New Castle Historical Society
- Assets
- $1.7m
- Revenue
- $271.5k
- Investments
- $0.0
- Employees
- 12
- Location
- New Castle, DE
- Founding
- 06/1942
- Data as of
- 12/2021
- EIN
- 51-0072188
Organization Overview
New Castle Historical Society is located in New Castle, DE. The organization was established in 1942. 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, New Castle Historical Society employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Castle 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, New Castle Historical Society generated $271.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $332.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND PROMOTE THE HISTORY OF NEW CASTLE, DELAWARE. TO PRESERVE AND ENTHUSIASTICALLY PROMOTE AWARENESS OF OUR NEW CASTLE HISTORY AND TREASURES TO ITS MEMBERS, CITIZENS, AND VISITORS; AND TO SUPPORT THE PRESERVATION OF HISTORICAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW CASTLE HISTORICAL SOCIETY OPERATES FOUR HISTORY MUSEUMS-THE AMSTEL HOUSE, THE DUTCH HOUSE, THE OLD LIBRARY MUSEUM, AND THE ARSENAL. THE MUSEUMS ARE OPEN TO THE PUBLIC THROUGHOUT THE YEAR. THE MUSEUMS OFFER SPECIAL TOURS FOR ELEMENTARY, HIGH SCHOOL, AND COLLEGE STUDENTS. THE SOCIETY ALSO EDUCATES THE PUBLIC ABOUT THE HISTORY OF NEW CASTLE THROUGH EXHIBITS, PROGRAMS, CONCERTS, LECTURES, AND PUBLICATIONS. OUR COLLECTIONS AND ARCHIVES ARE AVAILABLE TO RESEARCHERS INTERESTED IN DEVELOPING A DEEPER UNDERSTANDING OF NEW CASTLE'S RICH HERITAGE. THE NEW CASTLE HISTORICAL SOCIETY PROMOTES HISTORICAL AWARENESS AND ENCOURAGES THE PRESERVATION OF HISTORICAL ARCHITECTURE, ARCHAELOGICAL RESOURCES, AND THE MATERIAL CULTURE OF NEW CASTLE, DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Connolly Excecutive D | Officer | 40 | $56,100 |
Kaitlyn Laws Vice Preside | OfficerTrustee | 2 | $0 |
Laura L Fontana Treasurer | OfficerTrustee | 2 | $0 |
John P Garniewski Jr President | OfficerTrustee | 2 | $0 |
Mark Batty Board Member | Trustee | 1 | $0 |
Richard R Cooch Nominating C | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,238 |
| Fundraising events | $13,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,995 |
| Total Program Service Revenue | $6,393 |
| Investment income | $19,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,725 |
| Net Gain/Loss on Asset Sales | $976 |
| Net Income from Fundraising Events | $24,272 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,707 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,481 |
| 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. | $56,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,779 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,755 |
| Insurance | $21,329 |
| All other expenses | -$1,300 |
| Total functional expenses | $332,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775 |
| Savings and temporary cash investments | $101,421 |
| Pledges and grants receivable | $500 |
| Accounts receivable, net | $2,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,175 |
| Prepaid expenses and deferred charges | $14,255 |
| Net Land, buildings, and equipment | $570,189 |
| Investments—publicly traded securities | $1,025,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,719,358 |
| Accounts payable and accrued expenses | $17,178 |
| 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 | $58,054 |
| Total liabilities | $75,232 |
| Net assets without donor restrictions | $1,393,691 |
| Net assets with donor restrictions | $250,435 |
| 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 | $1,719,358 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Castle Historical Society has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Trustees Of New Castle Common New Castle, DE PURPOSE: TO PRESERVE AND ENHANCE THE ASSETS OF THE TRUST FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. | $13,642 |
Choptank Foundation Wilmington, DE PURPOSE: TO SUPPORT THE CONSERVATION OF A 17TH CENTURY DUTCH STILL LIFE | $5,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Endowment Analysis
| Beg. Balance | $918,154 |
| Earnings | $109,872 |
| Admin Expense | $2,397 |
| Other Expense | $141 |
| Ending Balance | $1,025,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |
Historic Morven Inc Princeton, NJ | $24,966,023 | $2,239,709 |
Jewish Museum Of Maryland Inc Baltimore, MD | $10,449,720 | $1,816,482 |
The Flagship Niagara League Erie, PA | $891,920 | $1,486,616 |
Society For The Preservation Of Maryland Antiquities Baltimore, MD | $15,413,425 | $2,795,818 |
Chester County Historical Society West Chester, PA | $11,285,683 | $1,489,670 |
Johnstown Area Heritage Association Johnstown, PA | $7,860,133 | $1,232,153 |
New York Susquehanna & Western Technical & Historical Society Inc Rochelle Park, NJ | $1,981,630 | $2,086,893 |