Webster Museums Incorporated
- Assets
- $5.0m
- Revenue
- $291.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Webster, MA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-1476574
Organization Overview
Webster Museums Incorporated is located in Webster, MA. The organization was established in 2017. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Webster Museums Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster Museums Incorporated 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, Webster Museums Incorporated generated $291.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $319.0k 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
THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO COLLECT, PRESERVE, RESTORE, REPLICATE, AND PROMOTE ALL SUBJECTS, ARTIFACTS, AND ARTICLES RELATED TO THE MANUFACTURING/INDUSTRIAL/COMMERCIAL HISTORY THAT ORIGINATED IN NEW ENGLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO COLLECT, PRESERVE, RESTORE, REPLICATE, AND PROMOTE ALL SUBJECTS, ARTIFACTS, AND ARTICLES RELATED TO THE MANUFACTURING/INDUSTRIAL/COMMERCIAL HISTORY THAT ORIGINATED IN NEW ENGLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kujawski Director | OfficerTrustee | 2 | $0 |
Barbara Van Reed Clerk | OfficerTrustee | 40 | $0 |
Christopher Robert President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Douglas Mund Design | 12/30/21 | $328,439 |
Nicholas Hopkins Construction | 12/30/21 | $211,574 |
Boston Productions Video Product. | 12/30/21 | $219,513 |
Bowen Technovation Innovative Tech | 12/30/21 | $326,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $251,628 |
| 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 | $251,628 |
| Total Program Service Revenue | $0 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $291,558 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,240 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,212 |
| Advertising and promotion | $8,658 |
| Office expenses | $8,831 |
| Information technology | $4,260 |
| Royalties | $0 |
| Occupancy | $42,616 |
| Travel | $655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,578 |
| All other expenses | $41 |
| Total functional expenses | $318,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $60,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $242 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,969,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475 |
| Total assets | $5,030,014 |
| 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 | $2,484,996 |
| Other liabilities | $8,850 |
| Total liabilities | $2,493,846 |
| Net assets without donor restrictions | $2,536,168 |
| 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 | $5,030,014 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Webster Museums Incorporated has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Christopher Robert Family Foundation Wilmington, DE PURPOSE: FOR TECHNICAL EQUIPMENT FOR THE SAMUEL SLATER EXPERIENCE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |