Detroit Historical Society
- Assets
- $6.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 90
- Location
- Detroit, MI
- Founding
- 10/1955
- Data as of
- 06/2022
- EIN
- 38-1381144
Organization Overview
Detroit Historical Society is located in Detroit, MI. The organization was established in 1955. 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 06/2023, Detroit Historical Society employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit 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, Detroit Historical Society generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $4.9m 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
THE DETROIT HISTORICAL SOCIETY TELLS DETROIT'S STORIES AND WHY THEY MATTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND OVERSIGHT OF THE DETROIT HISTORICAL MUSEUM AND DOSSIN GREAT LAKES MUSEUM - THE DETROIT HISTORICAL MUSEUMS PROVIDE OPPORTUNITIES FOR INDIVIDUALS OF ALL AGES TO EXPERIENCE A VARIETY OF HISTORICAL STORIES AND ARTIFACTS. THE DETROIT HISTORICAL MUSEUM IS OPEN FIVE DAYS PER WEEK, 52 WEEKS PER YEAR. THE DOSSIN GREAT LAKES MUSEUM IS OPEN THREE DAYS PER WEEK FOR 28 WEEKS PER YEAR AND FIVE DAYS PER WEEK FOR 24 WEEKS PER YEAR. BOTH MUSEUMS ARE OPEN FOR PRIVATE TOURS ON DAYS THEY ARE NOT OPEN TO THE PUBLIC. TOGETHER, THE MUSEUMS SERVE MORE THAN 180,000 PEOPLE ANNUALLY.
PUBLIC PROGRAMS - THE DETROIT HISTORICAL MUSEUMS' GOAL IS TO OFFER OPPORTUNITIES FOR CONSTITUENTS TO GO IN-DEPTH ON CERTAIN HISTORICAL TOPICS, EITHER THROUGH LECTURES, WORKSHOPS, FILMS, OR TOURS. THE ORGANIZATION HOSTS APPROXIMATELY 30 COMMUNITY TOURS ANNUALLY AND APPROXIMATELY 25 IN-MUSEUM PROGRAMS. GENERALLY, THESE PROGRAMS ARE TARGETED AT ADULTS AND SENIORS; HOWEVER, THERE ARE SPECIAL EVENTS AND PROGRAMS THROUGHOUT THE YEAR AIMED AT STUDENTS AND FAMILIES. THE AVERAGE COMMUNITY TOUR ATTENDANCE IS 30 PEOPLE, AND THE AVERAGE IN-MUSEUM PROGRAM ATTRACTS 40 INDIVIDUALS.
MAINTAINING MORE THAN 300,000 ARTIFACTS IN THE CITY OF DETROIT'S COLLECTION, THE DETROIT HISTORICAL SOCIETY ENSURES THE CONSERVATION AND PRESERVATION OF ARTIFACTS RELATED TO THE HISTORY OF THE PEOPLE, PLACES, AND EVENTS CRITICAL TO THE CITY OF DETROIT'S HISTORY. A TEAM OF STAFF, INTERNS, AND VOLUNTEERS IS WORKING TO DIGITIZE ASPECTS OF THE COLLECTION AND PLACE THE INFORMATION ONLINE. EVEN WITH THE ABATEMENT OF COVID-19, THE APPETITE FOR DIGITAL CONTENT CONTINUES, AND THE ORGANIZATION IS NOW FOCUSED ON DIGITIZATION AS A WAY TO INCREASE ACCESSIBILITY TO THESE ARTIFACTS FOR THOSE THAT CANNOT COME TO THE MUSEUMS. THE ORGANIZATION CONTINUES TO RECEIVE SEVERAL THOUSAND ITEMS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Decker Chair | OfficerTrustee | 1 | $0 |
Linda Schlesinger-Wagner First Vice-Chair | OfficerTrustee | 1 | $0 |
Mark Albrecht Second Vice-Chair | OfficerTrustee | 1 | $0 |
Greg Nowak Treasurer | OfficerTrustee | 1 | $0 |
Dante Stella Secretary | OfficerTrustee | 1 | $0 |
Thomas Buhl Immediate Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $100,264 |
| Fundraising events | $260,517 |
| Related organizations | $0 |
| Government grants | $1,554,901 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,964,239 |
| Noncash contributions included in lines 1a–1f | $38,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,879,921 |
| Total Program Service Revenue | $319,262 |
| Investment income | $39,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $142,433 |
| Net Gain/Loss on Asset Sales | $107,350 |
| Net Income from Fundraising Events | -$35,573 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,666 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,585,280 |
| 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. | $215,257 |
| Compensation of current officers, directors, key employees. | $111,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,829,086 |
| Pension plan accruals and contributions | $15,087 |
| Other employee benefits | $175,748 |
| Payroll taxes | $156,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,575 |
| Fees for services: Lobbying | $42,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $709,086 |
| Advertising and promotion | $0 |
| Office expenses | $118,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,884 |
| Travel | $20,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $672,021 |
| Insurance | $39,650 |
| All other expenses | $84,370 |
| Total functional expenses | $4,914,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $756,790 |
| 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 | $176,726 |
| Prepaid expenses and deferred charges | $59,330 |
| Net Land, buildings, and equipment | $3,968,353 |
| Investments—publicly traded securities | $1,390,227 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,471,527 |
| Accounts payable and accrued expenses | $251,744 |
| Grants payable | $0 |
| Deferred revenue | $57,339 |
| 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 | $439,300 |
| Other liabilities | $0 |
| Total liabilities | $748,383 |
| Net assets without donor restrictions | $4,868,234 |
| Net assets with donor restrictions | $854,910 |
| 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 | $6,471,527 |