Maryland Historical Society
- Assets
- $39.0m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 44
- Location
- Baltimore, MD
- Founding
- 07/1926
- Data as of
- 06/2022
- EIN
- 52-0403670
Organization Overview
Maryland Historical Society, operating under the name The Maryland Center For History And Culture, is located in Baltimore, MD. The organization was established in 1926. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Maryland Center For History And Culture employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Center For History And Culture 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, Maryland Center For History And Culture generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 5.4% 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.
Since 2020, Maryland Center For History And Culture has awarded 51 individual grants totaling $505,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MARYLAND HISTORICAL SOCIETY SERVES THE PEOPLE OF MARYLAND, AND THOSE INTERESTED IN MARYLAND HISTORY, THROUGH STEWARDSHIP OF COMPREHENSIVE LIBRARY AND MUSEUM COLLECTIONS THAT ARE CENTRAL TO THE STATE'S HISTORY, BY PROMOTING SCHOLARSHIP THROUGH PUBLICATIONS AND BY PROVIDING EDUCATIONAL SERVICES AT ITS OWN CAMPUS AND THROUGHOUT THE STATE.
Describe the Organization's Program Activity:
GALLERY AND MUSEUM - DISPLAYS AND TOURS WHICH HELP TO EDUCATE THE GENERAL PUBLIC ON CERTAIN HISTORICAL ARTIFACTS AND EVENTS AS THEY RELATE TO MARYLAND HISTORY.
EDUCATION - EXPENDITURES FOR TOUR GUIDES, OUTREACH PROGRAMS, AND LECTURES WHICH PROMOTE EDUCATION OF MARYLAND HISTORY.
LIBRARY - BOOKS, PERIODICALS, PRINTS AND PHOTOGRAPHS WHICH HELP TO EDUCATE THE GENERAL PUBLIC ABOUT MARYLAND HISTORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton R Daly Chair | OfficerTrustee | 1 | $0 |
John Banes First Vice Chair | OfficerTrustee | 1 | $0 |
Robert Hopkins Treasurer | OfficerTrustee | 1 | $0 |
Lynn Springer Roberts Secretary | OfficerTrustee | 1 | $0 |
Andrew M Brooks Vice Chair | OfficerTrustee | 1 | $0 |
Eleanor M Carey Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $665,008 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $405,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,964,539 |
| Noncash contributions included in lines 1a–1f | $506,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,034,929 |
| Total Program Service Revenue | $90,210 |
| Investment income | $813,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,225 |
| Net Rental Income | $73,599 |
| Net Gain/Loss on Asset Sales | $1,209,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,016 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,231,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $193,451 |
| 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. | $249,890 |
| Compensation of current officers, directors, key employees. | $37,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,850,976 |
| Pension plan accruals and contributions | $54,310 |
| Other employee benefits | $173,166 |
| Payroll taxes | $152,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,371 |
| Fees for services: Accounting | $28,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $166,338 |
| Fees for services: Other | $378,282 |
| Advertising and promotion | $7,056 |
| Office expenses | $37,544 |
| Information technology | $185,771 |
| Royalties | $0 |
| Occupancy | $420,575 |
| Travel | $12,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,099 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,418 |
| Insurance | $74,107 |
| All other expenses | $43,223 |
| Total functional expenses | $5,521,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,004,228 |
| 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 | $71,904 |
| Prepaid expenses and deferred charges | $13,275 |
| Net Land, buildings, and equipment | $12,671,630 |
| Investments—publicly traded securities | $24,951,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,794 |
| Other assets | $177,290 |
| Total assets | $38,986,676 |
| Accounts payable and accrued expenses | $475,208 |
| Grants payable | $0 |
| Deferred revenue | $174,617 |
| 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 | $649,825 |
| Net assets without donor restrictions | $14,606,774 |
| Net assets with donor restrictions | $23,730,077 |
| 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 | $38,986,676 |
Grants Awarded
Over the last fiscal year, Maryland Historical Society has awarded $190,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF HISTORICAL CHERRY HILL AUMP PURPOSE: FY 2021 MILER FUND GRANT | $10,000 |
HISTORIC HAMPTON INC PURPOSE: FY 2021 MILLER FUND GRANT | $7,500 |
ADKINS ARBORETUM PURPOSE: FY 2021 MILLER FUND GRANT | $10,000 |
CATOCTIN FURNACE HISTORICAL SOCIETY INC PURPOSE: FY 2021 MILLER FUND GRANT | $10,000 |
PRIDE OF BALTIMORE INC PURPOSE: FY 2021 MILLER FUND GRANT | $9,000 |
MARYLAND LYNCHING MEMORIAL PROJECT INC PURPOSE: FY 2021 MILLER FUND GRANT | $10,000 |