Overview
What is Madison County Historical Society?
The Madison County Historical Society, situated at 801 North Main Street, Edwardsville, Illinois, is a dedicated nonprofit organization committed to preserving and sharing the history of Madison County. They achieve this by operating a museum filled with relevant artifacts and maintaining an archival library filled with historical records. Their facilities are open to the public free of charge, and they often host special exhibits and scheduled tours for various groups, including school children and families. The society offers lectures and informational presentations regularly, ensuring the community is engaged and educated about their local history. Their mission is to provide an open door to the past of Madison County, Illinois, by conserving its history through the collection of artifacts and records. They do not grant funds to other organizations. With a team of four dedicated individuals, they work tirelessly to preserve and share the rich history of Madison County.
Official website here: www.madcohistory.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
The Madison County Historical Society has received a low rating of 36%, which translates to a Zero-Star out of Four Stars designation. This score reflects significant concerns primarily in the Accountability & Finance category. While the organization has demonstrated strong governance with a fully independent board and no indication of asset diversion, it lacks several essential policies, including conflict of interest and whistleblower policies, which are critical for transparency and accountability.
The organization’s financial practices are also concerning; it has a program expense ratio of only 49.24%, indicating that less than half of its expenses are dedicated to its charitable programs. Additionally, the lack of posted financial documents on its website adds to the transparency issues highlighted by its low score. The liabilities to assets ratio of 0.00% suggests that the organization has no liabilities recorded, but without proper financial documentation, this claim remains unverified.
Overall, while the Madison County Historical Society possesses strong independent governance, its significant shortcomings in policy implementation and financial transparency are serious limitations that potential donors should consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Madison County Historical Society legitimate?
Madison County Historical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison County 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: $47,888
For more financial information, click here
Official website here: www.madcohistory.org
What is the mission statement of Madison County Historical Society?
The Madison County Historical Society, as stated in its mission, is dedicated to opening doors to the rich history of Madison County, Illinois. They achieve this by preserving historical artifacts and records related to the county and its residents. The society's primary objective is to maintain a museum and an archival library, which are open to the public at no charge. They host special exhibits and offer scheduled tours for various groups, including school children and families. Furthermore, the archival library serves as a collection of historical records, and the society frequently conducts lectures and informational presentations to share and educate about Madison County's history. All revenue generated is utilized to support the operation, maintenance, and educational outreach of the museum and library.
Official website here: www.madcohistory.org
Who is the CEO of Madison County Historical Society?
Fred Faust is the President of Madison County Historical Society.
Official website here: www.madcohistory.org
What is the revenue of Madison County Historical Society?
Madison County Historical Society's revenue in 2022 was $472,456.
Official website here: www.madcohistory.org
Who are the executives of Madison County Historical Society and what are their salaries?
The average compensation at Madison County Historical Society during 2022 was $11,972. There are 4 employees and 38 volunteers at Madison County Historical Society.
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Official website here: www.madcohistory.org
Where can I find the form 990 for Madison County Historical Society?
Madison County Historical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madcohistory.org
Learn more at the official website: www.madcohistory.org
Mission Statement of Madison County Historical Society
The Madison County Historical Society, in its mission statement, is dedicated to 'Opening Doors to Madison County History.' This organization plays a vital role in preserving the rich history of Madison County, Illinois, by collecting and safeguarding artifacts and historical records related to the county and its residents. By maintaining a museum and an archival library, the Society offers a wealth of information about the county's past, making it freely accessible to the public. The Society's facilities are open for visits, and special exhibits are occasionally displayed to engage visitors. Additionally, organized tours for groups, schools, families, and others are conducted, providing an immersive experience into Madison County's history. The archival library is a treasure trove of historical records, primarily focused on Madison County and its inhabitants. Lectures and informational presentations are frequently offered by the Society to educate and enlighten the public about the county's history. The Society's operations and educational outreach are funded through the revenue generated, with no grants disbursed to other entities.
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Impact
July, 2024
The Madison County Historical Society's impact can be seen in its dedication to preserving the rich history of Madison County, Illinois. Through its museum of artifacts and historical records, the society provides a valuable resource for individuals interested in learning about the past of the county. By offering free access to its facilities, hosting special exhibits, conducting tours, and providing educational presentations, the society plays a crucial role in engaging the community and fostering a deeper appreciation for local history. The society's mission of "Opening Doors to Madison County History" is reflected in its efforts to uphold and share the heritage of the area.
This information is meant to be a general summary of Madison County 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: $2,800
- Program Service Revenue: $71
- Gross Receipts: $497,088
Assets and Liabilities:
- Total Assets: $946,812
- Total Liabilities: $0
- Net Assets: $946,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Copy fees71
Revenue
$71
Organization Details
Founding Year
1921
Phone
(618) 656-7562Principal Officer
Fred Faust
Main Address
801 North Main Street, Edwardsville, IL, 62025
Website
www.madcohistory.orgNTEE Category
Code: A80 - Arts
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