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Sears House Association Inc

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

EIN: 311717127 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Sears House Association Inc?

Sears House Association Inc is a nonprofit organization headquartered in Boston, Massachusetts, specifically at 42 Beacon Street, 02108. Their primary mission is to preserve, protect, and restore historic structures in Boston and its surrounding area, such as the Somerset Club Building. This initiative aims to cultivate a deeper understanding of the city's architectural, historical, and general cultural heritage for future generations. In 2008, they completed renovations to the Somerset Club Building, and in 2023, they raised $16,907 in contributions to fund these restorations.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Sears House Association Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement. The organization scored 73% overall, reflecting strong performance in certain areas while also revealing significant weaknesses. Notably, the board has a majority of independent members and a strong program expense ratio of 97.24%, suggesting that resources are primarily directed towards its charitable mission.

However, the rating indicates critical shortcomings, particularly in governance and transparency. The organization lacks essential policies such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which are crucial for maintaining accountability. Additionally, the missing tax form on its website raises concerns about financial transparency.

Overall, while Sears House Association Inc demonstrates strong financial management and a commitment to its programs, the absence of key governance policies highlights the need for improvement in its operational practices. The organization would benefit from addressing these gaps to enhance its credibility and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Sears House Association Inc legitimate?

Sears House Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sears House Association 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

What is the mission statement of Sears House Association Inc?

The Sears House Association Inc is dedicated to preserving, protecting, and restoring old and historic structures in its vicinity, with a focus on Boston, Massachusetts. This includes the restoration of the Somerset Club Building. The organization's primary aim is to perpetuate the further education of future generations in the architectural, historical, and general cultural heritage. Renovations to the Somerset Club Building were completed in 2008, and during fiscal year 2023, the association raised $16,907 in contributions to fund these renovations.

Who is the CEO of Sears House Association Inc?

Ronald L Skates is the President of Sears House Association Inc.

What is the revenue of Sears House Association Inc?

Sears House Association Inc's revenue in 2023 was $75,304.

Who are the executives of Sears House Association Inc and what are their salaries?

There 7 volunteers at Sears House Association Inc.


Here are 7 key members and their salaries:


Ronald L Skates (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William S Rowe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen J Pellegrino (Secretary/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard D Batchelder Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Fowler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis D Mcguire Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa M Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sears House Association Inc?

Sears House Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Sears House Association Inc

Sears House Association Inc is committed to preserving, protecting, and restoring historical structures in its surrounding area, with a primary focus on Boston, Massachusetts. Their mission is to perpetuate the education of future generations in the architectural, historical, and general cultural heritage of the region. One of the notable buildings they have worked on is the Somerset Club Building. By restoring these historical structures, Sears House Association Inc aims to contribute to the broader understanding and appreciation of the city's rich cultural heritage. During fiscal year 2008, they completed renovations on the Somerset Club Building, and in 2023, they raised $16,907 in contributions to fund further renovations. The organization's efforts in preserving and restoring historical structures not only protect these buildings for future generations but also help safeguard the city's cultural heritage and promote a sense of historical continuity.

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Impact




August, 2024

Sears House Association Inc has a significant impact on the preservation, protection, and restoration of old and historic structures in Boston, Massachusetts, and its surrounding area. The organization focuses on maintaining architectural, historic, and general cultural heritage to educate future generations. Specifically, the completion of renovations to the Somerset Club Building in fiscal year 2008 highlights their commitment to preserving important historical landmarks. In fiscal year 2023, the association successfully raised $16,907 in contributions to fund further restoration efforts, demonstrating their dedication to maintaining the cultural legacy of Boston.




This information is meant to be a general summary of Sears House Association 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
$75,304 (2023)
Expenses
$327,514 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $8,397
  • Gross Receipts: $675,304

Assets and Liabilities:

  • Total Assets: $7,447,224
  • Total Liabilities: $1,281,769
  • Net Assets: $6,165,455

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Organization Details

Founding Year

2000

Principal Officer

Ronald L Skates

Main Address

42 BEACON STREET, BOSTON, MA, 02108

NTEE Category

Code: A80 - Arts

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