Civic Intelligence

The Hyde Collection Trust

EIN 14-1401101 • 501(c)3 • Glens Falls, NY

Profile

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.

161 Warren StreetGlens Falls, NY 12801

www.hydecollection.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.06x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

16th percentile

-12%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

2.6%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-3.1%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,214,801

Up $366,829 (+2.6%) from 2023

Liabilities

Up

$142,609

Up $50,516 (+55%) from 2023

Net Assets

Up

$14,072,192

Up $316,313 (+2.3%) from 2023

Revenue

Down

$2,219,440

Down $71,456 (-3.1%) from 2023

Expenses

Down

$2,490,216

Down $71,896 (-2.8%) from 2023

Net Income

Up

-$270,776

Up $440 (+0.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $20,610,906Liabilities 2010: $1,468,453Net Assets 2010: $19,142,4532010Assets 2011: $22,676,440Liabilities 2011: $1,445,321Net Assets 2011: $21,231,1192011Assets 2012: $23,284,525Liabilities 2012: $1,581,870Net Assets 2012: $21,702,6552012Assets 2013: $24,798,162Liabilities 2013: $1,327,167Net Assets 2013: $23,470,9952013Assets 2014: $24,248,296Liabilities 2014: $1,312,682Net Assets 2014: $22,935,6142014Assets 2015: $25,215,571Liabilities 2015: $1,101,376Net Assets 2015: $24,114,1952015Assets 2016: $25,521,464Liabilities 2016: $1,075,833Net Assets 2016: $24,445,6312016Assets 2017: $25,817,909Liabilities 2017: $1,009,584Net Assets 2017: $24,808,3252017Assets 2018: $23,789,960Liabilities 2018: $847,580Net Assets 2018: $22,942,3802018Assets 2019: $24,075,309Liabilities 2019: $637,509Net Assets 2019: $23,437,8002019Assets 2020: $24,685,938Liabilities 2020: $646,633Net Assets 2020: $24,039,3052020Assets 2021: $16,001,021Liabilities 2021: $427,389Net Assets 2021: $15,573,6322021Assets 2022: $13,347,854Liabilities 2022: $407,363Net Assets 2022: $12,940,4912022Assets 2023: $13,847,972Liabilities 2023: $92,093Net Assets 2023: $13,755,8792023Assets 2024: $14,214,801Liabilities 2024: $142,609Net Assets 2024: $14,072,1922024

Highlighted filing

2024

Assets$14,214,801
Liabilities$142,609
Net Assets$14,072,192

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,195,3802010Expenses 2011: $2,255,2932011Expenses 2012: $1,952,6192012Revenue 2013: $3,010,857Expenses 2013: $2,295,693Net Income 2013: $715,1642013Revenue 2014: $1,410,409Expenses 2014: $2,129,894Net Income 2014: -$719,4852014Revenue 2015: $3,897,601Expenses 2015: $1,766,048Net Income 2015: $2,131,5532015Revenue 2016: $1,873,808Expenses 2016: $1,992,278Net Income 2016: -$118,4702016Revenue 2017: $1,235,627Expenses 2017: $2,046,305Net Income 2017: -$810,6782017Revenue 2018: $1,412,474Expenses 2018: $2,142,501Net Income 2018: -$730,0272018Revenue 2019: $1,146,787Expenses 2019: $2,045,171Net Income 2019: -$898,3842019Revenue 2020: $1,600,957Expenses 2020: $1,780,253Net Income 2020: -$179,2962020Revenue 2021: $1,866,251Expenses 2021: $1,819,743Net Income 2021: $46,5082021Revenue 2022: $1,465,475Expenses 2022: $2,099,728Net Income 2022: -$634,2532022Revenue 2023: $2,290,896Expenses 2023: $2,562,112Net Income 2023: -$271,2162023Revenue 2024: $2,219,440Expenses 2024: $2,490,216Net Income 2024: -$270,7762024

Highlighted filing

2024

Revenue$2,219,440
Expenses$2,490,216
Net Income-$270,776

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.2$0.14$14.1$2.22$2.49$0.27
2023Detailed filing. Detailed filing data is available for this year.$13.8$0.09$13.8$2.29$2.56$0.27
2022Detailed filing. Detailed filing data is available for this year.$13.3$0.41$12.9$1.47$2.10$0.63
2021Detailed filing. Detailed filing data is available for this year.$16.0$0.43$15.6$1.87$1.82$0.05
2020Detailed filing. Detailed filing data is available for this year.$24.7$0.65$24.0$1.60$1.78$0.18
2019Detailed filing. Detailed filing data is available for this year.$24.1$0.64$23.4$1.15$2.05$0.90
2018Detailed filing. Detailed filing data is available for this year.$23.8$0.85$22.9$1.41$2.14$0.73
2017Detailed filing. Detailed filing data is available for this year.$25.8$1.01$24.8$1.24$2.05$0.81
2016Detailed filing. Detailed filing data is available for this year.$25.5$1.08$24.4$1.87$1.99$0.12
2015Detailed filing. Detailed filing data is available for this year.$25.2$1.10$24.1$3.90$1.77$2.13
2014Detailed filing. Detailed filing data is available for this year.$24.2$1.31$22.9$1.41$2.13$0.72
2013Detailed filing. Detailed filing data is available for this year.$24.8$1.33$23.5$3.01$2.30$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$1.58$21.7$1.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$1.45$21.2$2.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$1.47$19.1$2.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.2
Gross Receipts
$3,471,644
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,776,690$6,980,714▲ $204,024
Land, Buildings, and Equipment, Net$3,592,389$3,455,309▼ $137,080
Pledges and Grants Receivable$100,077$424,749▲ $324,672
Cash and Non-Interest-Bearing Accounts$491,598$400,040▼ $91,558
Prepaid Expenses and Deferred Charges$2,845$24,973▲ $22,128
Inventories for Sale or Use$10,202$10,146▼ $56
Total Assets$13,847,972$14,214,801▲ $366,829
Other Assets Total$2,874,171$2,918,870▲ $44,699
Liabilities
Accounts Payable and Accrued Expenses$64,937$142,609▲ $77,672
Mortgage Notes Payable Secured by Investment Property$27,156--
Total Liabilities$92,093$142,609▲ $50,516
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,871,577$9,985,969▲ $114,392
Net Assets Without Donor Restrictions$3,884,302$4,086,223▲ $201,921
Total Net Assets Fund Balance$13,755,879$14,072,192▲ $316,313
Total Liabilities and Net Assets / Fund Balance$13,847,972$14,214,801▲ $366,829

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$918,263$4,547,338$5,465,601
Leasehold Improvements$2,325,811$2,266,008$4,591,819
Equipment$49,759$1,077,385$1,127,144
Other Land Buildings$91,373-$91,373
Land$70,103-$70,103
Other Assets Org$10,612--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$6,160,400---$6,160,400
2023$6,160,400---$6,160,400
2022$6,160,400---$6,160,400
2021$6,160,400---$6,160,400
2020$5,880,400$280,000--$6,160,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John LefnerChief Executive OfficerFT$160,000$9,600$169,600
Revenue and Support

Revenue Composition

Contributions and Grants
$1,786,899
Program Service Revenue
$91,687
Investment Income
$519,760
Other Revenue
$-178,906
All Other Contributions
$1,173,533
Change in Net Assets
$-270,776

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$49,151Fair Market Value (FMV)
Total Noncash Contributions$49,151-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,394,649
Revenue Not Reported on Financial Statements
$-175,209
Revenue Not Reported on Form 990
$587,089
Other Revenue Adjustments
$-219,137
Total Revenue per Audited Statements
$2,981,738
Total Revenue per Form 990
$2,219,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,330,664
Salaries, Compensation, and Employee Benefits$1,159,552
Total Fundraising Expense$240,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$593,511$108,077$134,236$835,824
Depreciation Depletion$212,690$11,194$4,569$228,453
Current Officers, Directors, Trustees, and Key Employees-$118,720$50,880$169,600
Occupancy$125,441$6,602$2,695$134,738
Fees for Services Other$82,148$37,708-$119,856
Insurance$86,330$3,464$1,367$91,161
Payroll Taxes$51,018$17,394$14,814$83,226
Fees for Services Accounting-$71,187-$71,187
Other Employee Benefits$50,394$13,003$7,505$70,902
Advertising$53,269$5,397-$58,666
All Other Expenses$40,358$11,485$4,431$56,274
Other Expenses$33,491$2,678$9,213$45,382
Fees for Service Investment Mgmnt Fees-$43,928-$43,928
Conferences and Meetings$13,761$6,345$2,260$22,366
Office Expenses$14,813$453$6,296$21,562
Travel$3,887$164$37$4,088
Interest-$520-$520
Total Functional Expenses$1,784,939$464,522$240,755$2,490,216

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,665,425
Total Expenses per Form 990$2,490,216
Expenses per Audited Statements$2,446,288
Expenses Not Reported on Form 990$219,137
Expenses Not Reported on Financial Statements$43,928
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$219,137
Fundraising Gross Income$28,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$320,488$23,040$41,494$-18,454
Luncheon$50,569$5,460-$5,460
Total Events$371,057$28,500$219,137$-190,637
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Mary renz, a board member, has a family relationship with the hyde family. Chelsea hoopes silver, a board member, has a family relationship with the hyde family.

Form 990, Part VI, Section B, Line 11B

The board chairman, director, treasurer and financial officer review form 990 prior to filing. After the 990 is reviewed, it is presented to the finance committee for final approval. After filing, copies of form 990 are available to all members of the board of trustees.

Form 990, Part VI, Section B, Line 12C

In addition to filing an annual written conflict of interest disclosure statement, all trustees and employees of the hyde collection are required, under the conflict of interest policy, to disclose any actions that may even appear to constitute a conflict of interest to the board chairman, the director, or if disclosure is made during a commitee meeting, the committee chairman. In the context of board decision making, a majority of the disinterested trustees present at a meeting where a disclosure of potential conflict of interest takes place will decide the extent of participation of the parties involved, and such decision will be documented in the minutes of the meeting.

Form 990, Part VI, Section B, Line 15

The executive committee, a standing committee of the board of trustees, reviews and sets the ceo's salary. The review includes comparison with compensation data for comparable positions at similar institutions. The results of the review process are recorded contemporaneously. The ceo is charged with analyzing and setting the salaries of the employees.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy, and financial statements are made available to the public, upon request.

Filing and Contact Details

Filer

Filer Name
The Hyde Collection Trust
EIN
14-1401101
Phone
5187921761
Address
161 WARREN STREET, GLENS FALLS, NY 12801

Signing Officer

Name
John Lefner
Title
Chief Executive Officer
Phone
5187921761
Signed
2025-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lefner
Formed
1952
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
31
Volunteers
18

Preparer

Firm
Bonadio & Co Llp
Address
6 WEMBLEY CT, ALBANY, NY 12205
Preparer
Kevin Testo
Phone
5184644080
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in fair value of beneficial trust 265,436.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART III, LINE 4:

The permanent collection consists of approximately 3,000 objects including european old masters, american art, and twentieth century art. The collection also includes important european antique furniture and decorative arts of italian renaissance, continental baroque, and french eighteenth century origin. Hyde house, cunningham house, and hoopes house are all listed on the national register of historic places. The organization is a museum open to the public 4 days per week, year round. The organization sponsors major exhibitions, educational programs, and has volunteers available daily to enhance the museum experience for visitors.

PART V, LINE 4:

To provide revenue for the ongoing operation of the organization.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in fair value of beneficial trust 265,436.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special event direct expense -219,137.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events direct expense 219,137.

Schedule D Part VI

Land relates to three properties. The hyde house was owned by louis hyde. The cunningham house and the hoopes house, were owned by two sisters of charlotte hyde. The main building, known as hyde house, houses the museum itself, various galleries for permanent and temporary exhibitions, a small theater space, and an education wing. The cunningham house houses the administrative offices of the organization. The hoopes house is currently used for storage, but long range plans include expanded exhibition space and meeting facilities. All buildings are listed on the national register of historical places. Equipment consists of office furniture, display equipment, benches, tables, carpeting, security equipment, signage, sound equipment, etc.

Raw XML AppendixShowing 400 of 705 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm6BELINDA COLON
IRS990/Form990PartVIISectionAGrp/PersonNm7ELLEN-DEANE CUMMINS
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF EXECUTIVE OFFICER
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IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBER AND VISITOR SERVICES: TO MEET THE NEEDS OF MEMBERS AND VISITORS TO THE MUSEUM
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt060780
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IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
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