NAHANT HISTORICAL SOCIETY

EIN: 237431293 501(c)(3)

NAHANT, MA

Total Revenue
$63,666
Total Expenses
$93,365
Total Assets
$702,128
Net Assets
$701,864
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MA
Principal Officer
NANCY CANTELMO
Phone
7815812727
Tax Period
2024-01-01 to 2024-12-31

NAHANT HISTORICAL SOCIETY, founded in 1975, is a micro nonprofit that reported $64K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO ACQUIRE, PRESERVE AND INTERPRET ARTIFACTS OF NAHANT, MASSACHUSETTS, ILLUSTRATING ITS HISTORY, PREHISTORY AND THAT OF PEOPLE ASSOCIATED WITH IT, FOR THE ENJOYMENT, EDUCATION AND ENRICHMENT OF THE PUBLIC.

Program Service Accomplishments

Program 1
Expenses: $64,431

TO INVESTIGATE, RECORD, AND PERPETUATE THE HISTORY OF THE TOWN OF NAHANT, AND TO COLLECT, HOLD, AND PRESERVE DOCUMENTS, BOOKS, MEMOIRS, AND ALL OTHER MATTERS ILLUSTRATING ITS HISTORY OR THAT OF...

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TO INVESTIGATE, RECORD, AND PERPETUATE THE HISTORY OF THE TOWN OF NAHANT, AND TO COLLECT, HOLD, AND PRESERVE DOCUMENTS, BOOKS, MEMOIRS, AND ALL OTHER MATTERS ILLUSTRATING ITS HISTORY OR THAT OF INDIVIDUALS IDENTIFIED WITH IT.COLLECTIONS:LOWLANDS BUDDHANAHANT CELEBRATES THE ANONYMOUS RESTORED GIFT OF THE LOWLAND BUDDHA, A JIZO BOSATSU. THIS WORK OF ART ONCE GRACED THE FAMOUS GATE OF THE 1867 ESTATE OF GEORGE ABBOT JAMES AND HIS WIFE ELIZABETH "LILY" LODGE ON EAST POINT IN NAHANT.PAINTINGSTHE SOCIETY HAS ON DISPLAY MANY BEAUTIFUL 19TH CENTURY OIL AND WATERCOLOR PAINTINGS AND ETCHINGS. MOST NOTABLY ARE THE WILLIAM HUSTON 'BASS BEACH, NAHANT' 1880 AND THE JONATHAN MASON'S 'CASTLE ROCK AND EAST POINT, NAHANT FROM MIFFLIN PLACE' 1832. ALSO ON DISPLAY ARE MORE RECENT WORKS BY NAHANT ARTISTS PETE ROGERS, CAROLYN JUNDZILLO COMER, AND NORMAN LALIBERTE.THE BARK "SARAH"LEARN THE STORY BEHIND THIS INTRICATE LARGE PLANK-ON-FRAME SHIP MODEL, A RECREATED "TALL SHIP" IN MINIATURE. FIND OUT ABOUT WINTHROP TAYLOR HODGES, THE MAN WHO SPENT TEN YEARS BUILDING THIS SHIP IN MODEL FORM BASED ON A YOUTHFUL MEMORY. SEE RARE PHOTOGRAPHS OF THE OCEAN-GOING SARAH, UPON WHICH HE SAILED IN 1887.NAHANT ON THE ROCKS, LOWELL ROOM GALLERYOUR FIRST FULL EXHIBITION, ENTITLED NAHANT ON THE ROCKS, THIS IS AN INTERACTIVE EXHIBIT SHOWING THE HISTORY OF NAHANT FROM ITS EARLY DAYS AS GRAZING LAND FOR LYNN LIVESTOCK, THROUGH ITS DAYS AS A FISHING COMMUNITY, ITS HEYDAY AS THE SUMMER RESORT COMMUNITY FOR BOSTON'S WEALTHY, AS WELL AS FEATURING LITERARY AND SCIENTIFIC NOTABLES AND ARTISTS. RESEARCH AT THE HISTORICAL SOCIETYTHE NAHANT HISTORICAL SOCIETY MAINTAINS ITS COLLECTIONS, A RESEARCH LIBRARY WITH ARCHIVES AT 41 VALLEY ROAD, NAHANT, MASSACHUSETTS TO PRESERVE AND SHARE THE HISTORY OF THE TOWN OF NAHANT. THESE CONSIST OF BOTH PRIMARY, AND SECONDARY SOURCES OF NAHANT'S HISTORY WITH RELATED MATERIALS FROM LYNN, BOSTON, MASSACHUSETTS, AND NEW ENGLAND. IN ADDITION THERE ARE SECTIONS ON MARITIME HISTORY, DECORATIVE ARTS AND BIOGRAPHIES ASSOCIATED WITH NAHANT AND AMERICAN HISTORY. THE COLLECTIONS DO NOT CIRCULATE. WE WELCOME YOUR RESEARCH INQUIRIES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,658
Program Service Revenue $0
Investment Income $22,947
Other Revenue $-939
TOTAL REVENUE $63,666

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,770
Fundraising Expenses $1,951
Program Expenses $64,431
Other Expenses $59,595
TOTAL EXPENSES $93,365

Year-over-Year Comparison

2024 2023 Change
Revenue $63,666 $253,065 -0.7%
Expenses $93,365 $114,413 -0.2%
Net Income $-29,699 $138,652 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
4
$31,212
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE DORLANDO PRESIDENT 5.00
Officer Director
$0 $0 $0
T ROSE HOLDCRAFT SECRETARY 5.00
Officer Director
$0 $0 $0
ELLEN JOHNSON TREASURER 10.00
Officer Director
$0 $0 $0
JACK BALLANTINE DIRECTOR 5.00
Director
$0 $0 $0
SUSANNE MACARELLI DIRECTOR 5.00
Director
$0 $0 $0
MARILYN MAHONEY DIRECTOR 5.00
Director
$0 $0 $0
DEIDRE DEVILLE DIRECTOR 5.00
Director
$0 $0 $0
DONNA STEINBERG DIRECTOR 5.00
Director
$0 $0 $0
DAVID SEETARAM DIRECTOR 5.00
Director
$0 $0 $0
JULIE TARMY EXECUTIVE DIRECTOR 30.00
Officer
$31,212 $0 $31,212
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 $63,666 $93,365 $702,128 $-29,699
2023 $253,065 $114,413 $706,984 $138,652
2022 $133,745 $90,737 $534,487 $43,008
2021 $74,647 $77,066 $540,024 $-2,419
2020 $67,739 $99,687 $518,786 $-31,948
2019 $74,326 $104,318 $515,431 $-29,992
2018 $106,975 $103,926 $495,715 $3,049
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