Eleutherian Mills-Hagley Foundation Inc
- Assets
- $197.8m
- Revenue
- $9.6m
- Investments
- $30.9m
- Employees
- 192
- Location
- Wilmington, DE
- Founding
- 11/1953
- Data as of
- 12/2023
- EIN
- 51-0070531
Organization Overview
Eleutherian Mills-Hagley Foundation Inc, operating under the name Hagley Museum and Library, is located in Wilmington, DE. The organization was established in 1953. 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 12/2023, Hagley Museum and Library employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hagley Museum and Library 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 12/2023, Hagley Museum and Library generated $9.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $12.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HAGLEY MUSEUM AND LIBRARY COLLECTS, PRESERVES, AND INTERPRETS THE UNFOLDING HISTORY OF AMERICAN ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAGLEY MUSEUM IS LOCATED ON 235 ACRES ALONG THE BANKS OF THE BRANDYWINE RIVER IN WILMINGTON, DELAWARE. HAGLEY IS THE SITE OF THE GUNPOWDER WORKS FOUNDED BY E. I. DU PONT DE NEMOURS IN 1802. THIS EXAMPLE OF EARLY AMERICAN INDUSTRY INCLUDES RESTORED MILLS, A WORKERS' COMMUNITY, AND THE ANCESTRAL HOME AND GARDENS OF THE DU PONT FAMILY. HAGLEY EXHIBITS OBJECTS AND ARTIFACTS THAT INTERPRET THE UNFOLDING HISTORY OF AMERICAN BUSINESS, TECHNOLOGY, AND INNOVATION, AND ITS IMPACT ON THE WORLD.
HAGLEY'S RESEARCH LIBRARY SUPPORTS RESEARCH ON THE HISTORY OF AMERICAN BUSINESS, COMMERCE, CONSUMPTION, TECHNOLOGY, AND DESIGN WITHIN THEIR BROAD SOCIAL, CULTURAL, AND POLITICAL CONTEXTS. EACH YEAR HUNDREDS OF SCHOLARS COME TO THE LIBRARY TO DO RESEARCH USING HAGLEY'S MATERIALS AND ARCHIVES. IN 1986, THE CENTER FOR THE HISTORY OF BUSINESS, TECHNOLOGY, AND SOCIETY WAS ORGANIZED TO ADMINISTER HAGLEY'S INTERACTIONS WITH THE WORLD OF SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry B Du Pont IV President | OfficerTrustee | 3 | $0 |
Ann C Rose Vice President | OfficerTrustee | 1 | $0 |
Augustus I Du Pont Treasurer | OfficerTrustee | 1 | $0 |
John S Wellons Secretary | OfficerTrustee | 1 | $0 |
Blaine T Phillips Trustee Emeritus | Trustee | 1 | $0 |
Edward J Bassett CFA Trustee (until 03/2023) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Limbach Mechanical Contractor | 12/30/23 | $604,017 |
Edis Construction | 12/30/23 | $424,377 |
Robert Peter Gerber Construction | 12/30/23 | $241,131 |
Keystone Digital Imaging Technology Counsulting | 12/30/23 | $138,462 |
Fireworks By Grucci Inc Fireworks | 12/30/23 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $119,486 |
| Fundraising events | $277,840 |
| Related organizations | $0 |
| Government grants | $2,464,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,545,470 |
| Noncash contributions included in lines 1a–1f | $72,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,406,808 |
| Total Program Service Revenue | $360,399 |
| Investment income | $3,428,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $224,776 |
| Net Gain/Loss on Asset Sales | $1,146,862 |
| Net Income from Fundraising Events | -$31,701 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,006 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,614,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,737 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $450,959 |
| Compensation of current officers, directors, key employees. | $250,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,012,804 |
| Pension plan accruals and contributions | $327,887 |
| Other employee benefits | $757,346 |
| Payroll taxes | $396,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,197 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $561,037 |
| Fees for services: Other | $441,321 |
| Advertising and promotion | $353,120 |
| Office expenses | $314,547 |
| Information technology | $88,697 |
| Royalties | $0 |
| Occupancy | $652,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,171,074 |
| Insurance | $418,852 |
| All other expenses | $0 |
| Total functional expenses | $12,201,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,763,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $7,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,776 |
| Prepaid expenses and deferred charges | $560,614 |
| Net Land, buildings, and equipment | $17,650,208 |
| Investments—publicly traded securities | $143,839,980 |
| Investments—other securities | $30,910,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,763,947 |
| Accounts payable and accrued expenses | $743,547 |
| Grants payable | $0 |
| Deferred revenue | $132,095 |
| 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 | $875,642 |
| Net assets without donor restrictions | $152,827,907 |
| Net assets with donor restrictions | $44,060,398 |
| 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 | $197,763,947 |