Hammond Museum Inc in Gloucester, Massachusetts (MA)

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Hammond Museum Inc
Employer Identification Number (EIN)042104270
Name of OrganizationHammond Museum Inc
Address80 Hesperus Ave, Gloucester, MA 01930-5273
ActivitiesMuseum, zoo, planetarium, etc., Other cultural or historical activities
SubsectionCharitable Organization
Ruling Date05/1938
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,245,826
Amount of Income$938,856
Form 990 Revenue Amount$318,666
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: History Museums


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Amount of income in 2013: $938,856 (it was $320,825 in 2012)
This organization: 

 $938,856
Other organizations performing similar types of work: 

 $170,607

Assets in 2013: $1,245,826 (it was $825,096 in 2012)
This organization: 

 $1,245,826
Other organizations performing similar types of work: 

 $751,001

Expenses in 2012: $418,534
This organization: 

 $418,534
Other organizations performing similar types of work: 

 $136,601

Income to expenses ratio in 2012: 2.2
Hammond Museum Inc: 

 2.2
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2012: 0.0%
Hammond Museum Inc: 

 0.0%
Other organizations performing similar types of work: 

 57.9%

Financial snapshot ($)

Revenue for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$313,030$95,313$217,717
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$719
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$13,415
Gross sales less returns and allowances$5,620
Less: Cost of goods sold$7,795
Other income$298,896
Total expenses and disbursements$418,534$43,105$217,717$194,949
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$418,534$43,105$194,949
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-105,504
Net investment income$52,208
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$825,096$825,096
Cash - non-interest-bearing$2,000
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$3,135
Other$819,961
Total liabilities$29,451
Mortgages and other notes payable$0
Other$29,451
Total liabilities and net assets/fund balances$795,645
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$522
Total credits and payments$642
2012 estimated tax payments and 2011 overpayment credited to 2012$642
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$120
Amount to be credited to 2013 estimated tax$120
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$163,499
Net value of noncharitable-use assets$161,040
Minimum investment return$8,052
Distributable Amount (for 2012)
Distributable amount$7,530
Undistributed Income (for 2012)
Distributable amount for 2012$7,530
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Henry E Huntington Library & Art Gallery1151 Oxford Rd, San Marino, CA 91108-1218CA1938-05$202,277,268
2United States Holocaust Memorial Council100 Raoul Wallenberg Pl Sw, Washington, DC 20024-2126DC1991-06$187,415,604
3Scottish Rite Masonic Museum & Library Inc33 Marrett Rd, Lexington, MA 02421-5703MA1972-03$120,504,981
4The Edison Institute Inc20900 Oakwood Blvd, Dearborn, MI 48124-5029MI1945-08$101,310,203
5Society For The Preservation Of New England Antiquities Inc151 Essex Street 2nd Floor, Haverhill, MA 01832-5564MA1928-05$63,475,296
6National World War Ii Museum Inc945 Magazine St, New Orleans, LA 70130-3813LA1992-10$53,619,445
7Thomas Jefferson Foundation IncPO BOX 316, Charlottesvle, VA 22902-0316VA1985-04$40,796,596
8Missouri Historical Society Jefferson Memorial Building5700 Lindell Blvd, Saint Louis, MO 63112-1004MO1943-09$40,186,067
9Historic Deerfield Inc84b Old Main Street, Deerfield, MA 01342MA1953-12$30,943,103
10General Society Of Mayflower Descendants4 Winslow St, Plymouth, MA 02360-3313MA1941-06$2,034,602
11Plimoth Plantation IncPO BOX 1620, Plymouth, MA 02362-1620MA1948-11$11,859,649
12Old Sturbridge Inc1 Old Sturbridge Village Rd, Sturbridge, MA 01566-1138MA1992-10$9,094,040
13Heritage Plantation Of Sandwich Inc67 Grove St, Sandwich, MA 02563-2110MA1994-03$5,219,544
14John Woodman Higgins Armory Inc100 Barber Ave, Worcester, MA 01606-2464MA1950-02$4,089,521
15American Textile History Museum491 Dutton Street, Lowell, MA 01854-4289MA1987-09$2,484,375
16Fruitlands Museums Inc102 Prospect Hill Rd, Harvard, MA 01451-1348MA1994-11$1,351,938
17Hammond Museum Inc80 Hesperus Ave, Gloucester, MA 01930-5273MA1938-05$938,856
18Gloucester Adventure IncP0 Box 1306, Gloucester, MA 01930MA1992-11$481,351
19Nye Family Of America Association Inc85 Old County Road, East Sandwich, MA 02537MA1971-10$150,266
20Berkshire Scenic Railway Museum IncPO BOX 2195, Lenox, MA 01240-5195MA1984-10$137,445
Number of organizations performing similar types of work
Alaska6
Alabama16
Arkansas13
Arizona10
California72
Colorado15
Connecticut7
District of Columbia3
Delaware4
Florida20
Georgia12
Hawaii5
Iowa10
Idaho5
Illinois26
Indiana20
Kansas12
Kentucky15
Louisiana10
Massachusetts26
Maryland17
Maine6
Michigan17
Minnesota16
Missouri13
Mississippi3
Montana11
North Carolina21
North Dakota4
Nebraska10
New Hampshire9
New Jersey15
New Mexico3
Nevada3
New York55
Ohio32
Oklahoma11
Oregon11
Pennsylvania39
Rhode Island6
South Carolina9
South Dakota6
Tennessee13
Texas58
Utah4
Virginia36
Vermont5
Washington11
Wisconsin12
West Virginia3
Wyoming6
Total772

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