The Hyde Collection Trust

Organization Overview

The Hyde Collection Trust is located in Glens Falls, NY. The organization was established in 1955. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Hyde Collection Trust employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde Collection Trust 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, Hyde Collection Trust generated $2.3m 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 (5.7%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE HYDE COLLECTION'S MISSION IS TO DEVELOP AND HIGHLIGHT A COLLECTION OF INTERNATIONAL IMPORTANCE, CREATE EXHIBITIONS OF REGIONAL AND NATIONAL SIGNIFICANCE, AND PROVIDE INVIGORATING EDUCATIONAL PROGRAMS TO ITS CORE LOCAL AUDIENCES AND COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISPLAY, MAINTENANCE AND CONSERVATION OF THE ART COLLECTION, INCLUDING EXHIBITIONS AND EDUCATION PROGRAMS.


COMMUNICATION, PROMOTION, AND PUBLICATION OF PROGRAMS, SERVICES, EXHIBITION CATALOGS, AND MUSEUM NEWS.


MEMBER AND VISITOR SERVICES: TO MEET THE NEEDS OF MEMBERS AND VISITORS TO THE MUSEUM


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Board, Officers & Key Employees

Name (title)Compensation
Jason C Ward
Chair
$0
Sarah Parker Ward
Co-Vice Chair
$0
Carl Debrule
Co-Vice Chair
$0
Shane Williams-Ness
Secretary
$0
Debra Smith
Treasurer
$0
Chelsea Hoopes Silver
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$117,817
Fundraising events$186,846
Related organizations$0
Government grants $329,949
All other contributions, gifts, grants, and similar amounts not included above$1,186,849
Noncash contributions included in lines 1a–1f $40,062
Total Revenue from Contributions, Gifts, Grants & Similar$1,821,461
Total Program Service Revenue$94,922
Investment income $121,800
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $202,490
Net Income from Fundraising Events $35,235
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $8,878
Miscellaneous Revenue$0
Total Revenue $2,290,896

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