MARCO ISLAND HISTORICAL SOCIETY INC

EIN: 593425001 501(c)(3) Arts, Culture & Humanities

MARCO ISLAND, FL

Total Revenue
$1,188,286
Total Expenses
$734,630
Total Assets
$2,275,148
Net Assets
$2,160,420
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
PATRICIA RUTLEDGE
Phone
2393896447
Tax Period
2024-01-01 to 2024-12-31

MARCO ISLAND HISTORICAL SOCIETY INC, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $454K, a strong 38% operating margin.

Mission

THE MARCO ISLAND HISTORICAL SOCIETY, INC. IS ORGANIZED FOR THE PURPOSE OF PRESERVING THE HISTORY AND HERITAGE OF MARCO ISLAND AND THE SURROUNDING AREAS, PROMOTING AND MAINTAINING AN AWARENESS OF OUR AREA'S HISTORY, AND ITS IMPORTANCE FOR ITS MEMBERS AND THE COMMUNITY. IN FURTHERANCE OF THIS PURPOSE THE MARCO ISLAND HISORICAL SOCIETY, INC.: - PROVIDES PROGRAMS AND PROMOTES HISTORICAL AWARENESS IN THE COMMUNITY; - ENCOURAGES POSITIVE INTERACTIONS AMONG THE MARCO ISLAND HISTORICAL SOCIETY, INC., ITS MEMBERS AND THE RESIDENTS, GOVERNMENT AND OTHER COMMUNITY ORGANIZATIONS, NEIGHBORING COMMUNITIES, AND VISTORS TO MARCO ISLAND; - SUPPORTS ALL ACTIVITIES BELIEVED TO BE BENEFICIAL TO THE COMMUNITY AND ITS MEMBERS; - SPEAKS FOR ITS MEMBERSHIP IN CITY, COUNTY, STATE, AND NATIONAL LEGISLATIVE AND GOVERNMENTAL MATTERS; - OPERATES AND MAINTAINS AT THE MARCO ISLAND HISTORICAL MUSEUM, THE GIFT SHOP, THE OFFICES OF THE SOCIETY, AND THE ROSE HISTORY AUDIRORIUM; - RAISES AND PROVIDES FUNDING FOR EXHIBITS

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,040,226
Program Service Revenue $73,181
Investment Income $42,044
Other Revenue $32,835
TOTAL REVENUE $1,188,286

Expense Breakdown

Grants Paid $0
Salaries & Benefits $405,290
Fundraising Expenses $112,436
Program Expenses $567,558
Other Expenses $329,340
TOTAL EXPENSES $734,630

Year-over-Year Comparison

2024 2023 Change
Revenue $1,188,286 $731,136 +0.6%
Expenses $734,630 $713,977 +0.0%
Net Income $453,656 $17,159 +25.4%
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
13
Independent Members
13
Employees
6
Volunteers
10

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
$107,493
Total Directors
16
$107,493
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA RUTLEDGE CEO 2.00
Officer Director
$107,493 $0 $107,493
SHIRLEE BARCIC DIRECTOR 2.00
Director
$0 $0 $0
VAL BILBREY SECRETARY 2.00
Officer Director
$0 $0 $0
NEIL BRETTHAUER DIRECTOR 2.00
Director
$0 $0 $0
LINDA CASSENS DIRECTOR 2.00
Director
$0 $0 $0
TISH CHAMPAGNE DIRECTOR 2.00
Director
$0 $0 $0
BERTIL ENGH TREASURER 2.00
Officer Director
$0 $0 $0
CHRIS HEFLIN DIRECTOR 2.00
Director
$0 $0 $0
MARY JO O'REGAN DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL J O'ROURKE PRESIDENT 2.00
Officer Director
$0 $0 $0
PAM RAKOCZY DIRECTOR 2.00
Director
$0 $0 $0
BENJAMIN RAMSEY DIRECTOR 2.00
Director
$0 $0 $0
ALLYSON RICHARDS DIRECTOR 2.00
Director
$0 $0 $0
MYRT ROSE DIRECTOR 2.00
Director
$0 $0 $0
RONALD SAFFIN ASSISTANT TR 2.00
Officer Director
$0 $0 $0
CHRIS SULLIVAN 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 $1,188,286 $734,630 $2,275,148 $453,656
2023 $731,136 $713,977 $1,708,427 $17,159
2022 $999,426 $656,566 $1,587,221 $342,860
2021 $968,758 $1,912,919 $1,582,224 $-944,161
2020 $868,675 $511,204 $2,460,166 $357,471
2019 $833,390 $668,732 $1,979,075 $164,658
2018 $893,849 $986,564 $1,776,915 $-92,715
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