Laurel Historical Society Inc
- Assets
- $1.2m
- Revenue
- $134.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Laurel, MD
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 52-1713516
Organization Overview
Laurel Historical Society Inc is located in Laurel, MD. The organization was established in 1991. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Laurel Historical Society Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Historical Society 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 06/2022, Laurel Historical Society Inc generated $134.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $211.3k during the year ending 06/2022. 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
THE MISSION OF THE LAUREL HISTORICAL SOCIETY IS TO ENCOURAGE THE UNDERSTANDING AND PRESERVATION OF THE HISTORY AND CULTURAL HERITAGE OF LAUREL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAUREL HISTORICAL SOCIETY HAD TWO EXHIBITS TO THE PUBLIC: UNPACKING LAURELS PAST: ARTIFACTS TELL THE STORIES, AND WHATS COOKIN, LAUREL? IT ALSO HOSTED A SUMMER CAMP, AND HAD SEVERAL WEBINARS.
PUBLIC PROGRAMMING WAS HELD IN THE FORM OF PROGRAMS THROUGHOUT THE PERIOD ON LAURELS HISTORY OPEN TO THE PUBLIC, AND A SPEAKERS BUREAU PROVIDING CONTENT RICH PROGRAMMING TO GROUPS THROUGHOUT LAUREL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Bennett Executive Director | 40 | $56,890 | |
Monica Sturdivant Assistnat To The Director | Officer | 20 | $21,950 |
Larry Eldridge Director | Trustee | 1 | $0 |
Cheryl Poulos Director | Trustee | 1 | $0 |
Mariam Thakkar Director | Trustee | 1 | $0 |
Robert Mignon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,501 |
| Fundraising events | $2,150 |
| Related organizations | $0 |
| Government grants | $73,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,444 |
| Total Program Service Revenue | $9,567 |
| Investment income | $17,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,623 |
| Grants and other assistance to domestic individuals. | $400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,530 |
| Compensation of current officers, directors, key employees. | $5,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,341 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,049 |
| Payroll taxes | $6,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,339 |
| Fees for services: Lobbying | $1,433 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $60,297 |
| Information technology | $2,463 |
| Royalties | $0 |
| Occupancy | $32,550 |
| Travel | $53 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,200 |
| Insurance | $2,614 |
| All other expenses | $0 |
| Total functional expenses | $211,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,482 |
| Savings and temporary cash investments | $4,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,015 |
| Prepaid expenses and deferred charges | $4,836 |
| Net Land, buildings, and equipment | $1,532 |
| Investments—publicly traded securities | $1,098,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,194,393 |
| Accounts payable and accrued expenses | $4,500 |
| Grants payable | $0 |
| Deferred revenue | $14,195 |
| 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 | $1,505 |
| Total liabilities | $20,200 |
| Net assets without donor restrictions | $990,435 |
| Net assets with donor restrictions | $183,758 |
| 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 | $1,194,393 |