Morys Preservation Inc
- Assets
- $3.1m
- Revenue
- $146.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 08/2009
- Data as of
- 06/2022
- EIN
- 26-4794593
Organization Overview
Morys Preservation Inc is located in New Haven, CT. The organization was established in 2009. 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. Morys Preservation Inc 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, Morys Preservation Inc generated $146.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.2%) each year. All expenses for the organization totaled $225.2k during the year ending 06/2022. 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
FOUNDED BY VOLUNTEERS CONCERNED WITH PRESERVATION OF THE HISTORIC MORY'S CLUBHOUSE IN NEW HAVEN, CT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PAID PRESERVATION RELATED EXPENSES TOTALING $201,457 FOR THE MORY'S CLUBHOUSE. THESE FUNDS WERE PROVIDED THROUGH DONATIONS FROM MORY'S MEMBERS, OTHER 501(C)(3 CORPORATIONS, AND OTHER SUPPORTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Ketchum President | OfficerTrustee | 1 | $0 |
Melanie Ginter Vice President | OfficerTrustee | 1 | $0 |
Deborah Armitage Treasurer & Secretary | OfficerTrustee | 1 | $0 |
Douglas Rae Director | Trustee | 1 | $0 |
John Herzan Director | Trustee | 1 | $0 |
Alan Plattus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,750 |
| Total Program Service Revenue | $0 |
| Investment income | $101,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,735 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $5,201 |
| All other expenses | $0 |
| Total functional expenses | $225,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,522 |
| Savings and temporary cash investments | $114,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $264,853 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,638,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,724 |
| Total assets | $3,100,245 |
| Accounts payable and accrued expenses | $2,755 |
| 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 | $2,755 |
| Net assets without donor restrictions | $784,077 |
| Net assets with donor restrictions | $2,313,413 |
| 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 | $3,100,245 |