Civic Intelligence

Chemung County Historical Society Inc

EIN 16-0866061 • 501(c)3 • Elmira, NY

Profile

The chemung county historical society seeks to deepen our audience's understanding of the past and the role of histroy in our future. To achieve this, the society uses diverse and evolving collections to engage audiences through interactive and dynamic exhibits and educational programs, community outreach and partnerships, publications and research services. We believe these efforts will provide a better appreciation of our community and our place in state and national history.

415 East Water StreetElmira, NY 14901-3410

www.chemungvalleymuseum.org

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.02x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

53rd percentile

5.1%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-2.5%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$5,877,677

Up $284,574 (+5.1%) from 2023

Liabilities

Up

$13,656

Up $3,656 (+37%) from 2023

Net Assets

Up

$5,864,021

Up $280,918 (+5.0%) from 2023

Operations
Liabilities / Revenue18th percentileNet Margin81st percentile

Revenue

Down

$883,718

Down $22,468 (-2.5%) from 2023

Expenses

Up

$602,800

Up $76,993 (+15%) from 2023

Net Income

Down

$280,918

Down $99,461 (-26%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,018,372Liabilities 2010: $5,713Net Assets 2010: $3,012,6592010Assets 2011: $3,008,841Liabilities 2011: $712Net Assets 2011: $3,008,1292011Assets 2012: $3,218,929Liabilities 2012: $8,812Net Assets 2012: $3,210,1172012Assets 2013: $3,812,666Liabilities 2013: $2,219Net Assets 2013: $3,810,4472013Assets 2014: $3,932,292Liabilities 2014: $13,243Net Assets 2014: $3,919,0492014Assets 2015: $4,027,610Liabilities 2015: $27,489Net Assets 2015: $4,000,1212015Assets 2016: $4,235,638Liabilities 2016: $16,244Net Assets 2016: $4,219,3942016Assets 2017: $4,615,420Liabilities 2017: $19,898Net Assets 2017: $4,595,5222017Assets 2018: $4,375,895Liabilities 2018: $40,034Net Assets 2018: $4,335,8612018Assets 2019: $4,727,587Liabilities 2019: $16,877Net Assets 2019: $4,710,7102019Assets 2021: $6,002,432Liabilities 2021: $19,370Net Assets 2021: $5,983,0622021Assets 2022: $5,226,493Liabilities 2022: $23,769Net Assets 2022: $5,202,7242022Assets 2023: $5,593,103Liabilities 2023: $10,000Net Assets 2023: $5,583,1032023Assets 2024: $5,877,677Liabilities 2024: $13,656Net Assets 2024: $5,864,0212024

Highlighted filing

2024

Assets$5,877,677
Liabilities$13,656
Net Assets$5,864,021
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2010: $391,600Expenses 2010: $294,020Net Income 2010: $97,5802010Revenue 2011: $432,134Expenses 2011: $416,815Net Income 2011: $15,3192011Revenue 2012: $583,549Expenses 2012: $422,108Net Income 2012: $161,4412012Revenue 2013: $705,866Expenses 2013: $415,476Net Income 2013: $290,3902013Revenue 2014: $527,811Expenses 2014: $457,703Net Income 2014: $70,1082014Revenue 2015: $732,410Expenses 2015: $488,117Net Income 2015: $244,2932015Revenue 2016: $451,424Expenses 2016: $470,397Net Income 2016: -$18,9732016Revenue 2017: $662,551Expenses 2017: $488,637Net Income 2017: $173,9142017Revenue 2018: $226,937Expenses 2018: $486,598Net Income 2018: -$259,6612018Revenue 2019: $864,306Expenses 2019: $489,457Net Income 2019: $374,8492019Revenue 2021: $1,183,713Expenses 2021: $581,525Net Income 2021: $602,1882021Revenue 2022: -$299,225Expenses 2022: $481,113Net Income 2022: -$780,3382022Revenue 2023: $906,186Expenses 2023: $525,807Net Income 2023: $380,3792023Revenue 2024: $883,718Expenses 2024: $602,800Net Income 2024: $280,9182024

Highlighted filing

2024

Revenue$883,718
Expenses$602,800
Net Income$280,918
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,877,677
Liabilities
$13,656
Net assets
$5,864,021
Revenue
$883,718
Expenses
$602,800
Net income
$280,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$0.01$5.86$0.88$0.60$0.28
2023Summary only. Only limited summary data is available for this year.$5.59$0.01$5.58$0.91$0.53$0.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$0.02$5.20$0.30$0.48$0.78
2021Summary only. Only limited summary data is available for this year.$6.00$0.02$5.98$1.18$0.58$0.60
2019Summary only. Only limited summary data is available for this year.$4.73$0.02$4.71$0.86$0.49$0.37
2018Summary only. Only limited summary data is available for this year.$4.38$0.04$4.34$0.23$0.49$0.26
2017Summary only. Only limited summary data is available for this year.$4.62$0.02$4.60$0.66$0.49$0.17
2016Summary only. Only limited summary data is available for this year.$4.24$0.02$4.22$0.45$0.47$0.02
2015Summary only. Only limited summary data is available for this year.$4.03$0.03$4.00$0.73$0.49$0.24
2014Summary only. Only limited summary data is available for this year.$3.93$0.01$3.92$0.53$0.46$0.07
2013Summary only. Only limited summary data is available for this year.$3.81$0.00$3.81$0.71$0.42$0.29
2012Summary only. Only limited summary data is available for this year.$3.22$0.01$3.21$0.58$0.42$0.16
2011Summary only. Only limited summary data is available for this year.$3.01$0.00$3.01$0.43$0.42$0.02
2010Summary only. Only limited summary data is available for this year.$3.02$0.01$3.01$0.39$0.29$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 25, 2025
Return Version
2024v5.0
Gross Receipts
$3,049,821
Mission and Program Overview

Mission

The chemung county historical society seeks to deepen our audience's understanding of the past and the role of histroy in our future. To achieve this, the society uses diverse and evolving collections to engage audiences through interactive and dynamic exhibits and educational programs, community outreach and partnerships, publications and research services. We believe these efforts will provide a better appreciation of our community and our place in state and national history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,174,090$5,470,881▲ $296,791
Land, Buildings, and Equipment, Net$408,351$404,146▼ $4,205
Savings and Temporary Cash Investments$9,978$2,650▼ $7,328
Prepaid Expenses and Deferred Charges$684--
Total Assets$5,593,103$5,877,677▲ $284,574
Liabilities
Deferred Revenue$10,000$10,000→ $0
Accounts Payable and Accrued Expenses-$3,656-
Total Liabilities$10,000$13,656▲ $3,656
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,910,278$5,191,196▲ $280,918
Net Assets With Donor Restrictions$672,825$672,825→ $0
Total Net Assets Fund Balance$5,583,103$5,864,021▲ $280,918
Total Liabilities and Net Assets / Fund Balance$5,593,103$5,877,677▲ $284,574

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$207,680$208,030$415,710
Equipment$3,274$133,683$136,957
Land$115,931-$115,931
Other Land Buildings$77,261--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,174,090$40,500▲ $468,457$212,166$5,470,881
2023$4,771,678-▲ $533,932$131,520$5,174,090
2022$5,494,387$62,000▼ $697,491$87,218$4,771,678
2021$4,939,026$51,101▲ $688,815$184,555$5,494,387
2020$4,195,798$70,078▲ $760,895$87,745$4,939,026
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Michael HerrickPresident
Anita LewisTrustee
DANIEL O'CONNELLTrustee
Debra ToddTrustee
Eiron SmithTrustee
Jane JoralemonTrustee
Jennifer Herrick McgonigalTrustee
Jennifer SwainTrustee
John LiquoriTrustee
Jon WilliamsTrustee
Marilyn CristofaroTrustee
Roy CummingsTrustee
Shelby FayTrustee
Steve WelliverTrustee
Julia Heyward2nd Vice-pre
Tom WallacePast Preside
Sara CiccottiSecretary
Matthew GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$305,144
Program Service Revenue
$19,584
Investment Income
$468,460
Other Revenue
$90,530
All Other Contributions
$123,863
Change in Net Assets
$280,918

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$115,800Appraisal
Total Noncash Contributions1$115,800-

Audited Revenue Reconciliation

Revenue per Audited Statements
$883,718
Total Revenue per Audited Statements
$883,718
Total Revenue per Form 990
$883,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$314,012
Other Expenses$288,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$184,237-$184,237
Other Salaries and Wages$129,511$45,112-$174,623
Current Officers, Directors, Trustees, and Key Employees$61,325$21,435-$82,760
Other Employee Benefits$20,588$7,177-$27,765
Payroll Taxes$17,066$5,950-$23,016
Fees for Services Accounting-$20,725-$20,725
All Other Expenses$7,942$4,938-$12,880
Advertising$8,576--$8,576
Depreciation Depletion-$8,298-$8,298
Conferences and Meetings-$5,854-$5,854
Pension Plan Contributions$4,336$1,512-$5,848
Other Expenses$4,498$4,272-$4,272
Office Expenses-$2,933-$2,933
Total Functional Expenses$280,315$322,485$0$602,800

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$602,800
Total Expenses per Audited Statements$602,800
Total Expenses per Form 990$602,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$49,195
Gaming Direct Expenses$27,132
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
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, Page 6, Part VI, Line 7A

“Officers and board members are elected or approved by the current board of directors.”

Form 990, Page 6, Part VI, Line 11B

“The filing is reviewed by the director and at least two officers before it is filed. The filing is reviewed and approved by the board of directors before it is filed (time permitting) and after if not time permitting.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policy is reviewed annually by the board of directors and any issues regarding any conflicts of interest are addressed immediately by the board.”

Form 990, Page 6, Part VI, Line 15A

“Key employees salaries are reviewed and approved by the board annually during the budget process.”

Form 990, Page 6, Part VI, Line 19

“All are available upon request to view either on premises or receive copies via email or postal mail.”

Filing and Contact Details

Filer

Filer Name
Chemung County Historical Society
EIN
16-0866061
Phone
6077344167
Address
415 EAST WATER STREET, ELMIRA, NY 14901-3410

Signing Officer

Name
Bruce Whitmarsh
Title
Executive Director
Phone
6077344167
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Herrick
Formed
1923
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
13
Volunteers
50

Preparer

Firm
Cavaco Management Group Ltd
Address
124 W FRANKLIN ST, HORSEHEADS, NY 14845-2437
Preparer
Richard Mcneilly
Phone
6077396239
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The chemung county historical society seeks to deepen our audience's understanding of the past and the role of histroy in our future. To achieve this, the society uses diverse and evolving collections to engage audiences through interactive and dynamic exhibits and educational programs, community outreach and partnerships, publications and research services. We believe these efforts will provide a better appreciation of our community and our place in state and national history.”

Form 990, Page 1, Part I, Line 6

“Perform various functions related to collections, education and administrative services. No benefits are received by the volunteers.”

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

“Various historical collections and exhibits related to the chemung county area to inform the public about the history related to chemung county.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt62ND VICE-PRE
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IRS990/Form990PartVIISectionAGrp/TitleTxt15PAST PRESIDE
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
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