Civic Intelligence

Proprietors Portsmouth Athenaeum

EIN 02-0245312 • 501(c)3 • Portsmouth, NH

Profile

We, the proprietors of the portsmouth athenaeum, associate to promote learning and advance useful knowledge among our constituents and the wider community by facilitating convivial interchange and intellectual discourse; maintaining our historic building and library; and collecting and preserving materials relevant to the history and culture of portsmouth and the piscataqua region.

9 Market Square PO Box 366Portsmouth, NH 03802

www.portsmouthathenaeum.org

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.21x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$107,503

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 17.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

55th percentile

5.2%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

1.1%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,011,191

Up $198,559 (+5.2%) from 2023

Liabilities

Down

$129,983

Down $26,934 (-17%) from 2023

Net Assets

Up

$3,881,208

Up $225,493 (+6.2%) from 2023

Revenue

Up

$620,596

Up $6,597 (+1.1%) from 2023

Expenses

Down

$553,268

Down $15,017 (-2.6%) from 2023

Net Income

Up

$67,328

Up $21,614 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,919,579Liabilities 2011: $99,352Net Assets 2011: $1,820,2272011Assets 2012: $2,089,655Liabilities 2012: $100,073Net Assets 2012: $1,989,5822012Assets 2013: $3,035,970Liabilities 2013: $802,945Net Assets 2013: $2,233,0252013Assets 2014: $3,066,043Liabilities 2014: $554,123Net Assets 2014: $2,511,9202014Assets 2015: $2,885,577Liabilities 2015: $306,053Net Assets 2015: $2,579,5242015Assets 2016: $2,967,705Liabilities 2016: $162,082Net Assets 2016: $2,805,6232016Assets 2017: $3,094,103Liabilities 2017: $92,189Net Assets 2017: $3,001,9142017Assets 2018: $2,990,028Liabilities 2018: $82,965Net Assets 2018: $2,907,0632018Assets 2019: $3,332,869Liabilities 2019: $72,666Net Assets 2019: $3,260,2032019Assets 2020: $3,434,008Liabilities 2020: $62,630Net Assets 2020: $3,371,3782020Assets 2021: $3,794,008Liabilities 2021: $85,173Net Assets 2021: $3,708,8352021Assets 2022: $3,528,272Liabilities 2022: $69,498Net Assets 2022: $3,458,7742022Assets 2023: $3,812,632Liabilities 2023: $156,917Net Assets 2023: $3,655,7152023Assets 2024: $4,011,191Liabilities 2024: $129,983Net Assets 2024: $3,881,2082024

Highlighted filing

2024

Assets$4,011,191
Liabilities$129,983
Net Assets$3,881,208

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $251,034Expenses 2011: $281,818Net Income 2011: -$30,7842011Revenue 2012: $304,221Expenses 2012: $284,779Net Income 2012: $19,4422012Revenue 2013: $398,911Expenses 2013: $338,755Net Income 2013: $60,1562013Revenue 2014: $614,348Expenses 2014: $373,535Net Income 2014: $240,8132014Revenue 2015: $596,076Expenses 2015: $356,414Net Income 2015: $239,6622015Revenue 2016: $589,736Expenses 2016: $394,261Net Income 2016: $195,4752016Revenue 2017: $557,149Expenses 2017: $498,403Net Income 2017: $58,7462017Revenue 2018: $553,576Expenses 2018: $435,393Net Income 2018: $118,1832018Revenue 2019: $959,807Expenses 2019: $493,045Net Income 2019: $466,7622019Revenue 2020: $458,093Expenses 2020: $484,050Net Income 2020: -$25,9572020Revenue 2021: $690,298Expenses 2021: $442,593Net Income 2021: $247,7052021Revenue 2022: $509,565Expenses 2022: $475,355Net Income 2022: $34,2102022Revenue 2023: $613,999Expenses 2023: $568,285Net Income 2023: $45,7142023Revenue 2024: $620,596Expenses 2024: $553,268Net Income 2024: $67,3282024

Highlighted filing

2024

Revenue$620,596
Expenses$553,268
Net Income$67,328

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.01$0.13$3.88$0.62$0.55$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.81$0.16$3.66$0.61$0.57$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.53$0.07$3.46$0.51$0.48$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.79$0.09$3.71$0.69$0.44$0.25
2020Detailed filing. Detailed filing data is available for this year.$3.43$0.06$3.37$0.46$0.48$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.07$3.26$0.96$0.49$0.47
2018Detailed filing. Detailed filing data is available for this year.$2.99$0.08$2.91$0.55$0.44$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.09$0.09$3.00$0.56$0.50$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.97$0.16$2.81$0.59$0.39$0.20
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.31$2.58$0.60$0.36$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.07$0.55$2.51$0.61$0.37$0.24
2013Detailed filing. Detailed filing data is available for this year.$3.04$0.80$2.23$0.40$0.34$0.06
2012Summary only. Only limited summary data is available for this year.$2.09$0.10$1.99$0.30$0.28$0.02
2011Summary only. Only limited summary data is available for this year.$1.92$0.10$1.82$0.25$0.28$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$1,001,504
Mission and Program Overview

Mission

We, the proprietors of the portsmouth athenaeum, associate to promote learning and advance useful knowledge among our constituents and the wider community by facilitating convivial interchange and intellectual discourse; maintaining our historic building and library; and collecting and preserving materials relevant to the history and culture of portsmouth and the piscataqua region.

See mission statement on page 2, part iii

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,383,081$2,610,323▲ $227,242
Land, Buildings, and Equipment, Net$1,102,751$1,098,063▼ $4,688
Savings and Temporary Cash Investments$237,008$248,723▲ $11,715
Prepaid Expenses and Deferred Charges$13,289$13,080▼ $209
Cash and Non-Interest-Bearing Accounts$770$633▼ $137
Accounts Receivable$480$542▲ $62
Total Assets$3,812,632$4,011,191▲ $198,559
Other Assets Total$75,253$39,827▼ $35,426
Liabilities
Deferred Revenue$76,700$83,215▲ $6,515
Other Liabilities$75,253$39,827▼ $35,426
Accounts Payable and Accrued Expenses$4,964$6,941▲ $1,977
Total Liabilities$156,917$129,983▼ $26,934
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,584,840$3,803,098▲ $218,258
Net Assets With Donor Restrictions$70,875$78,110▲ $7,235
Total Net Assets Fund Balance$3,655,715$3,881,208▲ $225,493
Total Liabilities and Net Assets / Fund Balance$3,812,632$4,011,191▲ $198,559

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,041,879$897,142$1,939,021
Equipment$545$96,952$97,497
Other Land Buildings$13,539$39,563$53,102
Land$42,100-$42,100
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas Hardiman JrKeeperFT$91,588$15,915$107,503

Board Members and Trustees

NameTitle
Sally GayerPast President
Jeffrey KeefePresident
Janet DinanVice President
Alan GoldDirector
Ann BeattieDirector
Anne WeidmanDirector
Christine FrieseDirector
Curtis SpringerDirector
Donald S MargesonDirector
Elizabeth FarishDirector
Michael LabrieDirector
Susan LassenDirector
Margaret HodgesSecretary
Craig SteidleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$365,225
Program Service Revenue
$0
Investment Income
$137,095
Other Revenue
$118,276
All Other Contributions
$233,687
Change in Net Assets
$67,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,044
Salaries, Compensation, and Employee Benefits$272,224
Total Fundraising Expense$71,456
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,369$15,545$29,128$114,042
Current Officers, Directors, Trustees, and Key Employees$59,127$37,626$10,750$107,503
Occupancy$25,188$24,321$12,377$61,886
Depreciation Depletion$54,114$2,848-$56,962
Other Employee Benefits$20,297$8,399$6,299$34,995
Insurance$11,964$6,730-$18,694
Office Expenses$9,395$3,888$2,916$16,199
Payroll Taxes$9,097$3,764$2,823$15,684
Fees for Service Investment Mgmnt Fees-$14,206-$14,206
All Other Expenses$4,146$612$1,951$6,709
Fees for Services Accounting-$5,235-$5,235
Other Expenses$19,039$5,200$5,212$5,200
Total Functional Expenses$343,415$138,397$71,456$553,268
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,227
Fundraising Direct Expenses$2,327
Professional Fundraising Fees$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
Operating Lease Liability$39,827
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The portsmouth athenauem has members known as proprietors whose annual dues underwrite the costs of maintaning the collections making them accessible.

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

The portsmouth athenaeum is governed by volunteer officers and directors elected by the proprietors.

Form 990, Part VI, Section A, Line 7B

Changes to the by-laws as well as the elections of officers and board members are subject to approval by the proprietors.

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

The treasurer reviews with the office manager. He then presents it to the board. The board votes its approval or not. If it is approved it is filed.

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

The board of directors is asked annually to complete a conflct of interest policy form. Each new employee is required to sign off on the employee manual, which includes a description of the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The keeper with the board reviews the nh non-profit salary survey provided every two years to come up with a salary that is comparable to other similar non-profit organizations within the state.

Form 990, Part VI, Section C, Line 19

The by-laws of the athenaeum, including the conflict of interest policy, are on the "about us" page of our website. Form 990 is available on our website and upon request.

Filing and Contact Details

Filer

Filer Name
Proprietors Portsmouth Athenaeum
EIN
02-0245312
Phone
6034312538
Address
9 MARKET SQUARE PO BOX 366, PORTSMOUTH, NH 03802

Signing Officer

Name
Craig Steidle
Title
Treasurer
Phone
6034312538
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Steidle
Formed
1817
Legal Domicile
Nh
Voting Board Members
14
Independent Board Members
14
Employees
11
Volunteers
80

Preparer

Firm
Cummings Lamont & Mcnamee Pa
Address
ONE NEW HAMPSHIRE AVENUE SUITE 305, PORTSMOUTH, NH 03801
Preparer
Melanie Bunker CPA
Phone
6034306200
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A - Continued

Friday, february 16 saw the opening reception for the exhibition: "first in the nation: new hampshire primaries - 1920-2020." nearly 100 people attended the opening, which included a gallery talk by the photographer jim cole. A second gallery talk with curator and collector susan romans took place on october 26. An average of 60-80 people attended each first friday art 'round town reception for the show, which ran through november. The 2024 lecture series: "political engagement in new hampshire, past and present" reflected the exhibit's focus on elections and opened with thomas rath on: "an insider's take on nh's presidential primary" on april 17. May 15th brought james pindell on: "granite state politics and first-in-the-nation presidential primary: a journalist's perspective." hannah mccarthy and nick capodice of npr spoke on: "civics 101: what we're taught and what we're not" on june 19. David w. Moore of unh spoke on: "misreading the public: the failed promise of public opinion polling" on september 18. Wednesday, october 16 saw "the paradox of franklin pierce's politics" with hugh dubrelle. On november 13 we welcomed historian ann beattie on "general benjamin butler: rapscallion reformer." the series concluded on november 20 with jack mcgee on :"levi woodbury: from 'baby judge' to u.s. Supreme court (and the threshold of the white house)." our new current events lecture series began thursday, april 25 with melissa paly, the conservation law foundation's great bay water keeper and the great bay stewards host a book discussion on small town, big oil - the untold story of the women who took on the richest man in the world-and won), celebrating 50 years since the defeat of the onasis oil refinery proposed for durham at 3s artspace. Thursday, may 9 featured emily schmall, new york times correspondent on south asia talking about: "the role of the media and the modi pr machine." on wednesday, may 8, we hosted a conversation with proprietors john lamson and lou salome about the work of rain for the sahel and sahara, a local non-profit that benefits women and children in niger. John and his wife lee are being honored by rain for their support. Next on thursday, may 30 we hosted a conversation with proprietor dudley dudley and ashleigh tucker, executive vice-president of the music hall, celebrating 50 years since the defeat of the onasis oil refinery proposed for durham. Friday, september 13 featured a conversation with new athenaeum member, john roese, chief technology officer of dell computers, discussing: "ai, the technologies and the challenges." finally, on friday, october 18 mariana budjeryn spoke about "ukraine's nuclear disarmament and its impact on the global nuclear order". Other lectures included: thursday, march 28 dr. Fred schubert on "the great escape and emigration of scientist from totalitarian europe, 1933-1943," by. The personal stories and work of some scientists, and a surgeon, who left their lives behind and contributed important work in adopted countries during a most turbulent period. As a consequence, continental europe lost its technical dominance. Thursday, august 22 we held an author talk and reading by denis forster: local author and retired new york attorney denis forster will discuss his amazon best seller, freedom and adventure, in which he gives an account of his 1961 overland trip, hitchhiking solo from wisconsin through middle america to texas, then thousands of miles down the pan-american highway through mexico, guatemala, el salvador, honduras, nicaragua, costa rica and panama to the panama canal - likely the first time, and maybe the only time, such a journey has been done - particularly alone. Thursday, november 14 saw a talk, "how findings of "young upstart" science unsettled long held views in religion, statecraft and the law., "by dr. Fred schubert. The talk focuses on selected people and events, including galileo, hobbes, darwin, prohibition, the scopes trial and a couple of more recent lan

Financial Statement Notes

PART III, LINE 4:

The portsmouth athenaeum has a collection of books, art, artifacts, manuscripts and ephemera relating to the history of the piscataqua region. We, the proprietors of the portsmouth athenaeum, associate to promote learning and advance useful knowledge among our constituents and the wider community by facilitating convivial interchange and intellectual discourse; maintaining our historic building and library; and collecting and preserving materials relevant to the history and culture of portsmouth and the piscataqua region.

PART X, LINE 2:

The federal and state informational tax returns of the athenaeum are subject to examination, generally for three years after it was filed.

Raw XML AppendixShowing 400 of 529 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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