Lincoln County Historical Society
- Assets
- $2.8m
- Revenue
- $445.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Newport, OR
- Founding
- 10/1955
- Data as of
- 06/2023
- EIN
- 93-0545940
Organization Overview
Lincoln County Historical Society is located in Newport, OR. The organization was established in 1955. 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 06/2023, Lincoln County Historical Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln County Historical 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 06/2023, Lincoln County Historical Society generated $445.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $498.0k during the year ending 06/2023. 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
TO COLLECT, PRESERVE, INTERPRET, AND EXHIBIT OBJECTS AND INFORMATION ILLUSTRATIVE OF THE HISTORY OF LINCOLN COUNTY, FOR THE EDUCATION AND BETTERMENT OF THE COMMUNITY AND OF THE PUBLIC INTEREST. THE SOCIETY AS AN EDUCATIONAL INSTITUTION WILL ALSO ACT AS A RESEARCH AGENCY AND CULTURAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BURROWS HOUSE MUSEUM FEATURES EXHIBITS PROVIDING EDUCATION FOR ITS VISITORS ON THE HISTORY OF LINCOLN COUNTY, THE YAQUINA BAY BRIDGE, AND FEATURES A VICTORIAN PARLOR, A LAW OFFICE, HISTORY OF LINCOLN COUNTY'S FOUNDERS, PHOTOS AND OBJECTS THAT SHED LIGHT ON THE HISTORY OF THE CENTRAL OREGON COAST, THE EVOLUTION OF TECHNOLOGY, AS WELL AS HUMAN NATURE AND APPRECIATION FOR CURIOSITIES FROM THE PAST. THE LOG CABIN RESEARCH LIBRARY IS THE DESTINATION FOR VISITORS WHOSE FOCUS IS GETTING ANSWERS TO THEIR QUESTIONS FROM THIS EXTENSIVE HISTORICAL ARCHIVE WHICH INCLUDES HISTORICAL DOCUMENTS, PHOTOGRAPHS, MAPS, BOOKS, RECORDS, NAVIGATION CHARTS, CENSUS DATA, GENEALOGICAL INFORMATION, HISTORIC LITERATURE, NEWSPAPER CLIPPINGS AND MICROFILM, ORAL HISTORIES AND MUCH MORE. THE LOG CABIN SERVES INDIVIDUAL VISITORS AS WELL AS GROUPS.
THE PACIFIC MARITIME HERITAGE CENTER (PMHC) IS AN IMPRESSIVE HISTORICAL BUILDING ON THE NEWPORT BAYFRONT PURCHASED AND SAVED BY LCHS IN 2004. PMHC CONTINUES TO BE RENOVATED IN PHASES WHILE IT IS A MAJOR MUSEUM AND INTERACTIVE CENTER THAT INCORPORATES THE WORKING WHARF OUTSIDE ITS DOORS ON THE BAYFRONT, EDUCATIONAL PROGRAMS, AND LOCAL MARITIME USES WITH MARITIME EXHIBITS AND ART. DESIGNED TO ATTRACT, EDUCATE AND ENTERTAIN ALL AGES, IT ALSO INSTILLS IN LOCAL RESIDENTS A SENSE OF PLACE AND COMMUNITY. PMHC IS CURRENTLY IN THE COMPLETION PHASE OF ITS RENOVATION PROJECT. PMHC ALSO RENTS ITS FACILITES TO THE PUBLIC FOR PRIVATE EVENTS. THIS MUSEUM CELEBRATES THE HISTORY, ART, DIVERSE CULTURE, COMMERCE AND SCIENTIFIC RESEARCH THAT IS OF THE OCEAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bud Shoemake President | OfficerTrustee | 10 | $0 |
Bob Olson Past Preside | OfficerTrustee | 2 | $0 |
Bill Hanshumaker Vice Preside | OfficerTrustee | 3 | $0 |
James Bassingthwaite Treasurer | OfficerTrustee | 8 | $0 |
Jo An Mcadams Secretary | OfficerTrustee | 4 | $0 |
Beth Young Director Pos | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,078 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $294,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,444 |
| Noncash contributions included in lines 1a–1f | $26,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,044 |
| Total Program Service Revenue | $22,441 |
| Investment income | $549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,660 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,095 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,128 |
| 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. | $76,500 |
| Compensation of current officers, directors, key employees. | $22,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $787 |
| Advertising and promotion | $14,589 |
| Office expenses | $10,102 |
| Information technology | $300 |
| Royalties | $0 |
| Occupancy | $43,834 |
| Travel | $733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,973 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,297 |
| Insurance | $18,494 |
| All other expenses | $3,818 |
| Total functional expenses | $497,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,486 |
| Savings and temporary cash investments | $315,587 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $7,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,903 |
| Prepaid expenses and deferred charges | $25,202 |
| Net Land, buildings, and equipment | $2,406,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,772,505 |
| Accounts payable and accrued expenses | $41,743 |
| Grants payable | $0 |
| Deferred revenue | $12,175 |
| 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 | $53,918 |
| Net assets without donor restrictions | $2,703,752 |
| Net assets with donor restrictions | $14,835 |
| 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 | $2,772,505 |