2025-11-14T14:51:22-06:00 2024-12-31 201317788 BOWERS & COMPANY CPAS PLLC 1120 COMMERCE PARK DRIVE EAST WATERTOWN NY 13601 990 2024-01-01 222319606 THE ANTIQUE BOAT MUSEUM ANTI 3156864104 750 MARY STREET CLAYTON NY 13624 STEPHANIE ENGHUSEN CONTROLLER 3156864104 2025-11-15 1 0 ELIZABETH BUSH P01264627 3157887690 2025-11-13 2024 2025-03-06 01:10:19Z STEPHANIE ENGHUSEN 750 MARY STREET CLAYTON NY 13624 7960925 0 X WWW.ABM.ORG X 1980 NY TO COLLECT, PRESERVE, INTERPRET AND CELEBRATE BOATS AND RELATED ARTIFACTS TO ADVANCE PUBLIC UNDERSTANDING OF THE IMPORTANCE OF BOATING TO THE CULTURAL HISTORY OF NORTH AMERICA AND THE ST. LAWRENCE RIVER IN PARTICULAR. 17 17 37 100 0 2922 1215776 3796094 462081 506353 365374 608507 135386 113797 2178617 5024751 22765 2730 0 0 1091439 1130439 0 0 88711 1228991 1269815 2343195 2402984 -164578 2621767 21671324 24908728 1405515 1458420 20265809 23450308 X TO COLLECT, PRESERVE, INTERPRET AND CELEBRATE BOATS AND RELATED ARTIFACTS TO ADVANCE PUBLIC UNDERSTANDING OF THE IMPORTANCE OF BOATING TO THE CULTURAL HISTORY OF NORTH AMERICA AND THE ST. LAWRENCE RIVER IN PARTICULAR. 0 0 1786336 2730 620150 THE MISSION OF THE ANTIQUE BOAT MUSEUM IS STATED IN ITEM 1 OF PART III ABOVE. THE ANTIQUE BOAT MUSEUM WAS FOUNDED MORE THAN 50 YEARS AGO AND CURRENTLY OCCUPIES A 4.5 ACRE WATERFRONT CAMPUS IN CLAYTON, NEW YORK. ITS FACILITIES INCLUDE TEN BUILDINGS PROVIDING A TOTAL OF 29,000 SQUARE FEET OF EXHIBITION SPACE AND 33,000 SQUARE FEET OF PUBLIC PROGRAMMING, COLLECTION, STORAGE, ARCHIVES, LIBRARY AND ADMINISTRATIVE SPACE. IN ADDITION, THE ANTIQUE BOAT MUSEUM HAS TWO ADDITIONAL OFF-SITE STORAGE LOCATIONS, WITH A 20,000 SQUARE FOOT BOAT STORAGE FACILITY LOCATED ON EAST LINE ROAD IN CLAYTON AND A COMPLEX OF 13,000 SQUARE FEET AT BARTLETT POINT, BOTH OF WHICH ARE A SHORT DISTANCE FROM THE MAIN CAMPUS. THE ANTIQUE BOAT MUSEUM CURRENTLY HAS THE LARGEST COLLECTION OF FRESH WATER BOATS IN NORTH AMERICA AND ATTRACTS APPROXIMATELY 30,000 VISITORS EACH YEAR. THROUGH PUBLIC PROGRAMS, THE VAST COLLECTION, EXHIBITS, EVENTS AND THE ANTIQUE BOAT MUSEUM'S EDUCATIONAL PROGRAMMING AND OUTREACH, IT PROVIDES A CONNECTION NOT ONLY WITHIN THE COMMUNITY, BUT BETWEEN THE COMMUNITY AND VISITORS TO THE REGION. THIS PROVIDES A FOUNDATION FOR UNDERSTANDING AND APPRECIATING THE RICH HISTORY OF BOATING AND BOATING'S PLACE IN THE DEVELOPMENT OF THE REGION AND THE COUNTRY WHETHER FOR COMMERCIAL, PUBLIC OR PERSONAL PURPOSES. THIS HISTORY INCLUDES THE STORIES AND CULTURES OF THE PEOPLE WHO DESIGNED, BUILT, OWNED, SAILED AND MAINTAINED THESE VESSELS FROM THE EARLIEST TIMES TO THE PRESENT DAY. THE THREE LARGEST PROGRAM SERVICES IN TERMS OF EXPENSE ARE COLLECTIONS AND EXHIBITS $748,753; MAINTENANCE AND OPERATIONS $383,572; AND EDUCATION $217,064. 1786336 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 37 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X STEPHANIE ENGHUSEN 3156864104 750 MARY STREET CLAYTON NY 13624 CHARLES S CROW III CHAIR 2.00 X X 0 0 0 ANDREW MCNALLY V VICE CHAIR 2.00 X X 0 0 0 LAURA RAWSON BUTRICO SECRETARY 2.00 X X 0 0 0 WILLIAM COSGROVE JR TREASURER 2.00 X X 0 0 0 DONALD BABCOCK TRUSTEE 2.00 X 0 0 0 WILLIAM BONISTEEL TRUSTEE 2.00 X 0 0 0 KATHLEEN CROSS STOUT TRUSTEE 2.00 X 0 0 0 ROBERT EASTON TRUSTEE 2.00 X 0 0 0 DAN FRENCH TRUSTEE 2.00 X 0 0 0 ANTHONY MOLLICA TRUSTEE 2.00 X 0 0 0 ERIC MOWER TRUSTEE 2.00 X 0 0 0 JOHN MURASHIGE TRUSTEE 2.00 X 0 0 0 PAUL REGAN III TRUSTEE 2.00 X 0 0 0 BRADFORD SCHWALM TRUSTEE 2.00 X 0 0 0 ANDREW TEXTOR TRUSTEE 2.00 X 0 0 0 ADDISON VARS III TRUSTEE 2.00 X 0 0 0 LISA WEBER TRUSTEE 2.00 X 0 0 0 REBECCA HOPFINGER EXECUTIVE DIRECTOR 35.00 X 121982 0 19334 STEPHANIE ENGHUSEN CONTROLLER 35.00 X 87948 0 8795 209930 0 28129 1 0 0 0 0 636782 36293 3123019 3796094 ADMISSIONS 713990 300732 300732 EVENTS & SPECIAL PROJECTS 713990 205621 205621 506353 207008 207008 60040 15771 44269 44269 44269 3258081 2856582 401499 401499 401499 127795 63821 63974 63974 MISCELLANEOUS 561000 5554 5554 5554 5024751 620150 0 608507 2730 2730 1130439 698106 396153 36180 1213 1213 20020 20020 36443 27978 7915 550 35954 35954 75599 44889 30283 427 68230 68230 25304 19126 6178 1745 1745 38142 38142 360334 359371 963 103635 103635 REPAIRS AND MAINTENANCE 284253 280817 3436 OTHER 60924 60924 CREDIT LOSSES 49729 49729 SPECIAL EVENTS 38033 37999 34 70257 44832 23634 1791 2402984 1786336 527937 88711 382840 637598 327890 403857 96359 1787773 231742 13341 45797 50773 21920 36221 15614828 8527751 6984471 7087077 13351177 14655991 229128 236097 21671324 24908728 67872 356241 65669 79797 1271974 1022382 1405515 1458420 X 7870133 8048984 12395676 15401324 20265809 23450308 21671324 24908728 2621767 562732 0 X X 0 1 X 1 0 X 1086433 1548954 1288921 1215776 3796094 8936178 1086433 1548954 1288921 1215776 3796094 8936178 8936178 136579 151470 265674 348211 267048 1168982 29842 92635 5864 3834 5554 137729 10242889 2826783 0.87240 0.82660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 10431173 1820 921391 499229 10855155 9806023 3470 1045174 423494 10431173 10569126 110340 -363177 510266 9806023 6974827 2867717 1048059 321477 10569126 6628596 300000 359759 313528 6974827 0.01979 0.05744 0.92278 0 0 1490027 1490027 11253351 6835142 4418209 948283 771281 177002 1923167 921328 1001839 7087077 X 5667075 562732 562732 5104343 -79592 -79592 5024751 2482576 0 2482576 -79592 -79592 2402984 PART III, LINE 1A: THE COLLECTIONS ARE THE PROPERTY OF THE ABM AND ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS, IN COMPLIANCE WITH STANDARD MUSEUM PRACTICE. THEY ARE HELD UNDER THE CARE OF THE CURATORIAL STAFF FOR RESEARCH, EDUCATION AND PUBLIC EXHIBITION PURPOSES AND IN FURTHERANCE OF THE ABM'S MISSION. PROCEEDS FROM DE-ACQUISITIONS OR INSURANCE RECOVERIES, WHICH ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES, ARE USED SOLELY FOR THE CARE AND GROWTH OF THE COLLECTION. PART X, LINE 2: THE ANTIQUE BOAT MUSEUM (ABM)'S FORMS 990 FOR THE YEARS ENDED 2023, 2022 AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS FOR 3 YEARS AFTER THEY ARE FILED. BASED ON ITS ANALYSIS, ABM DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT ABM SHOULD PREVAIL UPON EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME ON RETURN -15,771. COST OF GOODS SOLD NETTED WITH INVENTORY SALES ON RETURN -63,821. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME ON RETURN -15,771. COST OF GOODS SOLD NETTED WITH INVENTORY SALES ON RETURN -63,821. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS ROBERT EASTON AND PAUL REGAN III ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY APPROPRIATE MANAGEMENT AND BOARD TRUSTEES PRIOR TO FILING. 990 IS MADE AVAILABLE TO TRUSTEES ON A SECURE WEBSITE AND THEY ARE NOTIFIED ANNUALLY WHEN IT BECOMES AVAILABLE FOR THEIR INSPECTION AND DOWNLOAD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ANNUALLY HAS ITS MEMBERS REVIEW AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY. WHERE CONFLICTS MAY EXIST MULTIPLE BIDS FOR WORK ARE OBTAINED SO AS TO BE CERTAIN GOODS AND SERVCIES ARE BEING OBTAINED UNDER TERMS AND AT A PRICE AT LEAST AS GOOD AS AVAILABLE FROM A THIRD PARTY IN AN ARM'S LENGTH TRANSACATION. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE REVEIWS AND RECOMMENDS THE COMPENSATION LEVELS OF SENIOR MANAGEMENT ANNUALLY. STAFF COMPENSATION IS SET BY THE HUMAN RESOURCES COMMITTEE IN CONSULTATION WITH SENIOR MANAGEMENT. THE BUDGET AND FINANCE COMMITTEES EXERCISE FINAL REVEIW OF ALL COMPENSATION AS PART OF THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST F THE ORGANIZATIONS FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND PREPARATION OF FORM 990. FORM 990 IS MADE AVAILABLE TO ALL TRUSTEES VIA A SECURED WEBSITE PRIOR TO BEING FILED. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.