Antique Boat Museum
- Assets
- $22.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Clayton, NY
- Founding
- 02/1987
- Data as of
- 12/2021
- EIN
- 22-2319606
Organization Overview
Antique Boat Museum is located in Clayton, NY. The organization was established in 1987. 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. As of 12/2022, Antique Boat Museum employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Antique Boat 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, Antique Boat Museum generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $2.2m 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 COLLECT, PRESERVE, INTERPRET AND CELEBRATE BOATS AND RELATED ARTIFACTS TO ADVANCE PUBLIC UNDERSTANDING OF THE IMPORTANCE OF BOATING TO THE CULTURAL HISTORY OF NORTH AMERICA AND THE ST. LAWRENCE RIVER IN PARTICULAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ANTIQUE BOAT MUSEUM IS STATED IN ITEM 1 OF PART III ABOVE. THE ANTIQUE BOAT MUSEUM WAS FOUNDED MORE THAN 50 YEARS AGO AND CURRENTLY OCCUPIES A 4.5 ACRE WATERFRONT CAMPUS IN CLAYTON, NEW YORK. ITS FACILITIES INCLUDE TEN BUILDINGS PROVIDING A TOTAL OF 29,000 SQUARE FEET OF EXHIBITION SPACE AND 33,000 SQUARE FEET OF PUBLIC PROGRAMMING, COLLECTION, STORAGE, ARCHIVES, LIBRARY AND ADMINISTRATIVE SPACE. IN ADDITION, THE ANTIQUE BOAT MUSEUM HAS TWO ADDITIONAL OFF-SITE STORAGE LOCATIONS, WITH A 20,000 SQUARE FOOT BOAT STORAGE FACILITY LOCATED ON EAST LINE ROAD IN CLAYTON AND A COMPLEX OF 13,000 SQUARE FEET AT BARTLETT POINT, BOTH OF WHICH ARE A SHORT DISTANCE FROM THE MAIN CAMPUS. THE ANTIQUE BOAT MUSEUM CURRENTLY HAS THE LARGEST COLLECTION OF FRESH WATER BOATS IN NORTH AMERICA AND ATTRACTS APPROXIMATELY 30,000 VISITORS EACH YEAR. THROUGH PUBLIC PROGRAMS, THE VAST COLLECTION, EXHIBITS, EVENTS AND THE ANTIQUE BOAT MUSEUM'S EDUCATIONAL PROGRAMMING AND OUTREACH, IT PROVIDES A CONNECTION NOT ONLY WITHIN THE COMMUNITY, BUT BETWEEN THE COMMUNITY AND VISITORS TO THE REGION. THIS PROVIDES A FOUNDATION FOR UNDERSTANDING AND APPRECIATING THE RICH HISTORY OF BOATING AND BOATING'S PLACE IN THE DEVELOPMENT OF THE REGION AND THE COUNTRY WHETHER FOR COMMERCIAL, PUBLIC OR PERSONAL PURPOSES. THIS HISTORY INCLUDES THE STORIES AND CULTURES OF THE PEOPLE WHO DESIGNED, BUILT, OWNED, SAILED AND MAINTAINED THESE VESSELS FROM THE EARLIEST TIMES TO THE PRESENT DAY. THE THREE LARGEST PROGRAM SERVICES IN TERMS OF EXPENSE ARE EDUCATION, COLLECTIONS AND EXHIBITS $1,038,071; DEVELOPMENT $182,314; AND MAINTENANCE AND OPERATIONS $346,274.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Cross Stout Immediate Past Chair | OfficerTrustee | 3 | $0 |
Charles S Crow III Chair | OfficerTrustee | 2 | $0 |
Andrew Mcnally V Vice Chair | OfficerTrustee | 2 | $0 |
William Cosgrove Treasurer | OfficerTrustee | 2 | $0 |
Harold Johnson II Trustee | Trustee | 2 | $0 |
Robert Easton Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $668,326 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,380,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,202,436 |
| Total Program Service Revenue | $454,241 |
| Investment income | $122,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,482 |
| Net Gain/Loss on Asset Sales | $469,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,928 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,416,390 |
| 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 | $65,340 |
| 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 | $1,167,288 |
| 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 | $17,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,107 |
| Advertising and promotion | $40,184 |
| Office expenses | $68,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,069 |
| Travel | $10,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,269 |
| Interest | $36,298 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,321 |
| Insurance | $74,074 |
| All other expenses | $39,679 |
| Total functional expenses | $2,165,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,308 |
| Savings and temporary cash investments | $1,477,637 |
| Pledges and grants receivable | $192,719 |
| Accounts receivable, net | $66,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,901 |
| Prepaid expenses and deferred charges | $5,145 |
| Net Land, buildings, and equipment | $7,038,721 |
| Investments—publicly traded securities | $12,635,921 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,812 |
| Total assets | $21,965,515 |
| Accounts payable and accrued expenses | $98,874 |
| Grants payable | $0 |
| Deferred revenue | $78,826 |
| 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 | $1,357,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,535,600 |
| Net assets without donor restrictions | $7,634,806 |
| Net assets with donor restrictions | $12,795,109 |
| 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 | $21,965,515 |