Isabel Babson Memorial Incorporated
- Assets
- $3.9m
- Revenue
- $76.0k
- Investments
- $3.6m
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 11/1963
- Data as of
- 12/2022
- EIN
- 04-6031813
Organization Overview
Isabel Babson Memorial Incorporated is located in Gloucester, MA. The organization was established in 1963. 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. Isabel Babson Memorial Incorporated 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, Isabel Babson Memorial Incorporated generated $76.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $187.5k 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
FREE LIBRARY WHICH DISSEMINATES INFORMATION FOR EXPECTANT MOTHERS NEWBORN CARE CHILD DEVELOPMENT AND PROMOTION OF A HEALTHY FAMILY LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary C Brackett President & Trustee | 30 | $49,500 | |
Margaret R Quinn Treasurer Secretary | 5 | $7,304 | |
G Kevin Quinn Trustee | 10 | $1,600 | |
Sandra J Andreson Trustee | 2 | $1,600 | |
Louise C Quinn Trustee | 1 | $1,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,604 |
| Other employee salaries and wages | $39,220 |
| Pension plans, employee benefits | $25,707 |
| Interest | $0 |
| Taxes | $4,823 |
| Depreciation | $3,485 |
| Occupancy | $18,975 |
| Travel, conferences, and meetings | $702 |
| Printing and publications | $0 |
| Other expenses | $1,869 |
| Total operating and administrative expenses | $162,497 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $187,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,165 |
| 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 | $26,470 |
| Other assets | $15,457 |
| Total assets | $3,869,554 |
| 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 Awarded
Over the last fiscal year, Isabel Babson Memorial Incorporated has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GLOUCESTER HIGH SCHOOL PURPOSE: SCHOLARSHIP TO PROVIDE FUTURE MATERNITY AND NEWBORN NURSING SERVICES | $20,000 |
ROCKPORT HIGH SCHOOL PURPOSE: SCHOLARSHIP TO PROVIDE FUTURE MATERNITY AND NEWBORN NURSING SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |