Methuen Festival Of Trees Inc
- Assets
- $365.4k
- Revenue
- $221.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Methuen, MA
- Founding
- 07/2003
- Data as of
- 04/2024
- EIN
- 30-0136224
Organization Overview
Methuen Festival Of Trees Inc is located in Methuen, MA. The organization was established in 2003. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methuen Festival Of Trees 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 04/2024, Methuen Festival Of Trees Inc generated $221.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $187.2k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Methuen Festival Of Trees Inc has awarded 55 individual grants totaling $540,331. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SINCE 1994, THE METHUEN FESTIVAL OF TREES HAS CONTRIBUTED TO HISTORIC PRESERVATION PROJECTS WITH NEARLY 60 PRESERVATION PARTNERS IN 25 COMMUNITIES. THESE PROJECTS DEMONSTRATE THE SIGNIFICANT IMPACT THE FESTIVAL HAS ACHIVED TO PRESERVE UNIQUE TREASURES THROUGHOUT THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESTORATION OF BUILDINGS AND FURNISHINGS IN THE GREATER MERRIMACK VALLEY.
TO PROVIDE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Lussier President | OfficerTrustee | 16 | $0 |
Rose Maria Redman Vice President | OfficerTrustee | 10 | $0 |
Derek Marchand Treasurer | OfficerTrustee | 12 | $0 |
Gina Lannan Secretary | OfficerTrustee | 5 | $0 |
Greg Blomgren Director | Trustee | 5 | $0 |
William Cox Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $361,371 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,371 |
| Total Program Service Revenue | $0 |
| Investment income | $510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$194,470 |
| Net Income from Gaming Activities | $36,263 |
| Net Income from Sales of Inventory | $16,639 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,656 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,191 |
| Office expenses | $18,721 |
| Information technology | $5,619 |
| Royalties | $0 |
| Occupancy | $43,161 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,451 |
| Insurance | $4,103 |
| All other expenses | $7,500 |
| Total functional expenses | $187,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,916 |
| Savings and temporary cash investments | $183,348 |
| 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 | $2,066 |
| Prepaid expenses and deferred charges | $22,354 |
| Net Land, buildings, and equipment | $7,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $365,384 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $365,384 |
| 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 | $365,384 |
Grants Awarded
Over the last fiscal year, Methuen Festival Of Trees Inc has awarded $78,656 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNITED BAPTIST CHURCH PURPOSE: REPAIRS OF HISTORIC BELL IN BUILDINGREPAIRS OF HISTORIC BELL IN BUILDINGREPAIRS OF HISTORIC BELL IN BUILDING | $5,340 |
HAMPSTEAD CONGREGATIONAL CHURCH PURPOSE: STEEPLE RESTORATION PROJECT | $10,000 |
METHUEN HISTORICAL SOCIETY PURPOSE: RESTORATION OF HISTORIC GRAVESTONES | $14,188 |
LOWELL PARKS & CONSERVATION TRUST PURPOSE: RESTORATION OF FRONT FAADE AND WINDOWSILLS | $5,378 |
NORTH PARISH OF NORTH ANDOVER PURPOSE: RESTORATION OF HISTORICAL WINDOWS | $8,750 |
WHISTLER HOUSE PURPOSE: RESTORATION OF ORIGINAL WINDOWS AND SHUTTERS | $10,000 |