Frederic Remington Art Museum
- Assets
- $5.0m
- Revenue
- $590.1k
- Investments
- $0.0
- Employees
- 20
- Location
- Ogdensburg, NY
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 13-3179600
Organization Overview
Frederic Remington Art Museum is located in Ogdensburg, NY. The organization was established in 1995. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Frederic Remington Art Museum employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederic Remington Art Museum 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, Frederic Remington Art Museum generated $590.1k 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 (4.6%) each year. All expenses for the organization totaled $854.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
PRESERVATION AND EXHIBITION OF FREDERIC REMINGTON'S ART WORK AND OPERATION OF A PUBLIC MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND EXHIBITION OF FREDERIC REMINGTON'S ART WORK AND OPERATION OF A PUBLIC MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lora Nadolski Executive Director | Officer | 40 | $90,642 |
Richard Johnson Treasurer | OfficerTrustee | 1 | $0 |
Craig Chevalier President | OfficerTrustee | 4 | $0 |
Michael Crowe Vice President | OfficerTrustee | 1 | $0 |
Ed Forbes Secretary | OfficerTrustee | 1 | $0 |
Barbara Downs Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,515 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,950 |
| Total Program Service Revenue | $23,929 |
| Investment income | $2,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,222 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $151,339 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,086 |
| 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. | $90,642 |
| Compensation of current officers, directors, key employees. | $54,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,423 |
| Pension plan accruals and contributions | $62,636 |
| Other employee benefits | $43,805 |
| Payroll taxes | $28,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,938 |
| Fees for services: Accounting | $8,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,189 |
| Fees for services: Other | $41,500 |
| Advertising and promotion | $5,250 |
| Office expenses | $5,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,153 |
| 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 | $139,256 |
| Insurance | $36,265 |
| All other expenses | $13,571 |
| Total functional expenses | $854,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,536 |
| Savings and temporary cash investments | $216,606 |
| Pledges and grants receivable | $19,544 |
| Accounts receivable, net | $3,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $281,516 |
| Prepaid expenses and deferred charges | $37,933 |
| Net Land, buildings, and equipment | $2,612,086 |
| Investments—publicly traded securities | $92,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,774,065 |
| Total assets | $5,040,361 |
| Accounts payable and accrued expenses | $88,946 |
| Grants payable | $0 |
| Deferred revenue | $6,975 |
| 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 | $95,921 |
| Net assets without donor restrictions | $4,479,090 |
| Net assets with donor restrictions | $465,350 |
| 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 | $5,040,361 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Frederic Remington Art Museum has recieved totaling $18,791.
| Awarding Organization | Amount |
|---|---|
Northern New York Community Foundation Inc Watertown, NY PURPOSE: PROGRAM SUPPORT | $15,992 |
Alexander C Macintyre Charitable Trust Ii Miami, FL PURPOSE: ART MUSEUM | $1,000 |
Corning Incorporated Foundation Corning, NY PURPOSE: GENERAL PROGRAM SUPPORT | $1,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $225 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Endowment Analysis
| Beg. Balance | $1,579,631 |
| Earnings | $296,266 |
| Admin Expense | $17,135 |
| Net Contributions | $36,151 |
| Other Expense | $178,865 |
| Ending Balance | $1,716,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |