Civic Intelligence

Fenimore Art Museum

EIN 15-0539110 • 501(c)3 • New York, NY

Profile

Preserving, engaging and educating. Welcoming and connecting people to our shared cultural heritage through exhibitions and programs that provoke, delight and inspire.

One Rockefeller Plaza 31th FLNew York, NY 10020-2102

www.fenimoreartmuseum.org

Siviq Scores

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

Liabilities / Assets

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $50M-$100M 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

48th percentile

5.6%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

8.9%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$60,789,580

Up $3,234,836 (+5.6%) from 2023

Liabilities

Up

$922,451

Up $401,030 (+77%) from 2023

Net Assets

Up

$59,867,129

Up $2,833,806 (+5.0%) from 2023

Revenue

Up

$24,002,518

Up $1,961,309 (+8.9%) from 2023

Expenses

Up

$5,766,572

Up $550,204 (+11%) from 2023

Net Income

Up

$18,235,946

Up $1,411,105 (+8.4%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $43,770,052Liabilities 2010: $395,833Net Assets 2010: $43,374,2192010Assets 2011: $41,668,391Liabilities 2011: $356,834Net Assets 2011: $41,311,5572011Assets 2012: $43,856,948Liabilities 2012: $446,060Net Assets 2012: $43,410,8882012Assets 2013: $55,038,539Liabilities 2013: $275,268Net Assets 2013: $54,763,2712013Assets 2014: $52,538,899Liabilities 2014: $350,641Net Assets 2014: $52,188,2582014Assets 2015: $49,010,934Liabilities 2015: $308,157Net Assets 2015: $48,702,7772015Assets 2016: $52,181,748Liabilities 2016: $341,705Net Assets 2016: $51,840,0432016Assets 2017: $54,139,298Liabilities 2017: $493,422Net Assets 2017: $53,645,8762017Assets 2018: $53,038,996Liabilities 2018: $330,145Net Assets 2018: $52,708,8512018Assets 2019: $58,318,584Liabilities 2019: $14,112Net Assets 2019: $58,304,4722019Assets 2020: $58,215,068Liabilities 2020: $248,915Net Assets 2020: $57,966,1532020Assets 2021: $63,527,114Liabilities 2021: $645,733Net Assets 2021: $62,881,3812021Assets 2022: $55,756,179Liabilities 2022: $498,201Net Assets 2022: $55,257,9782022Assets 2023: $57,554,744Liabilities 2023: $521,421Net Assets 2023: $57,033,3232023Assets 2024: $60,789,580Liabilities 2024: $922,451Net Assets 2024: $59,867,1292024

Highlighted filing

2024

Assets$60,789,580
Liabilities$922,451
Net Assets$59,867,129

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $4,865,5152010Expenses 2011: $4,898,7122011Expenses 2012: $4,892,2972012Revenue 2013: $8,107,903Expenses 2013: $4,943,494Net Income 2013: $3,164,4092013Revenue 2014: $10,745,800Expenses 2014: $4,845,354Net Income 2014: $5,900,4462014Revenue 2015: $5,778,679Expenses 2015: $4,744,833Net Income 2015: $1,033,8462015Revenue 2016: $3,891,456Expenses 2016: $5,090,355Net Income 2016: -$1,198,8992016Revenue 2017: $7,046,983Expenses 2017: $4,682,542Net Income 2017: $2,364,4412017Revenue 2018: $8,206,459Expenses 2018: $4,861,496Net Income 2018: $3,344,9632018Revenue 2019: $4,737,272Expenses 2019: $5,169,233Net Income 2019: -$431,9612019Revenue 2020: $3,883,909Expenses 2020: $3,812,449Net Income 2020: $71,4602020Revenue 2021: $3,838,046Expenses 2021: $4,356,919Net Income 2021: -$518,8732021Revenue 2022: $9,430,675Expenses 2022: $5,378,816Net Income 2022: $4,051,8592022Revenue 2023: $22,041,209Expenses 2023: $5,216,368Net Income 2023: $16,824,8412023Revenue 2024: $24,002,518Expenses 2024: $5,766,572Net Income 2024: $18,235,9462024

Highlighted filing

2024

Revenue$24,002,518
Expenses$5,766,572
Net Income$18,235,946

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.8$0.92$59.9$24.0$5.77$18.2
2023Detailed filing. Detailed filing data is available for this year.$57.6$0.52$57.0$22.0$5.22$16.8
2022Detailed filing. Detailed filing data is available for this year.$55.8$0.50$55.3$9.43$5.38$4.05
2021Detailed filing. Detailed filing data is available for this year.$63.5$0.65$62.9$3.84$4.36$0.52
2020Detailed filing. Detailed filing data is available for this year.$58.2$0.25$58.0$3.88$3.81$0.07
2019Detailed filing. Detailed filing data is available for this year.$58.3$0.01$58.3$4.74$5.17$0.43
2018Detailed filing. Detailed filing data is available for this year.$53.0$0.33$52.7$8.21$4.86$3.34
2017Summary only. Only limited summary data is available for this year.$54.1$0.49$53.6$7.05$4.68$2.36
2016Detailed filing. Detailed filing data is available for this year.$52.2$0.34$51.8$3.89$5.09$1.20
2015Detailed filing. Detailed filing data is available for this year.$49.0$0.31$48.7$5.78$4.74$1.03
2014Detailed filing. Detailed filing data is available for this year.$52.5$0.35$52.2$10.7$4.85$5.90
2013Detailed filing. Detailed filing data is available for this year.$55.0$0.28$54.8$8.11$4.94$3.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.9$0.45$43.4$4.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.7$0.36$41.3$4.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.8$0.40$43.4$4.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$24,002,518
Mission and Program Overview

Mission

Preserving, engaging and educating. Welcoming and connecting people to our shared cultural heritage through exhibitions and programs that provoke, delight and inspire.

Preserving, engaging, and educating.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$37,286,233$35,799,628▼ $1,486,605
Savings and Temporary Cash Investments$13,071,436$17,072,611▲ $4,001,175
Land, Buildings, and Equipment, Net$3,007,074$4,044,258▲ $1,037,184
Investments in Publicly Traded Securities$3,643,704$3,221,010▼ $422,694
Inventories for Sale or Use$297,988$299,916▲ $1,928
Prepaid Expenses and Deferred Charges$219,384$211,212▼ $8,172
Pledges and Grants Receivable-$104,200-
Accounts Receivable$28,925$36,745▲ $7,820
Total Assets$57,554,744$60,789,580▲ $3,234,836
Liabilities
Accounts Payable and Accrued Expenses$232,293$634,462▲ $402,169
Deferred Revenue$289,128$287,989▼ $1,139
Total Liabilities$521,421$922,451▲ $401,030
Net Assets / Fund Balance
Net Assets With Donor Restrictions$52,683,650$54,350,271▲ $1,666,621
Net Assets Without Donor Restrictions$4,349,673$5,516,858▲ $1,167,185
Total Net Assets Fund Balance$57,033,323$59,867,129▲ $2,833,806
Total Liabilities and Net Assets / Fund Balance$57,554,744$60,789,580▲ $3,234,836

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,634,044$11,801,955$14,435,999
Equipment$174,922$3,352,202$3,527,124
Other Land Buildings$1,205,741-$1,205,741
Land$29,551-$29,551
Other Securities$33,192,950--
Closely Held Equity Interests$2,606,678--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$47,250,144$15,587,000▲ $4,577,827$18,212,132$48,532,489
2023$49,468,939$18,112,000▲ $514,819$20,104,527$47,250,144
2022$45,584,384-▲ $6,702,118$2,112,281$49,468,939
2021$46,302,968-▲ $1,444,910$1,541,084$45,584,384
2020$46,087,317-▲ $2,556,846$1,734,381$46,302,968
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PAUL D'AMBROSIOPresidentPT$204,750$30,475$235,225
Joseph SiracusaVice PresidentPT$101,010$17,601$118,611

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Rose & KiernanEmployee Insurance99 TROY RD SUITE 300, East Greenbush, NY 12061$682,161
Postler And Jaeckle CorpMechanical Contractors615 SOUTH AVENUE, Rochester, NY 14620$670,356
The Clark Estates INCManagement FeesONE ROCKEFELLER PLAZA 31SR FLOOR, New York, NY 10020$517,409
Key BankFinancial Services103 MAIN STREET, Cooperstown, NY 13326$289,154
Fr Wyckoff LLCConstruction Contractors36 DELAWARE STREET, Cooperstown, NY 13326$224,754
Revenue and Support

Revenue Composition

Contributions and Grants
$18,797,187
Program Service Revenue
$501,279
Investment Income
$4,577,827
Other Revenue
$126,225
All Other Contributions
$18,534,195
Change in Net Assets
$18,235,946

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
Art Historical Treasures$433,630Expert Opinion
Total Noncash Contributions$433,630-

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,568,888
Revenue Not Reported on Financial Statements
$433,630
Revenue Not Reported on Form 990
$692,419
Other Revenue Adjustments
$433,630
Total Revenue per Audited Statements
$24,261,307
Total Revenue per Form 990
$24,002,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,442,977
Salaries, Compensation, and Employee Benefits$2,323,595
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$601,140$769,861-$1,371,001
All Other Expenses$213,734$609,154-$822,888
Fees for Services Management-$517,409-$517,409
Other Employee Benefits$159,369$289,801-$449,170
Depreciation Depletion-$334,853-$334,853
Current Officers, Directors, Trustees, and Key Employees-$323,260-$323,260
Insurance$66,506$202,548-$269,054
Pension Plan Contributions$63,924$116,240-$180,164
Other Expenses$140,020$133,722-$140,020
Advertising$165$36,681-$36,846
Travel$9,090$25,732-$34,822
Fees for Services Other$9,385$20,967-$30,352
Total Functional Expenses$1,731,717$4,034,855$0$5,766,572

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,766,572
Total Expenses per Audited Statements$5,766,572
Total Expenses per Form 990$5,766,572
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-THE ENTITY DOING BUSINESS WITH THE ORG. IS >35% CONTROLLED BY A DIRECTOR.Investment and Management Feesinvestment and Management FeesNo$517,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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

Form 990, Part VI, Section A, Line 2

Directors and officers are directors and officers of other entities with each other

Form 990, Part VI, Section A, Line 6

MEMBERS

Form 990, Part VI, Section A, Line 7A

Trustee members elect directors

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

Audit committee received a copy of form 990 before it was filed.

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

Directors abstain from voting if a conflict arises.

Form 990, Part VI, Section B, Line 15

Officers salary approved by compensation committee of the board.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Fenimore Art Museum
EIN
15-0539110
Phone
2129776900
Address
ONE ROCKEFELLER PLAZA 31TH FL, NEW YORK, NY 10020-2102

Signing Officer

Name
Anthony J Fasano
Title
Treasurer
Phone
2129776900
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
PAUL D'AMBROSIO
Formed
1899
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
14
Employees
98
Volunteers
5

Preparer

Firm
The Clark Estates Inc
Address
ONE ROCKEFELLER PLAZA 31ST FLOOR, NEW YORK, NY 10020
Preparer
Ryan Quilty
Phone
2129776900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Professional services: program service expenses 0. Management and general expenses 129,097. Fundraising expenses 0. Total expenses 129,097. Maintenance of buildings: program service expenses 44,726. Management and general expenses 72,808. Fundraising expenses 0. Total expenses 117,534. Professional service and fees getaway: program service expenses 0. Management and general expenses 99,881. Fundraising expenses 0. Total expenses 99,881. Maintenance of equipment: program service expenses 5,513. Management and general expenses 86,694. Fundraising expenses 0. Total expenses 92,207. Cost of merchandise: program service expenses 71,625. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,625. Freight and shipping: program service expenses 49,075. Management and general expenses 162. Fundraising expenses 0. Total expenses 49,237. Printing: program service expenses 1,007. Management and general expenses 32,865. Fundraising expenses 0. Total expenses 33,872. Subscriptions and dues: program service expenses 7,044. Management and general expenses 24,498. Fundraising expenses 0. Total expenses 31,542. Maintenance of grounds: program service expenses 0. Management and general expenses 29,197. Fundraising expenses 0. Total expenses 29,197. Custody fee: program service expenses 11,500. Management and general expenses 16,080. Fundraising expenses 0. Total expenses 27,580. Supplies: program service expenses 13,507. Management and general expenses 11,617. Fundraising expenses 0. Total expenses 25,124. Rental of equipment: program service expenses 785. Management and general expenses 23,826. Fundraising expenses 0. Total expenses 24,611. Vehicles and equipment: program service expenses 0. Management and general expenses 18,386. Fundraising expenses 0. Total expenses 18,386. Board and trustee expenses: program service expenses 0. Management and general expenses 14,571. Fundraising expenses 0. Total expenses 14,571. Minor equipment: program service expenses 3,185. Management and general expenses 10,993. Fundraising expenses 0. Total expenses 14,178. Postage: program service expenses 2,058. Management and general expenses 10,333. Fundraising expenses 0. Total expenses 12,391. Custodial: program service expenses 45. Management and general expenses 12,010. Fundraising expenses 0. Total expenses 12,055. Scholarships and awards: program service expenses 2,279. Management and general expenses 5,832. Fundraising expenses 0. Total expenses 8,111. Telephone: program service expenses 0. Management and general expenses 5,757. Fundraising expenses 0. Total expenses 5,757. Bank custody fees: program service expenses 0. Management and general expenses 4,547. Fundraising expenses 0. Total expenses 4,547. Meetings/ conferences: program service expenses 1,385. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,385.

FORM 990, PART XI, LINE 9:

Collection items purchased -15,660,929. Noncash contriubtions -433,630.

Financial Statement Notes

PART III, LINE 1A:

In conformity with the practice followed by many museums, museum objects and library books and manuscripts are not included on the balance sheet.

PART III, LINE 4:

Collections consist of folk art, native american art and artifacts, books and manuscripts used to present and explain nys and american history.

PART X, LINE 2:

The association is classified for tax purposes as an organization under section 501(c)(3) of the internal revenue code and is exempt from federal income taxes under section 501(a) of the code. The association recognizes income tax positions when it is more likely than not that the position will be sustainable based on the merits of the position. Management has concluded that there are no material tax liabilities that need to be recorded.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Non-cash contributions 433,630.

Raw XML AppendixShowing 400 of 730 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/TitleTxt15DIRECTOR
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