Young Morse Historic Site
- Assets
- $8.3m
- Revenue
- $1.0m
- Investments
- $2.2m
- Employees
- 0
- Location
- Poughkeepsie, NY
- Founding
- 07/1980
- Data as of
- 12/2022
- 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 12/2022, Young Morse Historic Site generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
MAINTAIN AND OPERATE HISTORIC SITE AND MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Martinelli President | 1 | $0 | |
Richard Fowler Vice President | 1 | $0 | |
Patrick Watson Secretary | 1 | $0 | |
Larry Miller Treasurer | 1 | $0 | |
Joseph Cavaccini Trustee | 1 | $0 | |
Roger Connor Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,792 |
| Interest on Savings | $480 |
| Dividends & Interest | $28,775 |
| Net Rental Income | -$11,189 |
| Net Gain on Sale of Assets | $17,232 |
| Capital Gain Net Income | $17,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $30,779 |
| Other Income | $182,114 |
| Total Revenue | $1,008,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,600 |
| Other employee salaries and wages | $235,660 |
| Pension plans, employee benefits | $40,431 |
| Interest | $0 |
| Taxes | $46,991 |
| Depreciation | $188,528 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $494,951 |
| Total operating and administrative expenses | $1,093,151 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,093,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,676 |
| Savings and temporary cash investments | $159,795 |
| Net Accounts receivable | $34,668 |
| 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 | $14,220 |
| Prepaid expenses and deferred charges | $14,155 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $300,177 |
| Net Land, buildings, and equipment | $5,886,412 |
| Other assets | $1,472 |
| Total assets | $8,274,004 |
| Accounts payable and accrued expenses | $35,951 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,951 |