Form 990 for tax year 2023

Filed by ADIRONDACK HISTORICAL ASSOCIATION.

Totals

Total revenue: $6,109,945
Total expenses: $6,502,269
Contributions and grants received: $3,530,489
Grants paid: $0
Program service revenue: $438,119
Investment income: $1,585,811
Other revenue: $555,526
Total assets, end of year: $84,086,930
Total liabilities, end of year: $2,759,347
Net assets or fund balances, end of year: $81,327,583
Program services expenses (Part IX): $5,033,917
Management and general expenses: $1,059,411
Fundraising expenses: $408,941
Program service expenses (Part III): $5,033,917

Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1b · Membership dues

$228,648
1f · All other contributions, gifts and grants

$3,301,841
1g · Noncash contributions included above

$27,934
2a · Program service revenue: ADMISSIONS

total $438,119 · related or exempt $438,119
3 · Investment income

total $1,240,448 · unrelated business $15,740 · excluded $1,224,708
7a · Gross sales of assets other than inventory

securities $3,545,334
7b · Less cost or other basis and sales expenses

securities $3,199,971
7c · Gain or loss

securities $345,363
7d · Net gain or loss

total $345,363 · excluded $345,363
8a · Fundraising events: gross income

$309,835
8b · Fundraising events: direct expenses

$66,559
8c · Net income from fundraising events

total $243,276 · excluded $243,276
10a · Gross sales of inventory

$635,609
10b · Cost of goods sold

$364,762
10c · Net income from sales of inventory

total $270,847 · unrelated business $270,847
11a · Other revenue: OTHER INCOME

total $41,403 · excluded $41,403
11e · Other revenue, total

$41,403

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $272,610 · management and general $272,610
7 · Other salaries and wages

total $2,317,387 · program services $1,935,753 · management and general $146,343 · fundraising $235,291
8 · Pension plan contributions

total $158,029 · program services $130,302 · management and general $8,941 · fundraising $18,786
9 · Other employee benefits

total $230,515 · program services $190,390 · management and general $21,947 · fundraising $18,178
10 · Payroll taxes

total $303,111 · program services $243,855 · management and general $36,549 · fundraising $22,707
11f · Fees: investment management

total $336,490 · management and general $336,490
11g · Fees: other

total $83,821 · program services $21,779 · management and general $55,368 · fundraising $6,674
12 · Advertising and promotion

total $283,366 · program services $283,366
13 · Office expenses

total $79,489 · program services $27,053 · management and general $39,133 · fundraising $13,303
14 · Information technology

total $23,334 · program services $14,468 · management and general $4,433 · fundraising $4,433
16 · Occupancy

total $562,402 · program services $485,674 · management and general $57,086 · fundraising $19,642
19 · Conferences, conventions and meetings

total $52,471 · management and general $52,471
20 · Interest

total $147,003 · program services $147,003
22 · Depreciation, depletion and amortization

total $903,525 · program services $885,511 · management and general $14,012 · fundraising $4,002
23 · Insurance

total $115,389 · program services $107,312 · management and general $6,923 · fundraising $1,154
24a · Other expenses: UBIT NYS ARTICLE 13

total $250 · management and general $250
24b · Other expenses: EDUCATION PROGRAMS

total $223,520 · program services $223,520
24c · Other expenses: CURATORIAL AND EXHIBITS

total $209,461 · program services $209,461
24d · Other expenses: PURCHASE OF COLLECTIONS

total $83,186 · program services $83,186
24e · All other expenses

total $116,910 · program services $45,284 · management and general $6,855 · fundraising $64,771

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $651,535 · end of year $230,094
3 · Pledges and grants receivable

beginning of year $876,354 · end of year $1,046,444
8 · Inventories for sale or use

beginning of year $173,908 · end of year $187,119
9 · Prepaid expenses and deferred charges

beginning of year $64,533 · end of year $101,655
10a · Land, buildings and equipment: cost or other basis

$37,712,140
10b · Land, buildings and equipment: accumulated depreciation

$17,220,520
10c · Land, buildings and equipment, net

beginning of year $17,736,231 · end of year $20,491,620
12 · Investments: other securities

beginning of year $57,541,383 · end of year $62,029,998
17 · Accounts payable and accrued expenses

beginning of year $1,089,006 · end of year $609,347
23 · Secured mortgages and notes payable

beginning of year $800,000 · end of year $2,150,000
27 · Net assets without donor restrictions

beginning of year $45,150,556 · end of year $24,985,249
28 · Net assets with donor restrictions

beginning of year $30,004,382 · end of year $56,342,334

Mission and programs · 2023

Mission

TO PROMOTE AND ENCOURAGE HISTORICAL STUDY AND RESEARCH RELATING TO THE ADIRONDACK PARK; TO GATHER AND DISSEMINATE HISTORICAL INFORMATION CONCERNING THE PARK; TO COLLECT AND PRESERVE ALL DOCUMENTS, BOOKS, AND OBJECTS RELATING TO THE REGION; TO MAINTAIN AN HISTORICAL MUSEUM NECESSARY TO CARRY OUT THE WORK OF THE ASSOCIATION, THROUGH OPERATION OF THE ADIRONDACK MUSEUM IN BLUE MOUNTAIN LAKE.

Activities or mission (Part I)

PLEASE SEE SCHEDULE O.

TO PROMOTE AND ENCOURAGE HISTORICAL STUDY AND RESEARCH RELATING TO THE ADIRONDACK PARK; TO GATHER AND DISSEMINATE HISTORICAL INFORMATION CONCERNING THE PARK; TO COLLECT AND PRESERVE ALL DOCUMENTS, BOOKS, AND OBJECTS RELATING TO THE REGION; TO MAINTAIN AN HISTORICAL MUSEUM NECESSARY TO CARRY OUT THE WORK OF THE ASSOCIATION.

Expenses $5,033,917 · Revenue $438,119

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

DAVID KAHN

EXECUTIVE DIRECTOR

Total calculated

$272,610

From this org

$239,160

From related orgs

$0

Other

$33,450

Hours/week

40

Schedule J breakdown matched by us

Base

$239,160

Bonus

$0

Other

$0

Deferred

$27,980

Nontaxable benefits

$5,470

Filer's total

$272,610
PETER J FALCO

TRUSTEE

Total calculated

$0

Hours/week

1
DREW C FORHAN

TRUSTEE

Total calculated

$0

Hours/week

1
HARRIET B HUSTON

TRUSTEE

Total calculated

$0

Hours/week

1
NANCY R KEET

TRUSTEE

Total calculated

$0

Hours/week

1
JOHN R KIMBERLY

TRUSTEE

Total calculated

$0

Hours/week

1
BENITA LAW-DIAO

TRUSTEE

Total calculated

$0

Hours/week

1
WILLIAM F LOCKE

TRUSTEE

Total calculated

$0

Hours/week

1
DENNIS J PHILLIPS

TRUSTEE

Total calculated

$0

Hours/week

1
GEOFFREY ROBILLARD

TRUSTEE

Total calculated

$0

Hours/week

1
RICHARD SCORDATO

TRUSTEE

Total calculated

$0

Hours/week

1
ROBERT S SEARLE

TRUSTEE

Total calculated

$0

Hours/week

1
SCOTT MANNING STEVENS

TRUSTEE

Total calculated

$0

Hours/week

1
GARRETT W THELANDER

TRUSTEE

Total calculated

$0

Hours/week

1
JAMES T TOWNSEND

TRUSTEE

Total calculated

$0

Hours/week

1
SARAH M UNDERHILL

TRUSTEE

Total calculated

$0

Hours/week

1
ANNE H VAN INGEN

TRUSTEE

Total calculated

$0

Hours/week

1
GREGORY S WOLCOTT

TRUSTEE

Total calculated

$0

Hours/week

1
JACOB WRIGHT

TRUSTEE

Total calculated

$0

Hours/week

1
NANCY REARDON SAYER

CHAIR

Total calculated

$0

Hours/week

5
ANNE DONOVAN BODNAR

VICE-CHAIR

Total calculated

$0

Hours/week

5
E DARCIE CORBIN

SECRETARY

Total calculated

$0

Hours/week

3
DAVID A ROCKWELL

TREASURER

Total calculated

$0

Hours/week

3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Written employment contract
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 24 July 2024
IRS schema version: 2023v5.1
Source object: 202423189349306932

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