Historic Cherry Hill
- Assets
- $317.4k
- Revenue
- $288.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Albany, NY
- Founding
- 04/1966
- Data as of
- 12/2023
- EIN
- 14-1482741
Organization Overview
Historic Cherry Hill is located in Albany, NY. The organization was established in 1966. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Historic Cherry Hill employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Cherry Hill 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, Historic Cherry Hill generated $288.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $320.7k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HISTORIC CHERRY HILL INVITES VISITORS AND RESEARCHERS TO EXPLORE AMERICAN HISTORY THROUGH THE UNIQUE LENS OF ONE ALBANY HOUSEHOLD AND, THROUGH INTIMATE ENCOUNTER WITH THE PAST, ENCOURAGES AUDIENCES TOWARD NEW PERSPECTIVES ON THEIR OWN STORIES AND PLACE IN HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATORIAL AND COLLECTION CARE COSTS ARE INCURRED TO CONSERVE, PRESERVE AND PROTECT THE THOUSANDS OF NOTABLE HISTORIC DOCUMENTS AND OBJECTS THAT ARE PART OF THE CHERRY HILL COLLECTION. THESE ITEMS ARE PRESERVED FOR EXHIBITION TO THE PUBLIC AS WELL AS USED IN HISTORICAL RESEARCH. THE ORGANIZATION OWNS A SEPARATE STRUCTURE THAT WAS DESIGNED AND CONSTRUCTED SPECIFICALLY FOR THE CHERRY HILL COLLECTION THAT HOUSES ITS CURATORIAL AND COLLECTION ACTIVITIES AND IS MADE AVAILABLE TO VISITING RESEARCH PROFESSIONALS.
THE ORGANIZATION PROVIDES INFORMATION TO THE GENERAL PUBLIC, RESEARCH SCHOLARS, SCHOOLS AND OTHER INSTITUTIONS THROUGH VARIOUS MEDIA AS TO THE SIGNIFICANCE OF CHERRY HILL. MEDIA IS ON A NATIONAL, REGIONAL AND LOCAL LEVEL (INCLUDING THE USE OF THE INTERNET). THE ORGANIZATION ALSO PROMOTES LOCAL HISTORY THROUGH SPONSORING LOCAL EVENTS EITHER INDEPENDENTLY OR WITH OTHER HISTORICAL ASSOCIATIONS.
EDUCATIONAL PROGRAMS ARE DESIGNED TO PROVIDE TOURS, EXHIBIT MEDIA AND PUBLICATIONS TO THE GENERAL PUBLIC REGARDING THE HISTORICAL SIGNIFICANCE OF LOCAL LIFE OVER MORE THAN 250 YEARS. THE ORGANIZATION ALSO PROVIDES TOURS AND DEMONSTRATIONS TO SCHOOL GROUPS, EDUCATORS AND SCHOLARS. SCHOOL GROUPS FROM WITHIN THE CITY OF ALBANY ARE PROVIDED THESE PROGRAMS WITHOUT CHARGE. OTHER SCHOOL GROUPS ARE PROVIDED TOURS AT A REDUCED COST. A SIGNIFICANT NUMBER OF VOLUNTEERS ARE TRAINED TO PROVIDE TOURS OF THE HISTORIC PROPERTY AND PROVIDE INFORMATION REGARDING THE COLLECTION ITEMS ON EXHIBITION. FOR 2023, APPROXIMATELY 4,600 PEOPLE WERE SERVED THROUGH THE VARIOUS EDUCATIONAL PROGRAMS (BOTH ON-SITE AND VIRTUAL)OFFERED BY CHERRY HILL.
PROPERTY CARE IS MAINTAINING THE ORIGINAL BUILDING AND GROUNDS THAT ARE THE ORIGINAL CHERRY HILL ESTATE. THE PROPERTY IS ON THE NATIONAL REGISTER OF HISTORIC PLACES AND DATES BACK TO THE 18TH CENTURY. THE HISTORIC HOME IS MAINTAINED IN PERIOD CONDITION WITH ONGOING INTERIOR AND EXTERIOR RESTORATION PROJECTS. BEGINNING IN 2009, THE ORGANIZATION, WITH THE ASSISTANCE OF FEDERAL AND STATE FUNDING, HAS BEGUN A MAJOR HISTORICAL RENOVATION OF THE PROPERTY THAT IS EXPECTED TO BE COMPLETED OVER A NUMBER OF YEARS. THESE PROJECTS REMAIN ONGOING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryita Dobiel President/trustee | OfficerTrustee | 5 | $0 |
Richard Hendrick Trustee | Trustee | 2 | $0 |
Robert Englert Vice President/trustee | OfficerTrustee | 2 | $0 |
James Campbell Treasurer/trustee | OfficerTrustee | 2 | $0 |
Erin Leary Secretary/trustee | OfficerTrustee | 2 | $0 |
Lynne Lekakis Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,405 |
| Total Program Service Revenue | $10,869 |
| Investment income | $3,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $107 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $373 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,299 |
| 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. | $49,110 |
| Compensation of current officers, directors, key employees. | $39,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $357 |
| Payroll taxes | $12,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,976 |
| Advertising and promotion | $0 |
| Office expenses | $2,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,151 |
| Insurance | $14,716 |
| All other expenses | $1,824 |
| Total functional expenses | $320,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,356 |
| Savings and temporary cash investments | $62,371 |
| Pledges and grants receivable | $10,180 |
| Accounts receivable, net | $5,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,654 |
| Prepaid expenses and deferred charges | $7,382 |
| Net Land, buildings, and equipment | $209,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $317,373 |
| Accounts payable and accrued expenses | $22,182 |
| Grants payable | $70,755 |
| 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 | $9,886 |
| Other liabilities | $0 |
| Total liabilities | $102,823 |
| Net assets without donor restrictions | $214,550 |
| Net assets with donor restrictions | $0 |
| 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 | $317,373 |