Sterling Hill Mining Museum Inc
- Assets
- $7.3m
- Revenue
- $422.1k
- Investments
- $0.0
- Employees
- 24
- Location
- Ogdensburg, NJ
- Founding
- 05/1992
- Data as of
- 02/2022
- EIN
- 22-3125202
Organization Overview
Sterling Hill Mining Museum Inc is located in Ogdensburg, NJ. The organization was established in 1992. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 02/2022, Sterling Hill Mining Museum Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling Hill Mining Museum Inc 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 02/2022, Sterling Hill Mining Museum Inc generated $422.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $436.0k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE STERLING HILL MINING MUSEUM IS DEDICATED TO THE PRESERVATION, INTERPRETATION, UNDERSTANDING, AND APPRECIATION OF THE HISTORY OF MINING, MINING TECHNOLOGY, MINERALOGY, AND GEOLOGY UNIQUE TO THE STATE OF NEW JERSEY THROUGH SCIENTIFIC RESEARCH AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED TO MAINTAIN STERLING HILL MINE AND THE MUSEUM HOUSING MINERAL COLLECTIONS AND ARTIFACTS; PROVIDE GUIDED TOURS; SELL MINING OBJECTS AND VARIOUS MINERALS, ROCKS AND FOSSILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Kroth President | OfficerTrustee | $0 | |
Denise Kroth Treasurer | OfficerTrustee | $0 | |
Jeff Osowski Vice Preside | OfficerTrustee | $0 | |
Haig Kasabach Secretary | OfficerTrustee | $0 | |
Jeff Winkler Trustee | Trustee | $0 | |
Margaret Holzer Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,330 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,516 |
| Total Program Service Revenue | $140,814 |
| Investment income | $9,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,642 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $145,232 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,731 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $28,625 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,667 |
| 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 | $103,170 |
| Insurance | $26,559 |
| All other expenses | $8,882 |
| Total functional expenses | $435,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,084,201 |
| 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 | $81,943 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,748,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,407,373 |
| Total assets | $7,322,067 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,360 |
| Total liabilities | $3,360 |
| Net assets without donor restrictions | $5,118,126 |
| Net assets with donor restrictions | $2,200,581 |
| 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 | $7,322,067 |
Grants Awarded
Over the last fiscal year, Sterling Hill Mining Museum Inc has awarded $13,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
BOROUGH OF OGDENSBERG | | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liberty Science Center Inc Jersey City, NJ | $127,014,347 | $27,177,240 |
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Museums At Mitchel Garden City, NY | $4,107,366 | $4,719,016 |
Sciencenter Discovery Museum Ithaca, NY | $10,990,540 | $3,575,677 |
Discovery Center Of Science And Technology Syracuse, NY | $7,086,838 | $2,939,624 |
Antique Boat Museum Clayton, NY | $21,965,515 | $5,416,390 |
Lancaster Science Center Lancaster, PA | $3,068,922 | $1,227,133 |
Buehler Challenger & Science Center Foundation Inc Paramus, NJ | $1,090,071 | $724,251 |
Sterling Hill Mining Museum Inc Ogdensburg, NJ | $7,322,067 | $422,071 |
Quiet Valley Living Historical Farm Stroudsburg, PA | $2,239,844 | $387,900 |
Regional Science And Discovery Center Inc Corning, NY | $92,355 | $389,592 |
National Lighthouse Museum Staten Island, NY | $162,800 | $243,558 |