Fruitlands Museums Inc
- Assets
- $22.5m
- Revenue
- $522.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1994
- Data as of
- 03/2022
- EIN
- 04-2125003
Organization Overview
Fruitlands Museums Inc is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fruitlands Museums Inc 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, Fruitlands Museums Inc generated $522.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $1.2m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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
TO INSPIRE AND EDUCATE THROUGH ART, NATURE AND HISTORY.
Describe the Organization's Program Activity:
FRUITLANDS IS A UNIQUE GATHERING PLACE THAT BUILDS CONNECTIONS BETWEEN NATURE, PEOPLE, AND CULTURE BY OFFERING ENGAGING PROGRAMS AND EXHIBITS. FRUITLANDS HAS APPROXIMATELY 28,000 VISITORS ANNUALLY. FRUITLANDS HOSTED 14,300 PROGRAM PARTICIPANTS THROUGH A SIGNIFICANT EDUCATIONAL SCHOOL GROUP PROGRAM AND PUBLIC PROGRAM. THE FRUITLANDS COLLECTION HAS OVER 9,000 OBJECTS, 570 PAINTINGS, MORE THAN 30 LINEAR FEET OF ARCHIVES, AND OVER 2,000 BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beryl Jolly Clerk | OfficerTrustee | 10 | $0 |
Jocelyn Forbush President (until 3/31/22) | OfficerTrustee | 10 | $0 |
Paul Leech Treasurer | OfficerTrustee | 10 | $0 |
Michael Busack Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,767 |
| Total Program Service Revenue | $203,711 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $259,056 |
| Net Gain/Loss on Asset Sales | $9,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,841 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $438,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,728 |
| Payroll taxes | $53,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,598 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,794 |
| Advertising and promotion | $4,227 |
| Office expenses | $0 |
| Information technology | $7,614 |
| Royalties | $0 |
| Occupancy | $90,616 |
| Travel | $9,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,512 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,869 |
| Insurance | $0 |
| All other expenses | $5,497 |
| Total functional expenses | $1,167,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,404,013 |
| Savings and temporary cash investments | $0 |
| 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 | $13,274 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $810,939 |
| Investments—publicly traded securities | $761,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,502,191 |
| Total assets | $22,497,244 |
| Accounts payable and accrued expenses | $155 |
| Grants payable | $0 |
| Deferred revenue | $9,518 |
| 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 | $1,746,593 |
| Total liabilities | $1,756,266 |
| Net assets without donor restrictions | $1,355,140 |
| Net assets with donor restrictions | $19,385,838 |
| 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 | $22,497,244 |
Endowment Analysis
| Beg. Balance | $19,262,702 |
| Earnings | $805,985 |
| Admin Expense | $24,723 |
| Other Expense | $541,713 |
| Ending Balance | $19,502,251 |
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 |