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New York BBB Wise Giving Report for
Montauk Historical Society

 

  • Does not meet all standards

Expiration Date:
08/2013
Name:
The Montauk Historical Society
Address:
PO Box 943
Montauk, NY 11954
Phone:
631-668-2544
Year, State Incorporated:
1967, New York
Affiliates:
None
Stated Purpose:
" Protects, preserves, and provides education to the local community about the Montauk Lighthouse and Second House Museum. "





Evaluation Conclusions
 

               
The Montauk Historical Society does not meet the following 2 Standards for Charity Accountability.

Standard 16 : Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

  • The organization's annual report does not identify its total income, total program service expense, total amount spent for each of its major program activities, total fund raising expense, total administrative expense for the past fiscal year and its total end of year net assets.

Standard 17 : Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

  • The organization has a website that requests contributions, but the website does not include the organization's total income, total program service expense, fund raising expense, administrative expense in the past fiscal year, the total end of year net assets or a link to the IRS Form 990, the annual financial form filed with the Internal Revenue Service.
The Montauk Historical Society meets the remaining 18 Standards for Charity Accountability.




Programs
 

               
The Montauk Historical Society works to educate the public on the history of the Montauk Lighthouse, the oldest lighthouse in New York State, and Second House, the oldest home in Montauk. Through a series of on-site programs, the past and present of these historical sites are kept alive and available to the public. The Montauk Lighthouse remains in operation and is the site of regular, year-round tours. The Second House Museum, built in 1797, provides a window to the history of Montauk and, though it remains nearly the same as when it was first constructed, it is currently being restored to more closely resemble its original interior.



Governance
 

               
Chief Executive Officer:
Patricia A. Wood, Director of Site Management
Compensation*:
$64,184
Chair of the Board:
Elizabeth White
Chair's Profession / Business Affiliation:
Retired
Board Size:
8
Paid Staff Size:
3



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

               
Method(s) Used:

Direct mail appeals
Fund raising costs were 6.5% of related contributions. (Related contributions, which totaled $992,626, are donations received as a result of fund raising activities.)




Tax Status
 

               
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

               
The following information is based on The Montauk Historical Society's Audited Financial Statements for the fiscal year ended December 31, 2008.

Source of Funds
 

Lighthouse Admissions

 $504,101

Gift Shop Revenue

 311,467

Special Events

 107,807

Contributions

 69,251

Interest and Dividend Income

 15,875

Other

 8,654

Investment Return

 (1,765)

Total Income

$1,015,390

Expenses
 
Program Expenses 

Lighthouse and Museums

$653,498

Gift Shop

145,854

Special Events

51,459
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expenses

Income in Excess of Expenses

 850,811
64,233
76,902
$991,946

$23,444



Uses of Funds as a % of Total Expenses


Programs: 86%  Fund Raising: 7%  Administrative 8% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $2,250,822
Ending net assets 2,274,266
Total liabilities 33,482
Total assets
$2,307,748






 

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