2024-05-14T13:42:46-04:00 2023-06-30 133952752 DESANTIS KIEFER SHALL & SARCONE LLP 1675 RICHMOND ROAD STATEN ISLAND NY 103042317 990 2022-07-01 131985514 STATEN ISLAND HISTORICAL SOCIETY INCD/B/A HISTORIC RICHMOND TOWN STAT 7183511611 441 CLARKE AVENUE STATEN ISLAND NY 10306 JESSICA PHILLIPS CHIEF EXEC OFFICER 7183511611 2024-05-14 true JESSICA PHILLIPS XXX-XX-XXXX false DONALD SARCONE CPA CGMA P00003283 7183512233 2024-05-14 2022 2023-04-26 12:10:37Z JESSICA PHILLIPS 441 CLARKE AVENUE STATEN ISLAND NY 10304 2703799 false X WWW.HISTORICRICHMONDTOWN.ORG X 1856 NY THE MISSION OF THE HISTORICAL SOCIETY IS TO CREATE OPPORTUNITIES FOR THE PUBLIC TO EXPLORE THE DIVERSITY OF THE AMERICAN EXPERIENCE, ESPECIALLY THAT OF STATEN ISLAND AND ITS NEIGHBORING COMMUNITIES FROM THE COLONIAL PERIOD TO THE PRESENT. 12 12 48 30 0 1914430 1823351 140903 176038 125555 57716 190140 287047 2371028 2344152 0 0 1401255 1475085 0 132085 1035996 1144103 2437251 2619188 -66223 -275036 3255602 3096520 279590 295688 2976012 2800832 X THE MISSION OF THE HISTORICAL SOCIETY IS TO CREATE OPPORTUNITIES FOR THE PUBLIC TO EXPLORE THE DIVERSITY OF THE AMERICAN EXPERIENCE, ESPECIALLY THAT OF STATEN ISLAND AND ITS NEIGHBORING COMMUNITIES FROM THE COLONIAL PERIOD TO THE PRESENT. false false 555013 149291 EDUCATION: THE STATEN ISLAND HISTORICAL SOCIETY HAS VARIOUS EDUCATIONAL PROGRAMS SUCH AS SCHOOL PROGRAMS, PUBLIC PROGRAMS, TOURS OF EXHIBITS AS WELL AS EDUCATIONAL PROGRAMS ON THE HISTORICAL EXPERIENCES OF STATEN ISLAND. THE SOCIETY ALSO MAINTAINS MULTIPLE HISTORIC SITES. 598888 MAINTENANCE AND SECURITY: PROTECTION OF HISTORIC BUILDINGS AND COLLECTIONS, AND NORMAL REPAIRS. 373504 THE SOCIETY RUNS SEVERAL SPECIAL PROGRAM EVENTS DURING THE YEAR INCLUDING THE RICHMOND COUNTY FAIR, CHRISTMAS AT HISTORIC RICHMONDTOWN, PUMPKIN PICKING AT DECKER FARM, YANKEE PEDDLER DAY, AND TAVERN CONCERTS. 566966 23750 RESTORATION: THE STATEN ISLAND HISTORICAL SOCIETY RESTORES AND MAINTAINS OVER 45 HISTORIC STRUCTURES AND 100 ACRES OF LAND THAT SPAN FIVE CENTURIES AND ARE AN INTEGRAL PARTY OF HISTORY. CURATORIAL: MAINTAIN AND DISPLAY COLLECTIONS OF FURNITURE, DECORATIVE ARTS, ETC. PROVIDE PROGRAMS THAT DISPLAY AND USE ALMOST 200,000 ARTIFACTS AND PART OF CULTURE FROM THE 17TH CENTURY TO TODAY. OTHER PROGRAMS: THE SOCIETY RUNS SEVERAL VOLUNTEER PROGRAMS AND PROVIDES VISITOR SERVICES. 566966 23750 2094371 true true false false false false true true false true true false false false false true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 16 0 48 true false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false NY X JESSICA PHILLIPS 7183511611 441 CLARKE AVENUE STATEN ISLAND NY 10306 JESSICA PHILLIPS CHIEF EXEC O 50.00 X 199000 0 26702 MARIA CRESCENZO BOARD MEMBER 1.00 X 0 0 0 ZENIA RUBY CONTI PSY D ASST TREASUR 1.00 X X 0 0 0 STEVEN R CISTERNAS DDS BOARD MEMBER 1.00 X 0 0 0 BIJU KOSHY ESQ BOARD MEMBER 1.00 X 0 0 0 WILLIAM FERRIER TREASURER 1.00 X X 0 0 0 DINA MARIE FILIPPINI BOARD MEMBER 1.00 X 0 0 0 LAURA GENTILE PRESIDENT 1.00 X X 0 0 0 JERRY GOLDMAN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH GREENE SECRETARY 1.00 X X 0 0 0 MICHAEL MOLINARO BOARD MEMBER 1.00 X 0 0 0 THOMAS MURPHY 1ST VICE PRE 1.00 X X 0 0 0 CLAIRE REGAN BOARD MEMBER 1.00 X 0 0 0 199000 26702 1 false true false 11771 145925 1418519 247136 89266 1823351 ADMISSIONS 176038 176038 176038 69921 69921 112105 112105 112105 112105 213837 226042 -12205 -12205 -12205 277352 145925 133605 143747 OTHER INCOME 31195 31195 31195 2344152 264949 112105 226467 187968 11323 27176 994637 825546 119359 49732 22117 18357 2654 1106 159727 132574 19167 7986 72137 59874 8656 3607 18758 18758 22000 22000 36437 36437 222164 164337 57827 63329 32543 639 30147 34247 14977 18948 322 22178 11646 10532 44983 42283 1350 1350 113970 102572 5699 5699 PROJECT MATERIALS 176099 169506 6593 PROPERTY & EQUIPMENT 144984 131729 13255 UTILITIES 124443 109510 12444 2489 SUPPORT SERVICES 32435 12923 18496 1016 88076 78026 8595 1455 2619188 2094371 392732 132085 X 185012 173639 337747 157541 75000 59458 104177 21420 11465 1615070 1213802 446252 401268 2205713 2173430 3255602 3096520 266496 294094 13094 1594 279590 295688 X 1000082 892295 1975930 1908537 2976012 2800832 3255602 3096520 -275036 99856 X false true X true false X 1552170 1155959 1492384 1914430 1823351 7938294 1552170 1155959 1492384 1914430 1823351 7938294 7938294 63112 139137 55692 91899 112105 461945 543958 471796 407595 269640 319338 2012327 10412566 2813739 0.76240 0.72230 X PART II, LINE 10 TOTAL REVENUE FROM 2019-2023 2,012,327 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 2001177 111538 -159412 1953303 2307345 -306168 2001177 1989022 318323 2307345 2219615 -180593 -50000 1989022 1839880 394989 -15254 2219615 0.31000 0.69000 false false 866732 516268 350464 748338 697534 50804 401268 X 2407571 99856 99856 2307715 36437 36437 2344152 2582751 2582751 36437 36437 2619188 SCHEDULE D, PAGE 2, PART V, LINE 4 THE SOCIETY'S BOARD OF DIRECTORS HAS INTERPRETED STATE LAW TO INCLUDE PRESERVATION OF AN ENDOWMENT GIFT'S HISTORIC VALUE MEASURED AS OF THE GIFT DATE, ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. ANY DETERIORATION OF THE FAIR VALUE OF ASSETS ASSOCIATED WITH DONOR RESTRICTED ENDOWMENT FUNDS THAT FALLS BELOW THE LEVEL THE DONOR REQUIRES THE SOCIETY TO RETAIN IN PERPETUITY IS TO BE REPORTED IN UNRESTRICTED NET ASSETS. THE SOCIETY'S INVESTMENT POLICIES FOR ENDOWMENT FUNDS INCLUDE A SPENDING POLICY WITH PROVISIONS FOR SPENDING UP TO A MAXIMUM OF 5% OF THE TWELVE QUARTER AVERAGE MARKET VALUE OF THE SUBJECT ACCOUNT. THE SOCIETY IS NOT REQUIRED TO WITHDRAW THE FUNDS DERIVED BY THIS CALCULATION AT ANY PARTICULAR TIME DURING THE FISCAL YEAR. THE SOCIETY HAS ESTABLISHED ASSET ALLOCATION PARAMETERS FOR ITS LONG TERM INVESTMENT ACCOUNTS TO ALLOW A MAXIMUM OF 10% TO BE HELD IN CASH EQUIVALENTS AS RESERVES FOR PURCHASES, BETWEEN 30% AND 50% IN FIXED INCOME AND BETWEEN 50% AND 70% IN EQUITIES WITH A 10% DIVERGENCE ALLOWANCE. THE ROLE OF FIXED INVESTMENTS IS TO REDUCE THE VOLATILITY OF THE OVERALL PORTFOLIO WHILE PROVIDING A PREDICTABLE STREAM OF INCOME. THE OBJECTIVES ARE TO GENERATE INCOME TO ASSIST THE SOCIETY IN THE ONGOING FISCAL AND PROGRAMMATIC NEEDS AND TO PROVIDE SUFFICIENT PRINICIPAL IN ORDER TO MAINTAIN THE ASSETS PURCHASING POWER OVER TIME. ANOTHER OBJECTIVE IS TO DIVERSIFY THE INVESTMENTS AND DIMINISH RISKS, AS MEASURED BY THE VOLATILITY OF RETURNS (STANDARD DEVIATION) AND THE LIKELIHOOD OF NOT MEETING THE SOCIETY'S PRIMARY INVESTMENT GOALS. HOWEVER, THE SOCIETY'S INVESTMENT POLICY INCLUDES A PROVISION FOR MODIFICATION OF THESE PARAMETERS AS DEEMED PRUDENT BY THE FINANCE COMMITTEE IN RESPONSE TO THE CONTEMPORANEOUS NEEDS OF THE SOCIETY. SCHEDULE D, PAGE 3, PART X THE SOCIETY IS SUBJECT TO THE PROVISIONS OF THE FASB ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE SOCIETY'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON ITS FINANCIAL STATEMENTS. COUNTY FAIR 277352 277352 5955 79203 48447 PUMPKIN PICKING 83987 83987 1 40778 40778 402117 124765 277352 5955 79203 48447 133605 143747 X true true X X X false false false false false false false false false JESSICA PHILLIPS CHIEF EXEC OFFICER 175000 24000 26702 225702 X UTILITIES 1 89266 false true false FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE HISTORICAL SOCIETY IS TO CREATE OPPORTUNITIES FOR THE PUBLIC TO EXPLORE THE DIVERSITY OF THE AMERICAN EXPERIENCE, ESPECIALLY THAT OF STATEN ISLAND AND ITS NEIGHBORING COMMUNITIES FROM THE COLONIAL PERIOD TO THE PRESENT. FORM 990, PAGE 2, PART III, LINE 4D RESTORATION: THE STATEN ISLAND HISTORICAL SOCIETY RESTORES AND MAINTAINS OVER 45 HISTORIC STRUCTURES AND 100 ACRES OF LAND THAT SPAN FIVE CENTURIES AND ARE AN INTEGRAL PARTY OF HISTORY. CURATORIAL: MAINTAIN AND DISPLAY COLLECTIONS OF FURNITURE, DECORATIVE ARTS, ETC. PROVIDE PROGRAMS THAT DISPLAY AND USE ALMOST 200,000 ARTIFACTS AND PART OF CULTURE FROM THE 17TH CENTURY TO TODAY. OTHER PROGRAMS: THE SOCIETY RUNS SEVERAL VOLUNTEER PROGRAMS AND PROVIDES VISITOR SERVICES. FORM 990, PAGE 6, PART VI, LINE 11B THE EXECUTIVE DIRECTOR, FINANCE COMMITTEE, AND MEMBERS OF THE BOARD REVIEW A DRAFT OF THE FORM 990 PRIOR TO ITS SUBMISSION TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE SOCIETY REQUIRES DIRECTORS AND STAFF TO SIGN AND ADHERE TO A WRITTEN CONFLICT OF INTEREST POLICY. THIS POLICY REQUIRES DIRECTORS AND OFFICERS TO DISCLOSE A CONFLICT OF INTEREST AT ANY TIME DURING THEIR TENURE. THE POLICY IS REVIEWED AND RE-SIGNED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A MEMBERS OF THE GOVERNING BODY CONDUCTED A SURVEY OF LOCAL NOT-FOR-PROFIT ORGANIZATIONS' SALARY STRUCTURE FOR EXECUTIVE DIRECTORS. THE ACQUIRED INFORMATION WAS REVIEWED AND USED TO FACILITATE THE COMPENSATION PACKAGE FOR TOP MANAGEMENT PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 15B MEMBERS OF THE GOVERNING BODY CONDUCTED A SURVEY OF LOCAL NOT-FOR-PROFIT ORGANIZATIONS' SALARY STRUCTURE FOR MANAGEMENT PERSONNEL. THE ACQUIRED INFORMATION WAS REVIEWED AND USED TO FACILITATE THE COMPENSATION PACKAGE FOR TOP MANAGEMENT PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.