Society For The Preservation Of New England Antiquities Inc
- Assets
- $149.0m
- Revenue
- $24.1m
- Investments
- $11.4m
- Employees
- 271
- Location
- Boston, MA
- Founding
- 08/2016
- Data as of
- 03/2022
- EIN
- 04-2104937
Organization Overview
Society For The Preservation Of New England Antiquities Inc, operating under the name Historic New England, is located in Boston, MA. The organization was established in 2016. 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 03/2022, Historic New England employed 271 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Historic New England 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 03/2022, Historic New England generated $24.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $16.3m during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE SAVE AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
MUSEUMS - THE 39 HISTORIC PROPERTIES OWNED AND RUN BY HISTORIC NEW ENGLAND HAVE BEEN VISITED BY OVER 145,006 INDIVIDUALS. THE PROGRAMS INCLUDE EDUCATION, PUBLIC OUTREACH, AND CURATORIAL CARE FOR OVER 123,000 OBJECTS AND 1,500,000 DOCUMENTS AND PHOTOGRAPHS.
CONSERVATION AND PRESERVATION- HISTORIC NEW ENGLAND PROVIDES PROPERTY CARE AND MANAGEMENT SERVICES FOR ALL OF THE ORGANIZATIONS HISTORIC PROPERTIES AND LANDSCAPES.
EASEMENT PRESERVATION- HISTORIC NEW ENGLAND ADMINISTERS 118 EASEMENTS THAT PROTECT HISTORIC BUILDINGS THROUGHOUT NEW ENGLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vin Cipolla President/ceo | OfficerTrustee | 40 | $305,322 |
Diane L Viera Executive VP & COO | Officer | 40 | $193,998 |
Jennifer Kent VP For Advancement | Officer | 40 | $157,933 |
David Dwiggins It Officer | 40 | $128,976 | |
Wendy E Gus Director Of Finance | Officer | 40 | $127,615 |
Deborah L Allinson Second Vice-Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mj Mawn Inc Construction Services | 3/30/22 | $329,740 |
Nadaaa Inc Architectural Design | 3/30/22 | $146,025 |
Red River Technology Llc It Consulting | 3/30/22 | $117,592 |
Murray Masonry & More Construction Services | 3/30/22 | $127,397 |
Almar Llc Construction Services | 3/30/22 | $139,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $463,846 |
| Fundraising events | $1,217,746 |
| Related organizations | $0 |
| Government grants | $2,836,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,972,006 |
| Noncash contributions included in lines 1a–1f | $495,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,490,005 |
| Total Program Service Revenue | $546,712 |
| Investment income | $1,206,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,551 |
| Net Rental Income | $433,726 |
| Net Gain/Loss on Asset Sales | $11,824,719 |
| Net Income from Fundraising Events | -$237,191 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$197,922 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,101,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,141 |
| 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. | $784,868 |
| Compensation of current officers, directors, key employees. | $346,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,309,079 |
| Pension plan accruals and contributions | $205,825 |
| Other employee benefits | $736,506 |
| Payroll taxes | $429,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,853 |
| Fees for services: Accounting | $55,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $601,686 |
| Fees for services: Other | $54,175 |
| Advertising and promotion | $187,577 |
| Office expenses | $449,330 |
| Information technology | $419,496 |
| Royalties | $0 |
| Occupancy | $610,347 |
| Travel | $144,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,233 |
| Interest | $50,027 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $570,969 |
| Insurance | $214,443 |
| All other expenses | -$185,059 |
| Total functional expenses | $16,333,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,207,985 |
| Pledges and grants receivable | $1,466,551 |
| Accounts receivable, net | $2,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,829 |
| Prepaid expenses and deferred charges | $215,306 |
| Net Land, buildings, and equipment | $7,802,547 |
| Investments—publicly traded securities | $124,663,200 |
| Investments—other securities | $11,411,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,060,369 |
| Total assets | $149,018,347 |
| Accounts payable and accrued expenses | $2,892,011 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,347,514 |
| 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 | $507,686 |
| Total liabilities | $4,747,211 |
| Net assets without donor restrictions | $27,485,536 |
| Net assets with donor restrictions | $116,785,600 |
| 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 | $149,018,347 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Society For The Preservation Of New England Antiquities Inc has recieved totaling $42,481.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $26,090 |
A Caring Community Kittery, ME PURPOSE: GENERAL SUPPORT | $8,391 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support | $8,000 |
Endowment Analysis
| Beg. Balance | $103,220,697 |
| Earnings | -$533,301 |
| Net Contributions | $1,505,963 |
| Other Expense | $5,278,538 |
| Ending Balance | $98,914,821 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |
Fenimore Art Museum New York, NY | $63,527,114 | $3,838,046 |
Farmers Museum Inc New York, NY | $82,300,614 | $4,849,865 |