Historic Albany Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $6.1k
- Employees
- 8
- Location
- Albany, NY
- Founding
- 07/1974
- Data as of
- 08/2022
- EIN
- 23-7380514
Organization Overview
Historic Albany Foundation Inc is located in Albany, NY. The organization was established in 1974. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Historic Albany Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Albany Foundation Inc 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 08/2022, Historic Albany Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $383.9k during the year ending 08/2022. While expenses have increased by 1.1% 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
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ADVOCATE AND SUPPORT THE PRESERVATION AND RESTORATION OF HISTORIC BUILDINGS IN THE ALBANY, NEW YORK AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARATION OF HISTORIC PLAQUES AND EVENTS HELD TO RAISE FUNDS FOR OPERATING COSTS TO FURTHER RESEARCH, PRESERVATION EFFORTS AND WAREHOUSE OPERATION TO ENCOURAGE RE-USE OF HISTORIC BUILDING SUPPLIES AND FIXTURES.
PRESERVATION AND RESTORATION OF HISTORIC PROPERTIES LOCATED IN ALBANY, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Malette President | Officer | 2 | $0 |
Charles Silverstein 1st Vice President | Officer | 2 | $0 |
Tammy Weinman Secretary | Officer | 2 | $0 |
Shawn Morris 2nd Vice President | Officer | 2 | $0 |
Robert Coughlin Treasurer | Officer | 2 | $0 |
Angela Sicker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,401 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $767,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,845 |
| Total Program Service Revenue | $209,192 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$780 |
| Net Income from Fundraising Events | $54,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,120,064 |
| 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 | $201,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,227 |
| Payroll taxes | $15,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,083 |
| Advertising and promotion | $0 |
| Office expenses | $18,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,125 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $684 |
| Interest | $2,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,685 |
| Insurance | $38,375 |
| All other expenses | $0 |
| Total functional expenses | $383,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,991 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $702,674 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $40,200 |
| Net Land, buildings, and equipment | $497,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,138 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,357,678 |
| Accounts payable and accrued expenses | $35,087 |
| Grants payable | $0 |
| Deferred revenue | $26,433 |
| 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 | $29,764 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $91,284 |
| Net assets without donor restrictions | $605,642 |
| Net assets with donor restrictions | $660,752 |
| 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 | $1,357,678 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Historic Albany Foundation Inc has recieved totaling $15,118.
| Awarding Organization | Amount |
|---|---|
Candace King Weir Foundation Albany, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
Organization Name not Listed PURPOSE: CORPORATE SPONSORSHIP 2021 | | $5,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Endowment Analysis
| Beg. Balance | $7,584 |
| Earnings | -$558 |
| Ending Balance | $7,026 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |