The Higginson 1908 Foundation Inc

EIN: 814219554 501(c)(3) Arts, Culture & Humanities

Boston, MA

Total Revenue
$247,580
Total Expenses
$39,903
Total Assets
$991,632
Net Assets
$985,632
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
Michael H Shanahan
Phone
6175361260
Tax Period
2024-07-01 to 2025-06-30

The Higginson 1908 Foundation Inc, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2024. The organization ran a surplus of $208K, a strong 84% operating margin.

Mission

The Foundation was organized to preserve and protect old and historic buildings in and around Boston, Massachusetts, including specifically the Clubhouse of the Harvard Club of Boston, as well as to preserve and protect historically significant artwork exhibited in and around Boston, Massachusetts, including within the Clubhouse of the Harvard Club of Boston, in order to perpetuate the further education of posterity with regard to the architectural, historic, artisitic and general cultural heritage of the Boston area.The Foundation was further organized to encourage education and personal advancement for youth in the Greater Boston area, to foster scientific, literary and educational interests among members of the Harvard Club of Boston and to advance the interests and promote the welfare of Harvard University.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $211,524
Program Service Revenue $0
Investment Income $36,056
Other Revenue $0
TOTAL REVENUE $247,580

Expense Breakdown

Grants Paid $10,161
Salaries & Benefits $0
Fundraising Expenses $428
Program Expenses $31,177
Other Expenses $29,742
TOTAL EXPENSES $39,903

Year-over-Year Comparison

2024 2023 Change
Revenue $247,580 $234,836 +0.1%
Expenses $39,903 $25,409 +0.6%
Net Income $207,677 $209,427 0.0%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael H Shanahan President/Director 0.10
Officer Director
$0 $0 $0
Katherine Craven Treasurer/Director 0.10
Officer Director
$0 $0 $0
Nicholas J Iselin Clerk/Director 0.10
Officer Director
$0 $0 $0
Philip C Haughey Director 0.10
Director
$0 $0 $0
Karen Van Winkle Director 0.10
Director
$0 $0 $0
Marcus DeFlorimonte Director Effective 5/25 0.10
Director
$0 $0 $0
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
2025 $247,580 $39,903 $991,632 $207,677
2024 $234,836 $25,409 $806,675 $209,427
2023 $193,165 $39,395 $573,528 $153,770
2019 $203,589 $31,337 $223,615 $172,252
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