Lovell Historical Society in Lovell, Maine (ME)

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Lovell Historical Society
Employer Identification Number (EIN)010339744
Name of OrganizationLovell Historical Society
AddressPO BOX 166, Lovell, ME 04051-0166
SubsectionCharitable Organization
Ruling Date03/1997
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$255,141
Amount of Income$39,033
Form 990 Revenue Amount$38,480
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Historical Societies, Related Historical Activities


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Amount of income in 2013: $39,033
This organization: 

 $39,033
Other organizations performing similar types of work: 

 $218,607

Assets in 2013: $255,141
Lovell Historical Society: 

 $255,141
Other organizations performing similar types of work: 

 $961,312

Expenses in 2013: $35,879
Lovell Historical Society: 

 $35,879
Other organizations performing similar types of work: 

 $159,230

Income to expenses ratio in 2013: 1.1
Lovell Historical Society: 

 1.1
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2006: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 74.7%

Grants share in income in 2013: 50.0%
Lovell Historical Society: 

 50.0%
Other organizations performing similar types of work: 

 29.9%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$37,954$34,851$38,480
Contributions, gifts, grants, and similar amounts received$19,382$17,201$19,221
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$4,055$4,085$4,395
Investment income$13$50$59
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$13,298$13,503$12,561
Gross income from gaming$0$0$0
Gross income from fundraising events$13,788$13,756$13,114
Less: direct expenses from gaming and fundraising events$490$253$553
Gross profit/loss from sales of inventory$1,206$12$2,244
Gross sales of inventory, less returns and allowances$5,178$4,398$2,244
Less: cost of goods sold$3,972$4,386$0
Other revenue$0$0$0
Total expenses$46,845$32,965$35,879
Total net assets$250,654$252,540$255,141
Excess/Deficit for the year$-8,891$1,886$2,601
Net assets or fund balances at beginning of year$259,545$250,654$252,540
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$252,540$255,141
Balance Sheets
201120122013
Total assets$250,654$252,540$255,141
Total liabilities$0$0$0
Net assets or fund balances$250,654$252,540$255,141
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoYes
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$177,511
Subtotal$177,511
Gifts, grants, contributions, and membership fees received$92,349
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$85,162
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$177,950
Public support$177,511
Subtotal$439
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$439
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120052006
Total revenue$28,734$24,304$39,922$32,171
Contributions, gifts, grants, and similar amounts received$17,614$16,393$29,928$16,821
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$2,795$2,080$3,490$7,380
Investment income$3,081$2,557$1,764$1,245
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$4,967$3,115$4,487$6,044
Gross revenue$7,016$4,943$5,195$6,695
Less: direct expenses other than fundraising expenses$2,049$1,828$708$651
Gross profit or (loss) from sales of inventory$277$159$253$681
Gross sales of inventory, less returns and allowances$335$159$253$681
Less: cost of goods sold$58$0$0$0
Other revenue$0$0$0$0
Total expenses$32,830$27,485$79,211$29,404
Grants and similar amounts paid$0$0$0$0
Benefits paid to or for members$0$0$0$0
Salaries, other compensation, and employee benefits$0$0$0$0
Professional fees and other payments to independent contractors$0$0$0$0
Occupancy, rent, utilities, and maintenance$26,956$17,411$4,599$6,532
Printing, publications, postage, and shipping$706$282$1,357$2,118
Other expenses$5,168$9,792$73,255$20,754
Net assets or fund balances at end of year$128,595$125,414$219,233$221,400
Excess or (deficit) for the year$-4,096$-3,181$-39,289$2,767
Net assets or fund balances at beginning of year$132,691$128,595$258,522$219,233
Other changes in net assets or fund balances$0$0$0$-600
Balance Sheets
2000200120052006
Total assets$128,595$125,414$219,233$221,400
Cash, savings, and investments$75,395$72,214$46,033$48,200
Land and buildings$50,200$50,200$170,200$170,200
Other assets$3,000$3,000$3,000$3,000
Total liabilities$0$0$0$0
Net assets or fund balances$128,595$125,414$219,233$221,400
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
1999200020042005
Total$81,002$27,754$35,750$34,130
Gifts, grants, and contributions received$72,018$16,634$25,973$23,428
Membership fees received$1,835$2,795$2,849$3,490
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$5,744$5,244$6,448$5,448
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,405$3,081$480$1,764
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Lighthouse FoundationPO BOX 565, Rockland, ME 04841-0565ME1996-03$791,195
2Yamhill County Historical SocietyPO BOX 484, Lafayette, OR 97127-0484OR1971-01$153,941
3Washington County Historical And Fine Arts Tr Inc135 W Washington St, Hagerstown, MD 21740-4709MD1977-05$122,791
4Lovell Historical SocietyPO BOX 166, Lovell, ME 04051-0166ME1997-03$39,033
5Wreaths Across America4 Point Street, Columbia Falls, ME 04623ME2007-08$4,668,061
6National Society Of The Colonial Dames Of America Inthe Commonwealh, Pennsylvania State Socirety Colonial Dames Of The Seventh Century34 White Birch Road, Dalton, PA 18414PA1973-01$1,271,269
7The Woodrow Wilson Presidential Library FoundationPO BOX 24, Staunton, VA 24402-0024VA1939-10$1,139,807
8Visalian Friends Of The Fox Theatre, Friends Of The Fox Theatre308 W Main St, Visalia, CA 93291-6243CA1997-05$1,037,129
9Washington Trust For Historic Preservation1204 Minor Ave, Seattle, WA 98101-2825WA1977-05$663,910
10National Society Colonial Dames Xvii Century5126 Boone Links Lane, Columbus, GA 31909GA1963-03$584,792
11Ward Melville Heritage Organization LtdPO BOX 572, Stony Brook, NY 11790-0572NY1998-09$565,144
12Woodlands Trust For Historic Preservation4000 Woodland Ave, Philadelphia, PA 19104-4560PA1998-10$500,144
13National Society Of Colonial Dames1267 Westbrook St, Portland, ME 04102-1934ME1969-11$292,864
14Camden Area History Center55 Main St, Camden, ME 04843-1723ME2005-08$156,627
15Friends Of The Doubling Point Light21 Spring Cove Rd, Arrowsic, ME 04530-7424ME1998-02$9,061
16Clifton Historical SocietyPo Box 471, Ellsworth, ME 04605ME2000-06$0
17Historical Society Of Newfield Maine IncPo Box 82, Newfield, ME 04056ME1995-08$0
18New England United Methodist Historical Society88 Pleasant Vale Rd, Corinna, ME 04928-3404ME1999-08$0
19Robbinston Historical SocietyPo Box 39, Robbinston, ME 04671ME2000-04$0
20Sebec Historical Society651 North Rd, Sebec, ME 04481ME2000-09$0
Number of organizations performing similar types of work
Alaska3
Alabama6
Arkansas5
Arizona5
California30
Colorado6
Connecticut17
District of Columbia13
Delaware5
Florida11
Georgia14
Hawaii4
Iowa10
Idaho1
Illinois15
Indiana13
Kansas8
Kentucky11
Louisiana7
Massachusetts20
Maryland12
Maine11
Michigan9
Minnesota7
Missouri13
Mississippi7
Montana3
North Carolina14
North Dakota1
Nebraska2
New Hampshire4
New Jersey10
New Mexico2
New York53
Ohio24
Oklahoma5
Oregon10
Pennsylvania33
Rhode Island8
South Carolina7
South Dakota3
Tennessee9
Texas30
Utah3
Virginia26
Vermont7
Washington11
Wisconsin12
West Virginia8
Total548

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