Historical Society Of Palm Beach County
- Assets
- $4.8m
- Revenue
- $1.3m
- Investments
- $13.7k
- Employees
- 10
- Location
- West Palm Beach, FL
- Founding
- 04/1942
- Data as of
- 04/2022
- EIN
- 59-6158821
Organization Overview
Historical Society Of Palm Beach County is located in West Palm Beach, FL. The organization was established in 1942. 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 04/2022, Historical Society Of Palm Beach County employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historical Society Of Palm Beach County 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 04/2022, Historical Society Of Palm Beach County generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.2m during the year ending 04/2022. While expenses have increased by 0.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY'S PRIMARY FOCUS IS TO STIMULATE PUBLIC APPRECIATION FOR THE RICH HISTORY AND CULTURAL HERITAGE OF PALM BEACH COUNTY, TO OPERATE THE RICHARD AND PAT JOHNSON PALM BEACH COUNTY HISTORY MUSEUM, TO PERFORM RESEARCH, AND TO DISCOVER, COLLECT AND PRESERVE BOOKS, DOCUMENTS, PICTURES, WORKS OF ART, OBJECTS AND OTHER ORIGINAL SOURCE MATERIAL ON FLORIDA HISTORY AND TO MAKE AVAILABLE SUCH WORKS TO ITS MEMBERS AND TO THE PUBLIC FOR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
THE SOCIETY MAINTAINS AND OPERATES A LARGE ARCHIVE ON THE HISTORY OF PALM BEACH COUNTY AND FLORIDA, INCLUDING OVER FOUR MILLION PHOTOGRAPHIC IMAGES; MAPS, NEWSPAPERS, JOURNALS, PERIODICALS, ARCHITECTURAL DRAWINGS, AND RESEARCH FILES; AND ARTIFACTS. THE SOCIETY PROVIDES AN ON-SITE RESEARCH FACILITY, ACCESSIBLE BY THE PUBLIC, AND ACTIVELY DOCUMENTS THE PEOPLE AND EVENTS THAT HAVE SHAPED OUR COMMUNITY.TO FULFILL ITS MISSION, THE SOCIETY PROVIDES A VARIETY OF EDUCATIONAL PROGRAMS AND INITIATIVES IN SCHOOLS AND OUT IN THE COMMUNITY, AS WELL AS COMMUNITY-BASED SPECIAL PROJECTS AND PROGRAMS. THESE INCLUDE, BUT ARE NOT LIMITED TO FAMILY EVENTS, GROUP TOURS, LECTURE SERIES, SPECIAL EXHIBITIONS AND TRAVELING EXHIBITIONS HELD BOTH WITHIN THE RICHARD AND PAT JOHNSON PALM BEACH COUNTY HISTORY MUSEUM AND THROUGHOUT THE COUNTY. THE SOCIETY PLACES A SIGNIFICANT EMPHASIS ON THE EDUCATION OF SCHOOL CHILDREN THROUGH SCHOOL TOURS, COMPREHENSIVE HANDS-ON CLASSROOM PROJECTS, SUPPLEMENTAL CLASSROOM MATERIALS FOR FOURTH AND SEVENTH GRADES, CURRICULUM GUIDES FOR FACULTY AND STUDENTS, AND INTENSIVE TEACHER TRAINING. THESE PROJECTS AND INITIATIVES ENABLE THE HISTORICAL SOCIETY TO BUILD AN UNDERSTANDING AND APPRECIATION OF LOCAL HISTORY IN OUR CHILDREN.THE RICHARD AND PAT JOHNSON PALM BEACH COUNTY HISTORY MUSEUM IS MAINTAINED AND OPERATED BY THE HISTORICAL SOCIETY. THE MUSEUM OFFERS EXTENSIVE STATIC AND INTERACTIVE PERMANENT EXHIBITIONS AND A GALLERY FOR ROTATING EXHIBITIONS CURATED WITH THE INTENT TO ENRICH THE LIVES OF CHILDREN AND ADULTS BY MAKING LOCAL HISTORY ACCESSIBLE, INTERESTING AND MEANINGFUL. SINCE OPENING IN 2008, MORE THAN 174,352 INDIVIDUALS HAVE ENJOYED THE MUSEUM, FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Johnson President & CEO | Officer | 40 | $140,982 |
Richard S Johnson Jr Chairman | OfficerTrustee | 4 | $0 |
Mark Stevens Vice Chairman | OfficerTrustee | 4 | $0 |
Thomas Burns Treasurer | OfficerTrustee | 4 | $0 |
Joseph Chase Secretary | Trustee | 2 | $0 |
Jeffrey Alderton Governance Committee Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $209,255 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,373 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,693 |
| Total Program Service Revenue | $54,545 |
| Investment income | $105,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,450 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $380,076 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,358 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,257,036 |
| 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. | $149,163 |
| Compensation of current officers, directors, key employees. | $17,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $53,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,365 |
| Advertising and promotion | $0 |
| Office expenses | $24,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,075 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,292 |
| Insurance | $19,664 |
| All other expenses | $25,619 |
| Total functional expenses | $1,153,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,036 |
| Savings and temporary cash investments | $475,107 |
| Pledges and grants receivable | $775,877 |
| Accounts receivable, net | $25,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,583 |
| Prepaid expenses and deferred charges | $6,291 |
| Net Land, buildings, and equipment | $660,200 |
| Investments—publicly traded securities | $2,149,803 |
| Investments—other securities | $13,717 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $4,831,989 |
| Accounts payable and accrued expenses | $70,199 |
| 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 | $70,199 |
| Net assets without donor restrictions | $2,736,913 |
| Net assets with donor restrictions | $2,024,877 |
| 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 | $4,831,989 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historical Society Of Palm Beach County has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Daelansa Foundation Palm Beach, FL PURPOSE: USE FOR THEIR STATED PURPOSE. | $2,500 |
Endowment Analysis
| Beg. Balance | $1,225,000 |
| Ending Balance | $1,225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Vizcaya Museum And Gardens Trust Inc Miami, FL | $11,712,180 | $11,588,414 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Bellingrath-Morse Foundation Theodore, AL | $109,592,614 | $8,669,562 |
Thomas Edison And Henry Ford Winter Estates Inc Fort Myers, FL | $5,261,468 | $5,556,922 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Roshan Institute Of Cultural Heritage Orlando, FL | $8,118,910 | $2,379,053 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Educopia Institute Inc Atlanta, GA | $2,468,472 | $2,053,368 |
Historic Oakland Foundation Inc Atlanta, GA | $10,625,800 | $4,650,035 |