Margaret Woodbury Strong Museum
- Assets
- $251.3m
- Revenue
- $41.5m
- Investments
- $119.8m
- Employees
- 380
- Location
- Rochester, NY
- Founding
- 09/1968
- Data as of
- 12/2023
- EIN
- 16-0954168
Organization Overview
Margaret Woodbury Strong Museum, operating under the name The Strong, is located in Rochester, NY. The organization was established in 1968. 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 12/2023, Strong employed 380 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strong 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 12/2023, Strong generated $41.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $23.1m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS AN EDUCATIONAL INSTITUTION FOCUSED ON AMERICAN CULTURAL HISTORY, STRONG MUSEUM EXPLORES PLAY IN ORDER TO ENCOURAGE LEARNING, CREATIVITY, AND DISCOVERY. THE MUSEUM ACCOMPLISHES THIS THROUGH EXHIBITIONS, PROGRAMS, PUBLICATIONS, AND OTHER ACTVITIES THAT ENGAGE, ENTERTAIN AND ENLIGHTEN DIVERSE AUDIENCES, ESPECIALLY FAMILIES, CHILDREN, AND EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS AND EDUCATION - AS AN EDUCATIONAL INSTITUTION FOCUSED ON AMERICAN CULTURAL HISTORY, THE STRONG EXPLORES PLAY IN ORDER TO ENCOURAGE LEARNING, CREATIVITY, AND DISCOVERY. THE MUSEUM ACCOMPLISHES THIS THROUGH EXHIBITIONS, PROGRAMS, AND OTHER ACTIVITIES THAT ENGAGE, ENTERTAIN, AND ENLIGHTEN DIVERSE AUDIENCES, ESPECIALLY FAMILIES, CHILDREN, AND EDUCATORS. (647,095 SERVED)
CURATORIAL AND COLLECTIONS- TO SUPPORT THE MISSION, THE MUSEUM COLLECTS, PRESERVES, AND RESEARCHES OBJECTS, MANUSCRIPTS, AND OTHER MATERIALS THAT REFLECT AND DOCUMENT THE IMPORTANCE OF PLAY, PARTICULARLY AS IT REFLECTS AND ILLUMINATES THE AMERICAN EXPERIENCE AND WITH SPECIAL EMPHASIS ON TOYS AND OTHER ARTIFACTS RELATED TO PLAY. (647,095 SERVED)
GUEST AND MEMBERSHIP SERVICES- TO SUPPORT THE MISSION, THE MUSEUM PLACES GREAT EMPHASIS ON GUEST SERVICES AND THE WAY IN WHICH GUESTS ARE HOSTED AND GUIDED DURING THEIR VISIT. THE MUSEUM CONSIDERS GUEST SERVICES TO BE A CRITICAL COMPONENT OF THE VISITORS' EXPERIENCE WHICH ENHANCES THEIR ABILITY TO LEARN, CREATE AND DISCOVER. (647,095 SERVED)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karthik Bala Trustee | Trustee | 1 | $0 |
Kenneth Glazer Vice Chair | OfficerTrustee | 1 | $0 |
Nan Hildebrandt Secretary | OfficerTrustee | 1 | $0 |
Reena Mehta Trustee | Trustee | 1 | $0 |
Hilda Rosario Escher Trustee | Trustee | 1 | $0 |
Stan Purdie Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chaintreuil Jensen & Stark Architects L Consulting | 12/30/23 | $194,506 |
Hb Cornerstone Partners Llc Consulting | 12/30/23 | $138,015 |
Don Daglow Fundraising | 12/30/23 | $110,000 |
Laduca Law Firm Llp Legal Services | 12/30/23 | $103,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,310,475 |
| Fundraising events | $450,308 |
| Related organizations | $0 |
| Government grants | $21,119,051 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,322,169 |
| Noncash contributions included in lines 1a–1f | $133,507 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,202,003 |
| Total Program Service Revenue | $8,357,424 |
| Investment income | $669,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,650 |
| Net Income from Fundraising Events | -$185,460 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,516,891 |
| 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. | $620,883 |
| Compensation of current officers, directors, key employees. | $620,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,417,315 |
| Pension plan accruals and contributions | $452,902 |
| Other employee benefits | $732,672 |
| Payroll taxes | $628,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,387 |
| Fees for services: Accounting | $66,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $110,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,076 |
| Advertising and promotion | $2,289,595 |
| Office expenses | $604,607 |
| Information technology | $246,144 |
| Royalties | $0 |
| Occupancy | $1,362,227 |
| Travel | $70,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,470,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,472,991 |
| Insurance | $195,771 |
| All other expenses | $0 |
| Total functional expenses | $23,074,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,153 |
| Savings and temporary cash investments | $1,860,931 |
| Pledges and grants receivable | $15,305,003 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $108,772,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $119,807,349 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,259,051 |
| Total assets | $251,281,672 |
| Accounts payable and accrued expenses | $2,208,862 |
| Grants payable | $0 |
| Deferred revenue | $3,040,263 |
| Tax-exempt bond liabilities | $51,413,328 |
| 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 | $8,913,699 |
| Other liabilities | $4,133,356 |
| Total liabilities | $69,709,508 |
| Net assets without donor restrictions | $76,340,114 |
| Net assets with donor restrictions | $105,232,050 |
| 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 | $251,281,672 |