General Society Of Mechanics & Tradesmen
- Assets
- $30.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 10/1934
- Data as of
- 12/2022
- EIN
- 13-1624013
Organization Overview
General Society Of Mechanics & Tradesmen is located in New York, NY. The organization was established in 1934. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, General Society Of Mechanics & Tradesmen employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Society Of Mechanics & Tradesmen 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, General Society Of Mechanics & Tradesmen generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. 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
TUITION-FREE SCHOOL FOR CONSTRUCTION TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MECHANICS INSTITUTE -A TUITION FREE TECHNICAL EVENING SCHOOL OFFERING 2 SEMESTERS, 4 PROGRAMS AND 32 COURSES, WITH AN AVERAGE OF 170 STUDENTS PER SEMESTER.
HISTORIC PRESERVATION -THE GENERAL SOCIETY MAINTAINS ITS 1890 LANDMARK BUILDING LOCATED AT 20 WEST 44TH STREET, NYC. THE BUILDING IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES AND THE FACADE OF THE BUILDING IS A NEW YORK CITY LANDMARK. IN 2022 THE GENERAL SOCIETY UNDERTOOK A MAJOR RESTORATION OF THE SOCIETY'S HISTORIC CENTURY OLD SKYLIGHT.THE PROJECT ALSO ENCOMPASSES THE REPLACEMENT OF THE SURROUNDING ROOF. THE ANTICIPATED PROJECT COMPLETION DATE IS FALL 2023.
THE GENERAL SOCIETY LABOR, LITERATURE, LANDMARK AND ARTISAN LECTURE SERIES -EIGHTEEN LECTURES WERE HELD DURING 2022 WITH PUBLIC PROGRAMS ON A RANGE OF TOPICS RELATED TO THE ART OF CRAFTSMANSHIP, ARCHITECTURE, HISTORIC PRESERVATION, LITERATURE, LABOR AND URBAN HISTORY.THIS CONTINUES A TRADITION OF PUBLIC LECTURES THAT STARTED AT THE SOCIETY IN 1837.THE GENERAL SOCIETY LIBRARY AND THE JOHN M MOSSMAN LOCK COLLECTION -THE GENERAL SOCIETY LIBRARY IS A REFERENCE AND SUBSCRIPTION CIRCULATING LIBRARY WITH APPROXIMATELY 300 MEMBERS. THE LIBRARY HAS APPROXIMATELY 110,000 BOOKS AND IS OPEN TO STUDENTS, MEMBERS, RESEARCHERS AND THE PUBLIC. THE MOSSMAN LOCK COLLECTION, WHICH IS OPEN TO THE PUBLIC, COMPRISES OVER 400 LOCKS, KEYS, TOOLS, AND OTHER ARTIFACTS, DATING FROM 4000 B.C. TO THE EARLY 20TH CENTURY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria A Dengel Executive Director | Officer | 40 | $335,000 |
Karin Taylor Program Director | 40 | $130,000 | |
Dan Holohan President | OfficerTrustee | 8 | $0 |
Thomas N Stein Vice-President | OfficerTrustee | 2 | $0 |
Rella Fogliano Secretary | OfficerTrustee | 4 | $0 |
Gerald Caporicci Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nova Construction Services Llc Building Contracting | 12/30/21 | $533,424 |
Century Elevator Maintenance Corp Elevator Maintenance | 12/30/21 | $272,483 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,622 |
| Total Program Service Revenue | $40,685 |
| Investment income | $677,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,557,441 |
| Net Gain/Loss on Asset Sales | $830 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,430,791 |
| 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. | $364,646 |
| Compensation of current officers, directors, key employees. | $54,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,503 |
| Pension plan accruals and contributions | $13,301 |
| Other employee benefits | $34,371 |
| Payroll taxes | $44,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,099 |
| Fees for services: Accounting | $67,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,767 |
| Fees for services: Other | $3,710 |
| Advertising and promotion | $0 |
| Office expenses | $33,294 |
| Information technology | $9,556 |
| Royalties | $0 |
| Occupancy | $110,271 |
| Travel | $2,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,126 |
| Insurance | $53,722 |
| All other expenses | $0 |
| Total functional expenses | $1,333,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,242 |
| Savings and temporary cash investments | $1,557,733 |
| Pledges and grants receivable | $500,000 |
| Accounts receivable, net | $61,602 |
| 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 | $35,376 |
| Net Land, buildings, and equipment | $4,792,641 |
| Investments—publicly traded securities | $22,716,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,809 |
| Total assets | $30,490,608 |
| Accounts payable and accrued expenses | $366,224 |
| Grants payable | $0 |
| Deferred revenue | $32,826 |
| 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 | $120,809 |
| Total liabilities | $519,859 |
| Net assets without donor restrictions | $27,614,643 |
| Net assets with donor restrictions | $2,356,106 |
| 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 | $30,490,608 |