The Hammond Museum Inc
- Assets
- $2.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 05/1938
- Data as of
- 12/2023
- EIN
- 04-2104270
Organization Overview
The Hammond Museum Inc is located in Gloucester, MA. The organization was established in 1938. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hammond Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hammond Museum Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 20.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURS OF THE MUSEUM AND PROMOTION OF INTEREST IN MEDIEVAL CASTLES AND HISTORY INCLUDING ART AND ARTCHITECTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Lentz President/ Dir | 5 | $0 | |
Richard A Harvey Jr Treasurer/ Dir | 5 | $0 | |
Peter B Kennett Vp/director | 5 | $0 | |
John Pettibone Clerk | 1 | $4,059 | |
Linda Harvey Executive Director | 40 | $194,502 | |
Deborah L Nypaver Managing Director | 40 | $65,223 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A&r Construction Inc | 12/30/23 | $324,570 |
Jc Cannistraro Llc | 12/30/23 | $116,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $232,999 |
| Interest on Savings | $741 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $94,550 |
| Other Income | $1,878,469 |
| Total Revenue | $2,206,759 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $194,502 |
| Other employee salaries and wages | $694,738 |
| Pension plans, employee benefits | $63,590 |
| Interest | $10,293 |
| Taxes | $84,609 |
| Depreciation | $36,470 |
| Occupancy | $82,699 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $524,452 |
| Total operating and administrative expenses | $1,731,598 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,731,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,030 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,593 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $27,690 |
| Prepaid expenses and deferred charges | $25,400 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,431,790 |
| Other assets | $0 |
| Total assets | $2,886,503 |
| Accounts payable and accrued expenses | $29,771 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $135,066 |
| Other liabilities | $538 |
| Total liabilities | $165,375 |