Shaker Heritage Society
- Assets
- $777.9k
- Revenue
- $304.1k
- Investments
- $123.1k
- Employees
- 5
- Location
- Albany, NY
- Founding
- 03/1978
- Data as of
- 12/2021
- EIN
- 22-2186087
Organization Overview
Shaker Heritage Society is located in Albany, NY. The organization was established in 1978. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Shaker Heritage Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shaker Heritage Society 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, Shaker Heritage Society generated $304.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $342.5k 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
TO CELEBRATE AND INTERPRET AMERICA'S FIRST SHAKER SETTLEMENT AND PRESERVE IT FOR THE BENEFIT OF FUTURE GENERATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND RESTORATION OF HISTORICAL ARTIFACTS, CREATION OF EXHIBIT SPACE FOR ARTIFACTS AND SHAKER HERITAGE EDUCATIONAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna Batman Executive Director | Officer | 40 | $45,210 |
Danielle Walsh Vice President | OfficerTrustee | 0 | $0 |
Lynn Dunning-Vaughn President | OfficerTrustee | 0 | $0 |
Michael Bates Treasurer | OfficerTrustee | 0 | $0 |
Stephen Iachetta Past President | Trustee | 0 | $0 |
Mark Castiglione Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,651 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,735 |
| Total Program Service Revenue | $15,960 |
| Investment income | $4,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,674 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,593 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $94,145 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,054 |
| 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. | $46,113 |
| Compensation of current officers, directors, key employees. | $7,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,653 |
| Pension plan accruals and contributions | $1,174 |
| Other employee benefits | $1,240 |
| Payroll taxes | $9,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,532 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,171 |
| Office expenses | $11,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,175 |
| Travel | $205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,242 |
| Insurance | $5,475 |
| All other expenses | $7,447 |
| Total functional expenses | $342,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,704 |
| Savings and temporary cash investments | $78,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,901 |
| Prepaid expenses and deferred charges | $297 |
| Net Land, buildings, and equipment | $145,531 |
| Investments—publicly traded securities | $336,872 |
| Investments—other securities | $123,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,901 |
| Accounts payable and accrued expenses | $28,148 |
| 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 | $28,148 |
| Net assets without donor restrictions | $569,816 |
| Net assets with donor restrictions | $179,937 |
| 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 | $777,901 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shaker Heritage Society has recieved totaling $27,500.
| Awarding Organization | Amount |
|---|---|
R A Hunsdorfer Foundation Albany, NY PURPOSE: CHARITABLE | $20,000 |
R A Hunsdorfer Foundation Albany, NY PURPOSE: CHARITABLE | $6,500 |
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $485,199 |
| Earnings | $47,962 |
| Net Contributions | $29,000 |
| Other Expense | $50,235 |
| Ending Balance | $511,926 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |