Freedoms Way Heritage Association
- Assets
- $463.8k
- Revenue
- $421.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Devens, MA
- Founding
- 11/1995
- Data as of
- 09/2023
- EIN
- 04-3219394
Organization Overview
Freedoms Way Heritage Association is located in Devens, MA. The organization was established in 1995. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 09/2023, Freedoms Way Heritage Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedoms Way Heritage Association 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 09/2023, Freedoms Way Heritage Association generated $421.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $384.2k during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FREEDOM'S WAY NATIONAL HERITAGE AREA CONNECTS THE PEOPLE, PLACES, AND COMMUNITIES OF THE HERITAGE AREA THROUGH PRESERVATION, CONSERVATION, AND EDUCATIONAL INTIATIVES TO PROTECT AND PROMOTE OUR SHARED RESOURCES AND ENCOURAGE RESIDENTS AND VISITORS TO EXPLORE OUR LANDSCAPE, HISTORY, AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOMPASSING 45 COMMUNITIES IN NORTH CENTRAL MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE, FREEDOM'S WAY HERITAGE AREA (FWNHA) WAS ESTABLISHED BY CONGRESS IN 2009 TO FOSTER A CLOSE WORKING RELATIONSHIP BETWEEN LOCAL AND REGIONAL PARTNERS, GOVERNMENTAL AGENCIES AND THE PRIVATE SECTOR TO PRESERVE THE SPECIAL HISTORIC IDENTITY OF THE REGION.FREEDOM'S WAY CONNECTS THE PEOPLE, PLACES, AND COMMUNITIES OF THE HERITAGE AREA THROUGH PRESERVATION, CONSERVATION, AND EDUCATIONAL INITIIATIVES THAT PROTECT AND PROMOTE THE REGION'S NATURAL, CULTURAL, AND HISTORIC RESOURCES. THE ORGANIZATION WORKS IN PARTNERSHIP WITH THE NATIONAL PARK SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Fonda President | OfficerTrustee | 5 | $0 |
Franca Barricelli Clerk | OfficerTrustee | 2 | $0 |
Kara Fossey Treasurer | OfficerTrustee | 2 | $0 |
Peter Lowitt Director | Trustee | 2 | $0 |
William Ludt Director | Trustee | 2 | $0 |
Sally Purrington Hild Former Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $389,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,833 |
| Total Program Service Revenue | $0 |
| Investment income | $9,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,763 |
| 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. | $124,395 |
| Compensation of current officers, directors, key employees. | $21,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,815 |
| Fees for services: Accounting | $13,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,893 |
| Advertising and promotion | $608 |
| Office expenses | $13,923 |
| Information technology | $7,520 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $963 |
| Insurance | $2,645 |
| All other expenses | $0 |
| Total functional expenses | $384,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,919 |
| Savings and temporary cash investments | $422,283 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $5,598 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $463,800 |
| Accounts payable and accrued expenses | $20,464 |
| 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 | $20,464 |
| Net assets without donor restrictions | $443,336 |
| Net assets with donor restrictions | $0 |
| 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 | $463,800 |
Grants Awarded
Over the last fiscal year, Freedoms Way Heritage Association has awarded $10,549 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORD ANTIQUARIAN SOCIETY INC PURPOSE: STRATEGIC PARTNERSHIP GRANTS - GRANTS TO HELP SUPPORT DIFFERENT HISTORICAL EXHIBITS. | $5,500 |
MINUTE MAN NATIONAL PARK ASSOCIATION INC PURPOSE: STRATEGIC PARTNERSHIP GRANTS - GRANTS TO HELP SUPPORT DIFFERENT HISTORICAL PROJECTS AND EVENTS. | $5,049 |