LINCOLN COUNTY HISTORICAL SOCIETY

EIN: 930545940 501(c)(3) Arts, Culture & Humanities

NEWPORT, OR

Total Revenue
$507,624
Total Expenses
$610,518
Total Assets
$2,635,184
Net Assets
$2,580,509
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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
OR
Principal Officer
JAMES BASSINGTHWAITE
Phone
5412657509
Tax Period
2024-07-01 to 2025-06-30

LINCOLN COUNTY HISTORICAL SOCIETY, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $508K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $611K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO COLLECT, PRESERVE, INTERPRET & EXHIBIT OBJECTS AND INFORMATION ILLUSTRATIVE OF THE HISTORY OF LINCOLN COUNTY AND THE CENTRAL OREGON COAST FOR THE EDUCATION AND BETTERMENT OF THE COMMUNITY AND FOR THE INTEREST OF THE PUBLIC AND VISITORS TO NEWPORT OREGON VIA TWO MUSEUMS AND A LIBRARY CONTAINING AN EXTENSIVE ARCHIVE OF HISTORICAL DOCUMENTS, PHOTOS, MAPS, BOOKS, AND NUMEROUS OBJECTS OF INTEREST.

Program Service Accomplishments

Program 1
Expenses: $104,069 Revenue: $236

THE BURROWS HOUSE MUSEUM FEATURES EXHIBITS PROVIDING EDUCATION FOR ITS VISITORS ON THE HISTORY OF LINCOLN COUNTY, THE YAQUINA BAY BRIDGE, AND FEATURES A VICTORIAN PARLOR, A LAW OFFICE, HISTORY OF...

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THE BURROWS HOUSE MUSEUM FEATURES EXHIBITS PROVIDING EDUCATION FOR ITS VISITORS ON THE HISTORY OF LINCOLN COUNTY, THE YAQUINA BAY BRIDGE, AND FEATURES A VICTORIAN PARLOR, A LAW OFFICE, HISTORY OF LINCOLN COUNTY'S FOUNDERS, PHOTOS AND OBJECTS THAT SHED LIGHT ON THE HISTORY OF THE CENTRAL OREGON COAST, THE EVOLUTION OF TECHNOLOGY, AS WELL AS HUMAN NATURE AND APPRECIATION FOR CURIOSITIES FROM THE PAST. THE LOG CABIN RESEARCH LIBRARY IS THE DESTINATION FOR VISITORS WHOSE FOCUS IS GETTING ANSWERS TO THEIR QUESTIONS FROM THIS EXTENSIVE HISTORICAL ARCHIVE WHICH INCLUDES HISTORICAL DOCUMENTS, PHOTOGRAPHS, MAPS, BOOKS, RECORDS, NAVIGATION CHARTS, CENSUS DATA, GENEALOGICAL INFORMATION, HISTORIC LITERATURE, NEWSPAPER CLIPPINGS AND MICROFILM, ORAL HISTORIES AND MUCH MORE. THE LOG CABIN SERVES INDIVIDUAL VISITORS AS WELL AS GROUPS.

Program 2
Expenses: $368,970 Revenue: $23,391

THE PACIFIC MARITIME HERITAGE CENTER (PMHC) IS AN IMPRESSIVE HISTORICAL BUILDING ON THE NEWPORT BAYFRONT PURCHASED AND SAVED BY LCHS IN 2004. PMHC IS A MAJOR MUSEUM AND INTERACTIVE CENTER THAT...

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THE PACIFIC MARITIME HERITAGE CENTER (PMHC) IS AN IMPRESSIVE HISTORICAL BUILDING ON THE NEWPORT BAYFRONT PURCHASED AND SAVED BY LCHS IN 2004. PMHC IS A MAJOR MUSEUM AND INTERACTIVE CENTER THAT INCORPORATES THE WORKING WHARF OUTSIDE ITS DOORS ON THE BAYFRONT, EDUCATIONAL PROGRAMS, AND LOCAL MARITIME USES WITH MARITIME EXHIBITS AND ART. DESIGNED TO ATTRACT, EDUCATE AND ENTERTAIN ALL AGES, IT ALSO INSTILLS IN LOCAL RESIDENTS A SENSE OF PLACE AND COMMUNITY. PMHC ALSO RENTS ITS FACILITES TO THE PUBLIC FOR PRIVATE EVENTS. THIS MUSEUM CELEBRATES THE HISTORY, ART, DIVERSE CULTURE, COMMERCE AND SCIENTIFIC RESEARCH THAT IS OF THE OCEAN.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $471,002
Program Service Revenue $23,627
Investment Income $5,634
Other Revenue $7,361
TOTAL REVENUE $507,624

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,793
Fundraising Expenses $40,676
Program Expenses $473,039
Other Expenses $332,725
TOTAL EXPENSES $610,518

Year-over-Year Comparison

2024 2023 Change
Revenue $507,624 $548,640 -0.1%
Expenses $610,518 $583,824 +0.0%
Net Income $-102,894 $-35,184 +1.9%
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
12
Independent Members
12
Employees
15
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
6
$70,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BASSINGTHWAITE PRESIDENT 6.00
Officer Director
$0 $0 $0
BUD SHOEMAKE PAST PRESIDE 8.00
Officer Director
$0 $0 $0
BILL HANSHUMAKER VICE PRESIDE 3.00
Officer Director
$0 $0 $0
LISA FIGUEROA TREASURER 3.00
Officer Director
$0 $0 $0
JOAN MCADAMS SECRETARY 4.00
Officer Director
$0 $0 $0
BUD LANE DIRECTOR POS 1.00
Director
$0 $0 $0
JON HOLBROOK DIRECTOR POS 1.00
Director
$0 $0 $0
BILL TURNER DIRECTOR POS 1.00
Director
$0 $0 $0
MIKE EASTMAN DIRECTOR POS 1.00
Director
$0 $0 $0
SANDY BLACKMAN DIRECTOR POS 1.00
Director
$0 $0 $0
DEAN FLECK DIRECTOR POS 1.00
Director
$0 $0 $0
BOB EDER DIRECTOR POS 1.00
Director
$0 $0 $0
JEFF SYROP EXECUTIVE DI 40.00
Officer
$70,000 $0 $70,000
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
2025 $507,624 $610,518 $2,635,184 $-102,894
2024 $548,640 $583,824 $2,797,737 $-35,184
2023 $445,128 $497,982 $2,772,505 $-52,854
2022 $515,816 $358,731 $2,801,271 $157,085
2021 $313,037 $351,860 $2,640,289 $-38,823
2020 $450,912 $363,150 $2,652,543 $87,762
2019 $344,222 $322,296 $2,565,344 $21,926
2018 $654,935 $314,619 $2,560,335 $340,316
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