Revere and Son Heritage Trust Corporation

Nonprofit profile at a glance

EIN
853884982
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Canton, MA, USA
Phone
6178340735
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
History Museums

Official website

Reported finances

Revenue
$471,839
Expenses
$205,186
Assets
$1,168,877
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • VICTOR DEL VECCHIO (PRESIDENT)

People named in this filing

  • VICTOR DEL VECCHIO (PRESIDENT)
  • ALAN HINES (TREASURER)
  • MATTHEW MACDONALD (CLERK)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This Corporation will manage two historic buildings and grounds located at an historic site in Canton, MA.

What it reported doing in 2024

Design, develop and manage the operations of the Paul Revere Museum of Discovery and Innovation; develop supporting attractions for public purpose; and provide educational, cultural and recreational programming at this historic site. These activities will be performed under the direction of the Corporations Board of Directors, using volunteers, employees and firms retained to provide specialized services. These activities will be funded through rental income, museum and event admissions, financial support from the Town of Canton, and public and private grants, endowments and philanthropy. Revenues and expenses for the Corporation will inure to the benefit of enhancing this historic site and furthering the education and recreational enjoyment of the public.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32%; rating input score 32
  • Program expense ratio: 73.4%; rating input score 73
  • Fundraising efficiency: $35.11 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 56.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 5.7; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -13.2% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 31.7% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 40.3% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 32% of revenue deployed · 73.4% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $151K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.