding
- 12/1960
- Data as of
- 12/2021
- EIN
- 34-0863972
Organization Overview
Lake County Historical Society is located in Painesville, OH. The organization was established in 1960. 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 12/2021, Lake County Historical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake County 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 12/2021, Lake County Historical Society generated $352.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $224.7k during the year ending 12/2021. 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
THE MISSION OF LAKE COUNTY HISTORICAL SOCIETY (LCHS) IS TO USE AVAILABLE RESOURCES TO SUPPORT HISTORICAL K-12 EDUCATION IN LAKE COUNTY, OHIO WHILE CONTINUING TO COLLECT, PRESERVE AND INTERPRET LOCAL HISTORY. ADULT, YOUTH & SPECIAL EVENT PROGRAMMING ARE USED TO ACCOMPLISH THIS MISSION IN THE MUSEUM, RESEARCH LIBRARY & HISTORICAL VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LCHS OPERATES A YEAR ROUND PROGRAM OF YOUTH AND ADULT EDUCATIONAL PROGRAMS, COMMUNITY EVENTS, MUSEUM EXHIBITS, RESEARCH PROJECTS AND COLLECTION AND ARCHIVES DATA MANAGEMENT PROJECTS. YOUTH PRE-SCHOOL TO MIDDLE SCHOOL ATTEND FIELD TRIPS ON SITE IN THE HISTORICAL VILLAGE AND NATIVE AMERICAN SITE, OFF-SITE ON COMMUNITY BASED FIELD TRIPS AND PROGRAMS OFFERED IN THE CLASSROOM CALLED HISTORY TO GO. DURING THE SUMMER AND SCHOOL HOLIDAYS, A VARIETY OF CAMPS AND THEMED PROGRAMS ARE OFFERED. ADULTS ARE SERVICED BY DINNER AND PRESENTATION PROGRAMS (HISTORIC DINE AROUNDS), BUS TOURS, WOMAN'S HISTORY MONTH HISTORIC LUNCHEON, SPEAKER'S BUREAU AND INTERACTIVE PROGRAMS IN ASSISTED LIVING AND NURSING HOMES. COMMUNITY EVENTS FEATURE HISTORIC THEMES, SUCH AS CIVIL WAR ENCAMPMENT, WESTERN RESERVE CLAMBAKE, HOME FOR THE HOLIDAYS AND LAKE COUNTY CHRISTMAS CHURCH BUS TOUR. LCHS CONTINUES ITS COMMITMENT TO REFURBISH THE FORMER LAKE COUNTY HOME INTO THE COUNTY HISTORY CENTER OPENING FIVE NEW EXHIBIT SPACES IN THE LAST TWO YEARS. COLLECTION MANAGEMENT HAS MADE GREAT STRIDES IN DIGITIZING ALL PHOTOGRAPHIC IMAGES, ENTERING ALL GENEALOGY DATA, AND ENTERING ALL MANUSCRIPT REFERENCES IN THE LCHS LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Guynn-Kapostasy Executive Di | Officer | 40 | $54,970 |
Daphne Miller Secretary/tr | OfficerTrustee | 12 | $0 |
Mike Mohner Past Board P | OfficerTrustee | 6 | $0 |
David Phares Vice Preside | OfficerTrustee | 4 | $0 |
Merle Walker Board Presid | OfficerTrustee | 6 | $0 |
Jack Warren Secr/treasur | OfficerTrustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,340 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,485 |
| Total Program Service Revenue | $23,417 |
| Investment income | $3,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,534 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,204 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,239 |
| 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. | $54,970 |
| Compensation of current officers, directors, key employees. | $16,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,291 |
| Fees for services: Other | $1,036 |
| Advertising and promotion | $16,859 |
| Office expenses | $7,037 |
| Information technology | $7,566 |
| Royalties | $0 |
| Occupancy | $44,230 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $301 |
| Interest | $9,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,301 |
| Insurance | $8,406 |
| All other expenses | $34 |
| Total functional expenses | $224,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,990 |
| Savings and temporary cash investments | $131,599 |
| 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 | $1,133,350 |
| Investments—publicly traded securities | $2,310 |
| Investments—other securities | $0 |
| Investments—program-related | $23,008 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,391,257 |
| Accounts payable and accrued expenses | $8,351 |
| 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 | $213,634 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,675 |
| Total liabilities | $226,660 |
| Net assets without donor restrictions | $1,115,829 |
| Net assets with donor restrictions | $48,768 |
| 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 | $1,391,257 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake County Historical Society has recieved totaling $1,043.
| Awarding Organization | Amount |
|---|---|
Vogt Foundation Ada, MI PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Endowment Analysis
| Beg. Balance | $20,502 |
| Earnings | $2,755 |
| Other Expense | $250 |
| Ending Balance | $23,008 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Mark Foundation East Lansing, MI | $12,066,077 | $372,589 |
Detroit Historical Society Detroit, MI | $8,852,742 | $2,440,000 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
The Flagship Niagara League Erie, PA | $891,920 | $1,486,616 |