The Filson Historical Society Inc
- Assets
- $42.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 40
- Location
- Louisville, KY
- Founding
- 03/1942
- Data as of
- 12/2022
- EIN
- 61-0444690
Organization Overview
The Filson Historical Society Inc is located in Louisville, KY. The organization was established in 1942. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Filson Historical Society Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Filson 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 12/2022, Filson Historical Society Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 8 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 MISSION OF THE FILSON HISTORICAL SOCIETY IS TO COLLECT, PRESERVE, AND SHARE THE SIGNIFICANT HISTORY AND CULTURE OF KENTUCKY AND THE OHIO VALLEY. THE FILSON IS COMMITTED TO THE WORK OF PRESERVATION ACCESS AND EDUCATION PURSUING EVER GREATER DIVERSITY, EQUITY, AND INCLUSION, ITS OPERATIONS ARE CHARACTERIZED BY EXCELLENCE, SERVICE, AND INTEGRITY. ITS VISION IS TO BE A NATIONALLY PREEMINENT HISTORICAL SOCIETY THAT INSPIRES ITS COMMUNITIES TO BUILD A STRONGER PRESENT AND FUTURE THROUGH LEARNING FROM THE PAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FILSON'S EDUCATION AND DEVELOPMENT DEPARTMENTS OFFER MORE THAN 100 DIVERSE LECTURES AND EVENTS TO THE PUBLIC ANNUALLY. THE LECTURES ARE PRESENTED IN-PERSON AND VIRTUALLY BY EXPERTS AND BY NATIONALLY RECOGNIZED AUTHORS. THESE PRESENTATIONS INCLUDE THE PRESTIGIOUS GERTRUDE POLK BROWN LECTURE SERIES, BIANNUAL ACADEMIC CONFERENCE, AND VARIOUS EDUCATION LECTURES THAT FOCUS ON OUR CULTURE AND HISTORY. MEMBERSHIP, ANNUAL FUND CONTRIBUTIONS, AND GRANT FUNDING ARE ALSO VITAL COMPONENTS OF SUSTAINING THE FILSON'S OPERATIONS. THE COLLECTIONS DEPARTMENT (LIBRARY, MANUSCRIPTS, PRINTS & PHOTOGRAPHS, AND MUSEUM OBJECTS) STEWARDS COLLECTIONS WITH SIGNIFICANT CONNECTION TO KENTUCKY AND THE OHIO RIVER VALLEY TO PRESERVE AND SHARE THE HISTORY OF OUR REGION. MATERIAL DATING FROM PRE-COLUMBIAN INDIGENOUS HISTORY THROUGH THE 21ST CENTURY IS PRESERVED, CATALOGED, AND MADE AVAILABLE TO IN-PERSON AND REMOTE RESEARCHERS. NEW MATERIALS ARE CONSIDERED FOR ACCEPTANCE INTO THE COLLECTION MONTHLY. RESEARCHERS VISIT THE FILSON FROM ACROSS THE UNITED STATES AND ABROAD TO USE COLLECTIONS FOR BOOKS, ARTICLES, NOVELS, PLAYS, SCHOOL PAPERS, FAMILY HISTORIES AND MORE. CITATIONS AND ACKNOWLEDGEMENTS TO FILSON COLLECTIONS REGULARLY APPEAR IN RESULTING WORKS. THE FILSON PRODUCES TWO PUBLICATIONS, THE FILSON NEWSMAGAZINE AND OHIO VALLEY HISTORY AND IS A CONSORTIUM MEMBER OF THE UNIVERSITY PRESS OF KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hc Clay President & CEO | Officer | 40 | $202,859 |
Julie Scoskie James Vice President | 40 | $138,622 | |
James J Holmberg Curator | 35 | $108,557 | |
Diane Cornwell Interim Contract CFO (partial Year) | Officer | 30 | $28,500 |
Carl M Thomas Director | Trustee | 0.5 | $0 |
Jane Goldstein Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wehr-realm Construction Services Llc General Contractor | 12/30/15 | $2,961,269 |
Deleon & Primmer Architecture Workshop Architecture | 12/30/15 | $155,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $291,716 |
| Fundraising events | $31,349 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,655,279 |
| Noncash contributions included in lines 1a–1f | $109,531 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,978,344 |
| Total Program Service Revenue | $77,007 |
| Investment income | $1,079,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,420 |
| Net Gain/Loss on Asset Sales | -$71,927 |
| Net Income from Fundraising Events | -$6,949 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,092,352 |
| 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. | $240,806 |
| Compensation of current officers, directors, key employees. | $49,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,513,638 |
| Pension plan accruals and contributions | $58,966 |
| Other employee benefits | $105,629 |
| Payroll taxes | $124,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,086 |
| Fees for services: Accounting | $48,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,851 |
| Fees for services: Other | $11,921 |
| Advertising and promotion | $136,553 |
| Office expenses | $14,350 |
| Information technology | $66,341 |
| Royalties | $0 |
| Occupancy | $268,362 |
| Travel | $12,676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,401 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $502,725 |
| Insurance | $44,511 |
| All other expenses | $11,738 |
| Total functional expenses | $3,474,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355 |
| Savings and temporary cash investments | $2,044,120 |
| Pledges and grants receivable | $1,079,170 |
| 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 | $39,265 |
| Net Land, buildings, and equipment | $10,796,398 |
| Investments—publicly traded securities | $19,421,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,570,899 |
| Total assets | $41,951,258 |
| Accounts payable and accrued expenses | $93,062 |
| 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 | $93,062 |
| Net assets without donor restrictions | $29,933,089 |
| Net assets with donor restrictions | $11,925,107 |
| 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 | $41,951,258 |