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Needham Historical Society INC FY2020 filing

Tax-deductible

Needham, MA501(c)(3)Arts & CultureEIN 04-2625310Revenue $125K in FY2020

On file with the IRSneedhamhistory.org1147 Central Ave, 02492-1701 · Needham, MATax-exempt since Nov 1977Publicly supported — 509(a)(2)

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The Needham Historical Society (d/b/a Needham history center & museum) is a local non-profit whose mission is to collect, conserve and document needham's history. We gladly and unreservedly make these resources available to any party interested in the town's heritage.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $53K a year · 26% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$125K
Spent
$130K
To programs
95%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$125K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$125K
FY2021$160K
FY2022$203K
FY2023$184K
FY2024$365K
Expenses
$130K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$130K
FY2021$142K
FY2022$147K
FY2023$195K
FY2024$157K
Net assets
$3.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.4M
FY2022$3.2M
FY2023$3.3M
FY2024$3.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $123K Management & general 2% · $2K Fundraising 3% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Joe Hunter
Director
$0Pt VII · Sec A
Bill Mahoney
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Mahoney
Director
$0Pt VII · Sec A
Jon Davis
Director
$0Pt VII · Sec A
John Terry
Director
$0Pt VII · Sec A
See Needham Historical Society INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Collects, conserves, and shares Needham's history and heritage.

Questions for Needham Historical Society INC

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Provided by the organization

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1 program · $123K · in their own filed words · FY2020
01

To understand and value the unique history of the town of needham and to enhance the present and future culture, knowledge and civic pride of its citizens via a museum, gift shop, CRAFT/THEME workshops and guided tours.

$123Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Wolf & Company Charitable Foundation INCFY2025$500
Total grants receivedfrom 1 funder$500

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$125K
Ln 12
Gifts and grantsLn 1h$73K
Investment incomeLn 3$30K
Other incomeLn 4–11$22K
Money outPt IX
$130K
Ln 25
Programscol B$123K
Managementcol C$2K
Fundraisingcol D$4K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$253K
Total assetsLn 16$3.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$73K
Government grantsLn 1e$13K
Investment incomeLn 3$30K
Other incomeLn 4–11$22K
Gains on assetsLn 7$0
Total revenueLn 12$125K
Assets in detailPt X, end of year
SavingsLn 2$253K
Cash and savings togetherLn 1–2$253K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$572K
Other assetsLn 15$1.3M
Total assetsLn 16$3.3M
LiabilitiesLn 26$0
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$191K$253K
InvestmentsLn 11–13$1.1M$1.2M
Land, buildings, equipmentLn 10c$585K$572K
Total assetsLn 16$3.2M$3.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.2M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$63K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$2K$2K
Information technologyLn 14$2K$2K
OccupancyLn 16$6K$6K
Conferences, conventions and meetingsLn 19$160$160
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$13K$9K$4K
All other expensesLn 24e$219$134$85
Total functional expensesLn 25$130K$123K$2K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $365K$157K$208K$3.4M 990 PDF
FY2023 $184K$195K−$11K$3.3M 990 PDF
FY2022 $203K$147K$55K$3.2M 990 PDF
FY2021 $160K$142K$18K$3.4M 990 PDF
FY2020 Viewing $125K$130K−$4K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $125,386 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,461$73,308
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $45,502$29,856
I-11 Other revenuePrior year $30,740$22,222
I-12 Total revenuePrior year $131,703$125,386
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $63,481$68,090
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,224$61,478
I-18 Total expensesPrior year $147,705$129,568
I-19 Revenue less expensesPrior year −$16,002−$4,182
Part VI · Governance 25 of 25 board members independent, 3 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $125,386 across 9 lines filed
Lines not itemized here account for $1,549 of total revenue; see the IRS return.
VIII-1b Membership dues$22,497
VIII-1e Government grants$13,200
VIII-1f All other contributions, gifts and grants$37,611
VIII-1h Total contributions, gifts and grants$73,308
VIII-3 Investment incomeExcluded from tax $29,856$29,856
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $20,373$20,373
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $300$300
VIII-12 Total revenueRelated to mission $300 · Unrelated business $0 · Excluded from tax $51,778$125,386
Part IX · Statement of functional expenses $129,568 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,000$63,000
IX-10 Payroll taxesPrograms $5,090$5,090
IX-11a Management feesPrograms $2,975$2,975
IX-11c Accounting feesManagement $2,090$2,090
IX-13 Office expensesPrograms $2,449$2,449
IX-14 Information technologyPrograms $2,410$2,410
IX-16 OccupancyPrograms $6,280$6,280
IX-19 Conferences, conventions and meetingsPrograms $160$160
IX-22 Depreciation, depletion and amortizationPrograms $23,687$23,687
IX-23 InsurancePrograms $8,314$8,314
IX-24 Other expenses (24a–d)Programs $8,934 · Fundraising $3,960$12,894
IX-24e All other expensesPrograms $134 · Management $85$219
IX-25 Total functional expensesPrograms $123,433 · Management $2,175 · Fundraising $3,960$129,568
Part X · Balance sheet $3,291,321 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $191,213$253,204
X-8 Inventories for sale or useStart of year $9,800$9,800
X-10c Land, buildings and equipment, netStart of year $585,064$571,837
X-13 Program-related investmentsStart of year $1,124,445$1,151,480
X-15 Other assetsStart of year $1,305,000$1,305,000
X-16 Total assetsStart of year $3,215,522$3,291,321
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,215,522$3,291,321
X-32 Total net assets or fund balancesStart of year $3,215,522$3,291,321
X-33 Total liabilities and net assetsStart of year $3,215,522$3,291,321
Part XI · Reconciliation of net assets $3,291,321 net assets at year end
XI-1 Total revenue$125,386
XI-2 Total expenses$129,568
XI-3 Revenue less expenses−$4,182
XI-4 Net assets at start of year$3,215,522
XI-5 Net unrealized gains (losses) on investments$79,981
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,291,321

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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