SALEM COUNTY HISTORICAL SOCIETY

EIN: 222355827 501(c)(3) Arts, Culture & Humanities

SALEM, NJ

Total Revenue
$301,637
Total Expenses
$314,724
Total Assets
$4,994,780
Net Assets
$4,973,721
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NJ
Principal Officer
BARBARA J DAWSON
Phone
8569355004
Tax Period
2024-01-01 to 2024-12-31

SALEM COUNTY HISTORICAL SOCIETY, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $302K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $5.0M represent 198 months of operating reserves.

Mission

THE SOCIETY'S EXEMPT PURPOSE IS TO DISCOVER, PROCURE, AND PRESERVE WHATEVER MAY RELATE TO THE NATURAL, CIVIL, LITERARY AND ECCLESIASTICAL HISTORY OF SALEM COUNTY AND PERPETUATE THE HISTORICAL HERITAGE FOR PRESENT AND FUTURE GENERATIONS.

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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 $40,342
Program Service Revenue $1,328
Investment Income $238,776
Other Revenue $21,191
TOTAL REVENUE $301,637

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,534
Fundraising Expenses $7,424
Program Expenses $24,384
Other Expenses $151,190
TOTAL EXPENSES $314,724

Year-over-Year Comparison

2024 2023 Change
Revenue $301,637 $332,527 -0.1%
Expenses $314,724 $281,149 +0.1%
Net Income $-13,087 $51,378 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
58

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
7
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA J DAWSON PRESIDENT N/A
Officer Director
$0 $0 $0
GAYNEL SCHNEEMAN VICE PRESIDE N/A
Officer Director
$0 $0 $0
ELLEN MORRISSEY VP LIBRARY N/A
Officer Director
$0 $0 $0
CRAIG SCHNEEMAN VP BLDG & GR N/A
Officer Director
$0 $0 $0
MAGGIE VAUGHAN VP MEMBERSHI N/A
Officer Director
$0 $0 $0
RONALD E MAGILL VP MUSEUM N/A
Officer Director
$0 $0 $0
JIM STRAUGHN TRUSTEE N/A
Director
$0 $0 $0
MARTHA HOGAN-BATTISTI TRUSTEE N/A
Director
$0 $0 $0
SHARON KELLUM TRUSTEE N/A
Director
$0 $0 $0
JONATHAN FEINMAN TREASURER N/A
Officer Director
$0 $0 $0
STACY SHORTER CARNEY TRUSTEE N/A
Director
$0 $0 $0
CRAIG SCHNEEMAN TRUSTEE N/A
Director
$0 $0 $0
JIM LUDLAM TRUSTEE N/A
Director
$0 $0 $0
BONNY BETH ELWELL TRUSTEE N/A
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 $301,637 $314,724 $4,994,780 $-13,087
2023 $332,527 $281,149 $4,792,193 $51,378
2022 $328,078 $309,034 $4,442,569 $19,044
2021 $371,721 $245,299 $5,402,773 $126,422
2020 $229,316 $219,314 $5,003,457 $10,002
2019 $291,740 $232,388 $4,637,132 $59,352
2018 $122,065 $214,470 $4,134,624 $-92,405
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