Westerly Armory Restoration
- Assets
- $1.2m
- Revenue
- $166.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Westerly, RI
- Founding
- 06/1993
- Data as of
- 09/2021
- EIN
- 05-0468098
Organization Overview
Westerly Armory Restoration is located in Westerly, RI. The organization was established in 1993. 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. Westerly Armory Restoration 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 09/2021, Westerly Armory Restoration generated $166.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $101.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 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 MISSION OF WESTERLY ARMORY RESTORATION, INC IS TO RESTORE THE HISTORIC WESTERLY ARMORY (NATIONAL REGISTER OF HISTORIC PLACES AND A SAVE AMERICAS TREASURES SITE) FOR USE BY ITS COMMUNITY AS A MUSEUM AND COMMUNITY BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING MAINTENANCE, INSURANCE AND UTILITIES TO KEEP BUILDING AVAILABLE TO COMMUNITY GROUPS AND EVENTS AND ALSO TO HOUSE THE MUSEUM PORTION OF THE PROPERTY. THIS ALSO INCLUDES A 90% ALLOCATION OF DEPRECIATION ON THE BUILDING, EQUIPMENT, FIXTURES AND MUSEUM EQUIPMENT.
OUR SOLE PAID EMPLOYEE HANDLES GENERAL MAINTENANCE, BOOKING COMMUNITY EVENTS IN THE HALL, AND ACCESS FOR THE PUBLIC. 75% OF THE WAGES AND RELATED PAYROLL TAXES ARE INCLUDED.
70% OF OFFICE EXPENSES, AND GENERAL SUPPLIES ARE DEEMED TO SUPPORT THE PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Humble Treasurer | Officer | 25 | $26,250 |
Roberta Mudge Humble President | Officer | 10 | $0 |
Richard Siciliano Vice President | Officer | 10 | $0 |
Abigail Casey Director | Trustee | 5 | $0 |
Elizabeth Coffey Director | Trustee | 5 | $0 |
Ralph Abruzzese Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,835 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,935 |
| Total Program Service Revenue | $6,327 |
| Investment income | $1,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,246 |
| 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. | $26,251 |
| Compensation of current officers, directors, key employees. | $6,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,694 |
| Office expenses | $795 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,104 |
| 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 | $42,888 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $101,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,156 |
| Savings and temporary cash investments | $177,114 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $944,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,234,674 |
| Accounts payable and accrued expenses | $965 |
| 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 | $965 |
| Net assets without donor restrictions | $1,124,438 |
| Net assets with donor restrictions | $109,271 |
| 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 | $1,234,674 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Westerly Armory Restoration has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: HVAC SYSTEM | $45,000 |
Washington Trust Charitable Foundation Westerly, RI PURPOSE: OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
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 Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |
Preserve Rhode Island Providence, RI | $13,128,578 | $4,482,092 |