Polson Park And Museum Historical Society
- Assets
- $1.2m
- Revenue
- $276.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Hoquiam, WA
- Founding
- 08/1976
- Data as of
- 12/2021
- EIN
- 91-0969501
Organization Overview
Polson Park And Museum Historical Society, operating under the name Polson Museum, is located in Hoquiam, WA. The organization was established in 1976. 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 12/2021, Polson Museum employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polson Museum 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 12/2021, Polson Museum generated $276.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $183.2k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE POLSON MUSEUM IS TO PRESERVE, PROMOTE AND PRESENT THE MATERIAL, WRITTEN AND PHOTOGRAPHIC HISTORY OF GRAYS HARBOR COUNTY, WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULAR, ONGOING WORK TO MAINTAIN, UPDATE AND CREATE NEW PERMANENT AND TEMPORARY EXHIBITS PERTAINING TO THE HISTORY OF GRAYS HARBOR COUNTY, WASHINGTON. SUCH WORK INCLUDES THE ACTIVE MAINTENANCE, ACQUISITION AND CATALOGING OF HISTORICAL COLLECTIONS FOR EXHIBITION, EDUCATIONAL AND RESEARCH PURPOSES. WORK ALSO INCLUDES THE GENERAL ADMINISTRATION AND OPERATION OF THE MUSEUM. DUE TO COVID-19 PANDEMIC CLOSURE REQUIREMENTS IMPOSED FOR THE SECOND TIME IN LATE 2020, THE POLSON DECIDED TO REMAIN CLOSED UNTIL AUGUST, 2021 TO COMPLETE MAJOR INTERIOR RESTORATION WORK FIRST BEGUN IN THE MARCH 2020 MANDATED CLOSURE. THIS EFFORT ALLOWED US TO FULLY RESTORE THE PUBLIC AREAS OF OUR 1924 MANSION.
WORK TO RESTORE "HUBBLE HOUSE" A 1915 JAPANESQUE CRAFTSMAN BUNGALOW AT 1607 RIVERSIDE AVE., HOQUIAM, WA CONTINUED DESPITE VOLUNTEERS AND STAFF DEVOTING MORE TIME TO RESTORATION OF OUR MANSION'S INTERIOR. MAJOR PROJECTS HERE DURING 2021 INCLUDED THE ROUGH-IN PLUMBING AND A START TO INSTALLING ALL NEW ELECTRICAL THROUGHOUT THE HOUSE. THE KITCHEN PORCH WAS ALSO RE-BUILT DURING THIS TIME. WHEN COMPLETED, THE BUILDING WILL SERVE AS COLLECTIONS STORAGE FOR THE MUSEUM'S PAPER-BASED COLLECTIONS, BE AVAILABLE AS A PUBLIC MEETING SPACE IN THE COMMON AREAS, AND BE A DEDICATED WOODWORKING SHOP IN THE GARAGE.
PHOTOGRAPHIC SCANNING AND ARCHIVING. THIS MULTI-YEAR EFFORT CONTINUED WITH MORE CATCH UP TO PROCESS NEW COLLECTIONS THAT HAVE COME INTO THE MUSEUM'S PERMANENT COLLECTION. IMAGES WERE SCANNED, IDENTIFIED AND SLEEVED FOR PROPER STORAGE AS WELL AS INFORMATION ADDED TO OUR COLLECTIONS DATABASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Larson Executive Director | Officer | 40 | $62,000 |
Gloria Callaghan Board Member | Trustee | 1 | $0 |
Larry Jones Board Member | Trustee | 1 | $0 |
Diane Muir Board Member | Trustee | 1 | $0 |
Kathy Quigg Board Member | Trustee | 1 | $0 |
Joyce Thomasson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,065 |
| Total Program Service Revenue | $21,313 |
| Investment income | $52,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,281 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$236 |
| Net Income from Sales of Inventory | $2,042 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,066 |
| 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. | $49,034 |
| Compensation of current officers, directors, key employees. | $18,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,974 |
| Payroll taxes | $29,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,200 |
| Advertising and promotion | $106 |
| Office expenses | $1,440 |
| Information technology | $3,985 |
| Royalties | $0 |
| Occupancy | $12,757 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,430 |
| All other expenses | $2,945 |
| Total functional expenses | $183,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $282,429 |
| 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 | $84,435 |
| Investments—publicly traded securities | $848,042 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,214,906 |
| 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 | $1,190,785 |
| Net assets with donor restrictions | $24,121 |
| 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 | $1,214,906 |