Overview
What is Schwamb Mill Preservation Trust?
The Schwamb Mill Preservation Trust is a nonprofit organization situated in Arlington, Massachusetts, specifically at 17 Mill Lane. Their primary focus is on historical preservation, with a specific focus on woodworking and conservation framing education. This educational program aims to preserve historic industrial sites and teach the care and maintenance of historical machinery. The mill itself is open to the public on weekdays and by appointment, attracting over 5,000 visitors annually. The Trust conducts around 100 demonstrations of operational machinery, and one apprentice serves as an instructor, providing hands-on learning opportunities. The Trust's mission is to preserve, maintain, and enhance the Old Schwamb Mill in Arlington, Massachusetts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Schwamb Mill Preservation Trust has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 33%, the organization performs well in some areas, such as having a fully independent board and proper documentation of board meeting minutes. However, it falls short in various critical aspects, notably in transparency and governance policies.
Specifically, the Trust lacks essential policies like a conflict of interest and whistleblower policy, which raises questions about its operational integrity. Moreover, its financial health is concerning, as indicated by a poor liabilities to assets ratio and program expense ratio, suggesting that a significant portion of its resources may not be directed towards its mission.
Overall, while the organization has a strong board structure, its lack of transparency and financial accountability poses risks for stakeholders. Potential donors and supporters should carefully consider these factors before engaging with the Schwamb Mill Preservation Trust.
This AI summary has been generated from information found on Charity Navigator.
Is Schwamb Mill Preservation Trust legitimate?
Schwamb Mill Preservation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schwamb Mill Preservation Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $27,238
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What is the mission statement of Schwamb Mill Preservation Trust?
The Schwamb Mill Preservation Trust exists with the primary objective of preserving, maintaining, and enhancing an old mill in an unspecified location. Their mission encompasses the education and historical industrial preservation through an apprenticeship program in woodworking and conservation framing. The trust also provides education in the field of historic industrial preservation and the care and maintenance of historic machinery. The mill is open to the public, with over 5,000 individuals and groups visiting annually. Demonstrations of operational machinery are performed regularly, with around 100 demonstrations conducted each year. A single apprentice instructor is part of their team.
What is the revenue of Schwamb Mill Preservation Trust?
Schwamb Mill Preservation Trust's revenue in 2023 was $137,633.
Who are the executives of Schwamb Mill Preservation Trust and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Schwamb Mill Preservation Trust?
Schwamb Mill Preservation Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Schwamb Mill Preservation Trust
The Schwamb Mill Preservation Trust, an organization dedicated to education and historic industrial preservation, exists with the primary goal of preserving, maintaining, and enhancing the Old Schwamb Mill in Arlington, Massachusetts. The trust's mission is multifaceted, encompassing the preservation of the mill and its historical machinery. As part of its efforts, the trust offers an apprenticeship program in woodworking and conservation framing, providing education in historic industrial preservation and the care and maintenance of historic machinery. The mill is open to the public on weekdays and by appointment, with visits by individuals and groups exceeding 5,000 annually. The trust also conducts approximately 100 demonstrations of operational machinery, showcasing the mill's rich history and the importance of preserving industrial heritage. The trust's work is instrumental in ensuring that the Old Schwamb Mill continues to serve as a testament to the past while inspiring future generations about the importance of preserving historical sites.
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Impact
August, 2024
The impact of the Schwamb Mill Preservation Trust is significant in the realm of historic industrial preservation and education. Through its apprenticeship program in woodworking and conservation framing, the trust not only helps to preserve the historic Schwamb Mill in Arlington, Massachusetts but also imparts valuable skills and knowledge to future generations. The trust provides educational opportunities in the care and maintenance of historic machinery, showcasing operational demonstrations to over 5,000 visitors annually. By offering free access to the mill on weekdays and by appointment, the trust plays a crucial role in promoting awareness and appreciation of the rich industrial heritage of the region.
This information is meant to be a general summary of Schwamb Mill Preservation Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $10,934
- Gross Receipts: $137,633
Assets and Liabilities:
- Total Assets: $950,749
- Total Liabilities: $0
- Net Assets: $950,749
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Organization Details
Founding Year
1969
Principal Officer
Dermont Whittaker
NTEE Category
Code: A80 - Arts
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