Old Sturbridge INC FY2024 filing

Tax-deductible

Sturbridge, MA501(c)(3)Since 1938Arts & CultureEIN 04-2104809Revenue $15.1M in FY2024

On file with the IRSosv.org1 Old Sturbridge Village Rd, 01566-1138 · Sturbridge, MATax-exempt since Oct 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Old Sturbridge village and coggeshall farm, museums and learning resources of new england life, invites each visitor to find meaning, pleasure, relevance and inspiration through the exploration of history.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$629K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $1.8M a year · 12% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$629K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.8M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.1M
+4% vs prior year
Spent
$15.6M
To programs
71%
Net assets
$16.7M
By yearFY2021–FY2024
Revenue
$15.1M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$13.1M
FY2022$18.4M
FY2023$14.4M
FY2024$15.1M
FY2024$17.2M
Expenses
$15.6M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$10.3M
FY2022$12.5M
FY2023$15.2M
FY2024$15.6M
FY2024$16.9M
Net assets
$16.7M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.5M
FY2022$17.7M
FY2023$16.4M
FY2024$16.7M
FY2024$17.5M

From the FY2024 Form 990 (year ending January 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $11.0M Management & general 19% · $2.9M Fundraising 10% · $1.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $629K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$296,376Pt VII · Sec A
VP of Finance
$129,765Pt VII · Sec A
Director of Retail Operations
$102,912Pt VII · Sec A
Senior Director of People and Culture
$100,368Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

James E Donahue’s $386K as CEO/President is at the 62nd percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
James E Donahue$385,996————
James Donahue—$296,376$298,359$288,323$242,626
Alison Carr$182,522————
Tina Krasnecky$130,219$129,765$141,679$131,606$113,946
Kara McCormick$131,073$100,368———
Brad King——$104,079$123,819$107,802
James Greenthal$119,167————
Ellen Taviano—$102,912$101,847——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and shares New England history through immersive experiences and educational resources.

Provided by the organization

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3 programs · $9.2M · in their own filed words · FY2023
01

Education & Public Programming

Provided programs and activities for learning about america's history with a focus on early new england during 1790-1840. Interpreters portrayed the daily life, work and celebrations of an early new england community to approximately 200,000 visitors, including 44,000 school children.

$6.3Mprogram expense
02

Research, Curatorial and Library

Research into the material and written sources of regional history and efforts to collect and preserve the building, objects, hand processes and cultural patterns of early new englanders. Historical collections include over 50,000 artifacts and 40,000 books and manuscripts.

$1.7Mprogram expense
03

Food Service

Provides catering for on-campus events and convenient on-site food service to visitors.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.1M
Ln 12
Gifts and grantsLn 1h$6.5M
Fees for servicesLn 2g$6.1M
Other incomeLn 4–11$2.3M
Money outPt IX
$15.6M
Ln 25
Programscol B$11.0M
Managementcol C$2.9M
Fundraisingcol D$1.6M
Owns and owesPt X
$16.7M
net assets · Ln 32
Cash and savingsLn 1–2$581K
Total assetsLn 16$28.5M
LiabilitiesLn 26$11.8M
PeoplePt VI, VII
29
listed · VII A
PaidVII A4
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.5M
Government grantsLn 1e$928K
Noncash giftsLn 1g$1.2M
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$127K
Other incomeLn 4–11$2.3M
Gains on assetsLn 7−$291K
Total revenueLn 12$15.1M
Assets in detailPt X, end of year
CashLn 1$581K
Cash and savings togetherLn 1–2$581K
InvestmentsLn 11–13$17.1M
Land, buildings, equipmentLn 10c$6.5M
Other assetsLn 15$3.3M
Total assetsLn 16$28.5M
LiabilitiesLn 26$11.8M
Net assetsLn 32$16.7M
OperationsPt I, VI
EmployeesI 5293
VolunteersI 6205
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$281K$581K
InvestmentsLn 11–13$17.9M$17.1M
Land, buildings, equipmentLn 10c$5.9M$6.5M
Total assetsLn 16$28.3M$28.5M
LiabilitiesLn 26$11.9M$11.8M
Net assetsLn 32$16.4M$16.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$451K$194K$87K$169K
Other salaries and wagesLn 7$7.2M$5.3M$1.4M$485K
Other employee benefitsLn 9$861K$646K$140K$75K
Payroll taxesLn 10$600K$445K$100K$56K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$52K$52K
Investment management feesLn 11f$117K$117K
Other fees for servicesLn 11g$204K$6K$59K$139K
Advertising and promotionLn 12$318K$175K$143K
Office expensesLn 13$789K$246K$294K$250K
OccupancyLn 16$845K$711K$114K$21K
InterestLn 20$390K$390K
Depreciation, depletion and amortizationLn 22$507K$363K$135K$10K
InsuranceLn 23$326K$298K$14K$14K
Other expenses (24a–d)Ln 24$2.9M$2.7M$97K$150K
Total functional expensesLn 25$15.6M$11.0M$2.9M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $15.1M$15.6M−$520K$16.7M 990 PDF
FY2023 $14.4M$15.2M−$742K$16.4M 990 PDF
FY2022 $18.4M$12.5M$5.9M$17.7M 990 PDF
FY2021 $13.1M$10.3M$2.7M$10.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $15,054,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,874,853$6,545,153
I-9 Program service revenuePrior year $5,246,883$6,119,624
I-10 Investment incomePrior year $120,730$127,232
I-11 Other revenuePrior year $1,180,775$2,262,759
I-12 Total revenuePrior year $14,423,241$15,054,768
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,609,671$9,082,720
I-16a Professional fundraising feesPrior year $5,000$0
I-17 Other expensesPrior year $6,550,269$6,492,533
I-18 Total expensesPrior year $15,164,940$15,575,253
I-19 Revenue less expensesPrior year −$741,699−$520,485
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,054,768 across 14 lines filed
Lines not itemized here account for $88,737 of total revenue; see the IRS return.
VIII-1a Federated campaigns$5,000
VIII-1c Fundraising events$14,425
VIII-1e Government grants$928,143
VIII-1f All other contributions, gifts and grants$5,597,585
VIII-1g Noncash contributions (included above)$1,165,467
VIII-1h Total contributions, gifts and grants$6,545,153
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,945,412 · Unrelated business $85,475$6,030,887
VIII-3 Investment incomeExcluded from tax $418,081$418,081
VIII-5 RoyaltiesExcluded from tax $4,767$4,767
VIII-6 Net rental income or lossExcluded from tax $840,136$840,136
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$290,849−$290,849
VIII-8 Net income from fundraising eventsExcluded from tax −$13,181−$13,181
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $703,673 · Excluded from tax $727,364$1,431,037
VIII-12 Total revenueRelated to mission $6,695,843 · Unrelated business $127,454 · Excluded from tax $1,686,318$15,054,768
Part IX · Statement of functional expenses $15,575,253 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $194,384 · Management $87,380 · Fundraising $168,935$450,699
IX-7 Other salaries and wagesPrograms $5,281,869 · Management $1,403,764 · Fundraising $484,753$7,170,386
IX-9 Other employee benefitsPrograms $645,762 · Management $140,499 · Fundraising $74,927$861,188
IX-10 Payroll taxesPrograms $444,645 · Management $99,539 · Fundraising $56,263$600,447
IX-11b Legal feesFundraising $24,544$24,544
IX-11c Accounting feesFundraising $51,953$51,953
IX-11f Investment management feesManagement $116,799$116,799
IX-11g Other fees for servicesPrograms $5,804 · Management $59,171 · Fundraising $138,930$203,905
IX-12 Advertising and promotionPrograms $174,809 · Fundraising $142,699$317,508
IX-13 Office expensesPrograms $246,079 · Management $293,533 · Fundraising $249,668$789,280
IX-16 OccupancyPrograms $710,765 · Management $113,581 · Fundraising $20,658$845,004
IX-20 InterestManagement $390,005$390,005
IX-22 Depreciation, depletion and amortizationPrograms $362,502 · Management $134,575 · Fundraising $9,870$506,947
IX-23 InsurancePrograms $298,468 · Management $13,560 · Fundraising $13,560$325,588
IX-24 Other expenses (24a–d)Programs $2,674,524 · Management $96,570 · Fundraising $149,906$2,921,000
IX-25 Total functional expensesPrograms $11,039,611 · Management $2,948,976 · Fundraising $1,586,666$15,575,253
Part X · Balance sheet $28,498,521 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $280,712$580,894
X-3 Pledges and grants receivableStart of year $821,006$613,150
X-4 Accounts receivableStart of year $121,243$202,632
X-8 Inventories for sale or useStart of year $160,825$188,106
X-9 Prepaid expenses and deferred chargesStart of year $42,213$59,076
X-10c Land, buildings and equipment, netStart of year $5,886,624$6,517,844
X-11 Publicly traded securitiesStart of year $17,928,032$17,053,616
X-15 Other assetsStart of year $3,058,828$3,283,203
X-16 Total assetsStart of year $28,299,483$28,498,521
X-17 Accounts payable and accrued expensesStart of year $1,027,539$771,486
X-19 Deferred revenueStart of year $273,547$375,627
X-25 Other liabilitiesStart of year $2,613,572$2,582,502
X-26 Total liabilitiesStart of year $11,947,899$11,817,592
X-27 Net assets without donor restrictionsStart of year $152,970−$1,596,016
X-28 Net assets with donor restrictionsStart of year $16,198,614$18,276,945
X-32 Total net assets or fund balancesStart of year $16,351,584$16,680,929
X-33 Total liabilities and net assetsStart of year $28,299,483$28,498,521
Part XI · Reconciliation of net assets $16,680,929 net assets at year end
XI-1 Total revenue$15,054,768
XI-2 Total expenses$15,575,253
XI-3 Revenue less expenses−$520,485
XI-4 Net assets at start of year$16,351,584
XI-5 Net unrealized gains (losses) on investments$831,345
XI-9 Other changes in net assets$18,485
XI-10 Net assets at end of year$16,680,929

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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