Ferry County Historical Society

“Contributions, gifts, grants, and similar amounts received ($44,145) $5,534 Donations - Individual / Business - General Fund; $362 Donations - Slagle House Museum; $467 Donations - Whitaker-Fletcher Museum; $500 Donations - Historic Site Development; $3,251 Donations - Annual Membership; $394 Donations - Yard Sale $32,884 Grants Received; $7,500 Unrestricted - ArtsFund Community Accelerator; $500 Unrestricted - Seattle Foundation; $5,000 Unrestricted - WA State Arts Commission - COVID relief; $2,025 = Restricted - Pomeroy Foundation; $13,824 Restricted - Innovia Foundation; $4,035 Restricted - Local Government - Ferry County Hotel / Motel Tourism $ 753 = Miscellaneous Revenue - Refund liability ins., sale of large map, sale of surplus material”

“Other expenses ($4,780) $20 Recording fee; $19 IRS 1099 filing;$20 WA State Business Annual filing; $100 Annual Membership meeting; $100 Fair Booth registration; $175 supplies; $147 Website hosting (annual); $2,274 Advertising; $665 Board liability insurance; $400 Membership with other non-profit organizations; $860 Museum collection supplies - storage and cataloging”

“Other changes in net assets or fund balances (-$174.600) Assessed property value increase - Slagle House 2023 $49,900; 2024 $50,700 - $800 increase in value L. H. Mason property 2023 assessed value $175,400. Property was determined to be unsafe for renovation (estimated at $1,250,000) and was advertised for sale with highest bid of $75,000 received. March 1, 2024 the property was exchanged with the City of Republic Washington, a Municipal Corporation, for a 50-year cost-free lease for a property owned by the City. The property, assessed value of $192,300, is well-maintained, ADA accessible, climate controlled (needed for a museum), located on main street, and is 1.5 blocks from the Slagle Property. Using current costs, the Ferry County Historical Society would save $1,015,000.00 over the 50-year lease period. The exchange has not been fully finalized with the Historical Society's move to the new location. This move will not be possible until the new public library has been constructed which is estimated to be 5-years.”

“Changes Lands and Buildings (-$174.600) Assessed property value increase - Slagle House 2023 $49,900; 2024 $50,700 - $800 increase in value L. H. Mason property 2023 assessed value $175,400. Property was determined to be unsafe for renovation (estimated at $1,250,000) and was advertised for sale with highest bid of $75,000 received. March 1, 2024 the property was exchanged with the City of Republic Washington, a Municipal Corporation, for a 50-year cost-free lease for a property owned by the City. The property, assessed value of $192,300, is well-maintained, ADA accessible, climate controlled (needed for a museum), located on main street, and is 1.5 blocks from the Slagle Property. Using current costs, the Ferry County Historical Society would save $1,015,000.00 over the 50-year lease period. The exchange has not been fully finalized with the Historical Society's move to the new location. This move will not be possible until the new public library has been constructed which is estimated to be 5-years.”