Overview
What is New River Historical Society?
The New River Historical Society is a nonprofit organization based in Newbern, Virginia. With a focus on preserving and showcasing the history of Virginia's New River Valley, they operate the Wilderness Road Regional Museum. This museum serves a dual purpose: collecting, preserving, and displaying historical artifacts, and educating the public about the region's past. Notably, they have restored and opened the 1800's Loom House and Milking Barn, where related artifacts are now on display, and living history demonstrations take place. This active endeavor allows the society to engage the community and bring history to life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star Rating)
The New River Historical Society has received a low rating of 56%, which indicates potential issues related to its governance and financial practices. Notably, the organization does not have any independent board members, which raises concerns about accountability and oversight. While it has performed well in certain areas, such as a perfect score for material diversion of assets and a high program expense ratio, the absence of independent board members and key policies undermines its overall accountability.
On a positive note, the society has successfully demonstrated strong financial management with a liabilities to assets ratio of 1.13%, signaling that it is not over-leveraged. It also maintains a good program expense ratio of 79%, suggesting that a significant portion of its resources is directed towards its programs and mission. Furthermore, the organization lists its website on its tax form and has documented board meeting minutes, indicating some level of transparency.
However, critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy are all missing, which raises red flags regarding governance practices. To improve its standing, the New River Historical Society may need to focus on strengthening its board independence and implementing essential governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is New River Historical Society legitimate?
New River Historical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. New River 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New River Historical Society?
The New River Historical Society, through its affiliation with the Wilderness Road Museum, has a twofold mission. Firstly, it endeavors to accumulate, safeguard, and exhibit artifacts that shed light on the history of Virginia's New River Valley. Secondly, it aims to enlighten the public about the region's rich past. The society's efforts are primarily focused on preserving and showcasing historical materials, as well as educating citizens on the area's historical significance. After completing repairs on the 1800's Loom House and Milking Barn, the society has been able to display related artifacts and conduct living history demonstrations, further enriching visitors' understanding of the past.
Who is the CEO of New River Historical Society?
Susan Disalvo is the President of New River Historical Society.
What is the revenue of New River Historical Society?
New River Historical Society's revenue in 2022 was $72,753.
Who are the executives of New River Historical Society and what are their salaries?
There 125 volunteers at New River Historical Society.
Here are 5 key members and their salaries:
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Where can I find the form 990 for New River Historical Society?
New River Historical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New River Historical Society
The New River Historical Society, a dedicated organization, is committed to two primary objectives. Firstly, it focuses on amassing, safeguarding, and showcasing artifacts that tell the tale of Virginia's New River Valley's rich history. Secondly, the society seeks to enlighten the general public about this region's past, acting as an educator for its citizens. This is achieved through the operation of the Wilderness Road Regional Museum, a treasure trove of historical relics and knowledge. By repairing facilities such as the 1800's Loom House and Milking Barn, the society ensures that these historical artifacts are preserved and can be used for living history demonstrations, providing a tangible connection to the past.
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Impact
August, 2024
The New River Historical Society's impact is deeply felt in the preservation and dissemination of the rich history of Virginia's New River Valley. Through the Wilderness Road Museum, owned and operated by the society, they have worked diligently to collect, preserve, and display materials that bring to life the region's past. This dedication to showcasing artifacts and educating citizens about the area's history has not only enriched the community's understanding of its heritage but also served as a vital link to the past for future generations. Additionally, their efforts in restoring historical buildings like the 1800's Loom House and Milking Barn have provided a tangible connection to the past through living history demonstrations, allowing visitors to experience firsthand the traditions and lifestyles of those who came before us.
This information is meant to be a general summary of New River 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: $2,281
- Program Service Revenue: $17,504
- Gross Receipts: $73,471
Assets and Liabilities:
- Total Assets: $585,080
- Total Liabilities: $3,684
- Net Assets: $581,396
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Organization Details
Founding Year
1976
Principal Officer
Susan Disalvo
Main Address
P O Box 373, Newbern, VA, 241260373
NTEE Category
Code: A54 - Arts
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