St Lawrence Power & Equipment Museum
- Assets
- $2.0m
- Revenue
- $264.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Madrid, NY
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 20-1041301
Organization Overview
St Lawrence Power & Equipment Museum is located in Madrid, NY. The organization was established in 2004. According to its NTEE Classification (A57) the organization is classified as: Science & Technology 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. St Lawrence Power & Equipment 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, St Lawrence Power & Equipment Museum generated $264.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $93.4k 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
THE ST. LAWRENCE POWER & EQUIPMENT MUSEUM PRESERVES AND TEACHES THE HISTORY OF HOW PEOPLE OF THE NORTH COUNTRY OF NEW YORK LIVED AND HOW EARLIER TECHNOLOGIES AND EVENTS HELPED SHAPE THEIR LIVES. HISTORY COMES ALIVE THROUGH DEMONSTRATIONS, INTERPRETIVE DISPLAYS, LIVING HISTORY AND COLLECTIONS AMONG HISTORICAL AND EXHIBIT BUILDINGS. SMALLER HISTORICAL ORGANIZATIONS HAVE AN OPPORTUNITY TO CREATE THEIR OWN PROGRAMS AND FACILITIES. THE MUSEUM SUPPORTS THE REGION'S TOURISM. IT IS DIRECTED AND OPERATED ALMOST ENTIRELY BY VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE CURRENT YEAR, THE MUSEUM HELD SIX MAJOR EXHIBITIONS, EACH ATTRACTING AS MANY AS 7,000 PARTICIPANTS. THE MUSEUM COMPLETED EXHIBITS IN THE COLLECTIONS BUILDING AND OTHER EXHIBITION HALLS AND HISTORICAL BUILDINGS. DURING SPECIAL EVENTS, VINTAGE MACHINES, EQUIPMENT AND OTHER DEVICES WERE DEMONSTRATED TO THE PUBLIC. ONE EVENT INCLUDED ENCAMPMENTS OF CIVIL WAR SOLDIERS WITH SKIMISHES. THE MUSEUM GREW WITH SEVERAL NEW BUILDINGS COMPLETED OR UNDERWAY INCLUDING AN 1850 CHURCH, A VINTAGE PRINTING SHOP, A GENERAL STORE, AN 1835 LOG CABIN AND A WOOD SHOP. EACH BUILDING IS BEING FURNISHED WITH VINTAGE EQUIPMENT AND FURNITURE FROM THE MUSEUM'S COLLECTION. SEVERAL MAJOR RESTORATIONS WERE ALSO MADE, ESPECIALLY TO VINTAGE FARM TRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger S Austin Secretary & | OfficerTrustee | 10.29 | $0 |
Andrea Castle Trustee | Trustee | 6.73 | $0 |
Ronald W Day Trustee | Trustee | 1.5 | $0 |
Lee W Dezell Treasurer & | OfficerTrustee | 9.61 | $0 |
David Gibson Trustee | Trustee | 10.29 | $0 |
Robert J Marshall Trustee | Trustee | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,359 |
| Investment income | $778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $987 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,285 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,273 |
| Advertising and promotion | $50 |
| Office expenses | $5,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,887 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,513 |
| Insurance | $9,162 |
| All other expenses | $0 |
| Total functional expenses | $93,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,252 |
| Savings and temporary cash investments | $221,513 |
| Pledges and grants receivable | $3,931 |
| 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 | $1,130 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $228,969 |
| Total assets | $2,009,249 |
| Accounts payable and accrued expenses | $1,759 |
| 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 | $0 |
| Total liabilities | $1,759 |
| Net assets without donor restrictions | $1,396,691 |
| Net assets with donor restrictions | $610,799 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,007,490 |