2024-11-01T16:44:55-05:00 2023-12-31 BDO USA ONE INTERNATIONAL PLACE BOSTON MA 02110 990 2023-01-01 042440031 Freedom Trail Foundation Inc % SUZANNE TAYLOR FREE 6173578300 44 School Street Suite 250 Boston MA 02108 JOSEPH G DILORENZO TREASURER 6173578300 2024-10-14 true true Brian Vigneault P00540650 6174220700 2024-09-27 2023 2024-10-15 13:58:12Z JOSEPH G DILORENZO 44 School Street Suite 250 Boston MA 02108 2101833 false X WWW.THEFREEDOMTRAIL.ORG X 1958 MA TO MAINTAIN, IMPROVE, AUGMENT, MARKET AND PROMOTE A WALKING TRAIL CONNECTING BOSTON'S HISTORIC SITES. (SEE SCHEDULE O.) 20 20 33 22 0 0 124801 151447 1139832 1478847 102971 81738 0 0 1367604 1712032 0 0 0 0 619893 766998 0 0 6712 406733 438403 1026626 1205401 340978 506631 3894463 4639810 575327 430270 3319136 4209540 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. false false 859198 0 1478847 PROVIDE VISITOR SERVICES, EDUCATION PROGRAMS, AND AUDIO EQUIPMENT FOR USE ALONG THE FREEDOM TRAIL - A WALKING TRAIL CONNECTING BOSTON'S HISTORIC SITES. 859198 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 33 true false false false false false false false false false false false false X 20 20 false false false false false false false true true false false true true true true true true true false false MA X X SUZANNE TAYLOR 6173578300 44 SCHOOL STREET SUITE 250 BOSTON MA 02108 SUZANNE TAYLOR EXECUTIVE DIRECTOR 40.0 0.0 X 133868 0 21434 MARK O'TOOLE CHAIR 5.0 0.0 X X 0 0 0 TERENCE ANKNER VICE CHAIR 2.0 0.0 X X 0 0 0 RICK DIMINO VICE CHAIR 2.0 0.0 X X 0 0 0 JOSEPH G DILORENZO TREASURER 5.0 0.0 X X 0 0 0 PAUL SACCO CLERK 2.0 0.0 X X 0 0 0 PETER ABBOTT DIRECTOR 1.0 0.0 X 0 0 0 RICHARD BERENSON DIRECTOR 1.0 0.0 X 0 0 0 JOHN BORDERS DIRECTOR 1.0 0.0 X 0 0 0 EMILY BRADFORD GALLUP DIRECTOR 1.0 0.0 X 0 0 0 REVEREND JOY FALLON DIRECTOR 1.0 0.0 X 0 0 0 PETER S FARNUM DIRECTOR 1.0 0.0 X 0 0 0 COMMANDER BILLIE JUNE FARRELL DIRECTOR 1.0 0.0 X 0 0 0 KATHY KOTTARIDIS DIRECTOR 1.0 0.0 X 0 0 0 JOE LOVETT DIRECTOR 1.0 0.0 X 0 0 0 JOHN NUCCI DIRECTOR 1.0 0.0 X 0 0 0 NAT SHEIDLEY DIRECTOR 1.0 0.0 X 0 0 0 ADRIAN SMITH DIRECTOR 1.0 0.0 X 0 0 0 NIKKI STEWART DIRECTOR 1.0 0.0 X 0 0 0 NOELLE TRENT DIRECTOR 1.0 0.0 X 0 0 0 NINA ZANNIERI DIRECTOR 1.0 0.0 X 0 0 0 133868 0 21434 1 false true false 0 83500 67947 151447 WALKING TOURS 561520 1478847 1478847 1478847 85700 85700 0 0 0 0 0 385839 389801 -3962 -3962 -3962 0 0 0 0 0 0 0 0 0 0 1712032 1478847 81738 0 0 0 0 155302 107094 43208 5000 0 530724 480525 50199 2678 2678 21677 21677 56617 46410 9707 500 0 1348 1348 65844 65844 0 0 14153 14153 10693 6538 4155 57097 57097 13264 13264 38852 38852 0 120615 101460 18002 1153 0 0 0 0 0 0 5952 5238 655 59 CREDIT CARD FEES 63733 63733 OTHER PROGRAM RELATED EXPS 46852 46852 1205401 859198 339491 6712 458189 412845 6125 16134 0 0 40292 76044 0 0 0 0 0 0 0 0 47510 38427 77025 77025 2927773 3779123 0 0 0 0 0 0 414574 317237 3894463 4639810 152121 99885 0 0 0 0 0 0 0 0 0 0 0 0 0 0 423206 330385 575327 430270 X 3216000 4150115 103136 59425 3319136 4209540 3894463 4639810 506631 383773 X false true X true false X 105866 42552 312483 124801 151447 737149 1479922 84017 323784 1139832 1478847 4506402 0 0 0 1585788 126569 636267 1264633 1630294 5243551 0 4443 785 0 0 5228 0 0 4443 785 0 0 5228 5238323 44876 49828 51194 55872 85700 287470 0 44876 49828 51194 55872 85700 287470 0 17500 170018 0 0 0 187518 1648164 346415 687461 1320505 1715994 5718539 0.91602 0.89487 0.05027 0.04237 X PART III, LINE 12: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77025 77025 0 0 RIGHT-OF-USE-ASSET 317237 317237 0 LEASE LIABILITY 330385 330385 X 2107951 383773 12146 395919 1712032 1712032 1217547 12146 12146 1205401 1205401 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ORGANIZATION (NOT A PRIVATE FOUNDATION) FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DONORS MAY DEDUCT CONTRIBUTIONS MADE TO THE FOUNDATION BASED ON INTERNAL REVENUE CODE REGULATIONS. THE FOUNDATION ANNUALLY EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATIONS AND FINANCIAL POSITION. UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE FOUNDATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE FOUNDATION HAS FILED ALL APPLICABLE RETURNS, AS REQUIRED, IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. X X X false false false false false false false false false SUZANNE TAYLOR EXECUTIVE DIRECTOR 133868 0 0 0 0 0 4140 0 17294 0 155302 0 0 0 FORM 990, PART I, LINE I, DESCRIPTION OF ORGANIZATION MISSION: THE ORGANIZATION ALSO PROVIDES EDUCATIONAL INSIGHT AS TO THE WALKING TRAIL AND ITS RICH HISTORY. FORM 990, PART VI, SECTION B, LINE 11: THE EXECUTIVE DIRECTOR PROVIDES BOARD MEMBERS WITH A COPY OF THE FINAL DRAFT VERSION FORM 990, AND THE BOARD TREASURER REVIEWS AND APPROVES THE FINAL DRAFT VERSION OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: EACH PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. IN ADDITION, EACH PERSON SHALL DISCLOSE ON THE ANNUAL STATEMENT ANY RELATIONSHIPS, CIRCUMSTANCES, OR POSITIONS IN WHICH THE PERSON OR A FAMILY MEMBER IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. EXCEPT TO THE EXTENT ADDITIONAL INFORMATION IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIE CONFLICT OF INTEREST POLICY, ANY SUCH INFORMATION REGARDING AN INTERESTED PERSON OR A FAMILY MEMBER SHALL REMAIN CONFIDENTIAL. FORM 990, PART VI, SECTION B, LINE 15: THE EXECUTIVE COMMITTEE SHALL RECOMMEND TO THE BOARD THE COMPENSATION OF THE EXECUTIVE DIRECTOR AT AN AMOUNT WHICH, IN THE EXECUTIVE COMMITTEE'S REASONABLE JUDGEMENT, REFLECTS THE COMPENSATION THAT IS AN APPROPRIATE INCENTIVE TO ATTRACT AND RETAIN A PERSON TO SERVE AS EXECUTIVE DIRECTOR OF THE FOUNDATION. IT IS THE RESPONSIBILITY OF THE EXECUTIVE DIRECTOR TO CREATE NEW POSITIONS AND TO HIRE COVERED PERSONS (DEFINED AS STAFF OTHER THAN EXECUTIVE DIRECTOR) AND TO DETERMINE COMPENSATION FOR THOSE HIRES CONSISTENT WITH THIS POLICY. THE COMPENSATION SHALL BE SET AT A LEVEL REQUIRED TO ATTRACT AND RETAIN OUTSTANDING EMPLOYEES. THE EXECUTIVE COMMITTEE WILL APPROVE COMPENSATION FOR ALL COVERED PERSONS. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MARKS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH GUIDESTAR. THE ORGANIZATION HAS ALSO FILED ITS ARTICLES OF ORGANIZATION WITH THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS WHICH INCLUDE ITS ACTIVITIES, COMPENSATION AND OTHER FINANCIAL ARRANGEMENTS, AND ITS CONFLICT OF INTEREST POLICY, FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S ANNUAL REPORT FILING FOR PUBLIC CHARITIES WITH THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS WHICH INCLUDES A COPY OF FORM 990.