Captain Forbes House Museum is located in Milton, MA. The organization was established in 1985. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Captain Forbes House Museum employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Captain Forbes House Museum 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 06/2022, Captain Forbes House Museum generated $408.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $517.6k during the year ending 06/2022. While expenses have increased by 14.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED BY THE FORBES FAMILY LEGACY OF ENTREPRENEURSHIP, SOCIAL ACTION AND PHILANTHROPY,THE FORBES HOUSE MUSEUM FOSTERS DISCOURSE AROUND CIVIC ENGAGEMENT AND CULTURAL AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS, EXHIBITIONS AND EVENTS. THE MUSEUM IS OPEN TO THEPUBLIC FOR VIEWING AND TOURS CREATING A NEW EDUCATION CENTER FOR THECOMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Heidi Vaughan Executive Dir. | Trustee | 40 | $62,124 |
Robert P Forbes PHD Trustee | Trustee | 0 | $0 |
Denise Gilardone Co-Chair | Trustee | 0 | $0 |
Heidi Forbes Trustee | Trustee | 0 | $0 |
William Rice Trustee | Trustee | 0 | $0 |
Gillian A Najarian Chairman | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $2,350 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $121,497 |
All other contributions, gifts, grants, and similar amounts not included above | $190,166 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $314,013 |
Total Program Service Revenue | $9,017 |
Investment income | $37,246 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$808 |
Net Income from Fundraising Events | $48,536 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $408,004 |
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. | $62,124 |
Compensation of current officers, directors, key employees. | $12,424 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $42,091 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,430 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $19,269 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $67,256 |
Advertising and promotion | $0 |
Office expenses | $9,385 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $14,388 |
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 | $60,519 |
Insurance | $12,786 |
All other expenses | $18,167 |
Total functional expenses | $517,611 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $58,973 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $32,815 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $957 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $873,358 |
Investments—publicly traded securities | $1,562,407 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $28,827 |
Total assets | $2,557,337 |
Accounts payable and accrued expenses | $15,949 |
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 | $15,949 |
Net assets without donor restrictions | $2,240,842 |
Net assets with donor restrictions | $300,546 |
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 | $2,557,337 |
Over the last fiscal year, we have identified 5 grants that Captain Forbes House Museum has recieved totaling $6,983.
Awarding Organization | Amount |
---|---|
Master Wardens & Members Of Masons In Mass Boston, MA PURPOSE: PURCHASE OF PROTECTIVE DISPLAY CASES FOR EXHIBIT | $5,988 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
South Shore Bank Charitable Foundation Inc South Weymouth, MA PURPOSE: EXEMPT PURPOSE | $240 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Beg. Balance | $300,546 |
Ending Balance | $300,546 |
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 |