Heritage Society
- Assets
- $1.5m
- Revenue
- $988.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Houston, TX
- Founding
- 08/1956
- Data as of
- 05/2023
- EIN
- 74-1444232
Organization Overview
Heritage Society is located in Houston, TX. The organization was established in 1956. 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 05/2023, Heritage Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Society 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 05/2023, Heritage Society generated $988.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $437.5k during the year ending 05/2023. 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 HERITAGE SOCIETY EXHIBITS THE HISTORY OF HOUSTON THROUGH HISTORIC BUILDINGS AND ARTIFACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HERITAGE SOCIETY PROVIDES TOURS OF HISTORIC BUILDINGS THAT DEMONSTRATE HOW AND WHY PEOPLE SETTLED IN THE HOUSTON AREA, LECTURES REGARDING IMPORTANT PEOPLE AND EVENTS IN HOUSTON'S AND TEXAS'S HISTORY, AND EDUCATIONAL PROGRAMS FOR CHILDREN AND FAMILIES ON-SITE AND OFF-SITE. ADDITIONALLY, THS HAS MONTHLY AND QUARTERLY EDUCATIONAL PROGRAMS IN THE FORM OF GUEST LECTURERS SPEAKING ABOUT HISTORICAL EVENTS, SITES, STRUCTURES, AND PEOPLE OF HOUSTON AND TEXAS.
THE HERITAGE SOCIETY CARES FOR AND OPERATES HISTORIC BUILDINGS TO DEMONSTRATE HOUSTON'S AND TEXAS'S HISTORY AND TO EDUCATE THE PUBLIC ABOUT THE LIFESTYLES OF THE AREA'S EARLY RESIDENTS. CURATORS WORK DILIGENTLY TO MAINTAIN, PRESERVE, AND RESTORE HISTORIC BUILDINGS AND COLLECTIONS FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC.THE HERITAGE SOCIETY COLLECTS AND EXHIBITS ITEMS RELEVANT TO HOUSTON'S AND TEXAS'S HISTORY AND MUST PRESERVE AND CARE FOR THOSE ITEMS. COLLECTION ITEMS ARE EXHIBITED IN THE HISTORIC BUILDINGS AND MUSEUM GALLERY AND THROUGH ROTATING EXHIBITIONS ON- AND OFF-SITE. (SEE SCHEDULE O)HERITAGE SOCIETY AND THE CITY OF HOUSTON ENTERED INTO AN AMENDED AND RESTATED LEASE AGREEMENT ON MARCH 15, 2022. THE LEASE TERM IS 30 YEARS. IN THE AMENDED AND RESTATED AGREEMENT, THE CITY OF HOUSTON HAS COMMITTED TO PROVIDING FUNDS FOR THE HISTORIC STRUCTURES' MAINTENANCE, REPAIRS, AND SECURITY.
OTHER PROGRAM ACTIVITIES INCLUDE MEMBERSHIP AND VOLUNTEER COORDINATION, COMMUNICATIONS, MARKETING, GIFT SHOP OPERATIONS, MUSEUM GALLERY, AND MEETING SPACE MAINTENANCE AND USAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minnette Boesel President | OfficerTrustee | 10 | $0 |
Stephen A Lucchesi Vice President | OfficerTrustee | 5 | $0 |
Rives T Taylor Secretary | OfficerTrustee | 2 | $0 |
Joanne E Zumbrun Treasurer | OfficerTrustee | 5 | $0 |
Heath Beeman Director | Trustee | 1 | $0 |
Evelyn H Boatwright Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $59,604 |
| Fundraising events | $236,704 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $653,528 |
| Noncash contributions included in lines 1a–1f | $167,736 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,836 |
| Total Program Service Revenue | $37,359 |
| Investment income | $5,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,080 |
| Net Gain/Loss on Asset Sales | $167 |
| Net Income from Fundraising Events | -$43,835 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $988,709 |
| 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. | $87,229 |
| Compensation of current officers, directors, key employees. | $9,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,888 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,300 |
| Advertising and promotion | $4,306 |
| Office expenses | $11,111 |
| Information technology | $10,614 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,486 |
| Insurance | $10,828 |
| All other expenses | $86,837 |
| Total functional expenses | $437,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,045 |
| Savings and temporary cash investments | $310,135 |
| Pledges and grants receivable | $426,971 |
| 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 | $16,310 |
| Prepaid expenses and deferred charges | $2,772 |
| Net Land, buildings, and equipment | $269,822 |
| Investments—publicly traded securities | $433,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,535,829 |
| Accounts payable and accrued expenses | $20,936 |
| Grants payable | $0 |
| Deferred revenue | $22,371 |
| 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 | $56,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $99,307 |
| Net assets without donor restrictions | $171,114 |
| Net assets with donor restrictions | $1,265,408 |
| 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 | $1,535,829 |