Historical Society Of Seabrook
Historical Society of Seabrook: Financial Volatility and Transparency Gaps
EIN: 222514982 · Seabrook, NH · NTEE: A80 · Updated: 2026-04-04
About Historical Society Of Seabrook
Historical Society Of Seabrook (EIN: 222514982) is a nonprofit organization based in Seabrook, NH, classified under NTEE code A80. The organization reported total revenue of $111K and total assets of $346K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historical Society Of Seabrook's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Historical Society Of Seabrook with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Historical Society Of Seabrook allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided Form 990-EZ data, making it impossible to assess its reasonableness or alignment with organizational size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Historical Society Of Seabrook's IRS 990 filings:
- Significant asset decrease from $719,501 in 2018 to $224,537 in 2023 without clear explanation in available data.
- Revenue dropped from $156,946 in 2023 to $49,860 in 2022, then rebounded, indicating high financial instability.
- Inconsistent expense reporting; for example, expenses exceeded revenue in 2022 ($53,496 expenses vs. $49,860 revenue).
Strengths
The following positive indicators were identified for Historical Society Of Seabrook:
- Maintained a positive net asset position across all reported years, indicating some level of financial solvency.
- Successfully rebounded revenue in 2023 to $156,946 after a significant dip in 2022.
Frequently Asked Questions about Historical Society Of Seabrook
What does Historical Society Of Seabrook do?
Historical Society Of Seabrook is a nonprofit organization in the Arts, Culture & Humanities sector, located in Seabrook, New Hampshire. It is classified under NTEE code A80.
How much revenue does Historical Society Of Seabrook have?
Historical Society Of Seabrook reported total revenue of $110,737. Based on 7 IRS 990 filings on record.
What are Historical Society Of Seabrook's total assets?
Historical Society Of Seabrook holds total assets of $346,468 as reported in IRS 990 filings.
Where is Historical Society Of Seabrook located?
Historical Society Of Seabrook is based in Seabrook, New Hampshire.
What is Historical Society Of Seabrook's EIN?
Historical Society Of Seabrook's Employer Identification Number (EIN) is 222514982. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Historical Society Of Seabrook?
Historical Society Of Seabrook is classified under NTEE code A80 (Arts, Culture & Humanities).
Is Historical Society Of Seabrook a registered 501(c)(3)?
Yes, Historical Society Of Seabrook is recognized as a tax-exempt organization by the IRS. EIN: 222514982.
Does Historical Society Of Seabrook file IRS Form 990?
Yes, Historical Society Of Seabrook has 7 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Historical Society Of Seabrook's revenue in 2023?
In the 202312 filing period, Historical Society Of Seabrook reported total revenue of $156,946, total expenses of $12,407, and net assets of $224,537.
Is Historical Society Of Seabrook's revenue growing or declining?
Historical Society Of Seabrook's revenue is growing. Revenue went from $49,860 (202212) to $156,946 (202312), a +214.8% change. Based on 7 filings on record.
What is Historical Society Of Seabrook's most recent 990 filing?
The most recent IRS Form 990 filing for Historical Society Of Seabrook covers tax period 202312. It shows revenue of $156,946, expenses of $12,407, total assets of $224,537, and liabilities of N/A.
How much does Historical Society Of Seabrook spend on programs vs administration?
Based on IRS 990 analysis, Historical Society Of Seabrook allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Historical Society Of Seabrook a trustworthy charity?
Based on AI analysis of IRS 990 data, Historical Society Of Seabrook shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Historical Society Of Seabrook?
The following concerns were identified: Significant asset decrease from $719,501 in 2018 to $224,537 in 2023 without clear explanation in available data.. Revenue dropped from $156,946 in 2023 to $49,860 in 2022, then rebounded, indicating high financial instability.. Inconsistent expense reporting; for example, expenses exceeded revenue in 2022 ($53,496 expenses vs. $49,860 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Historical Society Of Seabrook's strengths?
Positive indicators for Historical Society Of Seabrook include: Maintained a positive net asset position across all reported years, indicating some level of financial solvency.. Successfully rebounded revenue in 2023 to $156,946 after a significant dip in 2022.. These findings are derived from AI analysis of the organization's financial filings.
How does Historical Society Of Seabrook compensate executives?
Executive compensation is not explicitly detailed in the provided Form 990-EZ data, making it impossible to assess its reasonableness or alignment with organizational size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic decrease in assets from 2018 to 2023, and how is the organization addressing this trend?
The provided data shows a substantial drop in assets from $719,501 in 2018 to $224,537 in 2023. Without more detailed financial statements or narrative explanations, the specific causes (e.g., asset sales, significant operational losses, reclassification) and the organization's strategy to manage this decline remain unclear.
Given the significant revenue and expense volatility, what strategies does the Historical Society of Seabrook employ to ensure long-term financial sustainability?
The financial data reveals considerable swings in both revenue and expenses year-over-year. For instance, revenue was $156,946 in 2023 but only $49,860 in 2022. Understanding the underlying causes of this volatility and the strategies in place (e.g., diversified funding, reserve policies, cost controls) is crucial for assessing their long-term viability.
Filing History
IRS 990 filing history for Historical Society Of Seabrook showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Historical Society Of Seabrook's revenue has grown by 294.8%, moving from $40K to $157K. Total assets decreased by 61.8% over the same period, from $587K to $225K. Total functional expenses fell by 73.7%, from $47K to $12K. In its most recent filing year (2023), Historical Society Of Seabrook reported a surplus of $145K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $12K | $225K | $0 | — | View 990 |
| 2022 | $50K | $53K | $80K | $0 | — | View 990 |
| 2021 | $68K | $8K | $84K | $0 | — | — |
| 2018 | $43K | $37K | $720K | $6K | — | View 990 |
| 2017 | $16K | $23K | $713K | $6K | — | View 990 |
| 2016 | $21K | $9K | $597K | $12K | — | View 990 |
| 2015 | $40K | $47K | $587K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $12K, and assets of $225K (revenue +214.8% year-over-year).
- 2022: Revenue of $50K, expenses of $53K, and assets of $80K (revenue -26.7% year-over-year).
- 2021: Revenue of $68K, expenses of $8K, and assets of $84K (revenue +57.0% year-over-year).
- 2018: Revenue of $43K, expenses of $37K, and assets of $720K (revenue +177.3% year-over-year).
- 2017: Revenue of $16K, expenses of $23K, and assets of $713K (revenue -25.8% year-over-year).
- 2016: Revenue of $21K, expenses of $9K, and assets of $597K (revenue -47.1% year-over-year).
- 2015: Revenue of $40K, expenses of $47K, and assets of $587K.
Data Sources and Methodology
This transparency report for Historical Society Of Seabrook is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.