The Hammond Museum Inc
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 05/1938
- Data as of
- 12/2021
- 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 12/2021, Hammond Museum Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $988.3k during the year ending 12/2021. While expenses have increased by 15.9% per year over the past 5 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
2021
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 |
|---|---|---|---|
Linda Harvey Executive Director | 40 | $112,053 | |
Deborah L Nypaver Managing Director | 40 | $52,097 | |
John Pettibone Clerk/ Director | 1 | $2,836 | |
Craig Lentz President/ Dir | 5 | $0 | |
Richard A Harvey Jr Treasurer/ Dir | 5 | $0 | |
Peter B Kennett Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $453,371 |
| Interest on Savings | $257 |
| 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 | $50,428 |
| Other Income | $1,123,348 |
| Total Revenue | $1,627,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,991 |
| Other employee salaries and wages | $370,555 |
| Pension plans, employee benefits | $52,865 |
| Interest | $3,763 |
| Taxes | $58,372 |
| Depreciation | $12,661 |
| Occupancy | $56,966 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $287,506 |
| Total operating and administrative expenses | $988,291 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $988,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,767 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $42,645 |
| Prepaid expenses and deferred charges | $10,926 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,733,033 |
| Other assets | $0 |
| Total assets | $2,088,371 |
| Accounts payable and accrued expenses | $59,524 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $55,264 |
| Other liabilities | $17,470 |
| Total liabilities | $132,258 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Hammond Museum Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |
Fenimore Art Museum New York, NY | $63,527,114 | $3,838,046 |
Farmers Museum Inc New York, NY | $82,300,614 | $4,849,865 |