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Massachusetts · Nonprofit

Freedom Trail Foundation Inc

Freedom Trail Foundation Inc (Massachusetts) receives grants from 4 organizations whose IRS filings report $58,000 to it, the largest being HIGHLAND STREET CONNECTION AND SUBSIDIARIES ($33,000). 3 of them have funded it in more than one year.

Revenue FY2024
$1.8M
Funders on record
4
Grants received
$58k
Net assets
$4.9M
3/4 repeat funderspeak grant-dependency 3%
01What it does

What Freedom Trail Foundation Inc does

Mission

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.

As stated on its FY2024 Form 990.

Program

  1. Provide visitor services, education programs, and audio equipment for use along the freedom trail - a walking trail connecting boston's historic sites.

    $1,020,122 spentof which $121,251 as grants$1,564,409 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $1,020,122.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.6M) Expenses 100 ($1.3M) Net assets 100 ($2.4M)2018 Revenue 123 ($2.0M) Expenses 109 ($1.4M) Net assets 122 ($3.0M)2019 Revenue 102 ($1.6M) Expenses 118 ($1.5M) Net assets 138 ($3.3M)2020 Revenue 21 ($346k) Expenses 61 ($771k) Net assets 132 ($3.2M)2021 Revenue 43 ($690k) Expenses 54 ($681k) Net assets 146 ($3.5M)2022 Revenue 85 ($1.4M) Expenses 81 ($1.0M) Net assets 137 ($3.3M)2023 Revenue 106 ($1.7M) Expenses 95 ($1.2M) Net assets 174 ($4.2M)2024 Revenue 110 ($1.8M) Expenses 109 ($1.4M) Net assets 203 ($4.9M)
'17'18'19'20'21'22'23'24
Revenue (110)Expenses (109)Net assets (203)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $3.9M to $4.6M (+19%).

$2.5M
$3.0M
$3.5M
$3.3M
$3.7M
$3.9M
$4.6M
$5.2M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 33% · 2022 4% · 2023 5%. Grants only. Government contracts and fees sit inside program revenue.

4% of Freedom Trail Foundation Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (63% for the typical peer).

This organization
Typical peer · 5,377 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$346k
’17
$613k
’18
$152k
’19
−$425k
’20
$9k
’21
$341k
’22
$507k
’23
$386k
’24
2.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Suzanne Taylor

Executive director

Board chair

Mark O'Toole

Chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed2322232221212122
Joined·+4+2+6+1+1+8+3
No longer listed·5172182
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income fell $11k → $9k.

From the IRS filings of Freedom Trail Foundation Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Freedom Trail Foundation Inc leans on a few funders — its largest provides 57% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

57%
largest funder
99%
top three
~2
effective funders

Largest funder’s share by year: 2017 73% · 2018 100% · 2019 63% · 2020 100% · 2022 100% · 2023 56% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

99% of Freedom Trail Foundation Inc's grant income comes from Massachusetts funders.

MA
CA

In-state vs out-of-state, by year

’17
’18
’19
’20
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Freedom Trail Foundation Inc runs a healthier operating margin than half of the 5,127 arts & culture nonprofits its size.

Operating margin22% · above the median
Months of reserve2.4mo · below the median
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 5,127 arts & culture nonprofits $1M–$10M, FY2024

Government funding Freedom Trail Foundation Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $197k on record.

State$197k
17
18
19
20
21
22
23
24
25
Top programs
  • (PP) STATE AID/POL SUB$190k
  • (EE) ADMINISTRATIVE EXPENSES$8k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Freedom Trail Foundation Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

74% of spending goes to programs.

Program 74%Management 26%Fundraising 0%

Governance

20
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

91%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Screen this organization

A dated, signed PDF of the compliance screen for Freedom Trail Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Freedom Trail Foundation Inc?
Freedom Trail Foundation Inc (Massachusetts) receives grants from 4 organizations whose IRS filings report $58,000 to it, the largest being HIGHLAND STREET CONNECTION AND SUBSIDIARIES ($33,000). 3 of them have funded it in more than one year.
How many funders does Freedom Trail Foundation Inc have?
IRS filings report 4 organizations giving $58,000 in grants to Freedom Trail Foundation Inc, 3 of which have funded it in more than one year.
Who is the largest funder of Freedom Trail Foundation Inc?
HIGHLAND STREET CONNECTION AND SUBSIDIARIES is the largest funder on record, with $33,000 in grants. The full list of funders is on this page.
How can an organization like Freedom Trail Foundation Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing