Civic Intelligence

Black River Historical Society Inc

990 • Fiscal year 2017 • EIN 23-7193231

Jan 01, 2017 to Dec 31, 2017 • Filed on May 12, 2018

PO Box 73Ludlow, VT 05149

(802) 228-5050

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$19,188

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 28.3% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

45th percentile

1.6%

Faster asset growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-39%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$905,211

Up $14,049 (+1.6%) from 2016

Net Assets

Up

$904,459

Up $14,174 (+1.6%) from 2016

Liabilities

Down

$752

Down $125 (-14%) from 2016

Revenue

Down

$67,829

Down $44,116 (-39%) from 2016

Expenses

Up

$86,889

Up $10,515 (+14%) from 2016

Net Income

Down

-$19,060

Down $54,631 (-154%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2013: $747,201Liabilities 2013: $3,121Net Assets 2013: $744,0802013Assets 2014: $859,174Liabilities 2014: $3,019Net Assets 2014: $856,1552014Assets 2015: $870,967Liabilities 2015: $2,291Net Assets 2015: $868,6762015Assets 2016: $891,162Liabilities 2016: $877Net Assets 2016: $890,2852016Assets 2017: $905,211Liabilities 2017: $752Net Assets 2017: $904,4592017Assets 2018: $870,216Liabilities 2018: $852Net Assets 2018: $869,3642018Assets 2019: $827,219Liabilities 2019: $1,436Net Assets 2019: $825,7832019Assets 2020: $810,170Liabilities 2020: $17,768Net Assets 2020: $792,4022020Assets 2021: $768,981Liabilities 2021: $17,426Net Assets 2021: $751,5552021

Highlighted filing

2017

Assets$905,211
Liabilities$752
Net Assets$904,459

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $92,285Expenses 2013: $76,190Net Income 2013: $16,0952013Revenue 2014: $184,701Expenses 2014: $72,626Net Income 2014: $112,0752014Revenue 2015: $88,548Expenses 2015: $72,357Net Income 2015: $16,1912015Revenue 2016: $111,945Expenses 2016: $76,374Net Income 2016: $35,5712016Revenue 2017: $67,829Expenses 2017: $86,889Net Income 2017: -$19,0602017Revenue 2018: $55,684Expenses 2018: $91,546Net Income 2018: -$35,8622018Revenue 2019: $46,323Expenses 2019: $89,904Net Income 2019: -$43,5812019Revenue 2020: $66,358Expenses 2020: $83,546Net Income 2020: -$17,1882020Revenue 2021: $57,245Expenses 2021: $98,092Net Income 2021: -$40,8472021

Highlighted filing

2017

Revenue$67,829
Expenses$86,889
Net Income-$19,060
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 12, 2018
Return Version
2017v2.2
Gross Receipts
$69,368
Mission and Program Overview

Mission

To keep alive the history of the area,

To keep alive the history of the area, operate a museum, preserve a nationally historic building, run educational, cultural and historic programs in the black river

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$890,285$904,459▲ $14,174
Land, Buildings, and Equipment, Net$682,454$716,626▲ $34,172
Investments Other Securities$137,518$100,000▼ $37,518
Savings and Temporary Cash Investments$68,601$85,496▲ $16,895
Cash and Non-Interest-Bearing Accounts$2,589$3,089▲ $500
Total Assets$891,162$905,211▲ $14,049
Liabilities
Accounts Payable and Accrued Expenses$877$752▼ $125
Total Liabilities$877$752▼ $125
Net Assets / Fund Balance
Total Net Assets Fund Balance$890,285$904,459▲ $14,174
Total Liabilities and Net Assets / Fund Balance$891,162$905,211▲ $14,049

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$528,187$91,931-
Other Land Buildings-$21,625-
Equipment$188,439$30,831-
Other Securities$100,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Georgia Brehm Executive Director15 Meadow St, Ludlow, VT 05149PT$19,188$19,188
Linda Tucker Asst Director5 Gill Terrace, Ludlow, VT 05149PT$9,976$9,976

Board Members and Trustees

NameTitle
Joyce Washburn Trustee1 Washburn Ln, Ludlow, VT 05149
Paul Faenza Trustee134 Branch Brook Rd, Mt Holly, VT 05758
Lorraine Hughes Secretary18 Meadow Ln, Ludlow, VT 05149
Richard Dunseith Treasurer19 High St, Ludlow, VT 05149
Cheryl Gurdak Trustee3 South Hill, Ludlow, VT 05149
Eileen Dunseith Trustee36 High St, Ludlow, VT 05149
Frank Ellison Trustee5 Meadow St, Ludlow, VT 05149
Jon Willett Trustee513 West Hill Rd, Ludlow, VT 05149
Sue Pollender President606 Commonwealth Ave, Ludlow, VT 05149
Newt Rose Trustee70 Orchard St, Ludlow, VT 05149
Carol Hastings Trustee9 Gill Terrace - Apt 60, Ludlow, VT 05149
Marcia Wemple TrusteePO Box 164, 99 S Hill Crossroads, Ludlow, VT 05149
Sharon Bixby VpPO Box 195, Ludlow, VT 05149
Revenue and Support

Revenue Composition

Contributions and Grants
$63,606
Program Service Revenue
$536
Investment Income
$1,193
Other Revenue
$2,494
All Other Contributions
$22,385
Change in Net Assets
$-19,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,232
Salaries, Compensation, and Employee Benefits$33,657
Total Fundraising Expense$825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$29,164$0$29,164
Depreciation Depletion$0$20,539$0$20,539
Occupancy$0$19,754$0$19,754
Office Expenses$602$3,180$825$4,607
Insurance$0$3,208$0$3,208
Advertising$0$2,724$0$2,724
Other Employee Benefits$0$2,262$0$2,262
Payroll Taxes$0$2,231$0$2,231
Fees for Services Accounting$0$1,740$0$1,740
Other Expenses$0$481$0$481
Conferences and Meetings$0$147$0$147
Travel$0$32$0$32
Total Functional Expenses$602$85,462$825$86,889
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,260
Fundraising Direct Expenses$213
Professional Fundraising Fees$0
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
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Black River Historical Society
EIN
23-7193231
Phone
8022285050
Address
PO Box 73, Ludlow, VT 05149
Doing Business As
Black River Academy Museum

Signing Officer

Name
Georgia Brehm
Title
Executive Director
Phone
8022285050
Signed
2018-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Georgia Brehm
Formed
1975
Legal Domicile
Vt
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
25

Preparer

Firm
Bovine Bookkeeping
Address
148 ROUTE 100 S, LUDLOW, VT 05149-9587
Preparer
Maria Tomaselli
Phone
8025581386
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Individual & Corporate memberships are availabe to the public.

Pt VI, Line 11B

The board reviews end of year financials, accountant prepares tax return which is then available for review by board/members

Financial Statement Notes

Pt III, Line 4

There were four programs that were conducted in 2014. A 5K walk, a Valentine's & Christmas Program and a History Expo which were minimally attended.

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IRS990/OfficeExpensesGrp/TotalAmt04607
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02262
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02262
IRS990/OtherExpensesGrp/Desc0dues
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0481
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/TotalAmt0481
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02231
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt02231
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0GEORGIA BREHM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0712110
IRS990/ProgramServiceRevenueGrp/Desc0Museum programs & activities
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0536
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt099693
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02518
IRS990/PYOtherExpensesAmt040629
IRS990/PYOtherRevenueAmt09377
IRS990/PYProgramServiceRevenueAmt0357
IRS990/PYRevenuesLessExpensesAmt035571
IRS990/PYSalariesCompEmpBnftPaidAmt035745
IRS990/PYTotalExpensesAmt076374
IRS990/PYTotalRevenueAmt0111945
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-19060
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt050
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0536
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0890285
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0904459
IRS990/SavingsAndTempCashInvstGrp/BOYAmt068601
IRS990/SavingsAndTempCashInvstGrp/EOYAmt085496
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Form 1099-R Gross Distribution 2013: 25000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt051505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt071465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt073101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt061922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt057048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0315041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02518
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03769
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03535
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02248
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013313
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt025000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt025000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89160
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.87670
IRS990ScheduleA/PublicSupportTotal170Amt0315041
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt051505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt071465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt073101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt061922
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt057048
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0315041
IRS990ScheduleA/TotalSupportAmt0353354
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0528187
IRS990ScheduleD/BuildingsGrp/DepreciationAmt091931
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0620118
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt0188439
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030831
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0219270
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021625
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021625
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0100000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Cash & Equivalent
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There were four programs that were conducted in 2014. A 5K walk, a Valentine's & Christmas Program and a History Expo which were minimally attended.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0716626
IRS990ScheduleD/TotalBookValueSecuritiesAmt0100000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Individual & Corporate memberships are availabe to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board reviews end of year financials, accountant prepares tax return which is then available for review by board/members
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0891162
IRS990/TotalAssetsEOYAmt0905211
IRS990/TotalAssetsGrp/BOYAmt0891162
IRS990/TotalAssetsGrp/EOYAmt0905211
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt063606
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0825
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085462
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0602
IRS990/TotalFunctionalExpensesGrp/TotalAmt086889
IRS990/TotalGrossUBIAmt03687
IRS990/TotalLiabilitiesBOYAmt0877
IRS990/TotalLiabilitiesEOYAmt0752
IRS990/TotalLiabilitiesGrp/BOYAmt0877
IRS990/TotalLiabilitiesGrp/EOYAmt0752
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0890285
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0904459
IRS990/TotalProgramServiceExpensesAmt0602
IRS990/TotalProgramServiceRevenueAmt0536
IRS990/TotalReportableCompFromOrgAmt029164

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