Civic Intelligence

Historic Palmyra Inc.

990 • Fiscal year 2015 • EIN 23-7443013

Jun 01, 2014 to May 31, 2015 • Filed on Apr 14, 2016

132 Market StPalmyra, NY 14522

(315) 597-6981

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Net Margin

7th percentile

-55%

Higher net margin than 7% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

52nd percentile

$9,047

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Asset Growth

31st percentile

-3.7%

Faster asset growth than 31% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-29%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$924,093

Down $35,977 (-3.7%) from 2014

Net Assets

Down

$923,336

Down $35,977 (-3.8%) from 2014

Liabilities

Flat

$757

Flat from 2014

Revenue

Down

$65,922

Down $27,204 (-29%) from 2014

Expenses

Up

$101,899

Up $23,143 (+29%) from 2014

Net Income

Down

-$35,977

Down $50,347 (-350%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $938,750Liabilities 2012: $757Net Assets 2012: $937,9932012Assets 2013: $945,700Liabilities 2013: $757Net Assets 2013: $944,9432013Assets 2014: $960,070Liabilities 2014: $757Net Assets 2014: $959,3132014Assets 2015: $924,093Liabilities 2015: $757Net Assets 2015: $923,3362015Assets 2016: $955,308Liabilities 2016: $757Net Assets 2016: $954,5512016Assets 2017: $961,744Liabilities 2017: $757Net Assets 2017: $960,9872017Assets 2018: $937,987Liabilities 2018: $757Net Assets 2018: $937,2302018Assets 2019: $894,808Liabilities 2019: $757Net Assets 2019: $894,0512019Assets 2020: $900,926Liabilities 2020: $757Net Assets 2020: $900,1692020Assets 2021: $888,394Liabilities 2021: $78,785Net Assets 2021: $809,6092021Assets 2022: $888,897Liabilities 2022: $98,836Net Assets 2022: $790,0612022Assets 2023: $797,493Liabilities 2023: $72,524Net Assets 2023: $724,9692023Assets 2024: $858,270Liabilities 2024: $68,960Net Assets 2024: $789,3102024

Highlighted filing

2015

Assets$924,093
Liabilities$757
Net Assets$923,336

Operations Trend

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

$200K$100K$0-$100KExpenses 2012: $70,4382012Expenses 2013: $78,9832013Revenue 2014: $93,126Expenses 2014: $78,756Net Income 2014: $14,3702014Revenue 2015: $65,922Expenses 2015: $101,899Net Income 2015: -$35,9772015Revenue 2016: $113,430Expenses 2016: $82,215Net Income 2016: $31,2152016Revenue 2017: $122,680Expenses 2017: $116,244Net Income 2017: $6,4362017Revenue 2018: $118,471Expenses 2018: $142,228Net Income 2018: -$23,7572018Revenue 2019: $75,931Expenses 2019: $119,110Net Income 2019: -$43,1792019Revenue 2020: $108,774Expenses 2020: $102,656Net Income 2020: $6,1182020Revenue 2021: $48,793Expenses 2021: $139,353Net Income 2021: -$90,5602021Revenue 2022: $119,331Expenses 2022: $138,879Net Income 2022: -$19,5482022Revenue 2023: $70,467Expenses 2023: $157,441Net Income 2023: -$86,9742023Revenue 2024: $135,713Expenses 2024: $166,040Net Income 2024: -$30,3272024

Highlighted filing

2015

Revenue$65,922
Expenses$101,899
Net Income-$35,977
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Apr 14, 2016
Return Version
2014v6.0
Gross Receipts
$77,361
Mission and Program Overview

Mission

To promote education and historical research regarding the early history of Palmyra NY and to gather and preserve historical artifacts antiques and property for public display and future generations. The organization will also mark with appropriate signage.

To promote education, and historical research regarding the early history of palmyra, ny, and to gather and preserve historical artifacts, antiques and property for public display and future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$497,727$498,479▲ $752
Land, Buildings, and Equipment, Net$427,546$420,098▼ $7,448
Cash and Non-Interest-Bearing Accounts$34,797$5,516▼ $29,281
Total Assets$960,070$924,093▼ $35,977
Liabilities
Other Liabilities$757$757→ $0
Total Liabilities$757$757→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$803,353$767,376▼ $35,977
Temporarily Rstr Net Assets$155,960$155,960→ $0
Total Net Assets Fund Balance$959,313$923,336▼ $35,977
Total Liabilities and Net Assets / Fund Balance$960,070$924,093▼ $35,977

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$146,480$58,782$205,262
Buildings$132,771$34,324$167,095
Other Land Buildings$133,795-$133,795
Land$7,052-$7,052
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathryn WoodlockTrusteePT$9,047$9,047

Board Members and Trustees

NameTitle
Becke TomkiewicsChairperson
Irene UnterbornVice Chair
Barbara LiestenTrustee
Donna SwanTrustee
Joan ThomasTrustee
Stephen KuntzTrustee
Steve HaysTrustee
Andrew LambrixSecretary
Carol PlesaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,851
Program Service Revenue
$18,867
Investment Income
$15,761
Other Revenue
$11,443
All Other Contributions
$7,322
Change in Net Assets
$-35,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,420
Salaries, Compensation, and Employee Benefits$38,479
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$18,896$2,100-$20,996
Occupancy$9,986$1,110-$11,096
Current Officers, Directors, Trustees, and Key Employees$8,142$905-$9,047
Insurance$7,623$847-$8,470
Payroll Taxes$7,592$844-$8,436
Depreciation Depletion$6,703$745-$7,448
Advertising$5,387$599-$5,986
Office Expenses$3,066$341-$3,407
Other Expenses$422$47-$469
Total Functional Expenses$91,707$10,192$0$101,899
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,624
Fundraising Direct Expenses$3,812
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Steak Dinner$5,789$5,789$1,198$4,591
Total Events$5,789$5,789$1,198$4,591
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-FamilyMANAGER'S SALARYNo$15,089
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Payable$671
Sales Tax Payable$86
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
Yes
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
No
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 11

Line 11a explanation - the 990 is reviewed and approved during the monthly board meeting prior to filing.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Historic Palmyra Inc
EIN
23-7443013
Phone
3155976981
Address
132 MARKET ST, PALMYRA, NY 14522

Signing Officer

Name
Becke Tomkiewics
Title
Chairperson
Phone
3155976981
Signed
2016-04-14
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
9
Employees
5
Volunteers
250

Preparer

Firm
Flaherty Salmin Llp
Address
2300 BUFFALO RD BLDG 200, ROCHESTER, NY 14624
Preparer
Dale Rowland CPA
Phone
5852790120
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

The organization maintains antique artifacts and coverlets which are kept on display for public education and viewing.

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0497727
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0498479
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt018867
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt062985
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt054943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt028284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt013665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0178744
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022991
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt011874
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010108
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013268
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt067295
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt084218
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07922
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06517
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09180
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08935
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010987
IRS990ScheduleA/OtherIncome170Grp/TotalAmt043541
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61730
IRS990ScheduleA/PublicSupportPY170Pct00.68990
IRS990ScheduleA/PublicSupportTotal170Amt0178744
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt018867
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt062985
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt054943
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt028284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt013665
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0178744
IRS990ScheduleA/TotalSupportAmt0289580
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt0224695
IRS990ScheduleD/BuildingsGrp/BookValueAmt0132771
IRS990ScheduleD/BuildingsGrp/DepreciationAmt034324
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0167095
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0155960
IRS990ScheduleD/LandGrp/BookValueAmt07052
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07052
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0146480
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt058782
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0205262
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0133795
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0133795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX PAYABLE
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS ANTIQUE ARTIFACTS AND COVERLETS WHICH ARE KEPT ON DISPLAY FOR PUBLIC EDUCATION AND VIEWING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0420098
IRS990ScheduleD/TotalLiabilityAmt0757
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01198
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STEAK DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt05789
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt05789
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05789
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05789
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04591
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01198
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01198
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BONNIE HAYS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015089
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGER'S SALARY
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - THE 990 IS REVIEWED AND APPROVED DURING THE MONTHLY BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0155960
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0155960
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0960070
IRS990/TotalAssetsEOYAmt0924093
IRS990/TotalAssetsGrp/BOYAmt0960070
IRS990/TotalAssetsGrp/EOYAmt0924093
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt019851
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010192
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt091707
IRS990/TotalFunctionalExpensesGrp/TotalAmt0101899
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0757
IRS990/TotalLiabilitiesEOYAmt0757
IRS990/TotalLiabilitiesGrp/BOYAmt0757
IRS990/TotalLiabilitiesGrp/EOYAmt0757
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0959313
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0923336
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt091707
IRS990/TotalProgramServiceRevenueAmt018867
IRS990/TotalReportableCompFromOrgAmt09047
IRS990/TotalRevenueGrp/ExclusionAmt023094
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022977
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065922
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0960070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0924093
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0803353
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0767376
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0132 MARKET ST
IRS990/USAddress/CityNm0PALMYRA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014522

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