Hudson Library & Historical Society
- Assets
- $7.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 77
- Location
- Hudson, OH
- Founding
- 06/1924
- Data as of
- 12/2022
- EIN
- 34-6007227
Organization Overview
Hudson Library & Historical Society is located in Hudson, OH. The organization was established in 1924. 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 12/2022, Hudson Library & Historical Society employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Library & 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 12/2022, Hudson Library & Historical Society generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. 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 HUDSON LIBRARY AND HISTORICAL SOCIETY KNOWN FOR ITS COMMITMENT TO INTELLECTUAL FREEDOM SHALL MEET ITS PATRONS' NEEDS IN A TIMELY RESPONSIVE AND DEPENDABLE MANNER. THE HUDSON LIBRARY AND HISTORICAL SOCIETY WILL PROVIDE ACCESS TO INFORMATION ASSIST IN THE PRESERVATION OF COMMUNITY HISTORY AND PROVIDE GENEALOGICAL AND HISTORICAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUDSON LIBRARY AND HISTORICAL SOCIETY IS A COMMUNITY LENDING LIBRARY AND ITS PRIMARY SERVICE IS THE MAINTENANCE AND ADDITION OF RESOURCES FOR THE USE OF ITS SERVICE POPULATION. RESOURCES INCLUDE BOOKS DVD'S CD'S AUDIOBOOKS COMPUTER CLASSES DATABASES ELECTRONIC DEVICES AND PERIODICALS. THE LIBRARY PROVIDES COMPUTERS STUDY ROOMS MEETING ROOMS AND GENERAL AREAS OF RESEARCH. THE HUDSON LIBRARY AND HISTORICAL SOCIETY'S HOLDINGS INCLUDE 250,000 ITEMS. THE BUILDING IS 55,000 SQUARE FEET WITH THE AREA DIVIDED INTO CHILDREN ADULT ARCHIVES TEEN AND POPULAR LIBRARIES. THE LIBRARY CIRCULATED ALMOST 1,100,000 ITEMS IN 2022. THE LIBRARY ALSO PROVIDES NOTARY SERVICES TO PATRONS.
DURING THE YEAR THE HUDSON LIBRARY AND HISTORICAL SOCIETY GIVES OR HOSTS MANY PROGRAMS OF INTEREST TO THE COMMUNITY. AWARD-WINNING AUTHORS COME AND GIVE BOOK TALKS AND THERE ARE MUSICAL AND THEATRICAL PERFORMANCES ALMOST WEEKLY. THE CHILDREN'S DEPARTMENT HAS STORY HOURS OF READING SKILLS KINDERMUSIK OF THE AWARENESS OF THE ARTS AND ANIMAL BUBBLE AND MUSIC SHOWS FOR ENTERTAINMENT. THE LIBRARY PROVIDES MANY PROGRAMS DEDICATED TO ENTREPRENEURIAL AND BUSINESS STUDIES. IN 2022 THE LIBRARY OVER 1,000 PROGRAMS MOSTLY VIRTUAL WITH OVER 33,800 IN TOTAL ATTENDANCE.
THE HISTORICAL SOCIETY DIVISION OF THE LIBRARY IS DEDICATED TO LOCAL HISTORY AND GENEALOGICAL RESEARCH. THE LIBRARY'S ARCHIVES CONTAIN ARTIFACTS PERTAINING TO THE LOCAL HISTORY OF HUDSON AND IS THE DEPOSITORY OF VARIOUS COMMUNITY GROUP'S RECORDS. DATABASE MICROFORM AND PRINT MATERIALS AID PATRONS IN THE RESEARCH OF LOCAL ANCESTORS. THERE IS A FULL-TIME ARCHIVIST TO MAINTAIN THE COLLECTIONS ASSIST IN RESEARCH AND GIVE CLASSES AND INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Basil Musnuff Board President | Trustee | 5 | $0 |
Beverly Dorson Board Trustee | Trustee | 5 | $0 |
Tim Clark Board Trustee | Trustee | 5 | $0 |
Heather Link Board Trustee | Trustee | 5 | $0 |
John Rydquist Board Trustee | Trustee | 5 | $0 |
Danielle Sarver-Coombs Board Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,397,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,566,643 |
| Total Program Service Revenue | $0 |
| Investment income | $125,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400 |
| 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 | -$9,421 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,693,628 |
| 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. | $308,441 |
| Compensation of current officers, directors, key employees. | $308,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,390,301 |
| Pension plan accruals and contributions | $192,148 |
| Other employee benefits | $269,067 |
| Payroll taxes | $18,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,101 |
| Fees for services: Accounting | $6,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,666 |
| Fees for services: Other | $73,723 |
| Advertising and promotion | $11,100 |
| Office expenses | $15,867 |
| Information technology | $175,499 |
| Royalties | $0 |
| Occupancy | $423,147 |
| Travel | $143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,938 |
| Interest | $0 |
| Payments to affiliates | $6,923 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,139 |
| Total functional expenses | $3,773,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,662 |
| Savings and temporary cash investments | $4,907,074 |
| 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 | $0 |
| Investments—publicly traded securities | $2,301,697 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,551,433 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,944,558 |
| Net assets with donor restrictions | $606,875 |
| 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 | $7,551,433 |