Ridge Historical Society

EIN: 237222417 501(c)(3)

Chicago, IL

Total Revenue
$62,179
Total Expenses
$50,529
Total Assets
$1,032,439
Net Assets
$1,032,439
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
IL
Principal Officer
Debra Nemeth
Phone
3125159435
Tax Period
2024-01-01 to 2024-12-31

Ridge Historical Society, founded in 1971, is a micro nonprofit that reported $62K in total revenue in fiscal year 2024. The organization ran a surplus of $12K, a strong 19% operating margin.

Mission

Ridge Historical Society collects, preserves, interprets, and makes available to the public a collection of artifacts and documents of historic interest to the Chicago neighborhoods of Beverly, Morgan Park, Washington Heights, and Mt. Greenwood.

Program Service Accomplishments

Program 1
Expenses: $10,734 Revenue: $2,004

1. Public Education Programs (Expense $10,734, Income $2,004): The Society's original exhibit for 2024 illuminated the work of a notable 20th century architect, Harry Hale Waterman, who designed many...

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1. Public Education Programs (Expense $10,734, Income $2,004): The Society's original exhibit for 2024 illuminated the work of a notable 20th century architect, Harry Hale Waterman, who designed many buildings in the Ridge Historic District. The exhibit team included historical researchers and an architectural photographer who lent his photographs of H.H. Waterman houses. The exhibit was free and open to the public. A related educational program was presented by the docents. The Society also hosted speakers for other local history presentations (Rediscovering 1899 Kite Photography; Freedom Seekers about the Underground Railroad activities in the area; Elmer and Richard Carlson's architecture), a talk on stained and leaded glass for old house restoration, and a workshop on researching the history of old Chicago houses. A free "Volunteer Orientation" program was developed to familiarize the public with the Society's resources and services, and to encourage volunteer involvement. In another significant public education effort, RHS regularly and consistently publishes local history items via print and social media.

Program 2
Expenses: $26,637

Graver-Driscoll House Preservation and Maintenance (Expense $26,388): The Society resides in a designated historic district, and owns Graver-Driscoll House which serves is its base of administrative...

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Graver-Driscoll House Preservation and Maintenance (Expense $26,388): The Society resides in a designated historic district, and owns Graver-Driscoll House which serves is its base of administrative operations and as a museum, archive, and meeting venue. The building is historically significant in its own right; it was designed by noted architect John Todd Hetherington and is over 100 years old.

Program 3

Public Events: Ridge Historical Society participated in several local events, including the community's Memorial Day Parade, BAPA-sponsored free "Porch Concerts", Beverly Arts Alliance's Annual Art...

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Public Events: Ridge Historical Society participated in several local events, including the community's Memorial Day Parade, BAPA-sponsored free "Porch Concerts", Beverly Arts Alliance's Annual Art Walk, and Chicago Architectural Center's "Open House Chicago". RHS timed its exhibit opening in conjunction with the fall events. Effort this year involved many volunteer hours.Historic Research: Research of local history involving people, places, events, buildings and artifacts is a significant activity of the Society. Research may be undertaken in the planning of exhibits or programs; to support the organization's participation in local initiatives and observances; or to document the organization's collection. The Society also routinely responds to questions and requests from local residents, often concerning their residences or other buildings. Research labor is provided by volunteers, and the Society had no associated expenses in 2024.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,094
Program Service Revenue $2,004
Investment Income $37,030
Other Revenue $1,051
TOTAL REVENUE $62,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,371
Other Expenses $50,529
TOTAL EXPENSES $50,529

Year-over-Year Comparison

2024 2023 Change
Revenue $62,179 $62,186 0.0%
Expenses $50,529 $51,960 0.0%
Net Income $11,650 $10,226 +0.1%
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
16
Independent Members
16
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debra Nemeth President 8.00
Officer Director
$0 $0 $0
Michael Wilk Vice-President 4.00
Officer Director
$0 $0 $0
Jarilyn Stavropoulos Secretary 3.00
Officer Director
$0 $0 $0
Elizabeth Condon Treasurer 4.00
Officer Director
$0 $0 $0
Claire Concannon Director 1.00
Director
$0 $0 $0
David Perry Director 1.00
Director
$0 $0 $0
Edris Hoover Curator 7.00
Director
$0 $0 $0
Elaine Spencer Director 1.00
Director
$0 $0 $0
Erma Brooks Williams Director 0.50
Director
$0 $0 $0
Frances Oehmen Director 0.50
Director
$0 $0 $0
Grace Kuikman Director 1.00
Director
$0 $0 $0
Kathy Sanders Director 4.00
Director
$0 $0 $0
Linda Lamberty Historian 4.00
Director
$0 $0 $0
Mati Maldre Director 6.00
Director
$0 $0 $0
Paula Everett Director 1.00
Director
$0 $0 $0
Susan Burnet Director 7.00
Director
$0 $0 $0
Tim Blackburn Director 14.00
Director
$0 $0 $0
Paul Ginger Director 2.00
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 $62,179 $50,529 $1,032,439 $11,650
2023 $62,186 $51,960 $953,520 $10,226
2022 $53,972 $46,617 $903,278 $7,355
2021 $65,580 $33,383 $1,053,319 $32,197
2020 $79,587 $30,348 $965,368 $49,239
2019 $76,682 $35,571 $939,643 $41,111
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