Wilderstein Preservation is located in Rhinebeck, NY. The organization was established in 1981. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Wilderstein Preservation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilderstein Preservation 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, Wilderstein Preservation generated $375.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $337.8k during the year ending 12/2021. 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 MISSION IS TO ENRICH PEOPLE'S LIVES BY PROVIDING A RELEVANT, ENGAGING CULTURAL DESTINATION; TO PROTECT, PRESERVE AND RESTORE THE ESTATE'S ARCHITECTURE, LANDSCAPE AND COLLECTIONS; AND TO INTERPRET THE SITE'S HISTORY IN COMPELLING AND INNOVATIVE WAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TO CONDUCT EDUCATIONAL PROGRAMS, SERVICES, AND ACTIVITIES IN KEEPING WITH THE NATURE OF THE SITE.
PRESERVATION - TO REHABILITATE, PRESERVE, AND MAINTAIN THE WILDERSTEIN ESTATE AND TO DISPLAY SUCH PREMISES TO THE PUBLIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Duane Watson Vice President | Officer | 0 | $0 |
Janice Scriber President | Officer | 0 | $0 |
Elizabeth Pagano Treasurer | Officer | 0 | $0 |
Christine Foreacre Secretary | Officer | 0 | $0 |
Gregory J Sokaris Executive Dir. | Officer | 0 | $0 |
Matthew Carnicelli Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $98,087 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $98,087 |
Total Program Service Revenue | $42,462 |
Investment income | $188,533 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $43,968 |
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 | $2,785 |
Miscellaneous Revenue | $0 |
Total Revenue | $375,835 |
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. | $92,000 |
Compensation of current officers, directors, key employees. | $46,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $30,446 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10,028 |
Payroll taxes | $10,044 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,675 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,322 |
Office expenses | $4,346 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $10,871 |
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 | $72,082 |
Insurance | $14,845 |
All other expenses | $8,678 |
Total functional expenses | $337,827 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $202,757 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $26,771 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,109,261 |
Investments—publicly traded securities | $4,962,959 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,301,748 |
Accounts payable and accrued expenses | $266 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,800 |
Total liabilities | $4,066 |
Net assets without donor restrictions | $6,238,281 |
Net assets with donor restrictions | $2,059,401 |
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 | $8,301,748 |
Over the last fiscal year, we have identified 4 grants that Wilderstein Preservation has recieved totaling $12,539.
Awarding Organization | Amount |
---|---|
J M Kaplan Fund Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Organization Name | Assets | Revenue |
---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |