Civic Intelligence

Historic Salem Inc.

990 • Fiscal year 2016 • EIN 04-6191407

Apr 01, 2015 to Mar 31, 2016 • Filed on Jan 24, 2017

P O Box 865Salem, MA 01970

(978) 745-0799

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

23rd percentile

-9.1%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

56th percentile

$27,584

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 29.6% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

36th percentile

-1.9%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$582,776

Down $11,274 (-1.9%) from 2015

Net Assets

Down

$582,776

Down $11,274 (-1.9%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$93,331

Up $30,531 (+49%) from 2015

Expenses

Up

$101,821

Up $16,260 (+19%) from 2015

Net Income

Up

-$8,490

Up $14,271 (+63%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $616,167Liabilities 2011: $59Net Assets 2011: $616,1082011Assets 2012: $629,146Liabilities 2012: $3,507Net Assets 2012: $625,6392012Assets 2013: $618,234Liabilities 2013: $904Net Assets 2013: $617,3302013Assets 2014: $614,621Liabilities 2014: $884Net Assets 2014: $613,7372014Assets 2015: $594,050Liabilities 2015: $0Net Assets 2015: $594,0502015Assets 2016: $582,776Liabilities 2016: $0Net Assets 2016: $582,7762016Assets 2017: $549,913Liabilities 2017: $0Net Assets 2017: $549,9132017Assets 2018: $571,263Liabilities 2018: $0Net Assets 2018: $571,2632018Assets 2019: $574,540Liabilities 2019: $0Net Assets 2019: $574,5402019Assets 2020: $555,587Liabilities 2020: $0Net Assets 2020: $555,5872020Assets 2021: $600,628Liabilities 2021: $12,820Net Assets 2021: $587,8082021Assets 2022: $736,377Liabilities 2022: $1,115Net Assets 2022: $735,2622022Assets 2023: $777,983Liabilities 2023: $1,315Net Assets 2023: $776,6682023Assets 2024: $845,093Liabilities 2024: $1,490Net Assets 2024: $843,6032024Assets 2025: $921,418Liabilities 2025: $1,490Net Assets 2025: $919,9282025

Highlighted filing

2016

Assets$582,776
Liabilities$0
Net Assets$582,776

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $83,5102011Expenses 2012: $77,5722012Revenue 2013: $72,352Expenses 2013: $84,062Net Income 2013: -$11,7102013Revenue 2014: $60,473Expenses 2014: $70,779Net Income 2014: -$10,3062014Revenue 2015: $62,800Expenses 2015: $85,561Net Income 2015: -$22,7612015Revenue 2016: $93,331Expenses 2016: $101,821Net Income 2016: -$8,4902016Revenue 2017: $98,851Expenses 2017: $135,411Net Income 2017: -$36,5602017Revenue 2018: $126,034Expenses 2018: $111,808Net Income 2018: $14,2262018Revenue 2019: $110,652Expenses 2019: $109,025Net Income 2019: $1,6272019Revenue 2020: $134,551Expenses 2020: $144,124Net Income 2020: -$9,5732020Revenue 2021: $105,751Expenses 2021: $85,099Net Income 2021: $20,6522021Revenue 2022: $216,976Expenses 2022: $78,797Net Income 2022: $138,1792022Revenue 2023: $132,464Expenses 2023: $81,176Net Income 2023: $51,2882023Revenue 2024: $166,380Expenses 2024: $122,773Net Income 2024: $43,6072024Revenue 2025: $190,816Expenses 2025: $116,837Net Income 2025: $73,9792025

Highlighted filing

2016

Revenue$93,331
Expenses$101,821
Net Income-$8,490
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Jan 24, 2017
Return Version
2015v3.0
Gross Receipts
$128,297
Mission and Program Overview

Mission

Historic Salem's mission is to ensure that the historic resources of Salem, MA which are the key to its identity, its quality of life and its economic vitality, are preserved for future generations and that new development complements the historic character of the City. Historic Salem accomplishes its mission through preservation, education, advocacy and partnership.

The objective and purpose of the organization is the preservation of historic sites, buildings, and objects through the stimulation and encouragement of civic pride and education of the community in the value of historic and architectural heritage and other items relating to historical and civic information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$594,050$582,776▼ $11,274
Land, Buildings, and Equipment, Net$352,541$341,622▼ $10,919
Savings and Temporary Cash Investments$108,192$108,306▲ $114
Cash and Non-Interest-Bearing Accounts$65,792$66,608▲ $816
Investments in Publicly Traded Securities$66,992$66,240▼ $752
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$594,050$582,776▼ $11,274
Other Assets Total$533$0▼ $533
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$594,050$582,776▼ $11,274
Total Liabilities and Net Assets / Fund Balance$594,050$582,776▼ $11,274

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$158,928$67,069$225,997
Buildings$132,694$67,306$200,000
Land$50,000-$50,000
Equipment-$2,954$2,954

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$115,177$2,056▼ $2,784-$114,449
2014$109,936-▲ $5,241-$115,177
2013$101,535-▲ $8,401-$109,936
2012$96,143-▲ $5,392-$101,535
2011$109,328-▲ $2,035$15,220$96,143
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard ThompsonExecutive AdminPT$27,584$27,584
Emily UdyPreservation AdPT$15,640$15,640

Board Members and Trustees

NameTitle
Jennifer FirthPresident
David HartVice President
Elaine GerdineVice President
Simeen BrownVice President
Anya WilczynskiDirector
Austen BaillyDirector
Brenton DicksonDirector
David MoffatDirector
Jef GrinarmlDirector
Margaret TwoheyDirector
Morris SchopfDirector
Sheila ConnellyDirector
Stephanie HowlettDirector
Timothy JenkinsDirector
Valerie FoxDirector
William BarlowDirector
William RayeDirector
John SchneiderAsst. Treasurer
Jeffrey ArouthTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,218
Program Service Revenue
$0
Investment Income
$2,150
Other Revenue
$77,963
All Other Contributions
$6,300
Change in Net Assets
$-8,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,952
Salaries, Compensation, and Employee Benefits$29,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,584--$27,584
Fees for Services Other$19,070--$19,070
Occupancy$16,879--$16,879
Depreciation Depletion-$10,919-$10,919
Office Expenses-$8,638-$8,638
Insurance$6,763--$6,763
Conferences and Meetings$3,040--$3,040
Payroll Taxes$2,285--$2,285
Other Expenses$2,759$753-$753
All Other Expenses$250$50-$300
Total Functional Expenses$78,630$23,191$0$101,821
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$105,534
Fundraising Direct Expenses$34,966
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Xmas Tour$69,814$69,814$16,611$53,203
Ada Huxtable Event$34,649$34,649$18,355$16,294
Total Events$104,463$104,463$34,966$69,497
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization has approximately 150 members who pay dues. These dues provide them with invitations to special events, a quarterly newsletter, and access to information about issues affecting the local community.

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization receives the form 990 from the outside independent accountant. The 990 is then reviewed by the treasurer.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The organization employs one part-time employee. Pay rate is determined by reviewing rates in comparable positions. A decision is made by the executive board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents available on-line. Financial information is provided at the annual meeting.

Filing and Contact Details

Filer

Filer Name
Historic Salem Inc
EIN
04-6191407
Phone
9787450799
Address
P O BOX 865, SALEM, MA 01970

Signing Officer

Name
Jeffrey Arouth
Title
Treasurer
Signed
2017-01-24
Discuss with paid preparer
Yes

Organization Details

Formed
1944
Legal Domicile
Ma
Voting Board Members
19
Independent Board Members
19
Employees
1
Volunteers
600

Preparer

Firm
Vesey & Weeks PC
Address
185 Centre St Ste 103, Danvers, MA 01923
Preparer
Stephen T Vesey
Phone
9787743000
Supplemental Narrative

Financial Statement Notes

Part II, Line 9: Organization Reporting of conservation easements.

Easement is monitored on an annual basis using a checklist created by the organization. No expenses were incurred and only minimal investment income was earned during the year.

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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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Executive Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt9Preservation Ad
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt17President
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt20Asst. Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01944
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt034966
IRS990/FundraisingGrossIncomeAmt0105534
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0128297
IRS990/GrossRentsGrp/RealAmt04875
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt06763
IRS990/InsuranceGrp/TotalAmt06763
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02150
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02150
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt066992
IRS990/InvestmentsPubTradedSecGrp/EOYAmt066240
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0341622
IRS990/LandBldgEquipCostOrOtherBssAmt0478951
IRS990/LegalDomicileStateCd0MA
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE OBJECTIVE AND PURPOSE OF THE ORGANIZATION IS THE PRESERVATION OF HISTORIC SITES, BUILDINGS, AND OBJECTS THROUGH THE STIMULATION AND ENCOURAGEMENT OF CIVIC PRIDE AND EDUCATION OF THE COMMUNITY IN THE VALUE OF HISTORIC AND ARCHITECTURAL HERITAGE AND OTHER ITEMS RELATING TO HISTORICAL AND CIVIC INFORMATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0594050
IRS990/NetAssetsOrFundBalancesEOYAmt0582776
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt070568
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt04875
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04875
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IRS990/OccupancyGrp/ProgramServicesAmt016879
IRS990/OccupancyGrp/TotalAmt016879
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08638
IRS990/OfficeExpensesGrp/TotalAmt08638
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0533
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PLAQUES
IRS990/OtherExpensesGrp/Desc1FINANCE FEES
IRS990/OtherExpensesGrp/Desc2PAYROLL FEES
IRS990/OtherExpensesGrp/Desc3BANK FEES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2753
IRS990/OtherExpensesGrp/ProgramServicesAmt02759
IRS990/OtherExpensesGrp/TotalAmt02759
IRS990/OtherExpensesGrp/TotalAmt11759
IRS990/OtherExpensesGrp/TotalAmt21072
IRS990/OtherExpensesGrp/TotalAmt3753
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0PLAQUES
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02520
IRS990/OtherRevenueTotalAmt02520
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02285
IRS990/PayrollTaxesGrp/TotalAmt02285
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07648
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02179
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt054761
IRS990/PYOtherRevenueAmt052973
IRS990/PYRevenuesLessExpensesAmt0-22761
IRS990/PYSalariesCompEmpBnftPaidAmt030800
IRS990/PYTotalExpensesAmt085561
IRS990/PYTotalRevenueAmt062800
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-8490
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04875
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt093331
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0108192

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.21$0.01$9.20$1.91$1.17$0.74
2024Detailed filing. Detailed filing data is available for this year.$8.45$0.01$8.44$1.66$1.23$0.44
2023Detailed filing. Detailed filing data is available for this year.$7.78$0.01$7.77$1.32$0.81$0.51
2022Detailed filing. Detailed filing data is available for this year.$7.36$0.01$7.35$2.17$0.79$1.38
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.01$0.13$5.88$1.06$0.85$0.21
2020Detailed filing. Detailed filing data is available for this year.$5.56$0.00$5.56$1.35$1.44$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.75$0.00$5.75$1.11$1.09$0.02
2018Detailed filing. Detailed filing data is available for this year.$5.71$0.00$5.71$1.26$1.12$0.14
2017Detailed filing. Detailed filing data is available for this year.$5.50$0.00$5.50$0.99$1.35$0.37
2016Detailed filing. Detailed filing data is available for this year.$5.83$0.00$5.83$0.93$1.02$0.08
2015Detailed filing. Detailed filing data is available for this year.$5.94$0.00$5.94$0.63$0.86$0.23
2014Detailed filing. Detailed filing data is available for this year.$6.15$0.01$6.14$0.60$0.71$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$0.01$6.17$0.72$0.84$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.29$0.04$6.26$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$0.00$6.16$0.84