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Nonprofiteer
← FREEDOM TRAIL FOUNDATION INC

Form 990 for tax year 2024

Filed by FREEDOM TRAIL FOUNDATION INC.

Totals

Total revenue
$1,769,061
Total expenses
$1,383,275
Contributions and grants received
$64,837
Grants paid
$121,251
Program service revenue
$1,564,409
Investment income
$139,815
Other revenue
$0
Total assets, end of year
$5,222,754
Total liabilities, end of year
$312,463
Net assets or fund balances, end of year
$4,910,291
Program services expenses (Part IX)
$1,020,122
Management and general expenses
$356,456
Fundraising expenses
$6,697
Program service expenses (Part III)
$1,020,122

Program services were 73.7% 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.

  • 1f · All other contributions, gifts and grants

    $64,837

  • 2a · Program service revenue: WALKING TOURS

    total $1,564,409 · related or exempt $1,564,409

  • 3 · Investment income

    total $109,078 · excluded $109,078

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $382,942

  • 7b · Less cost or other basis and sales expenses

    securities $352,205

  • 7c · Gain or loss

    securities $30,737

  • 7d · Net gain or loss

    total $30,737 · excluded $30,737

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $121,251 · program services $121,251

  • 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 $193,048 · program services $121,538 · management and general $66,510 · fundraising $5,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $559,682 · program services $508,599 · management and general $51,083

  • 8 · Pension plan contributions

    total $134 · management and general $134

  • 9 · Other employee benefits

    total $15,080 · management and general $15,080

  • 10 · Payroll taxes

    total $70,262 · program services $63,396 · management and general $6,366 · fundraising $500

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,260 · program services $2,260

  • 11c · Fees: accounting

    total $67,000 · management and general $67,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $17,050 · management and general $17,050

  • 11g · Fees: other

    total $7,148 · program services $2,924 · management and general $4,224

  • 12 · Advertising and promotion

    total $79,145 · management and general $79,145

  • 13 · Office expenses

    total $14,528 · management and general $14,528

  • 14 · Information technology

    total $16,110 · management and general $16,110

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $119,465 · program services $99,802 · management and general $18,529 · fundraising $1,134

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $6,337 · program services $5,577 · management and general $697 · fundraising $63

  • 24a · Other expenses: CREDIT CARD FEES

    total $74,726 · program services $74,726

  • 24b · Other expenses: OTHER PROGRAM RELATED EXPS

    total $20,049 · program services $20,049

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $412,845 · end of year $264,678

  • 2 · Savings and temporary cash investments

    beginning of year $16,134 · end of year $16,543

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $76,044 · end of year $69,253

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,000 · end of year $12,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,427 · end of year $24,845

  • 10a · Land, buildings and equipment: cost or other basis

    $77,025

  • 10b · Land, buildings and equipment: accumulated depreciation

    $77,025

  • 11 · Investments: publicly traded securities

    beginning of year $3,779,123 · end of year $4,616,845

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $317,237 · end of year $218,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,391 · end of year $63,493

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $7,494 · end of year $16,845

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $330,385 · end of year $232,125

  • 27 · Net assets without donor restrictions

    beginning of year $4,150,115 · end of year $4,900,000

  • 28 · Net assets with donor restrictions

    beginning of year $59,425 · end of year $10,291

Mission and programs · 2024

Mission

TO MAINTAIN, SUSTAIN, IMPROVE, AUGMENT, PROMOTE, AND PUBLICIZE A WALKING TRAIL CONNECTING BOSTON'S HISTORIC SITES. THE ORGANIZATION ALSO PROVIDES EDUCATIONAL INSIGHT AS TO THE WALKING TRAIL AND ITS RICH HISTORY.

Activities or mission (Part I)

TO MAINTAIN, IMPROVE, AUGMENT, MARKET & PROMOTE A WALKING TRAIL CONNECTING BOSTON'S HISTORIC SITES. THE ORGANIZATION ALSO PROVIDES EDUCATIONAL INSIGHT AS TO THE WALKING TRAIL AND ITS RICH HISTORY.

  • PROVIDE VISITOR SERVICES, EDUCATION PROGRAMS, AND AUDIO EQUIPMENT FOR USE ALONG THE FREEDOM TRAIL - A WALKING TRAIL CONNECTING BOSTON'S HISTORIC SITES.

    Expenses $1,020,122 · Grants $121,251 · Revenue $1,564,409

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Suzanne Taylor

    EXECUTIVE DIRECTOR

    Total calculated
    $193,048
    From this org
    $156,923
    From related orgs
    $0
    Other
    $36,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,923
    Bonus
    $0
    Other
    $0
    Deferred
    $12,991
    Nontaxable benefits
    $23,134
    Filer's total
    $193,048

  • Mark O'Toole

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Terence Ankner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rick Dimino

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Joseph G Dilorenzo

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Peter S Farnum

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Richard Berenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Borders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Bradford Gallup

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Clay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Commander Crystal Schaefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reverend Joy Fallon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Kottaridis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Lovett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Maitland-Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Nucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nat Sheidley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adrian Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nikki Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Noelle Trent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nina Zannieri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Sacco

    CLERK & DIRECTOR UNTIL 08/2024

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543189349312644

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