Historic Palmyra Inc
- Assets
- $888.9k
- Revenue
- $119.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Palmyra, NY
- Founding
- 04/1975
- Data as of
- 05/2022
- EIN
- 23-7443013
Organization Overview
Historic Palmyra Inc is located in Palmyra, NY. The organization was established in 1975. 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 05/2022, Historic Palmyra Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Palmyra 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 05/2022, Historic Palmyra Inc generated $119.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $138.9k during the year ending 05/2022. While expenses have increased by 7.8% 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
TO PROMOTE EDUCATION, AND HISTORICAL RESEARCH REGARDING THE EARLY HISTORY OF PALMYRA, NY, AND TO GATHER AND PRESERVE HISTORICAL ARTIFACTS, ANTIQUES AND PROPERTY FOR PUBLIC DISPLAY AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES FIVE UNIQUE MUSEUMS INCLUDING THE ALLING COVERLET, PALMYRA HISTORICAL MUSEUM, WM. PHELPS GENERAL STORE AND HOME, PALMYRA PRINT SHOP, AND THE ERIE CANAL DEPOT, WHICH FEATURES EXHIBITS RELATED TO POLICE, FIRE SERVICE, EDUCATION, MEDICINE AND PHOTOGRAPHY AMONG OTHERS. IN ADDITION TO THE MUSEUMS THE ORGANZIATION OPERATES "GHOST HUNTS AND OTHER FUNDRAISING EVENTS, WHICH PROVIDE TOUR PARTICIPANTS WITH A CHANCE TO VIEW HISITORICAL FIGURES IN VARIOUS ELEMENTS AND LOCATIONS THROUGHOUT PALMYRA, NY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becke Tomkiewics Chairperson | OfficerTrustee | 10 | $0 |
Kathryn Woodlock Treasurer | OfficerTrustee | 10 | $0 |
Andrew Lambrix Treasurer | OfficerTrustee | 1 | $0 |
Irene Unterborn Vice President | OfficerTrustee | 1 | $0 |
Leslie Parmele Treasurer | OfficerTrustee | 10 | $0 |
Terry Holt Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,034 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,365 |
| Total Program Service Revenue | $10,515 |
| Investment income | $34,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,236 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,907 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,701 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,331 |
| 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 | $61,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,398 |
| Office expenses | $5,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,442 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,448 |
| Insurance | $8,454 |
| All other expenses | $0 |
| Total functional expenses | $138,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,497 |
| Savings and temporary cash investments | $473,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,001 |
| 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 | $0 |
| Net Land, buildings, and equipment | $368,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $888,897 |
| Accounts payable and accrued expenses | $0 |
| 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 | $98,836 |
| Total liabilities | $98,836 |
| Net assets without donor restrictions | $634,101 |
| Net assets with donor restrictions | $155,960 |
| 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 | $888,897 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Historic Palmyra Inc has recieved totaling $36,719.
| Awarding Organization | Amount |
|---|---|
Rochester Area Community Foundation Rochester, NY PURPOSE: SUPPORT FOR PALMYRA MACEDON LIONS CLUB | $35,868 |
Augustus & Jennie D Hoffman Fdn Ch Lin Ft Bank Na Chicago, IL PURPOSE: GENERAL | $775 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $76 |
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 |