Civic Intelligence

The Great Lakes Historical Society

EIN 34-6549217 • 501(c)3 • Toledo, OH

Profile

The great lakes historical society is dedicated to the preservation of great lakes history.

1701 Front StreetToledo, OH 43605

n/A

Siviq Scores

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

Liabilities / Assets

39th percentile

0.09x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.30x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

92nd percentile

61%

Higher net margin than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$112,191

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

86th percentile

26%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

104%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$15,979,882

Up $4,457,974 (+39%) from 2022

Liabilities

Up

$1,454,696

Up $1,027,293 (+240%) from 2022

Net Assets

Up

$14,525,186

Up $3,430,681 (+31%) from 2022

Operations
Liabilities / Revenue57th percentileNet Margin92nd percentile

Revenue

Up

$4,916,450

Up $1,370,628 (+39%) from 2022

Expenses

Up

$1,893,544

Up $644,558 (+52%) from 2022

Net Income

Up

$3,022,906

Up $726,070 (+32%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $1,680,597Liabilities 2010: $479,362Net Assets 2010: $1,201,2352010Assets 2011: $1,896,825Liabilities 2011: $639,968Net Assets 2011: $1,256,8572011Assets 2012: $2,677,224Liabilities 2012: $1,276,021Net Assets 2012: $1,401,2032012Assets 2014: $6,099,066Liabilities 2014: $1,046,538Net Assets 2014: $5,052,5282014Assets 2015: $5,760,371Liabilities 2015: $766,430Net Assets 2015: $4,993,9412015Assets 2016: $5,571,883Liabilities 2016: $679,431Net Assets 2016: $4,892,4522016Assets 2017: $5,439,284Liabilities 2017: $640,283Net Assets 2017: $4,799,0012017Assets 2018: $5,405,441Liabilities 2018: $529,521Net Assets 2018: $4,875,9202018Assets 2019: $5,501,235Liabilities 2019: $490,426Net Assets 2019: $5,010,8092019Assets 2020: $5,757,214Liabilities 2020: $466,981Net Assets 2020: $5,290,2332020Assets 2021: $6,779,788Liabilities 2021: $460,353Net Assets 2021: $6,319,4352021Assets 2022: $11,521,908Liabilities 2022: $427,403Net Assets 2022: $11,094,5052022Assets 2024: $15,979,882Liabilities 2024: $1,454,696Net Assets 2024: $14,525,1862024

Highlighted filing

2024

Assets$15,979,882
Liabilities$1,454,696
Net Assets$14,525,186
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $508,8272010Expenses 2011: $430,3992011Expenses 2012: $493,6412012Revenue 2014: $2,890,393Expenses 2014: $920,031Net Income 2014: $1,970,3622014Revenue 2015: $1,057,538Expenses 2015: $1,103,775Net Income 2015: -$46,2372015Revenue 2016: $863,071Expenses 2016: $1,002,809Net Income 2016: -$139,7382016Revenue 2017: $782,335Expenses 2017: $968,815Net Income 2017: -$186,4802017Revenue 2018: $1,142,148Expenses 2018: $1,001,597Net Income 2018: $140,5512018Revenue 2019: $991,787Expenses 2019: $1,008,886Net Income 2019: -$17,0992019Revenue 2020: $994,460Expenses 2020: $895,769Net Income 2020: $98,6912020Revenue 2021: $1,839,205Expenses 2021: $1,037,721Net Income 2021: $801,4842021Revenue 2022: $3,545,822Expenses 2022: $1,248,986Net Income 2022: $2,296,8362022Revenue 2024: $4,916,450Expenses 2024: $1,893,544Net Income 2024: $3,022,9062024

Highlighted filing

2024

Revenue$4,916,450
Expenses$1,893,544
Net Income$3,022,906
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,979,882
Liabilities
$1,454,696
Net assets
$14,525,186
Revenue
$4,916,450
Expenses
$1,893,544
Net income
$3,022,906
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.0$1.45$14.5$4.92$1.89$3.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.43$11.1$3.55$1.25$2.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$0.46$6.32$1.84$1.04$0.80
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.76$0.47$5.29$0.99$0.90$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$0.49$5.01$0.99$1.01$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.41$0.53$4.88$1.14$1.00$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.44$0.64$4.80$0.78$0.97$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$0.68$4.89$0.86$1.00$0.14
2015Detailed filing. Detailed filing data is available for this year.$5.76$0.77$4.99$1.06$1.10$0.05
2014Detailed filing. Detailed filing data is available for this year.$6.10$1.05$5.05$2.89$0.92$1.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$1.28$1.40$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.64$1.26$0.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.48$1.20$0.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$6,243,814
Mission and Program Overview

Mission

The great lakes historical society is dedicated to the preservation of great lakes history.

The great lakes historical society is dedicated to the preservation of great lakes history. The organization operates the national museum of the great lakes and the clarence s. Metcalf maritime research library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,496,227$5,548,053▲ $1,051,826
Land, Buildings, and Equipment, Net$3,550,411$3,615,920▲ $65,509
Cash and Non-Interest-Bearing Accounts$616,563$667,282▲ $50,719
Pledges and Grants Receivable$868,500$405,297▼ $463,203
Accounts Receivable$137,717$137,717→ $0
Inventories for Sale or Use$24,520$29,599▲ $5,079
Total Assets$12,690,068$15,979,882▲ $3,289,814
Other Assets Total$2,996,130$5,576,014▲ $2,579,884
Liabilities
Accounts Payable and Accrued Expenses$77,796$1,045,425▲ $967,629
Mortgage Notes Payable Secured by Investment Property$355,067$311,820▼ $43,247
Deferred Revenue$140,434$97,451▼ $42,983
Total Liabilities$573,297$1,454,696▲ $881,399
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,568,468$7,976,304▲ $2,407,836
Net Assets With Donor Restrictions$6,548,303$6,548,882▲ $579
Total Net Assets Fund Balance$12,116,771$14,525,186▲ $2,408,415
Total Liabilities and Net Assets / Fund Balance$12,690,068$15,979,882▲ $3,289,814

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,419,604$1,234,200$3,653,804
Buildings$1,191,196$350,855$1,542,051
Equipment$5,120$109,587$114,707
Other Assets Org$1,705--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,514,503$3,758,001▲ $391,171$3,067,736$5,571,692
2023$2,955,397$1,251,293▲ $325,789-$4,514,503
2022$1,696,042$1,500,000▼ $232,297-$2,955,397
2021$1,438,731-▲ $265,343-$1,696,042
2020$1,254,397-▲ $203,311$12,500$1,438,731
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn FineskeExecutive DirectorFT$108,923$3,268$112,191

Board Members and Trustees

NameTitle
Mark BarkerChairman
Holly BristollVice Chair
Paul Lamarre IiiVice Chair
Andrew DaleTrustee
Bill CarrollTrustee
Dennis JohnsonTrustee
Dr Romulus DurantTrustee
Dr William DavisTrustee
Gary MurphyTrustee
Geoff ShookTrustee
James H HartungTrustee
James TuschmanTrustee
Joe CappelTrustee
John BursonTrustee
John SzuchTrustee
Karen L FrakerTrustee
Keith MasserantTrustee
M James KarpinskiTrustee
Marc StockwellTrustee
Mark SobczakTrustee
Sean HaroldTrustee
Tim GoligoskiTrustee
William BuckleyTrustee
Jr TolandAsst. Treasurer
Ann MccauleySecretary
Adam SchoeslerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,420,569
Program Service Revenue
$259,715
Investment Income
$1,019,564
Other Revenue
$216,602
All Other Contributions
$3,038,873
Change in Net Assets
$3,022,906

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,916,450
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-441,008
Total Revenue per Audited Statements
$4,475,442
Total Revenue per Form 990
$4,916,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,004,011
Salaries, Compensation, and Employee Benefits$889,533
Total Fundraising Expense$415,781
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$428,761$121,124$119,818$669,703
Occupancy$173,215$21,652$21,652$216,519
Depreciation Depletion$138,325$17,291$17,291$172,907
Current Officers, Directors, Trustees, and Key Employees-$33,657$78,534$112,191
All Other Expenses$60,017$19,342$7,459$86,818
Other Expenses$42,453$12,745$14,151$56,604
Payroll Taxes$30,537$10,954$13,964$55,455
Insurance$43,783$5,473$5,473$54,729
Other Employee Benefits$30,534$9,974$11,676$52,184
Fees for Services Accounting-$32,850-$32,850
Fees for Service Investment Mgmnt Fees-$23,627-$23,627
Interest-$23,615-$23,615
Office Expenses$8,994$4,498$8,996$22,488
Advertising$15,017-$5,006$20,023
Conferences and Meetings-$6,053-$6,053
Travel$1,870$671$855$3,396
Total Functional Expenses$1,134,237$343,526$415,781$1,893,544

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,067,027
Expenses per Audited Statements$1,893,544
Total Expenses per Form 990$1,893,544
Expenses Not Reported on Form 990$173,483
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$120,500
Fundraising Direct Expenses$15,243
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luck of the Lakes Raffle$120,500$120,500$15,243$105,257
Total Events$120,500$120,500$15,243$105,257
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
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, Part VI, Section B, Line 11B

“Board members and finance committe are provided with a copy of the 990 for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Conflicts are monitored annually in accordance with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“Compensation is established by the board and takes into consideration salaries of similar sized not-for profit organizations.”

Form 990, Part VI, Section C, Line 19

“The organization makes these documents available at their office.”

Filing and Contact Details

Filer

Filer Name
The Great Lakes Historical Society
EIN
34-6549217
Phone
4192145000
Address
1701 FRONT STREET, TOLEDO, OH 43605

Signing Officer

Name
Kate Fineske
Title
Executive Director
Phone
4192145000
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Fineske
Formed
1953
Legal Domicile
Oh
Voting Board Members
30
Independent Board Members
30
Employees
26
Volunteers
205

Preparer

Firm
Mira & Kolena Ltd
Address
4841 MONROE STREET STE 350, TOLEDO, OH 43623
Preparer
Thomas E Kolena
Phone
4194745020
Supplemental Narrative

Additional Explanations

Form 990 Page 12 Part XII 2(C)

“There was no change either in its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a not-for-profit organization that qualifies as a charitable organization under section 501(c)(3) of the internal revenue code and, accordingly, is exempt from federal income taxes. The organization has evaluated the guidelines related to uncertain tax positions and has concluded that the society has no significant financial statement exposure to uncertain tax positions at december 31, 2024.”

Part III, Line 4

“Artifacts include objects which provide the public with additional cultural and historical information on the great lakes.”

Part V, Line 4

“Endowment assets are used to fund operations of the museum.”

Raw XML AppendixShowing 400 of 684 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE GREAT LAKES HISTORICAL SOCIETY IS DEDICATED TO THE PRESERVATION OF GREAT LAKES HISTORY. THE ORGANIZATION OPERATES THE NATIONAL MUSEUM OF THE GREAT LAKES AND THE CLARENCE S. METCALF MARITIME RESEARCH LIBRARY.
IRS990/AdvertisingGrp/FundraisingAmt05006
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KATE FINESKE
IRS990/BooksInCareOfDetail/PhoneNum04192145000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01701 FRONT STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0TOLEDO
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt263268
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IRS990/Form990PartVIISectionAGrp/PersonNm1DR WILLIAM DAVIS
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IRS990/Form990PartVIISectionAGrp/PersonNm3KAREN L FRAKER
IRS990/Form990PartVIISectionAGrp/PersonNm4KEITH MASSERANT
IRS990/Form990PartVIISectionAGrp/PersonNm5ANDREW DALE
IRS990/Form990PartVIISectionAGrp/PersonNm6PAUL LAMARRE III
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN BURSON
IRS990/Form990PartVIISectionAGrp/PersonNm8TIM GOLIGOSKI
IRS990/Form990PartVIISectionAGrp/PersonNm9HOLLY BRISTOLL
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IRS990/Form990PartVIISectionAGrp/PersonNm18WILLIAM BUCKLEY
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