Longhouse Reserve
- Assets
- $10.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- East Hampton, NY
- Founding
- 08/2004
- Data as of
- 12/2022
- EIN
- 33-1058583
Organization Overview
Longhouse Reserve is located in East Hampton, NY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Longhouse Reserve employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longhouse Reserve 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, Longhouse Reserve generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 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
LONGHOUSE RESERVE INSPIRES LIVING WITH ART IN ALL FORMS. FOUNDED BY JACK LENOR LARSEN, ITS COLLECTIONS, GARDENS, ART AND PROGRAMS REFLECT WORLD CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, LONGHOUSE RESERVE WAS OPEN TO THE PUBLIC FROM APRIL TO DECEMBER AND OTHERWISE BY APPOINTMENT. ANNUAL ATTENDANCE WAS APPROXIMATELY 17,000, INCLUDING SCHOOL GROUPS, GARDEN TOURS AND SPECIAL PROGRAMS. THE SEASON'S FEATURED NEW LOANS TO THE ART IN THE GARDEN PROGRAM, INCLUDING SCULPTURE BY CHENG SUNG FENG, BYOON CHOI, ALEXANDER POLSIN, STEVEN AND WILLIAM LADD, AND MOKO FUKUYAMA. LONGHOUSE HELD REGULAR ART AND GARDEN TOURS. OTHER PUBLIC PROGRAMS IN 2022 INCLUDED THE STUDENT ANNUAL XV, JACK'S BIRTHDAY CONCERT BY LLEWELLYN SANCHEZ WERNER, OPERA AL FRESCO WITH EVE QUELER, NATIONAL PUBLIC GARDENS DAY, FAMILY DAY, ARBOR DAY, AND A WEEKLY PROGRAM OF ARTIST TALKS, AUTHOR TALKS, AND WORKSHOPS. EDUCATION PROGRAMS INCLUDED DOCENT-LED SCHOOL TOURS, CURRICULAR GUIDES, FAMILY ACTIVITY GUIDES AND SUMMER INTERNSHIPS FOR COLLEGE STUDENTS. IN ADDITION, 2022 WAS A TRANSITIONAL YEAR FOR THE ORGANIZATION WITH NEW BOARD MEMBERS AND STAFF MEMBERS JOINING, AN ENGINEERING STUDY OF THE HOUSE AND OTHER BUILDINGS, INCLUDING SURVEYS OF THE GARDEN AND GROUNDS, INCLUDING PARKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Benson Co-President | OfficerTrustee | 15 | $0 |
Nina Gillman Co-President | OfficerTrustee | 15 | $0 |
Dr Derick George Vice President | OfficerTrustee | 5 | $0 |
Deborah Nevins Vice President | OfficerTrustee | 5 | $0 |
Mark Levine Treasurer | OfficerTrustee | 5 | $0 |
James Zajac Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lee H Skolnick Architectur Design Par Achitectural And Design Services | 12/30/22 | $349,152 |
Your Part Time Controller Llc Accounting And Financial Consulting | 12/30/22 | $166,038 |
Polsinelli Pc Legal Services | 12/30/22 | $107,101 |
Mady J Schuman Chief Development Officer | 12/30/22 | $124,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $101,746 |
| Fundraising events | $325,806 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,723,119 |
| Noncash contributions included in lines 1a–1f | $1,427,716 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,200,671 |
| Total Program Service Revenue | $229,202 |
| Investment income | $83,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $188,350 |
| Net Gain/Loss on Asset Sales | -$98,124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75,010 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,836,647 |
| 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. | $304,500 |
| Compensation of current officers, directors, key employees. | $101,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $564,327 |
| Pension plan accruals and contributions | $11,633 |
| Other employee benefits | $72,285 |
| Payroll taxes | $43,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $349,670 |
| Fees for services: Accounting | $169,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $126,200 |
| Fees for services: Investment Management | $22,802 |
| Fees for services: Other | $231,373 |
| Advertising and promotion | $5,227 |
| Office expenses | $81,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,501 |
| Travel | $13,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,933 |
| Insurance | $117,510 |
| All other expenses | $90,593 |
| Total functional expenses | $2,905,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,641 |
| Savings and temporary cash investments | $475,079 |
| Pledges and grants receivable | $20,830 |
| 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 | $41,712 |
| Prepaid expenses and deferred charges | $354,127 |
| Net Land, buildings, and equipment | $5,930,479 |
| Investments—publicly traded securities | $3,015,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $555,644 |
| Total assets | $10,541,851 |
| Accounts payable and accrued expenses | $304,477 |
| Grants payable | $0 |
| Deferred revenue | $69,282 |
| 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 | $148,651 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $522,410 |
| Net assets without donor restrictions | $6,865,374 |
| Net assets with donor restrictions | $3,154,067 |
| 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 | $10,541,851 |