Gore Place Society in Waltham, Massachusetts (MA)

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Gore Place Society
Employer Identification Number (EIN)042104254
Name of OrganizationGore Place Society
In Care of NameSusan Robertson
Address52 Gore St, Waltham, MA 02453-6866
ActivitiesOther school related activities, Historical site, records or reenactment, Museum, zoo, planetarium, etc.
SubsectionCharitable Organization
Ruling Date10/1946
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$9,349,059
Amount of Income$8,600,637
Form 990 Revenue Amount$539,195
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: History Museums


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Amount of income in 2012: $8,600,637
This organization: 

 $8,600,637
Other organizations performing similar types of work: 

 $84,165

Assets in 2012: $9,349,059
Gore Place Society: 

 $9,349,059
Other organizations performing similar types of work: 

 $304,153

Expenses in 2007: $554,530
Gore Place Society: 

 $554,530
Other organizations performing similar types of work: 

 $795,012

Income to expenses ratio in 2007: 12.3
This organization: 

 12.3
Other organizations performing similar types of work: 

 10.7

Expenses allocated to program services in 2007: 56.5%
This organization: 

 56.5%
Other organizations performing similar types of work: 

 56.5%

Number of employees in 2007: 9
This organization: 

 9
Other organizations performing similar types of work: 

 13

Employees paid over $50,000 in 2007: 11.1%
This organization: 

 11.1%
Other organizations performing similar types of work: 

 11.1%

Grants share in income in 2007: 11.2%
Gore Place Society: 

 11.2%
Other organizations performing similar types of work: 

 77.6%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2007
Total revenue$6,802,578
Contributions, gifts, grants, and similar amounts received$761,235
Contributions to donor advised funds$0
Direct public support$739,673
Indirect public support$0
Government contributions (grants)$21,562
Program service revenue including government fees and contracts$14,054
Membership dues and assessments$23,185
Interest on savings and temporary cash investments$0
Dividends and interest from securities$57,383
Net rental income or (loss)$171,538
Gross rents$171,538
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$5,720,746
Gross amount from sales of assets other than inventory$27,003,188
Less: cost or other basis and sales expenses$21,282,442
Net income or (loss) from special events and activities$54,437
Gross revenue$130,553
Less: direct expenses other than fundraising expenses$76,116
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$0
Total expenses$554,530
Program services$313,305
Management and general$214,290
Fundraising$26,935
Payments to affiliates$0
Net assets or fund balances at end of year$8,060,098
Excess or (deficit) for the year$6,248,048
Net assets or fund balances at beginning of year$2,216,486
Other changes in net assets or fund balances$-404,436
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$554,530$313,305$214,290$26,935
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$76,957$19,239$30,783$26,935
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$162,559$112,231$50,328$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$8,850$4,857$3,993$0
Payroll taxes$20,055$11,008$9,047$0
Professional fundraising fees$0$0$0$0
Accounting fees$22,410$0$22,410$0
Legal fees$0$0$0$0
Supplies$3,931$3,931$0$0
Telephone$3,430$0$3,430$0
Postage and shipping$3,708$0$3,708$0
Occupancy$24,304$24,304$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$1,736$1,736$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$305$0$305$0
Interest$0$0$0$0
Depreciation, depletion, etc.$41,098$36,950$4,148$0
Other expenses not covered above$185,187$99,049$86,138$0
Balance Sheets
2007
Total assets$8,093,930
Cash - non-interest-bearing$90,070
Savings and temporary cash investments$93,206
Accounts receivable less allowance for doubtful accounts$32,670
Pledges receivable less allowance for doubtful accounts$313,762
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$2,199
Prepaid expenses and deferred charges$18,978
Investments - publicly-traded securities$6,738,229
Investments - other securities$0
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$804,816
Other assets, including program-related investments$0
Total liabilities$33,832
Accounts payable and accrued expenses$33,832
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$8,093,930
Total net assets or fund balances$8,060,098
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2007
Total revenue$6,802,578
Total revenue, gains, and other support per audited financial statements$6,403,262
Other expenses$-399,316
Net unrealized gains on investments$-404,436
Donated services and use of facilities$15,135
Recoveries of prior year grants$0
Other$-10,015
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2007
Total expenses$554,530
Total expenses and losses per audited financial statements$559,650
Other revenue$15,135
Donated services and use of facilities$15,135
Prior year adjustments$0
Losses$0
Other$0
Other expenses$10,015
Investment expenses$10,015
Other$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$76,957$1,425$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings21
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20069
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$5,949,667$91,676
Program service revenue
Program service revenue 1000000$000$0$14,054
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$23,185
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$57,383$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$171,538$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Income from the sale of merchandise, substantially all of which (at least 85%) was donated to the organization (section 513(a)(3))$5,720,746$0
Net income or (loss) from special events000000$000$0$54,437
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2006
Total$731,819
Gifts, grants, and contributions received$449,577
Membership fees received$12,436
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$65,756
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$204,050
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,981,909
Contributions, Gifts, Grants and Other Similar Amounts$1,634,395
Program Service Revenue$15,923
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$186,811
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$59,503
Gross rents (Real / Personal)$79,378 / $0
Less: rental expenses (Real / Personal)$19,875 / $0
Rental income or (loss) (Real / Personal)$59,503 / $0
Net gain from sales of assets other than inventory$5,247
Gross amount from sales of assets other than inventory (Securities / Other)$4,718,076 / $0
Less: cost or other basis and sales expenses (Securities / Other)$4,712,829 / $0
Gain or (loss) (Securities / Other)$5,247 / $0
Net income from fundraising events$71,411
Gross income from fundraising events$138,754
Less: direct expenses$67,343
Net income from gaming activities$0
Net income from sales of inventory$3,752
Gross sales of inventory, less returns and allowances$9,236
Less: cost of goods sold$5,484
Miscellaneous Revenue$4,867
Statement of Functional Expenses (for 2011)
Total functional expenses$593,085
Compensation of current officers, directors, trustees, and key employees$81,635
Other salaries and wages$209,232
Payroll taxes$26,769
Professional fundraising services$0
Other$275,449
Balance Sheet (for 2011)
Total assets$9,545,167
Total liabilities$22,659
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$22,659
Total net assets or fund balances$9,522,508
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$3,863,717
Gifts, grants, contributions, and membership fees received$2,753,681
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,110,036
Gross receipts from related activities, etc.$79,674
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Gore Place Society52 Gore St, Waltham, MA 02453-6866MA1946-10$8,600,637
2Foundation Of The American Academy Of Ophthalmology655 Beach St, San Francisco, CA 94109-1342CA1980-09$5,672,484
3Gunston Hall Regents Fund10709 Gunston Rd, Lorton, VA 22079-3901VA1983-06$2,205,494
4Hiram Township Historical Society IncPo Box 1775, Hiram, OH 44234OH1973-11$77,224
5Lahaina Restoration Foundation120 Dickenson St, Lahaina, HI 96761-1224HI1964-11$1,439,957
6Amistad America Inc746 Chapel St Ste 300, New Haven, CT 06510-3102CT1998-08$1,290,674
7Madison Historical Society IncPO BOX 17, Madison, CT 06443-0017CT1962-12$1,119,063
8Military Vehicle Technology Foundation208 College St, Mountain View, CA 94040-1614CA1998-10$849,176
9Laura Ingalls Wilder Home Association3068 Highway A, Mansfield, MO 65704-8104MO1960-09$660,989
10Monroe County Heritage Museum IncP O Box 1637, Monroeville, AL 36461AL1998-04$625,417
11Poplar Grove Foundation Inc10200 Us Highway 17, Wilmington, NC 28411-6854NC1996-02$588,499
12Asian American Writers Workshop Inc16 W 32nd St Ste 10a, New York, NY 10001-3814NY1993-08$533,906
13Historical And Cultural Society Of Clay County202 1st Ave N, Moorhead, MN 56560-1985MN1956-03$504,417
14Early Music America Inc801 Vinial St Ste 300, Pittsburgh, PA 15212-5177PA1988-08$438,056
15Golden Ball Tavern TrustPO BOX 223, Weston, MA 02493-0001MA1965-02$404,308
16Hearst Castle Preservation FoundationPO BOX 192955, San Francisco, CA 94119-2955CA1992-07$236,182
17Grand Traverse Lighthouse MuseumPO BOX 43, Northport, MI 49670-0043MI1987-01$228,631
18Lea County Museum Inc103 S Love St, Lovington, NM 88260-4218NM1998-02$170,944
19Beavertail Lighthouse Museum AssnPO BOX 83, Jamestown, RI 02835-0083RI1994-06$156,743
20Attleboro Area Industrial Museum Inc42 Union Street, Attleboro, MA 02703-2948MA1976-09$104,818
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas3
Arizona5
California15
Colorado3
Connecticut3
District of Columbia1
Florida10
Georgia5
Hawaii1
Iowa2
Idaho1
Illinois7
Indiana10
Kansas2
Louisiana2
Massachusetts4
Maryland1
Maine4
Michigan12
Minnesota2
Missouri7
Mississippi1
Montana3
North Carolina6
Nebraska4
New Hampshire1
New Jersey1
New Mexico1
New York6
Ohio12
Oklahoma5
Oregon1
Pennsylvania8
Rhode Island1
Tennessee2
Texas10
Utah2
Virginia8
Vermont2
Washington2
Wisconsin5
West Virginia2
Total188

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