Overview
What is Edith Wharton Restoration Inc?
Edith Wharton Restoration Inc is a Massachusetts-based nonprofit organization, established in 1978, with a primary mission to preserve and showcase The Mount, a National Historic Landmark estate designed by renowned author Edith Wharton. Serving over 70,000 visitors annually, the organization offers more than just tours. It also hosts a variety of cultural programs, including readings, lectures, and performances, making The Mount a dynamic center for art and literature enthusiasts. The nonprofit's activities are supported by a dedicated workforce of 69 individuals, whose salaries and related costs are considered part of the program expenses. The organization's primary focus is to ensure the preservation of The Mount, making it accessible for future generations to appreciate the legacy of Edith Wharton.
Official website here: www.edithwharton.org
What are the reviews and ratings of this charity?
Charity Navigator rates Edith Wharton Restoration Inc with a Four-Star out of Four Star rating, achieving an impressive score of 92%. This high score reflects the organization's strong emphasis on accountability and financial management, showcasing its commitment to transparency and responsible use of funds.
The nonprofit excels in several key areas, including having a completely independent board and a robust audit and oversight committee. Additionally, it maintains a strong program expense ratio of 82.55%, indicating that a significant portion of its budget is allocated directly to its programs and services rather than administrative costs. The presence of whistleblower and conflict of interest policies further enhances its governance.
Despite its strengths, as with any organization, it's essential for potential donors and stakeholders to continuously monitor and assess its financial health and program impact. Overall, Edith Wharton Restoration Inc demonstrates solid financial practices and a commitment to its mission, making it a trustworthy option for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Edith Wharton Restoration Inc legitimate?
Edith Wharton Restoration Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edith Wharton Restoration Inc 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:
Executive Compensation: $159,535
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,209,659
For more financial information, click here
Official website here: www.edithwharton.org
What is the mission statement of Edith Wharton Restoration Inc?
Edith Wharton Restoration Inc, established in 1978, was incorporated with the primary objective of preserving The Mount, a National Historic Landmark designed by Edith Wharton, from commercial development. Today, The Mount serves as both a historical site and a cultural center, inspiring its creator's passions and achievements. The organization attracts over 70,000 visitors annually, inviting them to explore the estate or participate in various events such as readings, lectures, performances, and other programs. By doing so, Edith Wharton Restoration Inc fosters an appreciation for the rich history and cultural significance of The Mount.
Official website here: www.edithwharton.org
Who is the CEO of Edith Wharton Restoration Inc?
Susan Wissler is the Executive Director of Edith Wharton Restoration Inc.
Official website here: www.edithwharton.org
What is the revenue of Edith Wharton Restoration Inc?
Edith Wharton Restoration Inc's revenue in 2023 was $3,149,197.
Official website here: www.edithwharton.org
Who are the executives of Edith Wharton Restoration Inc and what are their salaries?
The average compensation at Edith Wharton Restoration Inc during 2023 was $19,843. There are 69 employees and 19 volunteers at Edith Wharton Restoration Inc.
Here are 20 key members and their salaries:
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Official website here: www.edithwharton.org
Where can I find the form 990 for Edith Wharton Restoration Inc?
Edith Wharton Restoration Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edithwharton.org
Learn more at the official website: www.edithwharton.org
Mission Statement of Edith Wharton Restoration Inc
Edith Wharton Restoration Inc, established in 1978, is dedicated to preserving the National Historic Landmark estate of renowned author Edith Wharton, known as The Mount. The organization's primary mission is twofold: firstly, to safeguard The Mount from potential commercial development, and secondly, to transform it into a cultural hub inspired by Wharton's life and works.
The Mount serves as a significant attraction, welcoming over 70,000 visitors annually from various parts of the United States and abroad. These visitors are drawn to the estate for its historical value and to participate in a diverse range of programs offered by Edith Wharton Restoration Inc. These programs include literary readings, educational lectures, performances, and various other events that aim to explore and celebrate the legacy of Edith Wharton.
By preserving and promoting The Mount as both a historical site and a cultural center, Edith Wharton Restoration Inc honors the heritage of its creator while engaging a wide audience in the appreciation of her literary accomplishments. The organization's mission is instrumental in keeping Wharton's spirit alive, offering visitors a unique opportunity to connect with her life and times through the estate that served as her home and inspiration.
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Impact
July, 2024
Edith Wharton Restoration Inc, through its flagship program at The Mount in Lenox, MA, has a significant impact on preserving and promoting the legacy of Edith Wharton and enriching cultural experiences for visitors. The organization welcomes over 70,000 visitors annually, offering tours of the historic estate and a variety of cultural programs such as readings, lectures, and performances. By providing these opportunities, Edith Wharton Restoration Inc not only safeguards The Mount from commercial development but also fosters a greater appreciation for arts and literature inspired by Edith Wharton's work.
This information is meant to be a general summary of Edith Wharton Restoration Inc. 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: -$162,538
- Program Service Revenue: $754,936
- Gross Receipts: $10,765,264
Assets and Liabilities:
- Total Assets: $18,882,773
- Total Liabilities: $395,387
- Net Assets: $18,487,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$102,467
TOUR REVENUE
Revenue
$652,469
Organization Details
Founding Year
1978
Phone
(413) 551-5100Principal Officer
Susan Wissler
Main Address
PO BOX 974 2 PLUNKETT STREET, LENOX, MA, 01240
Website
www.edithwharton.orgNTEE Category
Code: A80 - Arts
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