Civic Intelligence

Historic Palmyra Inc.

990 • Fiscal year 2019 • EIN 23-7443013

Jun 01, 2018 to May 31, 2019 • Filed on Mar 09, 2020

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

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Net Margin

7th percentile

-57%

Higher net margin than 7% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Asset Growth

22nd percentile

-4.6%

Faster asset growth than 22% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$894,808

Down $43,179 (-4.6%) from 2018

Net Assets

Down

$894,051

Down $43,179 (-4.6%) from 2018

Liabilities

Flat

$757

Flat from 2018

Revenue

Down

$75,931

Down $42,540 (-36%) from 2018

Expenses

Down

$119,110

Down $23,118 (-16%) from 2018

Net Income

Down

-$43,179

Down $19,422 (-82%) from 2018

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

2019

Assets$894,808
Liabilities$757
Net Assets$894,051

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

2019

Revenue$75,931
Expenses$119,110
Net Income-$43,179
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Mar 9, 2020
Return Version
2018v3.1
Gross Receipts
$89,353
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$529,179$500,790▼ $28,389
Land, Buildings, and Equipment, Net$397,754$390,306▼ $7,448
Cash and Non-Interest-Bearing Accounts$11,054$3,712▼ $7,342
Total Assets$937,987$894,808▼ $43,179
Liabilities
Other Liabilities$757$757→ $0
Total Liabilities$757$757→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$781,270$738,091▼ $43,179
Temporarily Rstr Net Assets$155,960$155,960→ $0
Total Net Assets Fund Balance$937,230$894,051▼ $43,179
Total Liabilities and Net Assets / Fund Balance$937,987$894,808▼ $43,179

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$126,883$78,379$205,262
Buildings$122,576$44,519$167,095
Other Land Buildings$133,795-$133,795
Land$7,052-$7,052
Compensation and Service Providers

Board Members and Trustees

NameTitle
Becke TomkiewicsChairperson
Joan ThomasVice Chair
Andrew LambrixTrustee
Irene UnterbornTrustee
Joan ShafferTrustee
John VrubelTrustee
Steve HaysTrustee
Donna SwanSecretary
Kathryn WoodlockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,099
Program Service Revenue
$15,365
Investment Income
$11,634
Other Revenue
$26,833
All Other Contributions
$22,099
Change in Net Assets
$-43,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$71,616
Other Expenses$47,494
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$51,135$5,681-$56,816
Payroll Taxes$13,320$1,480-$14,800
Occupancy$10,222$1,136-$11,358
Insurance$8,527$947-$9,474
Depreciation Depletion$6,703$745-$7,448
Advertising$4,367$485-$4,852
Office Expenses$4,359$484-$4,843
Fees for Services Accounting-$2,400-$2,400
Other Expenses$1,053$117-$1,170
Total Functional Expenses$105,040$14,070$0$119,110
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,413
Fundraising Direct Expenses$4,614
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
None----
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$15,529
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities(detail)-990$757
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 11B

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
2020-03-09
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
215

Preparer

Firm
Flaherty Salmin Llp
Address
2300 BUFFALO RD BLDG 200, ROCHESTER, NY 14624
Preparer
Riley K Carhart 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012380
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022991
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0152521
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt084730
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt023967
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt018689
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt018491
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt013249
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt07922
IRS990ScheduleA/OtherIncome170Grp/TotalAmt082318
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43940
IRS990ScheduleA/PublicSupportPY170Pct00.50820
IRS990ScheduleA/PublicSupportTotal170Amt0184040
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt022099
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt026858
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt038044
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt077188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt019851
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0184040
IRS990ScheduleA/TotalSupportAmt0418879
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0122576
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044519
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0167095
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/HeldWorksArtGrp/AssetsIncludedAmt0224695
IRS990ScheduleD/LandGrp/BookValueAmt07052
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07052
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0126883
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt078379
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0205262
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0133795
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0133795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES(DETAIL)-990
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/TotalBookValueLandBuildingsAmt0390306
IRS990ScheduleD/TotalLiabilityAmt0757
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0NONE
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BONNIE HAYS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015529
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0155960
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0155960
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0937987
IRS990/TotalAssetsEOYAmt0894808
IRS990/TotalAssetsGrp/BOYAmt0937987
IRS990/TotalAssetsGrp/EOYAmt0894808
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt022099
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014070
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0105040
IRS990/TotalFunctionalExpensesGrp/TotalAmt0119110
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0757
IRS990/TotalLiabilitiesEOYAmt0757
IRS990/TotalLiabilitiesGrp/BOYAmt0757
IRS990/TotalLiabilitiesGrp/EOYAmt0757
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0937230
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0894051
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0105040
IRS990/TotalProgramServiceRevenueAmt015365
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt013665
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040167
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt075931
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0215
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0937987
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0894808
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0781270
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0738091
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0132 MARKET ST
IRS990/USAddress/CityNm0PALMYRA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014522
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.HISTORICPALMYRANY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BECKE TOMKIEWICS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum03155976981
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HISTORIC PALMYRA INC
ReturnHeader/Filer/BusinessNameControlTxt0HIST
ReturnHeader/Filer/EIN0237443013
ReturnHeader/Filer/PhoneNum03155976981
ReturnHeader/Filer/USAddress/AddressLine1Txt0132 MARKET ST

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