Great Lakes Historical Society
- Assets
- $6.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Toledo, OH
- Founding
- 02/1953
- Data as of
- 12/2021
- EIN
- 34-6549217
Organization Overview
Great Lakes Historical Society is located in Toledo, OH. The organization was established in 1953. 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, Great Lakes Historical Society employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes 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, Great Lakes Historical Society generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.0m 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 GREAT LAKES HISTORICAL SOCIETY IS DEDICATED TO THE PRESERVATION OF GREAT LAKES HISTORY. THE ORGANIZATION OPERATES THE NATIONAL MUSEUM OF THE GREAT LAKES AND THE CLARENCE S. METCALF MARITIME RESEARCH LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THE NATIONAL MUSEUM OF THE GREAT LAKES IN TOLEDO, OHIO THAT HAS ARTIFACTS AND EXHIBITS ABOUT THE GREAT LAKES. THE ORGANIZATION EDUCATED THE PUBLIC THROUGH ITS MARITIME RESEARCH LIBRARY, EVENTS AND PUBLICATIONS SUCH AS ITS QUARTERLY INLAND SEAS JOURNAL. THE MUSEUM INCLUDES A FREIGHTER THAT WAS RENOVATED AS PART OF THE NEW MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Gillcrist Executive Director | Officer | 40 | $99,600 |
Mark Barker Chairman | OfficerTrustee | 10 | $0 |
Elaine Canning Treasurer | OfficerTrustee | 1 | $0 |
Paul Lamarre III Vice Chair | OfficerTrustee | 1 | $0 |
Adam Schoesler Asst. Treasurer | OfficerTrustee | 1 | $0 |
James R Gerish Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $134,020 |
| Fundraising events | $139,182 |
| Related organizations | $0 |
| Government grants | $79,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $988,656 |
| Noncash contributions included in lines 1a–1f | $20,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,341,436 |
| Total Program Service Revenue | $210,209 |
| Investment income | $35,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,896 |
| Net Income from Fundraising Events | $57,096 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,033 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,839,205 |
| 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. | $99,600 |
| Compensation of current officers, directors, key employees. | $19,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,244 |
| Payroll taxes | $33,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,123 |
| Advertising and promotion | $18,442 |
| Office expenses | $14,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,603 |
| Travel | $9,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,407 |
| Interest | $11,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,658 |
| Insurance | $40,141 |
| All other expenses | $32,649 |
| Total functional expenses | $1,037,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $705,881 |
| 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 | $12,933 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,777,849 |
| Investments—publicly traded securities | $1,686,519 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,483 |
| Total assets | $6,779,788 |
| Accounts payable and accrued expenses | $89,241 |
| Grants payable | $0 |
| Deferred revenue | $60,683 |
| 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 | $310,429 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $460,353 |
| Net assets without donor restrictions | $5,548,713 |
| Net assets with donor restrictions | $770,722 |
| 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 | $6,779,788 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Great Lakes Historical Society has recieved totaling $43,671.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Toledo Community Foundation Toledo, OH PURPOSE: GENERAL SUPPORT, H2OH FUNDRAISER, 2021 H2OH! FUNDRAISER, 2021 ANNUAL GIFT | $10,600 |
Frederick W And Janet P Dorn Foundation Cleveland, OH PURPOSE: GENERAL OPERATING PURPOSES | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Endowment Analysis
| Beg. Balance | $1,438,731 |
| Earnings | $265,343 |
| Admin Expense | $8,032 |
| Ending Balance | $1,696,042 |
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 |