Bannermans Castle Trust Inc
- Assets
- $965.5k
- Revenue
- $763.8k
- Investments
- $0.0
- Employees
- 38
- Location
- Glenham, NY
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 06-1410979
Organization Overview
Bannermans Castle Trust Inc is located in Glenham, NY. The organization was established in 1995. 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 12/2022, Bannermans Castle Trust Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bannermans Castle Trust 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 12/2022, Bannermans Castle Trust Inc generated $763.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $550.6k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 5 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
WORK WITH NEW YORK STATE OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION (NYSOPRHP) AS A FRIENDS ORGANIZATION. PROMOTE AWARENESS OF HISTORIC SITE. STABILIZE AND PRESERVE STRUCTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STABILIZATION AND STRUCTURAL IMPROVEMENTS WERE MADE TO THE WALLS OF THE MAIN CASTLE STRUCTURE. EXTENSIVE DEVELOPMENT OF THE TRAILS AND INFRASTRUCTURE WAS PERFORMED THROUGHOUT THE ISLAND. BOAT ENGINES WERE REPLACED ON THE BOATS USED FOR TOURS. WORK HAS BEGUN ON THE GARDEN. THE EXPENSES WERE COVERED BY RESTRICTED DONATIONS. ALLOW PUBLIC TO EXPERIENCE ISLAND AND LEARN ISLAND HISTORY.
PROMOTE THE CASTLE AND ISLAND AS A HISTORIC TOURISM SITE THROUGH THE FOLLOWING ACTIVITIES: 1) VISITOR CENTER & GALLERY AT 150 MAIN ST; BEACON NY. ON VIEW ARE ARTIFACTS, PAINTINGS & PHOTOGRAPHS OF CASTLE & ISLAND. SELLS ART & EDUCATIONAL MATERIAL, DISTRIBUTES FREE LITERATURE. 2) CONDUCT LECTURES AND SLIDE SHOWS WHEN REQUESTED BY LOCAL ORGANIZATIONS. 3) CULTURAL EVENTS ON ISLAND: CHEFS' CONSORTIUM "FARM TO TABLE" DINNER (OUTSIDE), AND OUTDOOR EVENT JOINT CONCERT WITH DAISY JOPLING MENTORSHIP FOUNDATION. 4) GARDENING PROJECT ON-ISLAND WEEKLY DURING SEASON OPEN TO PUBLIC. 5) WEBSITE: WWW.BANNERMANCASTLE.ORG CONTAINS ARTICLES, EVENT CALENDAR & NEWSLETTER ARCHIVES. 6) FACEBOOK PAGE MAINTAINED BY CONSULTANT CONTAINS EVENT PROMOTION, & NEWS, & INPUT FROM VISITORS. 7) PUBLICATION OF NEWSLETTER "THE BANNER" TWO ISSUES EACH YEAR.
HISTORIC SITE TOURS ON ISLAND - UNDER PERMISSION AND A CONTRACT WITH NYSOPRHP, TOURS ARE CONDUCTED FOR THE PUBLIC. TOURS ARE LEAD BY PAID STAFF AND BY VOLUNTEERS, USING THE ORGANIZATION'S VESSEL WITH PAID CAPTAIN AND CREW. KAYAK TOURS ARE CONDUCTED BY LOCAL COMPANIES AND LEAD BY THE ORGANIZATION'S GUIDES. THERE ARE ALSO SPECIAL EVENT TOURS INCLUDING MOVIES AND THEATER. TOURS TAKE PLACE BETWEEN MAY AND OCTOBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Warner President | OfficerTrustee | 1 | $0 |
John Atherton Secretary | OfficerTrustee | 1 | $0 |
Dr John Wolback Director | Trustee | 1 | $0 |
Barbara Gottlock Director | Trustee | 1 | $0 |
Mark Adams Director | Trustee | 1 | $0 |
John Lanc Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,154 |
| Total Program Service Revenue | $530,384 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,500 |
| Net Income from Fundraising Events | $24,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,783 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,125 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,367 |
| Advertising and promotion | $9,180 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,627 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,391 |
| Insurance | $18,514 |
| All other expenses | $5,977 |
| Total functional expenses | $550,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,109 |
| Savings and temporary cash investments | $302,214 |
| Pledges and grants receivable | $50,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $595,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $965,479 |
| Accounts payable and accrued expenses | $11,387 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $11,387 |
| Net assets without donor restrictions | $945,050 |
| Net assets with donor restrictions | $9,042 |
| 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 | $965,479 |