Young Morse Historic Site
- Assets
- $8.3m
- Revenue
- $446.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- Poughkeepsie, NY
- Founding
- 07/1980
- Data as of
- 12/2020
- EIN
- 14-1619998
Organization Overview
Young Morse Historic Site is located in Poughkeepsie, NY. The organization was established in 1980. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Morse Historic Site 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 12/2020, Young Morse Historic Site generated $446.1k 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 (12.9%) each year. All expenses for the organization totaled $744.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND OPERATE HISTORIC SITE AND MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth F Snodgrass Executive Director | 40 | $47,350 | |
Thomas Martinelli President | 1 | $0 | |
Patrick Watson Secretary | 1 | $0 | |
Larry Miller Treasurer | 1 | $0 | |
Roger Connor Trustee | 1 | $0 | |
Richard Fowler Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,725 |
| Interest on Savings | $148 |
| Dividends & Interest | $26,197 |
| Net Rental Income | -$128,953 |
| Net Gain on Sale of Assets | $47,377 |
| Capital Gain Net Income | $47,377 |
| Net ST Capital Gain | $2,486 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $19,214 |
| Other Income | $57,483 |
| Total Revenue | $446,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,115 |
| Other employee salaries and wages | $172,867 |
| Pension plans, employee benefits | $26,840 |
| Interest | $0 |
| Taxes | $30,068 |
| Depreciation | $189,455 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $253,051 |
| Total operating and administrative expenses | $744,126 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $744,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,689 |
| Savings and temporary cash investments | $51,558 |
| Net Accounts receivable | $20,200 |
| 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 | $13,276 |
| Prepaid expenses and deferred charges | $432 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $92,675 |
| Net Land, buildings, and equipment | $6,249,289 |
| Other assets | $986 |
| Total assets | $8,309,511 |
| Accounts payable and accrued expenses | $37,886 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $9,411 |
| Other liabilities | $0 |
| Total liabilities | $47,297 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young Morse Historic Site has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Community Foundations Of The Hudson Valley Poughkeepsie, NY PURPOSE: ARTS, CULTURE & HUMANITIES | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |