Babson Historical Association Inc
- Assets
- $450.1k
- Revenue
- $46.2k
- Investments
- $350.2k
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 03/1959
- Data as of
- 06/2021
- EIN
- 04-2347130
Organization Overview
Babson Historical Association Inc is located in Gloucester, MA. The organization was established in 1959. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Babson Historical Association 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 06/2021, Babson Historical Association Inc generated $46.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $29.1k during the year ending 06/2021. 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
MAINTENANCE AND OPERATION OF HISTORICAL BUILDING. APPROXIMATELY 150 VISITORS FROM THROUGHOUT THE WORLD PASSED THROUGH THE BUILDING DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew M Babson Treasurer | 0 | $0 | |
Robert G Babson President | 0 | $0 | |
Marcia B Rogers Trustee | 0 | $0 | |
Katherine L Babson Jr Assistant Tr | 0 | $0 | |
Amanda L Babson Secretary | 0 | $0 | |
Andrew Nc Babson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $201 |
| Dividends & Interest | $17,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,919 |
| Capital Gain Net Income | $28,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $805 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,804 |
| Total operating and administrative expenses | $29,109 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $29,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,841 |
| Savings and temporary cash investments | $0 |
| 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 | $25,639 |
| Other assets | $4,416 |
| Total assets | $450,088 |
| Accounts payable and accrued expenses | $3,116 |
| 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 | $30,395 |
| Total liabilities | $33,511 |
Grants Awarded
Over the last fiscal year, Babson Historical Association Inc has awarded $30,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Babson Park, MA PURPOSE: IN MEMORIUM OF ROGER W. BABSON | $12,500 |
Babson Park, MA PURPOSE: IN MEMORIUM OF ROGER W. BABSON | $12,500 |
SAWYER FREE LIBRARY PURPOSE: LIBRARY AND ARCHIVE FUNCTIONS | $1,000 |
PROPRIETORS OF OAK GROVE PURPOSE: REPAIR OF STONE WALLS AND HEADSTONES | $1,000 |
PROPRIETORS OF OAK GROVE PURPOSE: REPAIR OF STONE WALLS AND HEADSTONES | $1,000 |
SAWYER FREE LIBRARY PURPOSE: LIBRARY AND ARCHIVE FUNCTIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |