Overview
What is Newstead Historical Society?
The Newstead Historical Society is a dedicated nonprofit organization situated in Akron, focused on preserving and restoring historical landmarks. Notable among their preservation efforts is the Octagon House, and they have also revitalized a historic museum located at 123 Main St. The society's activities include hosting monthly free programs, which attract an average audience of 50-60 individuals, fostering a strong community interest in local history. Their mission is multifaceted, encompassing historical preservation, restoration, and public education, empowering the community to appreciate and learn from their rich past.
Official website here: www.newsteadhistoricalsociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Newstead Historical Society received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is based entirely on a single beacon score, showcasing the organization's focus on fiscal responsibility. The society has demonstrated strong governance with 100% of its board members being independent and a commendable program expense ratio of 97.51%, which suggests that most of its resources are allocated toward its mission.
However, the organization does have some notable weaknesses, particularly in compliance with best practices. There is a lack of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are important for transparency and accountability. These omissions may raise concerns about the overall governance practices within the organization.
Despite these limitations, the Newstead Historical Society's strengths in board independence and fiscal management are encouraging. Their high program expense ratio indicates a commitment to their mission, underscoring their potential for positive impact within the community. Overall, while improvements in governance policies are needed, the organization is currently operating with a solid financial framework.
This AI summary has been generated from information found on Charity Navigator.
Is Newstead Historical Society legitimate?
Newstead Historical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newstead Historical Society 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newsteadhistoricalsociety.org
What is the mission statement of Newstead Historical Society?
The Newstead Historical Society is dedicated to the preservation and restoration of historical landmarks. One of their key projects involves the Octagon House, which they meticulously maintain. Furthermore, they conduct monthly free programs, attracting an average crowd of 50-60 individuals. Additionally, they have revitalized a historic museum located at 123 Main St., Akron. The society's mission encompasses the conservation of the past, aiming to educate and engage the community in the rich historical heritage.
Official website here: www.newsteadhistoricalsociety.org
Who is the CEO of Newstead Historical Society?
Patricia Pearce is the Recording Secretary of Newstead Historical Society.
Official website here: www.newsteadhistoricalsociety.org
What is the revenue of Newstead Historical Society?
Newstead Historical Society's revenue in 2022 was $52,779.
Official website here: www.newsteadhistoricalsociety.org
Who are the executives of Newstead Historical Society and what are their salaries?
There 14 volunteers at Newstead Historical Society.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newsteadhistoricalsociety.org
Where can I find the form 990 for Newstead Historical Society?
Newstead Historical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newsteadhistoricalsociety.org
Learn more at the official website: www.newsteadhistoricalsociety.org
Mission Statement of Newstead Historical Society
The Newstead Historical Society is dedicated to the preservation and restoration of historical landmarks. One of their key projects involves the upkeep of the Octagon House, a notable historical structure. Beyond physical restoration, the society also hosts monthly free programs that attract an average of 50 to 60 attendees. These events serve as educational platforms, allowing individuals to delve deeper into the rich history that the society safeguards. Furthermore, the Newstead Historical Society has refurbished the historic museum located at 123 Main St., Akron. This restoration effort has breathed new life into the museum, making it a valuable resource for those interested in local history. Overall, the Newstead Historical Society plays a significant role in preserving and sharing historical knowledge, ensuring that these stories continue to be a part of the collective consciousness.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Newstead Historical Society has made a significant impact in AKRON, NY by preserving and restoring historical landmarks such as the Octagon House. They have also played a crucial role in refurbishing the historic museum at 123 Main St., Akron. Additionally, the society's monthly free programs, which attract an average attendance of 50-60 people, have helped educate and engage the community in local history. Overall, Newstead Historical Society's efforts have contributed to the preservation and celebration of AKRON's rich historical heritage.
This information is meant to be a general summary of Newstead Historical Society. 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: $5,574
- Program Service Revenue: $5,450
- Gross Receipts: $52,779
Assets and Liabilities:
- Total Assets: $819,457
- Total Liabilities: $0
- Net Assets: $819,457
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Town Contract
Revenue
$5,450
Organization Details
Founding Year
1960
Principal Officer
Patricia Pearce
Main Address
PO Box 22, Akron, NY, 14001
NTEE Category
Code: A80 - Arts
If you are a representative of Newstead Historical Society and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.