Liabilities / Assets
22nd percentile
Higher debt load relative to assets than 22% of similar nonprofits.
EIN 47-4156788 • 501(c)3 • Salem, MA
Profile
The organization is a hub for artistic, cultural and social events and promotes an appreciation of history through educational efforts that honor the 19th century building's rich heritage.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
22nd percentile
Higher debt load relative to assets than 22% of similar nonprofits.
Liabilities / Revenue
29th percentile
Higher debt load relative to revenue than 29% of similar nonprofits.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
47th percentile
Faster asset growth than 47% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Assets
Down$1,399,972
Down $26,438 (-1.9%) from 2022
Liabilities
Up$2,547
Up $947 (+59%) from 2022
Net Assets
Down$1,397,425
Down $27,385 (-1.9%) from 2022
Revenue
Up$121,362
Up $33,639 (+38%) from 2022
Expenses
Down$71,567
Down $54,227 (-43%) from 2022
Net Income
Up$49,795
Up $87,866 (+231%) from 2022
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The organization is a hub for artistic, cultural and social events and promotes an appreciation of history through educational efforts that honor the 19th century building's rich heritage.
The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986 or the corresponding provision of any future united states internal revenue law, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under said section 501(c)(3) of the internal revenue code of 1986. Specifically, the organization will provide direct services to other qualifying non-profit organizations.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $761,411 | $738,133 | ▼ $23,278 |
| Investments in Publicly Traded Securities | $529,791 | $595,481 | ▲ $65,690 |
| Cash and Non-Interest-Bearing Accounts | $65,829 | $66,358 | ▲ $529 |
| Total Assets | $1,357,031 | $1,399,972 | ▲ $42,941 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $1,617 | $2,547 | ▲ $930 |
| Total Liabilities | $1,617 | $2,547 | ▲ $930 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $1,206,553 | $1,265,851 | ▲ $59,298 |
| Net Assets Without Donor Restrictions | $148,861 | $131,574 | ▼ $17,287 |
| Total Net Assets Fund Balance | $1,355,414 | $1,397,425 | ▲ $42,011 |
| Total Liabilities and Net Assets / Fund Balance | $1,357,031 | $1,399,972 | ▲ $42,941 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $738,133 | $169,687 | $907,820 |
| Other Land Buildings | $0 | $10,100 | $10,100 |
| Name | Title |
|---|---|
| Mark Stevens | President & Treasurer |
| Agnes Buchanan | Director |
| Jing Cai | Director |
| Tara Mcmullen-king | Director |
| Dale Yale | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $68,747 |
| Salaries, Compensation, and Employee Benefits | $2,820 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $23,278 | - | - | $23,278 |
| Occupancy | $16,969 | $5,656 | - | $22,625 |
| Insurance | $8,259 | $2,753 | - | $11,012 |
| Fees for Service Investment Mgmnt Fees | - | $4,437 | - | $4,437 |
| Fees for Services Accounting | - | $3,156 | - | $3,156 |
| Other Salaries and Wages | $1,310 | $1,310 | - | $2,620 |
| Office Expenses | $1,005 | $1,005 | - | $2,010 |
| Fees for Services Other | $171 | $1,084 | - | $1,255 |
| Information Technology | - | $795 | - | $795 |
| Payroll Taxes | $100 | $100 | - | $200 |
| Advertising | - | $179 | - | $179 |
| Total Functional Expenses | $51,092 | $20,475 | $0 | $71,567 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $8,881 |
| Fundraising Direct Expenses | $0 |
| Professional Fundraising Fees | $0 |
“A copy of the form 990 is provided to the officers for review prior to filing”
“An annual statement and periodic review are used to ensure compliance with the conflict of interest policy. When needed, outside experts may be used.”
“All governing documents and financial statements are available upon request. Some are available on the website.”
“All governing documents and financial statements are available upon request. Some are available on the website.”
“Accrual to cash adjustment”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1617 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2547 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION IS ORGANIZED FOR EXCLUSIVELY RELIGIOUS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SAID SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. SPECIFICALLY, THE ORGANIZATION WILL PROVIDE DIRECT SERVICES TO OTHER QUALIFYING NON-PROFIT ORGANIZATIONS. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 179 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 179 |
| IRS990/AmendedReturnInd | 0 | X |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MARK A STEVENS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9787443224 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 69 SUMMER STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SALEM |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01970 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 65829 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 66358 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
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| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
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| IRS990/CYContributionsGrantsAmt | 0 | 4315 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 88747 |
| IRS990/CYOtherExpensesAmt | 0 | 68747 |
| IRS990/CYOtherRevenueAmt | 0 | 9131 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 19169 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 49795 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 2820 |
| IRS990/CYTotalExpensesAmt | 0 | 71567 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 121362 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 23278 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 23278 |
| IRS990/Desc | 0 | FACILITY USE |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1265851 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 49152 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 3156 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 3156 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 1084 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 171 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 1255 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 4437 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 4437 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MARK STEVENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DALE YALE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JING CAI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | AGNES BUCHANAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TARA MCMULLEN-KING |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT & TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2016 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 0 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 8881 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 74460 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 74460 |
| IRS990/GrossReceiptsAmt | 0 | 121362 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 795 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 795 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 2753 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 8259 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 11012 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 14287 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 14287 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 529791 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 595481 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 179787 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 761411 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 738133 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 917920 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 4315 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE ORGANIZATION IS A HUB FOR ARTISTIC, CULTURAL AND SOCIAL EVENTS AND PROMOTES AN APPRECIATION OF HISTORY THROUGH EDUCATIONAL EFFORTS THAT HONOR THE 19TH CENTURY BUILDING'S RICH HERITAGE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1355414 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1397425 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 74460 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 74460 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | 8881 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 8881 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -7785 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 148861 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 131574 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 5656 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 16969 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 22625 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1005 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 1005 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2010 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | CASH REWARDS |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 250 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 250 |
| IRS990/OtherRevenueTotalAmt | 0 | 250 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 1310 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1310 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 2620 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 100 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 100 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 200 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MARK STEVENS |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 721000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FACILITY USE |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 19169 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | ORGAN CONCERT |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1940 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | REPAIR CAFE |
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| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 38700 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 37349 |
| IRS990/PYOtherExpensesAmt | 0 | 140939 |
| IRS990/PYOtherRevenueAmt | 0 | 6069 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 19064 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -40789 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1032 |
| IRS990/PYTotalExpensesAmt | 0 | 141971 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 101182 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 49795 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
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| IRS990ScheduleA/FactsAndCircumstancesTestTxt | 0 | THE FIRST UNIVERSALIST SOCIETY OF SALEM DECIDED TO TRANSFORM AND REPURPOSE THE BUILDING TO SERVE THE GREATER SALEM COMMUNITY AS A NEW NONPROFIT ORGANIZATION RATHER THAN SELL IT FOR DEVELOPMENT. THIS OPENED THE DOOR TO EXPAND THE CHURCH'S TRADITION OF PROMOTING SOCIAL JUSTICE AND CULTURAL ENRICHMENT TO THE GREATER SALEM COMMUNITY AS A HUB FOR ARTS, ARTS EDUCATION, AND THE PERFORMING ARTS. WITH ITS UNIQUE PERFORMANCE SPACES, THE CONGREGATION ASPIRED TO CONTINUE TO MAINTAIN A CULTURAL LANDMARK AND MAKE IT ACCESSIBLE TO LARGE NUMBERS OF PEOPLE, WHILE CONTINUING TO HONOR THE BUILDING'S PLACE IN SALEM'S RICH HISTORIC COMMUNITY. THE BUILDING IS LISTED ON THE MASSACHUSETTS AND NATIONAL REGISTERS OF HISTORIC PLACES. BOTH THE CITY OF SALEM REDEVELOPMENT AUTHORITY AND THE MASSACHUSETTS HISTORICAL COMMISSION HOLD PRESERVATION RESTRICTIONS ON THE EXTERIOR OF THE BUILDING. IN DECEMBER OF 2016, THE NEWLY CREATED NONPROFIT 211 BRIDGE STREET CORPORATION TOOK FORMAL TITLE TO THE BUILDING, THE FIRST TIME THE BUILDING'S OWNERSHIP HAD BEEN TRANSFERRED IN MORE THAN 200 YEARS. THE FIRST UNIVERSALIST SOCIETY OF SALEM WANTED THE BRIDGE AT 211 TO SUCCEED, KNOWING IT WOULD NEED FUNDING DURING THE INITIAL YEARS. $582,890.52 WERE TRANSFERRED TO THE BRIDGE AT 211 IN FISCAL YEAR 2017 TO ESTABLISH AN ENDOWMENT. AS WITH ANY NEWLY FORMED ORGANIZATION, IT TAKES TIME TO GENERATE OPERATING INCOME. THE FUNDS HAVE SEEN MARKET APPRECIATION; HOWEVER EXCESSIVE WITHDRAWALS HAVE BEEN NECESSARY FROM THE OPERATING AND ORGAN RESTORATION FUNDS IN ORDER TO MEET BUDGET GAPS. FUNDS (STARTING DATE) AMOUNT 5/31/2023 $ CHANGE % CHANGEOPERATING (06/14/2016) $215,649.77 $113,425.63 (102,244.14) -47.4%BUILDING (02/14/2017) 355,079.41 425,541.93 73,462.52 20.7%ORGAN CONCERT (02/06/2017) 4,282.53 4,702.96 420.43 9.8%ORGAN RESTORATION (0206/2017) 7,878,81 6,423.38 (1,455.43) -18.5%TOTAL $582,890.52 $553,093.90 (29,796.62) -5.1%2. EXPLANATION OF THE PURPOSE OF CREATING A CULTURAL VENUECREATING AN ARTS AND PERFORMING ARTS CENTER IN THE BUILDING IS AN EXCELLENT USE OF THE SPACES IN THE BUILDING WHILE PROVIDING A MUCH-NEEDED VENUE FOR THE CITY OF SALEM AND THE NORTH SHORE OF MASSACHUSETTS. MURRAY HALL IS ONE OF THE FINEST PERFORMANCE SPACES ON NORTH OF BOSTON WITH SUPERIOR ACOUSTICS AND A 300-PERSON CAPACITY. WHEN THIS BUILDING WAS A CHURCH, IT OPERATED A SUCCESSFUL COFFEE HOUSE. OVER THE YEARS, THE BUILDING HAS SERVED AS AN INCUBATOR FOR AT LEAST THREE NONPROFIT ORGANIZATIONS: THE SALEM PANTRY, WHO WORKS TO PROVIDE A CONVENIENT AND RELIABLE ACCESS TO HEALTHY FOOD, OPERATED FROM OUR LOWER LEVEL FOR MORE THAN 30 YEARS; NAGLY, A NONPROFIT DEDICATED TO SUPPORT LGBTQ+ YOUTH IN THE AREA; OPERATED IN THE LOWER LEVEL AS WELL; AND SALEM ARTS ASSOCIATION INSTALLED GALLERIES IN THE BUILDING, HOSTED OPENINGS, WORKSHOPS, AND SOCIAL EVENTS. EACH OF THESE ORGANIZATIONS OUTGREW THEIR ALLOTTED SPACES. THE BUILDING HAS BEEN HOME TO A NUMBER OF THEATRICAL ORGANIZATIONS, FESTIVALS, AS WELL AS A BOUTIQUE MUSEUM.CONFIRMATION OF THE ORGANIZATION'S INTENTIONS IS CONTAINED IN AN ADAPTIVE REUSE STUDY PERFORMED BY WEBB MANAGEMENT ASSOCIATES OF NEW YORK CITY FROM 2022-2023. AS PART OF THE STUDY, OUR CONSULTANTS MET WITH LOCAL RESIDENTS, ARTISTS, ARTS ORGANIZATIONS, AND COMMUNITY LEADERS; CONDUCTED A POPULATION DATA ANALYSIS AS WELL AS A LOCAL AND REGIONAL PERFORMANCE AND REHEARSAL FACILITIES STUDY; ANALYZED LOCAL AND REGIONAL PLANNING DOCUMENTS, AND FACILITATED OPEN COMMUNITY MEETINGS TO REVIEW THEIR FINDINGS. THE EXTENSIVE RESEARCH THEY CONDUCTED SUPPORTS OUR VISION, WHICH INCLUDES DEVELOPING PROGRAMS AND PARTNERSHIPS TO BRING MUSIC, DANCE, AND THEATRE TO SALEM AND THE NORTH SHORE OF MASSACHUSETTS AS WELL AS CLASSROOMS AND REHEARSAL SPACE. BETWEEN 2016 AND 2020, THE BUILDING WAS HOME TO SEVERAL ARTS AND PERFORMING ARTS GROUPS, INCLUDING, BUT NOT LIMITED TO NEVERLAND THEATRE, THE SALEM SCOTTISH DANCERS, AND THE PREVIOUSLY MENTIONED SALEM ARTS ASSOCIATION. THE BUILDING HAS HOSTED MANY EVENTS, CONCERTS, WEDDINGS, AND |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | ACCRUAL TO CASH ADJUSTMENT |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A COPY OF THE FORM 990 IS PROVIDED TO THE OFFICERS FOR REVIEW PRIOR TO FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | AN ANNUAL STATEMENT AND PERIODIC REVIEW ARE USED TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. WHEN NEEDED, OUTSIDE EXPERTS MAY BE USED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SOME ARE AVAILABLE ON THE WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SOME ARE AVAILABLE ON THE WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARK STEVENS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-08-18 |
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| ReturnHeader/TaxPeriodEndDt | 0 | 2024-05-31 |
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