Hudson Mohawk Industrial Gateway
- Assets
- $954.9k
- Revenue
- $193.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Troy, NY
- Founding
- 04/1973
- Data as of
- 12/2021
- EIN
- 23-7269676
Organization Overview
Hudson Mohawk Industrial Gateway is located in Troy, NY. The organization was established in 1973. 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. Hudson Mohawk Industrial Gateway 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, Hudson Mohawk Industrial Gateway generated $193.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $168.5k 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
INDUSTRIAL HERITAGE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION/MANAGEMENT OF HERITAGE AREA AND BURDEN MUSEUM EDUCATIONAL PROGRAMS, LECTURES, AND TOURS OF HISTORICALLY SIGNIFICANT SITES WERE ORGANIZED SERVING VISITORS THROUGH SCHEDULED TOURS , LECTURES, AND CONSULTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Alm Board President | OfficerTrustee | 2 | $0 |
Gary Nelson Vice President | OfficerTrustee | 2 | $0 |
Stephen Muller Secretary | OfficerTrustee | 2 | $0 |
William Prout Executive Vice President | OfficerTrustee | 2 | $0 |
Elbery Watkins Treasurer | Trustee | 2 | $0 |
Rosemary Nichols Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,200 |
| Fundraising events | $42,837 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,019 |
| Total Program Service Revenue | $3,637 |
| Investment income | $597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,500 |
| 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 | $86 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $484 |
| 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. | $48,300 |
| Compensation of current officers, directors, key employees. | $41,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,542 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,077 |
| Insurance | $5,284 |
| All other expenses | $37,084 |
| Total functional expenses | $168,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,441 |
| Savings and temporary cash investments | $113,026 |
| 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 | $6,285 |
| Prepaid expenses and deferred charges | $1,931 |
| Net Land, buildings, and equipment | $466,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280 |
| Total assets | $954,912 |
| Accounts payable and accrued expenses | $88 |
| 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 | $88 |
| Net assets without donor restrictions | $696,962 |
| Net assets with donor restrictions | $257,862 |
| 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 | $954,912 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hudson Mohawk Industrial Gateway has recieved totaling $5,511.
| Awarding Organization | Amount |
|---|---|
The Tianaderrah Foundation C/O Robert L Gipson New York, NY PURPOSE: GENERAL FUNDS | $5,000 |
Mccarthy Charities Inc Troy, NY PURPOSE: UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $53,931 |
| Ending Balance | $53,931 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |