Jay Heritage Center FY2022 filing

Tax-deductible

Rye, NY501(c)(3)Arts & CultureEIN 13-3585332Revenue $2.4M in FY2022

On file with the IRSjaycenter.orgPo Box 661, 10580-0661 · Rye, NYTax-exempt since Oct 1990Publicly supported charity — 170(b)(1)(A)(vi)

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Restore and preserve the 1838 peter augustus Jay house and related property

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $757K a year · 52% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $268K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+200% vs prior year
Spent
$584K
To programs
74%
Net assets
$10.0M
By yearFY2020–FY2024
Revenue
$2.4M
FY2022▲ +200%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$811K
FY2022$2.4M
FY2023$2.0M
FY2024$875K
Expenses
$584K
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$508K
FY2022$584K
FY2023$571K
FY2024$807K
Net assets
$10.0M
FY2022▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.8M
FY2021$8.1M
FY2022$10.0M
FY2023$11.4M
FY2024$11.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $430K Management & general 12% · $71K Fundraising 14% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Jay Heritage Center executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and restores the historic 1838 Peter Augustus Jay House and its grounds.

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Provided by the organization

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2 programs · $430K · in their own filed words · FY2022
01

Public Programs

Guided tours of jay house restoration-in-progress, tours of boston post road historical district, publication of district guide, slide presentations, lectures and exhibits on history, architecture, and landscape: museum theater program for schools and public (striving for freedom) school programs on history and architecture in classrooms…

$221Kprogram expense
02

PRESERVATION/RESTORATION, not including capitalized restoration and rehabilitation costs. The restoration is a significant program activity, however by capitalizing the costs of this program activity those costs are not reflected in the center's program expenses.

$209Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$14K
Fees for servicesLn 2g$7K
Money outPt IX
$584K
Ln 25
Programscol B$430K
Managementcol C$71K
Fundraisingcol D$83K
Owns and owesPt X
$10.0M
net assets · Ln 32
Cash and savingsLn 1–2$976K
Total assetsLn 16$10.0M
LiabilitiesLn 26$10K
PeoplePt VI, VII
30
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$325K
Fundraising eventsLn 1c$216K
Fees for servicesLn 2g$7K
Investment incomeLn 3$14K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
SavingsLn 2$976K
Cash and savings togetherLn 1–2$976K
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$7.4M
Total assetsLn 16$10.0M
LiabilitiesLn 26$10K
Net assetsLn 32$10.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$553K$976K
InvestmentsLn 11–13$135K$1.6M
Land, buildings, equipmentLn 10c$10K$6K
Total assetsLn 16$8.1M$10.0M
LiabilitiesLn 26$9K$10K
Net assetsLn 32$8.1M$10.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$108K$65K$22K$22K
Other salaries and wagesLn 7$63K$44K$13K$6K
Payroll taxesLn 10$6K$4K$1K$622
Accounting feesLn 11c$36K$16K$19K$1K
Office expensesLn 13$11K$987$7K$4K
Information technologyLn 14$42K$42K
OccupancyLn 16$27K$24K$3K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$30K$25K$3K$1K
Other expenses (24a–d)Ln 24$254K$247K$2K$6K
All other expensesLn 24e$4K$814$3K
Total functional expensesLn 25$584K$430K$71K$83K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $875K$807K$68K$11.3M 990 PDF
FY2023 $2.0M$571K$1.5M$11.4M 990 PDF
FY2022 Viewing $2.4M$584K$1.9M$10.0M 990 PDF
FY2021 $811K$508K$303K$8.1M 990 PDF
FY2020 $1.1M$1.0M$106K$7.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $2,434,855 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $531,690$2,421,673
I-9 Program service revenuePrior year $271,251$7,380
I-10 Investment incomePrior year $7,420$13,586
I-11 Other revenuePrior year $361−$7,784
I-12 Total revenuePrior year $810,722$2,434,855
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $137,182$176,520
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $370,600$407,659
I-18 Total expensesPrior year $507,782$584,179
I-19 Revenue less expensesPrior year $302,940$1,850,676
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,434,855 across 9 lines filed
VIII-1b Membership dues$4,305
VIII-1c Fundraising events$216,224
VIII-1e Government grants$325,000
VIII-1f All other contributions, gifts and grants$1,876,144
VIII-1h Total contributions, gifts and grants$2,421,673
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,380$7,380
VIII-3 Investment incomeRelated to mission $13,586$13,586
VIII-8 Net income from fundraising eventsExcluded from tax −$7,784−$7,784
VIII-12 Total revenueRelated to mission $20,966 · Unrelated business $0 · Excluded from tax −$7,784$2,434,855
Part IX · Statement of functional expenses $584,179 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $64,504 · Management $21,502 · Fundraising $21,502$107,508
IX-7 Other salaries and wagesPrograms $43,952 · Management $12,558 · Fundraising $6,279$62,789
IX-10 Payroll taxesPrograms $4,356 · Management $1,245 · Fundraising $622$6,223
IX-11c Accounting feesPrograms $15,559 · Management $18,778 · Fundraising $1,431$35,768
IX-13 Office expensesPrograms $987 · Management $6,694 · Fundraising $3,805$11,486
IX-14 Information technologyFundraising $42,128$42,128
IX-16 OccupancyPrograms $24,122 · Management $2,680$26,802
IX-22 Depreciation, depletion and amortizationPrograms $3,600$3,600
IX-23 InsurancePrograms $25,339 · Management $2,981 · Fundraising $1,491$29,811
IX-24 Other expenses (24a–d)Programs $246,585 · Management $1,778 · Fundraising $5,631$253,994
IX-24e All other expensesPrograms $814 · Management $3,256$4,070
IX-25 Total functional expensesPrograms $429,818 · Management $71,472 · Fundraising $82,889$584,179
Part X · Balance sheet $9,964,646 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $553,032$976,130
X-9 Prepaid expenses and deferred chargesStart of year $895$895
X-10c Land, buildings and equipment, netStart of year $9,873$6,273
X-11 Publicly traded securitiesStart of year $135,293$145,675
X-12 Other securities$1,421,623
X-15 Other assetsStart of year $7,414,050$7,414,050
X-16 Total assetsStart of year $8,113,143$9,964,646
X-17 Accounts payable and accrued expensesStart of year $8,900$10,170
X-26 Total liabilitiesStart of year $8,900$10,170
X-27 Net assets without donor restrictionsStart of year $7,705,867$7,958,436
X-28 Net assets with donor restrictionsStart of year $398,376$1,996,040
X-32 Total net assets or fund balancesStart of year $8,104,243$9,954,476
X-33 Total liabilities and net assetsStart of year $8,113,143$9,964,646
Part XI · Reconciliation of net assets $9,954,476 net assets at year end
XI-1 Total revenue$2,434,855
XI-2 Total expenses$584,179
XI-3 Revenue less expenses$1,850,676
XI-4 Net assets at start of year$8,104,243
XI-9 Other changes in net assets−$443
XI-10 Net assets at end of year$9,954,476

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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