Civic Intelligence

Westfield Historical Society

EIN 23-7146945 • 501(c)3 • Westfield, NJ

Profile

The mission of the Westfield Historical Society (WHS) is to preserve, interpret and encourage an interest in history, Westfield, and its residents through educational efforts and community outreach programs. (Contd Sch. O)

PO Box 613Westfield, NJ 07091

www.westfieldhistoricalsociety.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.27x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$26,458

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

45th percentile

2.2%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

76th percentile

30%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,146,381

Up $82,747 (+4.0%) from 2023

Liabilities

Up

$78,036

Up $1,423 (+1.9%) from 2023

Net Assets

Up

$2,068,345

Up $81,324 (+4.1%) from 2023

Revenue

Up

$284,745

Up $152,492 (+115%) from 2023

Expenses

Up

$238,647

Up $50,849 (+27%) from 2023

Net Income

Up

$46,098

Up $101,643 (+183%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,561,910Liabilities 2011: $17,229Net Assets 2011: $1,544,6812011Assets 2012: $1,551,695Liabilities 2012: $8,132Net Assets 2012: $1,543,5632012Assets 2013: $1,680,609Liabilities 2013: $10,829Net Assets 2013: $1,669,7802013Assets 2014: $1,753,319Liabilities 2014: $9,835Net Assets 2014: $1,743,4842014Assets 2015: $1,975,523Liabilities 2015: $12,350Net Assets 2015: $1,963,1732015Assets 2016: $2,107,087Liabilities 2016: $105,739Net Assets 2016: $2,001,3482016Assets 2017: $2,242,254Liabilities 2017: $78,706Net Assets 2017: $2,163,5482017Assets 2018: $2,180,141Liabilities 2018: $76,655Net Assets 2018: $2,103,4862018Assets 2019: $2,206,246Liabilities 2019: $82,017Net Assets 2019: $2,124,2292019Assets 2020: $2,303,507Liabilities 2020: $133,183Net Assets 2020: $2,170,3242020Assets 2021: $2,242,651Liabilities 2021: $71,212Net Assets 2021: $2,171,4392021Assets 2022: $2,053,994Liabilities 2022: $72,750Net Assets 2022: $1,981,2442022Assets 2023: $2,063,634Liabilities 2023: $76,613Net Assets 2023: $1,987,0212023Assets 2024: $2,146,381Liabilities 2024: $78,036Net Assets 2024: $2,068,3452024

Highlighted filing

2024

Assets$2,146,381
Liabilities$78,036
Net Assets$2,068,345

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $150,1372011Expenses 2012: $156,3022012Revenue 2013: $243,978Expenses 2013: $148,590Net Income 2013: $95,3882013Revenue 2014: $216,866Expenses 2014: $153,767Net Income 2014: $63,0992014Revenue 2015: $437,344Expenses 2015: $200,468Net Income 2015: $236,8762015Revenue 2016: $248,238Expenses 2016: $210,063Net Income 2016: $38,1752016Revenue 2017: $284,074Expenses 2017: $187,664Net Income 2017: $96,4102017Revenue 2018: $191,740Expenses 2018: $200,954Net Income 2018: -$9,2142018Revenue 2019: $162,903Expenses 2019: $225,647Net Income 2019: -$62,7442019Revenue 2020: $220,848Expenses 2020: $234,630Net Income 2020: -$13,7822020Revenue 2021: $129,100Expenses 2021: $158,879Net Income 2021: -$29,7792021Revenue 2022: $167,948Expenses 2022: $206,060Net Income 2022: -$38,1122022Revenue 2023: $132,253Expenses 2023: $187,798Net Income 2023: -$55,5452023Revenue 2024: $284,745Expenses 2024: $238,647Net Income 2024: $46,0982024

Highlighted filing

2024

Revenue$284,745
Expenses$238,647
Net Income$46,098

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.08$2.07$0.28$0.24$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.06$0.08$1.99$0.13$0.19$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.05$0.07$1.98$0.17$0.21$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.24$0.07$2.17$0.13$0.16$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.30$0.13$2.17$0.22$0.23$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.21$0.08$2.12$0.16$0.23$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.18$0.08$2.10$0.19$0.20$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.08$2.16$0.28$0.19$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.11$0.11$2.00$0.25$0.21$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.98$0.01$1.96$0.44$0.20$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.75$0.01$1.74$0.22$0.15$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.68$0.01$1.67$0.24$0.15$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.01$1.54$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.02$1.54$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.2
Gross Receipts
$286,515
Mission and Program Overview

Mission

The Westfield Historical Society offers a variety of community-minded services, including the operation of a living museum at the Miller-Cory House in Westfield, New Jersey, monthly luncheons, and general membership meetings with speakers and special archive exhibits.

The mission of the Westfield Historical Society (WHS) is to preserve, interpret and encourage an interest in history, Westfield, and its residents through educational efforts and community outreach programs. (Contd Sch. O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$698,656$1,071,780▲ $373,124
Land, Buildings, and Equipment, Net$732,580$698,241▼ $34,339
Cash and Non-Interest-Bearing Accounts$29,855$128,713▲ $98,858
Pledges and Grants Receivable$120,528$121,925▲ $1,397
Savings and Temporary Cash Investments$471,254$109,524▼ $361,730
Inventories for Sale or Use$5,585$5,840▲ $255
Accounts Receivable-$5,356-
Prepaid Expenses and Deferred Charges$5,176$5,002▼ $174
Total Assets$2,063,634$2,146,381▲ $82,747
Liabilities
Accounts Payable and Accrued Expenses$73,953$72,426▼ $1,527
Deferred Revenue$1,410$4,360▲ $2,950
Tax Exempt Bond Liabilities$1,250$1,250→ $0
Total Liabilities$76,613$78,036▲ $1,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,616,642$1,767,618▲ $150,976
Net Assets With Donor Restrictions$370,379$300,727▼ $69,652
Total Net Assets Fund Balance$1,987,021$2,068,345▲ $81,324
Total Liabilities and Net Assets / Fund Balance$2,063,634$2,146,381▲ $82,747

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$612,827$800,365$1,413,192
Buildings$85,414-$85,414
Other Securities$1,071,780--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol GoggiExecutive AssistantPT$26,458$26,458
Nina SylvesterServices CoordinatorPT$3,465$3,465

Board Members and Trustees

NameTitle
Arlene SoongBoard Trustee
Barbara BurtonBoard Trustee
Barbara HaleBoard Trustee
Beverly MackBoard Trustee
Brian RemiteBoard Trustee
Carole Shaffer-KorosBoard Trustee
Deborah BaileyBoard Trustee
Elizabeth SianoBoard Trustee
Jacqueline BrevardBoard Trustee
James H LangeBoard Trustee
Jeffrey PateBoard Trustee
Ken MirskyBoard Trustee
Lowell SchantzBoard Trustee
Mary KonsolakiBoard Trustee
Sarah WarthenBoard Trustee
Susan FeldmanBoard Trustee
Will GoldbergerBoard Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$194,971
Program Service Revenue
$15,530
Investment Income
$41,759
Other Revenue
$32,485
All Other Contributions
$168,856
Change in Net Assets
$46,098

Audited Revenue Reconciliation

Revenue per Audited Statements
$286,515
Revenue Not Reported on Financial Statements
$-1,770
Revenue Not Reported on Form 990
$35,226
Other Revenue Adjustments
$-1,770
Total Revenue per Audited Statements
$321,741
Total Revenue per Form 990
$284,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$206,113
Salaries, Compensation, and Employee Benefits$32,534
Total Fundraising Expense$1,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$60,501$3,184-$63,685
Other Expenses$37,200$13,730-$37,200
Other Salaries and Wages$20,939$7,478$1,496$29,913
Insurance$15,564$5,188-$20,752
Fees for Services Other-$11,388-$11,388
Occupancy$8,075$2,692-$10,767
All Other Expenses$2,040$2,190-$4,230
Payroll Taxes$1,835$655$131$2,621
Office Expenses$1,650$550-$2,200
Total Functional Expenses$188,995$48,025$1,627$238,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$240,417
Expenses per Audited Statements$238,647
Total Expenses per Form 990$238,647
Expenses Not Reported on Form 990$1,770
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,255
Fundraising Direct Expenses$1,770
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$19,255$19,255$1,770$17,485
Total Events$19,255$19,255$1,770$17,485
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
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

On June 8, 2022 the Organization amended the Certificate of Incorporation to increase the trustee size to a range of 15 to 31 trustees.

Members or stockholder classes and rights Part VI line 6

The Organization consists of members that annually vote to elect the board of trustees.

Member election for additional members Part VI line 7A

The Organization consists of members that annually vote to elect the board of trustees.

Form 990 governing body review Part VI line 11

Selected board members review the 990 filing and related schedules prior to submittal to respective agencies.

Conflict of interest policy compliance Part VI line 12C

All board members and employees are required to immediately disclose any potential relationship that may give rise to a conflict of interest.

CEO executive director top management comp Part VI line 15A

All compensation is determined and reviewed by the board on a per annum basis.

Other officer or key employee compensation Part VI line 15B

All compensation is determined and reviewed by the board on a per annum basis.

Governing documents etc available to public Part VI line 19

The Organization provides its governing documents, policies and procedures and financial statements upon request. The Organization makes available its 990 and the related schedules to the public upon request and in addition this information is made available on Guidestar.com, which is an independent website that publishes certain financial information for nonprofits.

Filing and Contact Details

Filer

Filer Name
Westfield Historical Society
EIN
23-7146945
In Care Of
% Brian Remite
Phone
9086541794
Address
PO Box 613, Westfield, NJ 07091

Signing Officer

Name
Brian Remite
Title
President
Phone
9082324618
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Remite
Formed
1972
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
50

Preparer

Firm
Ketcham & Associates LLC
Address
202 Mountain Avenue, Westfield, NJ 07090
Preparer
Steven Ketcham CPA
Phone
9082324618
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990, Page 1, Part I, Line 1) The goals are: to encourage interest in matters of historical significance to the Westfield community; to collect, preserve and display objects of historical worth and interest, such as photographs, documents, maps, artifacts, oral and video history; to develop understanding and knowledge of our community heritage. The headquarters of the Westfield Historical Society are at the Reeve History and Cultural Resource Center (314 Mountain Avenue). While the WHS owns the Miller-Cory House museum, a living colonial museum circa 1740, located at 614 Mountain Avenue, it is operated by Miller-Cory House volunteers. The WHS interprets the Reeve History & Cultural Resource Center as an 1870s Victorian period home which is in the architectural Italianate style. It is a National Register Site; and locally, is a site on the Four Centuries in a Weekend event. It is open to the public regularly and has a number of different events and programs taking place at the center. The Reeve History & Cultural Resource Center is furnished with largely donated furnishings in the Victorian period and exhibits are constantly changing to celebrate historical events or collections. There are a number of events, such as the annual AppleFest where the public is invited to participate. Groups of schoolchildren on field trips, scout troops, and corporate volunteer teams visit the site periodically throughout the year. The WHS owns an extensive collection of archives, which includes books, photographs, postcards, artifacts and maps, and often is used to research genealogy of families, homes and neighborhoods of Westfield and the surrounding communities.

Financial Statement Notes

Part XI, Line 2D-Other revenue included on Sch D but not on 990

Reclass fundraising expenses.

Part XII, Line 2D-Other expenses included on Sch D but not on 990

Reclass fundraising expenses.

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