Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $332,563

• 1c · Fundraising events

  $540,712

• 1d · Related organizations

  $517,813

• 1e · Government grants (contributions)

  $2,193,690

• 1f · All other contributions, gifts and grants

  $4,421,899

• 1g · Noncash contributions included above

  $118,367

• 2a · Program service revenue: EXHIBITION ADMISSIONS

  total $1,605,051 · related or exempt $1,605,051

• 2b · Program service revenue: HISTORIC LIFE ACTIVITIES

  total $1,310,044 · related or exempt $1,310,044

• 2c · Program service revenue: PUBLIC INFORMATION PROGRAMS

  total $111,943 · related or exempt $111,943

• 3 · Investment income

  total $552,513 · excluded $552,513

• 5 · Royalties

  total $649,712 · excluded $649,712

• 6a · Gross rents

  real property $85,739

• 6b · Less rental expenses

  real property $407,386

• 6c · Rental income or loss

  real property -$321,647

• 6d · Net rental income or loss

  total -$321,647 · excluded -$321,647

• 7a · Gross sales of assets other than inventory

  securities $1,727,786

• 7b · Less cost or other basis and sales expenses

  securities $1,623,319

• 7c · Gain or loss

  securities $104,467

• 7d · Net gain or loss

  total $104,467 · excluded $104,467

• 8a · Fundraising events: gross income

  $321,483

• 8a · Fundraising events: contributions included on line 1c

  $540,712

• 8b · Fundraising events: direct expenses

  $280,949

• 8c · Net income from fundraising events

  total $40,534 · excluded $40,534

• 10a · Gross sales of inventory

  $1,198,276

• 10b · Cost of goods sold

  $606,756

• 10c · Net income from sales of inventory

  total $591,520 · excluded $591,520

• 11a · Other revenue: CATERING COMMISSIONS

  total $349,717 · related or exempt $349,717

• 11b · Other revenue: LOAN FORGIVENESS

  total $62,500 · excluded $62,500

• 11e · Other revenue, total

  $412,217

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $723,891 · program services $527,156 · management and general $138,162 · fundraising $58,573

• 7 · Other salaries and wages

  total $4,541,762 · program services $3,371,747 · management and general $865,347 · fundraising $304,668

• 8 · Pension plan contributions

  total $77,095 · management and general $77,095

• 9 · Other employee benefits

  total $526,498 · program services $308,853 · management and general $167,508 · fundraising $50,137

• 10 · Payroll taxes

  total $404,831 · program services $300,518 · management and general $81,243 · fundraising $23,070

• 11a · Fees: management

  total $357,389 · program services $60,696 · management and general $296,693

• 11b · Fees: legal

  total $4,633 · management and general $4,633

• 11c · Fees: accounting

  total $59,796 · management and general $59,796

• 11d · Fees: lobbying

  total $31,972 · management and general $31,972

• 11e · Fees: professional fundraising services

  total $60,374 · fundraising $60,374

• 11f · Fees: investment management

  total $71,118 · management and general $71,118

• 11g · Fees: other

  total $42,831 · program services $1,807 · management and general $41,024

• 12 · Advertising and promotion

  total $209,339 · program services $201,705 · management and general $4,520 · fundraising $3,114

• 13 · Office expenses

  total $137,088 · program services $131,123 · management and general $5,965

• 16 · Occupancy

  total $912,762 · program services $815,615 · management and general $77,563 · fundraising $19,584

• 17 · Travel

  total $24,377 · program services $18,823 · management and general $5,554

• 18 · Travel or entertainment for public officials

  total $2,208 · management and general $2,208

• 19 · Conferences, conventions and meetings

  total $23,694 · program services $23,694

• 20 · Interest

  total $250,524 · program services $250,524

• 22 · Depreciation, depletion and amortization

  total $1,544,929 · program services $1,544,929

• 23 · Insurance

  total $77,826 · program services $77,826

• 24a · Other expenses: PROGRAMS

  total $519,237 · program services $287,525 · management and general $10,816 · fundraising $220,896

• 24b · Other expenses: EXHIBIT EXPENSES

  total $470,446 · program services $470,446

• 24c · Other expenses: FURNITURE & FIXTURES

  total $416,800 · program services $39,976 · management and general $373,409 · fundraising $3,415

• 24d · Other expenses: MAINTENANCE & SECURITY

  total $180,405 · program services $178,722 · management and general $1,683

• 24e · All other expenses

  total $117,655 · program services $82,509 · management and general $1,342 · fundraising $33,804

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $153,395 · end of year $128,429

• 2 · Savings and temporary cash investments

  beginning of year $7,470,527 · end of year $7,941,206

• 3 · Pledges and grants receivable

  beginning of year $653,862 · end of year $821,637

• 4 · Accounts receivable

  beginning of year $135,824 · end of year $162,138

• 8 · Inventories for sale or use

  beginning of year $578,618 · end of year $724,700

• 9 · Prepaid expenses and deferred charges

  beginning of year $50,774 · end of year $144,482

• 10a · Land, buildings and equipment: cost or other basis

  $66,439,335

• 10b · Land, buildings and equipment: accumulated depreciation

  $36,997,305

• 10c · Land, buildings and equipment, net

  beginning of year $30,531,861 · end of year $29,442,030

• 11 · Investments: publicly traded securities

  beginning of year $23,426,284 · end of year $25,222,144

• 17 · Accounts payable and accrued expenses

  beginning of year $1,214,734 · end of year $903,502

• 19 · Deferred revenue

  beginning of year $39,889 · end of year $46,162

• 22 · Loans and payables to officers and key people

  beginning of year $62,500 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $4,303,459 · end of year $4,010,602

• 24 · Unsecured notes and loans payable

  beginning of year $1,239,500 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $30,472,603 · end of year $32,013,911

• 28 · Net assets with donor restrictions

  beginning of year $25,668,460 · end of year $27,612,589

The filer's explanations (Part III)

PART I, LINE 1A

THE HISTORICAL SOCIETY PAID DUES TO THE DUQUESNE CLUB ON BEHALF OF ITS CEO, ANDREW MASICH. AS REQUIRED, MR. MASICH DOCUMENTED HIS PERSONAL USE OF THE CLUB, OF WHICH THERE WAS NONE. THE HISTORICAL SOCIETY PAID FOR THE TRAVEL OF A COMPANION FOR CEO, ANDREW MASICH. THIS TRAVEL WAS FOR ENTERTAINING OUT OF STATE AND WAS NOT TAXABLE TO MR. MASICH.

PART I, LINE 3

MR. MASICH, THE PRESIDENT AND CEO OF THE SOCIETY IS CURRENTLY EMPLOYED UNDER THE TERMS OF A 60 MONTH CONTRACT THAT WAS EXECUTED EFFECTIVE JANUARY 1, 2023, ENDING DECEMBER 31, 2027. THE TOTAL COMPENSATION OF MR. MASICH WAS ESTABLISHED BY THE EXECUTIVE COMMITTEE AND ALLOWS FOR ADDITIONAL COMPENSATION, BASED ON PERFORMANCE, INFLATION, AND CURRENT MARKET DATA EFFECTIVE JANUARY 1 OF EACH YEAR AT THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD. THIS COMPENSATION WAS DETERMINED BY OBTAINING A COMPENSATION STUDY AND THE REVIEW OF COMPARABLE ORGANIZATIONS FORMS 990.