Civic Intelligence

Cortland County Historical Society Inc

EIN 15-0555683 • 501(c)3 • Cortland, NY

Profile

Preserving historical items

25 Homer AvenueCortland, NY 13045

www.cortlandhistory.org

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Net Margin

42nd percentile

0.7%

Higher net margin than 42% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$58,500

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 29.2% of source-year revenue.

NTEE A • $1M-$5M nonprofits • Source year 2024

Asset Growth

65th percentile

8.8%

Faster asset growth than 65% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

30%

Faster revenue growth than 68% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,173,452

Up $95,323 (+8.8%) from 2023

Liabilities

Down

$2,329

Down $1,008 (-30%) from 2023

Net Assets

Up

$1,171,123

Up $96,331 (+9.0%) from 2023

Revenue

Up

$200,438

Up $46,033 (+30%) from 2023

Expenses

Up

$199,087

Up $6,212 (+3.2%) from 2023

Net Income

Up

$1,351

Up $39,821 (+104%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $215,723Liabilities 2010: $1,638Net Assets 2010: $214,0852010Assets 2011: $219,415Liabilities 2011: $2,003Net Assets 2011: $217,4122011Assets 2012: $228,844Liabilities 2012: $1,491Net Assets 2012: $227,3532012Assets 2013: $249,888Liabilities 2013: $1,475Net Assets 2013: $248,4132013Assets 2014: $265,938Liabilities 2014: $1,605Net Assets 2014: $264,3332014Assets 2015: $246,758Liabilities 2015: $3,386Net Assets 2015: $243,3722015Assets 2016: $287,698Liabilities 2016: $3,175Net Assets 2016: $284,5232016Assets 2017: $310,975Liabilities 2017: $1,484Net Assets 2017: $309,4912017Assets 2018: $302,706Liabilities 2018: $4,483Net Assets 2018: $298,2232018Assets 2019: $645,435Liabilities 2019: $3,368Net Assets 2019: $642,0672019Assets 2020: $764,569Liabilities 2020: $10,024Net Assets 2020: $754,5452020Assets 2021: $968,228Liabilities 2021: $2,966Net Assets 2021: $965,2622021Assets 2022: $987,472Liabilities 2022: $6,643Net Assets 2022: $980,8292022Assets 2023: $1,078,129Liabilities 2023: $3,337Net Assets 2023: $1,074,7922023Assets 2024: $1,173,452Liabilities 2024: $2,329Net Assets 2024: $1,171,1232024

Highlighted filing

2024

Assets$1,173,452
Liabilities$2,329
Net Assets$1,171,123

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $93,8552010Expenses 2011: $95,8252011Expenses 2012: $87,0102012Revenue 2013: $90,074Expenses 2013: $86,748Net Income 2013: $3,3262013Revenue 2014: $104,508Expenses 2014: $89,770Net Income 2014: $14,7382014Revenue 2015: $92,115Expenses 2015: $96,077Net Income 2015: -$3,9622015Revenue 2016: $105,557Expenses 2016: $98,248Net Income 2016: $7,3092016Revenue 2017: $107,793Expenses 2017: $109,448Net Income 2017: -$1,6552017Revenue 2018: $131,036Expenses 2018: $117,611Net Income 2018: $13,4252018Revenue 2019: $370,294Expenses 2019: $109,375Net Income 2019: $260,9192019Revenue 2020: $156,422Expenses 2020: $132,172Net Income 2020: $24,2502020Revenue 2021: $268,992Expenses 2021: $130,921Net Income 2021: $138,0712021Revenue 2022: $285,754Expenses 2022: $170,656Net Income 2022: $115,0982022Revenue 2023: $154,405Expenses 2023: $192,875Net Income 2023: -$38,4702023Revenue 2024: $200,438Expenses 2024: $199,087Net Income 2024: $1,3512024

Highlighted filing

2024

Revenue$200,438
Expenses$199,087
Net Income$1,351

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.20$0.20$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.07$0.15$0.19$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$0.29$0.17$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.27$0.13$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.76$0.01$0.75$0.16$0.13$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.64$0.37$0.11$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.13$0.12$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.11$0.11$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.28$0.11$0.10$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.24$0.09$0.10$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.26$0.10$0.09$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.09$0.09$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.21$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 30, 2025
Return Version
2024v5.2
Gross Receipts
$357,067
Mission and Program Overview

Mission

Preserving historical items

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$767,257$991,969▲ $224,712
Savings and Temporary Cash Investments$186,553$80,464▼ $106,089
Land, Buildings, and Equipment, Net$82,711$76,943▼ $5,768
Cash and Non-Interest-Bearing Accounts$30,676$6,319▼ $24,357
Inventories for Sale or Use$3,395$3,528▲ $133
Prepaid Expenses and Deferred Charges$3,308$0▼ $3,308
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-
Total Assets$1,078,129$1,173,452▲ $95,323
Other Assets Total$4,229$14,229▲ $10,000
Liabilities
Accounts Payable and Accrued Expenses$3,333$2,327▼ $1,006
Other Liabilities$4$2▼ $2
Total Liabilities$3,337$2,329▼ $1,008
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,053,778$1,126,109▲ $72,331
Net Assets With Donor Restrictions$21,014$45,014▲ $24,000
Total Net Assets Fund Balance$1,074,792$1,171,123▲ $96,331
Total Liabilities and Net Assets / Fund Balance$1,078,129$1,173,452▲ $95,323

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,961$198,097$213,058
Leasehold Improvements$37,043$51,458$88,501
Equipment$5,626$20,186$25,812
Other Land Buildings$9,313$7,191$16,504
Land$10,000-$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tabitha ScovilleDirectorFT$58,500$58,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$93,754
Program Service Revenue
$20,916
Investment Income
$36,315
Other Revenue
$49,453
All Other Contributions
$83,947
Change in Net Assets
$1,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$106,371
Other Expenses$92,716
Total Fundraising Expense$11,428
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$44,460$13,455$585$58,500
Other Salaries and Wages$30,035$9,090$395$39,520
Occupancy$23,435$4,133-$27,568
Advertising$16,911-$10,365$27,276
Payroll Taxes$6,347$1,921$83$8,351
Depreciation Depletion$7,031$1,240-$8,271
All Other Expenses$1,891$1,262-$3,153
Other Expenses$4,539$2,037-$2,037
Total Functional Expenses$134,649$53,010$11,428$199,087
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,141
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Fund Drive$49,141$49,141-$49,141
Total Events$49,141$49,141-$49,141
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$2
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
No
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 B, Line 11B

Form 990 is reviewed by the board prior to filing.

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

Board members are required to disclose conflicts as they arise.

Form 990, Part VI, Section B, Line 15A

The executive director's compensation is determined by comparing to similar positions in the surrounding area. Her performance is also reviewed when determing the compensation. After the review of those factors, the board approves the compensation.

Form 990, Part VI, Section C, Line 19

The society's governing documents, policies, and financial statements are made available to the public upon request as required by law.

Filing and Contact Details

Filer

Filer Name
Cortland County Historical Society Inc
EIN
15-0555683
Phone
6077566071
Address
25 HOMER AVENUE, CORTLAND, NY 13045

Signing Officer

Name
Tabitha Scoville
Title
Director
Signed
2025-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tabitha Scoville
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
45

Preparer

Firm
Port Kashdin & McSherry CPAs
Address
3535 West Rd, Cortland, NY 13045
Preparer
Deborah Hayden
Phone
6077565681
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

In conformity with the practice followed by many historical associations, collections purchased are reported as a separate program expense. The value of donated collection items are not included in the financial statements and have not been capitalized in the fixed assets. Collections consist of paintings, lithographs, furniture and other historical items from cortland county. An inventory is kept for each exhibit area within the museum and all collection items are fully insured.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The organization preserves and maintains historical items that are relevant to the history of cortland county. The organization serves to educate the community about cortland county with the use of programs, exhibits and workshops.

Part V, Line 4: Intended uses of the endowment fund.

The endowment funds are permanently restricted. The interest from the funds can be used for the general operations of the society.

Part X : FIN48 Footnote

The Society follows the standards for accounting for uncertainty in income taxes. This standard establishes a recognition threshold and measurement process for income tax positions recognized in an enterprises financial statements. At December 31, 2024, the Society did not have any unrecognized tax benefits or any related accrued interest or penalties. The tax years open to examination by the Federal and New York State taxing authorities are 2022 through 2024.Significant management judgment is required in determining uncertain tax positions. While the Society bases its estimates on historical experience and various other assumptions that management believes to be reasonable under the circumstances, actual results may differ from these estimates, and, as a result, could have a material impact on the financial position.

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