Liabilities / Assets
12th percentile
Higher debt load relative to assets than 12% of similar nonprofits.
Torrington Historical Society
EIN 06-0725798 • 501(c)3 • Torrington, CT
Profile
The purpose of the Torrington Historical Society is to discover, procure and preserve whatever may relate to civil, military, literary and ecclesiastical history and biography in general, and especially with reference to the Town of Torrington, Connecticut.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
15th percentile
Higher debt load relative to revenue than 15% of similar nonprofits.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Balance Sheet
Assets
Up$6,350,021
Up $639,364 (+11%) from 2023
Liabilities
Up$6,966
Up $1,041 (+18%) from 2023
Net Assets
Up$6,343,055
Up $638,323 (+11%) from 2023
Revenue
Up$718,253
Up $212,170 (+42%) from 2023
Expenses
Down$426,350
Down $27,286 (-6.0%) from 2023
Net Income
Up$291,903
Up $239,456 (+457%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $6,350,021
- Liabilities
- $6,966
- Net assets
- $6,343,055
- Revenue
- $718,253
- Expenses
- $426,350
- Net income
- $291,903
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 23, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $729,000
Mission and Program Overview
Mission
The purpose of the Torrington Historical Society is to discover, procure and preserve whatever may relate to civil, military, literary and ecclesiastical history and biography in general, and especially with reference to the Town of Torrington, Connecticut.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $3,648,626 | $3,990,239 | ▲ $341,613 |
| Savings and Temporary Cash Investments | $241,989 | $687,548 | ▲ $445,559 |
| Land, Buildings, and Equipment, Net | $456,940 | $506,645 | ▲ $49,705 |
| Investments Other Securities | $451,221 | $445,795 | ▼ $5,426 |
| Cash and Non-Interest-Bearing Accounts | $212,637 | $360 | ▼ $212,277 |
| 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 Program Related | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $5,710,657 | $6,350,021 | ▲ $639,364 |
| Other Assets Total | $699,244 | $719,434 | ▲ $20,190 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $5,925 | $6,966 | ▲ $1,041 |
| Total Liabilities | $5,925 | $6,966 | ▲ $1,041 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,438,645 | $4,950,312 | ▲ $511,667 |
| Net Assets With Donor Restrictions | $1,266,087 | $1,392,743 | ▲ $126,656 |
| Total Net Assets Fund Balance | $5,704,732 | $6,343,055 | ▲ $638,323 |
| Total Liabilities and Net Assets / Fund Balance | $5,710,657 | $6,350,021 | ▲ $639,364 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $487,087 | $261,545 | $748,632 |
| Other Land Buildings | $6,283 | $222,589 | $228,872 |
| Equipment | $13,275 | $25,420 | $38,695 |
| Other Assets Org | $1 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2024 | $4,240,281 | $11,366 | ▲ $449,064 | $190,971 | $4,509,740 |
| 2023 | $4,136,646 | $2,078 | ▲ $216,680 | $115,122 | $4,240,282 |
| 2022 | $4,358,164 | $923 | ▼ $120,144 | $102,298 | $4,136,645 |
| 2021 | $3,607,438 | $723 | ▲ $826,153 | $76,150 | $4,358,164 |
| 2020 | $3,344,932 | $7,275 | ▲ $345,153 | $89,922 | $3,607,438 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mark McEachern | Executive Director | PT | $45,754 | $1,373 | $47,127 |
Board Members and Trustees
| Name | Title |
|---|---|
| Marc Trivella | President |
| James Thibault | Vice President |
| Charles Roraback | Director |
| Greg Mele | Director |
| Robin Magistrali | Director |
| Stacey Mileti | Director |
| Stephen Ivain | Director |
| Steven Temkin | Director |
| Susan Cook | Director |
| Deirdre DiCara | Secretary |
| Dwight Keeney | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $568,848
- Program Service Revenue
- $4,770
- Investment Income
- $126,634
- Other Revenue
- $18,001
- All Other Contributions
- $520,618
- Change in Net Assets
- $291,903
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $264,096 |
| Other Expenses | $162,254 |
| Total Fundraising Expense | $11,892 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $110,881 | $62,077 | $4,406 | $177,364 |
| Current Officers, Directors, Trustees, and Key Employees | $28,276 | $16,494 | $2,357 | $47,127 |
| Depreciation Depletion | $27,665 | $2,189 | - | $29,854 |
| Occupancy | $20,123 | $5,903 | $804 | $26,830 |
| Insurance | $20,915 | $3,125 | - | $24,040 |
| Payroll Taxes | $11,377 | $6,423 | $550 | $18,350 |
| Other Employee Benefits | $10,774 | $6,082 | $521 | $17,377 |
| All Other Expenses | $15,501 | $1,454 | $90 | $17,045 |
| Fees for Service Investment Mgmnt Fees | - | $10,627 | - | $10,627 |
| Fees for Services Other | $893 | $8,040 | - | $8,933 |
| Other Expenses | $2,620 | $56 | $3,076 | $5,752 |
| Pension Plan Contributions | $2,432 | $1,358 | $88 | $3,878 |
| Office Expenses | $1,105 | $1,104 | - | $2,209 |
| Travel | - | $212 | - | $212 |
| Total Functional Expenses | $280,871 | $133,587 | $11,892 | $426,350 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $18,272 |
| Fundraising Direct Expenses | $10,728 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Other Events | $18,272 | $18,272 | $10,728 | $7,544 |
| Total Events | $18,272 | $18,272 | $10,728 | $7,544 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Gail Kruppa | SpouseofExecdir. | Salary | No | $80,069 |
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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
- Yes
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- No
- 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
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 2
“Treasurer and bookkeeper are married.Executive Director and Curator are married.”
Form 990, Part VI, Section A, Line 6
“MEMBERS”
Form 990, Part VI, Section B, Line 11B
“The Board reviews Form 990 before filing.”
Form 990, Part VI, Section B, Line 12C
“Conflicts noted are disclosed at Board meetings.”
Form 990, Part VI, Section B, Line 15B
“Payroll is reviewed annually by the finance committee and compared to the new england museum association salary and benefit survey. Finance committee makes payroll recommendations for approval by the board of directors.”
Form 990, Part VI, Section C, Line 19
“These documents are on file and are shared with the public on request. (most requests come from other museums)”
Filing and Contact Details
Filer
- Filer Name
- Torrington Historical Society
- EIN
- 06-0725798
- Phone
- 8604828260
- Address
- 192 MAIN STREET, TORRINGTON, CT 06790
Signing Officer
- Name
- Mark McEachern
- Title
- Executive Direc
- Signed
- 2025-10-23
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Mark McEachern
- Formed
- 1944
- Legal Domicile
- Ct
- Voting Board Members
- 11
- Independent Board Members
- 11
- Employees
- 8
- Volunteers
- 40
Preparer
- Firm
- King King & Associates Cpas
- Address
- 170 HOLABIRD AVE, WINSTED, CT 06098
- Preparer
- Robert E King CPA
- Phone
- 8603790215
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9
“Change in value of Beneficial Interest = -$0”
Form 990, Part XI, Line 9
“Change in value of beneficial Interest = $20181”
Form 990, Part XI, Line 9
“Proceeds from Sale of Collection Items = $0”
Form 990, Part XI, Line 9
“Purchase of Collection Items = -$460”
Financial Statement Notes
Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O
“Collections:The Torrington Historical Society maintains two collections: a collection of Torrington history and the Hotchkiss-Fyler collection. The collection of Torrington history includes the John H. Thompson Library and Archives as well as a large number of social, cultural and industrial artifacts. Although the majority of the collection is currently in storage, archival materials and artifacts are frequently studied by researchers and are often loaned for exhibits. In contrast, the majority of the Hotchkiss-Fyler collection is on display in the Hotchkiss-Fyler House Museum. This house museum contains a complete collection of family furnishings with an emphasis on fine and decorative arts. The Society employs a curator to ensure that the collection is protected and preserved. It is the policy of the Society that proceeds from the sale of any collection items are to be used for the purchase or care of collections. During the Current year the Society received gifts of 25 objects for the permanent (local history) collection. No collection items were purchased by the Society in the current year. There were no deaccessions in 2022.”
Part III, Line 4: Description of organization'S collections and how it furthers its purpose.
“The Society maintains two collections: a collection of Torrington history and the Hotchkiss-Fyler collection. The collection of Torrington history includes the John H Thompson Library and Archives as well as a large number of social, cultural and industrial exhibits. These items are frequently studied by researchers and are often loaned for exhibits. The Hotchkiss-Fyler House Museum contains a collection of family furnishings with an emphasis on fine and decorative arts.”
Part V, Line 4: Intended uses of the endowment fund.
“Endowment funds provide income to be used and expended for the maintenance and upkeep of the property and contents on Main Street, Torrington, Connecticut originally owned by Gertrude Hotchkiss. The Society maintains two collections: a collection of Torrington history and the Hotchkiss-Fyler collection. The collection of Torrington history includes the John H Thompson Library and Archives as well as a large number of social, cultural and industrial exhibits. These items are frequently studied by researchers and are often loaned for exhibits. The Hotchkiss-Fyler House Museum contains a collection of family furnishings with an emphasis on fine and decorative arts.”
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| IRS990/MissionDesc | 0 | The purpose of the Torrington Historical Society is to discover, procure and preserve whatever may relate to civil, military, literary and ecclesiastical history and biography in general, and especially with reference to the Town of Torrington, Connecticut. |
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| IRS990ScheduleA/FactsAndCircumstancesTestTxt | 0 | Prior Year Facts and Circumstances: Facts and Circumstances TestThe Torrington Historical Society is an organization of the type that is typically supported by the public. For example, the Torrington Historical Society operates a history museum, a house museum and a research library. Our varied programs include: exhibits, tours, historical research, and publications that serve the public in many ways. We, in turn, receive public support in a variety of ways including memberships, annual giving, donations, bequests, governmental grants and public foundation grants.Ten percent limitation:The organizations level of public support has been above 33 and 1/3 percent for many years. However, during 2019, 2020, 2021, 2022, and 2023 our level of public support fell slightly below that threshold and was 27.91% for 2019, 30.15% for 2020, 31.94% for 2021, 32.58% for 2022, and 32.10% for 2023. These percentages are well above the 10% threshold of public support to meet the Facts and Circumstances Test. Attraction of Public Support:The organization has staff and volunteers who are organized to attract public support. A membership committee works to attract new members and the annual membership drive maintains our annual membership level around 500 individuals. In addition to the annual membership drive, staff members organize an annual, year-end giving campaign. Both of these efforts net significant public support. The organization also has annual fundraising events for the general public and staff members regularly submit grant proposals to governmental agencies and public foundations with a high level of success. Percentage of financial support:The organizations percentage of financial support from the general public is somewhat depressed by the fact that about 20% of annual income comes from the organizations endowment fund. This endowment fund was created with donations and bequests from dozens of unrelated individuals who are classed as the general public. Sources of support:Typically on average the organization received membership support from over 500 individual gigts; donors to the annual appeal; unsolicited donations; corporate gifts; governmental grants and public foundation grants. In addition various individuals contributed objects and archival materials to the museums collections. Availability of public facilities and public participation:1)The organization operates a house museum and adjoining history museum that are open to the public for 9 months of the year. The museums library and archives are open to the public year round for in-person visits or on-line inquiries. 2) The organization provides educational lecture programs for the general public, school programs and opens its archives to anyone conducting historical research. The organization also publishes scholarly books, pamphlets and documentaries that are utilized by the general public. 3) The organization maintains a variety of educational initiatives and employs an education specialist to fulfill its educational mission Additional factors for membership organizations:1)The organizations membership committee and staff led membership initiatives are designed to enroll a large cross-section of the community as members of the organization. 2) Annual membership dues start at $20 for individual seniors and $25 for other individuals. This is an affordable membership rate for our demographics. 3) The institutions educational programs and exhibits cover a variety of historical topics that hold a broad public interest. |
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