Overview
What is New Salem Historical Society?
The New Salem Historical Society, situated in New Salem, North Dakota, is a dedicated nonprofit organization. Their primary mission is to establish a local museum, fostering interest in the past and safeguarding it for future generations. They achieve this by preserving historical buildings and promoting education about the past. The society's work extends beyond just maintaining buildings, as they aim to create a vibrant connection with history, ensuring that it remains a relevant and engaging part of our collective consciousness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
The New Salem Historical Society has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. With a strong accountability and finance score of 100%, the society shows solid management practices in terms of its board composition and the absence of asset diversion. However, despite these strengths, significant gaps in governance practices have been noted.
The organization has not established key policies such as conflict of interest, whistleblower, and document retention and destruction policies, which were all marked as missing. These missing policies hinder the overall governance score and suggest areas where the organization could enhance its operational transparency and accountability. While the society maintains good financial health, as evidenced by a low liabilities to assets ratio of 0.00% and a program expense ratio of 73.15%, the lack of essential policies can detract from donor confidence.
In summary, while the New Salem Historical Society demonstrates strong financial and governance practices in certain areas, it must address its shortcomings in policy implementation to improve its overall rating and effectiveness as a nonprofit organization. Enhancing these policies will be crucial for building trust with stakeholders and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is New Salem Historical Society legitimate?
New Salem Historical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Salem 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.
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What is the mission statement of New Salem Historical Society?
The New Salem Historical Society's mission is centered around establishing a local museum to foster interest in historical past and preserve it for future generations. Their objective is to maintain historical buildings as a means of educating the public about the past, thereby ensuring its continuity for future generations. The society's activities aim to stimulate interest in history while safeguarding historical artefacts and structures, thereby passing on valuable historical knowledge to future generations.
Who is the CEO of New Salem Historical Society?
Leonard Maier is the Director of New Salem Historical Society.
What is the revenue of New Salem Historical Society?
New Salem Historical Society's revenue in 2022 was $50,522.
Who are the executives of New Salem Historical Society and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for New Salem Historical Society?
New Salem Historical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Salem Historical Society
The New Salem Historical Society is dedicated to establishing a local museum with the purpose of fostering interest in the past and preserving it for future generations. This esteemed organization believes in the importance of maintaining historical buildings as a means to educate and enlighten society about the past. By doing so, the New Salem Historical Society aims to ensure that the rich history of our ancestors is not lost but carried forward for generations to come.
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Impact
August, 2024
The New Salem Historical Society plays a vital role in preserving the rich history of the local area and educating future generations about the past. By maintaining historical buildings and establishing a local museum, the society successfully creates interest in the community's history and ensures that it is safeguarded for the future. Through their educational efforts, they contribute to the cultural enrichment of New Salem, North Dakota, and promote a deeper understanding of the area's heritage.
This information is meant to be a general summary of New Salem 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: $41,059
- Gross Receipts: $50,522
Assets and Liabilities:
- Total Assets: $685,053
- Total Liabilities: $0
- Net Assets: $685,053
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Organization Details
Phone
(701) 843-7039Principal Officer
Leonard Maier
Main Address
PO BOX 160, NEW SALEM, ND, 585630160
NTEE Category
Code: A80 - Arts
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