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Nonprofit · EIN 14-1401101

THE HYDE COLLECTION TRUST

Tax-exempt · GLENS FALLS, NY 12801

Financials

$2.2M$2.5M2024
Revenue Expenses · by fiscal year end
Financials of THE HYDE COLLECTION TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,219,440$2,490,216-$270,776$14,214,801$142,609$14,072,192
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,786,899
of which government grants
$138,150
Membership dues
$132,659
Program service revenue
$91,687
Investment income
$519,760
Net gain from sales of assets
$365,093
Net income from fundraising events
-$190,637
Net income from sales of inventory
$6,166
Other revenue
-$178,906

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$169,600
Other salaries and wages
$835,824
Salaries, compensation and benefits (total)
$1,159,552
Professional fundraising fees
$0
Accounting fees
$71,187
Occupancy
$134,738
Travel
$4,088
Depreciation
$228,453
Program services (functional)
$1,784,939
Management and general (functional)
$464,522
Fundraising (functional)
$240,755

Balance sheet and other

Total assets, start of year
$13,847,972
Total assets, end of year
$14,214,801
Total liabilities, end of year
$142,609
Net assets, end of year
$14,072,192
Land, buildings and equipment
$3,455,309
Publicly traded securities
$6,980,714
Net assets without donor restrictions
$4,086,223
Net assets with donor restrictions
$9,985,969
Gross receipts
$3,471,644
Employees
31
Volunteers
18
Year formed
1952
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOHN LEFNERCHIEF EXECUTIVE OFFICER
Officer
40$160,000$9,600
JASON C WARDCHAIR
Trustee or director, Officer
1$0$0
CARL DEBRULEVICE CHAIR
Trustee or director, Officer
1$0$0
DEBRA SMITHTREASURER
Trustee or director, Officer
1$0$0
CHELSEA HOOPES SILVERTRUSTEE
Trustee or director
1$0$0
INDIA ADAMSTRUSTEE
Trustee or director
1$0$0
JAMES R BURKETT ESQTRUSTEE
Trustee or director
1$0$0
BELINDA COLONTRUSTEE
Trustee or director
1$0$0
ELLEN-DEANE CUMMINSTRUSTEE
Trustee or director
1$0$0
ELIZABETH DUBBENTRUSTEE
Trustee or director
1$0$0
ANNE MORRISTRUSTEE
Trustee or director
1$0$0
FRANCINE NEMERTRUSTEE
Trustee or director
1$0$0
MARY W RENZTRUSTEE
Trustee or director
1$0$0
CRAIG SEYBOLTTRUSTEE
Trustee or director
1$0$0
ANDREW PARSONSTRUSTEE
Trustee or director
1$0$0
4 more people on this return
NameTitleHours / weekCompensation
ARDITH RUSSELLTRUSTEE
Trustee or director
1$0
BETSY OLMSTEDTRUSTEE
Trustee or director
1$0
CHRISTINA GERARDETRUSTEE
Trustee or director
1$0
NEAL STIMLERTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
161 WARREN ST, GLENS FALLS, NY 12801-4520
Principal officer (990 for 2024)
JOHN LEFNER, 161 WARREN STREET, GLENS FALLS, NY 12801
Signed the 990
JOHN LEFNER, CHIEF EXECUTIVE OFFICER
Phone
(518) 792-1761
Return prepared by
BONADIO & CO LLP

Mission

THE HYDE COLLECTION'S MISSION IS TO DEVELOP AND HIGHLIGHT A COLLECTION OF INTERNATIONAL IMPORTANCE, CREATE EXHIBITIONS OF REGIONAL AND NATIONAL SIGNIFICANCE, AND PROVIDE INVIGORATING EDUCATIONAL PROGRAMS TO ITS CORE LOCAL AUDIENCES AND COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • DISPLAY, MAINTENANCE AND CONSERVATION OF THE ART COLLECTION, INCLUDING EXHIBITIONS AND EDUCATION PROGRAMS.
    Expenses $1,415,761
  • COMMUNICATION, PROMOTION, AND PUBLICATION OF PROGRAMS, SERVICES, EXHIBITION CATALOGS, AND MUSEUM NEWS.
    Expenses $205,585 · revenue $30,907
  • MEMBER AND VISITOR SERVICES: TO MEET THE NEEDS OF MEMBERS AND VISITORS TO THE MUSEUM
    Expenses $163,593 · revenue $60,780

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
14-1401101
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1955
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,214,801
Income (IRS master file)
$3,471,644

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$2,290,896$2,562,112$13,847,972IRS
990December 2022$1,465,475$2,099,728$13,347,854IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about THE HYDE COLLECTION TRUST

What is the EIN of THE HYDE COLLECTION TRUST?
The employer identification number (EIN) of THE HYDE COLLECTION TRUST is 14-1401101.
Is THE HYDE COLLECTION TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
Are donations to THE HYDE COLLECTION TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE HYDE COLLECTION TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE HYDE COLLECTION TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE HYDE COLLECTION TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE HYDE COLLECTION TRUST?
The 990 for the year ended December 31, 2024 names JOHN LEFNER.
Who are the officers and directors of THE HYDE COLLECTION TRUST?
The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $160,000 (JOHN LEFNER, CHIEF EXECUTIVE OFFICER).
How much revenue does THE HYDE COLLECTION TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,219,440, expenses of $2,490,216 and total assets of $14,214,801 at year end.

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