Thomas Jefferson Memorial Center Inc
- Assets
- $48.7k
- Revenue
- $89.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-3458483
Organization Overview
Thomas Jefferson Memorial Center Inc is located in Beverly, MA. The organization was established in 2012. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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. Thomas Jefferson Memorial Center 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 12/2022, Thomas Jefferson Memorial Center Inc generated $89.0 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 (70.1%) each year. All expenses for the organization totaled $1.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER SERVES BOTH THE PUBLIC AND SCHOLARLY COMMUNITY AS A GATHERING PLACE FOR THE STUDY AND DISCUSSION OF THE EARLY AMERICAN REPUBLIC (1776-1861). THE CENTER OWNED AND OPERATED A GEORGIAN STYLE RESIDENCE, FURNISHED WITH PERIOD FINE AND DECORATIVE ARTS, SITUATED ON 15 COASTAL ACRES OF WOODLANDS, LAWNS, AND GARDENS 33 MILES NORTHEAST OF BOSTON IN MANCHESTER, MASSACHUSETTS UNTIL IT GRANTED THE PROPERTY TO HISTORIC NEW ENGLAND ON APRIL 21, 2016. THE CENTER LEASES THE PROPERTY FROM HNE NOW AND SEEKS TO PARTNER WITH OTHER ORGANIZATIONS TO USE THE PROPERTY IN WAYS WHICH ARE CONSISTENT WITH THE OBJECTIVES OF THE CENTER, PROVIDING A CONDUCIVE ENVIRONMENT FOR THESE ORGANIZATIONS TO FOSTER EDUCATIONAL PROGRAMS AND DISCUSSION BETWEEN AND AMONG (1)SCHOLARS, (2)PRIMARY AND SECONDARY SCHOOL TEACHERS IN THE FIELDS OF HISTORY AND OTHER AREAS AND (3) THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine C Lastavica President/director | 0.1 | $0 | |
Hugh L Warren Treasurer/director | 0 | $0 | |
John Glovsky Clerk/director | 0 | $0 | |
Joseph Christian Director | 0 | $0 | |
Elizabeth Mulholland Director | 0 | $0 | |
William R Cross Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sullivan & Worcester Llp | 12/30/16 | $68,776 |
Day Pitney Llp | 12/30/16 | $242,432 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $89 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $179 |
| Total operating and administrative expenses | $1,738 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,565 |
| Savings and temporary cash investments | $96 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $48,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |
Fenimore Art Museum New York, NY | $63,527,114 | $3,838,046 |
Farmers Museum Inc New York, NY | $82,300,614 | $4,849,865 |
Scottish Rite Masonic Museum & Library Inc Lexington, MA | $63,564,259 | $9,227,595 |
Strawbery Banke Museum Portsmouth, NH | $20,097,430 | $6,235,476 |
Audrain Automobile Museum Inc Newport, RI | $3,719,380 | $2,562,395 |
General Society Of Mayflower Descendants Plymouth, MA | $8,416,506 | $2,797,450 |
The Long Island Museum Of American Art History & Carriages Stony Brook, NY | $25,489,639 | $2,528,641 |