Old North Foundation Of Boston Inc
- Assets
- $5.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Boston, MA
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 04-3120688
Organization Overview
Old North Foundation Of Boston Inc is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Old North Foundation Of Boston Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old North Foundation Of Boston 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 12/2021, Old North Foundation Of Boston Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 2.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OLD NORTH FOUNDATION INSPIRES ACTIVE CITIZENSHIP AND COURAGEOUS, COMPASSIONATE LEADERSHIP BY INTERPRETING AND PRESERVING THE OLD NORTH CHURCH & HISTORIC SITE (LOCATED IN BOSTON'S NORTH END). THE FOUNDATION ENVISIONS A FUTURE IN WHICH EVERYONE WILL SEE THEIR STORIES, STRUGGLES, AND HOPES REFLECTED IN PLACES OF PROMINENCE AND OUR SHARED AMERICAN HISTORY. PROGRAMMING FOCUSES ON THREE AIMS: ON-SITE INTERPRETATION OF THE HISTORIC SITE, PRESERVATION OF THE HISTORIC SITE, AND DEVELOPING LESSON PLANS AND DIGITAL RESOURCES FOR CLASSROOMS AND ADULT LEARNERS ACROSS THE COUNTRY.
Describe the Organization's Program Activity:
INTERPRETATION AND EDUCATION:EACH YEAR, HUNDREDS OF THOUSANDS OF VISITORS EXPERIENCE OLD NORTH CHURCH & HISTORICAL SITE. CENTERING THE CHURCH'S HISTORY IN CONTEMPORARY RELEVANCE, OUR INTERPRETATION WEAVES TOGETHER THE SEMINAL STORY OF REVERE'S MIDNIGHT RIDE WITH THEMES OF ACTIVE CITIZENSHIP AND THE CHURCH'S PARADOXICAL TIES TO 18TH CENTURY ENSLAVEMENT. ADDITIONALLY, ONF SUPPORTS EDUCATORS ACROSS THE COUNTRY WITH CURRICULA AND ENRICHMENT MATERIALS THAT TAKE A FRESH LOOK AT THE PAST AND ENCOURAGE STUDENTS TO IDENTIFY THEMSELVES AS ACTIVE CITIZENS WHO ARE GAINING THE WISDOM, CONFIDENCE AND MOTIVATION TO PARTICIPATE IN THEIR COMMUNITIES. 4,000 STUDENTS IN 23 STATES WERE ENGAGED IN ONF PROGRAMMING IN THE 2021-22 SCHOOL YEAR.
PRESERVATION:ONF PRESERVES OLD NORTH CHURCH AND ITS ACCOMPANYING HISTORIC BUILDINGS AND GARDENS, INLCUDING THE 1715 CLOUGH HOUSE, A 1918 CHAPEL AND A PARISH HOUSE DATING TO THE NORTH END'S TENEMENT ERA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Stewart Executive Director | OfficerTrustee | 40 | $135,000 |
Ms Susan J Eddy Clerk | OfficerTrustee | 1 | $0 |
Ms Laura M Moruzzi Treasurer | OfficerTrustee | 1 | $0 |
Mr Christopher Goguen Chair | OfficerTrustee | 1 | $0 |
Dr Jonathan Chu Vice Chair | OfficerTrustee | 1 | $0 |
Mr Ed Pendergast Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,318,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $960,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,279,088 |
| Total Program Service Revenue | $304,347 |
| Investment income | $54,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $140,041 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,778,217 |
| 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. | $146,948 |
| Compensation of current officers, directors, key employees. | $29,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,158 |
| Pension plan accruals and contributions | $21,412 |
| Other employee benefits | $48,752 |
| Payroll taxes | $48,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,675 |
| Fees for services: Accounting | $38,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,740 |
| Fees for services: Other | $122,893 |
| Advertising and promotion | $72,245 |
| Office expenses | $71,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,663 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,394 |
| Insurance | $49,215 |
| All other expenses | $0 |
| Total functional expenses | $1,202,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,106,779 |
| Savings and temporary cash investments | $500,029 |
| Pledges and grants receivable | $495,468 |
| 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 | $68,885 |
| Prepaid expenses and deferred charges | $19,654 |
| Net Land, buildings, and equipment | $1,342,854 |
| Investments—publicly traded securities | $1,137,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,061 |
| Total assets | $5,737,888 |
| Accounts payable and accrued expenses | $49,757 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $246,376 |
| Other liabilities | $338,741 |
| Total liabilities | $634,874 |
| Net assets without donor restrictions | $2,164,870 |
| Net assets with donor restrictions | $2,938,144 |
| 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 | $5,737,888 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Old North Foundation Of Boston Inc has recieved totaling $40,368.
| Awarding Organization | Amount |
|---|---|
George B Henderson Foundation Boston, MA PURPOSE: THE CHAPEL WINDOW RESTORATION AS OUTLINED IN THE QUOTE FROM WESTMILL PRESERVATION SERVICES | $38,700 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,550 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Endowment Analysis
| Beg. Balance | $1,132,626 |
| Earnings | $4,532 |
| Ending Balance | $1,137,158 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Loring Wolcott & Coolidge Charitable Tr - I Boston, MA | $103,000 | $4,276,644 |