Colony Memorial
- Assets
- $3.9m
- Revenue
- $422.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 04-2633276
Organization Overview
Colony Memorial is located in Boston, MA. The organization was established in 1978. 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. Colony Memorial 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 12/2022, Colony Memorial generated $422.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $227.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLONY MEMORIAL MAINTAINS AND OPERATES A MUSEUM AND NATURE PRESERVE FOR THE GENERAL PUBLIC. (SEE PART I, COL D.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joslin Kimball Frank Co-Trustee | 20 | $7,500 | |
Jane Stabler Co-Trustee | 10 | $7,500 | |
Nick Colony Co-Trustee | 5 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ropes & Gray Llp | 12/30/17 | $30,505 |
Ropes & Gray Llp | 12/30/17 | $20,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,950 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,688 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $315,906 |
| Capital Gain Net Income | $315,906 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $422,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $53,737 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,079 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,944 |
| Total operating and administrative expenses | $227,311 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $227,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $282,006 |
| 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 | $343,278 |
| Other assets | $64,497 |
| Total assets | $3,868,439 |
| 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 |