The Hyde Collection Trust FY2020 filing

Tax-deductible

Glens Falls, NY501(c)(3)Arts & CultureEIN 14-1401101Revenue $1.6M in FY2020

On file with the IRShydecollection.org161 Warren St, 12801-4520 · Glens Falls, NYTax-exempt since Jun 1955Publicly supported — 509(a)(2)

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The Hyde collection's mission is to develop and highlight a Collection of international importance, create exhibitions of regional and national significance, and provide invigorating educational programs to its core local audiences and communities.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
1 of 5
filings with a surplus
Average deficit $262K a year · 14% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $449K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$647K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.8M
To programs
70%
Net assets
$24.0M
By yearFY2020–FY2024
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.9M
FY2022$1.5M
FY2023$2.3M
FY2024$2.2M
Expenses
$1.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$2.1M
FY2023$2.6M
FY2024$2.5M
Net assets
$24.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$24.0M
FY2021$15.6M
FY2022$12.9M
FY2023$13.8M
FY2024$14.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1955.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.3M Management & general 20% · $363K Fundraising 9% · $165K

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

18 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$131,251Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John Lefner’s $160K as Chief Executive Officer is at the 71st percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Lefner$160,000$155,383$117,136——
Norman Dascher—$101,199$145,236——
Norman Dascher JR———$123,685$131,251

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Hyde Collection Trust 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Showcases art, hosts exhibitions, and offers educational programs for local communities.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2020
01

Display, maintenance and conservation of the art collection, including exhibitions and education programs.

$968Kprogram expense
02

Communication, promotion, and publication of programs, services, exhibition catalogs, and museum news.

$172Kprogram expense
03

Member and visitor services; a total of 6,411 visitors and members came to the hyde in 2020. Our virtual attendance for online PROGRAMS/EVENTS during the pandemic is 17,754.

$113Kprogram 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 8 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$211K
Other incomeLn 4–11$23K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.3M
Managementcol C$363K
Fundraisingcol D$165K
Owns and owesPt X
$24.0M
net assets · Ln 32
Cash and savingsLn 1–2$292K
Total assetsLn 16$24.7M
LiabilitiesLn 26$647K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$213K
Noncash giftsLn 1g$225K
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$19K
Investment incomeLn 3$211K
Other incomeLn 4–11$23K
Gains on assetsLn 7$115K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$189K
SavingsLn 2$104K
Cash and savings togetherLn 1–2$292K
InvestmentsLn 11–13$7.3M
Land, buildings, equipmentLn 10c$4.4M
Other assetsLn 15$12.4M
Total assetsLn 16$24.7M
LiabilitiesLn 26$647K
Net assetsLn 32$24.0M
OperationsPt I, VI
EmployeesI 525
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$204K$292K
InvestmentsLn 11–13$6.9M$7.3M
Land, buildings, equipmentLn 10c$4.7M$4.4M
Total assetsLn 16$24.1M$24.7M
LiabilitiesLn 26$638K$647K
Net assetsLn 32$23.4M$24.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$131K$78K$29K$24K
Other salaries and wagesLn 7$529K$315K$117K$97K
Pension plan contributionsLn 8$23K$14K$6K$3K
Other employee benefitsLn 9$61K$38K$15K$8K
Payroll taxesLn 10$54K$33K$11K$10K
Accounting feesLn 11c$19K$19K
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$157K$76K$81K
Advertising and promotionLn 12$65K$65K$437
Office expensesLn 13$23K$16K$475$7K
Information technologyLn 14$7K$7K$199$81
TravelLn 17$1K$1K$46$11
Conferences, conventions and meetingsLn 19$5K$2K$2K$244
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$311K$289K$15K$6K
InsuranceLn 23$70K$66K$3K$1K
Other expenses (24a–d)Ln 24$245K$233K$8K$3K
All other expensesLn 24e$43K$19K$18K$6K
Total functional expensesLn 25$1.8M$1.3M$363K$165K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$2.5M−$271K$14.1M 990 PDF
FY2023 $2.3M$2.6M−$271K$13.8M 990 PDF
FY2022 $1.5M$2.1M−$634K$12.9M 990 PDF
FY2021 $1.9M$1.8M$47K$15.6M 990 PDF
FY2020 Viewing $1.6M$1.8M−$179K$24.0M 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 FY2020 990 (6 parts)
Part I · Summary $1,600,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $665,826$1,347,829
I-9 Program service revenuePrior year $73,692$19,181
I-10 Investment incomePrior year $216,423$211,087
I-11 Other revenuePrior year $190,846$22,860
I-12 Total revenuePrior year $1,146,787$1,600,957
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 $966,482$797,088
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,078,689$983,165
I-18 Total expensesPrior year $2,045,171$1,780,253
I-19 Revenue less expensesPrior year −$898,384−$179,296
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,600,957 across 12 lines filed
Lines not itemized here account for −$4,112 of total revenue; see the IRS return.
VIII-1b Membership dues$123,064
VIII-1c Fundraising events$4,221
VIII-1e Government grants$212,686
VIII-1f All other contributions, gifts and grants$1,007,858
VIII-1g Noncash contributions (included above)$225,000
VIII-1h Total contributions, gifts and grants$1,347,829
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,181$19,181
VIII-3 Investment incomeExcluded from tax $96,191$96,191
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114,896$114,896
VIII-8 Net income from fundraising eventsExcluded from tax $10,234$10,234
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,738$16,738
VIII-12 Total revenueRelated to mission $31,807 · Unrelated business $0 · Excluded from tax $221,321$1,600,957
Part IX · Statement of functional expenses $1,780,253 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $78,226 · Management $29,006 · Fundraising $24,019$131,251
IX-7 Other salaries and wagesPrograms $314,986 · Management $116,799 · Fundraising $96,716$528,501
IX-8 Pension plan contributionsPrograms $14,323 · Management $5,606 · Fundraising $2,951$22,880
IX-9 Other employee benefitsPrograms $37,972 · Management $14,861 · Fundraising $7,825$60,658
IX-10 Payroll taxesPrograms $32,978 · Management $11,244 · Fundraising $9,576$53,798
IX-11c Accounting feesManagement $19,100$19,100
IX-11f Investment management feesManagement $18,810$18,810
IX-11g Other fees for servicesPrograms $75,773 · Management $81,343$157,116
IX-12 Advertising and promotionPrograms $64,785 · Management $437$65,222
IX-13 Office expensesPrograms $15,531 · Management $475 · Fundraising $6,602$22,608
IX-14 Information technologyPrograms $7,100 · Management $199 · Fundraising $81$7,380
IX-17 TravelPrograms $1,122 · Management $46 · Fundraising $11$1,179
IX-19 Conferences, conventions and meetingsPrograms $2,181 · Management $2,455 · Fundraising $244$4,880
IX-20 InterestManagement $17,504$17,504
IX-22 Depreciation, depletion and amortizationPrograms $289,419 · Management $15,234 · Fundraising $6,217$310,870
IX-23 InsurancePrograms $66,306 · Management $2,661 · Fundraising $1,050$70,017
IX-24 Other expenses (24a–d)Programs $233,422 · Management $8,360 · Fundraising $3,363$245,145
IX-24e All other expensesPrograms $18,569 · Management $18,491 · Fundraising $6,274$43,334
IX-25 Total functional expensesPrograms $1,252,693 · Management $362,631 · Fundraising $164,929$1,780,253
Part X · Balance sheet $24,685,938 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $97,724$188,589
X-2 Savings and temporary cash investmentsStart of year $105,964$103,804
X-3 Pledges and grants receivableStart of year $47,735$202,181
X-8 Inventories for sale or useStart of year $27,393$22,726
X-9 Prepaid expenses and deferred chargesStart of year $60,773$68,600
X-10c Land, buildings and equipment, netStart of year $4,664,321$4,432,434
X-11 Publicly traded securitiesStart of year $6,077,310$6,345,264
X-12 Other securitiesStart of year $857,786$910,726
X-14 Intangible assetsStart of year $12,964$8,641
X-15 Other assetsStart of year $12,123,339$12,402,973
X-16 Total assetsStart of year $24,075,309$24,685,938
X-17 Accounts payable and accrued expensesStart of year $91,961$175,199
X-26 Total liabilitiesStart of year $637,509$646,633
X-27 Net assets without donor restrictionsStart of year $4,787,663$4,888,321
X-28 Net assets with donor restrictionsStart of year $18,650,137$19,150,984
X-32 Total net assets or fund balancesStart of year $23,437,800$24,039,305
X-33 Total liabilities and net assetsStart of year $24,075,309$24,685,938
Part XI · Reconciliation of net assets $24,039,305 net assets at year end
XI-1 Total revenue$1,600,957
XI-2 Total expenses$1,780,253
XI-3 Revenue less expenses−$179,296
XI-4 Net assets at start of year$23,437,800
XI-5 Net unrealized gains (losses) on investments$565,917
XI-9 Other changes in net assets$214,884
XI-10 Net assets at end of year$24,039,305

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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