Troy Historical Society
- Assets
- $635.6k
- Revenue
- $864.8k
- Investments
- $396.8k
- Employees
- 16
- Location
- Troy, MI
- Founding
- 08/1966
- Data as of
- 06/2022
- EIN
- 38-6116182
Organization Overview
Troy Historical Society, operating under the name Troy Historic Village, is located in Troy, MI. The organization was established in 1966. 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, Troy Historic Village employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy Historic Village 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, Troy Historic Village generated $864.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $477.8k during the year ending 06/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TROY HISTORICAL SOCIETYS MISSION IS TO ENGAGE THE COMMUNITY AND ENABLE LIFE-LONG EXPLORATION OF HISTORY BY SHARING AND PRESERVING ITS STORIES, ARTIFACTS, AND BUILDINGS THROUGH CREATIVE, MEANINGFUL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TROY HISTORICAL SOCIETY DEVELOPS AND OFFERES HISTORY-RELATED PUBLIC EDUCATION PROGRAMS TO CHILDREN AND FAMILIES, SCHOOL FIELDTRIPS, AND SENIOR CITIZENS. THESE PROGRAMS ARE TYPICALLY GROUP TAUGHT AND ALIGN WITH THE ORGANIZATIONS MISSION.
TROY HISTORICAL SOCIETY HAS AN AGREEMENT WITH THE CITY OF TROY, MICHIGAN, TO OPERATE, MANAGE, AND USE THE TROY HISTORIC VILLAGE AND ITS BUILDING FOR THE PURPOSE OF THE ORGANIZATIONS MISSION. THE ORGANIZATION CHARGES ADMISSION IN CONJUNCTION WITH VIEWING THE TROY HISTORIC VILLAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Nowosatko V Pres And Trustee | 2 | $5,982 | |
John Lavender Trustee | OfficerTrustee | 2 | $0 |
Padma Kuppa Pres And Trustee | OfficerTrustee | 2.5 | $0 |
Cynthia Stewart Secret And Trustee | OfficerTrustee | 2 | $0 |
Howard Adams Trustee | Trustee | 1 | $0 |
Barbara Chambers Trustee | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,805 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $669,995 |
| Total Program Service Revenue | $146,709 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,639 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,439 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,733 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $864,800 |
| 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 | $333,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,183 |
| Fees for services: Management | $61,935 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,654 |
| Office expenses | $23,473 |
| Information technology | $13,907 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $493 |
| 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 | $593 |
| Insurance | $4,258 |
| All other expenses | $0 |
| Total functional expenses | $477,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,853 |
| Accounts receivable, net | $9,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,982 |
| Prepaid expenses and deferred charges | $3,273 |
| Net Land, buildings, and equipment | $1,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $396,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $635,623 |
| Accounts payable and accrued expenses | $17,410 |
| Grants payable | $0 |
| Deferred revenue | $33,308 |
| 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 | $7,000 |
| Total liabilities | $57,718 |
| Net assets without donor restrictions | $565,552 |
| Net assets with donor restrictions | $11,853 |
| 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 | $635,623 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Troy Historical Society has recieved totaling $9,762.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO TROY HISTORICAL SOCIETY AS PART OF ROUND 6 OF THE DETROIT ARTS SUPPORT (DAS) INITIATIVE, WHICH PROVIDES UNRESTRICTED SUPPORT TO ARTS AND CULTURE ORGANIZATIONS OF ALL DISCIPLINES AND SIZES ACROSS THE METROPOLITAN DETROIT AREA. | $5,000 |
Phillip And Elizabeth Filmer Memorial Charitable Trust Detroit, MI PURPOSE: SUPPORT FOR DAILY OPERATION | $4,000 |
Allison Family Foundation Troy, MI PURPOSE: GENERAL SUPPORT | $650 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
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 |