Mary M B Wakefield Charitable Trust
- Assets
- $21.5m
- Revenue
- $512.4k
- Investments
- $13.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2005
- Data as of
- 12/2020
- EIN
- 04-6076048
Organization Overview
Mary M B Wakefield Charitable Trust is located in Boston, MA. The organization was established in 2005. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary M B Wakefield Charitable Trust 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 12/2020, Mary M B Wakefield Charitable Trust generated $512.4k 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 (24.3%) each year. All expenses for the organization totaled $706.7k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT LAND CONSERVATION AND HISTORICAL HOUSE PRESERVATION.
DIRECT & INDIRECT OPERATING AND ADMIN EXPENSES FOR CHARITABLE ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon C Barrett Trustee | 4 | $0 | |
Nathalie S Binney Trustee | 1 | $0 | |
William R Hearty Trustee | 1 | $0 | |
Mark Smith Executive Director | 40 | $146,238 | |
Deborah Merriam Grounds Super | 40 | $74,199 | |
Erica Max Educ Dir | 40 | $57,129 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sippican Capital Advisors Llc | 12/30/19 | $73,427 |
Russell Brier & Co Llp | 12/30/19 | $35,882 |
Gt Reilly & Company | 12/30/19 | $18,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,666 |
| Interest on Savings | $0 |
| Dividends & Interest | $515,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34,679 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $512,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,657 |
| Other employee salaries and wages | $177,741 |
| Pension plans, employee benefits | $60,360 |
| Interest | $0 |
| Taxes | $40,208 |
| Depreciation | $100,935 |
| Occupancy | $21,329 |
| Travel, conferences, and meetings | $424 |
| Printing and publications | $0 |
| Other expenses | $72,438 |
| Total operating and administrative expenses | $706,741 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $706,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,720 |
| Savings and temporary cash investments | $0 |
| 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 | $10,326 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $753,892 |
| Net Land, buildings, and equipment | $7,594,901 |
| Other assets | $12,762 |
| Total assets | $21,526,155 |
| 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 | $68,200 |
| Total liabilities | $68,200 |