Farmers Museum Inc

Organization Overview

Farmers Museum Inc is located in New York, NY. The organization was established in 1944. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Farmers Museum Inc employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmers Museum Inc 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, Farmers Museum Inc generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CULTIVATING AN UNDERSTANDING OF THE RURAL HERITAGE THAT HAS SHAPED AMERICAN CULTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUSEUM-MUSEUM RECREATES LIFE ON THE EARLY NEW YORK FRONTIER


EDUCATION-NEW YORK HISTORY STUDIES


LIBRARY NEW YORK HISTORY RESEARCH


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Board, Officers & Key Employees

Name (title)Compensation
Jane Forbes Clark
Director, Chairman
$0
Kevin Moore
Director
$0
Gates Hawn
Director
$0
Edward Stack
Director
$0
Henry Weil
Director
$0
David Bliss
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Clark Estates Inc
Management Fees
$772,422
Rose & Kiernan
Employee Insurance
$248,706
Tiaa-cref
Pension
$134,869
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $32,600
All other contributions, gifts, grants, and similar amounts not included above$675,167
Noncash contributions included in lines 1a–1f $7,500
Total Revenue from Contributions, Gifts, Grants & Similar$707,767
Total Program Service Revenue$659,844
Investment income $211,019
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,271,235
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,849,865

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