Share |

Paul Revere Memorial Association Corp.

 19 North Square
 Boston, MA 02113
[P] (617) 523-2338
[F] (617) 523-1775
Nina Zannieri Nina Zannieri
Facebook Twitter
 Printable Profile (Summary / Full)
EIN 04-2104820

LAST UPDATED: 04/17/2018
Organization DBA Paul Revere House
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No


Mission StatementMORE »

The Paul Revere Memorial Association has been one of Boston's most important historical resources for over 100 years.  Our mission has  expanded from its original focus on the legacy of Paul Revere to include interpreting our two historic homes as reflection of the colorful history of our neighborhood. The Association’s current mission is “to share the legacy of Paul Revere, his life, home, and neighborhood by preserving two of Boston’s oldest homes and by providing a local, national, and international audience with remarkable educational experiences.”  Our properties are National Historic Landmarks and the Association has been accredited by the American Alliance of Museums since 1985. 

Mission Statement

The Paul Revere Memorial Association has been one of Boston's most important historical resources for over 100 years.  Our mission has  expanded from its original focus on the legacy of Paul Revere to include interpreting our two historic homes as reflection of the colorful history of our neighborhood. The Association’s current mission is “to share the legacy of Paul Revere, his life, home, and neighborhood by preserving two of Boston’s oldest homes and by providing a local, national, and international audience with remarkable educational experiences.”  Our properties are National Historic Landmarks and the Association has been accredited by the American Alliance of Museums since 1985. 

FinancialsMORE »

Fiscal Year Jan 01, 2016 to Dec 31, 2016
Projected Income $1,050,000.00
Projected Expense $1,040,000.00

ProgramsMORE »

  • Living History Programs
  • Teacher Workshops
  • Tours for General Visitors
  • Web-Based Programs and Resources
  • Youth Programs

Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Mission Statement

The Paul Revere Memorial Association has been one of Boston's most important historical resources for over 100 years.  Our mission has  expanded from its original focus on the legacy of Paul Revere to include interpreting our two historic homes as reflection of the colorful history of our neighborhood. The Association’s current mission is “to share the legacy of Paul Revere, his life, home, and neighborhood by preserving two of Boston’s oldest homes and by providing a local, national, and international audience with remarkable educational experiences.”  Our properties are National Historic Landmarks and the Association has been accredited by the American Alliance of Museums since 1985. 

Background Statement

The Association was incorporated in 1907 after Revere family members, preservationists and concerned citizens joined forces to purchase and preserve the Paul Revere House. Though their immediate agenda was saving the house from continued deterioration and threatened demolition, their original mission statement, which combined education and preservation, proved that their goals were broader. The restored Revere House opened in 1908.  Even as a all volunteer run organization the House fairly quickly became a destination. Over the years in Boston, collaborations have emerged which serve historic sites like ours. The Freedom Trail was developed as a marketing tool in 1951. The Association expanded in 1970 by acquiring the adjacent Hichborn House. In 1974, the Boston National Historical Park was created as a unique partnership park. Cooperative agreements between the Park Service and the private sites allow for mutually beneficial collaborations, special services, and grants when available, along with the continued independent operation of sites, like ours, which have the means, commitment and expertise to do so. In anticipation of the Bicentennial the Association hired its first professional director. Since then, the museum has grown considerably with $1,000,000 invested in major preservation projects, annual operating surpluses, innovative educational programs, the creation of an endowment that now stands at $3.7 million, and over $20,000 in free programs offered each year. The Association is in essence a small, nationally recognized cultural institution with far-reaching impact. Having positioned the institution for growth and success, the Association purchased 5/6 Lathrop Place, a 3,000 square foot, 1835, two-family home that adjoins our property and sits on land that was owned by Paul Revere. We used this once-in-a-lifetime opportunity to rethink our site, improve the visitor experience and maximize the use of all our space. This acquisition addresses a long-standing institutional challenge and has already begun to transform all aspects of our operation. This new property will open as a much-needed education and visitor center in 2016.  When the Association’s accreditation was renewed in 2008, it was noted, “The Paul Revere House excels and provides leadership in the area of public programs. … We are pleased they have acquired additional space.” 

Impact Statement

1) Provided over 250,000 visitors with remarkable educational experiences, including 18,000 schoolchildren.  Our outreach programs reach an additional 30,000 annually.
2) Completed courtyard rehabilitation and near completion on the interior restoration of an 1835 building that will open as an Education and Visitor Center in 2016.
3) Ended FY2015 with a surplus and project a surplus in 2016.
4) Exceeded our  capital campaign total of $4,000,000. by raising $4,060,000. 
1) Complete our  expansion project and open our new education facility.
2) Complete redesign of our web site to make it easier to use on all devices and improve accessibility.
3) Work to create an effective partnerships with other key historic sites in Boston.
4) Prepare to develop a new strategic plan. 

Needs Statement

The Association's goal is to raise $100,000 in operating funds each year:  $20,000 for maintenance/preservation and $80,000 for programs ($25,000 to provide free and low cost educational programs for local youth; $15,000 for living history presentations for families; $10,000 for teacher workshops; $20,000 for web-based outreach and program development; and $10,000 for collections acquisition, care and display).
1) To complete a technology upgrade, we need $25,000 in FY2016.
2)  $12,200 must be raised to do necessary carpentry and repainting of the Revere House, scheduled for fall of 2016.
3) Raise $50,000 for strategic planning to begin 2017 

CEO Statement

Our goals which are determined by our mission and achieved through implementation of our Strategic Plan are: (1) to provide visitors with remarkable educational experiences; (2) to welcome visitors and youth groups by keeping our prices at reasonable levels and offering free or low-cost options; (3) to offer a rich interpretation of our historic complex based on sound research with particular attention to the 19th century history of the North End as reflected by our buildings; (4) to serve as a nationally-recognized educational resource on Revere and Boston history; and (5) to marshal the resources (funds and expertise) to ensure the long-term preservation of our three historic properties. Our expansion plans ensure that we will achieve these goals to an unprecedented degree.  Now we must look to the future and plan to develop a new strategic plan.

Board Chair Statement

Growing up as a direct descendant of Paul Revere has always made a good story. People are interested  in learning about those ubiquitious copper-bottomed pots and pans, the number of "greats" that separate us from him or the family lore about the Copley painting being stored in the attic to conceal its association with a Tory artist.  While our family's connection to the legacy of Paul Revere is inescapable, the real work of preserving the legacy fall to the Paul Revere Memorial Association and its staff.  The Association now hosts over 250,000 visitors annually including thousands of schoolchildren.  When you give to the Association, you are helping us continue to make history in Boston!

Geographic Area Served

City of Boston- Citywide (please select all areas as well)
City of Boston- North End
City of Boston- Beacon Hill/ West End
City of Boston- Charlestown
City of Boston- Chinatown/ Leather District
City of Boston- North Dorchester
City of Boston- South Dorchester
City of Boston- Downtown
City of Boston- East Boston
City of Boston- Fenway/ Kenmore
City of Boston- Hyde Park
City of Boston- Jamaica Plain
City of Boston- Mattapan
City of Boston- Mission Hill
City of Boston- North End
City of Boston- Roslindale
City of Boston- Roxbury
City of Boston- South Boston
City of Boston- South End/Bay Village
City of Boston- Harbor Islands
City of Boston- West Roxbury
The Paul Revere House serves an audience that is local to Boston and serves the New England region while also attracting visitors from around the country and the world.  

Organization Categories

  1. Arts,Culture & Humanities - History Museums
  2. Arts,Culture & Humanities - Museums
  3. Arts,Culture & Humanities - Community Celebrations

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)



Living History Programs

To engage families in history we provide interactive programs that range from colonial music to demonstrations of colonial crafts and from story telling to reenactments.These programs encourage inter-generational communication as families learn together by interacting with each other and with our presenters.
Budget  $15,000.00
Category  Arts, Culture & Humanities, General/Other
Population Served Families
Program Short-Term Success  Attendance will continue to grow on days when living history programs are offered.
Program Long-Term Success  Families will become members and will subscribe to planned indepth programming that will test for cumulative learning.
Program Success Monitored By 
Anecdotal evidence and positive e-mails
"Visit when performers are playing early American music, even non-history buffs will light up." 
Examples of Program Success  Over 35,000 people enjoyed our family programs in 201.

Teacher Workshops

Workshops are a valuable and cost-effective means of helping teachers teach historical content mandated by the Massachusetts Frameworks for History and Social Sciences and English Language Arts. Curriculum frameworks for social studies, teacher and student testing, and new certification standards for teachers in Massachusetts have created a demand by school systems and teachers for training opportunities. Working directly with teachers increases exponentially the potential impact of our mission. By reaching teachers who will reach thousands of students over the course of their careers, we serve far more students than we could ever accommodate at our site. 

In the last few years, we have offered programs that have focused on a number of topics: Boston Loyalists; using children’s literature to enhance study of the Revolution; Rachel Revere’s activities during the Revolutionary era; and colonial crafts and trades. These programs help to introduce teachers to a wide range of resources – historic sites, historians, publications, artifacts, and techniques that are effective for teaching history. Teachers are shown how to use role-playing, object identification and storytelling in the classroom. Our goal is to offer teachers a richer, more complex view of the Revolutionary period to share with their students. One of our goals in presenting teacher workshops is to introduce teachers to local living history performers and scholars whose areas of expertise relate to their curricula. Workshops are often done in partnership with other historic sites which helps to introduce teachers to the wealth of resources available in Greater Boston.Through our agreement with Framingham State, teacher can gain PDPs or graduate credit.

Budget  $10,000.00
Category  Arts, Culture & Humanities, General/Other
Population Served Adults
Program Short-Term Success  Workshops will continue to be well attended and highly rated.
Program Long-Term Success  Revenue from teacher workshops will grow as a portion of our operating budget.
Program Success Monitored By  Program evaluations completed by participants.
Examples of Program Success  2015 we participated in a National Park Service funded assessment of the educational program that we provide for Boston Public School students and teachers.  This included a summer think tank with local teachers.

Tours for General Visitors

Our core programs are interpretive tours of our two historic houses -- the Paul Revere House (c.1680) and Hichborn House (c.1711) -- and interactive educational programs designed to acquaint our visitors with Boston history. Both houses contain remnants of many periods, originally functioning as private residences and eventually as cramped tenement apartments. By interpreting our buildings as reflections of the changing history of the North End, we are able to focus on the lives of ALL the residents of our houses.  We also maintain and exhibit a significant collection which includes 2,000 artifacts and documents (furnishings, 18th-c artifacts owned or made by Paul Revere, items which reflect Revere's folk legacy, and the history of the North End), 800 photographs and genealogical materials. While 50% of the collection is on exhibit, sensitive objects are rotate off display for conservation reasons.
Budget  200,000
Category  Arts, Culture & Humanities, General/Other
Population Served General/Unspecified Families
Program Short-Term Success  Visitors will learn something new either about Paul Revere, the American Revolution or the history of Boston's North End.
Program Long-Term Success  Visitors will gain an appreciation for the colonial period-- its architecture, craftsmanship, and daily challenges.
Program Success Monitored By  Regularly conducted visitor surveys
Examples of Program Success  Recently Frommers Guide described the Revere House as, "One of the most pleasant stops on the Freedom Trail, it presents history on a human scale.  The thought-provoking tour is self-guided, with staff to answer questions. The format allows you to linger on things that hold your interest."

Web-Based Programs and Resources

We maintain a robust web presence that serves audiences in search of basic tourist information as well as those seeking content-rich historical information.  Our site is heavily used by teachers looking for resources and schoolchildren working on school projects. Currently we are exploring ways to use the Internet more effectively, both to market our offerings but also to expand our audience via remote access to resources and programs.
Budget  $20,000.00
Category  Arts, Culture & Humanities, General/Other
Population Served General/Unspecified Children Only (5 - 14 years) Adolescents Only (13-19 years)
Program Short-Term Success  Our goal is to double our traffic from 350,000 unique visitors to 700,000 by 2014. 
Program Long-Term Success 
Our website visitation has grown over the years but tends to plateau when changes are not made regularly.   We also plan to expand our options related to distance learning options via Skype and Google so that we can reach more teachers and students. 
Program Success Monitored By  E-mails from users and traffic on our web site, Facebook pages, and Twitter and Flickr accounts help us measure success.
Examples of Program Success  A teacher in San Francisco sent an e-mail to say she was projecting sections of our web site on the Smart Board in the classroom as a way to bring students to our site.

Youth Programs

The Association is committed to reaching out to audiences with limited resources. For years we have offered summer camp, community center, after-school, and ESL programs at low-cost or free of charge to students from throughout Boston. The Association has been instrumental in the People and Places Program, which provides free programs and curricular materials to Boston Public School 3rd-, 4th-, and 5th-graders. Additionally, all North End residents and students are admitted to the Revere House without charge.These programs bring history to life for students and engage them in active critical thinking exercises.
Budget  $25,000.00
Category  Arts, Culture & Humanities, General/Other
Population Served Children Only (5 - 14 years) Adolescents Only (13-19 years)
Program Short-Term Success  Continued positive feedback from program evaluations completed by teachers suggesting that these programs help their students.
Program Long-Term Success  Youth who visit our site will gain a life-long appreciation for the historical richness of their home town and will use what they learned to do well in school.
Program Success Monitored By  Voluntary program evaluations
Examples of Program Success 
18,000 schoolchildren experience our programs annually.
5,000 local youth served with free programs annually 

CEO/Executive Director/Board Comments

The Association has long prided itself in its ability to provide engaging programs at low cost to both tourist and local audiences.  This goal is increasingly difficult to meet even with continued growth in attendance and demand.  We look to donors to help us mitigate growing costs so that we can continue to make the Paul Revere House available to the widest possible audience.


CEO/Executive Director Ms Nina Zannieri
CEO Term Start July 1986
CEO Email
CEO Experience
Nina Zannieri has been Executive Director for the PRMA since 1986. During her tenure the Association has experienced significant financial, programmatic and institutional growth. Before coming to the PRMA, she was Curator at the Rhode Island Historical Society. Ms. Zannieri served as Vice Chair of the American Alliance of Museums from 2002 to 2003 and was on the AAM board from 1999 to 2003. She served as President of the New England Museum Association from 1998 to 2002. She is the Chair of the American Association for State and Local History Committee on Ethics and  Professional Standards and  served from 2004-2008 on the AASLH Governing Council. She was recently honored with a Life Time Achievement Award from the New England Museum Association. 
Ms. Zannieri is also a frequent guest lecturer for the Museum Studies Programs at the Harvard Extension School and Tufts University. She serves on the Advisory Board for the Harvard Museum Studies Graduate Program and as a Thesis Director. She received her B.A. in History from Boston College and her Masters in Anthropology/Museum Studies from Brown University.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Ms. Emily Holmes Education Director Emily Holmes joined the full-time staff in 2007, after having worked part -time (2000 to 2005). She was promoted to Education Director at the Paul Revere Memorial Association in 2008. She supervises staff members who provide programming for 18,000 children annually , develops workshops to help teachers implement statewide curriculum frameworks, and expand their abilities to use primary sources and museum resources in the classroom. She is responsible for our family programs. She is an Adjunct Faculty member at Framingham State College. Before earning an MA in History Museum Studies from the Cooperstown Graduate Program, she worked at National Heritage Museum, Historic Deerfield, Hanford Mills Museum, and the Pathfinder Village School. She is a graduate of Smith College.
Mr. Patrick Leehey Research Director Patrick Leehey has been on staff for 26 years. Mr. Leehey has a BA in History from U/MASS and an MA in history with a certificate in Museum Studies from Northeastern University. He has done extensive research on all aspects of the life, work, and home of Paul Revere and served as co-curator of the NEH-funded, award-winning exhibition, “Paul Revere – Artisan, Businessman, and Patriot: The Man Behind the Myth.” He has numerous publications including “Reconstructing Paul Revere” in the exhibition catalog, “Myths and Realities along Boston’s Freedom Trail” and “What was the Name of Paul Revere’s Horse?”

Patrick coordinates our college and graduate student interns, oversees our adult programs and our lecture series,  and managesall research staff and outside scholars.


Ms. Kristin Peszka Interpretation/Visitor Services Director Kristin Peszka is our Interpretation and Visitor Services Director. Prior to that, she served as Program Assistant since joining the staff in 1999. Her duties include selection and training of part time guides, general site operations and close coordination with the education department on the creation and presentation of education programs. Kristin is also responsible for ongoing visitor surveys and evaluation of our public programming. She is active in the AAM and NEMA.   Kristin has a BA from the University of Pennsylvania and a MAT in museum education from George Washington University. She recently completed the American Express Leadership Program.
Ms Edith Steblecki Curator/Asst Director Edith Steblecki serves as Assistant Director/Curator and has been on the staff for 27 y ears. She is responsible for work related to our historic structures, collections, and exhibitions. She handles numerous research requests related to Revere–made objects and is an expert on Revere’s Masonic affiliations. She served as co-curator of the NEH-funded, award-winning exhibition, “Paul Revere – Artisan, Businessman and Patriot: The Man Behind the Myth.” She represents the Association at meetings of the Boston House Museum Alliance and the Boston Area Curators Committee. Edith has a BA in History from Montclair State College and an MA from University of Delaware. Prior to coming to the Association she worked at the 1890 House Museum and The Chemung County Historical Society.


Award Awarding Organization Year
Stories from the City Honoree Boston Foundation 2008
Award of Merit - History Programs/Exhibits American Association for State and Local History 1988


Affiliation Year
American Association for State and Local History 1988
American Association of Museums - Member 1985
Member of state association of nonprofits? Yes
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- 2008


The Association has several formal and information collaborative partners including the Boston National Historical Park, key Freedom Trail Sites, Boston House Museum Alliance, Doors to History, North End Historical Society, Massachusetts Historical Society, and North Bennet Street School.

CEO/Executive Director/Board Comments


Foundation Comments


Staff Information

Number of Full Time Staff 6
Number of Part Time Staff 15
Number of Volunteers 15
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 2
Caucasian: 19
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 16
Male: 5
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? No
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers 10
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration --

Risk Management Provisions


Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Bi-Annually


Board Chair Mr. Paul Revere Jr.
Board Chair Company Affiliation Revere Copper Company - Retired
Board Chair Term May 2016 - May 2017
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Thomas Appleton Loring, Wolcott & Coolidge Voting
Mr. Don Commerford Revere Copper Voting
Mr. Brent Dickson IV Ganson and Company Voting
Mr. Charlie Eddy Retired Voting
Mr. Ben Edwards Write Marketing/Walking Boston Tours Voting
Ms. Aliette Estrada Bank of America Voting
Mr. William Fowler Northeastern University Voting
Mr. John Hecker Carr, Lynch and Sandell Voting
Mr. Stephen Kistner Eaton Vance Voting
Mr. David Kubiak MWRA Voting
Mr. Robert Norris Attorney Voting
Mr. Tom O'Shaughnessy Revere Copper Products Voting
Ms. Avery Revere Private Charter Boat Captain Voting
Mr. Paul Revere Jr. Retired Voting
Mr. Paul Revere III Attorney Voting
Ms. Lynn Rhoads New England Quarterly Voting
Mr. Frank Rigg Retired Voting
Ms. Carolyn Tolles Community volunteer Voting
Ms. Nina Zannieri Paul Revere Memorial Association Exofficio

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 18
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 5
Male: 14
Not Specified 0

Board Information

Board Term Lengths 1
Board Term Limits 0
Board Meeting Attendance % 85%
Written Board Selection Criteria No
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 75%
Constituency Includes Client Representation Yes

Standing Committees

  • Audit
  • Executive
  • Investment
  • Nominating

CEO/Executive Director/Board Comments

The Association's Nominating Committee used a new process in 2016 to replace two board vacancies that worked quite well and helps to set the stage for strategic planning in 2017.

Foundation Comments



Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2017 2016 2015
Total Revenue $1,487,231 $1,251,465 $1,374,113
Total Expenses $1,051,873 $897,286 $825,365

Prior Three Years Revenue Sources

Fiscal Year 2017 2016 2015
Foundation and
Corporation Contributions
$16,900 $138,800 $291,000
Government Contributions $9,100 $12,800 $11,700
    Federal -- -- --
    State $9,100 $9,300 $9,700
    Local -- -- --
    Unspecified -- $3,500 $2,000
Individual Contributions $53,110 $30,958 $119,528
Indirect Public Support -- -- --
Earned Revenue $1,317,400 $955,915 $843,886
Investment Income, Net of Losses $82,930 $105,349 $101,403
Membership Dues $7,391 $6,714 $6,171
Special Events -- -- --
Revenue In-Kind -- -- --
Other $400 $929 $425

Prior Three Years Expense Allocations

Fiscal Year 2017 2016 2015
Program Expense $671,936 $599,468 $548,298
Administration Expense $318,375 $241,825 $220,083
Fundraising Expense $61,562 $55,993 $56,984
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.41 1.39 1.66
Program Expense/Total Expenses 64% 67% 66%
Fundraising Expense/Contributed Revenue 78% 31% 13%

Prior Three Years Assets and Liabilities

Fiscal Year 2017 2016 2015
Total Assets $11,145,575 $10,530,350 $9,972,077
Current Assets $763,557 $607,591 $1,311,663
Long-Term Liabilities $348,741 $490,397 $530,563
Current Liabilities $25,523 $23,910 $18,122
Total Net Assets $10,771,311 $10,016,043 $9,423,392

Prior Three Years Top Three Funding Sources

Fiscal Year 2017 2016 2015
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $3,700,000.00
Spending Policy Income Only
Percentage(If selected) --
Credit Line No
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose The Association just completed a capital campaign, which had a goal of $4,000,000 ($3.8m construction and $200,00 endowment) to renew, expand, and endow the Paul Revere House historic complex for current and future audiences. The central component of the campaign was the renovation of an 1835 abutting two-family structure with direct access to our courtyard that occupies land originally owned by Revere into a 3,600 square foot Education and Visitor Center. This renovation not only converts a neighborhood eyesore into a community asset but also allows us to better serve all who visit this important historic site every year including thousands of schoolchildren, teachers, and families. This campaign also provides an opportunity to increase our existing Board restricted endowment.
Campaign Goal $4,000,000.00
Capital Campaign Dates Apr 2008 - Dec 2015
Capital Campaign Raised-to-Date Amount $4,060,000.00
Capital Campaign Anticipated in Next 5 Years? No

Short Term Solvency

Fiscal Year 2017 2016 2015
Current Ratio: Current Assets/Current Liabilities 29.92 25.41 72.38

Long Term Solvency

Fiscal Year 2017 2016 2015
Long-term Liabilities/Total Assets 3% 5% 5%

CEO/Executive Director/Board Comments

Our record of managerial success is impressive. In its first hundred years, PRMA has generated operating surpluses (even in the midst of the Big Dig) in all but two years (1980 and 1981). With any new facility, there will be costs associated with developing and sustaining programming in the next few years and beyond. This campaign provides an opportunity to add $1,000,000 in the form of a restricted education fund to ensure we have funds to develop and support new and innovative programs. The building is being designed so that it will only require modest staffing—one full-time and one part-time position—with others determined by revenue and program development.  Our business plan for operating an enlarged facility is based on the assumption that our regular attendance will remain level. New revenue will be generated from a range of sources, including expanded museum shop operations and modest increased program revenue. Once we have retired the debt from purchasing 5/6 Lathrop Place, we will, as the vast majority of like institutions do, take an annual draw from our endowment. Successful fundraising efforts for this project will increase our donor base and enrich our annual fundraising. We are positioned for growth because, while waiting for the right expansion opportunity, we have spent over 20 years strategizing, forging neighborhood relationships, diversifying our finances, building a fundraising track record, and establishing a national reputation for superior humanities programming.

Foundation Comments

Financial summary data in the charts and graphs above are per the organization's IRS Form 990s. Additional revenue breakout detail for Foundations & Corporations and Government sources are per the Schedule B's.


Other Documents

No Other Documents currently available.


The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.

1. What is your organization aiming to accomplish?


2. What are your strategies for making this happen?


3. What are your organization’s capabilities for doing this?


4. How will your organization know if you are making progress?


5. What have and haven’t you accomplished so far?