Historic Northampton Inc.

“Historic northampton, inc. Is known for the richness of its local collections, which include archival materials, photographs, account books, scrap books, early hymn books and other music, paintings (notably the work of charles burleigh), clothing and textiles, furniture, baskets, children's toys and games, kitchenware and ceramincs and other domestic items, medical tools, signs from local businesses, and tools and product samples from local industries such as the pro brush factory, northampton cutlery and the silver and watch-repair business of edward gare. These collections are preserved for the benefit of the general public and are used for exhibition, research and educaiton. Consistent with the organization's collection policy, collection items acquired either through purchase, donation or other means are not capitalized. The value of houses and related collection items acquired by gift is not reported in the statement of activities because no determination is made as to the fair market value of such items. However, the cost of collection items purchased is recognized as a decrease in net assets. There were no collection items purchased in the year ending september 30, 2024. Proceeds from any sale of collection items are restrcited to the maintenance and acquisition of the collection.”

“The "special purpose" of historic northampton, inc., as defined in its 1905 articles of incorporation, is "to preserve the historical records of the city of northampton, and to collect, hold, preserve and exhibit objects of historical value and interest in said city". The collections now held by historic northampton, inc. Consist primarily of objects made or owned by people in the northampton area, and these collections are clearly integral to our original mission as a historical society. Both archival materials and objects are the basis for scholarly research and for the exhibitions, programs and publications offered to the general public. The collections often have wider relevance as well. For example, the pro brush materials documents the development of the early plastic industry in the united states and the northampton silk collection documents early 19th century attempts to establish an american silk industry.”

“The organization is required to file a return of organization exempt from income tax (form 990) with the irs. The organization is also subject to income tax on net income that is derived from business activities that are unrelated to the organization's exempt purposes. Management has determined that the organization is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. The organization's filings are subject to examination by taxing authorities for all years ending on or after september 30, 2022.”

“Rental expenses netted with revenue -10,540.”

“Rental expenses netted with revenue 10,540.”