Adirondack Historical Association
- Assets
- $85.5m
- Revenue
- $8.3m
- Investments
- $66.8m
- Employees
- 95
- Location
- Blue Mountain Lake, NY
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 13-5635801
Organization Overview
Adirondack Historical Association, operating under the name Adirondack Experience - The Museum On Blue Mountain Lake, is located in Blue Mountain Lake, NY. The organization was established in 1992. 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 12/2022, Adirondack Experience - The Museum On Blue Mountain Lake employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack Experience - The Museum On Blue Mountain Lake 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, Adirondack Experience - The Museum On Blue Mountain Lake generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ENCOURAGE HISTORICAL STUDY AND RESEARCH RELATING TO THE ADIRONDACK PARK; TO GATHER AND DISSEMINATE HISTORICAL INFORMATION CONCERNING THE PARK; TO COLLECT AND PRESERVE ALL DOCUMENTS, BOOKS, AND OBJECTS RELATING TO THE REGION; TO MAINTAIN AN HISTORICAL MUSEUM NECESSARY TO CARRY OUT THE WORK OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L Bird Trustee | Trustee | 1 | $0 |
Anne Donovan Bodnar Trustee | Trustee | 1 | $0 |
Peter J Falco Trustee | Trustee | 1 | $0 |
Drew C Forhan Trustee | Trustee | 1 | $0 |
Nancy R Keet Trustee | Trustee | 1 | $0 |
Benita Law-Diao Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $231,402 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $925,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,007,188 |
| Noncash contributions included in lines 1a–1f | $20,215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,164,190 |
| Total Program Service Revenue | $313,413 |
| Investment income | $718,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,597,521 |
| Net Income from Fundraising Events | $287,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $195,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,305,125 |
| 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. | $226,374 |
| Compensation of current officers, directors, key employees. | $226,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,885,674 |
| Pension plan accruals and contributions | $130,261 |
| Other employee benefits | $217,130 |
| Payroll taxes | $228,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,090 |
| Fees for services: Accounting | $24,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,513 |
| Advertising and promotion | $215,225 |
| Office expenses | $44,583 |
| Information technology | $8,028 |
| Royalties | $0 |
| Occupancy | $422,855 |
| Travel | $4,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $785,893 |
| Insurance | $109,399 |
| All other expenses | $74,023 |
| Total functional expenses | $5,071,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $581,561 |
| Pledges and grants receivable | $1,220,560 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,562 |
| Prepaid expenses and deferred charges | $52,908 |
| Net Land, buildings, and equipment | $16,682,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $66,755,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,481,091 |
| Accounts payable and accrued expenses | $212,192 |
| 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 | $949,975 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,162,167 |
| Net assets without donor restrictions | $53,057,549 |
| Net assets with donor restrictions | $31,261,375 |
| 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 | $85,481,091 |