THE FILSON HISTORICAL SOCIETY INC Charity Report

Public IRS 990 nonprofit record

THE FILSON HISTORICAL SOCIETY INC

EIN 61-0444690 · Recreation & Sports (N50Z)

What they do

THE MISSION of THE FILSON HISTORICAL SOCIETY is to COLLECT, PRESERVE, and SHARE THE SIGNIFICANT HISTORY and CULTURE of KENTUCKY and THE OHIO VALLEY. ITS PURPOSE is THE BELIEF THAT COMMUNITIES BUILD A STRONGER FUTURE BY BETTER KNOWING THE PAST.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $77.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

107.64%of revenue went to mission work77.9% of expenses · Program services

11.29%of revenue went to fundraising8.2% of expenses

$138.13spent for every $100 of revenueSpending was higher than revenue this year.

19.20%of revenue went to management and office costs13.9% of expenses

$12.02in assets for every $1 spent this yearSome assets cannot be spent right away.

59.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,103,980 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $236,175 for RICHARD HC CLAY (PRESIDENT & CEO (ENDED 12/31/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,895,584

Mission workProgram services$3,116,810107.64% of revenue77.9% of expenses

ManagementOffice and general costs$555,93319.20% of revenue13.9% of expenses

FundraisingAsking for donations$326,82111.29% of revenue8.2% of expenses

Total expenses$3,999,564138.13% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 77.9% mission · 13.9% management · 8.2% fundraisingTotal expenses: 138.13% of revenue

2023Expense mix: 77.3% mission · 14.7% management · 7.9% fundraisingTotal expenses: 82.77% of revenue

2022Expense mix: 81.6% mission · 11.6% management · 6.8% fundraisingTotal expenses: 84.90% of revenue

2021Expense mix: 81.6% mission · 12.1% management · 6.3% fundraisingTotal expenses: 61.23% of revenue

2020Expense mix: 79.0% mission · 14.9% management · 6.1% fundraisingTotal expenses: 119.97% of revenue

2019Expense mix: 79.8% mission · 15.2% management · 4.9% fundraisingTotal expenses: 134.83% of revenue

2018Expense mix: 71.5% mission · 22.6% management · 5.9% fundraisingTotal expenses: 92.85% of revenue

2017Expense mix: 69.8% mission · 24.0% management · 6.1% fundraisingTotal expenses: 91.06% of revenue

Money in and money out

Revenue$2,895,584

Expenses$3,999,564

Annual shortfall $1,103,980 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,116,810 · 77.9% of expenses

Management and office costs$555,933 · 13.9% of expenses

Fundraising$326,821 · 8.2% of expenses

See all reported dollar amounts

Revenue$2,895,584

Expenses$3,999,564

Assets$48,089,903

Income$7,775,435

Contributions$1,712,956

Mission work (program services)$3,116,810

Fundraising$326,821

Management and general$555,933

Stocks and bonds$25,489,693

Accounting fees$32,707

Investing fees$81,741

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD HC CLAYPRESIDENT & CEO (ENDED 12/31/24) · 40 hrs/week $236,175Base $228,744 · Other $7,431

JULIE SCOSKIE JAMESVICE PRESIDENT (ENDED 12/11/24) · 40 hrs/week $145,103Base $139,014 · Other $6,089

MILOS D MALDONADOCHIEF FINANCIAL OFFICER · 40 hrs/week $127,940Base $113,123 · Other $14,817

PATRICK A LEWISDIRECTOR OF COLLECTIONS AND RESEARCH · 40 hrs/week $127,725Base $118,278 · Other $9,447

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

RICHARD HC CLAYPRESIDENT & CEO (ENDED 12/31/24)

JULIE SCOSKIE JAMESVICE PRESIDENT (ENDED 12/11/24)

MILOS D MALDONADOCHIEF FINANCIAL OFFICER

PATRICK A LEWISDIRECTOR OF COLLECTIONS AND RESEARCH

JIM HAYNESDIRECTOR

JILL GOLDENDIRECTOR

JOHN DAVID MYLESDIRECTOR

LINDY B STREETDIRECTOR

MADISON HAMMANDIRECTOR

MARSHALL FARRERDIRECTOR

ORME SANDY WILSON IIIDIRECTOR

PHIL POINDEXTERDIRECTOR

PHILLIP BONDASSISTANT TREASURER - DIRECTOR

SHELLIE BENOVITZDIRECTOR

SUSAN DABNEY LAVINDIRECTOR

TED STEINBOCK MDDIRECTOR

WESTRAY COBBDIRECTOR

WILLIAM SUMMERS VDIRECTOR

CHRIS MORRISDIRECTOR

ANGELA CURRYDIRECTOR (ENDED 1/8/24)

ANGELA EDWARDSVICE CHAIR - DIRECTOR

ANITA STREETERDIRECTOR

ANN GEORGEHEADDIRECTOR

ANN WELLSCHAIR - DIRECTOR

ASHLEY NOLANDDIRECTOR

BETH WISEMANTREASURER - DIRECTOR

CARL M THOMASDIRECTOR

ALAN KAMEIDIRECTOR

CLARK BUD ORRDIRECTOR

DANIEL GIFFORDDIRECTOR

ELIZABETH LIBBY VOYLESDIRECTOR

EMILY BINGHAMDIRECTOR

JAMES ALLENDIRECTOR

JAMES KENNEY IIISECRETARY - DIRECTOR

JANE GOLDSTEINDIRECTOR

About this charity

Recognized since: January 1942
Location: 1310 S 3RD ST, LOUISVILLE, KY 40208-2306
County: Jefferson
In care of: % JORDAN SANGMEISTER
Primary officer: RICHARD HC CLAY, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(502) 635-5083

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CHERRY BEKAERT ADVISORY LLC
NTEE classification: Recreation & Sports (N50Z)