Thomas Cole Historic House
- Assets
- $7.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Catskill, NY
- Founding
- 11/2009
- Data as of
- 12/2020
- EIN
- 27-0599147
Organization Overview
Thomas Cole Historic House is located in Catskill, NY. The organization was established in 2009. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Thomas Cole Historic House employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Cole Historic House 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, Thomas Cole Historic House generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. While expenses have increased by 5.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND INTERPRET THE HOME AND STUDIOS OF THOMAS COLE. TO ENGAGE BROAD AUDIENCES THROUGH EDUCATIONAL PROGRAMS THAT ARE RELEVANT TODAY, INCLUDING GUIDED TOURS, OUTDOOR EDUCATION, LECTURES, EXHIBITIONS, EVENTS, PUBLICATIONS, AUDIO AND VIDEO PRESENTATIONS, AND INNOVATIVE ONLINE PROGRAMS.
Describe the Organization's Program Activity:
THE THOMAS COLE HISTORIC HOUSE OPERATES YEAR ROUND WITH EVENTS AND PROGRAMMING IN PERSON AND ONLINE. THE HISTORIC INTERIORS AND PERMANENT EXHIBITIONS WERE OPEN FROM JUNE THROUGH DECEMBER 2021. THE THOMAS COLE HISTORIC HOUSE ORGANIZED THE TRAVELLING LOAN EXHIBITION, "CROSS POLLINATION: HEADE, COLE, CHURCH AND OUR CONTEMPORARY MOMENT," TOGETHER WITH LEADING SCHOLARS FROM NATIONAL MUSEUMS. THE SPECIAL EXHIBITION WAS PRESENTED AT THE THOMAS COLE HISTORIC HOUSE FROM JUNE 12 TO OCTOBER 31, 2021. THE THOMAS COLE HOUSE HOSTED APPROXIMATELY 15,000 IN-PERSON VISITORS, 223 STUDENTS FOR VIRTUAL AND IN-PERSON SCHOOL PROGRAMS, AND 105,000 USERS ACROSS ITS FOUR FREE EDUCATIONAL WEBSITES: THOMASCOLE.ORG, EXPLORETHOMASCOLE.ORG, HUDSONRIVERSCHOOL.ORG AND HUDSONRIVERSKYWALK.ORG. THE SITE HOSTED FOUR RESEARCH FELLOWS FOR A HYBRID VIRTUAL AND IN-PERSON COLE FELLOWSHIP, A RESEARCH AND PROFESSIONAL DEVELOPMENT PROGRAM FOR RECENT COLLEGE GRADUATES. LECTURES, ARTIST TALKS, AND PUBLIC PROGRAMS WERE HOSTED YEAR ROUND, IN PERSON AND ONLINE. ALL OF THE ONLINE PROGRAMMING AND VIRTUAL EVENTS WERE MADE AVAILABLE FOR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth B Jacks Executive Director | Officer | 40 | $177,938 |
Marianne Lockwood Co-Vice Chair | OfficerTrustee | 2 | $0 |
Lisa Fox Martin Chair | OfficerTrustee | 5 | $0 |
Warner Shook Co-Vice Chair | OfficerTrustee | 2 | $0 |
Sara DE Swardt Treasurer | OfficerTrustee | 2 | $0 |
Susan Ball Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,630 |
| Fundraising events | $74,640 |
| Related organizations | $0 |
| Government grants | $577,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $507,180 |
| Noncash contributions included in lines 1a–1f | $9,402 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,177,381 |
| Total Program Service Revenue | $4,326 |
| Investment income | $61,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,646 |
| Net Gain/Loss on Asset Sales | $98,240 |
| Net Income from Fundraising Events | -$11,997 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,931 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,347,923 |
| 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. | $169,952 |
| Compensation of current officers, directors, key employees. | $61,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,045 |
| Payroll taxes | $43,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,160 |
| Advertising and promotion | $14,233 |
| Office expenses | $17,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,829 |
| Travel | $5,196 |
| 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 | $116,992 |
| Insurance | $26,902 |
| All other expenses | $24,168 |
| Total functional expenses | $1,111,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,416 |
| Accounts receivable, net | $54,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,544 |
| Prepaid expenses and deferred charges | $14,291 |
| Net Land, buildings, and equipment | $2,780,566 |
| Investments—publicly traded securities | $2,200,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $142,070 |
| Other assets | $1,435,000 |
| Total assets | $7,223,245 |
| Accounts payable and accrued expenses | $31,848 |
| 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 | $42,178 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $79,026 |
| Net assets without donor restrictions | $4,391,729 |
| Net assets with donor restrictions | $2,752,490 |
| 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 | $7,223,245 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Thomas Cole Historic House has recieved totaling $268,044.
| Awarding Organization | Amount |
|---|---|
Bay And Paul Foundations Inc Wilmington, DE PURPOSE: SUPPORT FOR THE EMPIRE STATE DEVELOPMENT INCENTIVE PROPOSAL FOR THE 20TH ANNIVERSARY CAMPAIGN | $75,000 |
Enoch Foundation Charitable Tr 100892 Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $45,000 |
Barrie A & Deedee Wigmore Foundation New York, NY PURPOSE: GENERAL SUPPORT | $27,000 |
Manitou Fund White Bear Lake, MN PURPOSE: GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $24,500 |
Educational Foundation Of America Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $2,313,348 |
| Earnings | $271,339 |
| Net Contributions | $11,162 |
| Other Expense | $109,162 |
| Ending Balance | $2,486,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |