Stan Hywet Hall & Gardens Inc
- Assets
- $11.7m
- Revenue
- $5.1m
- Investments
- $4.0m
- Employees
- 123
- Location
- Akron, OH
- Founding
- 01/1958
- Data as of
- 12/2021
- EIN
- 34-0819149
Organization Overview
Stan Hywet Hall & Gardens Inc is located in Akron, OH. The organization was established in 1958. 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 12/2023, Stan Hywet Hall & Gardens Inc employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stan Hywet Hall & Gardens 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 12/2021, Stan Hywet Hall & Gardens Inc generated $5.1m 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 (6.2%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND RESTORATION OF THE FORMER FRANK A. SEIBERLING FAMILY ESTATE
Describe the Organization's Program Activity:
CONTRIBUTIONS & MEMBERSHIP:THE PRESERVATION, MAINTENANCE AND RESTORATION OF THE HISTORICAL HOUSE, COLLECTIONS, GARDENS AND GROUNDS, AND INCLUDED RELATED EDUCATIONAL PROGRAMS.
TOURS: A PROGRAM TO EDUCATE VISITORS ABOUT STAN HYWET HALL & GARDENS, INCLUDING THE GROUNDS AND HISTORIC BUILDINGS. THE TOUR INTRODUCES VISITORS TO ART OBJECTS AND DETAILS THE HISTORICAL SIGNIFICANCE OF THE ESTATE.ATTENDANCE WAS 122,603 IN 2022.
PUBLIC PROGRAMS:ALL PROGRAMS AND EVENTS HELD ON THE ESTATE TO ASSIST IN THE PRESERVATION, MAINTENANCE AND RESTORATION OF THE ESTATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alane Boffa Treasurer | OfficerTrustee | 2 | $0 |
Rick Burke Chairman Of Board | OfficerTrustee | 2 | $0 |
Lindsey Tomaszewski Secretary | OfficerTrustee | 2 | $0 |
John Susany Vice Chairman | OfficerTrustee | 2 | $0 |
Jim Pickard Director | Trustee | 2 | $0 |
Steve Strayer Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mark Haynes Construction Construction Services | 12/30/20 | $470,472 |
Arrc Inc Restoration Services | 12/30/20 | $145,191 |
Color Renovation Llc Painting Services | 12/30/20 | $119,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $81,173 |
| Fundraising events | $0 |
| Related organizations | $1,223,018 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $876,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,180,603 |
| Total Program Service Revenue | $1,977,201 |
| Investment income | $283,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $267,011 |
| Net Gain/Loss on Asset Sales | $202,603 |
| Net Income from Fundraising Events | $152,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$48,908 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,111,685 |
| 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. | $496,730 |
| Compensation of current officers, directors, key employees. | $227,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,800,387 |
| Pension plan accruals and contributions | $40,015 |
| Other employee benefits | $428,665 |
| Payroll taxes | $158,916 |
| 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 | $1,058,326 |
| Advertising and promotion | $131,471 |
| Office expenses | $45,169 |
| Information technology | $56,455 |
| Royalties | $0 |
| Occupancy | $226,371 |
| Travel | $52,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,760 |
| Insurance | $114,137 |
| All other expenses | $0 |
| Total functional expenses | $5,116,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,041,625 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $955,985 |
| Accounts receivable, net | $1,913,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,172 |
| Prepaid expenses and deferred charges | $12,975 |
| Net Land, buildings, and equipment | $3,695,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,041,133 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,720,685 |
| Accounts payable and accrued expenses | $364,143 |
| Grants payable | $0 |
| Deferred revenue | $478,723 |
| 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 | $600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,063,211 |
| Total liabilities | $2,506,077 |
| Net assets without donor restrictions | $3,015,657 |
| Net assets with donor restrictions | $6,198,951 |
| 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 | $11,720,685 |