Overview
What is Putney Historical Society Inc?
Putney Historical Society Inc is a nonprofit organization established in Putney, Vermont. Their primary mission is to foster an appreciation for the town's history by connecting individuals with a shared interest. They collect relevant historical materials and even acquire property to protect significant resources. The Society owns the Putney General Store Building and leases it to a retail operator, demonstrating their commitment to preserving local heritage while contributing to the community's economic vitality.
Official website here: www.putneyhistory.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
The Putney Historical Society Inc has received a low rating of 36%, corresponding to a Zero-Star out of Four Stars designation. This score primarily reflects issues in the Accountability & Finance category, indicating significant areas for improvement. Although the organization has a fully independent board and demonstrates no material diversion of assets, deficiencies in essential policies have notably impacted the rating.
Strengths identified include a fully independent board composed of 10 members and compliance in documenting board meeting minutes. However, the absence of critical governance policies, such as a conflict of interest policy and a whistleblower policy, has contributed to the overall low score. Additionally, the organization has not posted its tax form on its website, which raises concerns regarding transparency.
The financial health of the organization is further called into question by a low program expense ratio of 36.67% and a liabilities to assets ratio of 14.73%. These figures suggest that the society may not be allocating sufficient resources towards its programs, which could limit its effectiveness in carrying out its mission. Overall, while there are some positive governance aspects, the organization faces significant challenges in policy adherence and financial management that need to be addressed.
This AI summary has been generated from information found on Charity Navigator.
Is Putney Historical Society Inc legitimate?
Putney Historical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Putney 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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Official website here: www.putneyhistory.us
What is the mission statement of Putney Historical Society Inc?
The Putney Historical Society Inc is dedicated to fostering interest in the historical background of a certain town. Their mission involves gathering relevant materials related to this town's history and acquiring properties to preserve its historical resources. This organization aims to preserve the town's history for future generations. To achieve this, they may acquire property to safeguard historical artifacts and resources.
Official website here: www.putneyhistory.us
Who is the CEO of Putney Historical Society Inc?
Thomas Jamison is the President of Putney Historical Society Inc.
Official website here: www.putneyhistory.us
What is the revenue of Putney Historical Society Inc?
Putney Historical Society Inc's revenue in 2023 was $18,868.
Official website here: www.putneyhistory.us
Who are the executives of Putney Historical Society Inc and what are their salaries?
There 30 volunteers at Putney Historical Society Inc.
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Official website here: www.putneyhistory.us
Where can I find the form 990 for Putney Historical Society Inc?
Putney Historical Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.putneyhistory.us
Learn more at the official website: www.putneyhistory.us
Mission Statement of Putney Historical Society Inc
The Putney Historical Society Inc, a nonprofit organization, is committed to fostering an interest in the historical background of Putney, Vermont. Its primary objective is to accumulate any relevant material related to the town's history and preserve valuable historic resources. To achieve this mission, the society occasionally acquires property to safeguard historical artifacts and sites. The Putney Historical Society Inc serves as a platform for individuals who share a passion for the town's history, providing a space for them to connect and contribute to its preservation.
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Impact
August, 2024
Putney Historical Society Inc has made a significant impact in preserving the history of Putney, Vermont. The society's efforts to bring together individuals interested in the town's history, collect materials relevant to Putney's past, and acquire property to preserve historic resources have contributed to the preservation and promotion of the town's heritage. Additionally, the ownership of the Putney General Store Building and its rental to a store operator not only supports local businesses but also ensures the maintenance of a significant historical landmark. Through these activities, Putney Historical Society Inc plays a vital role in safeguarding Putney's cultural legacy for current and future generations.
This information is meant to be a general summary of Putney 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 2023.
- Investment Income: $14
- Gross Receipts: $52,204
Assets and Liabilities:
- Total Assets: $851,222
- Total Liabilities: $125,420
- Net Assets: $725,802
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Organization Details
Founding Year
1959
Phone
(802) 387-4411Principal Officer
Thomas Jamison
Main Address
PO BOX 260, PUTNEY, VT, 053460260
Website
www.putneyhistory.usNTEE Category
Code: A50Z - Arts
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