Civic Intelligence

Morris County Historical Society

EIN 22-6035573 • 501(c)3 • Morristown, NJ

Profile

The mission of the morris county historical society, as the representative of a county with an exciting and unique place in the history of the united states, is to discover, preserve and make known the history of morris county through exhibits, programs, publications, and preservation advocacy.

68 Morris AvenueMorristown, NJ 07960-4315

www.acornhall.org

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

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

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

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

Net Margin

89th percentile

58%

Higher net margin than 89% of similar nonprofits.

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

Top Officer Pay

67th percentile

$90,447

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

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

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

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

Revenue Growth

92nd percentile

186%

Faster revenue growth than 92% of similar nonprofits.

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

Assets

Up

$3,077,208

Up $353,702 (+13%) from 2023

Liabilities

Flat

$929

Flat from 2023

Net Assets

Up

$3,076,279

Up $353,702 (+13%) from 2023

Revenue

Up

$1,034,681

Up $672,897 (+186%) from 2023

Expenses

Up

$434,519

Up $22,357 (+5.4%) from 2023

Net Income

Up

$600,162

Up $650,540 (+1291%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,119,443Liabilities 2010: $806Net Assets 2010: $2,118,6372010Assets 2011: $2,093,893Liabilities 2011: $991Net Assets 2011: $2,092,9022011Assets 2012: $2,148,709Liabilities 2012: $740Net Assets 2012: $2,147,9692012Assets 2013: $2,321,679Liabilities 2013: $837Net Assets 2013: $2,320,8422013Assets 2014: $2,957,853Liabilities 2014: $794Net Assets 2014: $2,957,0592014Assets 2015: $2,728,703Liabilities 2015: $1,407Net Assets 2015: $2,727,2962015Assets 2016: $3,021,728Liabilities 2016: $2,377Net Assets 2016: $3,019,3512016Assets 2017: $3,051,562Liabilities 2017: $1,674Net Assets 2017: $3,049,8882017Assets 2018: $2,825,773Liabilities 2018: $291Net Assets 2018: $2,825,4822018Assets 2019: $2,976,673Liabilities 2019: $96Net Assets 2019: $2,976,5772019Assets 2020: $3,067,212Liabilities 2020: $0Net Assets 2020: $3,067,2122020Assets 2021: $3,148,487Liabilities 2021: $96Net Assets 2021: $3,148,3912021Assets 2022: $2,514,040Liabilities 2022: $929Net Assets 2022: $2,513,1112022Assets 2023: $2,723,506Liabilities 2023: $929Net Assets 2023: $2,722,5772023Assets 2024: $3,077,208Liabilities 2024: $929Net Assets 2024: $3,076,2792024

Highlighted filing

2024

Assets$3,077,208
Liabilities$929
Net Assets$3,076,279

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $237,7802010Revenue 2011: $287,825Expenses 2011: $293,155Net Income 2011: -$5,3302011Expenses 2012: $250,1332012Revenue 2013: $555,572Expenses 2013: $393,892Net Income 2013: $161,6802013Revenue 2014: $898,801Expenses 2014: $271,330Net Income 2014: $627,4712014Revenue 2015: $373,605Expenses 2015: $535,996Net Income 2015: -$162,3912015Revenue 2016: $696,474Expenses 2016: $488,834Net Income 2016: $207,6402016Revenue 2017: $336,530Expenses 2017: $384,168Net Income 2017: -$47,6382017Revenue 2018: $526,120Expenses 2018: $490,566Net Income 2018: $35,5542018Revenue 2019: $363,126Expenses 2019: $461,411Net Income 2019: -$98,2852019Revenue 2020: $691,256Expenses 2020: $620,543Net Income 2020: $70,7132020Revenue 2021: $600,867Expenses 2021: $707,466Net Income 2021: -$106,5992021Revenue 2022: $319,803Expenses 2022: $538,802Net Income 2022: -$218,9992022Revenue 2023: $361,784Expenses 2023: $412,162Net Income 2023: -$50,3782023Revenue 2024: $1,034,681Expenses 2024: $434,519Net Income 2024: $600,1622024

Highlighted filing

2024

Revenue$1,034,681
Expenses$434,519
Net Income$600,162

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.08$0.00$3.08$1.03$0.43$0.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.00$2.72$0.36$0.41$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.00$2.51$0.32$0.54$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$0.00$3.15$0.60$0.71$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.07$0.00$3.07$0.69$0.62$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.00$2.98$0.36$0.46$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.00$2.83$0.53$0.49$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.00$3.05$0.34$0.38$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.00$3.02$0.70$0.49$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$0.00$2.73$0.37$0.54$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.90$0.27$0.63
2013Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.56$0.39$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.00$2.15$0.25
2011Summary only. Only limited summary data is available for this year.$2.09$0.00$2.09$0.29$0.29$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.00$2.12$0.24
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 6, 2015
Return Version
2014v5.0
Gross Receipts
$1,163,860
Mission and Program Overview

Mission

The mission of the morris county historical society, as the representative of a county with an exciting and unique place in the history of the united states, is to discover, preserve and make known the history of morris county through exhibits, programs, publications, and preservation advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,826,444$2,332,169▲ $505,725
Savings and Temporary Cash Investments$493,061$608,971▲ $115,910
Cash and Non-Interest-Bearing Accounts$2,174$16,713▲ $14,539
Total Assets$2,321,679$2,957,853▲ $636,174
Liabilities
Other Liabilities$837$794▼ $43
Total Liabilities$837$794▼ $43
Net Assets / Fund Balance
Unrestricted Net Assets$2,320,842$2,957,059▲ $636,217
Total Net Assets Fund Balance$2,320,842$2,957,059▲ $636,217
Total Liabilities and Net Assets / Fund Balance$2,321,679$2,957,853▲ $636,174
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amy E CurryExecutive DiFT$60,840$60,840

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$749,054
Program Service Revenue
$31,689
Investment Income
$118,058
Other Revenue
$0
All Other Contributions
$716,754
Change in Net Assets
$627,471

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$898,801
Revenue Not Reported on Form 990
$8,746
Total Revenue per Audited Statements
$907,547
Total Revenue per Form 990
$898,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,052
Salaries, Compensation, and Employee Benefits$100,278
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$44,535$16,305-$60,840
All Other Expenses$23,443--$23,443
Other Salaries and Wages$17,075$6,251-$23,326
Insurance$20,530--$20,530
Payroll Taxes$7,563$2,773-$10,336
Office Expenses$5,798$2,126-$7,924
Fees for Services Accounting-$7,600-$7,600
Other Expenses$9,420$6,900-$6,900
Other Employee Benefits$4,226$1,550-$5,776
Total Functional Expenses$227,825$43,505$0$271,330

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$271,330
Total Expenses per Audited Statements$271,330
Total Expenses per Form 990$271,330
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$734
Sales Tax Payable$60
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 7A

Governing body elected by members.

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

Reviewed by treasurer before filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Morris County Historical Society
EIN
22-6035573
Phone
9732673465
Address
68 MORRIS AVENUE, MORRISTOWN, NJ 07960-4315

Signing Officer

Name
Bennett Greenberg
Title
Treasurer
Phone
9732673465
Signed
2015-08-06
Discuss with paid preparer
Yes

Organization Details

Formed
1946
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
30

Preparer

Firm
German Vreeland & Associates Llp
Address
2 RIDGEDALE AVE SUITE 300, CEDAR KNOLLS, NJ 07927-1119
Preparer
Jeffrey M German CPA
Phone
9736052777
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the morris county historical society, as the representative of a county with an exciting and unique place in the history of the united states, is to discover, preserve and make known the history of morris county through exhibits, programs, publications, and preservation advocacy.

Form 990, Page 1, Part I, Line 6

The 10 members of the board of trustees are volunteers. The remaining 20 volunteers help with general chores in acorn hall and in the gardens surrounding acorn hall.

Form 990, Page 2, Part III, Line 4D

Oakleaf, books and gifts, cost of sales

Form 990, Page 5, Part V, Line 3B

Form 990-t was filed in prior years to obtain the healthcare credit. The healthcare credit is no longer available therefore it is no longer necessary for the organization to file form 990-t.

Financial Statement Notes

Schedule D, Page 3, Part X

The society follows fasb asc 740 "income taxes" which clarifies the accounting and recognition for tax positions taken or expected to be taken. The society recognizes the tax benefits from uncertain tax positions only if it is more likely than not, based on the technical merits, that a tax position will be sustained upon examination by the taxing authority. For the year ended december 31, 2014, the society has determined that there are no material uncertainties in income taxes. In addition, the society has not incurred any income tax related penalties or interest for the year ended december 31,2014, and is no longer subject to income tax examination by the internal revenue service for years prior to 2011.

Schedule D, Page 4, Part XIII

The society's collections are made up of artifacts of historical significance, and art objects that are held for educational, research, and curatorical purposes. Each of the items is cataloged, preserved, cared for and inventoried periodically. Activities verifying and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for the collections or for the preservation ofthe collections. The collections, which were acquired through purchases and contributions since the organization's inception, are not recognized as assets on the statement of assets, liabilities and net assets-cash basis. Contributed collection items, including the gift of land and buildings in 1971, are not reflected on the accompanying financial statements. Proceeds for the deaccessions or insurance recoveries are reflected as increases in net assets.

Raw XML AppendixShowing 400 of 430 raw XML fields

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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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt017815
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0814647
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SOCIETY FOLLOWS FASB ASC 740 "INCOME TAXES" WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE SOCIETY RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITY. FOR THE YEAR ENDED DECEMBER 31, 2014, THE SOCIETY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAINTIES IN INCOME TAXES. IN ADDITION, THE SOCIETY HAS NOT INCURRED ANY INCOME TAX RELATED PENALTIES OR INTEREST FOR THE YEAR ENDED DECEMBER 31,2014, AND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE SOCIETY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORICAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, CARED FOR AND INVENTORIED PERIODICALLY. ACTIVITIES VERIFYING AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTIONS OR FOR THE PRESERVATION OFTHE COLLECTIONS. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF ASSETS, LIABILITIES AND NET ASSETS-CASH BASIS. CONTRIBUTED COLLECTION ITEMS, INCLUDING THE GIFT OF LAND AND BUILDINGS IN 1971, ARE NOT REFLECTED ON THE ACCOMPANYING FINANCIAL STATEMENTS. PROCEEDS FOR THE DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN NET ASSETS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE MORRIS COUNTY HISTORICAL SOCIETY, AS THE REPRESENTATIVE OF A COUNTY WITH AN EXCITING AND UNIQUE PLACE IN THE HISTORY OF THE UNITED STATES, IS TO DISCOVER, PRESERVE AND MAKE KNOWN THE HISTORY OF MORRIS COUNTY THROUGH EXHIBITS, PROGRAMS, PUBLICATIONS, AND PRESERVATION ADVOCACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 10 MEMBERS OF THE BOARD OF TRUSTEES ARE VOLUNTEERS. THE REMAINING 20 VOLUNTEERS HELP WITH GENERAL CHORES IN ACORN HALL AND IN THE GARDENS SURROUNDING ACORN HALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OAKLEAF, BOOKS AND GIFTS, COST OF SALES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990-T WAS FILED IN PRIOR YEARS TO OBTAIN THE HEALTHCARE CREDIT. THE HEALTHCARE CREDIT IS NO LONGER AVAILABLE THEREFORE IT IS NO LONGER NECESSARY FOR THE ORGANIZATION TO FILE FORM 990-T.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING BODY ELECTED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVIEWED BY TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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