Form 990 for tax year 2024
Filed by NEW ENGLAND CAROUSEL MUSEUM INC.
Totals
- Total revenue
- $507,117
- Total expenses
- $498,957
- Contributions and grants received
- $346,551
- Grants paid
- $0
- Program service revenue
- $88,791
- Investment income
- $71
- Other revenue
- $71,704
- Total assets, end of year
- $898,792
- Total liabilities, end of year
- $206,077
- Net assets or fund balances, end of year
- $692,715
- Program services expenses (Part IX)
- $261,143
- Management and general expenses
- $188,334
- Fundraising expenses
- $49,480
- Program service expenses (Part III)
- $261,143
Program services were 52.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$7,115
-
1c · Fundraising events
$6,982
-
1f · All other contributions, gifts and grants
$332,454
-
2a · Program service revenue: Admissions
total $29,633 · related or exempt $29,633
-
2b · Program service revenue: Carousel Rides
total $1,768 · related or exempt $1,768
-
2c · Program service revenue: Educational Programs
total $16,427 · related or exempt $16,427
-
2d · Program service revenue: Restoration
total $34,176 · related or exempt $34,176
-
2e · Program service revenue: Tours
total $6,787 · related or exempt $6,787
-
3 · Investment income
total $71 · excluded $71
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $58,303
-
6c · Rental income or loss
real property $58,303
-
6d · Net rental income or loss
total $58,303 · related or exempt $58,303
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$5,296
-
8a · Fundraising events: contributions included on line 1c
$6,982
-
8b · Fundraising events: direct expenses
$5,863
-
8c · Net income from fundraising events
total -$567
-
9a · Gaming: gross income
$16,967
-
9b · Gaming: direct expenses
$6,818
-
9c · Net income from gaming
total $10,149 · related or exempt -$511 · excluded -$2,207
-
10a · Gross sales of inventory
$6,061
-
10b · Cost of goods sold
$2,242
-
10c · Net income from sales of inventory
total $3,819 · excluded $3,819
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $36,539 · management and general $18,269 · fundraising $18,270
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $176,285 · program services $87,800 · management and general $67,896 · fundraising $20,589
-
8 · Pension plan contributions
total $2,621 · management and general $2,621
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $18,665 · program services $7,392 · management and general $7,584 · fundraising $3,689
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $625 · management and general $625
-
11c · Fees: accounting
total $3,231 · management and general $3,231
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $6,334 · program services $5,204 · management and general $796 · fundraising $334
-
12 · Advertising and promotion
total $5,349 · program services $119 · management and general $2,987 · fundraising $2,243
-
13 · Office expenses
total $14,660 · program services $1,004 · management and general $11,930 · fundraising $1,726
-
14 · Information technology
total $5,582 · program services $261 · management and general $5,020 · fundraising $301
-
15 · Royalties
total $0
-
16 · Occupancy
total $72,416 · program services $64,527 · management and general $7,089 · fundraising $800
-
17 · Travel
total $155 · program services $155
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $565 · management and general $565
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $45,986 · program services $45,986
-
23 · Insurance
total $39,471 · program services $35,475 · management and general $3,996
-
24a · Other expenses: MISCELLANEOUS
total $56,766 · program services $2,345 · management and general $54,421
-
24b · Other expenses: EVENT & EXHIBITION MATERIALS
total $8,961 · program services $6,720 · management and general $779 · fundraising $1,462
-
24c · Other expenses: RESTORATION
total $3,937 · program services $3,937
-
24d · Other expenses: PRINTING & PUBLICATIONS
total $425 · management and general $359 · fundraising $66
-
24e · All other expenses
total $384 · program services $218 · management and general $166
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,388 · end of year $63,311
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $9,831 · end of year $6,596
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $1,127 · end of year $1,127
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,345,940
-
10b · Land, buildings and equipment: accumulated depreciation
$643,286
-
10c · Land, buildings and equipment, net
beginning of year $748,640 · end of year $702,654
-
11 · Investments: publicly traded securities
beginning of year $17,681 · end of year $21,310
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $18,720 · end of year $103,794
-
17 · Accounts payable and accrued expenses
beginning of year $96,036 · end of year $138,803
-
19 · Deferred revenue
beginning of year $10,804 · end of year $32,274
-
23 · Secured mortgages and notes payable
end of year $35,000
-
24 · Unsecured notes and loans payable
beginning of year $25,579
-
25 · Other liabilities
beginning of year $1
-
27 · Net assets without donor restrictions
beginning of year $658,647 · end of year $689,702
-
28 · Net assets with donor restrictions
beginning of year $22,320 · end of year $3,013
Mission and programs · 2024
Mission
ACQUISITION, RESTORATION AND PRESERVATION OF CAROUSEL ARTIFACTS.
-
THE ORGANIZATION OPERATES A MUSEUM FOR DISPLAYING CAROUSEL MEMORABILIA, PROVIDING TOURS AND EDUCATING THE GENERAL PUBLIC. THE MUSEUM ALSO PROVIDES CAROUSEL HORSE RESTORATION SERVICES. IN ADDITION, THE ORGANIZATION MAINTAINS AN OPERATING CAROUSEL FOR THE PLEASURE OF THE GENERAL PUBLIC.
Expenses $261,143 · Revenue $88,790
As filed on the 2024 return.
Listed in Part VII
-
Morgan Urgo
Executive Dir.
- Total calculated
- $44,281
- From this org
- $44,281
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Zak Jalowiecki
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Richard Hart
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kara Sardilli
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer O'Connor
President
- Total calculated
- $0
- Hours/week
- 1
-
Chris DeMatteo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Arthur Bud Funk
Director
- Total calculated
- $0
- Hours/week
- 1
-
Victoria Biondi MDVICTORIA BIONDI MD
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Darcy FitzsimonsDARCY FITZSIMONS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cate MahoneyCATE MAHONEY
President Elect
- Total calculated
- $0
- Hours/week
- 1
-
Brian OnofrioBRIAN ONOFRIO
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 June 2026
- IRS schema version
- 2024v5.2
- Source object
- 202601669349301435
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