Edith Wharton Restoration Inc

Organization Overview

Edith Wharton Restoration Inc is located in Lenox, MA. The organization was established in 1979. 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 03/2024, Edith Wharton Restoration Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edith Wharton Restoration 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 03/2021, Edith Wharton Restoration Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.3%) each year. All expenses for the organization totaled $2.5m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MOUNT IS BOTH A HISTORIC SITE AND A CENTER FOR CULTURE INSPIRED BY ITS CREATOR, EDITH WHARTON. IT WELCOMES MORE THAN 70,000 VISITORS ANNUALLY WHO COME TO TOUR THE ESTATE OR ATTEND ONE OF THE MANY READINGS, LECTURES, PERFORMANCES OR OTHER PROGRAMS THAT THE ORGANIZATION OFFERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM COSTS INCLUDE ALL SALARIES AND RELATED COSTS OF THOSE INVOLVED WITH PROVIDING TOURS AND PRODUCING CULTURAL PROGRAMMING. ALL COSTS RELATED TO THE ON-GOING MAINTENANCE OF THE PROPERTY AND RELATED TO THE TOUR AND PROGRAM FUNCTIONS ARE CONSIDERED PROGRAM COSTS.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Wissler
Executive Director
$170,370
Daniel Kasper
Chair
$0
Mary Copeland
Clerk
$0
Robert Salerno
Treasurer
$0
Gail Kitch
Trustee
$0
Gale Arnold
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,792,776
Investment income $62,028
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$1,537
Net Gain/Loss on Asset Sales $3,915
Net Income from Fundraising Events $10,640
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $76,180
Miscellaneous Revenue$0
Total Revenue $3,306,294

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