Marco Island Historical Society Inc
- Assets
- $1.7m
- Revenue
- $731.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Marco Island, FL
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 59-3425001
Organization Overview
Marco Island Historical Society Inc is located in Marco Island, FL. The organization was established in 1997. 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 12/2023, Marco Island Historical Society Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marco Island 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 12/2023, Marco Island Historical Society Inc generated $731.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $714.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MARCO ISLAND HISTORICAL SOCIETY, INC. IS ORGANIZED FOR THE PURPOSE OF PRESERVING THE HISTORY AND HERITAGE OF MARCO ISLAND AND THE SURROUNDING AREAS, PROMOTING AND MAINTAINING AN AWARENESS OF OUR AREA'S HISTORY, AND ITS IMPORTANCE FOR ITS MEMBERS AND THE COMMUNITY. IN FURTHERANCE OF THIS PURPOSE THE MARCO ISLAND HISORICAL SOCIETY, INC.: - PROVIDES PROGRAMS AND PROMOTES HISTORICAL AWARENESS IN THE COMMUNITY; - ENCOURAGES POSITIVE INTERACTIONS AMONG THE MARCO ISLAND HISTORICAL SOCIETY, INC., ITS MEMBERS AND THE RESIDENTS, GOVERNMENT AND OTHER COMMUNITY ORGANIZATIONS, NEIGHBORING COMMUNITIES, AND VISTORS TO MARCO ISLAND; - SUPPORTS ALL ACTIVITIES BELIEVED TO BE BENEFICIAL TO THE COMMUNITY AND ITS MEMBERS; - SPEAKS FOR ITS MEMBERSHIP IN CITY, COUNTY, STATE, AND NATIONAL LEGISLATIVE AND GOVERNMENTAL MATTERS; - OPERATES AND MAINTAINS AT THE MARCO ISLAND HISTORICAL MUSEUM, THE GIFT SHOP, THE OFFICES OF THE SOCIETY, AND THE ROSE HISTORY AUDIRORIUM; - RAISES AND PROVIDES FUNDING FOR EXHIBITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS WORKING ON RESEARCH, ACQUISITION AND PRESERVATION OF THE MULTI-FACETED HISTORY OF THE MARCO ISLAND-GOODLAND REGION IN SOUTHWEST FLORIDA, THROUGH THE USE OF A CURATOR AND COLLECTION MANAGER AND THROUGH THE CURATION OF RELEVANT ARTIFACT LOANS FROM MUSEUMS AND ORGANIZATIONS. COLLECTIONS ARE SHARED WITH THE PUBLIC THROUGH THE DESIGN AND IMPLEMENTATION OF INFORMATIVE MUSEUM EXHIBITS - BOTH PERMANENT AND TEMPORARY.
THE ORGANIZATION INFORMS THE COMMUNITY AND VISTORS TO THE AREA OF THE HISTORY AND HERITAGE OF THE MARCO ISLAND-GOODLAND REGION IN SOUTHWEST FLORIDA USING A SERIES OF EDUCATION SPEAKERS AND COMMUNITY EVENTS, BY SPONSORING HISTORIC RE-ENACTMENTS AND BOOK/NEWSLETTER PUBLICATIONS, AND THROUGH THE DEVELOPMENT OF YOUTH ACTIVITIES AND PROGRAMS. THE ORGANIZATION MANAGES THE OPERATIONS OF ROSE HISTORY AUDITORIUM AS A VENUE FOR THESE EVENTS AND MAKES THE AUDITORIUM AVAILABLE TO THE COMMUNITY FOR A MODEST RENTAL FEE. REVENUE RECEIVED IS DESIGNATED TO COVER THE COSTS OF THE AUDITORIUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Rutledge CEO | OfficerTrustee | 40 | $104,292 |
Shirlee Barcic Director | Trustee | 2 | $0 |
Val Bilbrey Secretary | OfficerTrustee | 2 | $0 |
Neil Bretthauer Director | Trustee | 2 | $0 |
Linda Cassens Director | Trustee | 2 | $0 |
Tish Champagne Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,225 |
| Fundraising events | $177,015 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,145 |
| Noncash contributions included in lines 1a–1f | $18,742 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,385 |
| Total Program Service Revenue | $61,782 |
| Investment income | $20,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,284 |
| Net Income from Fundraising Events | -$32,522 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $68,127 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,136 |
| 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. | $104,292 |
| Compensation of current officers, directors, key employees. | $7,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,763 |
| Fees for services: Other | $17,917 |
| Advertising and promotion | $85,408 |
| Office expenses | $54,982 |
| Information technology | $19,967 |
| Royalties | $0 |
| Occupancy | $22,727 |
| Travel | $5,661 |
| 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 | $57,108 |
| Insurance | $709 |
| All other expenses | $6,231 |
| Total functional expenses | $713,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,339 |
| Savings and temporary cash investments | $0 |
| 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 | $23,454 |
| Prepaid expenses and deferred charges | $8,425 |
| Net Land, buildings, and equipment | $383,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $869,117 |
| Total assets | $1,708,427 |
| Accounts payable and accrued expenses | $2,908 |
| Grants payable | $0 |
| Deferred revenue | $46,000 |
| 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 | $48,908 |
| Net assets without donor restrictions | $1,559,453 |
| Net assets with donor restrictions | $100,066 |
| 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 | $1,708,427 |