Harbor Springs Area Historical Society
- Assets
- $3.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Harbor Springs, MI
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 38-2934124
Organization Overview
Harbor Springs Area Historical Society is located in Harbor Springs, MI. The organization was established in 1991. 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, Harbor Springs Area Historical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Springs Area 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, Harbor Springs Area Historical Society generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $334.0k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 MISSION OF THE ORGANIZATION IS TO BRING HISTORY TO LIFE IN THE HARBOR SPRINGS AREA. ITS VISION IS TO ENSURE HARBOR SPRINGS AREA TRADITIONS LIVE ON BY CREATING LASTING MEMORIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A HIGH-QUALITY LOCAL HISTORY MUSEUM WHICH INCLUDES PERMANENT EXHIBITS, HANDS-ON ACTIVITIES, CHANGING EXHIBITS, AND GRADE-LEVEL APPROPRIATE EDUCATIONAL PROGRAMS. UTILIZE THE MUSEUM FACILITY TO PRESENT ADDITIONAL OUTSTANDING HISTORY-BASED PROGRAMMING INCLUDING MONTHLY LECTURES, ORAL HISTORY WORKSHOPS, AND EDUCATION PROGRAMS FOR ALL AGES. LASTLY, MAINTAIN AND PRESERVE AN ARCHIVE OF PHOTOGRAPHS, DOCUMENTS AND ARTIFACTS PERTAINING TO HARBOR SPRINGS' HISTORY. THESE PROGRAMS WERE ACCOMPLISHED IN PART BY VOLUNTEER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristyn Balog Exec. Direct | OfficerTrustee | 40 | $67,000 |
Vince Mihalik President | OfficerTrustee | 1.5 | $0 |
Matthew Clarke Vice Preside | OfficerTrustee | 1.5 | $0 |
Matt Parmenter Treasurer | OfficerTrustee | 1.5 | $0 |
Molly Jones 2022 Secreta | OfficerTrustee | 1.5 | $0 |
Jan Mcdonald 2021 Secreta | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,924 |
| All other contributions, gifts, grants, and similar amounts not included above | $821,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $854,014 |
| Total Program Service Revenue | $34,130 |
| Investment income | $2,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $131,661 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,416 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,026,007 |
| 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. | $67,000 |
| Compensation of current officers, directors, key employees. | $3,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,403 |
| Pension plan accruals and contributions | $3,612 |
| Other employee benefits | $17,507 |
| Payroll taxes | -$3,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,029 |
| Advertising and promotion | $6,196 |
| Office expenses | $0 |
| Information technology | $3,634 |
| Royalties | $0 |
| Occupancy | $9,210 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,756 |
| Insurance | $8,287 |
| All other expenses | $0 |
| Total functional expenses | $334,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,337 |
| Savings and temporary cash investments | $478,859 |
| Pledges and grants receivable | $176,210 |
| 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 | $1,950,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,226 |
| Total assets | $3,148,837 |
| Accounts payable and accrued expenses | $4,123 |
| 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 | $4,123 |
| Net assets without donor restrictions | $3,066,639 |
| Net assets with donor restrictions | $78,075 |
| 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 | $3,148,837 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harbor Springs Area Historical Society has recieved totaling $7,251.
| Awarding Organization | Amount |
|---|---|
Laurel Charitable Trust Philadelphia, PA PURPOSE: GENERAL PURPOSE | $4,251 |
Mps Foundation Bloomfield Hills, MI PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Endowment Analysis
| Beg. Balance | $18,646 |
| Earnings | $1,355 |
| Ending Balance | $20,001 |
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 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |
Historical Society Of Michigan Lansing, MI | $2,060,475 | $1,664,694 |
Michigan State Tr For Railway Pres Inc Owosso, MI | $6,031,068 | $2,296,352 |
Historical Society Of Saginaw County Inc Saginaw, MI | $1,645,608 | $1,278,498 |
Stark County Historical Society Canton, OH | $9,332,303 | $1,047,258 |