Collings Foundation Inc
- Assets
- $116.0m
- Revenue
- $28.4m
- Investments
- $5.2k
- Employees
- 0
- Location
- Hudson, MA
- Founding
- 03/2016
- Data as of
- 11/2023
- EIN
- 47-1954671
Organization Overview
Collings Foundation Inc is located in Hudson, MA. The organization was established in 2016. 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. Collings Foundation 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 11/2023, Collings Foundation Inc generated $28.4m in total revenue. All expenses for the organization totaled $3.4m during the year ending 11/2023. While expenses have increased by 93.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE THE AMERICAN HERITAGE MUSEUM, WHICH PRESERVES, RESTORES AND PRESENTS HISTORICAL ARTIFACTS FOR THE PURPOSE OF HONORING VETERANS AND EDUCATING THE GENERAL PUBLIC. IN ADDITION, THE FOUNDATION AND THE MUSEUM PARTICIPATE IN LIVING HISTORY EVENTS TO OPERATE THE ARTIFACTS AND PRESENT THEM TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN HERITAGE MUSEUM WAS OPEN TO THE PUBLIC. THIS FACILITY HOUSES ONE OF THE WORLD'S LARGEST COLLECTIONS OF ARMORED VEHICLES AND TANKS, ALL DISPLAYED IN UNIQUE DIARAMAS AND DISPLAYS. THE MUSEUM INCLUDES EXHIBITS COVERING FROM THE REVOLUTIONARY WAR RIGHT UP TO CURRENT TIMES, INCLUDING A WORLD WAR I TRENCH EXPERIENCE, THE CLASH OF STEEL EXHIBITION, THE HANOI HILTON AND A HOLOCAUST RAILCAR. A GIFT SHOP IS ALSO AVAILABLE FOR THE PUBLIC TO PURCHASE ITEMS WHICH PROMOTE THE ORGANIZATION'S MISSION AND AMERICAN HISTORY. APPROXIMATELY 54,804 PEOPLE ATTENDED THE MUSEUM DURING THE YEAR.
THE FOUNDATION HOSTED ADDITIONAL PUBLIC EVENTS, SUCH AS "FATHERS DAY WEEKEND OPEN HOUSE", "WORLD WAR I AVIATION WEEKEND", AND A REVOLUTIONARY WAR EVENT. IN ADDITION, THE FOUNDATION RENTED OUT ITS FACILITY FOR MULTIPLE PRIVATE EVENTS DURING THE YEAR. IT ALSO ALLOWED THE USE OF ITS VEHICLES IN A MILITARY PARADES. IN ADDITION, SOME CHARITABLE CONTRIBUTIONS WERE MADE AND SOME COLLEGE SCHOLARSHIPS AWARDED. BASED ON MERIT.
"BATTLE FOR THE AIRFIELD" - THIS COLUMBUS DAY WEEKEND EVENT FEATURED APPROXIMATELY 300 RE-ENACTORS. THE ENTIRE PROPERTY IN HUDSON/STOW WAS OPEN: THE AUTOMOBILE COLLECTION, FOUNDATION AIRPLANE HANGAR, AND THE AMERICAN HERITAGE MUSEUM. FULLY RESTORED MILITARY EQUIPMENT OF ALL KINDS WERE ON DISPLAY. CAMPS WERE SET UP WITH AUTHENTIC MATERIALS AND APPEARANCE. RE-ENACTORS ACTED AS DOCENTS AND SHARED A WEALTH OF INFORMATION ABOUT LIFE AS A MEMBER OF THE MILITARY. VETERANS FROM ALL RANKS AND BRANCHES OF THE SERVICE PARTICIPATED IN DISCUSSIONS AROUND EACH ENCAMPMENT. APPROXIMATELY 4,936 INDIVIDUALS ATTENDED THIS EVENT.
THE FOUNDATION OFFERED TO THE PUBLIC THE OPPORTUNITY TO DRIVE OR RIDE IN A TANK. APPROXIMATELY 920 INDIVIDUALS TOOK PART IN THESE EXPERIENCES, HELPING TO TEACH THE GENERAL PUBLIC AND RAISE AWARENESS OF THE IMPORTANCE OF THESE VEHICLES IN THE HISTORY OF THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Collings Jr President And Director | OfficerTrustee | 37 | $0 |
Ryan Keough Secretary | Trustee | 35 | $0 |
Hunter Chaney Treasurer | Officer | 39 | $0 |
Marie Caroline Collings Treasurer | Officer | 18 | $0 |
William Boller Director | Trustee | 1 | $0 |
Frank Dworak Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,984 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $202,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,593,245 |
| Noncash contributions included in lines 1a–1f | $24,924,189 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,934,729 |
| Total Program Service Revenue | $1,329,486 |
| Investment income | -$27,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $146,776 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,392,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,332 |
| Grants and other assistance to domestic individuals. | $18,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $472,745 |
| Compensation of current officers, directors, key employees. | $189,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,510 |
| Payroll taxes | $39,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,848 |
| Fees for services: Accounting | $85,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,922 |
| Advertising and promotion | $123,162 |
| Office expenses | $43,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,931 |
| Travel | $69,921 |
| 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 | $738,475 |
| Insurance | $44,308 |
| All other expenses | $0 |
| Total functional expenses | $3,376,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,703 |
| Savings and temporary cash investments | $2,950 |
| Pledges and grants receivable | $990,145 |
| 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 | $53,445 |
| Net Land, buildings, and equipment | $16,060,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,158 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,724,461 |
| Total assets | $116,013,706 |
| Accounts payable and accrued expenses | $136,237 |
| Grants payable | $0 |
| Deferred revenue | $8,060 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $100,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $470,895 |
| Total liabilities | $715,192 |
| Net assets without donor restrictions | $17,785,771 |
| Net assets with donor restrictions | $97,512,743 |
| 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 | $116,013,706 |