Destroyer Escort Historical Museum
- Assets
- $2.9m
- Revenue
- $887.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Albany, NY
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 14-1836568
Organization Overview
Destroyer Escort Historical Museum is located in Albany, NY. The organization was established in 2002. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Destroyer Escort Historical Museum employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destroyer Escort Historical Museum 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, Destroyer Escort Historical Museum generated $887.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $493.4k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MUSEUM IS EXCLUSIVELY EDUCATIONAL IN NATURE AND, WITHOUT LIMITATION, TO EDUCATE THE PUBLIC, ESPECIALLY THE YOUNGER GENERATIONS, OF THE SACRIFICES AND ACHIEVEMENTS OF OUR NATION'S VETERANS, TO INSTILL IN THE MUSEUM'S VISITORS A SENSE OF PRIDE, PATRIOTISM AND THE IMPORTANCE OF THE LESSONS OF HISTORY AND TO PERFORM SUCH OTHER FUNCTIONS AS ARE CUSTOMARY FOR EDUCATIONAL MUSEUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION-THE PROCESS OF REFURBISHING THE SHIP TO HER JUNE 1945 CONFIGURATION, AND MAINTAINING THE VESSEL IN A SAFE, CLEAN AND AUTHENTIC CONDITION.
EDUCATION-ORIENTING VISITORS THROUGH LECTURES AND AUDIO VISUAL PRESENTATIONS, AND PROVIDING TRAINED TOUR GUIDES TO INTERPRET THE SHIP FOR THE VISITING PUBLIC. WE WRITE AND PRINT HISTORICAL PUBLICATIONS RELATING TO DESTROYER ESCORT HISTORY, AND PROVIDE OUTREACH PROGRAMS TO SCHOOLS AND CIVIC GROUPS. WE ALSO RUN A YOUTHGROUP OVERNIGHT CAMPING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy C Rizzuto Executive Director | Officer | 40 | $77,864 |
Diane Watters Treasurer | OfficerTrustee | 1 | $0 |
Thomas R Cline Secretary | OfficerTrustee | 1 | $0 |
Bartley J Costello ESQ Chairman | OfficerTrustee | 1 | $0 |
Anthony Esposito President | OfficerTrustee | 40 | $0 |
Michael Clark Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,693 |
| Fundraising events | $49,146 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $678,554 |
| Total Program Service Revenue | $88,070 |
| Investment income | $28,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,211 |
| Net Income from Fundraising Events | $8,818 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,158 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $887,386 |
| 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. | $98,343 |
| Compensation of current officers, directors, key employees. | $24,586 |
| Compensation to disqualified persons | $153,264 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $7,368 |
| Other employee benefits | $5,057 |
| Payroll taxes | $18,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,755 |
| Advertising and promotion | $14,151 |
| Office expenses | $7,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,434 |
| Insurance | $29,433 |
| All other expenses | $21,444 |
| Total functional expenses | $493,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,373 |
| Savings and temporary cash investments | $347,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,489 |
| Prepaid expenses and deferred charges | $38,406 |
| Net Land, buildings, and equipment | $2,868 |
| Investments—publicly traded securities | $1,371,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,045,784 |
| Total assets | $2,937,143 |
| Accounts payable and accrued expenses | $23,801 |
| 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 | $0 |
| Total liabilities | $23,801 |
| Net assets without donor restrictions | $1,140,286 |
| Net assets with donor restrictions | $1,773,056 |
| 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 | $2,937,143 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Destroyer Escort Historical Museum has recieved totaling $21,264.
| Awarding Organization | Amount |
|---|---|
Robert W Witter Family Foundation Sacramento, CA PURPOSE: SUPPORT FOR MARITIME HERITAGE GRANT | $10,000 |
Malesardi Family Foundation Menands, NY PURPOSE: DONATION | $6,000 |
Patrick & Shirley Campbell Foundation Inc Pleasant Hill, CA PURPOSE: RESTORATION AND PRESERVATION OF THE USS SLATER, DE766, NAVY DESTROYER ESCORT FROM WWII, FOR THE EDUCATION OF SOCIETY IN THE WINNING OF THE UNDERSEA WARFARE OF WORLD WAR II. FUNDS IN 2014 WENT PREDOMINANTLY TO HELP PAINT AND RENOVATE THIS HISTORICAL WARSHIP. | $2,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,050 |
The Bender Family Foundation Albany, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $714 |
Endowment Analysis
| Beg. Balance | $1,341,265 |
| Earnings | $139,350 |
| Net Contributions | $196,278 |
| Ending Balance | $1,676,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
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 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
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 |