Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
1324 Massachusetts Avenue Foundation Inc.
EIN 99-1486153 • 501(c)3 • Cambridge, MA
Pub. 78 EligibleNTEE A82
Profile
To support restoration, maintenance and preservation of the historically and architecturally significant buildings and related structures located at 1320-1324 massachusetts avenue, cambridge, ma 02138 in the harvard square conservation district and completed in 1891, and the building located at 8 holyoke street cambridge, ma 02138 in the harvard square conservation district and completed in 1925 (the aforesaid buildings, collectively, the porcellian club), and the porcellian gate located in the harvard square conservation district and completed in 1901 (the the porcellian gate), and their supporting infrastructure. Secondary purposes include promoting an appreciation of the life of joseph mckean, founder of the porcellian club in 1791 and graduate of harvard college in the class of 1794 , and the historical significance of the porcellian club's members, through research and education.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$69,732
No earlier filing loaded for comparison.
Liabilities
$0
No earlier filing loaded for comparison.
Net Assets
$69,732
No earlier filing loaded for comparison.
Revenue
$75,469
No earlier filing loaded for comparison.
Expenses
$5,737
No earlier filing loaded for comparison.
Net Income
$69,732
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $69,732
- Liabilities
- $0
- Net assets
- $69,732
- Revenue
- $75,469
- Expenses
- $5,737
- Net income
- $69,732
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 25, 2024 to Dec 31, 2024
- Signed
- Apr 8, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $75,469
Mission and Program Overview
Mission
To support restoration, maintenance and preservation of the historically and architecturally significant buildings and related structures located at 1320-1324 massachusetts avenue, cambridge, ma 02138 in the harvard square conservation district and completed in 1891, and the building located at 8 holyoke street cambridge, ma 02138 in the harvard square conservation district and completed in 1925 (the aforesaid buildings, collectively, the porcellian club), and the porcellian gate located in the harvard square conservation district and completed in 1901 (the the porcellian gate), and their supporting infrastructure. Secondary purposes include promoting an appreciation of the life of joseph mckean, founder of the porcellian club in 1791 and graduate of harvard college in the class of 1794 , and the historical significance of the porcellian club's members, through research and education.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| LEGAL FORMATION OF THE ORGANIZATION, INCLUDING INCORPORATION, OBTAINING TAX-EXEMPT STATUS UNDER SECTION 501(C)(3), AND ESTABLISHING GOVERNANCE STRUCTURES NECESSARY TO ACHIEVE OUR MISSION DESCRIBED ON SCHEDULE O. | $0 | $22,602 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JUN IL KWUN | Director, President | - | $0 | - | - |
| DANIEL RASMUSSEN | Director, Treasurer | - | $0 | - | - |
| JONATHAN WINTHROP | Director, Clerk | - | $0 | - | - |
| WILLIAM BATTS | Director | - | $0 | - | - |
| LARS PETERSON | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The 1324 Massachusetts Ave
- EIN
- 99-1486153
- Phone
- 2149158088
- Address
- 1324 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02138
Signing Officer
- Name
- Jun Il Kwun
- Title
- President
- Phone
- 2149158088
- Signed
- 2025-04-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Spicer Jeffries Llp
- Address
- 4601 DTC BOULEVARD SUITE 700, DENVER, CO 80237
- Preparer
- Michael W Callahan
- Phone
- 3037531959
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: dividend income. Amount: 367.”
Form 990-ez, Part I, Line 14
“Description: depreciation/amortization. Amount: 587.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: organizational expenses - first year allowance. Amount: 5,000. Description: advisory fees. Amount: 150. Total to form 990-ez, line 16: 5,150.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 17,015.”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 17015 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
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| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO SUPPORT RESTORATION, MAINTENANCE AND PRESERVATION OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDINGS AND RELATED STRUCTURES LOCATED AT 1320-1324 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02138 IN THE HARVARD SQUARE CONSERVATION DISTRICT AND COMPLETED IN 1891, AND THE BUILDING LOCATED AT 8 HOLYOKE STREET CAMBRIDGE, MA 02138 IN THE HARVARD SQUARE CONSERVATION DISTRICT AND COMPLETED IN 1925 (THE AFORESAID BUILDINGS, COLLECTIVELY, THE PORCELLIAN CLUB), AND THE PORCELLIAN GATE LOCATED IN THE HARVARD SQUARE CONSERVATION DISTRICT AND COMPLETED IN 1901 (THE THE PORCELLIAN GATE), AND THEIR SUPPORTING INFRASTRUCTURE. SECONDARY PURPOSES INCLUDE PROMOTING AN APPRECIATION OF THE LIFE OF JOSEPH MCKEAN, FOUNDER OF THE PORCELLIAN CLUB IN 1791 AND GRADUATE OF HARVARD COLLEGE IN THE CLASS OF 1794 , AND THE HISTORICAL SIGNIFICANCE OF THE PORCELLIAN CLUB'S MEMBERS, THROUGH RESEARCH AND EDUCATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | LEGAL FORMATION OF THE ORGANIZATION, INCLUDING INCORPORATION, OBTAINING TAX-EXEMPT STATUS UNDER SECTION 501(C)(3), AND ESTABLISHING GOVERNANCE STRUCTURES NECESSARY TO ACHIEVE OUR MISSION DESCRIBED ON SCHEDULE O. |
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| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 2024 WAS THE INITIAL YEAR RETURN. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, SECTION A, LINE 1 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DIVIDEND INCOME. AMOUNT: 367. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 587. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ORGANIZATIONAL EXPENSES - FIRST YEAR ALLOWANCE. AMOUNT: 5,000. DESCRIPTION: ADVISORY FEES. AMOUNT: 150. TOTAL TO FORM 990-EZ, LINE 16: 5,150. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 17,015. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JUN IL KWUN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2149158088 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE 1324 MASSACHUSETTS AVE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | 1324 |
| ReturnHeader/Filer/EIN | 0 | 991486153 |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | CAMBRIDGE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02138 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SPICER JEFFRIES LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4601 DTC BOULEVARD SUITE 700 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DENVER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 80237 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3037531959 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHAEL W CALLAHAN |
| ReturnHeader/ReturnTs | 0 | 2025-04-08T16:32:21-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-25 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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