Revere And Son Heritage Trust Corporation is located in Canton, MA. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Revere And Son Heritage Trust Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revere And Son Heritage Trust Corporation 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 06/2023, Revere And Son Heritage Trust Corporation generated $298.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.7% each year . All expenses for the organization totaled $223.3k during the year ending 06/2023. While expenses have increased by 43.3% per year over the past 3 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
THIS CORPORATION WILL MANAGE TWO HISTORIC BUILDINGS AND GROUNDS LOCATED AT AN HISTORIC SITE IN CANTON, MA. THE CORPORATION WILL DESIGN, DEVELOP AND MANAGE THE OPERATIONS OF THE PAUL REVERE MUSEUM OF DISCOVERY AND INNOVATION, DEVELOP SUPPORTING ATTRACTIONS FOR PUBLIC PURPOSE, AND PROVIDE EDUCATIONAL, CULTURAL AND RECREATIONAL PROGRAMING AT THIS HISTORIC SITE. THESE ACTIVITIES WILL BE PERFORMED UNDER THE DIRECTION OF THE CORPORATION'S BOARD OF DIRECTORS, USING VOLUNTEERS, EMPLOYEES AND FIRMS RETAINED TO PROVIDE SPECIALIZED SERVICES. THESE ACTIVITIES WILL BE FUNDED THROUGH RENTAL INCOME, MUSEUM AND EVENT ADMISSIONS, FINANCIAL SUPPORT FROM THE TOWN OF CANTON, AND PUBLIC AND PRIVATE GRANTS, ENDOWMENTS AND PHILANTHROPY. REVENUES AND EXPENSES FOR THE CORPORATION WILL INURE TO THE BENEFIT OF ENHANCING THIS HISTORIC SITE AND FURTHERING THE EDUCATION AND RECREATIONAL ENJOYMENT OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASTER PLAN AND MUSEUM DEVELOP AND DESIGN: THE CORPORATION HAS RETAINED SPECIALIZED SERVICES FROM FIRMS THAT HAVE EXTENSIVE EXPERIENCE IN MUSEUM DEVELOPMENT AND DESIGN. THE VENDERS PROVIDING SERVICE WERE SELECTED USING THE STANDARD PROCUREMENT PROCESS AS REQUIRED BY THE TOWN OF CANTON. THE DESIGN AND DEVELOPMENT OF THE MUSEUM AT THIS HISTORIC SITE IS BEING FUNDED, BY AMONG OTHER SOURCES: FINANCIAL ASSISTANCE FROM THE TOWN OF CANTON; GRANTS FROM THE MASSACHUSETTS CULTURAL COUNCIL AND OFFICE OF TRAVEL & TOURISM; EARMARKS IN THE STATE LEGISLATIVE BUDGET; ARPA GRANTS; AND OTHER DONATIONS. THE $116,000 OF THE $121,943 EXPENSES PAID IN THE CURRENT FISCAL YEAR WAS TO THE VENDOR SELECTED TO DESIGN INTERIOR AND EXTERIOR EXHIBITS FOR THE MUSEUM. IT IS ANTICIPATED THAT MORE SUCH FUNDS WILL BE SPENT IN THE FUTURE.
ORGANIZED AND SPONSORED EVENTS - THE R&S TRUST MISSION INCLUDES ORGANIZING AND SPONSORING EVENTS AND PROGRAMS TO INTRODUCE THE COMMUNITY TO THIS HISTORIC TREASURE AND TO SUPPORT OTHER CULTURAL, RECREATIONAL AND EDUCATIONAL ACTIVITIES. DURING THE YEAR, THE CORPORATION HOSTED AT LEAST SIX EVENTS. THE LARGEST OF THESE WAS HERITAGE DAY THAT BROUGHT OVER 1000 VISITORS TO THE SITE. THE ALSO MUSEUM SPONSORED A PHOTOGRAPHY EXHIBIT OF OUR MANY DIVERSE HERITAGES. THE PHOTOGRAPHY EXHIBIT WAS SUPPLEMENTED WITH AN EDUCATIONAL PROGRAM. THE CORPORATION HELD OTHER SMALLER EVENTS SUCH AS A BOOMER TRIVIA NIGHT, MINIATURE GOLF NETWORKING EVENT, AND A HOLIDAY FESTIVAL TO SOLICIT VOLUNTEERS AND INTRODUCE PEOPLE TO THE MUSEUM. PART VIII SHOWS THAT THE $19,661 IN EXPENSES FOR THESE EVENTS EXCEEDED THE $18,459 REVENUES, BUT GENERATED $8,173 IN DONATIONS TO THE CORPORATION. IN ADDITION, APPROXIMATELY $15,106 WAS SPENT TO DEVELOP MUSEUM EXHIBITS RESULTING IN $34,767 IN PROGRAM COSTS
MASTER PLAN AND MUSEUM DEVELOP AND DESIGN: THE CORPORATION HAS RETAINED SPECIALIZED SERVICES FROM FIRMS THAT HAVE EXTENSIVE EXPERIENCE IN MUSEUM DEVELOPMENT AND DESIGN. THE VENDERS PROVIDING SERVICE WERE SELECTED USING THE STANDARD PROCUREMENT PROCESS AS REQUIRED BY THE TOWN OF CANTON. THE DESIGN AND DEVELOPMENT OF THE MUSEUM AT THIS HISTORIC SITE IS BEING FUNDED, BY AMONG OTHER SOURCES: FINANCIAL ASSISTANCE FROM THE TOWN OF CANTON; GRANTS FROM THE MASSACHUSETTS CULTURAL COUNCIL AND OFFICE OF TRAVEL & TOURISM; EARMARKS IN THE STATE LEGISLATIVE BUDGET; ARPA GRANTS; AND OTHER DONATIONS. THE $116,000 OF THE $121,943 EXPENSES PAID IN THE CURRENT FISCAL YEAR WAS TO THE VENDOR SELECTED TO DESIGN INTERIOR AND EXTERIOR EXHIBITS FOR THE MUSEUM. IT IS ANTICIPATED THAT MORE SUCH FUNDS WILL BE SPENT IN THE FUTURE.
ORGANIZED AND SPONSORED EVENTS - THE R&S TRUST MISSION INCLUDES ORGANIZING AND SPONSORING EVENTS AND PROGRAMS TO INTRODUCE THE COMMUNITY TO THIS HISTORIC TREASURE AND TO SUPPORT OTHER CULTURAL, RECREATIONAL AND EDUCATIONAL ACTIVITIES. DURING THE YEAR, THE CORPORATION HOSTED AT LEAST SIX EVENTS. THE LARGEST OF THESE WAS HERITAGE DAY THAT BROUGHT OVER 1000 VISITORS TO THE SITE. THE ALSO MUSEUM SPONSORED A PHOTOGRAPHY EXHIBIT OF OUR MANY DIVERSE HERITAGES. THE PHOTOGRAPHY EXHIBIT WAS SUPPLEMENTED WITH AN EDUCATIONAL PROGRAM. THE CORPORATION HELD OTHER SMALLER EVENTS SUCH AS A BOOMER TRIVIA NIGHT, MINIATURE GOLF NETWORKING EVENT, AND A HOLIDAY FESTIVAL TO SOLICIT VOLUNTEERS AND INTRODUCE PEOPLE TO THE MUSEUM. PART VIII SHOWS THAT THE $19,661 IN EXPENSES FOR THESE EVENTS EXCEEDED THE $18,459 REVENUES, BUT GENERATED $8,173 IN DONATIONS TO THE CORPORATION. IN ADDITION, APPROXIMATELY $15,106 WAS SPENT TO DEVELOP MUSEUM EXHIBITS RESULTING IN $34,767 IN PROGRAM COSTS
STORAGE SHED: THE CORPORATION HOLDS MANY TYPES OF COMMUNITY PROGRAMS AND EVENTS AT THIS HISTORIC SITE AND IN THE MUSEUM SPACE. MANY OF THESE EVENTS REQUIRE THE CORPORATION TO HAVE CANOPY TENTS, OUTDOOR GAMES, TABLES, CHAIRS AND OTHER FURNISHINGS AND EQUIPMENT. (SEE SCHEDULE O FOR A DESCRIPTION OF THE PROGRAMS AND EVENTS.) THE CORPORATION NEEDED A STORAGE FACILITY AT THE SITE AND THE TOWN OF CANTON APPROPRIATED $24,746 TO DONATE A SHED TO THE CORPORATION.
STORAGE SHED: THE CORPORATION HOLDS MANY TYPES OF COMMUNITY PROGRAMS AND EVENTS AT THIS HISTORIC SITE AND IN THE MUSEUM SPACE. MANY OF THESE EVENTS REQUIRE THE CORPORATION TO HAVE CANOPY TENTS, OUTDOOR GAMES, TABLES, CHAIRS AND OTHER FURNISHINGS AND EQUIPMENT. (SEE SCHEDULE O FOR A DESCRIPTION OF THE PROGRAMS AND EVENTS.) THE CORPORATION NEEDED A STORAGE FACILITY AT THE SITE AND THE TOWN OF CANTON APPROPRIATED $24,746 TO DONATE A SHED TO THE CORPORATION.
INTERPRETIVE SIGNS: THIS HISTORIC SITE WAS ONCE OCCUPIED BY THE PAUL REVERE COPPER MILL AND HISTORIC DRAFT HORSE BARN. IN AN EFFORT TO PROVIDE A ROBUST EDUCATIONAL, CULTURAL AND RECREATIONAL EXPERIENCE, THE CORPORATION IS INSTALLING INTERPRETIVE SIGNS THROUGHOUT THE PARK AND MUSEUM. IN ADDITION, THE CORPORATION INTENDS TO ADD OTHER HISTORICALLY SIGNIFICANT ITEMS TO THE PARK. WAYFINDING SIGNS WILL ALSO BE NEEDED TO GUIDE VISITORS TO VARIOUS LOCATIONS. IN THE CURRENT FISCAL YEAR, THE CORPORATION EXPENDED MORE THAN $8000 IN PUBLIC APPROPRIATIONS FOR THIS PROGRAM. THE CORPORATION WILL SPEND ADDITIONAL FUNDS ON THIS PROGRAM IN THE FUTURE.
INTERPRETIVE SIGNS: THIS HISTORIC SITE WAS ONCE OCCUPIED BY THE PAUL REVERE COPPER MILL AND HISTORIC DRAFT HORSE BARN. IN AN EFFORT TO PROVIDE A ROBUST EDUCATIONAL, CULTURAL AND RECREATIONAL EXPERIENCE, THE CORPORATION IS INSTALLING INTERPRETIVE SIGNS THROUGHOUT THE PARK AND MUSEUM. IN ADDITION, THE CORPORATION INTENDS TO ADD OTHER HISTORICALLY SIGNIFICANT ITEMS TO THE PARK. WAYFINDING SIGNS WILL ALSO BE NEEDED TO GUIDE VISITORS TO VARIOUS LOCATIONS. IN THE CURRENT FISCAL YEAR, THE CORPORATION EXPENDED MORE THAN $8000 IN PUBLIC APPROPRIATIONS FOR THIS PROGRAM. THE CORPORATION WILL SPEND ADDITIONAL FUNDS ON THIS PROGRAM IN THE FUTURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Victor Del Vecchio President | OfficerTrustee | 35 | $0 |
Alan Hines Treasurer | OfficerTrustee | 30 | $0 |
Matthew Macdonald Clerk | OfficerTrustee | 5 | $0 |
Joyce Stenmon Board Member | Trustee | 25 | $0 |
Elizabeth H Sugameli Board Member | Trustee | 25 | $0 |
George T Comeau Board Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $8,173 |
Related organizations | $0 |
Government grants | $267,386 |
All other contributions, gifts, grants, and similar amounts not included above | $21,756 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $297,315 |
Total Program Service Revenue | $0 |
Investment income | $361 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,050 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$1,192 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $298,534 |
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 | $18,243 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,955 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
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 | $121,943 |
Advertising and promotion | $9,522 |
Office expenses | $4,566 |
Information technology | $6,804 |
Royalties | $0 |
Occupancy | $3,480 |
Travel | $0 |
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 | $7,659 |
Insurance | $6,888 |
All other expenses | $0 |
Total functional expenses | $223,263 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $125,522 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $289,438 |
Total assets | $414,960 |
Accounts payable and accrued expenses | $19,633 |
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 | $19,633 |
Net assets without donor restrictions | $395,327 |
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 | $414,960 |