Erie Canal Museum
- Assets
- $1.1m
- Revenue
- $600.3k
- Investments
- $49.6k
- Employees
- 12
- Location
- Syracuse, NY
- Founding
- 06/1964
- Data as of
- 12/2021
- EIN
- 15-0624395
Organization Overview
Erie Canal Museum is located in Syracuse, NY. The organization was established in 1964. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Erie Canal Museum employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erie Canal 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, Erie Canal Museum generated $600.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $587.1k 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
SHOWCASING THE ONLY REMAINING WEIGHLOCK BUILDING IN THE UNITED STATES, THE ERIE CANAL MUSEUM COLLECTS AND PRESERVES CANAL MATERIAL, AND PROVIDES ENGAGING EDUCATIONAL EXPERIENCES THAT CHAMPION AN APPRECIATION AND UNDERSTANDING OF THE ERIE CANAL'S TRANSFORMING EFFECTS ON THE PAST, PRESENT AND FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES IN CONNECTION WITH PROVIDING CURATORIAL, LIBRARY, AND EDUCATIONAL PROGRAMS TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Stetson Executive Director | Officer | 40 | $53,936 |
Patrick Griffin Treasurer & Trustee | OfficerTrustee | 3 | $0 |
Cara Howe President & Trustee | OfficerTrustee | 3 | $0 |
Michael Harriff Vice President & Trustee | OfficerTrustee | 3 | $0 |
Michael P Goetz CPA Secretary & Trustee | OfficerTrustee | 3 | $0 |
Brad Rogers Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,757 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,034 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,830 |
| Total Program Service Revenue | $8,897 |
| Investment income | $23,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,944 |
| Net Income from Fundraising Events | $31,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,849 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $600,282 |
| 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. | $53,936 |
| Compensation of current officers, directors, key employees. | $24,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,932 |
| Pension plan accruals and contributions | $1,016 |
| Other employee benefits | $51,581 |
| Payroll taxes | $3,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244 |
| Advertising and promotion | $3,137 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,797 |
| Interest | $2,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,313 |
| Insurance | $5,667 |
| All other expenses | $0 |
| Total functional expenses | $587,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,687 |
| Pledges and grants receivable | $11,000 |
| Accounts receivable, net | $8,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,080 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $393,288 |
| Investments—publicly traded securities | $389,524 |
| Investments—other securities | $49,610 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,078 |
| Total assets | $1,105,999 |
| Accounts payable and accrued expenses | $16,616 |
| 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 | $266,754 |
| Total liabilities | $283,370 |
| Net assets without donor restrictions | $627,188 |
| Net assets with donor restrictions | $195,441 |
| 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 | $1,105,999 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Erie Canal Museum has recieved totaling $23,151.
| Awarding Organization | Amount |
|---|---|
Erie Canalway Heritage Fund Inc Waterford, NY PURPOSE: SUPPORT MISSION | $20,015 |
J M Mcdonald Foundation Inc Wilmington, DE PURPOSE: 2021 NATHAN ROBERTS BOAT REPAIR AND PROGRAM | $2,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |