Edward M Kennedy Institute For The United States Senate Inc
- Assets
- $123.5m
- Revenue
- $3.7m
- Investments
- $25.8m
- Employees
- 31
- Location
- Boston, MA
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 27-0963869
Organization Overview
Edward M Kennedy Institute For The United States Senate Inc is located in Boston, MA. The organization was established in 2009. 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 12/2021, Edward M Kennedy Institute For The United States Senate Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward M Kennedy Institute For The United States Senate 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 12/2021, Edward M Kennedy Institute For The United States Senate Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 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
THE EDWARD M. KENNEDY INSTITUTE IS A NONPARTISAN, CIVIC EDUCATION ORGANIZATION THAT ENGAGES STUDENTS AND VISITORS IN CONVERSATIONS ABOUT THE ESSENTIAL ROLE EACH PERSON PLAYS IN OUR DEMOCRACY AND IN OUR SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE OUR GRAND OPENING IN 2015, THE EDWARD M. KENNEDY INSTITUTE HAS OFFERED AWARD-WINNING, EXPERIENTIAL PROGRAMMING TO EDUCATE THE PUBLIC ABOUT OUR GOVERNMENT, TO ENCOURAGE CIVIL DISCOURSE, AND TO INSPIRE CIVIC ENGAGEMENT. IN RECENT YEARS, MORE THAN 20,000 STUDENTS AND ADULTS PARTICIPATED IN OUR INTERACTIVE PROGRAMS. IN 2021, AS A RESULT OF THE ONGOING GLOBAL PANDEMIC, WE CONTINUED TO OFFER THESE EXPERIENCES VIRTUALLY AND THOUSANDS OF STUDENTS AND ADULTS PARTICIPATED; AND IN THE FALL OF 2021, WE REOPENED TO IN-PERSON STUDENT GROUPS. WE ALSO CONTINUED TO DEVELOP THE PROGRAM NAMED "CIVIC CONVERSATIONS," ASSISTING 8TH THROUGH 12TH GRADE TEACHERS IN ACQUIRING THE SKILLS NECESSARY TO LEAD PRODUCTIVE CLASSROOM DISCUSSIONS ON DIFFICULT PUBLIC POLICY ISSUES. WE ALSO OPENED A NEW EXHIBIT CALLED 'STANDING UP FOR DEMOCRACY' FOCUSED ON HOW VOTING WORKS AND SENATOR KENNEDY'S EFFORTS ON THE IMPORTANT ISSUE OF VOTING RIGHTS IN THIS COUNTRY DURING HIS 47 YEAR CAREER IN THE SENATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Angel Burke VP Of Education | 36 | $133,785 | |
Eileen Driscoll Cape House Project Manager | 36 | $105,616 | |
Bruce Percelay Board Chair/treasurer/director | OfficerTrustee | 5 | $0 |
William Mo Cowan Treasurer/director | OfficerTrustee | 2 | $0 |
Victoria Reggie Kennedy Board President/director (to 11/21) | OfficerTrustee | 5 | $0 |
Andrew Card Jr Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Denterlein Consulting Public Relations | 12/30/21 | $134,330 |
Interim Executive Solutions Ed, And Cfo Services | 12/30/21 | $310,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $603,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,360,679 |
| Total Program Service Revenue | $9,841 |
| Investment income | $305,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,362,228 |
| Net Income from Fundraising Events | $684,892 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,733,081 |
| 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 | $994,295 |
| Pension plan accruals and contributions | $22,943 |
| Other employee benefits | $106,651 |
| Payroll taxes | $96,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $213,437 |
| Fees for services: Lobbying | $150,110 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $255,773 |
| Fees for services: Other | $467,459 |
| Advertising and promotion | $237,790 |
| Office expenses | $103,358 |
| Information technology | $86,120 |
| Royalties | $0 |
| Occupancy | $1,626,827 |
| Travel | $840 |
| 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 | $1,351,630 |
| Insurance | $120,691 |
| All other expenses | $0 |
| Total functional expenses | $5,833,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,371,690 |
| Savings and temporary cash investments | $10,066 |
| Pledges and grants receivable | $135,000 |
| Accounts receivable, net | $271,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,439 |
| Prepaid expenses and deferred charges | $71,577 |
| Net Land, buildings, and equipment | $17,008,111 |
| Investments—publicly traded securities | $10,339,132 |
| Investments—other securities | $25,828,986 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,460,145 |
| Total assets | $123,530,650 |
| Accounts payable and accrued expenses | $209,167 |
| Grants payable | $0 |
| Deferred revenue | $110,240 |
| 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 | $677,137 |
| Other liabilities | $56,942,376 |
| Total liabilities | $57,938,920 |
| Net assets without donor restrictions | $37,160,947 |
| Net assets with donor restrictions | $28,430,783 |
| 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 | $123,530,650 |
Grants Awarded
Over the last fiscal year, Edward M Kennedy Institute For The United States Senate Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hyannis, MA PURPOSE: CHARITABLE DONATION | $5,000 |
Boston, MA PURPOSE: CHARITABLE DONATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Edward M Kennedy Institute For The United States Senate Inc has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $25,000 |
Martin W Richard Charitable Dorchester, MA PURPOSE: UNRESTRICTED | $10,000 |
Highland Street Connection Newton, MA PURPOSE: FOR ARTS AND CULTURE. | $1,000 |
Endowment Analysis
| Beg. Balance | $22,452,417 |
| Earnings | $3,408,815 |
| Other Expense | $1,064,270 |
| Ending Balance | $24,796,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |