Captain Forbes House Museum
- Assets
- $2.6m
- Revenue
- $408.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Milton, MA
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 04-6516086
Organization Overview
Captain Forbes House Museum is located in Milton, MA. The organization was established in 1985. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Captain Forbes House Museum employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Captain Forbes House Museum 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 06/2022, Captain Forbes House Museum generated $408.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $517.6k during the year ending 06/2022. While expenses have increased by 14.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED BY THE FORBES FAMILY LEGACY OF ENTREPRENEURSHIP, SOCIAL ACTION AND PHILANTHROPY,THE FORBES HOUSE MUSEUM FOSTERS DISCOURSE AROUND CIVIC ENGAGEMENT AND CULTURAL AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS, EXHIBITIONS AND EVENTS. THE MUSEUM IS OPEN TO THEPUBLIC FOR VIEWING AND TOURS CREATING A NEW EDUCATION CENTER FOR THECOMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Vaughan Executive Dir. | Trustee | 40 | $62,124 |
Gillian A Najarian Chairman | Trustee | 0 | $0 |
Robert P Forbes PHD Trustee | Trustee | 0 | $0 |
Tom Grant Trustee | Trustee | 0 | $0 |
Denise Gilardone Co-Chair | Trustee | 0 | $0 |
Jeff Chatlos Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,166 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,013 |
| Total Program Service Revenue | $9,017 |
| Investment income | $37,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$808 |
| Net Income from Fundraising Events | $48,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,004 |
| 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. | $62,124 |
| Compensation of current officers, directors, key employees. | $12,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,091 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,256 |
| Advertising and promotion | $0 |
| Office expenses | $9,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,519 |
| Insurance | $12,786 |
| All other expenses | $18,167 |
| Total functional expenses | $517,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,973 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $957 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $873,358 |
| Investments—publicly traded securities | $1,562,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,827 |
| Total assets | $2,557,337 |
| Accounts payable and accrued expenses | $15,949 |
| 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 | $15,949 |
| Net assets without donor restrictions | $2,240,842 |
| Net assets with donor restrictions | $300,546 |
| 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 | $2,557,337 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Captain Forbes House Museum has recieved totaling $6,983.
| Awarding Organization | Amount |
|---|---|
Master Wardens & Members Of Masons In Mass Boston, MA PURPOSE: PURCHASE OF PROTECTIVE DISPLAY CASES FOR EXHIBIT | $5,988 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
South Shore Bank Charitable Foundation Inc South Weymouth, MA PURPOSE: EXEMPT PURPOSE | $240 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $300,546 |
| Ending Balance | $300,546 |
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 |