Ralph Waldo Emerson Memorial Association
- Assets
- $1.5m
- Revenue
- $185.0k
- Investments
- $883.8k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1943
- Data as of
- 12/2021
- EIN
- 04-2095785
Organization Overview
Ralph Waldo Emerson Memorial Association is located in Boston, MA. The organization was established in 1943. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Ralph Waldo Emerson Memorial Association 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, Ralph Waldo Emerson Memorial Association generated $185.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $81.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RALPH WALDO EMERSON MEMORIAL (MUSEUM) CAMBRIDGE HIGHWAY CONCORD, MA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret E Bancroft President/trustee | 2 | $0 | |
Paul Elias Treasurer/trustee | 2 | $0 | |
Ellen Emerson Secretary/trustee | 2 | $0 | |
Leslie A Morris Trustee | 2 | $0 | |
David F Wood Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,710 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,685 |
| Capital Gain Net Income | $43,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,189 |
| Total Revenue | $184,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $23,526 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,671 |
| Depreciation | $4,170 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,480 |
| Total operating and administrative expenses | $81,664 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $81,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,662 |
| Savings and temporary cash investments | $166 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $580,928 |
| Other assets | $0 |
| Total assets | $1,478,516 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ralph Waldo Emerson Memorial Association has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Neil And Anna Rasmussen Foundation Concord, MA PURPOSE: UNRESTRICTED CONTRIBUTION | $50,000 |
Tailwind Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
The Arthur Page Society New York, NY | $4,651,652 | $4,039,971 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |