Longhouse Reserve
- Assets
- $11.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 10
- Location
- East Hampton, NY
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 33-1058583
Organization Overview
Longhouse Reserve is located in East Hampton, NY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Longhouse Reserve employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longhouse Reserve 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, Longhouse Reserve generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 6.4% 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
LONGHOUSE RESERVE INSPIRES LIVING WITH ART IN ALL FORMS. FOUNDED BY JACK LENOR LARSEN, ITS COLLECTIONS, GARDENS, ART AND PROGRAMS REFLECT WORLD CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, LONGHOUSE RESERVE WAS OPEN TO THE PUBLIC FROM APRIL TO NOVEMBER AND OTHERWISE BY APPOINTMENT. ANNUAL ATTENDANCE WAS APPROXIMATELY 15,000, INCLUDING SCHOOL GROUPS, GARDEN TOURS AND SPECIAL PROGRAMS. THE SEASON'S MOST IMPORTANT ART EXHIBIT WAS JACK: LARGER THAN LIFE, AN INTIMATE PORTRAIT OF CREATOR-COLLECTOR AND LONGHOUSE FOUNDER, JACK LENOR LARSEN (1997-2020), WITH HIS INNOVATIVE TEXTILES PRESENTED SIDE BY SIDE WITH OBJECTS OF CRAFT, ART AND CLOTHING FROM THE LONGHOUSE COLLECTION. OTHER ART PROGRAMS INCLUDED ART FORAY II AND PLANTERS ON AND OFF THE GROUND X AND INSTALLATIONS OF ARTWORK BY PRUNE NOURRY, JOHN GIORNO, AND BEVERLY PEPPER. IN ADDITION TO ART IN THE GARDEN, LONGHOUSE HELD A GARDEN TOUR SERIES TO PROVIDE HORTICULTURAL AND HISTORICAL EXPLANATION OF THE PROPERTY AND TO ENCOURAGE VISITORS TO USE DESIGN IDEAS, PLANT VARIETIES AND GARDEN TECHNIQUES AT HOME. OTHER PUBLIC PROGRAMS IN 2021 INCLUDED THE STUDENT ANNUAL XIV, FIRST SATURDAYS AT LONGHOUSE, ROUND HOUSE GARDEN OPEN DAY, OPERA AL FRESCO WITH EVE QUELER, NATIONAL PUBLIC GARDENS DAY, FAMILY DAY, ARBOR DAY, A VIRTUAL WINTER LECTURE SERIES, A VIRTUAL WINTER BENEFIT AND AN ON-SITE SUMMER BENEFIT. EDUCATION PROGRAMS INCLUDED DOCENT-LED SCHOOL TOURS, CURRICULAR GUIDES, FAMILY ACTIVITY GUIDES, SUMMER INTERNSHIPS FOR COLLEGE STUDENTS AND SCHOLARSHIP AWARDS FOR HIGH SCHOOL SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matko Tomicic Executive Director (to Sep 2021) | Officer | 40 | $227,022 |
Wendy Van Deusen Curator | 40 | $124,580 | |
Bonifacio Rojas Grounds & Building Manager | 40 | $102,193 | |
Carrie Barratt Interim Director (as Of Sep 2021) | Officer | 40 | $80,000 |
Nina Gillman Co-President | OfficerTrustee | 15 | $0 |
Sherri Donghia Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $132,938 |
| Fundraising events | $470,244 |
| Related organizations | $0 |
| Government grants | $156,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,198,792 |
| Noncash contributions included in lines 1a–1f | $1,302,339 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,958,693 |
| Total Program Service Revenue | $237,462 |
| Investment income | $28,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,550 |
| Net Gain/Loss on Asset Sales | $26,711 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,500 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,401,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $515,283 |
| Compensation of current officers, directors, key employees. | $369,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,339 |
| Pension plan accruals and contributions | $12,217 |
| Other employee benefits | $90,984 |
| Payroll taxes | $70,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,271 |
| Fees for services: Accounting | $121,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,632 |
| Fees for services: Other | $337,390 |
| Advertising and promotion | $2,314 |
| Office expenses | $91,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,145 |
| Travel | $11,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,619 |
| Insurance | $52,403 |
| All other expenses | $152,724 |
| Total functional expenses | $2,766,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,108 |
| Savings and temporary cash investments | $1,655,509 |
| Pledges and grants receivable | $233,022 |
| 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 | $25,642 |
| Prepaid expenses and deferred charges | $73,505 |
| Net Land, buildings, and equipment | $6,030,026 |
| Investments—publicly traded securities | $3,113,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,221,489 |
| Accounts payable and accrued expenses | $344,006 |
| Grants payable | $0 |
| Deferred revenue | $44,108 |
| 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 | $159,944 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $548,058 |
| Net assets without donor restrictions | $8,005,627 |
| Net assets with donor restrictions | $2,667,804 |
| 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 | $11,221,489 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Longhouse Reserve has recieved totaling $403,861.
| Awarding Organization | Amount |
|---|---|
The Jenesis Group Irving, TX PURPOSE: GENERAL OPERATING EXPENSE | $75,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $60,000 |
Goldman-Sonnenfeldt Foundation Inc New York, NY PURPOSE: EDUCATIONAL AND CHARITABLE | $43,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $31,000 |
The Thomas Phillips And Jane Moore Johnson Foundation Telluride, CO PURPOSE: GENERAL CHARITABLE | $25,000 |
Vital Projects Fund Inc New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $397,355 |
| Earnings | $64,535 |
| Net Contributions | $1,045,365 |
| Ending Balance | $1,507,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |