Civic Intelligence

Finger Lakes Boating Museum Inc

EIN 16-1542277 • 501(c)3 • Hammondsport, NY

Profile

To collect, preserve, and interpret objects related to boating and boating history originating in or otherwise associated with the finger lakes region. Also, to research, document, and disseminate information on boats, boating and boating history originating in or otherwise associated with the finger lakes region.

8231 Pleasant Valley RoadHammondsport, NY 14840

www.flbm.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.22x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.94x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

59th percentile

9.2%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $1M-$5M 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

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,157,013

Up $239,203 (+12%) from 2023

Liabilities

Up

$463,793

Up $178,413 (+63%) from 2023

Net Assets

Up

$1,693,220

Up $60,790 (+3.7%) from 2023

Revenue

Down

$492,302

Down $68,155 (-12%) from 2023

Expenses

Up

$447,054

Up $28,853 (+6.9%) from 2023

Net Income

Down

$45,248

Down $97,008 (-68%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $131,157Net Assets 2013: $131,1572013Assets 2014: $642,798Liabilities 2014: $133,297Net Assets 2014: $509,5012014Assets 2015: $797,902Liabilities 2015: $272,378Net Assets 2015: $525,5242015Assets 2016: $933,556Liabilities 2016: $306,760Net Assets 2016: $626,7962016Assets 2017: $1,162,494Liabilities 2017: $249,702Net Assets 2017: $912,7922017Assets 2018: $1,265,208Liabilities 2018: $305,981Net Assets 2018: $959,2272018Assets 2019: $1,374,319Liabilities 2019: $274,597Net Assets 2019: $1,099,7222019Assets 2020: $1,468,492Liabilities 2020: $216,377Net Assets 2020: $1,252,1152020Assets 2021: $1,652,760Liabilities 2021: $234,831Net Assets 2021: $1,417,9292021Assets 2022: $1,803,086Liabilities 2022: $312,912Net Assets 2022: $1,490,1742022Assets 2023: $1,917,810Liabilities 2023: $285,380Net Assets 2023: $1,632,4302023Assets 2024: $2,157,013Liabilities 2024: $463,793Net Assets 2024: $1,693,2202024

Highlighted filing

2024

Assets$2,157,013
Liabilities$463,793
Net Assets$1,693,220

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2013: $140,487Expenses 2013: $36,124Net Income 2013: $104,3632013Revenue 2014: $484,342Expenses 2014: $105,997Net Income 2014: $378,3452014Revenue 2015: $197,131Expenses 2015: $181,108Net Income 2015: $16,0232015Revenue 2016: $313,134Expenses 2016: $211,862Net Income 2016: $101,2722016Revenue 2017: $573,948Expenses 2017: $287,952Net Income 2017: $285,9962017Revenue 2018: $303,808Expenses 2018: $257,373Net Income 2018: $46,4352018Revenue 2019: $459,278Expenses 2019: $318,783Net Income 2019: $140,4952019Revenue 2020: $505,142Expenses 2020: $352,749Net Income 2020: $152,3932020Revenue 2021: $632,589Expenses 2021: $466,775Net Income 2021: $165,8142021Revenue 2022: $518,532Expenses 2022: $446,287Net Income 2022: $72,2452022Revenue 2023: $560,457Expenses 2023: $418,201Net Income 2023: $142,2562023Revenue 2024: $492,302Expenses 2024: $447,054Net Income 2024: $45,2482024

Highlighted filing

2024

Revenue$492,302
Expenses$447,054
Net Income$45,248

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.46$1.69$0.49$0.45$0.05
2023Summary only. Only limited summary data is available for this year.$1.92$0.29$1.63$0.56$0.42$0.14
2022Summary only. Only limited summary data is available for this year.$1.80$0.31$1.49$0.52$0.45$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.23$1.42$0.63$0.47$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.22$1.25$0.51$0.35$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.27$1.10$0.46$0.32$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.31$0.96$0.30$0.26$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.25$0.91$0.57$0.29$0.29
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.31$0.63$0.31$0.21$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.80$0.27$0.53$0.20$0.18$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.13$0.51$0.48$0.11$0.38
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.14$0.04$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.2
Gross Receipts
$497,217
Mission and Program Overview

Mission

To collect, preserve, and interpret objects related to boating and boating history originating in or otherwise associated with the finger lakes region. Also, to research, document, and disseminate information on boats, boating and boating history originating in or otherwise associated with the finger lakes region.

To collect, preserve and interpret objects related to boating and boating originating in or otherwise associated with the finger lakes region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,387,699$1,447,778▲ $60,079
Savings and Temporary Cash Investments$274,321$514,171▲ $239,850
Cash and Non-Interest-Bearing Accounts$202,885$117,483▼ $85,402
Pledges and Grants Receivable$31,154$58,663▲ $27,509
Inventories for Sale or Use$12,916$12,883▼ $33
Prepaid Expenses and Deferred Charges$8,835$6,035▼ $2,800
Total Assets$1,917,810$2,157,013▲ $239,203
Liabilities
Deferred Revenue$279,312$453,049▲ $173,737
Accounts Payable and Accrued Expenses$6,068$10,744▲ $4,676
Total Liabilities$285,380$463,793▲ $178,413
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,605,077$1,650,164▲ $45,087
Net Assets With Donor Restrictions$27,353$43,056▲ $15,703
Total Net Assets Fund Balance$1,632,430$1,693,220▲ $60,790
Total Liabilities and Net Assets / Fund Balance$1,917,810$2,157,013▲ $239,203

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,175,321$320,636$1,495,957
Land$174,022-$174,022
Leasehold Improvements$98,435$5,181$103,616
Equipment-$14,820$14,820

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$27,907-▲ $18,473-$46,380
2023$22,264-▲ $5,643-$27,907
2022$27,993-▼ $5,729-$22,264
2021$25,757-▲ $2,236-$27,993
2020$25,642-▲ $115-$25,757
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kara CalderExecutive DirectorFT$75,000$75,000

Board Members and Trustees

NameTitle
Dave BornholdtPresident
John RuddVice President
-Trustee
Bernie BurnsTrustee
Duncan SpringsteadTrustee
Ed WightmanTrustee
Jim MooreTrustee
Maggie CoffeyTrustee
Murray HestleyTrustee
Pam BornholdtTrustee
Phil WalkerTrustee
Bernie BurnsMember at Large
Kathy VenemaSecretary
Laura ChandlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$247,034
Program Service Revenue
$220,502
Investment Income
$11,407
Other Revenue
$13,359
All Other Contributions
$167,534
Change in Net Assets
$45,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,839
Salaries, Compensation, and Employee Benefits$200,215
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,374$9,819-$98,193
Current Officers, Directors, Trustees, and Key Employees$67,500$7,500-$75,000
Occupancy$62,797$6,978-$69,775
Depreciation Depletion$39,183$4,354-$43,537
Insurance$33,479$3,720-$37,199
Payroll Taxes$22,637$2,515-$25,152
All Other Expenses$22,262--$22,262
Office Expenses$19,845$2,205-$22,050
Other Expenses$13,556--$13,556
Advertising$9,683--$9,683
Fees for Services Other-$4,731-$4,731
Fees for Services Accounting-$2,100-$2,100
Pension Plan Contributions$1,683$187-$1,870
Total Functional Expenses$402,945$44,109$0$447,054
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Other officer compensation reviewed
No
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 SECTION B, Line LINE 12C

A conflict of interest statement is completed annually.

Form 990, Part VI, Section SECTION C, Line LINE 19

Documents are made available upon request with a nominal copying fee

Filing and Contact Details

Filer

Filer Name
Finger Lakes Boating Musuem Inc
EIN
16-1542277
Phone
6075692222
Address
8231 PLEASANT VALLEY ROAD, Hammondsport, NY 14840

Signing Officer

Name
Laura Chandler
Title
Treasurer
Phone
6075692222
Signed
2025-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Chandler
Formed
1997
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
15
Volunteers
98

Preparer

Firm
Theodore a Purvis CPA
Address
15 RUMSON ROAD, AMHERST, NY 14228
Preparer
Theodore a Purvis
Phone
7168642503
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Description of organization mission in or otherwise associated with the finger lakes region. Also, to research, document, and disseminate information on boats, boating and boating history originating in or otherwise associated with the finger lakes region.

Form 990, Part III, Line 1

Description of organizatoin mission associated with the finger lakes region.

Form 990, Part IV, Section SECTION B, Line 11B

A copy of form 990 is provided to the board for review. It is providedelectroncially for inspection, questions and any necessary revisions prior to filing.

Form 990, Part XII, Line LINE 2C

No changes from the prior year.

Form 990, Part XI, Line 9

Difference in income per financial statements and tax return due to different depreciation policies and methods.

Raw XML AppendixShowing 400 of 500 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/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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