Civic Intelligence

George Eastman Museum

EIN 16-0743991 • 501(c)3 • Rochester, NY

Profile

The mission of the george eastman museum, as an educational institution, has three interrelated goals: -provide leadership in the fields of photography and cinema;-preserve and develop our world class collections of photography and cinema, as well as george eastman's estate, a national historic landmark; and-serve our communities, in greater rochester and elsewhere

900 East AveRochester, NY 14607-2219
Siviq Scores

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

Liabilities / Assets

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

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

Liabilities / Revenue

40th percentile

0.24x

Higher debt load relative to revenue than 40% of similar nonprofits.

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

Net Margin

81st percentile

28%

Higher net margin than 81% of similar nonprofits.

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

Top Officer Pay

26th percentile

$231,553

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

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

Asset Growth

55th percentile

7.2%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

45th percentile

6.7%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Assets

$64,339,469

No earlier filing loaded for comparison.

Liabilities

$3,427,507

No earlier filing loaded for comparison.

Net Assets

$60,911,962

No earlier filing loaded for comparison.

Revenue

$14,339,669

No earlier filing loaded for comparison.

Expenses

$10,371,944

No earlier filing loaded for comparison.

Net Income

$3,967,725

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $50,520,361Liabilities 2010: $539,324Net Assets 2010: $49,981,0372010Assets 2011: $46,370,026Liabilities 2011: $416,884Net Assets 2011: $45,953,1422011Assets 2012: $46,650,300Liabilities 2012: $491,544Net Assets 2012: $46,158,7562012Assets 2013: $49,738,162Liabilities 2013: $554,377Net Assets 2013: $49,183,7852013Assets 2014: $48,882,457Liabilities 2014: $799,265Net Assets 2014: $48,083,1922014Assets 2015: $45,472,395Liabilities 2015: $760,563Net Assets 2015: $44,711,8322015Assets 2016: $44,606,598Liabilities 2016: $904,600Net Assets 2016: $43,701,9982016Assets 2017: $46,730,749Liabilities 2017: $894,168Net Assets 2017: $45,836,5812017Assets 2018: $43,387,052Liabilities 2018: $1,012,801Net Assets 2018: $42,374,2512018Assets 2019: $48,373,408Liabilities 2019: $1,165,851Net Assets 2019: $47,207,5572019Assets 2020: $54,382,657Liabilities 2020: $3,227,948Net Assets 2020: $51,154,7092020Assets 2021: $59,825,841Liabilities 2021: $3,661,134Net Assets 2021: $56,164,7072021Assets 2022: $55,954,650Liabilities 2022: $4,615,363Net Assets 2022: $51,339,2872022Assets 2024: $64,339,469Liabilities 2024: $3,427,507Net Assets 2024: $60,911,9622024

Highlighted filing

2024

Assets$64,339,469
Liabilities$3,427,507
Net Assets$60,911,962

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,724,9022010Expenses 2011: $8,779,4432011Revenue 2012: $6,254,686Expenses 2012: $8,654,662Net Income 2012: -$2,399,9762012Revenue 2013: $7,540,403Expenses 2013: $9,089,895Net Income 2013: -$1,549,4922013Revenue 2014: $8,512,704Expenses 2014: $9,722,515Net Income 2014: -$1,209,8112014Revenue 2015: $7,979,988Expenses 2015: $9,867,179Net Income 2015: -$1,887,1912015Revenue 2016: $8,065,494Expenses 2016: $10,062,338Net Income 2016: -$1,996,8442016Revenue 2017: $8,830,333Expenses 2017: $9,479,376Net Income 2017: -$649,0432017Revenue 2018: $9,836,662Expenses 2018: $9,453,090Net Income 2018: $383,5722018Revenue 2019: $10,090,397Expenses 2019: $9,221,709Net Income 2019: $868,6882019Revenue 2020: $9,775,250Expenses 2020: $8,566,761Net Income 2020: $1,208,4892020Revenue 2021: $12,306,953Expenses 2021: $9,281,907Net Income 2021: $3,025,0462021Revenue 2022: $12,602,150Expenses 2022: $8,979,580Net Income 2022: $3,622,5702022Revenue 2024: $14,339,669Expenses 2024: $10,371,944Net Income 2024: $3,967,7252024

Highlighted filing

2024

Revenue$14,339,669
Expenses$10,371,944
Net Income$3,967,725

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.3$3.43$60.9$14.3$10.4$3.97
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.0$4.62$51.3$12.6$8.98$3.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.8$3.66$56.2$12.3$9.28$3.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.4$3.23$51.2$9.78$8.57$1.21
2019Detailed filing. Detailed filing data is available for this year.$48.4$1.17$47.2$10.1$9.22$0.87
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.4$1.01$42.4$9.84$9.45$0.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.7$0.89$45.8$8.83$9.48$0.65
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.6$0.90$43.7$8.07$10.1$2.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.5$0.76$44.7$7.98$9.87$1.89
2014Detailed filing. Detailed filing data is available for this year.$48.9$0.80$48.1$8.51$9.72$1.21
2013Detailed filing. Detailed filing data is available for this year.$49.7$0.55$49.2$7.54$9.09$1.55
2012Summary only. Only limited summary data is available for this year.$46.7$0.49$46.2$6.25$8.65$2.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.4$0.42$46.0$8.78
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.5$0.54$50.0$8.72
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Dec 14, 2022
Return Version
2019v5.2
Gross Receipts
$18,376,735
Mission and Program Overview

Mission

The mission of the george eastman museum, as a research and educational institution, has three interrelated goals:(continued on schedule o) -provide leadership in the fields of photography and cinema;-preserve and develop our world class collections of photography and cinema, as well as george eastman's estate, a national historic landmark; and-serve our communities, in greater rochester and elsewhere

Founded in 1947, the george eastman museum is the world's oldest photography museum, is home to one of the most significant film archives in the united states, located on the historic rochester estate of entrepreneur and philanthorpist george eastman, the pioneer of popular photography and a leader in the development of motion picutre film. Its holdings comprise of more than 400,000 photographs; 28,000 motion picture films; the world's preeminent collection of photographic and cinematographic technology; one of the leading libraries of books related to photography and cinema; and extensive holdings of documents and other objects related to george eastman. As a research and teaching institution, the museum has an active publishing program and makes critical contributions in the fields of film preservation and photographic conservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$24,289,932$27,671,856▲ $3,381,924
Land, Buildings, and Equipment, Net$6,346,159$7,619,551▲ $1,273,392
Investments Other Securities$6,908,063$6,898,391▼ $9,672
Savings and Temporary Cash Investments$2,932,806$3,626,381▲ $693,575
Pledges and Grants Receivable$2,333,316$2,367,840▲ $34,524
Accounts Receivable$33,986$70,793▲ $36,807
Prepaid Expenses and Deferred Charges$53,203$46,008▼ $7,195
Inventories for Sale or Use$30,015$20,925▼ $9,090
Cash and Non-Interest-Bearing Accounts$1,925$2,000▲ $75
Total Assets$43,387,052$48,373,408▲ $4,986,356
Other Assets Total$457,647$49,663▼ $407,984
Liabilities
Accounts Payable and Accrued Expenses$918,077$847,446▼ $70,631
Deferred Revenue$94,724$318,405▲ $223,681
Total Liabilities$1,012,801$1,165,851▲ $153,050
Net Assets / Fund Balance
Net Assets With Donor Restrictions$35,291,083$39,981,368▲ $4,690,285
Net Assets Without Donor Restrictions$7,083,186$7,226,189▲ $143,003
Total Net Assets Fund Balance$42,374,251$47,207,557▲ $4,833,306
Total Liabilities and Net Assets / Fund Balance$43,387,052$48,373,408▲ $4,986,356

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,793,310$19,947,275$24,740,585
Equipment$1,470,050$6,117,588$7,587,638
Other Land Buildings$1,144,891-$1,144,891
Land$211,300-$211,300
Other Securities$944,044--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$31,197,995$9,500▲ $6,229,174$-2,866,422$34,570,247
2018$42,190,778$506,607▼ $2,156,357$-9,343,033$31,197,995
2017$39,441,967$1,122,094▲ $5,159,801$-3,533,084$42,190,778
2016$37,788,743$1,166,600▲ $1,926,905$-1,440,281$39,441,967
2015$36,804,716$1,071,913▼ $202,319$114,433$37,788,743
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce BarnesDirectorFT$217,235$22,696$239,931
Lisa SeischabVP - DevelopmentFT$145,546$13,020$158,566
Jacqueline DistefanoVP - Finance and OpsFT$131,789$7,435$139,224
Lisa HostetlerCurator In-charge - Dept. of PhotogrFT$109,160$16,342$125,502

Board Members and Trustees

NameTitle
Kevin GavaganChair
Kevin GlazerVice Chair
Steven L SchwartzVice Chair (as of July 2019)
Patrick MontgomeryVice Chair (through July 2019)
Andy SongTrustee
Ann BurrTrustee
Celeste KierTrustee
David C Munson JrTrustee
David KleinTrustee
Deborah WilsonTrustee
Dr Patricia Y Jones BlessmanTrustee
Hc Digby ClementsTrustee
Jack GarnerTrustee
Jeffrey a KorcheckTrustee
Linda ButtrillTrustee
Lisa RolandTrustee
Michael J Cooney EsqTrustee
Nannette NoconTrustee
Nicholas PerletTrustee
Steven J SassonTrustee
Susan S RobfogelTrustee
Terry TaberTrustee
Jonathan SchroederTrustee (through July 2019)
Karen WerthTrustee (through July 2019)
Ronald H FieldingTrustee Emeritus (as of July 2019)
Shari ClementTrustee Ex-officio
Kenneth AfrederickSecretary (as of August 2019)
Daniel M MeyersSecretary (through August 2019)
Christine B WhitmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Postler & JaeckleHvac/systems Maintenance/construction Se615 SOUTH AVE, Rochester, NY 14620-1385$1,258,483
The Pike CompanyContractingONE CIRCLE STREET, Rchester, NY 14607-1007$527,143
Elmer DavisRoofing1217 CLIFFORD AVE, Rochester, NY 14621-0562$124,910
SecuritasSecurity Services1080 UNIVERSITY AVE, Rochester, NY 14607$105,613
Revenue and Support

Revenue Composition

Contributions and Grants
$5,335,713
Program Service Revenue
$1,842,410
Investment Income
$2,399,105
Other Revenue
$513,169
All Other Contributions
$4,953,574
Change in Net Assets
$868,688

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,282,331
Revenue Not Reported on Financial Statements
$-191,934
Revenue Not Reported on Form 990
$3,990,797
Other Revenue Adjustments
$-289,235
Total Revenue per Audited Statements
$14,273,128
Total Revenue per Form 990
$10,090,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,144,245
Other Expenses$4,077,464
Total Fundraising Expense$850,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,205,615$221,409$458,074$3,885,098
Depreciation Depletion$745,329--$745,329
Other Employee Benefits$337,192$48,577$59,609$445,378
All Other Expenses$310,909$77,622$42,124$430,655
Current Officers, Directors, Trustees, and Key Employees-$240,407$108,618$349,025
Office Expenses$277,954$21,003$10,259$309,216
Payroll Taxes$224,820$32,389$39,744$296,953
Fees for Services Other$154,666$24,919-$179,585
Pension Plan Contributions$127,033$18,301$22,457$167,791
Insurance$117,895$17,899$23,261$159,055
Travel$107,765$26,761$5,713$140,239
Other Expenses$80,321$4,350$45,866$130,537
Advertising$95,678$2,395-$98,073
Fees for Service Investment Mgmnt Fees-$97,301-$97,301
Interest-$69,117-$69,117
Fees for Services Legal-$27,732-$27,732
Fees for Services Accounting-$22,400-$22,400
Total Functional Expenses$7,298,846$1,072,024$850,839$9,221,709

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,298,300
Total Expenses per Audited Statements$9,298,300
Total Expenses per Form 990$9,221,709
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-76,591
Other Expense Adjustments$-173,892
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$443,494
Fundraising Direct Expenses$115,343
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Eastman Award$343,231$343,231$39,751$303,480
Nitrate Picture Show$71,840$71,840$45,544$26,296
Total Events$443,494$443,494$115,343$328,151
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 B, Line 11B

Form 990 is reviewed by key members of the audit and finance committees. Copies of the form 990 are made available to board members prior to filing the form.

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

The museum's practice is for the secretary of the board to review the conflict of interest statements on an annual basis prior to any committments.

Form 990, Part VI, Section B, Line 15

Human resource committee members evaluate the compensation of the executive director on an annual basis. A committee designated by the board of trustees reviews the basis for determining the compensation of those individuals that report directly to the executive director. This review considers the comparability of compensation paid for similar positions in like circumstances in similiar institutions.

Form 990, Part VI, Section C, Line 19

Organizational documents are available upon request to the vp of finance and operations.

Form 990 Part VIII Line 7A and 7B

Form 990 is amended december 2022 to add and report actual proceeds (line 7ai) and cost basis (7bi) of investment activity reported in 2019. No change in the amount originally reported on line 7c (gain or (loss)) or line 7d (net gain or (loss)).

Filing and Contact Details

Filer

Filer Name
George Eastman Museum
EIN
16-0743991
Phone
5853274800
Address
900 EAST AVE, ROCHESTER, NY 14607-2219

Signing Officer

Name
Jacqueline Distefano
Title
VP, Finance and Operations
Phone
5853274800
Signed
2022-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacqueline Distefano
Formed
1947
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
24
Employees
137
Volunteers
208

Preparer

Firm
Dejoy Knauf & Blood Llp
Address
280 EAST BROAD STREET SUITE 300, ROCHESTER, NY 14604
Preparer
Timothy P Thaney CPA
Phone
5855461840
Supplemental Narrative

Additional Explanations

Form 990 Page 1 G Gross Receipts

Form 990 is amended december 2022 to report actual gross receipts as a result of adding line 7ai (gross amounts from sales of assets other than inventory).

FORM 990, PART XI, LINE 9:

Collection items not capitalized -141,522. Special events 115,343.

Financial Statement Notes

PART III, LINE 1A:

Museum collections - the museum's collections, acquired through purchase and donation, are not recognized as assets in the accompanying statement of financial position. Contributions restricted by donors for the purchase of items for the collections are classified as with donor restrictions until acquisitions are made in accordance with the terms of the gifts. Purchases of collection items are recorded in the year in which the items were acquired as decreases in net assets with donor restrictions, and reported as collection acquisitions not capitalized within the statement of activities and change in net assets. Generally accepted accounting principles require not-for-profit organizations to recognize the cost of depreciating tangible assets. However, certain works of art and historical treasures need not be depreciated if their cultural, aesthetic and historical value extends over extraordinarily long periods. In accordance with this guidance, the museum recognizes depreciation on all tangible assets, with the exception of the original buildings and furnishings and the remaining items comprising the collections, all of which are defined as historical treasures. The museum carries insurance of $20,000,000 against losses on the collections, which management believes are irreplaceable.

PART III, LINE 4:

Collections and exhibitions: the museum is home to the world's most significant collection of photographs, motion pictures and related technological equipment and library holdings, as well as the george eastman legacy collections.

PART V, LINE 4:

Endowment funds are used to support a variety of activities of the george eastman museum based on the donor's request.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Museum store & cafe cost of goods sold -173,892. Special events -115,343.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Museum store & cafe cost of goods sold -173,892.

Raw XML AppendixShowing 400 of 834 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/ActivityOrMissionDesc0FOUNDED IN 1947, THE GEORGE EASTMAN MUSEUM IS THE WORLD'S OLDEST PHOTOGRAPHY MUSEUM, IS HOME TO ONE OF THE MOST SIGNIFICANT FILM ARCHIVES IN THE UNITED STATES, LOCATED ON THE HISTORIC ROCHESTER ESTATE OF ENTREPRENEUR AND PHILANTHORPIST GEORGE EASTMAN, THE PIONEER OF POPULAR PHOTOGRAPHY AND A LEADER IN THE DEVELOPMENT OF MOTION PICUTRE FILM. ITS HOLDINGS COMPRISE OF MORE THAN 400,000 PHOTOGRAPHS; 28,000 MOTION PICTURE FILMS; THE WORLD'S PREEMINENT COLLECTION OF PHOTOGRAPHIC AND CINEMATOGRAPHIC TECHNOLOGY; ONE OF THE LEADING LIBRARIES OF BOOKS RELATED TO PHOTOGRAPHY AND CINEMA; AND EXTENSIVE HOLDINGS OF DOCUMENTS AND OTHER OBJECTS RELATED TO GEORGE EASTMAN. AS A RESEARCH AND TEACHING INSTITUTION, THE MUSEUM HAS AN ACTIVE PUBLISHING PROGRAM AND MAKES CRITICAL CONTRIBUTIONS IN THE FIELDS OF FILM PRESERVATION AND PHOTOGRAPHIC CONSERVATION.
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