Edison Memorial Tower Corporation
- Assets
- $976.1k
- Revenue
- $429.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Edison, NJ
- Founding
- 09/2004
- Data as of
- 06/2022
- EIN
- 22-3831281
Organization Overview
Edison Memorial Tower Corporation is located in Edison, NJ. The organization was established in 2004. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Edison Memorial Tower Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison Memorial Tower Corporation 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 06/2022, Edison Memorial Tower Corporation generated $429.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $233.5k during the year ending 06/2022. While expenses have increased by 14.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND PRESERVE EDISON MEMORIAL TOWER AND MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE, PROMOTE, AND MANAGE THE EDISON MEMORIAL TOWER AND MUSEUM IN THE MENLO PARK SECTION OF EDISON TOWNSHIP, NEW JERSEY. THE CORPORATION STRIVES TO HONOR THE MEMORY OF THOMAS A. EDISON AND EDUCATE THE PUBLIC ABOUT EDISON, HIS SIGNIFICANT ACCOMPLISHMENTS AT THIS SITE, AND HIS IMPACT ON MODERN RESEARCH AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Carlucci Museum Direc | OfficerTrustee | 2 | $6,750 |
Dr Paul Israel Co-Chair | OfficerTrustee | 2 | $0 |
Len Mesonas Secretary | OfficerTrustee | 2 | $0 |
Len Sendelsky Chairman | OfficerTrustee | 2 | $0 |
John Zemkoski Treasurer | OfficerTrustee | 2 | $0 |
Davendra Dave Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,335 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,167 |
| Total Program Service Revenue | $0 |
| Investment income | $1,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $10,733 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,322 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,968 |
| Advertising and promotion | $347 |
| Office expenses | $10,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,710 |
| Travel | $601 |
| 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 | $675 |
| Insurance | $2,453 |
| All other expenses | $3,203 |
| Total functional expenses | $233,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,168 |
| Savings and temporary cash investments | $572,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,127 |
| Prepaid expenses and deferred charges | $1,299 |
| Net Land, buildings, and equipment | $169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $29,420 |
| Other assets | $7,500 |
| Total assets | $976,110 |
| Accounts payable and accrued expenses | $9,229 |
| 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 | $1,314 |
| Total liabilities | $10,543 |
| Net assets without donor restrictions | $965,567 |
| 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 | $976,110 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edison Memorial Tower Corporation has recieved totaling $88.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
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 |
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 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |