Fairbanks Family In America Inc
- Assets
- $1.4m
- Revenue
- $283.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Dedham, MA
- Founding
- 03/1972
- Data as of
- 06/2021
- EIN
- 23-7168833
Organization Overview
Fairbanks Family In America Inc is located in Dedham, MA. The organization was established in 1972. 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 06/2021, Fairbanks Family In America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Family In America 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 06/2021, Fairbanks Family In America Inc generated $283.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $116.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF HISTORICAL SITE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRBANKS FAMILY HISTORICAL SITE - PRESERVATION HISTORICAL SITE FOR THE BENEFIT OF PUBLIC TOURS, GIVEN DAILY - MAY THROUGH OCTOBER
FAIRBANKS FAMILY HISTORICAL SITE - PRESERVATION HISTORICAL SITE FOR THE BENEFIT OF PUBLIC TOURS, GIVEN DAILY - MAY THROUGH OCTOBER
FAIRBANKS FAMILY HISTORICAL SITE - PRESERVATION HISTORICAL SITE FOR THE BENEFIT OF PUBLIC TOURS, GIVEN DAILY - MAY THROUGH OCTOBER
FAIRBANKS FAMILY HISTORICAL SITE - PRESERVATION HISTORICAL SITE FOR THE BENEFIT OF PUBLIC TOURS, GIVEN DAILY - MAY THROUGH OCTOBER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Powell Secretary | OfficerTrustee | $0 | |
Justin Schlesinger V.P. | OfficerTrustee | $0 | |
Bettina Blood President | OfficerTrustee | $0 | |
Deborah Fairbank-Hurtig Treasurer | OfficerTrustee | $0 | |
Lynn Fairbank Director | Trustee | $0 | |
Jonathan Fairbanks Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,725 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,838 |
| Noncash contributions included in lines 1a–1f | $23,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,563 |
| Total Program Service Revenue | $9,632 |
| Investment income | $38,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283,307 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,775 |
| Fees for services: Accounting | $10,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,351 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,032 |
| Office expenses | $853 |
| Information technology | $1,522 |
| Royalties | $0 |
| Occupancy | $16,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,580 |
| Insurance | $10,764 |
| All other expenses | $4,497 |
| Total functional expenses | $116,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,820 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $260,894 |
| Investments—publicly traded securities | $776,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,069 |
| Total assets | $1,364,538 |
| Accounts payable and accrued expenses | $0 |
| 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 | $50 |
| Total liabilities | $50 |
| Net assets without donor restrictions | $1,364,488 |
| 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 | $1,364,538 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fairbanks Family In America Inc has recieved totaling $12,784.
| Awarding Organization | Amount |
|---|---|
Dedham Institution For Savings Foundationa Boston, MA PURPOSE: TO FUND PRESERVATION | $10,000 |
Fairbanks-Horix Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |