Museum Of Early Trades And Crafts
- Assets
- $11.5m
- Revenue
- $1.1m
- Investments
- $300.0k
- Employees
- 22
- Location
- Madison, NJ
- Founding
- 05/1970
- Data as of
- 12/2022
- EIN
- 23-7029776
Organization Overview
Museum Of Early Trades And Crafts is located in Madison, NJ. The organization was established in 1970. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Museum Of Early Trades And Crafts employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Early Trades And Crafts 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 12/2022, Museum Of Early Trades And Crafts generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $783.1k during the year ending 12/2022. 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
THE PURPOSE OF THE MUSEUM IS TO PROVIDE EDUCATIONAL ACTIVITIES COVERING PRE-INDUSTRIAL CRAFTSMEN, THEIR TOOLS AND THEIR WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN ACTIVITY OF THE MUSEUM IS TO DEVELOP AND DELIVER CURRICULUM-BASED, EDUCATIONAL PROGRAMS TO STUDENTS THROUGHOUT THE STATE OF NEW JERSEY AND TO PROVIDE ADDITIONAL PROGRAMS, LECTURES, AND WORKSHOPS FOR A WIDE RANGE OF VISITORS. ALL EDUCATIONAL PROGRAMS ARE MISSION BASED, INTERACTIVE AND INTENDED TO PROVIDE FREE-CHOICE LEARNING TO ALL VISITORS. OUR EDUCATIONAL PROGRAMS AND EXHIBITS SUPPORT THE THEMES AND NARRATIVES THAT RELATE TO OUR COLLECTION OF ARTIFACTS, ARCHIVES, AND MATERIAL CULTURE. EACH YEAR WE CREATE AND INSTALL CHANGING EXHIBITS IN OUR MAIN GALLERY AND ANNEX. IN 2022 THEY WERE: ON THE MAP: HISTORIC MAPS OF NEW JERSEY; HOPE: LOCAL ARTISTS BANNER SHOW; FIGHTING FIRE: FIRST RESPONDERS IN NEW JERSEY; PICTURING WOMEN INVENTORS. SMALLER EXHIBITS IN OUR VAULT SPACE INCLUDED FROZEN MUSIC: ARCHITECTURE; NATIVE AMERICAN HERITAGE MONTH; IMMIGRANTS TO INFLUENCERS: THE LATIN AMERICAN HISTORY OF NEW JERSEY. THE MUSEUM ALSO MAINTAINS TWO LEVELS OF PERMANENT EXHIBITS THAT REFLECT LIFE IN NEW JERSEY FROM THE EARLY 1700S THROUGH THE INDUSTRIAL ERA AND REPRESENT THE DIVERSITY OF THE STATE OF NEW JERSEY .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Barbato Board Chair | OfficerTrustee | 5 | $0 |
Irene Maroney Treasurer | OfficerTrustee | 5 | $0 |
Virginia Wilson Trustee | Trustee | 5 | $0 |
Michael Schloff Trustee | Trustee | 2 | $0 |
Andrew B Boles Trustee | Trustee | 2 | $0 |
Rodger K Herrigel ESQ Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,874 |
| Fundraising events | $41,542 |
| Related organizations | $0 |
| Government grants | $217,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,249 |
| Total Program Service Revenue | $66,533 |
| Investment income | $535,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $685 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,061,878 |
| 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. | $88,200 |
| Compensation of current officers, directors, key employees. | $22,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,645 |
| Payroll taxes | $27,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,770 |
| Advertising and promotion | $0 |
| Office expenses | $7,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $195,235 |
| 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 | $159,853 |
| Insurance | $14,581 |
| All other expenses | $3,818 |
| Total functional expenses | $783,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $71,484 |
| Accounts receivable, net | $3,410 |
| 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 | $8,169 |
| Net Land, buildings, and equipment | $1,585,896 |
| Investments—publicly traded securities | $8,757,973 |
| Investments—other securities | $300,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,099 |
| Total assets | $11,532,437 |
| Accounts payable and accrued expenses | $87,121 |
| Grants payable | $761 |
| 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 | $158,465 |
| Total liabilities | $246,347 |
| Net assets without donor restrictions | $4,878,128 |
| Net assets with donor restrictions | $6,407,962 |
| 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 | $11,532,437 |