Civic Intelligence

Liberty Hall Museum Inc

EIN 20-8670825 • 501(c)3 • Union, NJ

Profile

Maintain historic house museum in order to educate the public on the history of new jersey and one of new jersey's first families.

1003 Morris AveUnion, NJ 07083

www.kean.edu/LIBERTYHALL

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.07x

Higher debt load relative to revenue than 38% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Source year 2024

Net Margin

58th percentile

13%

Higher net margin than 58% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

41st percentile

$85,500

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

NTEE A • $5M-$10M nonprofits • Source year 2024

Asset Growth

52nd percentile

4.3%

Faster asset growth than 52% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

24%

Faster revenue growth than 64% of similar nonprofits.

NTEE A • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,892,670

Up $242,920 (+4.3%) from 2023

Liabilities

Up

$117,071

Up $6,763 (+6.1%) from 2023

Net Assets

Up

$5,775,599

Up $236,157 (+4.3%) from 2023

Revenue

Up

$1,670,449

Up $326,400 (+24%) from 2023

Expenses

Up

$1,452,237

Up $151,370 (+12%) from 2023

Net Income

Up

$218,212

Up $175,030 (+405%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,172,691Liabilities 2010: $118,936Net Assets 2010: $1,053,7552010Assets 2011: $1,175,338Liabilities 2011: $109,375Net Assets 2011: $1,065,9632011Assets 2012: $1,498,969Liabilities 2012: $129,793Net Assets 2012: $1,369,1762012Assets 2013: $1,923,381Liabilities 2013: $93,006Net Assets 2013: $1,830,3752013Assets 2014: $2,037,436Liabilities 2014: $88,619Net Assets 2014: $1,948,8172014Assets 2015: $4,366,026Liabilities 2015: $174,600Net Assets 2015: $4,191,4262015Assets 2016: $4,260,766Liabilities 2016: $69,558Net Assets 2016: $4,191,2082016Assets 2017: $5,298,109Liabilities 2017: $445,534Net Assets 2017: $4,852,5752017Assets 2018: $4,949,970Liabilities 2018: $195,259Net Assets 2018: $4,754,7112018Assets 2019: $5,512,699Liabilities 2019: $85,035Net Assets 2019: $5,427,6642019Assets 2020: $5,562,851Liabilities 2020: $105,822Net Assets 2020: $5,457,0292020Assets 2021: $5,579,228Liabilities 2021: $90,786Net Assets 2021: $5,488,4422021Assets 2022: $5,583,562Liabilities 2022: $66,251Net Assets 2022: $5,517,3112022Assets 2023: $5,649,750Liabilities 2023: $110,308Net Assets 2023: $5,539,4422023Assets 2024: $5,892,670Liabilities 2024: $117,071Net Assets 2024: $5,775,5992024

Highlighted filing

2024

Assets$5,892,670
Liabilities$117,071
Net Assets$5,775,599

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,141,6522010Revenue 2011: $1,081,164Expenses 2011: $1,068,956Net Income 2011: $12,2082011Revenue 2012: $1,324,871Expenses 2012: $1,021,657Net Income 2012: $303,2142012Revenue 2013: $1,711,664Expenses 2013: $1,250,465Net Income 2013: $461,1992013Revenue 2014: $1,212,302Expenses 2014: $1,093,860Net Income 2014: $118,4422014Revenue 2015: $1,101,037Expenses 2015: $1,116,471Net Income 2015: -$15,4342015Revenue 2016: $1,109,258Expenses 2016: $1,111,787Net Income 2016: -$2,5292016Revenue 2017: $2,046,320Expenses 2017: $1,377,190Net Income 2017: $669,1302017Revenue 2018: $978,553Expenses 2018: $1,075,296Net Income 2018: -$96,7432018Revenue 2019: $1,272,006Expenses 2019: $599,893Net Income 2019: $672,1132019Revenue 2020: $992,308Expenses 2020: $957,059Net Income 2020: $35,2492020Revenue 2021: $993,499Expenses 2021: $977,430Net Income 2021: $16,0692021Revenue 2022: $1,239,385Expenses 2022: $1,214,055Net Income 2022: $25,3302022Revenue 2023: $1,344,049Expenses 2023: $1,300,867Net Income 2023: $43,1822023Revenue 2024: $1,670,449Expenses 2024: $1,452,237Net Income 2024: $218,2122024

Highlighted filing

2024

Revenue$1,670,449
Expenses$1,452,237
Net Income$218,212

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.89$0.12$5.78$1.67$1.45$0.22
2023Summary only. Only limited summary data is available for this year.$5.65$0.11$5.54$1.34$1.30$0.04
2022Summary only. Only limited summary data is available for this year.$5.58$0.07$5.52$1.24$1.21$0.03
2021Summary only. Only limited summary data is available for this year.$5.58$0.09$5.49$0.99$0.98$0.02
2020Summary only. Only limited summary data is available for this year.$5.56$0.11$5.46$0.99$0.96$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.51$0.09$5.43$1.27$0.60$0.67
2018Summary only. Only limited summary data is available for this year.$4.95$0.20$4.75$0.98$1.08$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$0.45$4.85$2.05$1.38$0.67
2016Summary only. Only limited summary data is available for this year.$4.26$0.07$4.19$1.11$1.11$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.37$0.17$4.19$1.10$1.12$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.04$0.09$1.95$1.21$1.09$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.92$0.09$1.83$1.71$1.25$0.46
2012Summary only. Only limited summary data is available for this year.$1.50$0.13$1.37$1.32$1.02$0.30
2011Summary only. Only limited summary data is available for this year.$1.18$0.11$1.07$1.08$1.07$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.12$1.05$1.14
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
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$1,288,278
Mission and Program Overview

Mission

Maintain historic house museum in order to educate the public on the history of new jersey and one of new jersey's first families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,164,585$1,454,097▲ $289,512
Land, Buildings, and Equipment, Net$1,282,111$1,389,828▲ $107,717
Cash and Non-Interest-Bearing Accounts$324,955$528,055▲ $203,100
Pledges and Grants Receivable$16,859$0▼ $16,859
Prepaid Expenses and Deferred Charges$56$4,448▲ $4,392
Accounts Receivable$0$0→ $0
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
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,949,970$5,512,699▲ $562,729
Other Assets Total$2,161,404$2,136,271▼ $25,133
Liabilities
Accounts Payable and Accrued Expenses$192,879$79,285▼ $113,594
Deferred Revenue$2,380$5,750▲ $3,370
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
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$195,259$85,035▼ $110,224
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,347,545$3,027,996▲ $680,451
Net Assets With Donor Restrictions$2,407,166$2,399,668▼ $7,498
Total Net Assets Fund Balance$4,754,711$5,427,664▲ $672,953
Total Liabilities and Net Assets / Fund Balance$4,949,970$5,512,699▲ $562,729

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,287,707$495,410$1,783,117
Other Land Buildings$85,247-$85,247
Equipment$16,874$6,492$23,366
Other Assets Org$2,136,271--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$790,522
Program Service Revenue
$130,137
Investment Income
$351,347
Other Revenue
$0
All Other Contributions
$758,872
Change in Net Assets
$672,113

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$98,752Fair Market Value (FMV)
Total Noncash Contributions1$98,752-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,270,195
Revenue Not Reported on Financial Statements
$1,811
Revenue Not Reported on Form 990
$247,895
Total Revenue per Audited Statements
$1,518,090
Total Revenue per Form 990
$1,272,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$387,495
Salaries, Compensation, and Employee Benefits$212,398
Total Fundraising Expense$5,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,920$48,465$1,269$192,654
Depreciation Depletion$72,230$3,802-$76,032
Occupancy$43,141$2,783$723$46,647
Insurance$37,663$5,317$1,329$44,309
Fees for Services Accounting-$23,661-$23,661
Other Expenses$84,007$16,859-$16,859
Office Expenses$12,495$1,470$1,635$15,600
Fees for Services Legal-$13,476-$13,476
Payroll Taxes$9,498$3,221$84$12,803
Other Employee Benefits$5,149$1,746$46$6,941
Travel-$2,025-$2,025
Fees for Service Investment Mgmnt Fees-$1,811-$1,811
Advertising$258--$258
Total Functional Expenses$466,668$128,139$5,086$599,893

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$845,137
Total Expenses per Form 990$599,893
Expenses per Audited Statements$598,082
Expenses Not Reported on Form 990$247,055
Expenses Not Reported on Financial Statements$1,811
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,272
Fundraising Gross Income$16,272
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event$44,854$16,272$16,272$0
Total Events$44,854$16,272$16,272-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

JOHN KEAN and PAMELA KEAN - familial relationship ROBERT RaYNOLDS and JOHN KEAN - familial relationship JOHN KEAN, JR. and JOHN KEAN - familial relationship

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

Form 990 is provided to the board with ample time to review prior to filing.

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

The museum monitors and enforces compliance with conflict of interest policy through discussion at board meetings. The museum board is also required to sign a conflict of interest policy.

Form 990, Part VI, Section B, Line 15A and 15B

All compensation decisions are discussed in detail amongst the board members prior to making a decision.

Form 990, Part VI, Section C, Line 19

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

Part VI, Section A, line 7A

Liberty Hall Foundation, Inc. and Kean University each can appoint the board members of the Museum per the bylaws.

Filing and Contact Details

Filer

Filer Name
Liberty Hall Museum Inc
EIN
20-8670825
In Care Of
% RICHARD J O'NEILL
Phone
9085270400
Address
1003 MORRIS AVE, UNION, NJ 07083

Signing Officer

Name
John Kean Jr
Title
trustee
Phone
9085270400
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Kean Jr
Formed
2007
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
18
Volunteers
100

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Catherine Bendall
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

The Museum is a not-for-profit organization exempt from Federal income taxes pursuant to the provisions of Section 501(c)(3) of the Internal Revenue Code and from New Jersey State income taxes under applicable state law. Accordingly, no provision for Federal or state income taxes has been recorded in the statements of activities and changes in net assets. Management has determined that there are no uncertain tax positions at the Museum as of December 31, 2019. The Museum has no income tax related penalties or interest for the periods reported in these financial statements.

Raw XML AppendixShowing 400 of 583 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.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0192879
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IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MAINTAIN HISTORIC HOUSE MUSEUM IN ORDER TO EDUCATE THE PUBLIC ON THE HISTORY OF NEW JERSEY AND ONE OF NEW JERSEY'S FIRST FAMILIES.
IRS990/AdvertisingGrp/ProgramServicesAmt0258
IRS990/AdvertisingGrp/TotalAmt0258
IRS990/AllOtherContributionsAmt0758872
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IRS990/AuditCommitteeInd0true
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IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0RICHARD J O'NEILL
IRS990/BooksInCareOfDetail/PhoneNum09085270400
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IRS990/ConsolidatedAuditFinclStmtInd0true
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IRS990/CreditCounselingInd0false
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IRS990/CYProgramServiceRevenueAmt0130137
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01272006
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt02380
IRS990/DeferredRevenueGrp/EOYAmt05750
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03802
IRS990/DepreciationDepletionGrp/ProgramServicesAmt072230
IRS990/DepreciationDepletionGrp/TotalAmt076032
IRS990/Desc0APPROXIMATELY 25,000 VISITORS ATTENDED THE MUSEUM DURING 2019, INCLUDING WEEKLY SCHOOL GROUPS. BENEFITS VISiTING THE MUSEUM INCLUDE A TOUR OF ONE OF NEW JERSEY'S OLDEST PRESERVED HOMES, GROUNDS, OUTBUILDINGS AND NUMEROUS HISTORICAL ARTIFACTS DISPLAYED WITHIN THE MUSEUM. ADDITIONAL BENEFITS INCLUDE, BUT ARE NOT LIMITED TO, TEA PARTIES FOR ADULTS, LECTUREs ON VARIOUS TopICS, EDUCATIONAL FILMS, AND GUEST SPEAKERS.
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
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IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN KEAN
IRS990/Form990PartVIISectionAGrp/PersonNm1DR DAWOOD FARAHI
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT RAYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN KEAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm4JOEL D SIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm5AUDREY M KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHARD O'NEILL
IRS990/Form990PartVIISectionAGrp/PersonNm7PAMELA KEAN
IRS990/Form990PartVIISectionAGrp/PersonNm8PATTY FASTOOK
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