Friends Of Linden Place
- Assets
- $4.8m
- Revenue
- $503.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Bristol, RI
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 05-0435741
Organization Overview
Friends Of Linden Place is located in Bristol, RI. The organization was established in 1988. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Friends Of Linden Place employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Linden Place 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 12/2022, Friends Of Linden Place generated $503.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $420.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
TO PRESERVE AND RESTORE ITS TREASURED HISTORIC PROPERTY AND TO ENSURE ITS PUBLIC ACCESSIBILITY BY DEVELOPING A PROGRAM OF USES THAT WILL ENHANCE THE ARTISTIC, CULTURAL, AND EDUCATION LIFE OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATORIAL AND CONSERVATION PROGRAMS TO CARRY OUT THE MISSION OF THE ORGANIZATION THROUGH USE OF ITS VENUE FOR WEDDINGS AND EVENTS, CONCERTS, TOURS, LECTURES AND CULTURAL CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Battle Executive Di | Trustee | 40 | $72,195 |
Linda Dubois President | OfficerTrustee | 2 | $0 |
Charles Millard Vice Preside | OfficerTrustee | 2 | $0 |
Garry Holmstrom Treasurer | OfficerTrustee | 2 | $0 |
Ralph Kinder Secretary | OfficerTrustee | 2 | $0 |
Bern Altman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,421 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,054 |
| Total Program Service Revenue | $249,668 |
| Investment income | $26,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,712 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,233 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $503,532 |
| 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. | $72,195 |
| Compensation of current officers, directors, key employees. | $14,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,910 |
| Payroll taxes | $13,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,999 |
| Fees for services: Other | $3,220 |
| Advertising and promotion | $7,892 |
| Office expenses | $9,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,259 |
| 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 | $25,088 |
| Insurance | $23,465 |
| All other expenses | $11,691 |
| Total functional expenses | $420,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,018 |
| Savings and temporary cash investments | $0 |
| 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 | $3,782 |
| Prepaid expenses and deferred charges | $6,973 |
| Net Land, buildings, and equipment | $486,551 |
| Investments—publicly traded securities | $1,213,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,772,363 |
| Total assets | $4,795,563 |
| Accounts payable and accrued expenses | $13,264 |
| 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 | $72,972 |
| Total liabilities | $86,236 |
| Net assets without donor restrictions | $3,662,327 |
| Net assets with donor restrictions | $1,047,000 |
| 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 | $4,795,563 |