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Waterworks Preservation Trust Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264236346 ✦ Chestnut hill, MA ✦ Designated as a 501(c)(3)

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Overview

What is Waterworks Preservation Trust Inc?

Waterworks Preservation Trust Inc, located at 2450 Beacon St, Chestnut Hill, MA 02467, serves as a trustee for an endowment that benefits the Metropolitan Waterworks Museum Inc. The trust, governed by a 2005 Land Disposition Agreement, fulfills its fiduciary duties to manage this endowment. Essentially, Waterworks Preservation Trust Inc plays a crucial role in supporting the Metropolitan Waterworks Museum's operations and upkeep, ensuring the preservation and promotion of the museum's historical significance. The trust's activities contribute to the conservation of the city's water infrastructure and water-related history, offering educational and cultural experiences to the public.


Official website here: www.waterworksmuseum.org

What do the Facebook reviews say about Waterworks Preservation Trust Inc?

84% of 44 reviewers on Facebook recommend Waterworks Preservation Trust Inc. Here is a summary of their reviews:

While many appreciate the wonderful exhibits inside the museum, some visitors have expressed dissatisfaction with the overall atmosphere and staff engagement. Comments indicate that the lack of tours and interactive experiences leads to a feeling of lifelessness, detracting from the potential enjoyment of the location. As a result, some feel that the experience could be improved significantly.

On the positive side, the quality of the exhibits seems to stand out, suggesting that there is a strong foundation to build upon. Overall, there is a mix of appreciation for the museum's resources and a desire for more engaging visitor experiences.


This AI summary has been generated from reviews found on Facebook.

Is Waterworks Preservation Trust Inc legitimate?

Waterworks Preservation Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterworks Preservation Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.waterworksmuseum.org

What is the mission statement of Waterworks Preservation Trust Inc?

The Waterworks Preservation Trust Inc, in line with the stipulations of the 2005 Land Disposition Agreement, acts as a trustee for an endowment that supports the Metropolitan Waterworks Museum Inc. The primary role of Waterworks Preservation Trust Inc is to manage this endowment, serving as a fiduciary entity that ensures the financial well-being of the museum. By doing so, the Trust contributes to the preservation and continuation of the Metropolitan Waterworks Museum's operations and mission.


Official website here: www.waterworksmuseum.org

Who is the CEO of Waterworks Preservation Trust Inc?

Dennis Dewitt is the Trustee of Waterworks Preservation Trust Inc.


Official website here: www.waterworksmuseum.org

What is the revenue of Waterworks Preservation Trust Inc?

Waterworks Preservation Trust Inc's revenue in 2022 was $370,383.


Official website here: www.waterworksmuseum.org

Who are the executives of Waterworks Preservation Trust Inc and what are their salaries?

There 7 volunteers at Waterworks Preservation Trust Inc.


Here are 7 key members and their salaries:


Edward Berger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Luzier Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Cole (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Rosenthal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine C Pierce (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Dewitt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Blood (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.waterworksmuseum.org

Where can I find the form 990 for Waterworks Preservation Trust Inc?

Waterworks Preservation Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.waterworksmuseum.org

Learn more at the official website: www.waterworksmuseum.org

Mission Statement of Waterworks Preservation Trust Inc

Waterworks Preservation Trust Inc, in line with the provisions of the 2005 Land Disposition Agreement, serves as a trustee for an endowment that benefits the Metropolitan Waterworks Museum Inc. The primary mission of Waterworks Preservation Trust Inc is to manage and safeguard this endowment, ensuring its continued benefit to the Metropolitan Waterworks Museum Inc. The trust's role is crucial in maintaining the financial stability and longevity of the museum, which is dedicated to preserving and showcasing the history of waterworks and engineering in the city. By acting as a responsible steward of the endowment, Waterworks Preservation Trust Inc plays a vital role in ensuring the future of the Metropolitan Waterworks Museum Inc and its educational and cultural contributions to the community.

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Impact




October, 2024

Waterworks Preservation Trust Inc plays a crucial role in preserving the history and heritage of the Metropolitan Waterworks Museum in Chestnut Hill, MA. By acting as a trustee for the endowment established under the 2005 Land Disposition Agreement, the organization ensures sustainable financial support for the museum. This stewardship not only maintains the operational integrity of the museum but also facilitates educational programs and exhibits that promote awareness and appreciation of waterworks history.

Through its fiduciary responsibilities, the Trust helps preserve vital artifacts and historical infrastructure related to the water supply system, enabling future generations to understand the importance of water management and conservation. The impact extends beyond mere preservation; it enriches community culture through arts and educational initiatives, fostering a deeper connection between the public and the essential history of waterworks engineering and environmental stewardship.




This information is meant to be a general summary of Waterworks Preservation Trust 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.

Revenue
$370,383 (2022)
Expenses
$385,441 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $56,663
  • Program Service Revenue: $313,720
  • Gross Receipts: $370,383

Assets and Liabilities:

  • Total Assets: $2,337,888
  • Total Liabilities: $49,125
  • Net Assets: $2,288,763

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONDOMINIUM FEES

Revenue

$193,152

TRANSFER FEES

Revenue

$76,510

EASEMENT FEES

Revenue

$44,058

Organization Details

Founding Year

2006

Principal Officer

Dennis Dewitt

Main Address

2450 BEACON ST, CHESTNUT HILL, MA, 02467

NTEE Category

Code: A54 - Arts

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