Strawbery Banke Museum
- Assets
- $20.1m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 84
- Location
- Portsmouth, NH
- Founding
- 02/1967
- Data as of
- 03/2022
- EIN
- 02-0260158
Organization Overview
Strawbery Banke Museum is located in Portsmouth, NH. The organization was established in 1967. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Strawbery Banke Museum employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strawbery Banke Museum 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 03/2022, Strawbery Banke Museum generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.0m during the year ending 03/2022. While expenses have increased by 0.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM'S MISSION IS TO PROMOTE UNDERSTANDING OF THE LIVES OF INDIVIDUALS AND THE VALUE OF COMMUNITY THROUGH ENCOUNTERS WITH THE HISTORY AND ONGOING PRESERVATION OF A NEW ENGLAND SEAPORT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY: THE RESTORATION PROGRAM CONTINUES TO RESTORE HISTORIC SBM'S HISTORIC STRUCTURES TO REFLECT CURRENT RESEARCH AND BEST PRACTICES.
EDUCATION: THE DAILY PROGRAM MAY THROUGH OCTOBER OFFERS AN EXTENSIVE AND VARIED SCHEDULE OF OFFERINGS - INCLUDING EXHIBITIONS, ROLE-PLAYING, HOUSE- TOURS, CRAFTS, COOKING AND HORTICULTURE DEMONSTRATIONS, AND SPECIAL-SUBJECT TOURS.
LABRIE FAMILY SKATE: IN 2014, THE MUSEUM OPENED THE LABRIE FAMILY SKATE AT PUDDLE DOCK POND, A 19TH CENTURY OUTDOOR, SEASONAL ICE SKATING RINK ON THE GROUNDS OF THE MUSEUM. THE SITE PROVIDES ICE SKATING IN A HISTORIC ATMOSPHERE AND BRINGS A COMMUNITY EXPERIENCE TO THE AREA. THE FACILITY OFFERS SOCIAL, RECREATIONAL AND PERFORMING ARTS OPPORTUNITIES AND PROGRAMS FOR THE PHYSICALLY AND VISUALLY IMPAIRED.
STRAWBERY BANKE MUSEUM SBM IS AN OUTDOOR LIVING HISTORY MUSEUM IN PORTSMOUTH, NH. - IT INTERPRETS 400-YEAR HISTORY OF A SEAPORT COMMUNITY. SBM PRESERVES AND MAINTAINS THIRTY-NINE HISTORIC STRUCTURES, TWO MODERN BUILDINGS (THE TYCO VISITORS CENTER AND THE CARTER COLLECTIONS CENTER), EXTENSIVE PERIOD GARDENS, A LARGE ARCHAEOLOGY COLLECTION, AND AN EXTENSIVE COLLECTION OF ARTIFACTS 25,000+ DATING FROM THE PERIOD 1653 TO 1960. TWENTY OF THE HISTORIC STRUCTURES ARE RESTORED AND OPEN TO THE PUBLIC. IN 2019, SBM PRODUCED AN EXTENSIVE AND VARIED EDUCATIONAL PROGRAM FOR OVER 110,000 VISITORS. IN 2020, IN RESPONSE TO THE PANDEMIC SBM WAS ABLE TO PRODUCE A MODIFIED AND VARIED EDUCATIONAL PROGRAM FOR ABOUT 30,000 VISITORS. IN 2021, SBM PRODUCED A MODIFIED AND VARIED EDUCATIONAL PROGRAM FOR ABOUT 62,000 VISITORS. THE SITE IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. OTHER PROGRAMS INCLUDE: COLLECTIONS, HORTICULTURE, VISITORS SERVICES, SPECIAL EVENTS, HERITAGE HOUSE, AND OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Yerdon President & | Officer | 40 | $102,873 |
Cynthia Fenneman Chair | OfficerTrustee | 6 | $0 |
Matthew Mcfarland Vice Chair | OfficerTrustee | 3 | $0 |
Jeffrey Gilbert Secretary | OfficerTrustee | 2 | $0 |
Kathy Williams Kane Treasurer | OfficerTrustee | 5 | $0 |
Zachary Slater Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David C Cooley Construction Inc Construction | 3/30/22 | $447,563 |
Rink Services Group Llc Rink Management | 3/30/22 | $175,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,055 |
| Fundraising events | $9,000 |
| Related organizations | $0 |
| Government grants | $42,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,266,714 |
| Noncash contributions included in lines 1a–1f | $899,077 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,463,668 |
| Total Program Service Revenue | $977,251 |
| Investment income | $153,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $397,860 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,296 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,235,476 |
| 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. | $128,940 |
| Compensation of current officers, directors, key employees. | $42,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,150,984 |
| Pension plan accruals and contributions | $24,959 |
| Other employee benefits | $85,683 |
| Payroll taxes | $99,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,303 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,615 |
| Advertising and promotion | $65,830 |
| Office expenses | $90,006 |
| Information technology | $63,566 |
| Royalties | $0 |
| Occupancy | $222,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,295 |
| Insurance | $93,685 |
| All other expenses | $11,423 |
| Total functional expenses | $2,988,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085,005 |
| Savings and temporary cash investments | $4,639,242 |
| Pledges and grants receivable | $70,951 |
| Accounts receivable, net | $126,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,065 |
| Prepaid expenses and deferred charges | $42,858 |
| Net Land, buildings, and equipment | $6,529,383 |
| Investments—publicly traded securities | $6,776,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $803,356 |
| Total assets | $20,097,430 |
| Accounts payable and accrued expenses | $230,766 |
| Grants payable | $0 |
| Deferred revenue | $77,303 |
| 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 | $280,865 |
| Other liabilities | $46,922 |
| Total liabilities | $635,856 |
| Net assets without donor restrictions | $7,480,913 |
| Net assets with donor restrictions | $11,980,661 |
| 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 | $20,097,430 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Strawbery Banke Museum has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
Roger R Thompson & Theresa S Endowment Fund Fbo Local Charity Portsmouth, NH PURPOSE: PROVIDE FOR A HISTORIC MUSEUM | $22,000 |
Endowment Analysis
| Beg. Balance | $5,436,945 |
| Earnings | $257,552 |
| Net Contributions | $1,805,131 |
| Other Expense | $205,840 |
| Ending Balance | $7,293,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |
Scottish Rite Masonic Museum & Library Inc Lexington, MA | $63,564,259 | $9,227,595 |
Strawbery Banke Museum Portsmouth, NH | $20,097,430 | $6,235,476 |
General Society Of Mayflower Descendants Plymouth, MA | $8,416,506 | $2,797,450 |
Collings Foundation Inc Hudson, MA | $76,716,195 | $4,768,988 |
New Hampshire Historical Society Concord, NH | $27,164,397 | $2,104,190 |
Worcester Historical Museum Worcester, MA | $19,635,661 | $1,279,524 |
Fruitlands Museums Inc Boston, MA | $22,497,244 | $522,841 |