National Baseball Hall Of Fame And Museum Inc
- Assets
- $59.9m
- Revenue
- $13.9m
- Investments
- $18.0m
- Employees
- 211
- Location
- Cooperstown, NY
- Founding
- 07/1937
- Data as of
- 12/2020
- EIN
- 15-0572877
Organization Overview
National Baseball Hall Of Fame And Museum Inc is located in Cooperstown, NY. The organization was established in 1937. 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 12/2021, National Baseball Hall Of Fame And Museum Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Baseball Hall Of Fame And 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 12/2020, National Baseball Hall Of Fame And Museum Inc generated $13.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $11.4m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION DEDICATED TO FOSTERING AN APPRECIATION OF THE HISTORICAL DEVELOPMENT OF THE GAME OF BASEBALL AND ITS IMPACT ON OUR CULTURE BY COLLECTING, PRESERVING, EXHIBITING, AND INTERPRETING ITS COLLECTIONS FOR A GLOBAL AUDIENCE, AS WELL AS HONORING THOSE WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO OUR NATIONAL PASTIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHROUGH ITS MISSION, THE MUSEUM IS COMMITTED TO: COLLECTING, THROUGH DONATION, BASEBALL ARTIFACTS, WORKS OF ART, LITERATURE, PHOTOGRAPHS, MEMORABILIA AND RELATED MATERIALS WHICH FOCUS ON THE HISTORY OF THE GAME OVER TIME, ITS PLAYERS, AND THOSE ELECTED TO THE HALL OF FAME. PRESERVING THE COLLECTIONS BY ADHERING TO PROFESSIONAL MUSEUM STANDARDS WITH RESPECT TO CONSERVATION AND MAINTAINING A PERMANENT RECORD OF HOLDINGS THROUGH DOCUMENTATION, STUDY, RESEARCH, CATALOGING AND PUBLICATION. EXHIBITING MATERIAL IN PERMANENT GALLERY SPACE, ORGANIZING ON-SITE CHANGING EXHIBITIONS ON VARIOUS THEMES, WITH WORKS FROM THE HALL OF FAME COLLECTIONS OR OTHER SOURCES, WORKING WITH OTHER INDIVIDUALS OR ORGANIZATION TO EXHIBIT LOANED MATERIAL OF SIGNIFICANCE TO BASEBALL AND PROVIDING RELATED RESEARCH FACILITIES. INTERPRETING ARTIFACTS THROUGH ITS EXHIBITION AND EDUCATION PROGRAMS TO ENHANCE AWARENESS, UNDERSTANDING AND APPRECIATION OF THE GAME FOR A DIVERSE AUDIENCE. HONORING, BY ENSHRINEMENT, THOSE INDIVIDUALS WHO HAD EXCEPTIONAL CAREERS, AND RECOGNIZING OTHERS FOR THEIR SIGNFICANT ACHIEVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Mead President (thru 5/21) | Officer | 35 | $322,281 |
Jeffrey J Jones Sr VP Finance & Admin | Officer | 35 | $261,140 |
Sean Gahagan VP Retail Marketing & Lic. | Officer | 35 | $205,341 |
Jeffrey L Idelson Interim President (5/21 To 9/21) | Officer | 35 | $174,077 |
Josh Rawitch President (beg 9/21) | Officer | 35 | $144,686 |
Kenneth Meifert VP Sponsorship & Development | Officer | 35 | $121,867 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mlb Network Llc Production Services | 12/30/21 | $300,000 |
Patterson Belknap Webb & Tyler Llp Legal Services | 12/30/21 | $253,290 |
Kpmg Llp Accounting/tax Services | 12/30/21 | $114,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,360 |
| Related organizations | $0 |
| Government grants | $1,788,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,653,790 |
| Noncash contributions included in lines 1a–1f | $53,015 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,444,570 |
| Total Program Service Revenue | $2,875,904 |
| Investment income | $572,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $472,678 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,110 |
| Net Income from Fundraising Events | -$13,231 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,912,990 |
| 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. | $1,593,413 |
| Compensation of current officers, directors, key employees. | $917,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,043,486 |
| Pension plan accruals and contributions | $268,539 |
| Other employee benefits | $781,312 |
| Payroll taxes | $280,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $148,280 |
| Fees for services: Accounting | $129,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $208,690 |
| Fees for services: Other | $316,632 |
| Advertising and promotion | $339,310 |
| Office expenses | $375,170 |
| Information technology | $203,967 |
| Royalties | $0 |
| Occupancy | $764,057 |
| Travel | $49,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,826,656 |
| Insurance | $245,165 |
| All other expenses | $331,154 |
| Total functional expenses | $11,446,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,951,336 |
| Savings and temporary cash investments | $2,203,136 |
| Pledges and grants receivable | $5,718,624 |
| Accounts receivable, net | $673,333 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $662,296 |
| Prepaid expenses and deferred charges | $157,239 |
| Net Land, buildings, and equipment | $23,827,421 |
| Investments—publicly traded securities | $5,680,110 |
| Investments—other securities | $18,018,303 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,891,798 |
| Accounts payable and accrued expenses | $449,273 |
| Grants payable | $0 |
| Deferred revenue | $466,179 |
| 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 | $2,781,107 |
| Total liabilities | $3,696,559 |
| Net assets without donor restrictions | $28,575,625 |
| Net assets with donor restrictions | $27,619,614 |
| 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 | $59,891,798 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that National Baseball Hall Of Fame And Museum Inc has recieved totaling $3,283,119.
| Awarding Organization | Amount |
|---|---|
Major League Baseball Charities Inc New York, NY PURPOSE: GENERAL PURPOSE | $2,000,000 |
Tull Fam Foundation Chicago, IL PURPOSE: BASEBALL EDUCATION | $1,000,000 |
Saul Steinberg Foundation New York, NY PURPOSE: DONATION OF ARTWORK TO BE DISPLAYED. | $113,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $26,877 |
Scriven Foundation New York, NY PURPOSE: WEBSITE UPDATE AND RELAUNCH | $25,000 |
Byer Foundation San Francisco, CA PURPOSE: CHARITABLE DONATION | $25,000 |
Endowment Analysis
| Beg. Balance | $31,309,812 |
| Earnings | $3,378,636 |
| Admin Expense | $245,846 |
| Net Contributions | $4,465,726 |
| Ending Balance | $38,908,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |