Civic Intelligence

Longhouse Reserve

990 • Fiscal year 2022 • EIN 33-1058583

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

133 Hands Creek RoadEast Hampton, NY 11937

(631) 329-3568

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.05x

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

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

40th percentile

0.18x

Higher debt load relative to revenue than 40% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Net Margin

22nd percentile

-2.4%

Higher net margin than 22% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$304,500

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Asset Growth

25th percentile

-6.1%

Faster asset growth than 25% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-56%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$10,541,851

Down $679,638 (-6.1%) from 2021

Net Assets

Down

$10,019,441

Down $653,990 (-6.1%) from 2021

Liabilities

Down

$522,410

Down $25,648 (-4.7%) from 2021

Revenue

Down

$2,836,647

Down $3,564,695 (-56%) from 2021

Expenses

Up

$2,905,426

Up $138,532 (+5.0%) from 2021

Net Income

Down

-$68,779

Down $3,703,227 (-102%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $6,518,948Liabilities 2014: $164,766Net Assets 2014: $6,354,1822014Assets 2015: $6,518,588Liabilities 2015: $119,037Net Assets 2015: $6,399,5512015Assets 2016: $6,463,405Liabilities 2016: $102,594Net Assets 2016: $6,360,8112016Assets 2017: $6,551,591Liabilities 2017: $104,688Net Assets 2017: $6,446,9032017Assets 2018: $6,719,538Liabilities 2018: $109,835Net Assets 2018: $6,609,7032018Assets 2019: $6,661,686Liabilities 2019: $102,756Net Assets 2019: $6,558,9302019Assets 2020: $7,253,149Liabilities 2020: $298,167Net Assets 2020: $6,954,9822020Assets 2021: $11,221,489Liabilities 2021: $548,058Net Assets 2021: $10,673,4312021Assets 2022: $10,541,851Liabilities 2022: $522,410Net Assets 2022: $10,019,4412022Assets 2023: $9,954,487Liabilities 2023: $306,467Net Assets 2023: $9,648,0202023Assets 2024: $9,923,916Liabilities 2024: $375,982Net Assets 2024: $9,547,9342024

Highlighted filing

2022

Assets$10,541,851
Liabilities$522,410
Net Assets$10,019,441

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,485,511Expenses 2014: $1,496,662Net Income 2014: -$11,1512014Revenue 2015: $1,687,307Expenses 2015: $1,637,054Net Income 2015: $50,2532015Revenue 2016: $1,689,982Expenses 2016: $1,794,598Net Income 2016: -$104,6162016Revenue 2017: $1,810,064Expenses 2017: $1,825,137Net Income 2017: -$15,0732017Revenue 2018: $1,971,257Expenses 2018: $1,831,227Net Income 2018: $140,0302018Revenue 2019: $1,945,703Expenses 2019: $2,057,483Net Income 2019: -$111,7802019Revenue 2020: $1,863,771Expenses 2020: $1,649,820Net Income 2020: $213,9512020Revenue 2021: $6,401,342Expenses 2021: $2,766,894Net Income 2021: $3,634,4482021Revenue 2022: $2,836,647Expenses 2022: $2,905,426Net Income 2022: -$68,7792022Revenue 2023: $1,395,136Expenses 2023: $2,282,322Net Income 2023: -$887,1862023Revenue 2024: $1,964,699Expenses 2024: $2,249,339Net Income 2024: -$284,6402024

Highlighted filing

2022

Revenue$2,836,647
Expenses$2,905,426
Net Income-$68,779
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$6,389,073
Mission and Program Overview

Mission

Longhouse reserve exemplifies living with art in all forms. Founded by jack lenor larsen, its collections, gardens, sculpture and programs, reflect world cultures and inspire a creative life.

Longhouse reserve inspires living with art in all forms. Founded by jack lenor larsen, its collections, gardens, art and programs reflect world cultures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,030,026$5,930,479▼ $99,547
Investments in Publicly Traded Securities$3,113,677$3,015,339▼ $98,338
Savings and Temporary Cash Investments$1,655,509$475,079▼ $1,180,430
Prepaid Expenses and Deferred Charges$73,505$354,127▲ $280,622
Cash and Non-Interest-Bearing Accounts$90,108$148,641▲ $58,533
Inventories for Sale or Use$25,642$41,712▲ $16,070
Pledges and Grants Receivable$233,022$20,830▼ $212,192
Total Assets$11,221,489$10,541,851▼ $679,638
Other Assets Total$0$555,644▲ $555,644
Liabilities
Accounts Payable and Accrued Expenses$344,006$304,477▼ $39,529
Mortgage Notes Payable Secured by Investment Property$159,944$148,651▼ $11,293
Deferred Revenue$44,108$69,282▲ $25,174
Total Liabilities$548,058$522,410▼ $25,648
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,005,627$6,865,374▼ $1,140,253
Net Assets With Donor Restrictions$2,667,804$3,154,067▲ $486,263
Total Net Assets Fund Balance$10,673,431$10,019,441▼ $653,990
Total Liabilities and Net Assets / Fund Balance$11,221,489$10,541,851▼ $679,638

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,948,034$474,036$3,422,070
Land$2,695,000-$2,695,000
Buildings$247,137$197,706$444,843
Equipment$16,430$278,131$294,561
Other Land Buildings$23,878$65,074$88,952
Other Assets Org$555,644--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,507,255$963,518▼ $329,722$35,000$2,106,051
2021$397,355$1,045,365▲ $64,535-$1,507,255
2020$10,500$386,855▲ $137$137$397,355
2019$10,500-▲ $16$16$10,500
2018$10,500-▲ $189$189$10,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carrie BarrattDirectorFT$300,000$4,500$304,500
Matko TomicicExecutive Director (to Sep 2021)-$201,925$201,925$201,925
Bonifacio RojasGrounds & Building ManagerFT$102,993$14,721$117,714

Board Members and Trustees

NameTitle
Dianne BensonCo-president
Nina GillmanCo-president
Deborah NevinsVice President
Dr Derick GeorgeVice President
Ahmed AkkadTrustee
Alexandra MunroeTrustee
Anne ErniTrustee
Ayse KenmoreTrustee
Emma ClurmanTrustee
Linda WillettTrustee
Peter H OlsenTrustee
Sherri DonghiaTrustee
Suzanne SlesinTrustee
James ZajacSecretary
Mark LevineTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lee H Skolnick Architectur Design ParAchitectural And Design Services75 BROAD STREET SUITE 2700, New York, NY 10004$349,152
Your Part Time Controller LLCAccounting And Financial Consulting1333 BROADWAY SUITE 720, New York, NY 10018$166,038
Mady J SchumanChief Development Officer20 5TH AVENUE APT 13B, New York, NY 10011$124,600
Polsinelli PCLegal Services900 W 48TH PLACE SUITE 900, Kansas City, MO 64112$107,101
Revenue and Support

Revenue Composition

Contributions and Grants
$2,200,671
Program Service Revenue
$229,202
Investment Income
$-14,132
Other Revenue
$420,906
All Other Contributions
$1,723,119
Change in Net Assets
$-68,779

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 Traded4$1,240,966Fair Market Value
Works of Art71$186,750Auction Sales
Total Noncash Contributions75$1,427,716-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,813,845
Revenue Not Reported on Financial Statements
$22,802
Revenue Not Reported on Form 990
$-536,060
Total Revenue per Audited Statements
$2,277,785
Total Revenue per Form 990
$2,836,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,783,335
Salaries, Compensation, and Employee Benefits$995,891
Total Fundraising Expense$502,738
Professional Fundraising Fees$126,200
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$473,990$65,714$24,623$564,327
Fees for Services Legal$6,286$343,384-$349,670
Current Officers, Directors, Trustees, and Key Employees$101,500$101,500$101,500$304,500
Fees for Services Other$190,003$18,721$22,649$231,373
Fees for Services Accounting$7,693$160,893$427$169,013
Fees for Services Professional Fundraising--$126,200$126,200
Insurance$90,392$27,118-$117,510
Depreciation Depletion$33,769$47,931$27,233$108,933
All Other Expenses$70,879$4,173$15,541$90,593
Office Expenses$61,602$14,321$5,965$81,888
Occupancy$78,501--$78,501
Other Employee Benefits$65,942$3,463$2,880$72,285
Other Expenses$62,638$481$10,050$62,638
Payroll Taxes$37,895$2,789$2,462$43,146
Fees for Service Investment Mgmnt Fees-$22,802-$22,802
Travel$12,221$872$530$13,623
Pension Plan Contributions$10,217$752$664$11,633
Advertising$3,977$1,250-$5,227
Interest-$2,293-$2,293
Total Functional Expenses$1,584,231$818,457$502,738$2,905,426

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,931,775
Total Expenses per Form 990$2,905,426
Expenses per Audited Statements$2,882,624
Expenses Not Reported on Form 990$49,151
Expenses Not Reported on Financial Statements$22,802
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$212,383
Fundraising Gross Income$212,383
Professional Fundraising Fees$126,200

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Benefit$538,189$212,383$103,066$109,317
Total Events$538,189$212,383$212,383$0
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
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
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

The director, the treasurer, and the co-presidents review the 990 prior to filing. Upon completionm of that review, a public inspection version of the 990 is distributed to the board of trustees.

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

Under this policy are covered members of the board and key employees. As soon as a possible conflict of interest is identified the same is deliberated and reviewed by the executive committee and / or board of trustee. If a potential conflict is found to exist, person identified will be precluded from a vote on the decision that is to be voted on.

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

In 2021 the director was retained on an interim basis to provide leadership in a transition period pursuant to a consulting agreement. The board of trustees, in executive session, reviewed and approved the terms and conditions, including compensation, of the agreement. In reviewing compensation, the board considered comparability data from other similar consulting arrangements, data from the 990s of peer organizations, and data from the 2021 candid/guidestar nonprofit compensation survey.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Longhouse Reserve
EIN
33-1058583
Phone
6313293568
Address
133 HANDS CREEK ROAD, EAST HAMPTON, NY 11937

Signing Officer

Name
Mark Levine
Title
Treasurer
Phone
6313293568
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
D Benson N Gillman
Formed
2002
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
15
Volunteers
24

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

Longhouse maintains a collection of works of art. A description of the contents of the permanent collection is maintained by the collections manager and the collection is currently insured for approximately $3.4 million. The value of the collection, which was acquired through purchases and contributions since longhouse's inception, is not reflected as an asset on the statement of financial position. Purchases of collection items are expensed in the year of acquisition. Contributions of collection items are not recognized in the statement of activities. Proceeds from deaccessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions. There were no acquisitions during the year ended december 31, 2022. The collection is held for public service rather than financial gain, protected and preserved, and subject to an organizational policy that requires the proceeds from sales of such items to be used only for collection acquisitions, preservation, protection and direct care. Longhouse defines direct care to include costs for materials, systems, equipement, fees for experts, independent contractors, and outside vendors engaged in projects directly related to the care of the objects in the collection.

PART III, LINE 4:

Longhouse reserve's collection consists of numerous objects, mostly in the craft medium, which are a perfect fit for the longhouse reserve's mission. These objects are on view and lent to various organizations for exhibit.

PART V, LINE 4:

The investment earnings of the organization's endowment funds are used to provide support for the maintenace of longhouse, its garden and grounds, and its general operations.

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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/ActivityOrMissionDesc0LONGHOUSE RESERVE INSPIRES LIVING WITH ART IN ALL FORMS. FOUNDED BY JACK LENOR LARSEN, ITS COLLECTIONS, GARDENS, ART AND PROGRAMS REFLECT WORLD CULTURES.
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