Lower East Side Tenement Museum
- Assets
- $36.9m
- Revenue
- $8.7m
- Investments
- $2.8m
- Employees
- 160
- Location
- New York, NY
- Founding
- 12/1988
- Data as of
- 06/2021
- EIN
- 13-3475390
Organization Overview
Lower East Side Tenement Museum is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Lower East Side Tenement Museum employed 160 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower East Side Tenement 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 06/2021, Lower East Side Tenement Museum generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $7.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 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
THE TENEMENT MUSEUM TELLS THE UNIQUELY AMERICAN STORIES OF IMMIGRANTS, MIGRANTS AND REFUGEES IN THE ONGOING CREATION OF OUR NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PROGRAMS - TOURS AND PRESENTATIONS TO IMPART KNOWLEDGE TO THE GENERAL PUBLIC CONCERNING THE HISTORY OF THE IMMIGRATION MOVEMENT IN AMERICA. SUCH KNOWLEDGE IS DIRECTLY RELATED TO THE PURPOSE OF THE EXEMPT ACTIVITY - THE OPERATION OF A HISTORICAL MUSEUM. DURING THE FISCAL YEAR ENDED 2021, 33,672 VISITORS TOURED THE MUSEUM. THIS WAS A HISTORIC DECLINE IN VISITORS, WHICH CARRIED OVER FROM COVID-19 RELATED IMPACTS TO VISITORSHIP IN THE PRIOR YEAR. ON MARCH 14TH, 2020 THE MUSEUM CLOSED ITS DOORS DUE TO THE COVID-19 PANDEMIC. IN MAY 2020, WE QUICKLY PIVOTED, CREATED AND LAUNCHED VIRTUAL CONTENT. THESE PROGRAMS WERE THE MUSEUMS'S FIRST VIRTUAL FIELD TRIPS FOR SCHOOL GROUPS AND THE MUSEUM EXTENDED THIS CONTENT RICH VIRTUAL TOUR TO THE PUBLIC IN JUNE 2020. THE FY21 NUMBERS INCLUDE VISITORS ON THESE PUBLIC VIRTUAL PROGRAMS, AS WELL AS WALKING TOURS AND PUBLIC ONSITE TOURS AS THEY WERE BROUGHT BACK ONLINE IN AUGUST 2020 AND MAY 2021, RESPECTIVELY.
MUSEUM SHOP - THE GIFT SHOP OFFERS BOOKS, MULTIMEDIA, MUSEUM PRODUCTS, GIFTS AND TOYS THAT DOCUMENT AND/ OR COMMEMORATE THE IMMIGRANT EXPERIENCES AND THE STORIES OF LIFE AND HISTORICAL PERSPECTIVES OF THE LOWER EAST SIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Davidson Chief Development Officer | Officer | 40 | $183,639 |
Anne Brenner VP Of Hr | 40 | $119,908 | |
Nancy Rachman Director Of Development | 40 | $113,739 | |
Rachael Grygorcewicz VP Of Visitor Services | 40 | $108,444 | |
Alsia Martin VP Of Education Ops | 40 | $108,211 | |
Ian Patrick Director Of Events And Donor Engagement | 40 | $105,415 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proskauer Rose Llp Legal Services | 6/29/19 | $110,637 |
Mandarin Oriental Gala Event Location | 6/29/19 | $150,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $956,029 |
| Related organizations | $0 |
| Government grants | $2,317,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,371,829 |
| Noncash contributions included in lines 1a–1f | $54,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,645,162 |
| Total Program Service Revenue | $857,089 |
| Investment income | $8,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $176,608 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,687,426 |
| 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. | $516,816 |
| Compensation of current officers, directors, key employees. | $218,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,957,509 |
| Pension plan accruals and contributions | $135,327 |
| Other employee benefits | $486,908 |
| Payroll taxes | $293,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $269,815 |
| Fees for services: Accounting | $59,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,558 |
| Advertising and promotion | $78,788 |
| Office expenses | $220,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $256,967 |
| Travel | $2,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $128,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100,893 |
| Insurance | $115,138 |
| All other expenses | $17,249 |
| Total functional expenses | $7,012,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,957,668 |
| Savings and temporary cash investments | $327,107 |
| Pledges and grants receivable | $1,595,152 |
| Accounts receivable, net | $12,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $132,096 |
| Prepaid expenses and deferred charges | $154,904 |
| Net Land, buildings, and equipment | $25,987,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,755,637 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329 |
| Total assets | $36,923,048 |
| Accounts payable and accrued expenses | $354,045 |
| Grants payable | $0 |
| Deferred revenue | $46,961 |
| 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 | $1,347,484 |
| Other liabilities | $9,197,264 |
| Total liabilities | $10,945,754 |
| Net assets without donor restrictions | $20,948,662 |
| Net assets with donor restrictions | $5,028,632 |
| 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 | $36,923,048 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lower East Side Tenement Museum has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
David L Klein Jr Foundation King Of Prussia, PA PURPOSE: OPERATING SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $2,747,234 |
| Earnings | $8,567 |
| Ending Balance | $2,755,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |