Old Sturbridge Inc
- Assets
- $28.5m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 295
- Location
- Sturbridge, MA
- Founding
- 10/1992
- Data as of
- 01/2024
- EIN
- 04-2104809
Organization Overview
Old Sturbridge Inc, operating under the name Old Sturbridge Village, is located in Sturbridge, MA. The organization was established in 1992. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2024, Old Sturbridge Village employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Sturbridge Village 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 01/2024, Old Sturbridge Village generated $15.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $15.6m during the year ending 01/2024. While expenses have increased by 4.4% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OLD STURBRIDGE VILLAGE, A MUSEUM AND LEARNING RESOURCE OF NEW ENGLAND LIFE, INVITES EACH VISITOR TO FIND MEANING, PLEASURE, RELEVANCE AND INSPIRATION THROUGH THE EXPLORATION OF HISTORY.
Describe the Organization's Program Activity:
EDUCATION & PUBLIC PROGRAMMING: PROVIDED PROGRAMS AND ACTIVITIES FOR LEARNING ABOUT AMERICA'S HISTORY WITH A FOCUS ON EARLY NEW ENGLAND DURING 1790-1840. INTERPRETERS PORTRAYED THE DAILY LIFE, WORK AND CELEBRATIONS OF AN EARLY NEW ENGLAND COMMUNITY TO APPROXIMATELY 200,000 VISITORS, INCLUDING 44,000 SCHOOL CHILDREN. OVER 47,000 ADDITIONAL VISITORS PARTICIPATED IN VARIOUS SPECIAL PROGRAMS AND EDUCATIONAL ACTIVITIES.
OTHER PROGRAMS.
RESEARCH, CURATORIAL AND LIBRARY: RESEARCH INTO THE MATERIAL AND WRITTEN SOURCES OF REGIONAL HISTORY AND EFFORTS TO COLLECT AND PRESERVE THE BUILDING, OBJECTS, HAND PROCESSES AND CULTURAL PATTERNS OF EARLY NEW ENGLANDERS. HISTORICAL COLLECTIONS INCLUDE OVER 50,000 ARTIFACTS AND 40,000 BOOKS AND MANUSCRIPTS.
FOOD SERVICE: PROVIDES CATERING FOR ON-CAMPUS EVENTS AND CONVENIENT ON-SITE FOOD SERVICE TO VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bichop Nawrot Chair | OfficerTrustee | 2 | $0 |
Cynthia Michener Vice Chair | OfficerTrustee | 2 | $0 |
John J Argitis Treasurer | OfficerTrustee | 2 | $0 |
Lynn Eckhert Secretary | OfficerTrustee | 2 | $0 |
George F Booth Trustee | Trustee | 2 | $0 |
Susan Collins Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
George L King Horse Handler | 1/30/17 | $130,549 |
Darin Johnson Consultant | 1/30/17 | $123,450 |
Brian Clowdus Productions Llc Director Of Interactive Performance | 1/30/17 | $169,907 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,000 |
| Membership dues | $0 |
| Fundraising events | $14,425 |
| Related organizations | $0 |
| Government grants | $928,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,597,585 |
| Noncash contributions included in lines 1a–1f | $1,165,467 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,545,153 |
| Total Program Service Revenue | $6,119,624 |
| Investment income | $418,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,767 |
| Net Rental Income | $840,136 |
| Net Gain/Loss on Asset Sales | -$290,849 |
| Net Income from Fundraising Events | -$13,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,054,768 |
| 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. | $450,699 |
| Compensation of current officers, directors, key employees. | $87,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,170,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $861,188 |
| Payroll taxes | $600,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,544 |
| Fees for services: Accounting | $51,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116,799 |
| Fees for services: Other | $203,905 |
| Advertising and promotion | $317,508 |
| Office expenses | $789,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $845,004 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $390,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $506,947 |
| Insurance | $325,588 |
| All other expenses | $0 |
| Total functional expenses | $15,575,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,894 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $613,150 |
| Accounts receivable, net | $202,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $188,106 |
| Prepaid expenses and deferred charges | $59,076 |
| Net Land, buildings, and equipment | $6,517,844 |
| Investments—publicly traded securities | $17,053,616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,283,203 |
| Total assets | $28,498,521 |
| Accounts payable and accrued expenses | $771,486 |
| Grants payable | $0 |
| Deferred revenue | $375,627 |
| 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 | $8,087,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,582,502 |
| Total liabilities | $11,817,592 |
| Net assets without donor restrictions | -$1,596,016 |
| Net assets with donor restrictions | $18,276,945 |
| 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 | $28,498,521 |