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Elizabeth Historical Society

Elizabeth Historical Society

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364122973 ✦ Elizabeth, IL ✦ Designated as a 501(c)(3)

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Overview

What is Elizabeth Historical Society?

The Elizabeth Historical Society, situated in Elizabeth, Illinois, is a dedicated nonprofit organization. Their primary mission revolves around restoring and preserving a depot, transforming it into a museum. They also maintain a separate house for additional museum exhibits. The society manages the income and expenses associated with maintaining these two museums, ensuring their upkeep and continued use for the community. Through their initiatives, the Elizabeth Historical Society plays a significant role in preserving and showcasing the region's history and heritage.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 10%

The Elizabeth Historical Society has received a poor rating of 10% on Charity Navigator, which corresponds to a Zero-Star out of Four Star rating. This low score indicates significant concerns regarding the charity's accountability and financial practices. The organization does not have independent board members and fails to meet several transparency requirements, such as having a published conflict of interest policy and a whistleblower policy.

In terms of financial accountability, the society has not shown material diversion of assets, which is a positive aspect. However, the overall lack of independent oversight and failure to maintain essential documentation on its website raises serious questions about governance. Additionally, the charity's financial ratios indicate a complete lack of program expenses, which suggests that it may not be utilizing its resources effectively for its intended mission.

Overall, the Elizabeth Historical Society's low rating reflects substantial deficiencies in governance and financial transparency, making it a concern for potential donors and supporters. It will need to address these issues to improve its standing and ensure it is fulfilling its mission effectively.


This AI summary has been generated from information found on Charity Navigator.

Is Elizabeth Historical Society legitimate?

Elizabeth Historical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elizabeth 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

What is the mission statement of Elizabeth Historical Society?

The Elizabeth Historical Society is dedicated to restoring and preserving a Depot, transforming it into a museum. Additionally, they maintain an extra space within a House, also utilized as a museum. Their primary objective is to preserve and showcase historical artifacts and information, providing educational programs for the public. The society manages their financial resources effectively, ensuring the continued maintenance of these two museum spaces.

Who is the CEO of Elizabeth Historical Society?

Gerald W Speer is the Principal Officer of Elizabeth Historical Society.

What is the revenue of Elizabeth Historical Society?

Elizabeth Historical Society's revenue in 2022 was $21,161.

Who are the executives of Elizabeth Historical Society and what are their salaries?


Here are 6 key members and their salaries:


Gerald Speer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Hanson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Steffenson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Dittmar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Strain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Thorsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Elizabeth Historical Society?

Elizabeth Historical Society's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Elizabeth Historical Society

The Elizabeth Historical Society is committed to restoring and preserving a Depot, transforming it into a museum. This organization's mission extends beyond just the Depot, as it also aims to maintain a separate space for an additional museum. By undertaking these preservation efforts, the society aims to provide a platform for showcasing historical artifacts and exhibits, ensuring that the rich past is not lost to the sands of time. The society is dedicated to managing the financial aspects associated with maintaining these museums, ensuring their continuity and upkeep.

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Impact




August, 2024

The Elizabeth Historical Society plays a crucial role in preserving the heritage and history of Elizabeth, Illinois. Through its restoration and maintenance of the Depot as a museum and a House for additional exhibits, the society ensures that the community's historical artifacts are not only protected but also made accessible to the public. By offering programs and managing resources effectively, the society is able to uphold its mission of restoring and preserving these important historical spaces. The impact of the Elizabeth Historical Society is evident in its commitment to preserving the local history and promoting an appreciation for the arts within the community.




This information is meant to be a general summary of Elizabeth 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.

Revenue
$21,161 (2022)
Expenses
$12,682 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $276
  • Gross Receipts: $21,161

Assets and Liabilities:

  • Total Assets: $271,244
  • Total Liabilities: $0
  • Net Assets: $271,244

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Organization Details

Founding Year

2005

Principal Officer

Gerald W Speer

Main Address

106 W MYRTLE ST, ELIZABETH, IL, 61028

NTEE Category

Code: A540 - Arts

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