North Andover Historical Society

EIN: 042259628 501(c)(3) Arts, Culture & Humanities

North Andover, MA

Total Revenue
$541,237
Total Expenses
$617,558
Total Assets
$5,033,306
Net Assets
$5,011,675
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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
MA
Principal Officer
Mark Svendsen
Phone
9786864035
Tax Period
2024-01-01 to 2024-12-31

North Andover Historical Society, founded in 1933, is a small nonprofit in the Arts, Culture & Humanities sector that reported $541K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $618K exceeded revenue, resulting in a 14% operating deficit.

Mission

The society is dedicated to preserving, aquiring, teaching, exhibiting and researching North Andover history, which it does mainly through its collections. The society serves as a repository for artifacts, archival infomation, and objects made or used in the North Andover area from the late 17th through the early 21st century. In addition, the North Andover Historical Society supports and promotes the architechural and landscape heritage of the town.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $360,813
Program Service Revenue $33,543
Investment Income $135,837
Other Revenue $11,044
TOTAL REVENUE $541,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,480
Fundraising Expenses $68,754
Program Expenses $429,584
Other Expenses $426,047
TOTAL EXPENSES $617,558

Year-over-Year Comparison

2024 2023 Change
Revenue $541,237 $457,978 +0.2%
Expenses $617,558 $595,428 +0.0%
Net Income $-76,321 $-137,450 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$86,266
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stan Limpert Trustee 2.00
Director
$0 $0 $0
Therese Leone Trustee 2.00
Director
$0 $0 $0
James Worden Trustee 2.00
Director
$0 $0 $0
Stuart Peskoe Trustee 2.00
Director
$0 $0 $0
Kyle Scandore Trustee 2.00
Director
$0 $0 $0
Mark Pelletier Trustee 2.00
Director
$0 $0 $0
Leah Piantedosi Trustee 2.00
Director
$0 $0 $0
David Kres President 5.00
Officer
$0 $0 $0
Mark Svendsen Treasurer 5.00
Officer
$0 $0 $0
Tracy Wakeman Secretary 4.00
Officer
$0 $0 $0
Michael Lenihan Vice President 4.00
Officer
$0 $0 $0
Joanna Collantine Kerr Executive Director 40.00
Officer
$84,725 $1,541 $86,266
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $541,237 $617,558 $5,033,306 $-76,321
2023 $457,978 $595,428 $4,823,629 $-137,450
2022 $312,939 $484,394 $4,782,283 $-171,455
2021 $474,451 $467,680 $5,491,357 $6,771
2020 $1,656,180 $268,409 $6,398,178 $1,387,771
2020 $894,030 $268,409 $5,416,781 $625,621
2019 $749,624 $293,210 $4,748,153 $456,414
2018 $222,970 $249,586 $4,030,646 $-26,616
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