Paterson Museum Foundation
- Assets
- $331.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Paterson, NJ
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-2485898
Organization Overview
Paterson Museum Foundation is located in Paterson, NJ. The organization was established in 2019. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paterson Museum Foundation 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, Paterson Museum Foundation generated $11.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (57.4%) each year. All expenses for the organization totaled $28.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Corbett President | 10 | $0 | |
Sheryl Adamoff Treasurer | 10 | $0 | |
Dave Ferrari Secretary | 10 | $0 | |
Edward Smyk Trustee | 2 | $0 | |
L Pat Kramer Trustee | 2 | $0 | |
Sharon Briggs Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,949 |
| Total Program Service Revenue | $125 |
| Membership dues | $0 |
| Investment income | $1,127 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,201 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,332 |
| Total expenses | $28,002 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $319,227 |
| Other assets | $0 |
| Total assets | $330,997 |
| Total liabilities | $0 |
| Net assets or fund balances | $330,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paterson Museum Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Lautenberg Foundation Rochelle Park, NJ PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr Pittsburgh, PA | $45,504,203 | $6,881,220 |
Friends Of The New York Transit Museum Brooklyn, NY | $12,792,750 | $2,066,293 |