Durant Historical Society Inc

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

EIN: 731085638 ✦ Durant, OK ✦ Designated as a 501(c)(3)

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Overview

What is Durant Historical Society Inc?

The Durant Historical Society Inc, situated in an undisclosed location, is a dedicated nonprofit organization. Its primary mission is centered around preserving history, achieving this through the operation of the Three Valley Museum. This museum serves as a cultural hub within the community, attracting visitors with its educational and informational programs. In 2022, the museum welcomed approximately 1658 visitors, marking a significant increase from the 707 visitors it welcomed in 2020. Beyond the museum, Durant Historical Society Inc also provides various community services, enhancing public knowledge and appreciation for history.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

The Durant Historical Society Inc has received a rating of two stars, indicating that it requires improvement despite a strong accountability and finance score of 100%. Key strengths include an independently governed board, comprised entirely of independent members, and a very low liabilities to assets ratio of 0.24%. The organization also demonstrates a solid commitment to its programs, with an impressive program expense ratio of 86.65%, reflecting that a significant portion of its budget is dedicated to its mission.

Moreover, the nonprofit has shown transparency by documenting board meeting minutes and has no reported material diversion of assets. The salaries of key individuals are modest, with the curator earning $23,400 and others serving without compensation, which may reflect a dedication to reducing administrative costs and maximizing funds for programming.

However, the overall two-star rating suggests that there may be areas needing enhancement in terms of organizational effectiveness or fundraising strategies. While the financial health appears robust, the society may benefit from further developmental improvements to boost its operational impact and rating in the future.


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

Is Durant Historical Society Inc legitimate?

Durant Historical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Durant Historical Society Inc submitted a form 990EZ, 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.

What is the mission statement of Durant Historical Society Inc?

The Durant Historical Society Inc, through its mission, focuses on preserving historical knowledge by managing the Three Valley Museum and offering community services. These services are primarily delivered through educational programs. The society's efforts have resulted in notable visitor numbers, with approximately 1658 visitors in 2022 and around 707 visitors in 2020. The organization's primary goal is to safeguard historical information and engage the community through informative initiatives.

Who is the CEO of Durant Historical Society Inc?

Greg Philips is the President of Durant Historical Society Inc.

What is the revenue of Durant Historical Society Inc?

Durant Historical Society Inc's revenue in 2022 was $63,654.

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


Here are 4 key members and their salaries:


Nancy Ferris (Curator)
  • Compensation: $23,400
  • Related: $0
  • Other: $0
Greg Philips (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Rainbolt (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caroline Hill (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Durant Historical Society Inc?

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

Mission Statement of Durant Historical Society Inc

The Durant Historical Society Inc plays a significant role in preserving history by operating the Three Valley Museum and providing various community services. Their mission is centered around educating the public through informational programs. The society has been successful in attracting visitors to the museum, with 1658 individuals attending in 2022 and 707 in 2020. This nonprofit organization is dedicated to safeguarding historical artifacts and sharing knowledge with the community, thereby promoting a deeper understanding of the past.

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Impact




August, 2024

Durant Historical Society Inc plays a crucial role in preserving history and enriching the community through its operations of the Three Valley Museum. In 2022 alone, the museum welcomed approximately 1,658 visitors, indicating a significant increase from the 707 visitors in 2020. This substantial growth reflects the society's impact in raising awareness about the area's history and engaging the public with educational programs and exhibits. Additionally, by providing informational programs and services, the Durant Historical Society Inc contributes to the cultural enrichment of the city and fosters a deeper appreciation for the arts and heritage among its residents and visitors.




This information is meant to be a general summary of Durant Historical Society Inc. 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
$63,654 (2022)
Expenses
$103,709 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,320
  • Gross Receipts: $94,936

Assets and Liabilities:

  • Total Assets: $372,134
  • Total Liabilities: $954
  • Net Assets: $371,180

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Organization Details

Principal Officer

Greg Philips

Main Address

401 W Main, Durant, OK, 74701

NTEE Category

Code: A54 - Arts

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