Colony Memorial
- Assets
- $3.8m
- Revenue
- $330.1k
- Investments
- $3.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1978
- Data as of
- 12/2021
- EIN
- 04-2633276
Organization Overview
Colony Memorial is located in Boston, MA. The organization was established in 1978. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Colony Memorial 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, Colony Memorial generated $330.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $192.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLONY MEMORIAL MAINTAINS AND OPERATES A MUSEUM AND NATURE PRESERVE FOR THE GENERAL PUBLIC. (SEE PART I, COL D.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joslin Kimball Frank Co-Trustee | 20 | $10,000 | |
Jane Stabler Co-Trustee | 10 | $5,000 | |
Nick Colony Co-Trustee | 5 | $3,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ropes & Gray Llp | 12/30/17 | $30,505 |
Ropes & Gray Llp | 12/30/17 | $20,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $593 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $219,586 |
| Capital Gain Net Income | $219,586 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $330,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,750 |
| Other employee salaries and wages | $58,466 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,447 |
| Total operating and administrative expenses | $192,155 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $192,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,813 |
| Savings and temporary cash investments | $96,648 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $338,778 |
| Other assets | $4,500 |
| Total assets | $3,773,112 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |