Civic Intelligence

The Olana Partnership

990 • Fiscal year 2018 • EIN 14-1828430

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 24, 2019

PO Box 199Hudson, NY 12534

(518) 828-1872

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.03x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$166,581

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Asset Growth

85th percentile

23%

Faster asset growth than 85% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

115%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,668,308

Up $859,155 (+23%) from 2017

Net Assets

Up

$4,586,594

Up $873,650 (+24%) from 2017

Liabilities

Down

$81,714

Down $14,495 (-15%) from 2017

Revenue

Up

$2,792,936

Up $1,495,700 (+115%) from 2017

Expenses

Up

$1,624,475

Up $127,152 (+8.5%) from 2017

Net Income

Up

$1,168,461

Up $1,368,548 (+684%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $2,977,665Liabilities 2010: $44,145Net Assets 2010: $2,933,5202010Assets 2011: $2,809,657Liabilities 2011: $90,705Net Assets 2011: $2,718,9522011Assets 2012: $3,488,322Liabilities 2012: $70,705Net Assets 2012: $3,417,6172012Assets 2013: $3,678,709Liabilities 2013: $107,909Net Assets 2013: $3,570,8002013Assets 2014: $4,047,702Liabilities 2014: $125,415Net Assets 2014: $3,922,2872014Assets 2015: $4,132,604Liabilities 2015: $478,359Net Assets 2015: $3,654,2452015Assets 2016: $3,815,640Liabilities 2016: $71,819Net Assets 2016: $3,743,8212016Assets 2017: $3,809,153Liabilities 2017: $96,209Net Assets 2017: $3,712,9442017Assets 2018: $4,668,308Liabilities 2018: $81,714Net Assets 2018: $4,586,5942018Assets 2019: $7,726,483Liabilities 2019: $130,518Net Assets 2019: $7,595,9652019Assets 2020: $9,171,863Liabilities 2020: $442,528Net Assets 2020: $8,729,3352020Assets 2021: $10,762,808Liabilities 2021: $530,956Net Assets 2021: $10,231,8522021Assets 2022: $10,730,401Liabilities 2022: $233,032Net Assets 2022: $10,497,3692022Assets 2023: $13,891,500Liabilities 2023: $206,419Net Assets 2023: $13,685,0812023Assets 2024: $16,220,685Liabilities 2024: $348,391Net Assets 2024: $15,872,2942024

Highlighted filing

2018

Assets$4,668,308
Liabilities$81,714
Net Assets$4,586,594

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,065,1602010Expenses 2011: $973,0622011Expenses 2012: $1,216,2372012Revenue 2013: $1,066,222Expenses 2013: $976,031Net Income 2013: $90,1912013Revenue 2014: $1,806,593Expenses 2014: $1,473,808Net Income 2014: $332,7852014Revenue 2015: $1,662,215Expenses 2015: $1,828,928Net Income 2015: -$166,7132015Revenue 2016: $1,075,382Expenses 2016: $1,225,819Net Income 2016: -$150,4372016Revenue 2017: $1,297,236Expenses 2017: $1,497,323Net Income 2017: -$200,0872017Revenue 2018: $2,792,936Expenses 2018: $1,624,475Net Income 2018: $1,168,4612018Revenue 2019: $4,886,791Expenses 2019: $2,052,299Net Income 2019: $2,834,4922019Revenue 2020: $2,641,572Expenses 2020: $1,510,080Net Income 2020: $1,131,4922020Revenue 2021: $3,766,819Expenses 2021: $2,391,659Net Income 2021: $1,375,1602021Revenue 2022: $2,737,101Expenses 2022: $2,193,193Net Income 2022: $543,9082022Revenue 2023: $5,405,343Expenses 2023: $2,439,498Net Income 2023: $2,965,8452023Revenue 2024: $5,214,127Expenses 2024: $3,098,638Net Income 2024: $2,115,4892024

Highlighted filing

2018

Revenue$2,792,936
Expenses$1,624,475
Net Income$1,168,461
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 24, 2019
Return Version
2018v3.1
Gross Receipts
$3,487,982
Mission and Program Overview

Mission

To inspire the public by preserving and interpreting olana, frederic church's artistic masterpiece.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,536,318$2,239,426▼ $296,892
Pledges and Grants Receivable$362,619$1,276,789▲ $914,170
Savings and Temporary Cash Investments$569,284$729,746▲ $160,462
Cash and Non-Interest-Bearing Accounts$162,537$128,074▼ $34,463
Inventories for Sale or Use$93,724$112,287▲ $18,563
Accounts Receivable$9,804$74,204▲ $64,400
Land, Buildings, and Equipment, Net$58,567$71,711▲ $13,144
Prepaid Expenses and Deferred Charges$16,300$36,071▲ $19,771
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,809,153$4,668,308▲ $859,155
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$96,209$81,714▼ $14,495
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$96,209$81,714▼ $14,495
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,143,326$2,129,084▼ $14,242
Temporarily Rstr Net Assets$1,192,337$2,047,015▲ $854,678
Unrestricted Net Assets$377,281$410,495▲ $33,214
Total Net Assets Fund Balance$3,712,944$4,586,594▲ $873,650
Total Liabilities and Net Assets / Fund Balance$3,809,153$4,668,308▲ $859,155

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$71,711$87,383$159,094

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,376,100-▼ $217,037$20,000$2,139,063
2017$2,433,157-▲ $307,652$364,709$2,376,100
2016$2,340,725-▲ $167,432$75,000$2,433,157
2015$2,491,593-▼ $100,868$50,000$2,340,725
2014$2,014,728$431,150▲ $45,715-$2,491,593
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean SawyerPresidentFT$158,821$7,760$166,581

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,560,691
Program Service Revenue
$89,465
Investment Income
$103,139
Other Revenue
$39,641
All Other Contributions
$1,865,456
Change in Net Assets
$1,168,461

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$95,638Fair Market Value (FMV)
Total Noncash Contributions7$95,638-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,771,620
Revenue Not Reported on Financial Statements
$21,316
Revenue Not Reported on Form 990
$-247,961
Total Revenue per Audited Statements
$2,523,659
Total Revenue per Form 990
$2,792,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$893,663
Other Expenses$634,812
Total Fundraising Expense$527,425
Professional Fundraising Fees$96,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$275,456$98,009$231,208$604,673
Fees for Services Other$268,310-$37,261$305,571
Current Officers, Directors, Trustees, and Key Employees$101,645$19,059$38,117$158,821
Office Expenses$68,547$7,126$42,748$118,421
Fees for Services Professional Fundraising--$96,000$96,000
Payroll Taxes$28,900$8,737$20,484$58,121
Advertising$56,920--$56,920
Other Employee Benefits$28,028$4,402$17,321$49,751
Travel$16,513$2,640$15,564$34,717
Insurance$16,980$2,960$3,356$23,296
Pension Plan Contributions$5,698$10,409$6,190$22,297
Fees for Service Investment Mgmnt Fees-$21,316-$21,316
Information Technology$10,512$3,267$6,172$19,951
Occupancy$8,343$3,129$5,912$17,384
Fees for Services Accounting-$16,355-$16,355
Depreciation Depletion$10,149$2,189$2,766$15,104
Interest-$822-$822
Other Expenses$514$115$139$768
Total Functional Expenses$896,515$200,535$527,425$1,624,475

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,650,009
Total Expenses per Form 990$1,624,475
Expenses per Audited Statements$1,603,159
Expenses Not Reported on Form 990$46,850
Expenses Not Reported on Financial Statements$21,316
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$161,202
Professional Fundraising Fees$96,000
Fundraising Gross Income$81,960
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$624,209$63,360$31,244$32,116
Summer Party$122,536$18,600$10,486$8,114
Total Events$746,745$81,960$161,202$-79,242
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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

Part VI, Section B - Line 15

The executive committee is in charge of recommending the compensation and benefits of the president. Regarding management compensation, an annual review is made of current salaries for similar positions to determine fair compensation.

Part VI, Section C - Line 19

The organization provides its financial statements and the conflict of interest policy to others upon request. The financial statements are also made available on the organization's website as well as a third party website, guidestar, for public view.

Part VI, Section B Line 11B

The organization provided a copy of the 990 tax return to the board of trustees. The trustees were given time to review and provide comments prior to being submitted.

Part VI, Section B - Line 12C

Each trustee, officer, and member of the professional staff of the partnership is provided with a copy of the conflict of interest policy and an annual disclosure form. The board of trustees shall annually review the conflict of interest policy and procedures contained therein and shall then give a copy, together with any amendments, to each trustee, officer, and member of the professional staff.

Part VI, Section A - Line 2

A family relationship exists between phoebe gubelmann and kate gubelmann, both are members of the board of trustees.

Filing and Contact Details

Filer

Filer Name
The Olana Partnership
EIN
14-1828430
In Care Of
% BETSY HENSON
Phone
5188281872
Address
PO BOX 199, HUDSON, NY 12534

Signing Officer

Name
Sean Sawyer
Title
President
Phone
5188281872
Signed
2019-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Sawyer
Formed
2001
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
24
Volunteers
38

Preparer

Firm
Pattison Koskey Howe & Bucci CPA Pc
Address
1 HUDSON CITY CENTRE STE 203, HUDSON, NY 12534
Preparer
Matthew H Vanderbeck CPA
Phone
5188281565
Supplemental Narrative

Additional Explanations

Part III, Line 4D

Landscape/Viewshed: In 2018, the Organization was closely involved in the construction of the first phase of Olana Historic Site's Strategic Landscape Design Plan, the restoration and rehabilitation of the historic landscape surrounding the Main House. This project was administered by OPRHP, but the Organization served as an advisor and provided additional private funding for elements of the work. The Organization also continued to develop and expand its public programming focused on Olana's historic landscape as part of the larger vision to provide visitors with an integrated, comprehensive experience of Olana as a work of landscape art and design. Olana's viewshed protection efforts are ongoing and involve monitoring all development within the extensive viewshed of Olana's National Historic Landmark 250-acre historic landscape. In 2018, this work focused on continued monitoring of proposals for large communications towers on Blue Hill in Livingston, NY. Other projects that were reviewed during the year included a proposed solar facility in the City of Hudson. Capital Development: During 2018, the Olana Partnership launched a major, $10 million capital campaign to fund the design and construction of a new visitor entry and orientation building and parking lot as well as a maintenance endowment for the new structure. Campaign fundraising in 2018 was limited to the board of directors members, with the goal of reaching 100% participation by the annual meeting in January 2019. The Partnership's campaign is part of the larger capital development plans for Olana State Historic Site being undertaken with OPRHP. OPRHP is funding substantial elements through its capital budget. In 2018, the Partnership was involved in an advisory role in the construction of Phase I of the larger plan, the restoration and rehabilitation of the historic landscape surrounding the main house. The Partnership also participated in additional planning and design work for other components, to be funded and constructed in future years.

Form 990 Part IX Line 11G

Description:consultants/contracted service total fees:280194

Form 990 Part IX Line 11G

Description:fundraising consultant total fees:25377

Financial Statement Notes

Endowment Funds

Permanent endowment-the organization's endowment funds are donor-restricted endowment funds for salaried positions. Donors have intended that the earnings on such gifts be accumulated until each position reaches the $1mm goal. During the year ended december 31, 2014, the organization reached its goal of $1mm for the president and educator endowment funds.

Part X, Line 2

The Organization has evaluated any uncertain tax positions and related income tax contingencies and determined uncertain tax positions, if any, are not material to the financial statements, according to FASB ASC 740-10. Penalties and interest assessed by income taxing authorities are included in operating expenses, if incurred. The Organization is no longer subject to examination by federal and state taxing authorities for years prior to fiscal year ended December 31, 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7CORRESPONDING SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.2$0.35$15.9$5.21$3.10$2.12
2023Summary only. Only limited summary data is available for this year.$13.9$0.21$13.7$5.41$2.44$2.97
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.23$10.5$2.74$2.19$0.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.53$10.2$3.77$2.39$1.38
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.17$0.44$8.73$2.64$1.51$1.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.73$0.13$7.60$4.89$2.05$2.83
2018Detailed filing. Detailed filing data is available for this year.$4.67$0.08$4.59$2.79$1.62$1.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$0.10$3.71$1.30$1.50$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$0.07$3.74$1.08$1.23$0.15
2015Summary only. Only limited summary data is available for this year.$4.13$0.48$3.65$1.66$1.83$0.17
2014Summary only. Only limited summary data is available for this year.$4.05$0.13$3.92$1.81$1.47$0.33
2013Detailed filing. Detailed filing data is available for this year.$3.68$0.11$3.57$1.07$0.98$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$0.07$3.42$1.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.09$2.72$0.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$0.04$2.93$1.07