Statue Of Liberty Ellis Island Foundation Inc
- Assets
- $69.2m
- Revenue
- $8.8m
- Investments
- $17.5m
- Employees
- 20
- Location
- New York, NY
- Founding
- 09/1982
- Data as of
- 03/2021
- EIN
- 13-3118415
Organization Overview
Statue Of Liberty Ellis Island Foundation Inc is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Statue Of Liberty Ellis Island Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Statue Of Liberty Ellis Island Foundation 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 03/2021, Statue Of Liberty Ellis Island Foundation Inc generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $6.9m during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELLIS ISLAND MUSEUM PROJECT: THE ORIGINAL EXHIBITRY AT MUSEUM IS MORE THAN 30 YEARS OLD. THE FOUNDATION IS WORKING WITH MUSEUM DESIGN FIRM RALPH APPLEBAUM AND ASSOCIATES TO REIMAGINE THE MUSEUM FOR THE 21ST CENTURY. WORKING WITH THE NATIONAL PARK SERVICE, THE FOUNDATION LOOKS TO MAINTAIN THE MUSEUM'S EXCEPTIONAL STORYTELLING, WHILE DEEPENING THE EXPERIENCE FOR THE CONTEMPORARY VISITOR.
AUDIO TOUR: UNDER AN AGREEMENT WITH THE NATIONAL PARK SERVICE, THE FOUNDATION IS AUTHORIZED TO OPERATE A SELF-GUIDED AUDIO TOUR PROGRAM, FOR THE STATUE OF LIBERTY AND ELLIS ISLAND, AVAILABLE IN 12 LANGUAGES, AS WELL AS ASL TOUR AND AN AUDIO DESCRIPTOR TOUR. REVENUES GENERATED BY THESE TOURS ARE AVAILABLE FOR PROJECTS JOINTLY AGREED TO BY THE STATUE OF LIBERTY-ELLIS ISLAND FOUNDATION AND THE NATIONAL PARK SERVICE. IN FISCAL YEAR 2022 APPROXIMATELY 1,832,666 VISITORS WERE PROVIDED AUDIO TOURS.
STATUE OF LIBERTY MUSEUM PROJECT: THE FOUNDATION DESIGNED AND BUILT A NEW LEED-CERTIFIED, FREESTANDING MUSEUM ON LIBERTY ISLAND, WHICH OPENED ON MAY 16, 2019. BEFORE THE OPENING OF THE NEW MUSEUM, LESS THAN 20% OF LIBERTY ISLAND VISITORS COULD EXPERIENCE THE EXHIBITS THAT WERE LOCATED IN THE PEDESTAL DUE TO RESTRICTED ACCESS, BUT NOW ALL VISITORS CAN ENJOY THE MUSEUM, WITHOUT THE NEED FOR ADDITIONAL ADVANCED RESERVATIONS OR TICKETS. THIS BEAUTIFUL NEW DESTINATION ON LIBERTY ISLAND HAS GIVEN ALL VISITORS A MORE MEANINGFUL EXPERIENCE AND DEEPER UNDERSTANDING OF LADY LIBERTY'S HISTORY AND ONGOING SIGNIFICANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Brackenbury Dir/pres/ceo (from 5/1/21) | OfficerTrustee | 40 | $257,203 |
Thomas Tolentino Senior VP & COO | Officer | 40 | $214,587 |
Richard P Flood VP & Chief Advancement Officer | Officer | 40 | $192,104 |
Jessica Barreto Controller & Secretary (3/5/22) | Officer | 40 | $180,188 |
Stephen Briganti Dir/pres/ceo (until 4/30/21) | OfficerTrustee | 40 | $179,451 |
Suzanne Mannion Director Of Public Affairs | 40 | $136,321 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acoustiguide Audio Tour Services | 3/30/22 | $936,055 |
Phelps Construction Construction Services | 3/30/22 | $723,002 |
One Source Production Fulfillment Services | 3/30/22 | $386,202 |
Ralph Applebaum Museum Design Services | 3/30/22 | $2,002,902 |
Highland Associates Museum Engineering & Architecture Servic | 3/30/22 | $382,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,029,053 |
| Noncash contributions included in lines 1a–1f | $5,320 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,477,853 |
| Total Program Service Revenue | $793,602 |
| Investment income | $521,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,759,890 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $243,675 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,809,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,433,911 |
| Compensation of current officers, directors, key employees. | $825,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,913 |
| Pension plan accruals and contributions | $45,454 |
| Other employee benefits | $161,084 |
| Payroll taxes | $130,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,238 |
| Fees for services: Accounting | $63,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $103,350 |
| Fees for services: Investment Management | $85,000 |
| Fees for services: Other | $2,279,276 |
| Advertising and promotion | $1,337 |
| Office expenses | $138,472 |
| Information technology | $473,340 |
| Royalties | $0 |
| Occupancy | $222,289 |
| Travel | $1,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,639 |
| Interest | $46 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $505,552 |
| Insurance | $108,377 |
| All other expenses | $0 |
| Total functional expenses | $6,921,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,710,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,152,016 |
| Accounts receivable, net | $106,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,668 |
| Prepaid expenses and deferred charges | $409,451 |
| Net Land, buildings, and equipment | $841,346 |
| Investments—publicly traded securities | $44,354,094 |
| Investments—other securities | $17,535,232 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,988 |
| Total assets | $69,211,443 |
| Accounts payable and accrued expenses | $2,236,254 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $447,500 |
| Total liabilities | $2,683,754 |
| Net assets without donor restrictions | $57,392,182 |
| Net assets with donor restrictions | $9,135,507 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,211,443 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Statue Of Liberty Ellis Island Foundation Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Ashington-Pickett Foundation Inc Orlando, FL PURPOSE: TO RAISE FUNDS FOR THE RESTORATION AND PRESERVATION OF THE STATUE OF LIBERTY AND ELLIS ISLAND | $100 |
Mary I Mcleod Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $44,851,959 |
| Earnings | $1,737,749 |
| Admin Expense | $85,000 |
| Other Expense | $1,000,000 |
| Ending Balance | $45,504,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |