Friends Of Prescott Inc

Organization Overview

Friends Of Prescott Inc is located in Groton, MA. The organization was established in 2016. 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. Friends Of Prescott 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 12/2023, Friends Of Prescott Inc generated $229.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $306.7k during the year ending 12/2023. While expenses have increased by 31.3% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

FRIENDS OF PRESCOTT, INC. PROVIDES SUPPORT AND PROMOTES COMMUNITY PROGRAMS AND ACTIVITIES FOR CHILDREN, TEENS AND ADULTS IN THE AREAS OF EDUCATION, HEALTH, THE ARTS, AND PHYSICAL EDUCATION.

Describe the Organization's Program Activity:

LEASING A PORTION OF GROTON'S HISTORIC PRESCOTT SCHOOL BUILDING TO PROVIDE SPACE FORADULT, CHILD AND TEEN EDUCATION CLASSES. FRIENDS OF PRESCOTT, INC. RESPONDED TO AREQUEST FOR PROPOSAL (RFP) ISSUED BY THE TOWN OF GROTON, MA FOR LEASING A PORTION OFTHE PRESCOTT TO PROVIDE ADULT, CHILD AND TEEN RECREATIONAL AND EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY. FRIENDS OF PRESCOTT WAS AWARDED A THREE-YEAR LEASEFOR THE USE OF THE BOTTOM AND MIDDLE FLOORS OF THE BUILDING. FRIENDS OF PRESCOTT(FOP) PAYS ALL BUILDING ELECTRICAL, HEATING, WATER, SEWER INTERNET AND PHONE SERVICES. FOP ALSO PROVIDES GENERAL COMMERCIAL LIABILITY INSURANCE TO COVER THE BUILDING AND ITS OCCUPANTS. 5% REVENUE TO GROTON


COORDINATION ADULT, CHILD AND TEEN EDUCATION OFFERINGS IN THE HISTORIC PRESCOTT SCHOOL. FRIENDS OF PRESCOTT, INC. SIGNED UP CLASS INSTRUCTORS, SCHEDULED ROOMS, PRINTED AND DISTRIBUTED THE COURSE CATALOG, ASSIGNED CLASS MONITORS, ASSURED PARTICIPANTS SIGNED LIABILITY WAVERS, ISURED CORI BACKGROUND CHECKS WERE COMPLETED, INSURED CLASS TUITION PAYMENTS WERE RECEIVED AND INSURED INSTRUCTORS WERE PAID ON TIME.


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Board, Officers & Key Employees

Name (title)Compensation
Arthur S Lane Jr
President
$0
Jeffrey Allen Gordor
Vice President
$0
Julie L Sutherland -Platt
Clerk
$0
Christopher Andrew Davis
Treasurer
$0
Krista Ann Davey
Board Member
$0
Andrew C George Jr
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$100,061
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$100,061
Total Program Service Revenue$131,864
Investment income $1,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$3,316
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $229,769

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