Civic Intelligence

Maine Historical Society

EIN 01-0211530 • 501(c)3 • Portland, ME

Profile

The maine historical society preserves the heritage and history of maine: the stories of maine people, the traditions of maine communities, and the record of maine's place in a changing world. Because an understanding of the past is vital to a healthy and progressive society, we collect, care for, and exhibit historical treasures; facilitate research into family, local, state and national history; provide education programs that make history meaningful, accessible and enjoyable; and empower others to preserve and interpret the history of their communities and our state.

Refreshing map…

489 Congress StreetPortland, ME 04101

www.mainehistory.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.12x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.99x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

6th percentile

-54%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$149,911

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

20th percentile

-3.6%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$14,958,358

Up $330,362 (+2.3%) from 2023

Liabilities

Down

$1,680,349

Down $65,293 (-3.7%) from 2023

Net Assets

Up

$13,278,009

Up $395,655 (+3.1%) from 2023

Revenue

Up

$2,888,722

Up $1,124,933 (+64%) from 2023

Expenses

Up

$2,964,067

Up $239,226 (+8.8%) from 2023

Net Income

Up

-$75,345

Up $885,707 (+92%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $14,648,553Liabilities 2010: $1,553,436Net Assets 2010: $13,095,1172010Assets 2011: $13,611,252Liabilities 2011: $1,090,002Net Assets 2011: $12,521,2502011Assets 2012: $13,651,004Liabilities 2012: $799,490Net Assets 2012: $12,851,5142012Assets 2013: $13,872,020Liabilities 2013: $852,576Net Assets 2013: $13,019,4442013Assets 2014: $15,278,117Liabilities 2014: $2,514,515Net Assets 2014: $12,763,6022014Assets 2015: $14,310,917Liabilities 2015: $2,461,390Net Assets 2015: $11,849,5272015Assets 2016: $13,960,263Liabilities 2016: $2,265,587Net Assets 2016: $11,694,6762016Assets 2017: $13,906,426Liabilities 2017: $2,216,229Net Assets 2017: $11,690,1972017Assets 2018: $12,997,645Liabilities 2018: $2,086,614Net Assets 2018: $10,911,0312018Assets 2019: $12,368,273Liabilities 2019: $2,046,719Net Assets 2019: $10,321,5542019Assets 2020: $11,866,932Liabilities 2020: $2,203,144Net Assets 2020: $9,663,7882020Assets 2021: $13,012,568Liabilities 2021: $2,138,050Net Assets 2021: $10,874,5182021Assets 2022: $15,181,024Liabilities 2022: $1,806,213Net Assets 2022: $13,374,8112022Assets 2023: $14,627,996Liabilities 2023: $1,745,642Net Assets 2023: $12,882,3542023Assets 2024: $14,958,358Liabilities 2024: $1,680,349Net Assets 2024: $13,278,0092024

Highlighted filing

2024

Assets$14,958,358
Liabilities$1,680,349
Net Assets$13,278,009

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,224,7272010Revenue 2011: $1,996,021Expenses 2011: $2,210,880Net Income 2011: -$214,8592011Revenue 2012: $1,854,301Expenses 2012: $2,159,912Net Income 2012: -$305,6112012Revenue 2013: $2,743,040Expenses 2013: $2,081,803Net Income 2013: $661,2372013Revenue 2014: $1,880,748Expenses 2014: $2,215,913Net Income 2014: -$335,1652014Revenue 2015: $2,099,973Expenses 2015: $2,373,774Net Income 2015: -$273,8012015Revenue 2016: $1,243,134Expenses 2016: $1,605,389Net Income 2016: -$362,2552016Revenue 2017: $1,765,572Expenses 2017: $2,301,135Net Income 2017: -$535,5632017Revenue 2018: $1,572,434Expenses 2018: $2,145,469Net Income 2018: -$573,0352018Revenue 2019: $1,694,708Expenses 2019: $2,190,023Net Income 2019: -$495,3152019Revenue 2020: $1,413,285Expenses 2020: $2,164,938Net Income 2020: -$751,6532020Revenue 2021: $2,642,638Expenses 2021: $2,123,542Net Income 2021: $519,0962021Revenue 2022: $6,918,166Expenses 2022: $2,663,326Net Income 2022: $4,254,8402022Revenue 2023: $1,763,789Expenses 2023: $2,724,841Net Income 2023: -$961,0522023Revenue 2024: $2,888,722Expenses 2024: $2,964,067Net Income 2024: -$75,3452024

Highlighted filing

2024

Revenue$2,888,722
Expenses$2,964,067
Net Income-$75,345

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.0$1.68$13.3$2.89$2.96$0.08
2023Detailed filing. Detailed filing data is available for this year.$14.6$1.75$12.9$1.76$2.72$0.96
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$1.81$13.4$6.92$2.66$4.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$2.14$10.9$2.64$2.12$0.52
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$2.20$9.66$1.41$2.16$0.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$2.05$10.3$1.69$2.19$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$2.09$10.9$1.57$2.15$0.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$2.22$11.7$1.77$2.30$0.54
2016Summary only. Only limited summary data is available for this year.$14.0$2.27$11.7$1.24$1.61$0.36
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$2.46$11.8$2.10$2.37$0.27
2014Detailed filing. Detailed filing data is available for this year.$15.3$2.51$12.8$1.88$2.22$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$0.85$13.0$2.74$2.08$0.66
2012Summary only. Only limited summary data is available for this year.$13.7$0.80$12.9$1.85$2.16$0.31
2011Summary only. Only limited summary data is available for this year.$13.6$1.09$12.5$2.00$2.21$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$1.55$13.1$2.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 28, 2025
Return Version
2023v6.0
Gross Receipts
$8,105,951
Mission and Program Overview

Mission

The maine historical society preserves the heritage and history of maine: the stories of maine people, the traditions of maine communities, and the record of maine's place in a changing world. Because an understanding of the past is vital to a healthy and progressive society, we collect, care for, and exhibit historical treasures; facilitate research into family, local, state and national history; provide education programs that make history meaningful, accessible and enjoyable; and empower others to preserve and interpret the history of their communities and our state.

Preserve and share Maine's story.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,659,327$9,905,053▲ $245,726
Land, Buildings, and Equipment, Net$4,744,114$4,437,570▼ $306,544
Cash and Non-Interest-Bearing Accounts$64,647$270,590▲ $205,943
Pledges and Grants Receivable$23,554$227,111▲ $203,557
Inventories for Sale or Use$47,218$22,998▼ $24,220
Accounts Receivable$3,541$6,190▲ $2,649
Total Assets$14,627,996$14,958,358▲ $330,362
Other Assets Total$85,595$88,846▲ $3,251
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,630,752$1,554,243▼ $76,509
Accounts Payable and Accrued Expenses$92,720$104,252▲ $11,532
Other Liabilities$22,170$21,854▼ $316
Total Liabilities$1,745,642$1,680,349▼ $65,293
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,769,031$10,129,035▼ $639,996
Net Assets With Donor Restrictions$2,113,323$3,148,974▲ $1,035,651
Total Net Assets Fund Balance$12,882,354$13,278,009▲ $395,655
Total Liabilities and Net Assets / Fund Balance$14,627,996$14,958,358▲ $330,362

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,200,655$5,723,590$9,924,245
Leasehold Improvements$68,615$597,038$665,653
Land$168,300-$168,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,624,370$118,470▲ $571,562$301,289$5,013,113
2023$5,189,545-▲ $329,260$886,146$4,624,370
2022$6,231,618-▼ $660,155$372,223$5,189,545
2021$4,941,708-▲ $1,392,370$93,703$6,231,618
2020$5,092,652-▲ $235,539$376,663$4,941,708
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen BromageExecutive DirectorFT$140,707$9,204$149,911

Board Members and Trustees

NameTitle
Peter MerrillChair
Michael Bourque1st Vice Chair
Drew Swenson2nd Vice Chair
Brent HootsBoard Member
Darren RancoBoard Member
Dennis DamonBoard Member
Elizabeth ChristensenBoard Member
Frank GoodyearBoard Member
Julia MunseyBoard Member
Laura F SpragueBoard Member
Lee WebbBoard Member
Mark ReynoldsBoard Member
Myron BeasleyBoard Member
Robert AtwoodBoard Member
Robert PeacockBoard Member
Robin LapointBoard Member
Sandi L GooldenBoard Member
Stephen SearsBoard Member
Steve HewinsBoard Member
Susan RouillardBoard Member
Tamara RisserBoard Member
Thomas PlatzBoard Member
Timothy WoodcockBoard Member
Bob GreeneSecretary
Natalie SolotoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,244,757
Program Service Revenue
$177,583
Investment Income
$202,697
Other Revenue
$263,685
All Other Contributions
$1,498,253
Change in Net Assets
$-75,345

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,888,722
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$515,615
Total Revenue per Audited Statements
$3,404,337
Total Revenue per Form 990
$2,888,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,622,338
Other Expenses$1,341,729
Total Fundraising Expense$308,552
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$905,891$169,451$162,558$1,237,900
Depreciation Depletion$310,996$54,882-$365,878
All Other Expenses$199,690$65,474$58,112$323,276
Current Officers, Directors, Trustees, and Key Employees$102,969$19,261$18,477$140,707
Other Employee Benefits$84,549$27,427$28,443$140,419
Fees for Services Other$63,748$44,418$10,492$118,658
Payroll Taxes$75,603$14,142$13,567$103,312
Interest$40,962$30,068-$71,030
Other Expenses$61,614$0$0$61,614
Insurance$6,729$50,923-$57,652
Information Technology$8,845$34,685$9,321$52,851
Advertising--$7,582$7,582
Travel$3,908$1,077-$4,985
Total Functional Expenses$2,056,664$598,851$308,552$2,964,067

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,020,933
Expenses per Audited Statements$2,964,067
Total Expenses per Form 990$2,964,067
Expenses Not Reported on Form 990$56,866
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$44,615
Fundraising Gross Income$44,615
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Maine History Maker$96,025$44,165$25,002$19,163
Beer in the Garden$450$450$480$-30
Total Events$96,475$44,615$44,615$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Deposits$12,186
Annuity Payment Liability$9,668
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 4

At its April 2024 meeting, the MHS Board of Trustees adopted revised Bylaws that (i) transferred election of Trustees from the Members of Maine Historical Society to the Board of Trustees, and (ii) authorized electronic participation and voting by the Board of Trustees.

Form 990, Part VI, Section A, line 6

The society offers membership, for an annual membership fee, to the general public which come with certain benefits and rights.

Form 990, Part VI, Section A, line 7A

Members of the MHS Board of Trustees are elected to the Board of Trustees by the Board of Trustees on an annual basis. Trustees serve three-year terms and may serve up to three consecutive three-year terms. The Governance Committee receives, reviews, and nominates candidates to the Board of Trustees for election.

Form 990, Part VI, Section B, line 11B

The Director of Finance and the Treasurer review the return and present it to the Board of Trustees for approval prior to filing.

Form 990, Part VI, Section B, line 12C

Conflict of interest policy is signed annually in annual review with senior management.

Form 990, Part VI, Section B, line 15

Compensation is compared to like institutions from data from the National Comparative Museum Study and other independent survey.

Form 990, Part VI, Section C, line 19

Documents are included in meeting minutes available to the public in our Annual Report, on our website, and upon request. This includes the 990 itself.

Filing and Contact Details

Filer

Filer Name
Maine Historical Society
EIN
01-0211530
Phone
2077741822
Address
489 CONGRESS STREET, PORTLAND, ME 04101

Signing Officer

Name
Stephen Bromage
Title
Executive Director
Phone
2077741822
Signed
2025-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Bromage
Formed
1822
Legal Domicile
Me
Voting Board Members
25
Independent Board Members
25
Employees
38
Volunteers
29

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
David J Shorette CPA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Other Expenses: Program service expenses 43,287. Management and general expenses 10,285. Fundraising expenses 619. Total expenses 54,191. Photography: Program service expenses 23,088. Management and general expenses 4,200. Fundraising expenses 19,747. Total expenses 47,035. Moving Expenses: Program service expenses 31,958. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,958. Gifts and Entertainment: Program service expenses 1,397. Management and general expenses 3,129. Fundraising expenses 22,895. Total expenses 27,421. Supplies: Program service expenses 16,934. Management and general expenses 4,414. Fundraising expenses 4,342. Total expenses 25,690. Exhibit Expenses: Program service expenses 24,397. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,397. Telephone: Program service expenses 13,876. Management and general expenses 10,017. Fundraising expenses 0. Total expenses 23,893. Application & Website Subscription: Program service expenses 12,125. Management and general expenses 3,609. Fundraising expenses 6,520. Total expenses 22,254. JANITORIAL SERVICE/ SUPPLIES: Program service expenses 9,908. Management and general expenses 7,122. Fundraising expenses 0. Total expenses 17,030. Postage: Program service expenses 9,581. Management and general expenses 4,762. Fundraising expenses 0. Total expenses 14,343. Bank Fees: Program service expenses 1,714. Management and general expenses 9,760. Fundraising expenses 0. Total expenses 11,474. Security: Program service expenses 3,621. Management and general expenses 2,603. Fundraising expenses 0. Total expenses 6,224. Staff Development: Program service expenses 2,529. Management and general expenses 1,800. Fundraising expenses 1,797. Total expenses 6,126. DUES/MEMBERSHIPS: Program service expenses 2,711. Management and general expenses 1,571. Fundraising expenses 740. Total expenses 5,022. Program Expenses: Program service expenses 1,980. Management and general expenses 0. Fundraising expenses 992. Total expenses 2,972. Equipment: Program service expenses 172. Management and general expenses 1,652. Fundraising expenses 0. Total expenses 1,824. Permits and Fees: Program service expenses 0. Management and general expenses 550. Fundraising expenses 0. Total expenses 550. Bad Debt Expense: Program service expenses 0. Management and general expenses 0. Fundraising expenses 460. Total expenses 460. Conservation: Program service expenses 297. Management and general expenses 0. Fundraising expenses 0. Total expenses 297. Collections Purchased: Program service expenses 115. Management and general expenses 0. Fundraising expenses 0. Total expenses 115.

Form 990, Part XI, Line 2C

There have been no changes in the process from the prior year.

Financial Statement Notes

Part III, Line 1A:

Collections: The collections, which were acquired through purchases and contributions since the Society's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions are reflected as increases in the appropriate net asset classes.

Part IV, Line 2B:

The Maine Historical Society agrees to serve as the fiscal sponsor for the Merrymeeting Bay Pioneers Project for the purpose of funding from the Merrymeeting Bay Trust to pay for expenses for the Merrymeeting Bay archeological project.

Part X, Line 2:

Management does not believe it has taken any positions that would require the recording of any tax liability nor does it believe that there are any tax benefits that would either increase or decrease within the next year.

Part XI, Line 2D - Other Adjustments:

Fundraising Expenses Netted with Revenue 44,615.

Part XII, Line 2D - Other Adjustments:

Fundraising Expenses Netted with Revenue 44,615. Expenses of related organization on consolidated financials 12,251.

Raw XML AppendixShowing 400 of 701 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The MHS Museum offers (i) tours of the Wadsworth-Longfellow House and (ii) changing exhibitions and public programs that use Maine history to provide information, context, and perspective for issues of contemporary interest. Recent major initiatives explored immigration, veterans' issues, Maine's food heritage, evolving paper industry, music, clothing, and 13,000 years of Wabanaki presence and stewardship, how Maine fits into the national dialogue on race, and the importance of the environment in Maine's identity and way of life. Each initiative includes an exhibition, digital resources, public programs delivered via Zoom, and educational resources that support remote learning. All are available online. MHS also provides extensive education programs at its museum and through Maine Memory Network.
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IRS990/MissionDesc0Maine Historical Society's mission is to preserve and share Maine's story. MHS's core program areas include the Brown Research Library, the MHS Museum which includes the Wadsworth-Longfellow House (1785-6), a National Historic Landmark, and the Maine Memory Network (www.mainememory.net), our nationally-recognized digital platform which supports the participation and contribution of 300+ partners across Maine and beyond.
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