Civic Intelligence

Gloucester County Historical Society

990 • Fiscal year 2020 • EIN 23-7061170

May 01, 2019 to Apr 30, 2020 • Filed on Sep 09, 2020

17 Hunter StreetWoodbury, NJ 08096

(856) 845-7881

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

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

Liabilities / Revenue

64th percentile

0.26x

Higher debt load relative to revenue than 64% of similar nonprofits.

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

Net Margin

6th percentile

-92%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

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

Asset Growth

15th percentile

-6.6%

Faster asset growth than 15% of similar nonprofits.

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

Revenue Growth

62nd percentile

-0.8%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Down

$1,970,310

Down $138,231 (-6.6%) from 2019

Net Assets

Down

$1,938,726

Down $155,093 (-7.4%) from 2019

Liabilities

Up

$31,584

Up $16,862 (+115%) from 2019

Revenue

Down

$119,772

Down $1,014 (-0.8%) from 2019

Expenses

Up

$230,131

Up $24,931 (+12%) from 2019

Net Income

Down

-$110,359

Down $25,945 (-31%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,223,142Liabilities 2016: $30,714Net Assets 2016: $2,192,4282016Assets 2017: $2,207,780Liabilities 2017: $14,393Net Assets 2017: $2,193,3872017Assets 2018: $2,141,194Liabilities 2018: $21,993Net Assets 2018: $2,119,2012018Assets 2019: $2,108,541Liabilities 2019: $14,722Net Assets 2019: $2,093,8192019Assets 2020: $1,970,310Liabilities 2020: $31,584Net Assets 2020: $1,938,7262020Assets 2021: $2,285,469Liabilities 2021: $22,053Net Assets 2021: $2,263,4162021Assets 2023: $2,126,012Liabilities 2023: $175,511Net Assets 2023: $1,950,5012023Assets 2025: $2,308,076Liabilities 2025: $114,177Net Assets 2025: $2,193,8992025

Highlighted filing

2020

Assets$1,970,310
Liabilities$31,584
Net Assets$1,938,726

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $202,289Expenses 2016: $209,068Net Income 2016: -$6,7792016Revenue 2017: $91,814Expenses 2017: $192,023Net Income 2017: -$100,2092017Revenue 2018: $69,123Expenses 2018: $229,767Net Income 2018: -$160,6442018Revenue 2019: $120,786Expenses 2019: $205,200Net Income 2019: -$84,4142019Revenue 2020: $119,772Expenses 2020: $230,131Net Income 2020: -$110,3592020Revenue 2021: $90,712Expenses 2021: $160,727Net Income 2021: -$70,0152021Revenue 2023: $129,618Expenses 2023: $245,360Net Income 2023: -$115,7422023Revenue 2025: $228,125Expenses 2025: $355,385Net Income 2025: -$127,2602025

Highlighted filing

2020

Revenue$119,772
Expenses$230,131
Net Income-$110,359
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Sep 9, 2020
Return Version
2019v5.1
Gross Receipts
$123,420
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$520,012$497,285▼ $22,727
Investments in Publicly Traded Securities$233,001$174,612▼ $58,389
Savings and Temporary Cash Investments$25,905$39,189▲ $13,284
Pledges and Grants Receivable$21,565$39,071▲ $17,506
Prepaid Expenses and Deferred Charges$2,794$2,042▼ $752
Accounts Receivable$1,600$1,250▼ $350
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$2,108,541$1,970,310▼ $138,231
Other Assets Total$1,303,564$1,216,761▼ $86,803
Liabilities
Accounts Payable and Accrued Expenses$11,395$17,235▲ $5,840
Other Liabilities$0$14,349▲ $14,349
Unsecured Notes Loans Payable$3,327--
Total Liabilities$14,722$31,584▲ $16,862
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,307,498$1,222,125▼ $85,373
Net Assets Without Donor Restrictions$786,321$716,601▼ $69,720
Total Net Assets Fund Balance$2,093,819$1,938,726▼ $155,093
Total Liabilities and Net Assets / Fund Balance$2,108,541$1,970,310▼ $138,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$322,502$530,467$852,969
Land$171,627-$171,627
Equipment$3,156$11,013$14,169
Other Assets Org$1,216,761--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$89,581
Program Service Revenue
$4,581
Investment Income
$7,825
Other Revenue
$17,785
All Other Contributions
$26,385
Change in Net Assets
$-110,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$123,420
Revenue Not Reported on Financial Statements
$-3,648
Revenue Not Reported on Form 990
$-44,734
Other Revenue Adjustments
$-3,648
Total Revenue per Audited Statements
$78,686
Total Revenue per Form 990
$119,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,549
Salaries, Compensation, and Employee Benefits$75,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,631$2,232$0$68,863
Depreciation Depletion$16,638$6,089$0$22,727
Insurance$10,421$4,682$0$15,103
Other Expenses$4,183$8,030$0$12,213
Office Expenses$2,083$8,621$0$10,704
Information Technology$1,868$6,465$0$8,333
Payroll Taxes$6,184$535$0$6,719
Total Functional Expenses$136,317$93,814$0$230,131

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$233,779
Expenses per Audited Statements$230,131
Total Expenses per Form 990$230,131
Expenses Not Reported on Form 990$3,648
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,231
Fundraising Direct Expenses$2,387
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
Paycheck Protection Program Loan$14,349
No Uncertain Tax Positions$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
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
Filing and Contact Details

Filer

Filer Name
Gloucester County Historical Society
EIN
23-7061170
Phone
8568457881
Address
17 HUNTER STREET, WOODBURY, NJ 08096

Signing Officer

Name
Christine Newell
Title
Treasurer
Phone
8568457881
Signed
2020-09-09
Discuss with paid preparer
Yes

Organization Details

Formed
1903
Legal Domicile
Nj
Voting Board Members
18
Independent Board Members
18
Employees
5
Volunteers
40

Preparer

Firm
Renzi Bernardi Suarez & Co
Address
41 Kings Highway N, Cherry Hill, NJ 08034
Preparer
Philip J Bernardi CPA
Phone
8568587887
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The form 990 was reviewed by the president, treasurer, and chairman of the finance/audit committee.

Pt VI, Line 19

Upon request, the treasurer provides a copy.

Pt VI, Line 2

Bert & barbara turner and richard & janet burr are each married and both spouses are members of the board.

Other

Part 1, line 1 - the main objectives of the society are to acquire and preserve documents, records, and relics that relate to the history of the county, state, and country; encourage the protection and preservation of the historical landmarks and points of interest within the county; encourage historical and genealogical research; and provide related publication materials.

Financial Statement Notes

Pt III, Line 1A

The collections, which were acquired through purchases and contributions since the society's inception, are not recognized as assets on the statement of financial position. These collections include books, maps and other documents, and historical items and artifacts of varying types. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected in the financial statements. Proceeds from deaccessions are reflected as increases in the appropriate net asset classes.

Pt III, Line 4

Historically significant papers, books, clothing, furniture, paintings and quilts for general public viewing and educational purposes.

Pt XI, Line 4B

Cost of publications and direct fundraising expenses included with expenses for financial statement purposes.

Pt XII, Line 2D

Cost of publications and direct fundraising expenses included with expenses for financial statement purposes.

Pt X, Line 2

The organization has adopted current accounting principles for uncertain income tax positions that require evaluation of tax positions taken on its income tax returns and recognizing a tax asset or liability if the position would not be sustained under audit. The organization's policy is to record interest and penalties from tax examinations as income taxes. For federal income tax purposes, the returns remain open for possible examination three years after they are filed.

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0497285
IRS990/LandBldgEquipCostOrOtherBssAmt01038765
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt011916
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02093819
IRS990/NetAssetsOrFundBalancesEOYAmt01938726
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01844
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01844
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0941
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0941
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-44734
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0786321
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0716601
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08621
IRS990/OfficeExpensesGrp/ProgramServicesAmt02083
IRS990/OfficeExpensesGrp/TotalAmt010704
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01303564
IRS990/OtherAssetsTotalGrp/EOYAmt01216761
IRS990/OtherExpensesGrp/Desc0CONSERVATION & RESTORATION
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14606
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt252554
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38030
IRS990/OtherExpensesGrp/ProgramServicesAmt03324
IRS990/OtherExpensesGrp/ProgramServicesAmt113697
IRS990/OtherExpensesGrp/ProgramServicesAmt211288
IRS990/OtherExpensesGrp/ProgramServicesAmt34183
IRS990/OtherExpensesGrp/TotalAmt03324
IRS990/OtherExpensesGrp/TotalAmt118303
IRS990/OtherExpensesGrp/TotalAmt263842
IRS990/OtherExpensesGrp/TotalAmt312213
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt014349
IRS990/OtherRevenueMiscGrp/BusinessCd0561000
IRS990/OtherRevenueMiscGrp/Desc0GOVERNMENT CONTRACTS
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt015000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02232
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066631
IRS990/OtherSalariesAndWagesGrp/TotalAmt068863
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0535
IRS990/PayrollTaxesGrp/ProgramServicesAmt06184
IRS990/PayrollTaxesGrp/TotalAmt06719
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt021565
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt039071
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02794
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02042
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0BARBARA TURNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519100
IRS990/ProgramServiceRevenueGrp/BusinessCd1519100
IRS990/ProgramServiceRevenueGrp/Desc0LIBRARY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MUSEUM REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11071
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION AND MAINTENANCE OF LIBRARY OPEN FOR EDUCATION AND GENEALOGICAL RESEARCH AND GENERAL PUBLIC USE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt064577
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03510
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt086919
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011218
IRS990/PYOtherExpensesAmt0146570
IRS990/PYOtherRevenueAmt015551
IRS990/PYProgramServiceRevenueAmt07098
IRS990/PYRevenuesLessExpensesAmt0-84414
IRS990/PYSalariesCompEmpBnftPaidAmt058630
IRS990/PYTotalExpensesAmt0205200
IRS990/PYTotalRevenueAmt0120786
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-110359
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01071
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025905
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039189
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ON SCHEDULE A, PART II: RECLASSIFIED MUSEUM REVENUE AND LIBRARY REVENUE PREVIOUSLY INCLUDED ON LINE 10-OTHER INCOME TO LINE 12-PROGRAM INCOME FOR YEARS BEGINNING 2014 TO 2016. THIS CHANGE HAD AN INSIGNIFICANT EFFECT ON THE ORGANIZATION'S TOTAL PUBLIC SUPPORT PERCENTAGE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Other Income Part II, Line 10 Description: SALES OF PUBLICATIONS 2015: 6620. 2016: 3165. 2017: 3430. 2018: 3281. 2019: 2202. Description: MISCELLANEOUS 2015: 10503. 2016: 6126. 2017: 7478. 2018: 1011. 2019: 4231. Description: GOVERNMENT CONTRACT 2017: 15000. 2018: 15000. 2019: 15000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Other Addl Info
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt089581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt086919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt036074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt060821
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0177724
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0451119
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07825
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt011218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06513
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-1570
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt041686
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033535
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt021433
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt019292
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt025908
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09291
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt017123
IRS990ScheduleA/OtherIncome170Grp/TotalAmt093047
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.78770
IRS990ScheduleA/PublicSupportTotal170Amt0451119

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