Mchenry County Historical Society
- Assets
- $7.3m
- Revenue
- $433.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Union, IL
- Founding
- 10/1965
- Data as of
- 06/2022
- EIN
- 36-6124793
Organization Overview
Mchenry County Historical Society is located in Union, IL. The organization was established in 1965. 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 06/2022, Mchenry County Historical Society employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mchenry 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 06/2022, Mchenry County Historical Society generated $433.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $408.3k during the year ending 06/2022. 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
HISTORY MUSEUM OF MCHENRY COUNTY, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND MAINTAIN HISTORICAL HERITAGE OF MCHENRY COUNTY, ILLINOIS THROUGH PRESERVATION OF ARTIFACTS, PROVIDING EDUCATION AND INFORMATION TO STUDENTS AND CITIZENS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Parks President | OfficerTrustee | 1 | $0 |
Bob Frenz Vice Preside | OfficerTrustee | 1 | $0 |
Molly Walsh Treasurer | OfficerTrustee | 1 | $0 |
Nancy L Baker Director | Trustee | 1 | $0 |
Debra Perkins Silker Director | Trustee | 1 | $0 |
Geri Alten Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,551 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,377 |
| Total Program Service Revenue | $35,407 |
| Investment income | $282,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,208 |
| 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 | $194,821 |
| Pension plan accruals and contributions | $12,561 |
| Other employee benefits | $5,586 |
| Payroll taxes | $16,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,547 |
| Fees for services: Accounting | $5,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,748 |
| Office expenses | $11,694 |
| Information technology | $5,913 |
| Royalties | $0 |
| Occupancy | $28,150 |
| Travel | $1,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,492 |
| Interest | $70 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,239 |
| Insurance | $15,370 |
| All other expenses | $17,473 |
| Total functional expenses | $408,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,519 |
| Savings and temporary cash investments | $494,845 |
| 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 | $10,844 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $564,001 |
| Investments—publicly traded securities | $2,261,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,813,403 |
| Total assets | $7,331,703 |
| Accounts payable and accrued expenses | $5,851 |
| Grants payable | $0 |
| Deferred revenue | $11,298 |
| 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 | $17,149 |
| Net assets without donor restrictions | $3,476,848 |
| Net assets with donor restrictions | $3,837,706 |
| 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 | $7,331,703 |
Endowment Analysis
| Beg. Balance | $6,674,383 |
| Earnings | -$971,422 |
| Admin Expense | $18,351 |
| Ending Balance | $5,684,610 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Truck Historical Society Kansas City, MO | $4,869,322 | $1,570,216 |
Two Rivers Historical Society Two Rivers, WI | $1,166,797 | $640,666 |
Naperville Heritage Society Naperville, IL | $6,253,015 | $1,941,330 |