Royall House Association
- Assets
- $1.7m
- Revenue
- $722.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Medford, MA
- Founding
- 01/1943
- Data as of
- 03/2024
- EIN
- 04-6046749
Organization Overview
Royall House Association is located in Medford, MA. The organization was established in 1943. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 03/2024, Royall House Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royall House Association 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 03/2024, Royall House Association generated $722.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $206.4k during the year ending 03/2024. While expenses have increased by 12.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, MAINTAIN AND RESTORE A HISTORICAL SITE FOR PUBLIC USE AND EDUCATION. THE ASSOCIATION EXPLORES THE MEANINGS OF FREEDOM AND INDEPENDENCE BEFORE, DURING AND SINCE THE AMERICAN REVOLUTION, IN CONTEXT OF A HOUSEHOLD OF WEALTHY LOYALISTS AND ENSLAVED AFRICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROYALL HOUSE AND SLAVE QUARTERS HAS HAD A STRONG FY24. IN JULY, THE MUSEUM CONDUCTED A SUCCESSFUL COMMUNITY READING OF FREDERICK DOUGLASS' FAMOUS SPEECH, "WHAT TO THE SLAVE IS THE FOURTH OF JULY?" ATTENDED BY A CROWD OF OVER A HUNDRED PEOPLE. TURNOUT FOR PUBLIC TOURS ON THE WEEKENDS WAS STRONG DURING THE SUMMER OF 2023 WITH GROUP SIZES CONSISTENTLY LARGER THAN PAST YEARS. THE MUSEUM IS ALSO SEEING AN INCREASE IN PRIVATE GROUPS FROM COLLEGES, SCHOOLS, AND CHURCHES. SCHOOL GROUPS REACHED A NEW HIGH FOR BOTH INCOME AND ATTENDANCE IN FY24.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Gittleman President & Treasurer | OfficerTrustee | 7 | $0 |
Penny Outlaw Vice President | OfficerTrustee | 5 | $0 |
Cuthbert Thomas Asst. Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Pustz Recording Secretary | OfficerTrustee | 5 | $0 |
Gracelaw Simmons Communications Secretary | OfficerTrustee | 5 | $0 |
Michael Baenen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,580 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $597,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,231 |
| Total Program Service Revenue | $41,317 |
| Investment income | $21,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,160 |
| Net Gain/Loss on Asset Sales | $39,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,139 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $722,177 |
| 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. | $131,981 |
| Compensation of current officers, directors, key employees. | $7,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,947 |
| Fees for services: Other | $2,818 |
| Advertising and promotion | $0 |
| Office expenses | $5,712 |
| Information technology | $3,456 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $155 |
| 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 | $0 |
| Insurance | $10,046 |
| All other expenses | $2,871 |
| Total functional expenses | $206,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,769 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $359,425 |
| 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 | $2,208 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $961,404 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,701,806 |
| Accounts payable and accrued expenses | $4,135 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,135 |
| Net assets without donor restrictions | $1,697,671 |
| 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 | $1,701,806 |