Statue Of Liberty Ellis Island Foundation Inc
- Assets
- $76.3m
- Revenue
- $19.4m
- Investments
- $14.1m
- Employees
- 36
- Location
- New York, NY
- Founding
- 09/1982
- Data as of
- 03/2022
- EIN
- 13-3118415
Organization Overview
Statue Of Liberty Ellis Island Foundation Inc is located in New York, NY. The organization was established in 1982. 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 03/2023, Statue Of Liberty Ellis Island Foundation Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Statue Of Liberty Ellis Island Foundation 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 03/2022, Statue Of Liberty Ellis Island Foundation Inc generated $19.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $9.9m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELF-GUIDED/AUDIO TOUR: UNDER AN AGREEMENT WITH THE NATIONAL PARK SERVICE, THE FOUNDATION IS AUTHORIZED TO OPERATE A SELF-GUIDED/AUDIO TOUR PROGRAM WITH CONTENT COVERING LIBERTY ISLAND AND THE ELLIS ISLAND MUSEUM. THE AUDIO TOUR IS AVAILABLE IN 12 LANGUAGES, AS WELL AS AN ASL AND AUDIO DESCRIPTOR TOUR. REVENUES GENERATED BY THESE TOURS ARE AVAILABLE FOR PROJECTS JOINTLY AGREED TO BY THE STATUE OF LIBERTY-ELLIS ISLAND FOUNDATION AND THE NATIONAL PARK SERVICE. IN FISCAL YEAR 2023, AUDIO TOURS WERE AVAILABLE TO THE APPROXIMATELY 3.3 MILLION VISITORS TO LIBERTY AND ELLIS ISLANDS.
ELLIS MUSEUM PROJECT: THE ORIGINAL EXHIBITRY AT THIS MUSEUM IS MORE THAN 30 YEARS OLD. THE FOUNDATION IS WORKING WITH THE NATIONAL PARK SERVICE TO REIMAGINE THE MUSEUM FOR THE 21ST CENTURY. THE FOUNDATION LOOKS TO MAINTAIN THE MUSEUM'S EXCEPTIONAL STORYTELLING, WHILE DEEPENING THE EXPERIENCE FOR THE CONTEMPORARY VISITOR.
ELLIS WALL OF HONOR EXPANSION: FOR MORE THAN 30 YEARS, THE AMERICAN IMMIGRANT WALL OF HONOR HAS BEEN A UNIQUE AND LASTING MONUMENT CELEBRATING COUNTLESS IMMIGRANT STORIES. VIRTUALLY EVERY NATIONALITY FROM EVERY INHABITED CONTINENT CAN BE FOUND ON THE WALL OF HONOR, ALONGSIDE THOSE WHO ENDURED FORCED MIGRATION FROM SLAVERY AND OUR LAND'S EARLIEST SETTLERS. IN RESPONSE TO CONTINUED INTEREST IN THE WALL OF HONOR, THE FOUNDATION IS EXPANDING THE MONUMENT; WHILE THE WALL IS CURRENTLY FULL, SOON THERE WILL BE ROOM FOR MANY MORE INDIVIDUALS AND FAMILIES TO COMMEMORATE THEIR FAMILY'S IMMIGRANT HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Brackenbury Dir/pres/ceo | OfficerTrustee | 40 | $354,357 |
Tony Alvarez II Director (from 6/16/22) | Trustee | 1 | $0 |
Albert Bellas Director | Trustee | 1 | $0 |
Miguel Bezos Director (from 10/27/22) | Trustee | 1 | $0 |
Stephen Briganti Director/president Emeritus | Trustee | 1 | $0 |
Michael Donovan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acoustiguide Audio Tour Services | 3/30/23 | $2,107,599 |
Ralph Applebaum Museum Design Services | 3/30/23 | $1,622,487 |
Phelps Construction Construction Services | 3/30/23 | $1,075,579 |
One Source Production Fulfillment Services | 3/30/23 | $542,072 |
Highland Associates Museum Engineering & Architecture Servic | 3/30/23 | $267,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,731,128 |
| Investment income | $633,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,582,075 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $272,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,429,359 |
| Statement of Expenses | |
|---|---|
| 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. | $1,210,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,101,793 |
| Pension plan accruals and contributions | $54,886 |
| Other employee benefits | $196,266 |
| Payroll taxes | $186,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,754 |
| Fees for services: Accounting | $67,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $103,800 |
| Fees for services: Investment Management | $85,000 |
| Fees for services: Other | $4,962,074 |
| Advertising and promotion | $6,980 |
| Office expenses | $189,310 |
| Information technology | $368,608 |
| Royalties | $0 |
| Occupancy | $257,530 |
| Travel | $4,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,609 |
| Interest | $17 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $539,500 |
| Insurance | $40,087 |
| All other expenses | $0 |
| Total functional expenses | $9,914,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,576,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,057,324 |
| Accounts receivable, net | $501,912 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,131 |
| Prepaid expenses and deferred charges | $289,384 |
| Investments—publicly traded securities | $53,109,057 |
| Investments—other securities | $14,070,312 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,993 |
| Total assets | $76,306,569 |
| Accounts payable and accrued expenses | $1,239,652 |
| 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 | $1,239,652 |
| Net assets without donor restrictions | $66,168,568 |
| Net assets with donor restrictions | $8,898,349 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $75,066,917 |