Hammond Harwood House Assoc Inc
- Assets
- $10.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Annapolis, MD
- Founding
- 05/1940
- Data as of
- 12/2021
- EIN
- 52-0607900
Organization Overview
Hammond Harwood House Assoc Inc is located in Annapolis, MD. The organization was established in 1940. 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 12/2021, Hammond Harwood House Assoc Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hammond Harwood House Assoc 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 12/2021, Hammond Harwood House Assoc Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $398.0k during the year ending 12/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HAMMOND-HARWOOD HOUSE ASSOCIATION IS TO PRESERVE, FOR PUBLIC EDUCATION AND ENJOYMENT, THE ARCHITECTURALLY SIGNIFICANT HAMMOND-HARWOOD HOUSE MUSEUM AND ITS COLLECTION OF FINE AND DECORATIVE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSE IS A HISTORICAL NATIONAL LANDMARK BUILT IN 1774, ITS PURPOSE IS TO EDUCATE THE PUBLIC TO THE ARCHITECTURAL, HISTORICAL, AND SOCIAL SIGNIFICANCE OF THIS LANDMARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Goyette Executive Director | OfficerTrustee | 40 | $40,000 |
Rick Struse President | OfficerTrustee | 2 | $0 |
Amy Reese Secretary | OfficerTrustee | 2 | $0 |
David Weymer Vice President | OfficerTrustee | 2 | $0 |
Kyle German Treasurer | OfficerTrustee | 2 | $0 |
Robert Biddle Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,052 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $903,424 |
| Noncash contributions included in lines 1a–1f | $50,975 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,135 |
| Total Program Service Revenue | $80,875 |
| Investment income | $47,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $451,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,767 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,584,600 |
| 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. | $40,001 |
| Compensation of current officers, directors, key employees. | $6,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,227 |
| Pension plan accruals and contributions | $883 |
| Other employee benefits | $14,657 |
| Payroll taxes | $13,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,582 |
| Fees for services: Other | $19,078 |
| Advertising and promotion | $578 |
| Office expenses | $22,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,178 |
| Insurance | $29,530 |
| All other expenses | $0 |
| Total functional expenses | $397,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,502 |
| Savings and temporary cash investments | $853,460 |
| 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 | $14,306 |
| Prepaid expenses and deferred charges | $11,080 |
| Net Land, buildings, and equipment | $5,730,817 |
| Investments—publicly traded securities | $3,634,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,329,680 |
| Accounts payable and accrued expenses | $5,306 |
| 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 | $5,306 |
| Net assets without donor restrictions | $10,168,779 |
| Net assets with donor restrictions | $155,595 |
| 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 | $10,329,680 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hammond Harwood House Assoc Inc has recieved totaling $20,180.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS EDUCATION DEVELOPMENT | $14,975 |
Winifred M Gordon Foundation Inc Annapolis, MD PURPOSE: SUPPORT EXEMPT PURPOSES | $5,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Ending Balance | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
White House Historical Association Washington, DC | $70,614,346 | $21,703,882 |
National Links Trust Washington, DC | $8,914,003 | $10,793,468 |
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
National Archives Foundation Washington, DC | $14,544,421 | $8,935,036 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
House Of The Temple Historic Preservation Foundation Inc Washington, DC | $31,687,828 | $5,822,669 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Supreme Court Historical Society The Society Washington, DC | $17,156,338 | $2,945,998 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |