Victoria Mansion is located in Portland, ME. The organization was established in 1971. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2023, Victoria Mansion employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victoria Mansion is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Victoria Mansion generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $662.1k during the year ending 03/2023. While expenses have increased by 2.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND MAINTAIN THE VICTORIA MANSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCUMENTED AND INTERPRETED THE HISTORY AND SIGNIFICANCE OF THE BUILDINGS AND FURNISHINGS AS IMPORTANT EXPRESSIONS OF NINETEENTH CENTURY AMERICAN CULTURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Timothy Brosnihan Executive Director | Trustee | 40 | $84,989 |
Elizabeth Astor Trustee | Trustee | 5 | $0 |
Stephen Barton Trustee | Trustee | 5 | $0 |
Reuben Bell Trustee | Trustee | 5 | $0 |
Johathan Carr Trustee | Trustee | 5 | $0 |
Holley Doggett Trustee | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $32,662 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $847,907 |
Noncash contributions included in lines 1a–1f | $11,500 |
Total Revenue from Contributions, Gifts, Grants & Similar | $880,569 |
Total Program Service Revenue | $397,549 |
Investment income | $47,579 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$44,637 |
Net Income from Fundraising Events | $7,500 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $60,600 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,349,160 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $111,700 |
Compensation of current officers, directors, key employees. | $22,440 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $259,458 |
Pension plan accruals and contributions | $1,846 |
Other employee benefits | $9,888 |
Payroll taxes | $28,878 |
Fees for services: Management | $0 |
Fees for services: Legal | $181 |
Fees for services: Accounting | $6,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $19,339 |
Fees for services: Other | $44,582 |
Advertising and promotion | $5,113 |
Office expenses | $5,182 |
Information technology | $5,509 |
Royalties | $0 |
Occupancy | $35,120 |
Travel | $417 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $307 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,052 |
Insurance | $20,277 |
All other expenses | $15,245 |
Total functional expenses | $662,137 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $367,716 |
Savings and temporary cash investments | $197,361 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $77,729 |
Prepaid expenses and deferred charges | $2,189 |
Net Land, buildings, and equipment | $5,147,714 |
Investments—publicly traded securities | $2,210,998 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $70,702 |
Total assets | $8,074,409 |
Accounts payable and accrued expenses | $39,686 |
Grants payable | $0 |
Deferred revenue | $660 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $40,346 |
Net assets without donor restrictions | $1,966,317 |
Net assets with donor restrictions | $6,067,746 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $8,074,409 |