American Museum Tort Law Inc
- Assets
- $4.3m
- Revenue
- $284.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Winsted, CT
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 06-1529225
Organization Overview
American Museum Tort Law Inc is located in Winsted, CT. The organization was established in 1999. 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 12/2021, American Museum Tort Law Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Museum Tort Law 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, American Museum Tort Law Inc generated $284.9k 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 (15.1%) each year. All expenses for the organization totaled $184.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH EDUCATIONAL AND INTERPRETIVE PROGRAMS THE AMERICAN MUSEUM OF TORT LAW SEEKS TO INCREASE PUBLIC UNDERSTANDING OF TORT LAW AND THE ROLE IT PLAYS IN THE PROTECTION OF PERSONAL FREEDOM, HEALTH AND SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH EDUCATIONAL AND INTERPRETIVE PROGRAMS, THE AMERICAN MUSEUM OF TORT LAW SEEKS TO INCREASE PUBLIC UNDERSTANDING OF TORT LAW AND THE ROLE IT PLAYS IN THE PROTECTION OF PERSONAL FREEDOM, HEALTH AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Newman Executive Director | Officer | 40 | $59,615 |
Ralph Nader President/treasurer | OfficerTrustee | 3 | $0 |
Joseph Page Vice President | OfficerTrustee | 0.1 | $0 |
Carl Mayer Secretary | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eisterhold Associates Inc Museum Design | 12/30/15 | $145,703 |
Maltbie Fabrication Of Museum Exhibits | 12/30/15 | $361,568 |
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 | $275,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,699 |
| Total Program Service Revenue | $4,940 |
| Investment income | $106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160 |
| 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 | $65,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,501 |
| 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 | $252 |
| Advertising and promotion | $105 |
| Office expenses | $8,686 |
| Information technology | $28,171 |
| Royalties | $0 |
| Occupancy | $17,083 |
| 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 | $27,492 |
| Insurance | $10,579 |
| All other expenses | $0 |
| Total functional expenses | $184,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,440 |
| Savings and temporary cash investments | $776,101 |
| Pledges and grants receivable | $16,100 |
| Accounts receivable, net | $1 |
| 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 | $190 |
| Net Land, buildings, and equipment | $2,948,085 |
| Investments—publicly traded securities | $285,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,270,789 |
| Accounts payable and accrued expenses | $3,600 |
| 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 | $3,600 |
| Net assets without donor restrictions | $4,254,575 |
| Net assets with donor restrictions | $12,614 |
| 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 | $4,270,789 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Museum Tort Law Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Debs Foundation New York, NY PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $7,000 |
Robins Family Foundation Gem Lake, MN PURPOSE: CIVIC COMMUNITY | $1,000 |
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 |