The International Boxing Hall Of Fame Inc
- Assets
- $1.2m
- Revenue
- $511.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Canastota, NY
- Founding
- 03/1986
- Data as of
- 12/2020
- EIN
- 16-1229381
Organization Overview
The International Boxing Hall Of Fame Inc is located in Canastota, NY. The organization was established in 1986. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Boxing Hall Of Fame 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, International Boxing Hall Of Fame Inc generated $511.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $460.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
USE OF FACILITY FOR OUTDOOR SUMMER CONCERTS AND OTHER CHARITABLE PURPOSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Brohphy Executive Director | 40 | $79,500 | |
Donald Ackerman President | 5 | $0 | |
William Lemon Vice President | 5 | $0 | |
Darryl Hughto Secretary | 5 | $0 | |
Patrick Milmoe Treasurer | 10 | $0 | |
Paul Basilio Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $162,234 |
| Interest on Savings | $4,926 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $22,603 |
| Other Income | $321,821 |
| Total Revenue | $511,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,500 |
| Other employee salaries and wages | $146,465 |
| Pension plans, employee benefits | $22,725 |
| Interest | $0 |
| Taxes | $17,817 |
| Depreciation | $13,700 |
| Occupancy | $9,086 |
| Travel, conferences, and meetings | $12,672 |
| Printing and publications | $0 |
| Other expenses | $116,711 |
| Total operating and administrative expenses | $460,176 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $460,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $603,140 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $29,153 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $523,449 |
| Other assets | $0 |
| Total assets | $1,155,742 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $65,165 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $161 |
| Total liabilities | $65,326 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The International Boxing Hall Of Fame Inc has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $40,000 |
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 |