Little Compton Historical Society Inc

EIN: 056010240 501(c)(3) Arts, Culture & Humanities

Little Compton, RI

Total Revenue
$401,753
Total Expenses
$326,426
Total Assets
$2,887,245
Net Assets
$2,872,798
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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
RI
Principal Officer
Steven Lubar
Tax Period
2023-01-01 to 2023-12-31

Little Compton Historical Society Inc, founded in 1937, is a small nonprofit in the Arts, Culture & Humanities sector that reported $402K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 19% operating margin.

Mission

Preservation of historical buildings, artifacts, and related community education.

Program Service Accomplishments

Program 1
Expenses: $131,773

Museum Program: The organization collects, preserves, and presents early landmarks of historical significance to the Town of Little Compton for the education and enrichment of the community. LCHS...

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Museum Program: The organization collects, preserves, and presents early landmarks of historical significance to the Town of Little Compton for the education and enrichment of the community. LCHS maintains historic buildings including Wilbor House, Friends Meeting House, Archival Barn,19th Century Barn, 19th Century Carriage House, Peggotty Artist Studio, Peaked Top School, Corn Crib, Privy, and the Chicken Food Cookhouse. The collection includes approximately 13,000 objects, photos, and documents relating to the history of Little Compton.

Program 2
Expenses: $50,060

The Sakonnet History project is a multiyear project, now in its research phase, and scheduled to go public-facing in the fall of 2024. In 2023 LCHS spoke about the project the Dublin Seminar, wrote...

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The Sakonnet History project is a multiyear project, now in its research phase, and scheduled to go public-facing in the fall of 2024. In 2023 LCHS spoke about the project the Dublin Seminar, wrote two essays for academic journals, continued our research, built relationships with Wampanoag consultants and undertook a major fundraising campaign. The estimated audience for this project in 2023 is 500 people.

Program 3
Expenses: $19,773

Inspired Crafts was our theme for 2023. It included an exhibit and a large number of hands-on programs for children and adults giving people the opportunity to practice traditional crafts. We...

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Inspired Crafts was our theme for 2023. It included an exhibit and a large number of hands-on programs for children and adults giving people the opportunity to practice traditional crafts. We estimate that 2500 people enjoyed the exhibit and took part in our classes.

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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 (2023)

Revenue Breakdown

Contributions & Grants $336,573
Program Service Revenue $5,725
Investment Income $55,283
Other Revenue $4,172
TOTAL REVENUE $401,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,123
Fundraising Expenses $27,227
Program Expenses $225,831
Other Expenses $164,303
TOTAL EXPENSES $326,426

Year-over-Year Comparison

2023 2022 Change
Revenue $401,753 $277,571 +0.4%
Expenses $326,426 $273,428 +0.2%
Net Income $75,327 $4,143 +17.2%
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
18
Independent Members
18
Employees
11
Volunteers
40

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
$0
Total Directors
18
$0
Key Employees
1
$87,405
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marjory OToole Executive Director 40.00
Key Emp
$87,405 $0 $87,405
Caroline Wordell Director 2.00
Director
$0 $0 $0
Michael Steers Director 0.50
Director
$0 $0 $0
Paul Suttell Director 0.50
Director
$0 $0 $0
Rowan Acebes Director 0.50
Director
$0 $0 $0
Charles Truslow Director 0.50
Director
$0 $0 $0
Richard Menoche Director 0.50
Director
$0 $0 $0
Juanita Goulart Director 0.50
Director
$0 $0 $0
Carolyn Montgomery Director 0.50
Director
$0 $0 $0
Fred Bridge Director 8.00
Director
$0 $0 $0
Shelley Bowen Director 8.00
Director
$0 $0 $0
Richard Lisle Director 0.50
Director
$0 $0 $0
Christopher Rawson Director 0.50
Director
$0 $0 $0
J William Middendorf Jr Director 0.50
Director
$0 $0 $0
Helen Richmond Webb Secretary 0.50
Officer Director
$0 $0 $0
Jane Lorch Vice President 2.00
Officer Director
$0 $0 $0
Bartlett Brownell Treasurer 12.00
Officer Director
$0 $0 $0
George Kilborn Asst Treasurer 1.00
Officer Director
$0 $0 $0
Steven Lubar President 4.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $401,753 $326,426 $2,887,245 $75,327
2022 $277,571 $273,428 $2,536,118 $4,143
2021 $1,337,898 $281,947 $2,773,911 $1,055,951
2020 $192,290 $181,044 $1,557,325 $11,246
2019 $200,152 $192,429 $1,415,667 $7,723
2018 $231,396 $180,818 $1,252,667 $50,578
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