Civic Intelligence

Wilmette Historical Society

EIN 36-6166312 • 501(c)3 • Wilmette, IL

Profile

Local historical preservation and conservation

609 Ridge RdWilmette, IL 60091

wilmettehistory.org

Siviq Scores

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

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

0.86x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

3rd percentile

-111%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

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

Asset Growth

48th percentile

2.8%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-28%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,509,187

Up $103,407 (+7.4%) from 2020

Liabilities

Down

$41,340

Down $396 (-0.9%) from 2020

Net Assets

Up

$1,467,847

Up $103,803 (+7.6%) from 2020

Revenue

Up

$103,695

Up $21,011 (+25%) from 2020

Expenses

Up

$130,596

Up $20,726 (+19%) from 2020

Net Income

Up

-$26,901

Up $285 (+1.0%) from 2020

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,405,780Liabilities 2020: $41,736Net Assets 2020: $1,364,0442020Assets 2021: $1,509,187Liabilities 2021: $41,340Net Assets 2021: $1,467,8472021

Highlighted filing

2021

Assets$1,509,187
Liabilities$41,340
Net Assets$1,467,847

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2020: $82,684Expenses 2020: $109,870Net Income 2020: -$27,1862020Revenue 2021: $103,695Expenses 2021: $130,596Net Income 2021: -$26,9012021

Highlighted filing

2021

Revenue$103,695
Expenses$130,596
Net Income-$26,901

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 30, 2022
Return Version
2021v4.2
Gross Receipts
$103,695
Mission and Program Overview

Mission

Local historical preservation and conservation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$621,310$698,742▲ $77,432
Land, Buildings, and Equipment, Net$624,164$590,158▼ $34,006
Savings and Temporary Cash Investments$113,100$169,707▲ $56,607
Cash and Non-Interest-Bearing Accounts$47,206$50,580▲ $3,374
Total Assets$1,405,780$1,509,187▲ $103,407
Liabilities
Other Liabilities$41,736$41,340▼ $396
Total Liabilities$41,736$41,340▼ $396
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,364,044$1,467,847▲ $103,803
Total Net Assets Fund Balance$1,364,044$1,467,847▲ $103,803
Total Liabilities and Net Assets / Fund Balance$1,405,780$1,509,187▲ $103,407

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$590,158$909,492-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terrance PorterPresident
Nancy CanafaxVice President
Jane DonaldsonIndividual
Jean OlsonIndividual
Jennifer GervasioIndividual
Joseph HinkelIndividual
Lori MattenIndividual
Micheal TobinIndividual
Rachel KuhnIndividual
Susan MitranoIndividual
Darryl DavidsonSecretary
Vernon SquiresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$76,329
Program Service Revenue
$18,744
Investment Income
$8,622
Other Revenue
$0
All Other Contributions
$63,257
Change in Net Assets
$-26,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$34,006-$34,006
All Other Expenses$3,472$14,517-$17,989
Other Expenses$4,277$13,406-$4,277
Insurance-$2,305-$2,305
Total Functional Expenses$66,362$64,234$0$130,596
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Est Payments to Wilmette Village$41,340
Governance and Compliance

Governance Checklist

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

Members or stockholder classes and rights Part VI line 6

Part vi, line 6. The society has members. Members are entitled to vote at the annual meeting of the society for candidates for the societys board of directors and members are entitled to attend most museum events at no charge or a nominal charge.

Member election for additional members Part VI line 7A

Members may elect or appoint additional members

Form 990 governing body review Part VI line 11

Part vi, lines 11a and 11b. Form 990 was presented to the societys board of directors at its regular meeting on march 9, 2021. Any board member may obtain a copy of the form on request to the president or the treasurer. No review was conducted or will be conducted.

Conflict of interest policy compliance Part VI line 12C

Part vi, lines 12a, 12b, and 12c. The society as a conflict of interest policy. Compliance wtih the policy is monitored throughout the year by the president and the treasurer. Each december, each director signs a form certifying to his or her understanding of the policy and compliance with the policy.

Governing documents etc available to public Part VI line 19

Part vi, line 19. Copies fo the societys governing documents, conflict of interest policies, and financial statements are available to the public upon request to the president or the treasurer. Copies of the societys annual form 990 are available through guidestar.

Filing and Contact Details

Filer

Filer Name
Wilmette Historical Society
EIN
36-6166312
Address
609 RIDGE RD, WILMETTE, IL 60091

Signing Officer

Name
Joseph Hinkel
Title
Individual
Phone
8478537666
Signed
2022-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrance Porter
Formed
1965
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Bezark & Associates
Address
1213 Wilmette Ave STE 201, WILMETTE, IL 60091
Preparer
Adam Bezark
Phone
8479050627
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Estimated payment to village of wilmette $41,340.

List of other expenses Part IX line 24E

MISC EXPENSES $771.

Part X response or note to any line in Part X

Part x, line 25. This line reflects the societys obligation to reimburse the village for some or all of the villages employees who serve as the professional staff of the museum. The society does not reimburse the village for the musuem directors compensation.

General explanation attachment

Definitions: society means wilmette historical society, an illinois not-for-profit corporation. Village means the village of wilmette, illinois, an illinois municpal entity. Musuem means the wilmette historical museum, an unincorporated joint venture between the society and the village.the operating loss is attributable to depreciation on the societys leaseholder improvements. As a non-cash items this does not affect the societys operations.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI, LINE 6. THE SOCIETY HAS MEMBERS. MEMBERS ARE ENTITLED TO VOTE AT THE ANNUAL MEETING OF THE SOCIETY FOR CANDIDATES FOR THE SOCIETYS BOARD OF DIRECTORS AND MEMBERS ARE ENTITLED TO ATTEND MOST MUSEUM EVENTS AT NO CHARGE OR A NOMINAL CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS MAY ELECT OR APPOINT ADDITIONAL MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART VI, LINES 11A AND 11B. FORM 990 WAS PRESENTED TO THE SOCIETYS BOARD OF DIRECTORS AT ITS REGULAR MEETING ON MARCH 9, 2021. ANY BOARD MEMBER MAY OBTAIN A COPY OF THE FORM ON REQUEST TO THE PRESIDENT OR THE TREASURER. NO REVIEW WAS CONDUCTED OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART VI, LINES 12A, 12B, AND 12C. THE SOCIETY AS A CONFLICT OF INTEREST POLICY. COMPLIANCE WTIH THE POLICY IS MONITORED THROUGHOUT THE YEAR BY THE PRESIDENT AND THE TREASURER. EACH DECEMBER, EACH DIRECTOR SIGNS A FORM CERTIFYING TO HIS OR HER UNDERSTANDING OF THE POLICY AND COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PART VI, LINE 19. COPIES FO THE SOCIETYS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE PRESIDENT OR THE TREASURER. COPIES OF THE SOCIETYS ANNUAL FORM 990 ARE AVAILABLE THROUGH GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ESTIMATED PAYMENT TO VILLAGE OF WILMETTE $41,340.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISC EXPENSES $771.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PART X, LINE 25. THIS LINE REFLECTS THE SOCIETYS OBLIGATION TO REIMBURSE THE VILLAGE FOR SOME OR ALL OF THE VILLAGES EMPLOYEES WHO SERVE AS THE PROFESSIONAL STAFF OF THE MUSEUM. THE SOCIETY DOES NOT REIMBURSE THE VILLAGE FOR THE MUSUEM DIRECTORS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DEFINITIONS: SOCIETY MEANS WILMETTE HISTORICAL SOCIETY, AN ILLINOIS NOT-FOR-PROFIT CORPORATION. VILLAGE MEANS THE VILLAGE OF WILMETTE, ILLINOIS, AN ILLINOIS MUNICPAL ENTITY. MUSUEM MEANS THE WILMETTE HISTORICAL MUSEUM, AN UNINCORPORATED JOINT VENTURE BETWEEN THE SOCIETY AND THE VILLAGE.THE OPERATING LOSS IS ATTRIBUTABLE TO DEPRECIATION ON THE SOCIETYS LEASEHOLDER IMPROVEMENTS. AS A NON-CASH ITEMS THIS DOES NOT AFFECT THE SOCIETYS OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part X response or note to any line in Part X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8General explanation attachment
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