Old Fort Niagara Association Incorporated
- Assets
- $6.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 56
- Location
- Youngstown, NY
- Founding
- 05/1941
- Data as of
- 12/2022
- EIN
- 16-0768721
Organization Overview
Old Fort Niagara Association Incorporated is located in Youngstown, NY. The organization was established in 1941. 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, Old Fort Niagara Association Incorporated employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Fort Niagara Association Incorporated 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 12/2022, Old Fort Niagara Association Incorporated generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN HISTORICAL SITE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLD FORT NIAGARA ASSOCIATION, INC. OCCUPIES AND MAINTAINS AN HISTORICAL SITE AS A MUSEUM, PROVIDING SPECIAL EVENTS AND INTERPRETATION OF HISTORICAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Emerson Executive Dir. | Officer | 40 | $74,935 |
Bruce Newton President | OfficerTrustee | 1 | $0 |
Everell Jewett III Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Kahn Secretary | OfficerTrustee | 1 | $0 |
James Frank Treasurer | OfficerTrustee | 1 | $0 |
Timothy Adamson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,020 |
| Total Program Service Revenue | $1,017,289 |
| Investment income | $60,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,626 |
| Net Income from Fundraising Events | $34,205 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $189,309 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,505,557 |
| 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. | $88,531 |
| Compensation of current officers, directors, key employees. | $30,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $804,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,628 |
| Payroll taxes | $71,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,789 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,917 |
| Office expenses | $71,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,030 |
| Insurance | $0 |
| All other expenses | $28,504 |
| Total functional expenses | $1,594,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,523 |
| Savings and temporary cash investments | $1,463,109 |
| Pledges and grants receivable | $37,500 |
| Accounts receivable, net | $9,310 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $146,703 |
| Prepaid expenses and deferred charges | $24,168 |
| Net Land, buildings, and equipment | $2,149,462 |
| Investments—publicly traded securities | $1,485,534 |
| Investments—other securities | $0 |
| Investments—program-related | $868,731 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,225,040 |
| Accounts payable and accrued expenses | $85,257 |
| Grants payable | $0 |
| Deferred revenue | $245,792 |
| 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 | $149,908 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $480,957 |
| Net assets without donor restrictions | $4,673,150 |
| Net assets with donor restrictions | $1,070,933 |
| 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 | $6,225,040 |