Paul Revere Memorial Assoc Corp
- Assets
- $14.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 39
- Location
- Boston, MA
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 04-2104820
Organization Overview
Paul Revere Memorial Assoc Corp is located in Boston, MA. The organization was established in 1945. 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 12/2021, Paul Revere Memorial Assoc Corp employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Revere Memorial Assoc Corp 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 12/2021, Paul Revere Memorial Assoc Corp generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARE THE LEGACY OF PAUL REVERE, HIS LIFE, HOME, AND NEIGHBORHOOD BY PRESERVING TWO OF BOSTON'S OLDEST HOMES AND BY PROVIDING A LOCAL, NATIONAL, AND INTERNATIONAL AUDIENCE WITH A REMARKABLE EDUCATIONAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM/EXHIBITIONS/COLLECTIONS: THE ASSOCIATION ACTIVELY PRESERVES AND INTERPRETS TWO OF BOSTON'S OLDEST HOMES (PAUL REVERE HOUSE CA. 1680 AND HICHBORN HOUSE CA. 1711). THE HOUSES SERVE AS THE HISTORICAL MUSEUM EXHIBITING PERIOD ARTIFACTS. IN 2016, THE MUSEUM OPENED AN EDUCATION AND VISITOR CENTER IN A RESTORED 1835 BUILDING BEHIND THE PAUL REVERE HOUSE. THE MUSEUM IS OPEN TO THE PUBLIC FOR TOURS ALL YEAR ROUND. DURING OUR BUSY SEASON THE EXPERIENCE IS ENHANCED WITH LIVING HISTORY PRESENTATIONS AND FAMILY FOCUSED PROGRAMS. APPROXIMATELY 149,000 VISITORS FROM "UP THE STREETX AND AROUND THE WORLD ENJOYED OUR SITE THIS YEAR, WITH AN ADDITIONAL 10,000 SERVED THROUGH OUTREACH PROGRAMS. THE ASSOCIATION HAS BEEN ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS SINCE 1985.
EDUCATIONAL PROGRAMS/RESEARCH/PUBLICATIONS: THE ASSOCIATION PROVIDES AN INCREASINGLY DIVERSE AUDIENCE WITH A REMARKABLE EDUCATIONAL EXPERIENCE ON THE LIFE AND TIMES OF PAUL REVERE AND THE REVERE FAMILY. THIS IS ACHIEVED THROUGH A RANGE OF PROGRAMS INCLUDING: SCHOOL, AFTER-SCHOOL AND SUMMER CAMP PROGRAMS, FAMILY PROGRAMS, LIVING HISTORY PRESENTATIONS, EXHIBITIS, LECTURES AND TEACHER TRAINING PROGRAMS THAT ARE ONSITE, OFFSITE, AND VIRTUAL. THE ASSOCIATION ALSO MAINTAINS THEIR WEBSITE, WWW.PAULREVEREHOUSE.ORG, WHICH OFFERS VISITORS AN ADDITIONAL EDUCATIONAL EXPERIENCE. THE ASSOCIATION ALSO SUPPORTS RESEARCH BY SPONSORING FELLOWSHIPS, PROVIDING INTERNSHIP PROGRAMS AT THE MUSEUM, AND PUBLISHING SCHOLARLY RESEARCH ON A REGULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pa Nina Zannieri Executive Director | 60 | $157,236 | |
Robert H Norris Secretary | OfficerTrustee | 1 | $0 |
William Fowler Vice President | OfficerTrustee | 1 | $0 |
Darcy Morris Asst Treasurer | OfficerTrustee | 1 | $0 |
Avery Revere President | OfficerTrustee | 1 | $0 |
Thomas Appleton Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Homeco Remodeling General Contractors | 12/30/16 | $447,978 |
Mills Whitaker Architects Llc Architects | 12/30/16 | $148,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,766 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $482,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $377,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $867,690 |
| Total Program Service Revenue | $738,161 |
| Investment income | $93,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,355 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,864,510 |
| 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. | $169,921 |
| Compensation of current officers, directors, key employees. | $113,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,995 |
| Pension plan accruals and contributions | $14,283 |
| Other employee benefits | $64,090 |
| Payroll taxes | $56,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $770 |
| Fees for services: Accounting | $33,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,716 |
| Fees for services: Other | $22,848 |
| Advertising and promotion | $0 |
| Office expenses | $4,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,925 |
| Travel | $312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,787 |
| Insurance | $28,347 |
| All other expenses | $10,749 |
| Total functional expenses | $1,143,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,817 |
| Savings and temporary cash investments | $714,472 |
| Pledges and grants receivable | $99,555 |
| Accounts receivable, net | $303,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,914 |
| Prepaid expenses and deferred charges | $16,167 |
| Net Land, buildings, and equipment | $6,238,341 |
| Investments—publicly traded securities | $6,314,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,236,555 |
| Accounts payable and accrued expenses | $65,491 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $65,491 |
| Net assets without donor restrictions | $13,997,466 |
| Net assets with donor restrictions | $173,598 |
| 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 | $14,236,555 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Paul Revere Memorial Assoc Corp has recieved totaling $227,853.
| Awarding Organization | Amount |
|---|---|
Fidelity Non-Profit Management Foundation Boston, MA PURPOSE: OPERATING SUPPORT | $200,000 |
One Step Foward Education Foundation Inc Boston, MA PURPOSE: PRESERVATION OF PAUL REVERE LETTERS | $12,000 |
Master Wardens & Members Of Masons In Mass Boston, MA PURPOSE: EDUCATIONAL PROGRAMS | $6,700 |
Massachusetts Society Of The Cincinnati Boston, MA PURPOSE: PAUL REVERE'S BOSTON HISTORY SERIES | $5,500 |
Massachusetts Charitable Mechanic Association Quincy, MA PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $3,653 |
Endowment Analysis
| Beg. Balance | $5,433,929 |
| Earnings | $918,334 |
| Admin Expense | $37,716 |
| Ending Balance | $6,314,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |