The 1324 Massachusetts Ave Foundation Inc

Nonprofit profile at a glance

EIN
991486153
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025
Location
Cambridge, MA, USA
Phone
2149158088
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Historical Societies & Historic Preservation

Reported finances

Revenue
$33,498
Expenses
$3,323
Assets
$99,907
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JUN IL KWUN (DIRECTOR, PRESIDENT)

People named in this filing

  • JUN IL KWUN (DIRECTOR, PRESIDENT)
  • DANIEL RASMUSSEN (DIRECTOR, TREASURER)
  • JONATHAN WINTHROP (DIRECTOR, 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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support restoration, maintenance and preservation of the historically and architecturally significant buildings and related structures located at 1320-1324 Massachusetts avenue, cambridge, ma 02138 in the harvard square conservation district and completed in 1891, and the building located at 8 holyoke street cambridge, ma 02138 in the harvard square conservation district and completed in 1925 (the aforesaid buildings, collectively, the porcellian club), and the porcellian gate located in the harvard square conservation district and completed in 1901 (the the porcellian gate), and their supporting infrastructure. Secondary purposes include promoting an appreciation of the life of joseph mckean, founder of the porcellian club in 1791 and graduate of harvard college in the class of 1794 , and the historical significance of the porcellian club's members, through research and education.

What it reported doing in 2025

Continued raising funds to support the organization's charitable mission described on schedule o.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 89
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 90.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 30.07; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -200% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -77% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 35.6% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.