Historic Takoma Inc
- Assets
- $698.4k
- Revenue
- $115.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Takoma Park, MD
- Founding
- 04/1981
- Data as of
- 12/2022
- EIN
- 52-1146960
Organization Overview
Historic Takoma Inc is located in Takoma Park, MD. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Takoma Inc 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 12/2022, Historic Takoma Inc generated $115.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $108.3k during the year ending 12/2022. 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
HISTORIC TAKOMA IN A NON-PROFIT, ALL VOLUNTEER ORGANIZATION DEDICATED TO PRESERVING AND EXPLORING THE HISTORY AND CULTURE OF TAKOMA PARK, MD AND TAKOMA PARK, DC THROUGH EDUCATION, COLLECTING AND MAINTAINING ARCHIVES, COLLECTING ORAL HISTORIES, AND ADVOCATING FOR PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS AND EVENTS DESIGNED TO EDUCATE THE PUBLIC AND PROMOTE LOCAL HISTORY AND CULTURE. ACTIVITIES INCLUDE LECTURES, WORKSHOPS, WALKING TOURS, AND EXHIBITS/DISPLAYS. HISTORIC TAKOMA MAINTAINS A PUBLIC READING ROOM TO ALLOW REGULAR PUBLIC ACCESS TO REFERENCE MATERIALS AND ARCHIVAL COLLECTIONS.
HISTORIC TAKOMA MAINTAINS AN EXTENSIVE ARCHIVAL COLLECTION OF DOCUMENTS, IMAGES, POSTERS, RECORDINGS, AND OBJECTS RELATED TO THE HISTORY AND CULTURE OF THE TAKOMA PARK COMMUNITY. ONGOING ACTIVITY INCLUDES PROCESSING AND CATALOGING MATERIALS, REHOUSING FRAGILE ITEMS, DIGITIZING FRAGILE AND HIGH VALUE ITEMS, AND CREATING AN ONLINE COLLECTION CATALOG FOR COMMUNITY ACCESS TO THE COLLECTIONS.
TAKOMA RADIO, WOWD-LP, 94.3 FM, PROVIDES A SOURCE OF LIVE LOCAL INFORMATION PRESENTED BY LOCAL PEOPLE SHARING STORIES AND MUSIC OF OUR COMMUNITY. IT INCLUDES ARCHIVAL SOUNDS AND STORIES FROM HISTORIC TAKOMA AND CONTEMPORARY MATERIAL REPRESENTING THE DIVERSITY OF THE TAKOMA COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard O'connor Board Member | Trustee | 1 | $0 |
Ashley Flory Board Member | Trustee | 1 | $0 |
Marika Partridge Board Member | Trustee | 1 | $0 |
Susan Schreiber Board Member | Trustee | 2 | $0 |
Jim Douglas Board Member | Trustee | 30 | $0 |
Joan Francis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,507 |
| Noncash contributions included in lines 1a–1f | $549 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,907 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $176 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $382 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,465 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $50,040 |
| Fees for services: Legal | $2,754 |
| 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 | $15,258 |
| Advertising and promotion | $850 |
| Office expenses | $8,596 |
| Information technology | $1,555 |
| Royalties | $0 |
| Occupancy | $5,750 |
| 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 | $0 |
| Insurance | $4,251 |
| All other expenses | $2,729 |
| Total functional expenses | $108,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,052 |
| Savings and temporary cash investments | $15,025 |
| Pledges and grants receivable | $0 |
| 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 | $462,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $698,365 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $698,365 |
| Net assets with donor restrictions | $0 |
| 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 | $698,365 |