Victoria Mansion
- Assets
- $7.5m
- Revenue
- $975.1k
- Investments
- $0.0
- Employees
- 35
- Location
- Portland, ME
- Founding
- 03/1971
- Data as of
- 03/2022
- EIN
- 01-0207716
Organization Overview
Victoria Mansion is located in Portland, ME. The organization was established in 1971. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Victoria Mansion employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victoria Mansion 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 03/2022, Victoria Mansion generated $975.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $538.3k during the year ending 03/2022. While expenses have increased by 0.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE/MAINTAIN VICTORIA MANSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCUMENTED AND INTERPRETED THE HISTORY AND SIGNIFICANCE OF THE BUILDINGS AND FURNISHINGS AS IMPORTANT EXPRESSIONS OF NINETEENTH CENTURY AMERICAN CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Brosnihan Executive Director | Trustee | 40 | $70,224 |
Thomas Johnson Former Executive Director | Trustee | 40 | $20,328 |
Sarah Newick Recording Secretary | Officer | 5 | $0 |
Drew Oestreicher President | Officer | 5 | $0 |
Sue Nutty Vice-President | Officer | 5 | $0 |
Robert Ayotte Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,895 |
| Noncash contributions included in lines 1a–1f | $1,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,412 |
| Total Program Service Revenue | $327,351 |
| Investment income | $32,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150 |
| Net Gain/Loss on Asset Sales | $69,699 |
| Net Income from Fundraising Events | $1,791 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,937 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $975,130 |
| 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. | $90,551 |
| Compensation of current officers, directors, key employees. | $76,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,107 |
| Payroll taxes | $19,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,583 |
| Fees for services: Accounting | $7,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,101 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,977 |
| Office expenses | $71,665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,399 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,346 |
| Insurance | $21,564 |
| All other expenses | $0 |
| Total functional expenses | $538,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,226 |
| Savings and temporary cash investments | $121,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,040 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,664 |
| Prepaid expenses and deferred charges | $677 |
| Net Land, buildings, and equipment | $5,038,516 |
| Investments—publicly traded securities | $1,895,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,702 |
| Total assets | $7,456,026 |
| Accounts payable and accrued expenses | $8,081 |
| Grants payable | $0 |
| Deferred revenue | $37 |
| 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 | $8,118 |
| Net assets without donor restrictions | $1,570,292 |
| Net assets with donor restrictions | $5,877,616 |
| 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 | $7,456,026 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Victoria Mansion has recieved totaling $92,515.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL OPERATING FOR THE PRESERVATION OF NATIONAL HISTORIC LANDMARK, IN HONOR OF CYNTHIA MACDONALD | $25,000 |
Cascade Foundation Rockport, ME PURPOSE: ARTS AND CULTURE | $25,000 |
Davis Family Foundation Yarmouth, ME PURPOSE: Completing the Principal Facade: Restoring Victoria Mansion's Rooftop Balustrades | $20,000 |
Maine Humanities Council Portland, ME PURPOSE: SUPPORT OPERATIONS | $7,500 |
Libra Foundation Owen W Wells Trustee Portland, ME PURPOSE: RESTORATION OF HISTORIC MUSEUM | $7,500 |
Valley Charitable Trust Hockessin, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $1,857,807 |
| Earnings | $95,454 |
| Admin Expense | $17,101 |
| Net Contributions | $144,674 |
| Other Expense | $64,633 |
| Ending Balance | $2,016,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Old York Historical Society York, ME | $9,131,743 | $731,758 |
Portsmouth Historical Society Portsmouth, NH | $3,776,411 | $3,186,969 |
Historical Society Of Cheshire Cty Keene, NH | $6,912,081 | $683,273 |
Victoria Mansion Portland, ME | $7,456,026 | $975,130 |
Greater Portland Landmarks Inc Portland, ME | $2,715,292 | $431,780 |
Maine Preservation Yarmouth, ME | $1,039,325 | $459,368 |
Castine Historical Society Inc Castine, ME | $8,350,405 | $605,426 |
Trustees Of Bloomfield Academy Skowhegan, ME | $2,438,254 | $591,288 |
Rockland Historical Society Rockland, ME | $48,909 | $54,735 |