Signet Associates
- Assets
- $3.0m
- Revenue
- $532.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Cambridge, MA
- Founding
- 06/1960
- Data as of
- 06/2023
- EIN
- 04-6040508
Organization Overview
Signet Associates is located in Cambridge, MA. The organization was established in 1960. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Signet Associates employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Signet Associates 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 06/2023, Signet Associates generated $532.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $396.1k during the year ending 06/2023. While expenses have increased by 2.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SIGNET SOCIETY, AN AFFILIATED 501(C)(3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNET ASSOCIATES IS A NON-PROFIT, EDUCATION, CHARITABLE AND LITERARY CORPORATION ORGANIZED IN 1902 UNDER MASSACHUSETTS LAW WHICH OWNS AND MAINTAINS A BUILDING FOR USE OF AN UNINCORPORATED STUDENT LITERARY SOCIETY AT HARVARD UNIVERSITY, CAMBRIDGE, MASSACHUSETTS, KNOWN AS THE SIGNET SOCIETY. SIGNET ASSOCIATES OPERATES SOLELY FOR THE EDUCATIONAL PROGRAMS OF HARVARD UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan E Simmons President | OfficerTrustee | 3 | $0 |
Thomas F Moore Treasurer | OfficerTrustee | 3 | $0 |
Rev John H Finley IV Clerk | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $117,117 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,895 |
| Total Program Service Revenue | $0 |
| Investment income | $51,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,134 |
| Net Gain/Loss on Asset Sales | $39,749 |
| Net Income from Fundraising Events | $32,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $532,060 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,698 |
| Fees for services: Other | $5,148 |
| Advertising and promotion | $0 |
| Office expenses | $7,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,736 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,017 |
| Insurance | $12,271 |
| All other expenses | $419 |
| Total functional expenses | $396,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $275,106 |
| Pledges and grants receivable | $0 |
| 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 | $386 |
| Prepaid expenses and deferred charges | $8,268 |
| Net Land, buildings, and equipment | $308,275 |
| Investments—publicly traded securities | $2,372,103 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,964,138 |
| Accounts payable and accrued expenses | $16,567 |
| Grants payable | $0 |
| Deferred revenue | $112 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,679 |
| Net assets without donor restrictions | $2,947,459 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,964,138 |