James Merrill House Foundation
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Stonington, CT
- Founding
- Data as of
- 03/2022
- EIN
- 86-3632993
Organization Overview
James Merrill House Foundation is located in Stonington, CT. 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. James Merrill House Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE JAMES MERRILL HOUSE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3). THE CORPORATION WAS FORMED TO RAISE AND RECEIVE MONEY TO ESTABLISH, MAINTAIN AND, AS APPROPRIATE, EXPEND FUNDS FROM AN ENDOWMENT TO FURTHER THE LEGACY OF JAMES MERRILL, ONE OF AMERICA'S GREAT POETS, TO PRESERVE THE NATIONAL HISTORIC LANDMARK THAT WAS MERRILL'S RESIDENCE AT 107 WATER STREET, STONINGTON, CONNECTICUT AND ITS CONTENTS (THE "JAMES MERRILL HOUSE") AND TO CREATE AND PROMOTE PROGRAMS RELATED TO JAMES MERRILL AND/OR TO THE JAMES MERRILL HOUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CAPITAL CAMPAIGN COMMITTEE WHICH IS WORKING TO RAISE MONEY FOR THE ENDOWMENT OVERSEEN BY THE FOUNDATION RAISED NEARLY $1.4 MILLION IN THE FIRST FISCAL YEAR OF THE FOUNDATION'S OPERATION CONSISTING OF GIFTS OF CASH AND SECURITIES OF NEARLY $540,000 AND PLEDGES OF NEARLY $850,000.
A CAPITAL CAMPAIGN COMMITTEE WHICH IS WORKING TO RAISE MONEY FOR THE ENDOWMENT OVERSEEN BY THE FOUNDATION RAISED NEARLY $1.4 MILLION IN THE FIRST FISCAL YEAR OF THE FOUNDATION'S OPERATION CONSISTING OF GIFTS OF CASH AND SECURITIES OF NEARLY $540,000 AND PLEDGES OF NEARLY $850,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott W Muller Chairman | Trustee | 3 | $0 |
Janet Mcclendon Vice Chair And Secretary | Trustee | 3 | $0 |
Kathryn Burchenal Treasurer | Trustee | 3 | $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 | $1,374,912 |
| Noncash contributions included in lines 1a–1f | $836,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,374,912 |
| Total Program Service Revenue | $0 |
| Investment income | $10,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,384,690 |
| 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 | $603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,378 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,265 |
| Savings and temporary cash investments | $10,099 |
| Pledges and grants receivable | $836,888 |
| 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 | $461,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,349,424 |
| 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 | $1,349,424 |
| Net assets with donor restrictions | $0 |
| 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 | $1,349,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
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 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |
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 |
The Arthur Page Society New York, NY | $4,651,652 | $4,039,971 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |