Park City Historical Society Inc
- Assets
- $8.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Park City, UT
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 94-2792051
Organization Overview
Park City Historical Society Inc is located in Park City, UT. The organization was established in 1982. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Park City Historical Society Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park City 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 12/2021, Park City Historical Society Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 4.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONALLY INTERPRET PARK CITY AND REGIONAL WESTERN HISTORY THROUGH ENGAGING EXHIBITIONS AND EDUCATIONAL PROGRAMS; RESEARCH, RECORD, PRESERVE, AND DISSEMINATE PARK CITY HISTORY; PROMOTE AND ADVOCATE FOR THE PRESERVATION OF PARK CITY'S IMPORTANT HISTORY AND HISTORIC SITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM: THE MUSEUM WELCOMED MORE THAN 116,000 VISITORS IN 2021 AN INCREASE FROM THE PANDEMIC-STRICKEN 2020 FIGURE OF 70,813 VISITORS. MORE THAN 1,500 SCHOOL CHILDREN ATTENDED THE MUSEUM ON A FIELD TRIP AND MORE THAN 1,000 PEOPLE ATTENDED AN ONSITE OR VIRTUAL LECTURE DURING 2021. OUR TOZER GALLERY HOSTED 3 NATIONALLY TOURING EXHIBITIONS TO HELP ATTRACT VISITORS. PRESERVATION: THE PARK CITY HISTORICAL SOCIETY HOLDS AN EXTENSIVE COLLECTION OF HISTORIC OBJECTS, PAPERS AND PHOTOGRAPHS. GENEALOGISTS, HISTORIC PROPERTY OWNERS, PLANNERS, ARCHITECTS, SCHOLARS, JOURNALISTS AND STUDENTS REQUEST RESEARCH FROM OUR HAL COMPTON RESEARCH LIBRARY LOCATED AT THE PARK CITY MUSEUM. THE PARK CITY HISTORICAL SOCIETY OWNS THE HISTORIC GLENWOOD CEMETERY AND ALLOCATES RESOURCES TO ENSURE ITS PRESERVATION FOR FUTURE GENERATIONS TO EXPLORE AND ENJOY. DEDICATED TO THE STABILIZATION AND PRESERVATION OF THE LAST REMAINING HISTORIC MINING STRUCTURES LOCATED ON THE MOUNTAINS SURROUNDING PARK CITY, IN 2021 THE PARK CITY HISTORICAL SOCIETY STABILIZED THE KING CON ORE BIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Petersen Treasurer | OfficerTrustee | 2 | $0 |
Jaelee Watanabe Vice-Preside | OfficerTrustee | 5 | $0 |
Karen Keating Secretary | OfficerTrustee | 1 | $0 |
Randy Scott President | OfficerTrustee | 5 | $0 |
Barb Martz Director | Trustee | 1 | $0 |
Paige Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,770 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $376,809 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,831 |
| Noncash contributions included in lines 1a–1f | $78,739 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,410 |
| Total Program Service Revenue | $287,132 |
| Investment income | $139,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $238,676 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,526,891 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $70,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,209 |
| Advertising and promotion | $22,588 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,707 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,731 |
| Insurance | $17,021 |
| All other expenses | $0 |
| Total functional expenses | $1,308,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,206 |
| Savings and temporary cash investments | $806,019 |
| Pledges and grants receivable | $3,750 |
| 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 | $100,088 |
| Prepaid expenses and deferred charges | $37,333 |
| Net Land, buildings, and equipment | $2,432,947 |
| Investments—publicly traded securities | $1,104,321 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,909,250 |
| Total assets | $8,846,914 |
| Accounts payable and accrued expenses | $13,007 |
| Grants payable | $0 |
| Deferred revenue | $15,600 |
| 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 | $92,857 |
| Total liabilities | $121,464 |
| Net assets without donor restrictions | $8,474,794 |
| Net assets with donor restrictions | $250,656 |
| 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 | $8,846,914 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Park City Historical Society Inc has recieved totaling $64,073.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $21,868 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,250 |
Val A Browning Charitable Foundation Reno, NV PURPOSE: PARK CITY MUSEUM GENERAL OPERATING SUPPORT | $10,000 |
Park City Community Foundation Park City, UT PURPOSE: ARTS, CULTURE | $10,000 |
Ssir Cares Inc Park City, UT PURPOSE: PRESERVE HISTORY | $3,000 |
The Sad Foundation 40 Birch Lane Indian River Shores, FL PURPOSE: UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Colorado High School Activities Association Aurora, CO | $4,647,577 | $4,396,075 |
Blueprint Education In Phoenix, AZ | $3,476,222 | $5,711,311 |
Bountiful Community Food Pantry Bountiful, UT | $1,761,545 | $4,446,864 |
Colorado Uplift Denver, CO | $4,385,940 | $5,341,979 |