The Illinois State Historical Society
- Assets
- $2.7m
- Revenue
- $274.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Springfield, IL
- Founding
- 07/1947
- Data as of
- 12/2022
- EIN
- 37-0767410
Organization Overview
The Illinois State Historical Society is located in Springfield, IL. The organization was established in 1947. 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 12/2022, Illinois State Historical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois State 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, Illinois State Historical Society generated $274.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $398.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING AND SUPPORT SERVICES IN RELATION TO THE RESEARCH AND DEVELOPMENT OF HISTORICAL INFORMATION REGARDING THE STATE OF ILLINOIS HISTORY.
Describe the Organization's Program Activity:
FUNDING FOR THE FOLLOWING PROJECTS: HISTORICAL MARKERS
LIBRARY ACQUISITIONS, RESEARCH, HISTORICAL LITERATURE, SOCIETY MEETINGS, SCHOOL SERVICES PROGRAMS, SCHOLARSHIPS, PUBLICATIONS OF HISTORICAL PIECES AND OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Furry Executive Dir. | Officer | 40 | $78,213 |
Dan Monroe President | Trustee | 1 | $0 |
John Hallwas Vice President | Trustee | 1 | $0 |
Ty Rohrer Treasurer | Trustee | 1 | $0 |
William P Shannon IV Secretary | Trustee | 1 | $0 |
Brian Mullgardt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $65,116 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,755 |
| Total Program Service Revenue | $18,965 |
| Investment income | $46,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,657 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,511 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,213 |
| Compensation of current officers, directors, key employees. | $78,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,818 |
| Pension plan accruals and contributions | $5,466 |
| Other employee benefits | $0 |
| Payroll taxes | $11,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $6,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,031 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,396 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450 |
| Insurance | $5,760 |
| All other expenses | $1,957 |
| Total functional expenses | $398,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,436 |
| Savings and temporary cash investments | $102,069 |
| 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 | $999 |
| Net Land, buildings, and equipment | $1,538 |
| Investments—publicly traded securities | $1,837,639 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $648,601 |
| Total assets | $2,700,282 |
| Accounts payable and accrued expenses | $1,272 |
| Grants payable | $0 |
| Deferred revenue | $48,786 |
| 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 | $530,554 |
| Total liabilities | $580,612 |
| Net assets without donor restrictions | $1,855,914 |
| Net assets with donor restrictions | $263,756 |
| 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 | $2,700,282 |