Hopewell Museum
- Assets
- $3.1m
- Revenue
- $66.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Hopewell, NJ
- Founding
- 07/1963
- Data as of
- 03/2024
- EIN
- 21-0689833
Organization Overview
Hopewell Museum is located in Hopewell, NJ. The organization was established in 1963. According to its NTEE Classification (A54) the organization is classified as: History 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. Hopewell 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 03/2024, Hopewell Museum generated $66.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $165.5k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HISTORICAL PRESERVATION OF THE HISTORY OF HOPEWELL, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOPEWELL MUSEUM CONTINUED ITS MISSION TO TELL THE STORY OF THE HOPEWELL VALLEY FROM PRE-COLONIAL TIMES TO THE PRESENT. WE ARE NOW PLANNING FOR A FACILITIES RENOVATION AND EXPANSION TO BROADEN OUR CAPACITY FOR EXHIBITIONS, EDUCATIONAL PROGRAMMING, AND HISTORICAL RESEARCH. WE ARE ALSO WORKING WITH DIFFERENT GROUPS TO SERVE THE COMMUNITY IN MORE IMMEDIATE WAYS, BY COSPONSORING PUBLIC PRESENTATIONS WITH HOPEWELL VALLEY HISTORICAL SOCIETY AND LOCAL LIBRARIES, AND COLLABORATING WITH THE SCHOOL DISTRICT ON CLASSROOM WORKSHOPS ABOUT NATIVE AMERICAN CULTURE USING OUR ARTIFACT COLLECTIONS. IN MAY WE SPONSORED HOPEWELL VALLEY HERITAGE WEEK, WHICH FEATURED BOTH IN-PERSON AND VIRTUAL PROGRAMS. THROUGHOUT THE YEAR OUR ARCHIVIST ASSISTED LOCAL HISTORIANS AND GENEALOGISTS IN PERSON AND REMOTELY. IN DECEMBER 2023, WE HELD A HOLIDAY OPEN HOUSE SO THAT WE COULD SHARE INFORMATION ABOUT OUR MANY CATALOGING AND PRESERVATION PROJECTS NOW UNDERWAY. FINALLY, AND PERHAPS MOST SIGNIFICANTLY, IN JANUARY OF THIS YEAR WE HIRED OUR FIRST EVER EXECUTIVE DIRECTOR.
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 |
|---|---|---|---|
Joseph Klett Trustee | Trustee | 1 | $0 |
Julia Osborn Treasurer | OfficerTrustee | 2 | $0 |
Vincent Janoski President | OfficerTrustee | 2 | $0 |
Robert Warznak Trustee | Trustee | 1 | $0 |
H Sandford Brown Trustee | Trustee | 1 | $0 |
Eric Lubell Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,633 |
| Total Program Service Revenue | $0 |
| Investment income | $60,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,065 |
| Advertising and promotion | $0 |
| Office expenses | $4,967 |
| Information technology | $1,028 |
| Royalties | $0 |
| Occupancy | $23,423 |
| 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 | $6,737 |
| Insurance | $12,567 |
| All other expenses | $4,877 |
| Total functional expenses | $165,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $245,787 |
| Investments—publicly traded securities | $2,832,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,084,800 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,084,800 |
| Net assets with donor restrictions | $0 |
| 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 | $3,084,800 |