Civic Intelligence

Historic Palmyra Inc.

990 • Fiscal year 2020 • EIN 23-7443013

Jun 01, 2019 to May 31, 2020 • Filed on Mar 25, 2021

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.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Net Margin

54th percentile

5.6%

Higher net margin than 54% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Asset Growth

38th percentile

0.7%

Faster asset growth than 38% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

43%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$900,926

Up $6,118 (+0.7%) from 2019

Net Assets

Up

$900,169

Up $6,118 (+0.7%) from 2019

Liabilities

Flat

$757

Flat from 2019

Revenue

Up

$108,774

Up $32,843 (+43%) from 2019

Expenses

Down

$102,656

Down $16,454 (-14%) from 2019

Net Income

Up

$6,118

Up $49,297 (+114%) from 2019

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

2020

Assets$900,926
Liabilities$757
Net Assets$900,169

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

2020

Revenue$108,774
Expenses$102,656
Net Income$6,118
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Mar 25, 2021
Return Version
2019v5.2
Gross Receipts
$119,266
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$500,790$493,523▼ $7,267
Land, Buildings, and Equipment, Net$390,306$382,858▼ $7,448
Cash and Non-Interest-Bearing Accounts$3,712$24,545▲ $20,833
Total Assets$894,808$900,926▲ $6,118
Liabilities
Other Liabilities$757$757→ $0
Total Liabilities$757$757→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$738,091$744,209▲ $6,118
Net Assets With Donor Restrictions$155,960$155,960→ $0
Total Net Assets Fund Balance$894,051$900,169▲ $6,118
Total Liabilities and Net Assets / Fund Balance$894,808$900,926▲ $6,118

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$120,130$85,134$205,264
Buildings$121,881$45,214$167,095
Other Land Buildings$133,795-$133,795
Land$7,052-$7,052
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$46,911
Program Service Revenue
$18,843
Investment Income
$18,386
Other Revenue
$24,634
All Other Contributions
$42,321
Change in Net Assets
$6,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$57,533
Other Expenses$45,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,157$4,573-$45,730
Payroll Taxes$10,623$1,180-$11,803
Occupancy$8,313$924-$9,237
Insurance$7,441$804-$8,245
Depreciation Depletion$6,703$745-$7,448
Office Expenses$3,857$428-$4,285
Advertising$3,435$382-$3,817
Other Expenses$2,746$305-$3,051
Total Functional Expenses$92,434$10,222$0$102,656
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,457
Fundraising Direct Expenses$3,518
Professional Fundraising Fees$0
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$21,788
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 35% controlled entity
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
2021-03-25
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
0

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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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/Desc0THE ORGANIZATION OPERATES FIVE UNIQUE MUSEUMS INCLUDING THE ALLING COVERLET, PALMYRA HISTORICAL MUSEUM, WM. PHELPS GENERAL STORE AND HOME, PALMYRA PRINT SHOP, AND THE ERIE CANAL DEPOT, WHICH FEATURES EXHIBITS RELATED TO POLICE, FIRE SERVICE, EDUCATION, MEDICINE AND PHOTOGRAPHY AMONG OTHERS. IN ADDITION TO THE MUSEUMS THE ORGANZIATION OPERATES "GHOST HUNTS AND OTHER FUNDRAISING EVENTS, WHICH PROVIDE TOUR PARTICIPANTS WITH A CHANCE TO VIEW HISITORICAL FIGURES IN VARIOUS ELEMENTS AND LOCATIONS THROUGHOUT PALMYRA, NY.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt077188
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0211100
IRS990ScheduleA/TotalSupportAmt0455798
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/BookValueAmt0121881
IRS990ScheduleD/BuildingsGrp/DepreciationAmt045214
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0167095
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/HeldWorksArtGrp/AssetsIncludedAmt0224695
IRS990ScheduleD/LandGrp/BookValueAmt07052
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07052
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0120130
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt085134
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0205264
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/TotalBookValueLandBuildingsAmt0382858
IRS990ScheduleD/TotalLiabilityAmt0757
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BONNIE HAYS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt021788
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0894808
IRS990/TotalAssetsEOYAmt0900926
IRS990/TotalAssetsGrp/BOYAmt0894808
IRS990/TotalAssetsGrp/EOYAmt0900926
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt046911
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010222
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt092434
IRS990/TotalFunctionalExpensesGrp/TotalAmt0102656
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0757
IRS990/TotalLiabilitiesEOYAmt0757
IRS990/TotalLiabilitiesGrp/BOYAmt0757
IRS990/TotalLiabilitiesGrp/EOYAmt0757
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0894051
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0900169
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt092434
IRS990/TotalProgramServiceRevenueAmt018843
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05937
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055926
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108774
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0894808
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0900926
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0132 MARKET ST
IRS990/USAddress/CityNm0PALMYRA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014522
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HISTORICPALMYRANY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BECKE TOMKIEWICS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum03155976981
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HISTORIC PALMYRA INC
ReturnHeader/Filer/BusinessNameControlTxt0HIST
ReturnHeader/Filer/EIN0237443013
ReturnHeader/Filer/PhoneNum03155976981
ReturnHeader/Filer/USAddress/AddressLine1Txt0132 MARKET ST
ReturnHeader/Filer/USAddress/CityNm0PALMYRA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014522
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161451346
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FLAHERTY SALMIN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02300 BUFFALO RD BLDG 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014624
ReturnHeader/PreparerPersonGrp/PhoneNum05852790120
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RILEY K CARHART CPA
ReturnHeader/ReturnTs02021-04-05T10:09:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

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