Civic Intelligence

Friends of Independence National Historical Park

990 • Fiscal year 2024 • EIN 23-7179598

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 08, 2025

143 S 3rd StreetPhiladelphia, PA 19106

(215) 861-4971

Siviq Scores

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

Liabilities / Assets

36th percentile

0.05x

Higher debt load relative to assets than 36% of similar nonprofits.

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

Liabilities / Revenue

41st percentile

0.11x

Higher debt load relative to revenue than 41% of similar nonprofits.

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

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

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

Asset Growth

90th percentile

45%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

91st percentile

106%

Faster revenue growth than 91% of similar nonprofits.

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

Assets

Up

$8,369,201

Up $2,570,385 (+44%) from 2021

Net Assets

Up

$7,953,846

Up $2,304,639 (+41%) from 2021

Liabilities

Up

$415,355

Up $265,746 (+178%) from 2021

Revenue

Up

$3,877,231

Up $1,903,374 (+96%) from 2021

Expenses

Up

$1,831,490

Up $412,017 (+29%) from 2021

Net Income

Up

$2,045,741

Up $1,491,357 (+269%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $400,642Liabilities 2010: $15,242Net Assets 2010: $385,4002010Assets 2012: $390,556Liabilities 2012: $6,962Net Assets 2012: $383,5942012Assets 2013: $390,322Liabilities 2013: $10,095Net Assets 2013: $380,2272013Assets 2014: $521,153Liabilities 2014: $54,162Net Assets 2014: $466,9912014Assets 2015: $1,390,021Liabilities 2015: $41,703Net Assets 2015: $1,348,3182015Assets 2016: $2,306,815Liabilities 2016: $17,881Net Assets 2016: $2,288,9342016Assets 2018: $4,461,478Liabilities 2018: $134,872Net Assets 2018: $4,326,6062018Assets 2019: $5,978,844Liabilities 2019: $113,723Net Assets 2019: $5,865,1212019Assets 2020: $4,962,534Liabilities 2020: $83,526Net Assets 2020: $4,879,0082020Assets 2021: $5,798,816Liabilities 2021: $149,609Net Assets 2021: $5,649,2072021Assets 2024: $8,369,201Liabilities 2024: $415,355Net Assets 2024: $7,953,8462024

Highlighted filing

2024

Assets$8,369,201
Liabilities$415,355
Net Assets$7,953,846

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $287,6342010Expenses 2012: $238,2142012Revenue 2013: $190,965Expenses 2013: $194,332Net Income 2013: -$3,3672013Revenue 2014: $297,362Expenses 2014: $210,598Net Income 2014: $86,7642014Revenue 2015: $1,103,625Expenses 2015: $222,298Net Income 2015: $881,3272015Revenue 2016: $1,096,291Expenses 2016: $155,675Net Income 2016: $940,6162016Revenue 2018: $2,280,060Expenses 2018: $402,088Net Income 2018: $1,877,9722018Revenue 2019: $2,329,499Expenses 2019: $910,109Net Income 2019: $1,419,3902019Revenue 2020: $319,999Expenses 2020: $1,521,058Net Income 2020: -$1,201,0592020Revenue 2021: $1,973,857Expenses 2021: $1,419,473Net Income 2021: $554,3842021Revenue 2024: $3,877,231Expenses 2024: $1,831,490Net Income 2024: $2,045,7412024

Highlighted filing

2024

Revenue$3,877,231
Expenses$1,831,490
Net Income$2,045,741
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 8, 2025
Return Version
2024v5.0
Gross Receipts
$3,926,671
Mission and Program Overview

Mission

To raise funds to fullfill the mission of independence national historical park and to promote its historical, scientific, educational, and interpretrive activites.

To raise funds to fulfill the mission of independence national historical park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,266,543$5,593,989▲ $2,327,446
Investments Program Related$2,278,332$2,525,712▲ $247,380
Pledges and Grants Receivable$222,167$249,500▲ $27,333
Total Assets$5,767,042$8,369,201▲ $2,602,159
Liabilities
Accounts Payable and Accrued Expenses$36,624$287,029▲ $250,405
Other Liabilities-$128,326-
Total Liabilities$36,624$415,355▲ $378,731
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,815,007$6,596,272▲ $1,781,265
Net Assets Without Donor Restrictions$915,411$1,357,574▲ $442,163
Total Net Assets Fund Balance$5,730,418$7,953,846▲ $2,223,428
Total Liabilities and Net Assets / Fund Balance$5,767,042$8,369,201▲ $2,602,159

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,525,712--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,491,519$200,000▲ $260,907$29,869$2,922,557
2023$2,193,044-▲ $300,586$2,111$2,491,519
2022$2,631,209-▼ $394,461$43,704$2,193,044
2021$2,398,807-▲ $251,649$19,247$2,631,209
2020$2,153,831-▲ $244,976-$2,398,807
Compensation and Service Providers

Board Members and Trustees

NameTitle
William MarrazzoChairman
Lee James WoolleyVice Chair
Adrian MantiniBoard Member
Alan MandeloffBoard Member
Bernard T ShieldsBoard Member
EDWARD D'ALBABoard Member
Flora L BeckerBoard Member
Jon C SirlinBoard Member
Oliver St Clair FranklinBoard Member
Rosalind RemerBoard Member
Thomas G MorrBoard Member
Thomas CaramanicoExecutive Di
Thomas G SpencerSecretary
Karen KaufmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,593,481
Program Service Revenue
$223,203
Investment Income
$83,987
Other Revenue
$-23,440
All Other Contributions
$2,664,063
Change in Net Assets
$2,045,741

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,877,231
Revenue Not Reported on Form 990
$249,761
Total Revenue per Audited Statements
$4,126,992
Total Revenue per Form 990
$3,877,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,435,467
Total Fundraising Expense$484,723
Salaries, Compensation, and Employee Benefits$350,523
Professional Fundraising Fees$45,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$120,745$63,380$166,398$350,523
Fees for Services Other--$222,369$222,369
Fees for Services Lobbying$42,201$4,861$938$48,000
Fees for Services Professional Fundraising--$45,500$45,500
Other Expenses$6,973$12,900$918$20,791
Office Expenses$890$13,295$4,942$19,127
Advertising$45$15,000$1,857$16,902
Fees for Services Accounting-$16,250-$16,250
Travel-$6,481$6,089$12,570
Insurance$463$8,546-$9,009
All Other Expenses$429$5,479-$5,908
Occupancy-$3,698-$3,698
Total Functional Expenses$1,078,114$268,653$484,723$1,831,490

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,882,323
Expenses per Audited Statements$1,831,490
Total Expenses per Form 990$1,831,490
Expenses Not Reported on Form 990$50,833
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$49,440
Professional Fundraising Fees$45,500
Fundraising Gross Income$26,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Gala Awa$233,460$21,388-$21,388
Total Events$233,460$21,388$49,440$-28,052
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contract Advance$128,326
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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

Governance Explanations

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

The form 990 is reviewed by the executive committee prior to filing. The board officers will receive a copy via email and be able to ask questions and review.

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

Members of the board are required to disclose any conflicts of interest

Form 990, Page 6, Part VI, Line 17

New york, north carolina, ohio, oregon, virginia

Form 990, Page 6, Part VI, Line 19

Copies of the organization's tax returns are made available to the public on guidestar's website and upon request.

Filing and Contact Details

Filer

Filer Name
Independence Historical Trust
EIN
23-7179598
Phone
2158614971
Address
143 S 3RD STREET, PHILADELPHIA, PA 19106

Signing Officer

Name
Thomas Caramanico
Title
Executive Director
Phone
2158614971
Signed
2025-11-08

Organization Details

Principal Officer
Thomas Caramanico
Formed
1972
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
220

Preparer

Firm
J Miller & Associates LLC
Address
PO BOX 27308, PHILADELPHIA, PA 19118
Preparer
Joyce Miller
Phone
2156001701
Supplemental Narrative

Additional Explanations

Form 990

Schedule c part 1-b we are a 501c(3)non-profit organization and the numbers we would file in this section are 0.

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

In 2024, the organization increased its community engagement activities while supporting major initiatives in independence national historical park and the surrounding gateway community. During that year, the trust accomplished the following programmatic activities: 1) fundraising: this year, the trust completed the design phase and broke ground for the pedestrian plaza that is part of the redesign for the market street road diet. This project will increase mobility, provide bike- friendly lanes, and create a plaza that honors the lenape leader chief tamanend. The organization held a ribbon-cutting for the completed benjamin rush garden, which is the new home for the bicentennial bell. The garden is a welcome green space in the city that locals and visitors alike take advantage of. Also this year, the organization, with the support of generous donors, supported the restoration of a historic guardhouse in washington square, which won a conservation award from the preservation alliance of greater philadelphia. Through financial support from the commonwealth of pennsylvania, the organization was able to repair over 30 leather reproduction chairs in congress hall and purchase and install a handicap accessible ramp on the south side of independence square. 2) community outreach: with the continued goal to increase awareness of the national park and the organization, community programs reached over 6,000 and were offered to all age groups, and even some dogs. In 2024, the organization hosted yoga in the park, movies on the mall, and bark ranger programs. The programs help all people, all ages, and even some dogs, connected with the national park on multiple levels. 3) volunteering: supporting the national park service's mission to engage people, the trust worked with the park and partners to host volunteer days at the national park. Volunteers cleaned, weeded, mulched, and planted across the park to help beautify the national park before the busy summer season. A total of xx volunteers joined the organization. 4) twilight tours: the trust offered free, evening walking tours on the history of the national park. Over 2,550 attendants from 45 different states and 55 foreign countries attended the program.

Form 990, Part V

Line 2a: the payroll was paid by another organization.

Form 990, Part IX, Line 11G

Development fee 0 0 222,369

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, if the organization had income from certain activities not directly related to the organizations tax-exempt purpose it would be subject to taxation as unrelated business income. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The organization has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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