Old Slater Mill Association
- Assets
- $1.3m
- Revenue
- $213.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Pawtucket, RI
- Founding
- 03/1948
- Data as of
- 12/2021
- EIN
- 05-0265956
Organization Overview
Old Slater Mill Association is located in Pawtucket, RI. The organization was established in 1948. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Old Slater Mill Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Slater Mill 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 12/2021, Old Slater Mill Association generated $213.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $109.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OLD SLATER MILL ASSOCIATION PRESERVES AND STEWARDS THE SLATER MILL NATIONAL HISTORIC LANDMARK FOR THE BENEFIT OF ALL. RECOGNIZED INTERNATIONALLY AS THE BIRTHPLACE OF THE AMERICAN INDUSTRIAL REVOLUTION, THE MUSEUM CELEBRATES INNOVATION AND THE ENTREPRENEURIAL SPIRIT BY ENGAGING AUDIENCES IN RELEVANT CULTURAL, HISTORIC, AND ARTISTIC ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OSMA SUPPORTS THE PRESERVATION AND INTERPRETATION OF THE OLD SLATER MILL NATIONAL HISTORIC LANDMARK, AND THE BLACKSTONE RIVER VALLEY NATIONAL HISTORICAL PARK. OSMA OWNS THE SLATER MILL PARK WITHIN THE NATIONAL HISTORIC DISTRICT, AND AVAILS IT YEAR-ROUND FOR PUBLIC ACCESS AND ENJOYMENT. OSMA OFFERS WALKING TOUR PROGRAMS, FIBER ART INSTRUCTION, RESEARCH AND EDUCATIONAL SERVICES, PARTNERSHIP SUPPORT, AND OUTREACH EVENTS. OSMA OWNS AND MANAGES THE HISTORIC OBJECTS AND ARCHIVAL COLLECTIONS HELD INSIDE THE OLD SLATER MILL CAMPUS BUILDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew D Jencks President | Officer | 3 | $0 |
Jerauld C Adams Treasurer | Officer | 1.5 | $0 |
Stephen A Olausen Vice Preside | Officer | 3 | $0 |
Avery Seaman Jr Secretary | Officer | 1.5 | $0 |
Bruce W Tillinghast Director | Trustee | 0.5 | $0 |
Linda Dewing Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,444 |
| Total Program Service Revenue | $12,015 |
| Investment income | $37,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,519 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,981 |
| 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 | $62,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,209 |
| Payroll taxes | $6,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $834 |
| Advertising and promotion | $2,033 |
| Office expenses | $6,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,720 |
| 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 | $0 |
| Insurance | $5,925 |
| All other expenses | $0 |
| Total functional expenses | $109,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,985 |
| Savings and temporary cash investments | $108,406 |
| 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 | $8,635 |
| Prepaid expenses and deferred charges | $1,351 |
| Net Land, buildings, and equipment | $21,149 |
| Investments—publicly traded securities | $278,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $818,930 |
| Total assets | $1,276,870 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $498,309 |
| Net assets with donor restrictions | $778,561 |
| 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 | $1,276,870 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Old Slater Mill Association has recieved totaling $25,143.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: TRADITIONAL CRAFTS DEMONSTRATION DAY; GENERAL SUPPORT; GENERAL OPERATING | $25,129 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $859,419 |
| Earnings | $155,251 |
| Admin Expense | $8,697 |
| Other Expense | $84,243 |
| Ending Balance | $921,730 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |
Marthas Vineyard Preservation Tr Inc Edgartown, MA | $22,708,847 | $3,056,624 |
Fort Adams Trust Inc Newport, RI | $1,609,265 | $1,343,928 |
Fairfield Historical Society Fairfield, CT | $12,480,196 | $1,219,328 |
Newport Historical Society Newport, RI | $9,362,707 | $1,665,951 |