The Historical Society Of Topsail Island North Carolina
- Assets
- $876.6k
- Revenue
- $308.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Topsail Beach, NC
- Founding
- 10/1986
- Data as of
- 05/2022
- EIN
- 56-1501496
Organization Overview
The Historical Society Of Topsail Island North Carolina is located in Topsail Beach, NC. The organization was established in 1986. 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 05/2022, Historical Society Of Topsail Island North Carolina employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historical Society Of Topsail Island North Carolina 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 05/2022, Historical Society Of Topsail Island North Carolina generated $308.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $165.2k during the year ending 05/2022. While expenses have increased by 0.5% 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
THE HISTORICAL SOCIETY OF TOPSAIL ISLAND IS DEDICATED TO THE COLLECTION, PRESERVATION AND PROMOTION OF THE HISTORY OF THE GREATER TOPSAIL ISLAND AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS - MISSLES AND MORE MUSEUM, A MUSEUM DEDICATED TO THE PRESERVATION OF THE HISTORY ASSOCIATED WITH THE GREATER TOPSAIL AREA
ASSEMBLY BUILDING - PRESERVING AND IMPROVING THE HISTORIC ASSEMBLY BUILDING, ON THE NATIONAL REGISTER OF HISTORIC PLACES, FINANCIALLY SUPPORTED BY RENTAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine Stidley Museum Direc | Trustee | 13 | $14,343 |
Stella Spera Events Sched | Trustee | 6 | $5,911 |
Richard Stidley Facility Man | Trustee | 6 | $4,215 |
John Morris President | Officer | $0 | |
Albert Meyer Vice Preside | Officer | $0 | |
Bobbie Morrison Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,481 |
| Total Program Service Revenue | $58,049 |
| Investment income | $5,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,031 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $106,208 |
| Net Income from Gaming Activities | $23,347 |
| Net Income from Sales of Inventory | $13,912 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,619 |
| 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. | $24,469 |
| Compensation of current officers, directors, key employees. | $4,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,245 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,679 |
| Office expenses | $8,082 |
| Information technology | $1,767 |
| Royalties | $0 |
| Occupancy | $52,325 |
| 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 | $19,980 |
| Insurance | $17,183 |
| All other expenses | $372 |
| Total functional expenses | $165,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,430 |
| Savings and temporary cash investments | $325,364 |
| 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 | $435,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $876,576 |
| 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 | $0 |
| 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 | $876,576 |
| Total liabilities and net assets/fund balances | $876,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Historical Society Of Topsail Island North Carolina has recieved totaling $11,415.
| Awarding Organization | Amount |
|---|---|
North Carolina Humanities Council Charlotte, NC PURPOSE: DURING 2020, WE HAD CESSATION OF OUR MAIN REVENUE STREAMS. WE ARE APPLYING FOR THIS GRANT TO MEET OUR MONTHLY EXPENSES INCLUDING SALARIES AND PAYROLL TAXES ($20,182.80 PER YEAR) BUILDING MAINTENANCE (HVAC ELECTRICITY, TELEPHONES, INTERNET, WASTE DISPOSAL, WATER, LANDSCAPING, CLEANING SUPPLIES ($59,098.83 PER YEAR) AND ADMINISTRATIVE COSTS (EDUCATIONAL OUTREACH, SUMMER AQUATIC PROGRAM, MONTHLY LUNCHEONS, ADVERTISING PROGRAMS, MUSEUM SUPPLIES, MERCHANDISE COSTS, MEMBER OUTREACH AND EXPANSION - $63,354.47 PER YEAR). WE ARE APPLYING FOR THIS GRANT TO HELP US PAY FOR SALARIES, BUILDING UPKEEP AND ADMINISTRATIVE EXPENSES. FUNDS FROM OUR MONTHLY LUNCHES (START SEPTEMBER), AUTUMN WITH TOPSAIL (DUE TO BE HELD IN 10/21 AND BINGO (FUNDS NOT AVAILABLE UNTIL 9/21) WILL CREATE A FRESH REVENUE STREAM BUT THIS GRANT MONEY WILL HELP US RECOVER PART OF OUR FINANCIAL LOSSES THAT RESULTED FROM THE COVID 19 PANDEMIC.. | $11,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Society Of Charleston Charleston, SC | $9,215,770 | $2,455,681 |