Putnam History Museum
- Assets
- $3.5m
- Revenue
- $304.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Cold Spring, NY
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 14-6029980
Organization Overview
Putnam History Museum is located in Cold Spring, NY. The organization was established in 1994. 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, Putnam History Museum employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam History 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 12/2021, Putnam History Museum generated $304.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $272.4k during the year ending 12/2021. While expenses have increased by 2.2% 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
THE PURPOSE OF THE ORGANIZATION IS TO COLLECT AND PRESERVE HISTORICAL AND CULTURAL MATERIALS PERTAINING TO THE HUDSON HIGHLANDS, THE WEST POINT FOUNDRY AND PUTNAM COUNTY; AND TO MAKE SUCH MATERIALS AVAILABLE TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND ADMINISTER THE FOUNDRY SCHOOL MUSEUM, HISTORICAL RECORDS, A LIBRARY, GENEALOGICAL RECORDS; PROVIDE PUBLIC ACCESS TO COLLECTIONS; AND PLAN, DEVELOP AND PRESENT INFORMATIONAL AND EDUCATIONAL PROGRAMS FOR THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassie Ward Executive Di | Officer | 40 | $75,487 |
Christine Foertsch Vice Chair | OfficerTrustee | 1 | $0 |
Mark Forlow Chair | OfficerTrustee | 5 | $0 |
Preston Pittman Secretary | OfficerTrustee | 5 | $0 |
Caroline Danford Treasurer | OfficerTrustee | 5 | $0 |
Sam Broe Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,260 |
| Fundraising events | $4,553 |
| Related organizations | $0 |
| Government grants | $93,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,120 |
| Noncash contributions included in lines 1a–1f | $1,261 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,155 |
| Total Program Service Revenue | $6,018 |
| Investment income | $83,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,309 |
| 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. | $75,487 |
| Compensation of current officers, directors, key employees. | $15,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,378 |
| Advertising and promotion | $0 |
| Office expenses | $9,573 |
| Information technology | $4,401 |
| Royalties | $0 |
| Occupancy | $43,690 |
| 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 | $21,833 |
| Insurance | $15,726 |
| All other expenses | $0 |
| Total functional expenses | $272,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,787 |
| Savings and temporary cash investments | $43,694 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,950 |
| Net Land, buildings, and equipment | $328,087 |
| Investments—publicly traded securities | $1,237,564 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,857,666 |
| Total assets | $3,510,463 |
| Accounts payable and accrued expenses | $738 |
| 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 | $0 |
| Total liabilities | $738 |
| Net assets without donor restrictions | $3,509,725 |
| Net assets with donor restrictions | $0 |
| 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 | $3,510,463 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Putnam History Museum has recieved totaling $593.
| Awarding Organization | Amount |
|---|---|
Topfield Foundation Inc Loudon, NH PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Peer Organizations
| 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 |