METROPOLITAN WATERWORKS MUSEUM INC

EIN: 043251784 501(c)(3) Arts, Culture & Humanities

CHESTNUT HILL, MA

Total Revenue
$646,844
Total Expenses
$736,285
Total Assets
$3,081,420
Net Assets
$3,020,639
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
MARTIN PERLMITTER
Phone
6172770065
Tax Period
2024-01-01 to 2024-12-31

METROPOLITAN WATERWORKS MUSEUM INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $647K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $736K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MWM OWNS AND OPERATES THE WATERWORKS MUSEUM (THE "MUSEUM") THE MUSEUM IS A SINGLE CONDOMINIUM UNIT OF THE MUSEUM BUILDING CONDOMINIUM, ONE OF FOUR SEPARATE CONDOMINIUM BUILDING REGIMES ON THE SITE. THE FOUR BUILDINGS SHARE CERTAIN OPERATING RESPONSIBILITIES THROUGH AN ADMINISTRATIVE TRUST (THE WATERWORKS AT CHESTNUT HILL TRUST), AND THE COMPLEX IS COMMONLY KNOWN AS THE WATERWORKS AT CHESTNUT HILL. THE SITE WAS PREVIOUSLY THE CHESTNUT HILL WATERWORKS, OWNED BY THE COMMONWEALTH OF MASSACHUSETTS, AND DISPOSED OF IN ACCORDANCE WITH THE LDA. THREE OF THE FOUR BUILDINGS AND THE ADJACENT CHESTNUT HILL RESERVOIR ARE LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES AND THE ENTIRE SITE IS A DESIGNATED CITY OF BOSTON LANDMARK. THE MUSEUM HOUSES THREE HISTORIC STEAM PUMPING ENGINES INSTALLED BETWEEN 1894 AND 1921: THE ALLIS, THE WORTHINGTON, AND THE LEAVITT. AS REQUIRED UNDER THE LDA, MWM PROVIDES PUBLIC ACCESS TO THE MUSEUM AT NO FEE, AND TO THE COMMUNITY ROOM AT A MARGINAL COST RECOVERY CH

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $633,712
Program Service Revenue $13,132
Investment Income $0
Other Revenue $0
TOTAL REVENUE $646,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,808
Fundraising Expenses $4,031
Program Expenses $676,853
Other Expenses $493,477
TOTAL EXPENSES $736,285

Year-over-Year Comparison

2024 2023 Change
Revenue $646,844 $475,137 +0.4%
Expenses $736,285 $634,537 +0.2%
Net Income $-89,441 $-159,400 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
13
$78,755
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN PERLMUTTER PRESIDENT/INTERIM TREASURER 1.00
Officer Director
$0 $0 $0
KATHERINE BURTON JONES CLERK 1.00
Officer Director
$0 $0 $0
RAYMOND J RAPOSA DIRECTOR 1.00
Director
$0 $0 $0
ROGER BLOOD DIRECTOR 1.00
Director
$0 $0 $0
ADAM YANULIS DIRECTOR 1.00
Director
$0 $0 $0
JOHN FREEMAN DIRECTOR 1.00
Director
$0 $0 $0
EDWARD BERGER DIRECTOR 1.00
Director
$0 $0 $0
ELAINE C PIERCE DIRECTOR 1.00
Director
$0 $0 $0
DENNIS J DEWITT DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN ESTES-SMARGIASSI DIRECTOR 1.00
Director
$0 $0 $0
MARION PRESSLEY DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN KING DIRECTOR 1.00
Director
$0 $0 $0
ERIC PETERSON EXECUTIVE DIRECTOR 40.00
Director
$78,755 $0 $78,755
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $646,844 $736,285 $3,081,420 $-89,441
2023 $475,137 $634,537 $3,194,977 $-159,400
2022 $552,744 $644,464 $3,352,610 $-91,720
2021 $534,984 $540,237 $3,488,890 $-5,253
2020 $478,016 $559,543 $3,467,061 $-81,527
2019 $463,866 $562,747 $3,501,248 $-98,881
2018 $530,555 $553,254 $3,640,637 $-22,699
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