Civic Intelligence

Chenango County Historical Society

990 • Fiscal year 2020 • EIN 23-7035407

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

45 Rexford StreetNorwich, NY 13815

(607) 334-9227

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Net Margin

46th percentile

3.0%

Higher net margin than 46% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

47th percentile

$50,358

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 26.0% of source-year revenue.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Asset Growth

47th percentile

3.4%

Faster asset growth than 47% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-11%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,367,379

Up $432,830 (+15%) from 2018

Net Assets

Up

$3,363,311

Up $432,997 (+15%) from 2018

Liabilities

Down

$4,068

Down $167 (-3.9%) from 2018

Revenue

Up

$193,959

Up $49,526 (+34%) from 2018

Expenses

Up

$188,236

Up $40,507 (+27%) from 2018

Net Income

Up

$5,723

Up $9,019 (+274%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $999,193Liabilities 2010: $6,962Net Assets 2010: $992,2312010Assets 2014: $3,013,408Liabilities 2014: $5,587Net Assets 2014: $3,007,8212014Assets 2015: $2,985,978Liabilities 2015: $2,477Net Assets 2015: $2,983,5012015Assets 2018: $2,934,549Liabilities 2018: $4,235Net Assets 2018: $2,930,3142018Assets 2020: $3,367,379Liabilities 2020: $4,068Net Assets 2020: $3,363,3112020Assets 2021: $3,642,207Liabilities 2021: $5,831Net Assets 2021: $3,636,3762021Assets 2022: $3,286,096Liabilities 2022: $7,557Net Assets 2022: $3,278,5392022Assets 2024: $3,613,006Liabilities 2024: $18,500Net Assets 2024: $3,594,5062024

Highlighted filing

2020

Assets$3,367,379
Liabilities$4,068
Net Assets$3,363,311

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $131,0842010Revenue 2014: $448,264Expenses 2014: $344,821Net Income 2014: $103,4432014Revenue 2015: $310,377Expenses 2015: $221,790Net Income 2015: $88,5872015Revenue 2018: $144,433Expenses 2018: $147,729Net Income 2018: -$3,2962018Revenue 2020: $193,959Expenses 2020: $188,236Net Income 2020: $5,7232020Revenue 2021: $228,171Expenses 2021: $202,795Net Income 2021: $25,3762021Revenue 2022: $314,557Expenses 2022: $245,140Net Income 2022: $69,4172022Revenue 2024: $277,540Expenses 2024: $326,785Net Income 2024: -$49,2452024

Highlighted filing

2020

Revenue$193,959
Expenses$188,236
Net Income$5,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$219,966
Mission and Program Overview

Mission

To lead and support the advancement of research, education, and enjoyment of chenango county history.

To lead and support the advancement of research, education, preservation, and enjoyment of chenango county's history and historically significant assets

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$666,867$670,606▲ $3,739
Land, Buildings, and Equipment, Net$639,658$624,138▼ $15,520
Cash and Non-Interest-Bearing Accounts$123,717$156,718▲ $33,001
Savings and Temporary Cash Investments$78,143$85,790▲ $7,647
Inventories for Sale or Use$17,581$16,571▼ $1,010
Pledges and Grants Receivable$18,518$3,800▼ $14,718
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,256,354$3,367,379▲ $111,025
Other Assets Total$1,711,870$1,809,756▲ $97,886
Liabilities
Accounts Payable and Accrued Expenses$5,746$4,068▼ $1,678
Total Liabilities$5,746$4,068▼ $1,678
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,804,297$1,887,348▲ $83,051
Net Assets Without Donor Restrictions$1,446,311$1,475,963▲ $29,652
Total Net Assets Fund Balance$3,250,608$3,363,311▲ $112,703
Total Liabilities and Net Assets / Fund Balance$3,256,354$3,367,379▲ $111,025

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$608,316$157,916$766,232
Equipment-$23,713$23,713
Land$15,822-$15,822
Other Assets Org$1,809,756--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$676,321-▲ $26,230$18,315$679,982
2019$592,718-▲ $109,095$21,070$676,321
2018$655,575-▼ $41,116$17,248$592,718
2017$594,253$319▲ $80,811$15,476$655,575
2016$565,635$155▲ $47,517$15,000$594,253
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jessica MoquinExecutive DirectorFT$50,358$50,358

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$132,025
Program Service Revenue
$0
Investment Income
$17,245
Other Revenue
$44,689
All Other Contributions
$114,398
Change in Net Assets
$5,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,529
Salaries, Compensation, and Employee Benefits$67,707
Total Fundraising Expense$7,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$35,251$10,071$5,036$50,358
Depreciation Depletion$17,721$1,969-$19,690
Office Expenses$3,624$10,130$258$14,012
Insurance-$13,655-$13,655
Occupancy$9,881$3,294-$13,175
Other Salaries and Wages$8,617$2,463$1,231$12,311
All Other Expenses$772$6,443-$7,215
Payroll Taxes$3,526$1,008$504$5,038
Fees for Services Accounting-$4,425-$4,425
Fees for Service Investment Mgmnt Fees-$4,254-$4,254
Advertising-$3,939-$3,939
Other Expenses$1,751$1,622-$3,373
Travel$280$1,273-$1,553
Fees for Services Legal-$1,342-$1,342
Total Functional Expenses$107,739$73,468$7,029$188,236
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,311
Fundraising Direct Expenses$606
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Campaign$32,311$32,311$606$31,705
Total Events$32,311$32,311$606$31,705
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Members elect the members of the governing board.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

If funds are to be used from the quasi-endowment fund it requires a vote of the members of the organization. In addition the members must vote if the governing board wishes to expend the principal of the quasi-endowment fund.

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

The president and executive director review the 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest statements are signed every year by each board member. The statements are reviewed and conflicts are noted and individuals do not participate in discussions and decisions when they have conflicts. Purchases are monitored by the treasurer and executive committee.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Annually the executive committee of the governing board reviews the performance of the executive director. Performance and compensation recommendations are reported to the full governing board for discussion and approval.

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

Employee compensation is approved by the governing board and documented in mintues. Officers are not compensated.

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

Documents are available upon written request. The request would be reviewed by the executive commitee, documents would be copied and made available.

Filing and Contact Details

Filer

Filer Name
Chenango County Historical Society
EIN
23-7035407
Phone
6073349227
Address
45 REXFORD STREET, NORWICH, NY 13815

Signing Officer

Name
Jessica Moquin
Title
Executive Director
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Moquin
Formed
1969
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
78

Preparer

Firm
Piaker & Lyons Pc
Address
116 E MAIN ST STE 3, NORWICH, NY 13815
Preparer
Allison E Gunther CPA
Phone
6073368908
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Unrealized gains on trusts = $97886

Financial Statement Notes

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

The collections are not capitalized and are expensed at cost when acquired. Gains and losses on deaccessions of donated collections are recorded based on the presence or absence of donor restrictions at date of donation.

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

The historical society has collections related to local and nys history. These collections are rotated in exhibits for the public to view during the museum operating hours. In addition the collections are available for historical research. The collections further the organizations purpose of preserving local history and educating the public about local history.

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

To create an endowment that would provide earnings to fund operations.

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Peer Organizations

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