Overview
What is Morristown Historical Society Inc?
Morristown Historical Society Inc, located in Morrville, Vermont, is a small yet dedicated nonprofit organization with a mission to preserve and share the history of Morristown. With a team of three individuals, they meticulously study, record, collect, and safeguard historical information related to the area. Their objective is to educate the community about Morristown's rich past, achieving this through engaging exhibits, informative programs, and granting public access to their extensive collection. By providing these resources, Morristown Historical Society Inc plays a crucial role in fostering a sense of heritage and pride in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Morristown Historical Society Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations. With an overall score of 73%, the organization demonstrates strong accountability and financial management, evidenced by a 90% independent board and no material diversion of assets. The society also maintains a healthy liabilities to assets ratio of 0.02%, reflecting low financial risk.
Strengths include a solid program expense ratio of 87.88%, suggesting that a significant majority of its financial resources are directed towards its mission-related activities. The organization documents board meeting minutes, which enhances transparency, and the independent board size contributes to governance integrity. These factors indicate a commitment to responsible stewardship of resources.
However, the overall rating suggests there are areas for growth and improvement within the organization. While the society excels in certain financial metrics, potential donors and stakeholders may want to consider how the organization can enhance its impact and operational effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Morristown Historical Society Inc legitimate?
Morristown Historical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morristown 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $12,287
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,316
For more financial information, click here
What is the mission statement of Morristown Historical Society Inc?
The Morristown Historical Society Inc is dedicated to studying, recording, collecting, and preserving the historical past of Morristown and its surrounding areas for future generations. They achieve this mission by providing educational opportunities through exhibits, programs, and access to their extensive collection. The primary goal of the society is to spread knowledge about Morristown's rich history, thereby promoting a deeper understanding and appreciation of its past. The society's activities contribute to the enrichment of the community by fostering an interest in local history and encouraging historical preservation.
Who is the CEO of Morristown Historical Society Inc?
Richard Sargent is the Director of Morristown Historical Society Inc.
What is the revenue of Morristown Historical Society Inc?
Morristown Historical Society Inc's revenue in 2022 was $56,895.
Who are the executives of Morristown Historical Society Inc and what are their salaries?
The average compensation at Morristown Historical Society Inc during 2022 was $7,201. There are 3 employees and 9 volunteers at Morristown Historical Society Inc.
Here are 10 key members and their salaries:
- Compensation: $12,287
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Where can I find the form 990 for Morristown Historical Society Inc?
Morristown Historical Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morristown Historical Society Inc
The Morristown Historical Society Inc is dedicated to the pursuit of understanding and safeguarding the history of Morristown and its surrounding areas. Their primary objective is to delve into the past, document significant events, accumulate relevant artifacts, and preserve these historical relics for future generations. To fulfill this mission, the society engages in educational outreach, utilizing exhibits, programs, and access to its extensive collection as tools to enlighten the public about Morristown's rich history. By providing such educational opportunities, the Morristown Historical Society Inc aims to foster a deeper appreciation and understanding of the area's past, ensuring that its legacy endures for generations to come.
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Impact
August, 2024
Morristown Historical Society Inc has a significant impact on its community by studying, recording, collecting, and preserving the rich history of Morristown and its environs. Through exhibits, programs, and access to its collections, the society provides valuable education about Morristown's history to residents and visitors alike. This helps to promote a deeper understanding and appreciation of the cultural heritage of the area, contributing to a sense of pride and connection among local residents. Additionally, the society's efforts help to ensure that the history of Morristown is safeguarded for posterity, allowing future generations to learn from and be inspired by the stories of the past.
This information is meant to be a general summary of Morristown 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: $53,015
- Program Service Revenue: $647
- Gross Receipts: $216,627
Assets and Liabilities:
- Total Assets: $1,113,581
- Total Liabilities: $233
- Net Assets: $1,113,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM ADMISSION
Revenue
$647
Organization Details
Founding Year
1952
Phone
(802) 888-7617Principal Officer
Richard Sargent
Main Address
PO BOX 1299, MORRISVILLE, VT, 05661
NTEE Category
Code: A80 - Arts
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