Overview
What is Farmington Historical Society Inc?
The Farmington Historical Society Inc., located in Farmington, Maine, is a dedicated nonprofit organization. Their primary mission involves exploring, acquiring, and safeguarding the history of Farmington. This endeavor has been backed by grants, leading to the restoration and preservation of notable landmarks, such as the Octagon House. The Society serves as a vital resource for the community, ensuring the continuity and appreciation of Farmington's rich past.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Farmington Historical Society Inc has received a low rating of 33%, which translates to a Zero-Star out of Four Star rating. This score indicates significant concerns regarding the organization's accountability and financial practices. While the Society benefits from a fully independent board of directors and has demonstrated no material diversion of assets, it has notably struggled in several key areas related to transparency and governance.
The organization scored poorly in several critical metrics, such as missing a conflict of interest policy, a whistleblower policy, and documentation related to retention and destruction. Additionally, their website, which is essential for public accountability, was not listed on their tax form, further contributing to their low accountability score. The program expense ratio is also concerning, with only 16.76% of expenses directed toward programs, suggesting that the organization may not be effectively utilizing its funds for its stated mission.
Overall, while the Farmington Historical Society Inc has strengths in its governance structure, the lack of essential policies and transparency measures, alongside low program spending, raises serious questions about its operational effectiveness and commitment to accountability. These factors warrant careful consideration by potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Farmington Historical Society Inc legitimate?
Farmington Historical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmington Historical Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Other Salaries and Wages: $0
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What is the mission statement of Farmington Historical Society Inc?
The Farmington Historical Society Inc. is committed to unveiling, obtaining, and safeguarding the historical narrative of Farmington, Maine. Their primary objective is to preserve the area's past through various means. A significant part of their mission involves restoring and maintaining the Octagon House, which they have funded through grants.
Who is the CEO of Farmington Historical Society Inc?
Janice G Maxham is the Principal Officer of Farmington Historical Society Inc.
What is the revenue of Farmington Historical Society Inc?
Farmington Historical Society Inc's revenue in 2022 was $34,049.
Who are the executives of Farmington Historical Society Inc and what are their salaries?
There 20 volunteers at Farmington Historical Society Inc.
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Where can I find the form 990 for Farmington Historical Society Inc?
Farmington Historical Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmington Historical Society Inc
The Farmington Historical Society Inc., an esteemed organization, is dedicated to uncovering, acquiring, and safeguarding the history of Farmington, Maine. Its primary mission is to delve into the past and safeguard it for future generations. The society has been actively engaged in the restoration and preservation of historical sites, with the Octagon House being a notable example. Funding for these preservation efforts has been sourced from grants. The Farmington Historical Society Inc. serves as a custodian of the town's past, ensuring that its rich history is not lost to time.
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Impact
August, 2024
Farmington Historical Society Inc's impact is profound in preserving the history of Farmington, Maine through its ongoing efforts in discovering, procuring, and safeguarding important historical artifacts and landmarks. One notable achievement includes the successful restoration and preservation of the Octagon House, a key historical site in the city. This restoration project was made possible through secured grants, showcasing the dedication and commitment of the society in upholding the rich heritage of Farmington. By actively engaging in such preservation activities, Farmington Historical Society Inc contributes significantly to the cultural enrichment and historical awareness of the community.
This information is meant to be a general summary of Farmington Historical Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$5,035
- Gross Receipts: $39,250
Assets and Liabilities:
- Total Assets: $543,827
- Total Liabilities: $0
- Net Assets: $543,827
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Organization Details
Founding Year
1984
Phone
(207) 778-2006Principal Officer
Janice G Maxham
Main Address
PO Box 575, Farmington, ME, 04938
NTEE Category
Code: A80 - Arts
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