FOLSOM HISTORICAL SOCIETY FOLSOM HISTORY

EIN: 942840367 501(c)(3) Arts, Culture & Humanities

FOLSOM, CA

Total Revenue
$288,947
Total Expenses
$553,249
Total Assets
$963,191
Net Assets
$944,080
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
CA
Principal Officer
DR RITA MUKHERJEE HOFFSTA
Phone
9169852707
Tax Period
2023-01-01 to 2023-12-31

FOLSOM HISTORICAL SOCIETY FOLSOM HISTORY, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $553K exceeded revenue, resulting in a 91% operating deficit.

Mission

FOLSOM HISTORICAL SOCIETY'S MISSION IS TO INSPIRE AN INNOVATIVE FUTURE TOGETHER BY CONNECTING FOLSOM TO ITS INVENTIVE ROOTS.

Program Service Accomplishments

Program 1
Expenses: $423,482 Revenue: $83,839

FOLSOM HISTORY OPERATES THREE MUSEUMS IN FOLSOM'S HISTORIC DISTRICT - THE FOLSOM HISTORY MUSEUM, PIONEER VILLAGE LIVING HISTORY SITE AND THE CURRENTLY UNDER CONSTRUCTION CHINESE HERITAGE MUSEUM...

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FOLSOM HISTORY OPERATES THREE MUSEUMS IN FOLSOM'S HISTORIC DISTRICT - THE FOLSOM HISTORY MUSEUM, PIONEER VILLAGE LIVING HISTORY SITE AND THE CURRENTLY UNDER CONSTRUCTION CHINESE HERITAGE MUSEUM. FOLSOM HISTORY HIGHLIGHTS FOLSOM'S UNIQUE PLACE IN CALIFORNIA HISTORY THROUGH EXHIBITS, DIGITAL ENGAGEMENT, EDUCATIONAL PROGRAMMING, AND HANDS-ON LEARNING EXPERIENCES. FOLSOM HISTORY HOUSES A COLLECTION THAT INCLUDES ARTIFACTS, PHOTOS, TEXTILES, DOCUMENTS, AND MORE THAT ARE REPRESENTATIVE OF FOLSOM'S DIVERSE COMMUNITY THROUGHOUT THE YEARS.IN 2022, THE BOARD OF DIRECTORS ADOPTED A NEW MISSION, VISION, AND STRATEGIC PLAN THAT ALLOWS THEM TO CREATE A LARGER IMPACT IN THE COMMUNITY. OUR NEW MISSION IS TO INSPIRE AN INNOVATIVE FUTURE TOGETHER BY CONNECTING FOLSOM TO ITS INVENTIVE ROOTS. OVER THE PAST YEAR WE HAVE STABILIZED AND WEATHERPROOFED THE BUILDING WHICH WILL BECOME OUR NEW CHINESE HERITAGE MUSEUM; LAUNCHED A NEW NAME AND BRAND; OPENED A NEW PERMANENT EXHIBIT FOLSOM, CA: A STORY OF INNOVATION, IN THE FOLSOM HISTORY MUSEUM TO TELL THE STORY OF HOW FOLSOM BECAME THE CITY IT IS TODAY; OPENED GO BULLDOGS! 100 YEARS OF FOLSOM HIGH, A TEMPORARY EXHIBIT FOCUSING ON THE HIGH SCHOOL EXPERIENCE AND THE 100TH YEAR OF FOLSOM HIGH SCHOOL'S FIRST INCOMING FRESHMAN CLASS; AND STARTED TO CREATE A MASTER PLAN TO OUTLINE HOW PIONEER VILLAGE CAN BE TRANSFORMED INTO A HISTORICALLY INSPIRED MAKERSPACE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $205,108
Program Service Revenue $83,752
Investment Income $87
Other Revenue $0
TOTAL REVENUE $288,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $249,347
Fundraising Expenses $43,980
Program Expenses $423,482
Other Expenses $303,902
TOTAL EXPENSES $553,249

Year-over-Year Comparison

2023 2022 Change
Revenue $288,947 $813,266 -0.6%
Expenses $553,249 $482,105 +0.1%
Net Income $-264,302 $331,161 -1.8%
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
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
$105,000
Total Directors
9
$105,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM METZKER TREASURER 4.00
Officer Director
$0 $0 $0
JEFF FERRERIA-PRO BOARD CHAIR 15.00
Officer Director
$0 $0 $0
IAN CORNELL SECRETARY 10.00
Officer Director
$0 $0 $0
DEE FORD ASST TREASURER 4.00
Officer Director
$0 $0 $0
GREG JUNG VICE CHAIR 2.00
Officer Director
$0 $0 $0
AARON SILVA DIRECTOR 2.00
Director
$0 $0 $0
KATHY COLE DIRECTOR 2.00
Director
$0 $0 $0
NICK BUTLER DIRECTOR 2.00
Director
$0 $0 $0
RITA MUKHERJEE HOFFSTADT EXEC DIRECTOR 40.00
Officer Director
$105,000 $0 $105,000
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 No data No data No data No data
2024 No data No data No data No data
2023 $288,947 $553,249 $963,191 $-264,302
2022 $813,266 $482,105 $1,222,955 $331,161
2021 $193,281 $310,124 $886,764 $-116,843
2020 $657,661 $297,439 $1,009,528 $360,222
2019 $335,854 $289,459 $644,636 $46,395
2018 $288,085 $226,670 $596,738 $61,415
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