Edith Wharton Restoration Inc
- Assets
- $18.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 69
- Location
- Lenox, MA
- Founding
- 06/1979
- Data as of
- 03/2021
- EIN
- 04-2666846
Organization Overview
Edith Wharton Restoration Inc is located in Lenox, MA. The organization was established in 1979. 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, Edith Wharton Restoration Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edith Wharton Restoration 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 03/2021, Edith Wharton Restoration Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $2.5m during the year ending 03/2021. While expenses have increased by 6.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MOUNT IS BOTH A HISTORIC SITE AND A CENTER FOR CULTURE INSPIRED BY ITS CREATOR, EDITH WHARTON. IT WELCOMES MORE THAN 50,000 VISITORS ANNUALLY WHO COME TO TOUR THE ESTATE OR ATTEND ONE OF THE MANY READINGS, LECTURES, PERFORMANCES OR OTHER PROGRAMS THAT THE ORGANIZATION OFFERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM COSTS INCLUDE ALL SALARIES AND RELATED COSTS OF THOSE INVOLVED WITH PROVIDING TOURS AND PRODUCING CULTURAL PROGRAMMING. ALL COSTS RELATED TO THE ON-GOING MAINTENANCE OF THE PROPERTY AND RELATED TO THE TOUR AND PROGRAM FUNCTIONS ARE CONSIDERED PROGRAM COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Wissler Executive Director | 60 | $150,234 | |
Daniel Kasper Chair | OfficerTrustee | 5 | $0 |
B Carter White Treasurer | OfficerTrustee | 5 | $0 |
Cris Raymond Clerk | OfficerTrustee | 5 | $0 |
Barbara Cooperman Vice-Chair | OfficerTrustee | 5 | $0 |
Naomi Gordon Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,792,776 |
| Investment income | $62,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,537 |
| Net Gain/Loss on Asset Sales | $3,915 |
| Net Income from Fundraising Events | $10,640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,306,294 |
| Statement of Expenses | |
|---|---|
| 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. | $151,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $918,875 |
| Pension plan accruals and contributions | $25,029 |
| Other employee benefits | $64,074 |
| Payroll taxes | $106,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,605 |
| Fees for services: Accounting | $18,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,284 |
| Fees for services: Other | $5,707 |
| Advertising and promotion | $70,943 |
| Office expenses | $54,998 |
| Information technology | $35,796 |
| Royalties | $0 |
| Occupancy | $340,635 |
| Travel | $777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,077 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,995 |
| Insurance | $68,883 |
| All other expenses | $0 |
| Total functional expenses | $2,491,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,309 |
| Savings and temporary cash investments | $1,971,404 |
| Pledges and grants receivable | $3,724,043 |
| 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 | $42,802 |
| Prepaid expenses and deferred charges | $25,873 |
| Investments—publicly traded securities | $4,950,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,577,225 |
| Total assets | $18,245,381 |
| Accounts payable and accrued expenses | $89,232 |
| Grants payable | $0 |
| Deferred revenue | $203,621 |
| 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 | $236,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $529,674 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $17,715,707 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Edith Wharton Restoration Inc has recieved totaling $130,958.
| Awarding Organization | Amount |
|---|---|
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR GENERAL PROGRAMMING AND COMMUNITY AWARENESS & ENGAGEMENT | $49,150 |
Mitchell And Elaine Yanow Charitable Tr 052097 New York, NY PURPOSE: GENERAL PURPOSE | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $16,180 |
Feigenbaum Foundation Inc Pittsfield, MA PURPOSE: GATEHOUSE RENOVATION | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $13,300 |
Upper Housatonic Valley National Heritage Area Inc Salisbury, CT PURPOSE: Heritage Partnership Grant | $9,680 |
Endowment Analysis
| Beg. Balance | $7,892,173 |
| Earnings | $54,217 |
| Net Contributions | $502,243 |
| Ending Balance | $8,448,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
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 |