Albany Institute Of History And Art

Organization Overview

Albany Institute Of History And Art is located in Albany, NY. The organization was established in 1942. 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 12/2022, Albany Institute Of History And Art employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Institute Of History And Art 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 12/2022, Albany Institute Of History And Art generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 3.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

REGIONAL MUSEUM FOR ALBANY AND THE UPPER HUDSON VALLEY REGION OF NEW YORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE INSTITUTE MAINTAINS A YEAR-ROUND MUSEUM EXHIBIT, PROVIDES EDUCATIONAL ART CLASSES, NEW YORK STATE CULTURAL INFORMATION AND ACTIVITIES TO ITS MEMBERS AND THE GENERAL PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Susan L Blabey
Trustee
$0
Edward A Bogdan III
Trustee
$0
Douglas L Cohn
Trustee
$0
Alan P Goldberg
Trustee
$0
Geraldine Golub
Trustee
$0
Denise Gorman
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $482,711
All other contributions, gifts, grants, and similar amounts not included above$1,240,530
Noncash contributions included in lines 1a–1f $215,676
Total Revenue from Contributions, Gifts, Grants & Similar$1,723,241
Total Program Service Revenue$120,168
Investment income $46,446
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $113,519
Net Income from Fundraising Events $53,930
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $57,866
Miscellaneous Revenue$0
Total Revenue $2,115,170

Peer Organizations

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New York, NY
$22,785,608
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$14,693,129
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Hartford, CT
$10,944,489
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$17,225,453
Institute Of Contemporary Art
Boston, MA
$26,427,567
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$12,286,366
International Center Of Photography
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$11,859,344
Worcester Art Museum
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$15,255,766
Ps1 Contemporary Art Center Inc
Long Island City, NY
$9,702,873
Isamu Noguchi Foundation And Garden Museum
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$11,920,545
Storm King Art Center
New Windsor, NY
$8,437,388
Frick Art & Historical Center Inc
Pittsburgh, PA
$10,931,044
Poster House Inc
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Queens Museum Of Art New York City Building
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$6,381,652
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Parrish Art Museum Inc
Water Mill, NY
$4,524,490
Montclair Art Museum
Montclair, NJ
$4,433,875
New Britain Museum Of American Art Inc
New Britain, CT
$4,038,361
Norman Rockwell Museum At Stockbridge Inc
Stockbridge, MA
$6,364,472
National Comedy Center Inc
Jamestown, NY
$3,247,853
Westmoreland Museum Of Art
Greensburg, PA
$6,299,818
Bronx Museum Of The Arts
Bronx, NY
$3,684,605
James A Michener Art Museum
Doylestown, PA
$3,591,644
Eric Carle Museum Of Picture Book Art Inc
Amherst, MA
$4,365,948
Woodmere Art Museum Inc
Philadelphia, PA
$4,813,071

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