Civic Intelligence

Waterworks Preservation Trust Inc.

990 • Fiscal year 2016 • EIN 26-4236346

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

2450 Beacon StChestnut Hill, MA 02467

(617) 277-0065

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.33x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

5.36x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

61%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

58th percentile

3.4%

Faster asset growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

0.5%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,902,931

Up $62,876 (+3.4%) from 2015

Net Assets

Up

$1,271,875

Up $71,875 (+6.0%) from 2015

Liabilities

Down

$631,056

Down $8,999 (-1.4%) from 2015

Revenue

Up

$117,708

Up $633 (+0.5%) from 2015

Expenses

Down

$45,833

Down $71,242 (-61%) from 2015

Net Income

Up

$71,875

Up $71,875 from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,749,706Liabilities 2010: $29,424Net Assets 2010: $1,720,2822010Assets 2011: $1,497,596Liabilities 2011: $297,596Net Assets 2011: $1,200,0002011Assets 2012: $1,688,071Liabilities 2012: $488,071Net Assets 2012: $1,200,0002012Assets 2013: $1,876,773Liabilities 2013: $676,773Net Assets 2013: $1,200,0002013Assets 2014: $1,913,153Liabilities 2014: $713,153Net Assets 2014: $1,200,0002014Assets 2015: $1,840,055Liabilities 2015: $640,055Net Assets 2015: $1,200,0002015Assets 2016: $1,902,931Liabilities 2016: $631,056Net Assets 2016: $1,271,8752016Assets 2017: $2,147,229Liabilities 2017: $40,000Net Assets 2017: $2,107,2292017Assets 2018: $2,018,327Liabilities 2018: $55,552Net Assets 2018: $1,962,7752018Assets 2019: $2,335,044Liabilities 2019: $71,500Net Assets 2019: $2,263,5442019Assets 2020: $2,525,793Liabilities 2020: $57,100Net Assets 2020: $2,468,6932020Assets 2021: $2,828,830Liabilities 2021: $105,165Net Assets 2021: $2,723,6652021Assets 2022: $2,337,888Liabilities 2022: $49,125Net Assets 2022: $2,288,7632022Assets 2023: $2,667,694Liabilities 2023: $63,558Net Assets 2023: $2,604,1362023Assets 2024: $2,750,947Liabilities 2024: $66,293Net Assets 2024: $2,684,6542024

Highlighted filing

2016

Assets$1,902,931
Liabilities$631,056
Net Assets$1,271,875

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $154,4402010Expenses 2011: $5,4972011Expenses 2012: $1,7692012Revenue 2013: $313,855Expenses 2013: $313,855Net Income 2013: $02013Revenue 2014: $136,351Expenses 2014: $136,351Net Income 2014: $02014Revenue 2015: $117,075Expenses 2015: $117,075Net Income 2015: $02015Revenue 2016: $117,708Expenses 2016: $45,833Net Income 2016: $71,8752016Revenue 2017: $540,472Expenses 2017: $332,345Net Income 2017: $208,1272017Revenue 2018: $238,429Expenses 2018: $382,883Net Income 2018: -$144,4542018Revenue 2019: $643,945Expenses 2019: $343,176Net Income 2019: $300,7692019Revenue 2020: $651,770Expenses 2020: $446,621Net Income 2020: $205,1492020Revenue 2021: $650,473Expenses 2021: $395,501Net Income 2021: $254,9722021Revenue 2022: $370,383Expenses 2022: $385,441Net Income 2022: -$15,0582022Revenue 2023: $697,512Expenses 2023: $382,139Net Income 2023: $315,3732023Revenue 2024: $669,218Expenses 2024: $588,700Net Income 2024: $80,5182024

Highlighted filing

2016

Revenue$117,708
Expenses$45,833
Net Income$71,875
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$117,708
Mission and Program Overview

Mission

Waterworks Preservation Trust, Inc., pursuant to provisions of the 2005 Land Disposition Agreement, as amended, that prescribe its fiduciary responsibilities, acts as a trustee for the endowment that benefits the Metropolitan Waterworks Museum, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,270,392$1,339,044▲ $68,652
Cash and Non-Interest-Bearing Accounts$569,663$563,887▼ $5,776
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,840,055$1,902,931▲ $62,876
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$640,055$631,055▼ $9,000
Other Liabilities-$1-
Total Liabilities$640,055$631,056▼ $8,999
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,200,000$1,200,000→ $0
Unrestricted Net Assets-$71,875-
Total Net Assets Fund Balance$1,200,000$1,271,875▲ $71,875
Total Liabilities and Net Assets / Fund Balance$1,840,055$1,902,931▲ $62,876
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$117,708
Other Revenue
$0
Change in Net Assets
$71,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$36,000--$36,000
Other Expenses$9,833--$9,833
Total Functional Expenses$45,833$0$0$45,833
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Final returns are reviewed by the Treasurer of MWM and provided to the Board of Directors prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All Board members are required to sign a conflict of interest statement which is regularly reviewed and monitored at least on an annual basis and/or when necessary.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request

Filing and Contact Details

Filer

Filer Name
Waterworks Preservation Trust Inc
EIN
26-4236346
Phone
6172770065
Address
2450 BEACON ST, CHESTNUT HILL, MA 02467

Signing Officer

Name
Dennis Dewitt
Title
Treasurer
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Dewitt
Formed
2006
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Ne Kelly and Associates LLC
Address
4238 WASHINGTON STREET SUITE 307, BOSTON, MA 02131-2517
Preparer
Nancy Kelly
Phone
8573839363
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Permanently restricted net assets consist of $1.2 million for the benefit of the Metropolitan Waterworks Museum, Inc. in accordance with the provision of a Land Disposition Agreement ("the LDA") authorized by the State of Massachusetts Division of Capital and Asset Management ("DCAM").

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IRS990/NetAssetsOrFundBalancesBOYAmt01200000
IRS990/NetAssetsOrFundBalancesEOYAmt01271875
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt09833
IRS990/OtherExpensesGrp/TotalAmt09833
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt036000
IRS990/PaymentsToAffiliatesGrp/TotalAmt036000
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01200000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01200000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DENNIS DEWITT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0117075
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0117075
IRS990/PYTotalExpensesAmt0117075
IRS990/PYTotalRevenueAmt0117075
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt071875
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01270392
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01339044
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043251784
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Massachusetts Waterworks Museum
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Permanently restricted net assets consist of $1.2 million for the benefit of the Metropolitan Waterworks Museum, Inc. in accordance with the provision of a Land Disposition Agreement ("the LDA") authorized by the State of Massachusetts Division of Capital and Asset Management ("DCAM").
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalLiabilityAmt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Final returns are reviewed by the Treasurer of MWM and provided to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Board members are required to sign a conflict of interest statement which is regularly reviewed and monitored at least on an annual basis and/or when necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Metropolitan Waterworks Museum Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043251784
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt03
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Operation of the MWM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt03
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02450 Beacon Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Chestnut Hill
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002467
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt036000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Metropolitan Waterworks Museum Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0r
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.75$0.07$2.68$0.67$0.59$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.67$0.06$2.60$0.70$0.38$0.32
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.05$2.29$0.37$0.39$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.83$0.11$2.72$0.65$0.40$0.25
2020Detailed filing. Detailed filing data is available for this year.$2.53$0.06$2.47$0.65$0.45$0.21
2019Detailed filing. Detailed filing data is available for this year.$2.34$0.07$2.26$0.64$0.34$0.30
2018Detailed filing. Detailed filing data is available for this year.$2.02$0.06$1.96$0.24$0.38$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.15$0.04$2.11$0.54$0.33$0.21
2016Detailed filing. Detailed filing data is available for this year.$1.90$0.63$1.27$0.12$0.05$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.84$0.64$1.20$0.12$0.12$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.91$0.71$1.20$0.14$0.14$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.88$0.68$1.20$0.31$0.31$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.49$1.20$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.30$1.20$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.03$1.72$0.15