Trust For The National Mall
- Assets
- $50.9m
- Revenue
- $38.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Washington, DC
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 30-0080738
Organization Overview
Trust For The National Mall is located in Washington, DC. The organization was established in 2002. 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, Trust For The National Mall employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trust For The National Mall 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, Trust For The National Mall generated $38.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $4.6m during the year ending 12/2021. 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION AND SUSTAINABILITY CONSISTS OF ACTIVITIES TO BRING PRIVATE FUNDING AND IN-KIND SUPPORT, EXPERTISE AND ACTIVE PROJECT MANAGEMENT TO SELECT MONUMENTS, MEMORIALS, HISTORIC FACILITIES AND LANDSCAPES ON THE NATIONAL MALL. IN 2019, THE TRUST CONTINUED WORK ON THE GEORGE MASON MEMORIAL, THE LOCKKEEPER'S HOUSE, THE GERMAN-AMERICAN FRIENDSHIP GARDEN, THE TIDAL BASIN IDEAS LAB, THE CHERRY TREE ENDOWMENT, AND THE U.S. PARK POLICE HORSE STABLES RESTORATION PROJECT. ACTIVITIES ALSO INCLUDED A SITE ON THE GROUNDS OF PRESIDENT'S PARK.
PUBLIC AWARENESS, ENGAGEMENT AND EDUCATION CONSISTS OF PARTNERSHIPS AND ACTIVITIES TO CONNECT VISITORS TO THE NATIONAL MALL'S RICH HISTORY, DEVELOPING ENGAGING PROGRAMS, VOLUNTEER INITIATIVES, AND EVENTS THAT WILL EDUCATE AND INSPIRE CURRENT AND FUTURE STEWARDS OF THE NATIONAL MALL. IN 2019, THE TRUST BEGAN DEVELOPMENT TO ENHANCE THE VOLUNTEER-IN-PARKS PROGRAM AND DESIGNED A PILOT EDUCATIONAL ENGAGMENT PROGRAM TITLED, MARCH ON: THE ROLE OF FREE SPEECH ON THE NATIONAL MALL.
VOLUNTEER PROGRAMS CONSISTS OF ACTIVITIES AND FUNDING TO SUPPORT THE VOLUNTEERS IN PARKS (VIP) PROGRAM OF THE NATIONAL PARK SERVICE AND COORDINATE THE TRUST SERVICE DAY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine J Townsend President | OfficerTrustee | 40 | $242,072 |
Teresa Durkin Executive Vice President | Officer | 40 | $208,105 |
Timothy S Saunders VP Of Philanthropy | 40 | $173,447 | |
Eduard Krakhmalnikov Dir. Of Public Engagement Programs | 40 | $113,702 | |
John E Akridge III Chairman | OfficerTrustee | 5 | $0 |
Honorable Craig Stapleton Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lf Jennings Inc Construction & Project Management | 12/30/21 | $805,156 |
Persimmon Grove Llc Construction & Project Management | 12/30/21 | $348,713 |
Vault Consulting Accounting Services | 12/30/21 | $129,365 |
Alpha Corporation Construction & Project Management | 12/30/21 | $157,092 |
Striv3 Marketing & Creative Design | 12/30/21 | $107,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,986 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,341,216 |
| Noncash contributions included in lines 1a–1f | $1,118,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,837,202 |
| Total Program Service Revenue | $0 |
| Investment income | $15,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,863,743 |
| 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. | $510,792 |
| Compensation of current officers, directors, key employees. | $102,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $725,462 |
| Pension plan accruals and contributions | $23,513 |
| Other employee benefits | $58,082 |
| Payroll taxes | $87,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,048 |
| Fees for services: Accounting | $172,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,572 |
| Advertising and promotion | $17,637 |
| Office expenses | $163,032 |
| Information technology | $38,277 |
| Royalties | $0 |
| Occupancy | $263,665 |
| Travel | $1,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,168 |
| Interest | $79,089 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,881 |
| Insurance | $11,723 |
| All other expenses | $17,251 |
| Total functional expenses | $4,639,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,926,922 |
| Savings and temporary cash investments | $4,156,009 |
| Pledges and grants receivable | $29,706,611 |
| Accounts receivable, net | $165 |
| 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 | $51,891 |
| Net Land, buildings, and equipment | $11,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,852,844 |
| Accounts payable and accrued expenses | $1,321,079 |
| 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 | $1,977,233 |
| Unsecured mortgages and notes payable | $219,677 |
| Other liabilities | $34,669 |
| Total liabilities | $3,552,658 |
| Net assets without donor restrictions | -$1,263,712 |
| Net assets with donor restrictions | $48,563,898 |
| 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 | $50,852,844 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trust For The National Mall has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Charles B Preacher Foundation Omaha, NE PURPOSE: RESTORATION OF MUSEUM | $2,500 |
Endowment Analysis
| Beg. Balance | $533,828 |
| Earnings | $184 |
| Net Contributions | $61,796 |
| Other Expense | $6,180 |
| Ending Balance | $589,628 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
American Historical Association Washington, DC | $10,775,431 | $4,710,138 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |