American Precision Museum Association
- Assets
- $1.9m
- Revenue
- $768.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Windsor, VT
- Founding
- 07/1966
- Data as of
- 04/2022
- EIN
- 03-0218096
Organization Overview
American Precision Museum Association is located in Windsor, VT. The organization was established in 1966. 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 04/2022, American Precision Museum Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Precision Museum Association 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 04/2022, American Precision Museum Association generated $768.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $750.8k during the year ending 04/2022. While expenses have increased by 6.8% 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
TO CAPTURE THE IMAGINATIONS OF YOUNG AND OLD WITH THE SPIRIT OF INNOVATION, PROBLEM SOLVING AND DESIGN DEMONSTRATED THROUGH THE DYNAMIC STORY OF THE MACHINES AND PEOPLE WHICH FORM THE FOUNDATION AND FUTURE OF THE MANUFACTURING INDUSTRY IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION OF A MUSEUM, AND THE PRESERVATION AND MAINTENANCE OF AN HISTORIC BUILDING, COLLECTIONS, AND ARCHIVES. THE MUSEUM CONDUCTS EDUCATIONAL PROGRAMS ASSOCIATED WITH THE COLLECTION FOR THE GENERAL PUBLIC. THE MUSEUM SERVED 4,650 VISITORS IN FISCAL YEAR 2022 WITH APPROXIMATELY 250 INDIVIDUAL MEMBERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Dalessio Executive Director | Officer | 40 | $108,000 |
William R Lynn Treasurer | OfficerTrustee | 1 | $0 |
Barbara George Vice Chair | OfficerTrustee | 1 | $0 |
Lee Morris Chairman | OfficerTrustee | 1 | $0 |
Toni Neary Trustee | Trustee | 1 | $0 |
Christopher Gray Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $133,445 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $432,742 |
| Noncash contributions included in lines 1a–1f | $3,311 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $625,304 |
| Total Program Service Revenue | $61,799 |
| Investment income | $21,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,109 |
| Net Income from Fundraising Events | $526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,606 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $767,975 |
| 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. | $110,160 |
| Compensation of current officers, directors, key employees. | $36,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,879 |
| Pension plan accruals and contributions | $911 |
| Other employee benefits | $0 |
| Payroll taxes | $25,696 |
| 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 | $11,827 |
| Fees for services: Other | $66,044 |
| Advertising and promotion | $35,746 |
| Office expenses | $16,082 |
| Information technology | $18,172 |
| Royalties | $0 |
| Occupancy | $17,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,082 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,390 |
| Insurance | $16,822 |
| All other expenses | $1,967 |
| Total functional expenses | $750,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,560 |
| Savings and temporary cash investments | $429,654 |
| Pledges and grants receivable | $8,000 |
| 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 | $6,242 |
| Prepaid expenses and deferred charges | $6,227 |
| Net Land, buildings, and equipment | $453,689 |
| Investments—publicly traded securities | $912,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,029 |
| Total assets | $1,932,802 |
| Accounts payable and accrued expenses | $21,383 |
| Grants payable | $0 |
| Deferred revenue | $8,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,383 |
| Net assets without donor restrictions | $736,261 |
| Net assets with donor restrictions | $1,167,158 |
| 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 | $1,932,802 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that American Precision Museum Association has recieved totaling $148,333.
| Awarding Organization | Amount |
|---|---|
Forster Family Foundation Washington, DC PURPOSE: CHARITABLE | $100,000 |
Farley Family Charitable Foundation Chicago, IL PURPOSE: GRANT FOR GENERAL CHARITABLE PURPOSES | $30,000 |
Kelson Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,000 |
Cone Automatic Machine Company Charitable Foundation Claremont, NH PURPOSE: GRANT | $1,000 |
Bryant Chucking Grinder Co Charitable Foundation Springfield, VT PURPOSE: TO SUPPORT MISSION OF THE MUSEUM | $1,000 |
Endowment Analysis
| Beg. Balance | $1,006,440 |
| Earnings | -$97,632 |
| Net Contributions | $10,863 |
| Other Expense | $1,992 |
| Ending Balance | $917,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |
Fenimore Art Museum New York, NY | $63,527,114 | $3,838,046 |
Farmers Museum Inc New York, NY | $82,300,614 | $4,849,865 |