New York Historical Society
- Assets
- $208.0m
- Revenue
- $56.4m
- Investments
- $6.7m
- Employees
- 396
- Location
- New York, NY
- Founding
- 04/1938
- Data as of
- 06/2021
- EIN
- 13-1624124
Organization Overview
New York Historical Society is located in New York, NY. The organization was established in 1938. 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 06/2021, New York Historical Society employed 396 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Historical Society 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 06/2021, New York Historical Society generated $56.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $34.9m during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, PRESERVE, AND INTERPRET, FOR THE BROADEST POSSIBLE PUBLIC, SEE SCHEDULE O
Describe the Organization's Program Activity:
MUSEUM AND MUSEUM EXHIBITIONS - THE FOUNDING MISSION OF NEW-YORK HISTORICAL'S MUSEUM IS TO GATHER, PRESERVE, AND INTERPRET MATERIALS RELATED TO AMERICAN HISTORY THROUGH THE LENS OF NEW YORK. IT HOLDS ONE OF THE WORLD'S GREATEST COLLECTIONS OF HISTORICAL ARTIFACTS, AMERICAN ART, AND OTHER MATERIALS. THE MUSEUM'S COLLECTION HOLDINGS COMPRISE MORE THAN TWO MILLION WORKS. EXHIBITIONS, BOTH PERMANENT AND ROTATING, IN-HOUSE AND TRAVELING, ENABLE THE NEW-YORK HISTORICAL SOCIETY TO INTERPRET AND SHOWCASE THESE MATERIALS TO THE BROADEST POSSIBLE PUBLIC. FOR MORE INFORMATION, SEE SCHEDULE O.
EDUCATIONAL AND PUBLIC PROGRAMS - THE NEW-YORK HISTORICAL SOCIETY INFORMS AND EDUCATES THE PUBLIC THROUGH ITS SCHOOL PROGRAMS, ADULT PUBLIC PROGRAMS, AND WEBSITE. FOR MORE INFORMATION, SEE SCHEDULE O.
LIBRARY - THE PATRICIA D. KLINGENSTEIN LIBRARY AT THE NEW-YORK HISTORICAL SOCIETY IS ONE OF THE OLDEST INDEPENDENT RESEARCH LIBRARIES IN THE UNITED STATES. ITS EXTENSIVE COLLECTIONS, DATING FROM THE 16TH CENTURY TO THE PRESENT, PROVIDE UNIQUE INSIGHTS INTO THE HISTORY OF NEW YORK AND THE NATION. FOR MORE INFORMATION, SEE SCHEDULE O.
OTHER PROGRAM SERVICESOTHER PROGRAMS INCLUDE THE NYHISTORY STORE, SPACE RENTALS, AND RIGHTS AND REPRODUCTION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Mirrer President & CEO | OfficerTrustee | 35 | $490,223 |
Freddy Taveras Secretary,evp & Gen.counsel | Officer | 35 | $216,678 |
Richard Shein Assistant Treasurer And CFO | Officer | 35 | $213,715 |
Valerie Paley SVP And Library Director | Officer | 35 | $209,704 |
Michael Ryan VP Library Director | Officer | 35 | $200,832 |
Matthew Bregman VP Development | Officer | 35 | $199,552 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Am Stern Architects Llp Architects | 6/29/21 | $873,601 |
Clancy Moving Systems Inc Storage | 6/29/21 | $281,469 |
Makematic Media | 6/29/21 | $263,021 |
Securitas Security Services Usa Inc Security Services | 6/29/21 | $281,443 |
Platt Byard Dovell White Architects Llp Architects | 6/29/21 | $244,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $780,962 |
| Fundraising events | $3,886,532 |
| Related organizations | $0 |
| Government grants | $4,503,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,534,823 |
| Noncash contributions included in lines 1a–1f | $1,300,474 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,706,118 |
| Total Program Service Revenue | $1,296,470 |
| Investment income | $510,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $68,077 |
| Net Rental Income | $247,289 |
| Net Gain/Loss on Asset Sales | $21,125,067 |
| Net Income from Fundraising Events | -$38,635 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $254,509 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,360,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,593,563 |
| Compensation of current officers, directors, key employees. | $915,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,485,667 |
| Pension plan accruals and contributions | $501,586 |
| Other employee benefits | $2,058,832 |
| Payroll taxes | $837,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,193 |
| Fees for services: Accounting | $201,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $108,000 |
| Fees for services: Investment Management | $204,337 |
| Fees for services: Other | $1,748,506 |
| Advertising and promotion | $443,275 |
| Office expenses | $756,774 |
| Information technology | $437,521 |
| Royalties | $0 |
| Occupancy | $2,482,459 |
| Travel | $11,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,378,109 |
| Insurance | $226,143 |
| All other expenses | $873,229 |
| Total functional expenses | $34,855,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,475,225 |
| Savings and temporary cash investments | $21,718,810 |
| Pledges and grants receivable | $22,340,008 |
| Accounts receivable, net | $1,368,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $448,164 |
| Prepaid expenses and deferred charges | $4,120,276 |
| Net Land, buildings, and equipment | $97,410,747 |
| Investments—publicly traded securities | $49,420,849 |
| Investments—other securities | $6,700,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,003,318 |
| Accounts payable and accrued expenses | $5,394,980 |
| Grants payable | $0 |
| Deferred revenue | $1,587,979 |
| 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 | $12,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,682,423 |
| Total liabilities | $25,165,382 |
| Net assets without donor restrictions | $83,341,889 |
| Net assets with donor restrictions | $99,496,047 |
| 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 | $208,003,318 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New York Historical Society has recieved totaling $25,200.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $25,000 |
Stepanski Family Charitable Trust Palm Beach, FL PURPOSE: UNRESTRICTED | $200 |
Endowment Analysis
| Beg. Balance | $65,390,673 |
| Earnings | $14,656,087 |
| Net Contributions | $27,704 |
| Other Expense | $2,050,967 |
| Ending Balance | $78,023,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National September 11 Memorial & Museum At The World Trade Center Foundationinc New York, NY | $0 | $88,743,762 |
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |