Otis Preservation Trust Inc
- Assets
- $269.2k
- Revenue
- $100.2k
- Investments
- $12.0k
- Employees
- 0
- Location
- Otis, MA
- Founding
- 12/2019
- Data as of
- 06/2023
- EIN
- 84-2925875
Organization Overview
Otis Preservation Trust Inc is located in Otis, MA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otis Preservation Trust 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 06/2023, Otis Preservation Trust Inc generated $100.2k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS IN SUPPORT OF THE OTIS HISTORIC COMMISSION TO RESTORE AND REPURPOSE OTIS' HISTORIC PROPERTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OFOR THE LAST 4 YEARS, THE OTIS PRESERVATION TRUST (OPT) ORGANIZED CULTURAL PROGRAMS FOR OUR COMMUNITY. IN 2023, WE HAD 3 LOCAL PRESENTERS DISCUSS THEIR WORKS, INCLUDING A LOCAL ARTIST WHO SPOKE ABOUT HIS WORK, AN AUTHOR WHO DISCUSSED INDIGENOUS PEOPLE IN OUR AREA, AND A LIFE SIZE MARIONETTE SHOW FOR THE CHILDREN IN TOWN (AS WELL AS ADULTS). WE NAMED THIS SERIES NOTICE OTIS." COST FOR THESE: $550. COORDINATING AND DELIVERING THESE PROGRAMS DEMONSTRATED OUR ABILITY AND COMMITMENT TO BRING DIVERSE CULTURAL EVENTS TO OUR TOWN. THE FORMER ST. PAUL'S EPISCOPAL CHURCH WAS VOTED BY OUR COMMUNITY TO BECOME THE OTIS CULTURAL CENTER AT HISTORIC ST. PAUL'S, AND ONCE THE RESTORATION OF THE STRUCTURE IS COMPLETED THESE PROGRAMS WILL CONTINUE THERE. IN APRIL, OPT AND OTIS HISTORICAL COMMISSION (OHC) SPONSORED THE WANDA HOUSTON CONCERT HELD AT THE KNOX TRAIL. THIS BROUGHT VARIED MUSIC STYLES TO OUR TOWN. WANDA IS RENOWNED IN THE BERKSHIRE AREA WITH A LARGE FOLLOWING. THIS CONCERT BROUGHT PEOPLE FROM OUTSIDE OUR TOWN, THUS SPREADING MORE INFORMATION ABOUT THE GOALS WE HAVE SET. IT WAS A FINANCIAL SUCCESS FOR THE KNOX AS IT WAS A FULL HOUSE. OPT/OHC NETTING $3,865.A CEMETERY TOUR WAS CONDUCTED IN THE SUMMER. THIS WAS HELD AT THE NORTON RD CEMETERY. THE AREA IS AHISTORICAL SITE DATING BACK TO THE REVOLUTIONARY WAR. MANY OLD GRAVES ARE IN ARE STILL IN GOOD ENOUGH CONDITION TO READ ABOUT THE INHABITANTS. THE TOUR BROUGHT MANY PEOPLE, OVER 60, FROM OUTSIDE THE AREA. THE TOUR WAS CONDUCTED BY VOLUNTEERS. WE DID RECEIVE $41 IN DONATIONS. THE OTIS PRESERVATION TRUST HAD A BOOTH AT THE EAST OTIS FARMER'S MARKET EVERY WEEK FROM MEMORIAL DAY AND THROUGHOUT JUNE, JULY AND AUGUST. STAFFED BY OUR VOLUNTEERS, WE HAD THE OPPORTUNITY TO DISCUSS AND EDUCATE THE PUBLIC ABOUT OUR HISTORY, AND OUR HISTORIC BUILDINGS. WE WERE SUCCESSFUL IN RAISING FUNDS, AS WELL AS INCREASING AWARENESS OF OUR PROJECTS AND PURPOSE. TOTAL RAISED: $2,273. NO EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Geane President | OfficerTrustee | 1 | $0 |
Tricia Smith Treasurer (beginning 11/22) | OfficerTrustee | 1 | $0 |
Lynn Pyenson Treasurer (through 11/22) | OfficerTrustee | 1 | $0 |
Geoffrey Pigrman Secretary | OfficerTrustee | 1 | $0 |
Stephanie Skinner Director | Trustee | 1 | $0 |
Celeste Watman 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 | $97,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,042 |
| Total Program Service Revenue | $0 |
| Investment income | $253 |
| 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 | $100,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,000 |
| 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 | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,142 |
| Office expenses | $637 |
| 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 | $698 |
| All other expenses | $1,710 |
| Total functional expenses | $94,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,255 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $269,229 |
| 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 | $146,529 |
| Net assets with donor restrictions | $122,700 |
| 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 | $269,229 |