Frederic Remington Art Museum
- Assets
- $4.6m
- Revenue
- $461.9k
- Investments
- $0.0
- Employees
- 17
- Location
- Ogdensburg, NY
- Founding
- 06/1995
- Data as of
- 12/2023
- 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 12/2023, Frederic Remington Art Museum employed 17 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 12/2023, Frederic Remington Art Museum generated $461.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $701.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 9 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Downs Secretary | OfficerTrustee | 1 | $0 |
Ed Forbes Treasurer | OfficerTrustee | 1 | $0 |
Doug Mcdonald President | OfficerTrustee | 2 | $0 |
Jeanine Mclellan Trustee | Trustee | 1 | $0 |
Amanda Hitterman Trustee | Trustee | 1 | $0 |
Amy Wright President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $116,516 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,813 |
| Total Program Service Revenue | $43,177 |
| Investment income | $2,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,517 |
| Net Income from Fundraising Events | $44,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,584 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $461,891 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,531 |
| Pension plan accruals and contributions | $14,921 |
| Other employee benefits | $12,533 |
| Payroll taxes | $21,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,191 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,528 |
| Advertising and promotion | $1,056 |
| Office expenses | $17,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,302 |
| 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 | $146,949 |
| Insurance | $34,952 |
| All other expenses | $6,449 |
| Total functional expenses | $701,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,008 |
| Savings and temporary cash investments | $229,208 |
| Pledges and grants receivable | $23,917 |
| Accounts receivable, net | $3,072 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $215,745 |
| Prepaid expenses and deferred charges | $38,738 |
| Net Land, buildings, and equipment | $2,411,046 |
| Investments—publicly traded securities | $69,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,536,865 |
| Total assets | $4,554,530 |
| Accounts payable and accrued expenses | $21,882 |
| Grants payable | $0 |
| Deferred revenue | $9,103 |
| 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 | $54,132 |
| Total liabilities | $85,117 |
| Net assets without donor restrictions | $3,984,755 |
| Net assets with donor restrictions | $484,658 |
| 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 | $4,554,530 |