Civic Intelligence

Hudson Mohawk Industrial Gateway

990 • Fiscal year 2016 • EIN 23-7269676

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

1 East Industrial ParkwayTroy, NY 12180-5942

(518) 274-5267

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

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

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

11th percentile

0.00x

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

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Net Margin

6th percentile

-60%

Higher net margin than 6% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-36%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,045,032

Down $177,144 (-14%) from 2015

Net Assets

Down

$1,045,029

Down $152,219 (-13%) from 2015

Liabilities

Down

$3

Down $24,925 (-100%) from 2015

Revenue

Down

$102,574

Down $57,092 (-36%) from 2015

Expenses

Down

$164,007

Down $11,221 (-6.4%) from 2015

Net Income

Down

-$61,433

Down $45,871 (-295%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,530,994Liabilities 2010: $353,109Net Assets 2010: $1,177,8852010Assets 2012: $1,331,105Liabilities 2012: $25,589Net Assets 2012: $1,305,5162012Assets 2013: $1,234,200Liabilities 2013: $13,527Net Assets 2013: $1,220,6732013Assets 2014: $1,226,177Liabilities 2014: $10,008Net Assets 2014: $1,216,1692014Assets 2015: $1,222,176Liabilities 2015: $24,928Net Assets 2015: $1,197,2482015Assets 2016: $1,045,032Liabilities 2016: $3Net Assets 2016: $1,045,0292016Assets 2017: $1,110,662Liabilities 2017: $25Net Assets 2017: $1,110,6372017Assets 2018: $1,046,480Liabilities 2018: $7Net Assets 2018: $1,046,4732018Assets 2019: $968,970Liabilities 2019: $3Net Assets 2019: $968,9672019Assets 2020: $929,528Liabilities 2020: $10,002Net Assets 2020: $919,5262020Assets 2021: $954,912Liabilities 2021: $88Net Assets 2021: $954,8242021Assets 2022: $687,471Liabilities 2022: $88Net Assets 2022: $687,3832022Assets 2023: $732,455Liabilities 2023: $88Net Assets 2023: $732,3672023Assets 2024: $1,155,218Liabilities 2024: $234Net Assets 2024: $1,154,9842024

Highlighted filing

2016

Assets$1,045,032
Liabilities$3
Net Assets$1,045,029

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $436,7572010Expenses 2012: $108,8072012Revenue 2013: $139,738Expenses 2013: $153,552Net Income 2013: -$13,8142013Revenue 2014: $158,728Expenses 2014: $158,122Net Income 2014: $6062014Revenue 2015: $159,666Expenses 2015: $175,228Net Income 2015: -$15,5622015Revenue 2016: $102,574Expenses 2016: $164,007Net Income 2016: -$61,4332016Revenue 2017: $254,587Expenses 2017: $188,993Net Income 2017: $65,5942017Revenue 2018: $93,891Expenses 2018: $158,055Net Income 2018: -$64,1642018Revenue 2019: $145,164Expenses 2019: $222,670Net Income 2019: -$77,5062019Revenue 2020: $82,503Expenses 2020: $131,944Net Income 2020: -$49,4412020Revenue 2021: $193,839Expenses 2021: $168,541Net Income 2021: $25,2982021Revenue 2022: $182,482Expenses 2022: $449,923Net Income 2022: -$267,4412022Revenue 2023: $244,944Expenses 2023: $199,960Net Income 2023: $44,9842023Revenue 2024: $501,875Expenses 2024: $117,822Net Income 2024: $384,0532024

Highlighted filing

2016

Revenue$102,574
Expenses$164,007
Net Income-$61,433
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$111,898
Mission and Program Overview

Mission

Industrial heritage education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$886,478$798,194▼ $88,284
Savings and Temporary Cash Investments$165,305$165,969▲ $664
Pledges and Grants Receivable$32,142$42,765▲ $10,623
Cash and Non-Interest-Bearing Accounts$13,805$19,235▲ $5,430
Investments in Publicly Traded Securities-$10,004-
Inventories for Sale or Use$6,567$6,417▼ $150
Prepaid Expenses and Deferred Charges$1,918$2,168▲ $250
Total Assets$1,106,495$1,045,032▼ $61,463
Other Assets Total$280$280→ $0
Liabilities
Accounts Payable and Accrued Expenses$33$3▼ $30
Total Liabilities$33$3▼ $30
Net Assets / Fund Balance
Unrestricted Net Assets$930,123$842,498▼ $87,625
Temporarily Rstr Net Assets$125,640$151,042▲ $25,402
Permanently Rstr Net Assets$50,699$51,489▲ $790
Total Net Assets Fund Balance$1,106,462$1,045,029▼ $61,433
Total Liabilities and Net Assets / Fund Balance$1,106,495$1,045,032▼ $61,463

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$678,623$425,784-
Land$50,000--
Equipment$69,571$153,661-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$50,699$790--$51,489
2015$50,379$320--$50,699
2014$44,489$5,890--$50,379
2013$39,977$4,512--$44,489
2012$39,977---$39,977
Compensation and Service Providers

Board Members and Trustees

NameTitle
William SkerrittBoard President
William ProutVice President
Atsushi AkeraBoard Member
David GrimmBoard Member
Dean LeithBoard Member
Douglas BaldreyBoard Member
Eric DisarroBoard Member
Fredrick AlmBoard Member
Gretchen ArmlinBoard Member
Jane SmithBoard Member
Jean HowardBoard Member
Rosemary NicholsBoard Member
Allen CluettBoard Secretary
Pthomas CarrollBoard Treasurer
Steve MullerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$69,052
Program Service Revenue
$7,511
Investment Income
$1,678
Other Revenue
$24,333
All Other Contributions
$41,317
Change in Net Assets
$-61,433

Audited Revenue Reconciliation

Revenue per Audited Statements
$102,574
Total Revenue per Audited Statements
$102,574
Total Revenue per Form 990
$102,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,629
Salaries, Compensation, and Employee Benefits$44,878
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$88,283$0$0$88,283
Current Officers, Directors, Trustees, and Key Employees$5,929$35,571$0$41,500
Occupancy$5,047$3,364$0$8,411
Other Expenses$2,513$2,951$0$5,464
Insurance$0$4,879$0$4,879
Advertising$4,701$0$0$4,701
Payroll Taxes$483$2,895$0$3,378
Grants to Domestic Orgs$2,500--$2,500
Office Expenses$302$97$0$399
All Other Expenses$161$0$0$161
Payments to Affiliates$51$0$0$51
Total Functional Expenses$112,984$51,023$0$164,007

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$164,007
Total Expenses per Audited Statements$164,007
Total Expenses per Form 990$164,007
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,457
Fundraising Direct Expenses$9,174
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Dinner$26,457$26,457$12,769$13,688
Total Events$26,457$26,457$12,769$13,688
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hudson Mohawk Industrial Gateway
EIN
23-7269676
Phone
5182745267
Address
1 EAST INDUSTRIAL PARKWAY, TROY, NY 12180-5942

Signing Officer

Name
Michael Barrett
Title
Executive Director
Phone
5182745267
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Barrett
Formed
1972
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
20

Preparer

Firm
Stark & Basila CPAs PC
Address
132 Mohawk Street, Cohoes, NY 12047
Preparer
Marie E Stark
Phone
5182373641
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is reviewed by the board president before filing.

Pt VI, Line 15A

Compensation is determined based on comparable positions in similar sized organizations.

Pt VI, Line 15B

Compensation is determined based on comparable positions in similar sized organizations.

Pt VI, Line 19

The 990 is available to anyone upon request.

Pt XI

The finance committee reviews and recommends approval to the Full Board.

Form 990, Part IX, Line 24E

Miscellaneous 161. 161. 0. 0.

Financial Statement Notes

Pt III, Line 4

The organization maintains a museum which contains examples of objects manufactured in the city throughout the 19th century.

Pt V, Line 4

To protect the preservation of the Burden Ironworks museum and its collections and the viability of the entity as a whole.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/OtherExpensesGrp/Desc3Contract Services
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IRS990/OtherExpensesGrp/TotalAmt21876
IRS990/OtherExpensesGrp/TotalAmt35464
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/FundraisingAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02168
IRS990/PrincipalOfficerNm0MICHAEL BARRETT
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0TOURS AND EDUATIONAL PROGRAMS
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IRS990/PYSalariesCompEmpBnftPaidAmt068341
IRS990/PYTotalExpensesAmt0175228
IRS990/PYTotalRevenueAmt0159666
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-61433
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06900
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0165305
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IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0425784
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01104407
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt050379
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt039977
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IRS990ScheduleD/EquipmentGrp/BookValueAmt069571
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0153661
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IRS990ScheduleD/ExpensesSubtotalAmt0164007
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt050000
IRS990ScheduleD/RevenueSubtotalAmt0102574
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization maintains a museum which contains examples of objects manufactured in the city throughout the 19th century.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.15$0.50$0.12$0.38
2023Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.24$0.20$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.18$0.45$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.19$0.17$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.01$0.92$0.08$0.13$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$0.15$0.22$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.09$0.16$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.25$0.19$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.10$0.16$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.02$1.20$0.16$0.18$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.01$1.22$0.16$0.16$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.23$0.01$1.22$0.14$0.15$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.03$1.31$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.35$1.18$0.44