Fenimore Art Museum
- Assets
- $55.8m
- Revenue
- $9.4m
- Investments
- $33.9m
- Employees
- 117
- Location
- New York, NY
- Founding
- 07/1941
- Data as of
- 12/2022
- EIN
- 15-0539110
Organization Overview
Fenimore Art Museum is located in New York, NY. The organization was established in 1941. 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 12/2022, Fenimore Art Museum employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenimore Art 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 12/2022, Fenimore Art Museum generated $9.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. While expenses have increased by 1.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING, ENGAGING, AND EDUCATING.
Describe the Organization's Program Activity:
MUSEUM-EXHIBITION OF ART WORK COLLECTIONS.
EDUCATION-PROMOTE HISTORICAL LEARING AND UNDERSTANDING.
PUBLICATIONS-TO PROMOTE AND ENCOURAGE HISTORICAL RESEARCH BY MEANS OF LECTURES PUBICATIONS AND DISTRIBUTION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Forbes Clark Director | Trustee | 0.1 | $0 |
James Patrick Assistant Treasurer | OfficerTrustee | 0.1 | $0 |
Laurene Krasny Brown Director | Trustee | 0.1 | $0 |
Thomas Morgan Director | Trustee | 0.1 | $0 |
Jeffrey Pressman Chairman/ Director | OfficerTrustee | 0.1 | $0 |
Reginald Knight Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Clark Estates Inc Management Fees | 12/30/22 | $563,127 |
Key Bank Financial Services | 12/30/22 | $245,189 |
Rose & Kiernan Employee Insurance | 12/30/22 | $257,991 |
Paperkite Creative Llc Marketing | 12/30/22 | $149,726 |
Mirabito Fuel Group Fuel | 12/30/22 | $166,687 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $179,062 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,762,976 |
| Noncash contributions included in lines 1a–1f | $603,852 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,098,401 |
| Total Program Service Revenue | $645,672 |
| Investment income | $345,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,356,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,430,675 |
| 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. | $287,500 |
| Compensation of current officers, directors, key employees. | $287,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,301,010 |
| Pension plan accruals and contributions | $124,563 |
| Other employee benefits | $407,946 |
| Payroll taxes | $0 |
| Fees for services: Management | $778,810 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,481 |
| Advertising and promotion | $117,688 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $61,259 |
| 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 | $317,588 |
| Insurance | $236,403 |
| All other expenses | $581,942 |
| Total functional expenses | $5,378,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,457,016 |
| Pledges and grants receivable | $104,063 |
| Accounts receivable, net | $48,069 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $333,249 |
| Prepaid expenses and deferred charges | $269,167 |
| Net Land, buildings, and equipment | $3,230,794 |
| Investments—publicly traded securities | $9,421,119 |
| Investments—other securities | $33,892,702 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,756,179 |
| Accounts payable and accrued expenses | $181,077 |
| Grants payable | $0 |
| Deferred revenue | $317,124 |
| 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 | $498,201 |
| Net assets without donor restrictions | $4,630,571 |
| Net assets with donor restrictions | $50,627,407 |
| 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 | $55,756,179 |