The Jay Heritage Center

Nonprofit profile at a glance

EIN
133585332
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
RYE, NY, USA
Phone
9146989275
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$874,638
Expenses
$806,741
Assets
$11,309,669
Liabilities
$10,795

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • SUZANNE CLARY (PRESIDENT)
  • TRACY L EDWARDS (VICE PRESIDENT)
  • CAROLINE OLMSTEAD WALLACH (VICE PRESIDENT)

People named in this filing

  • SUZANNE CLARY (PRESIDENT)
  • MICHAEL A KOVNER (ADVISORY BOARD MEMBER)
  • TIM YATES (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Restore and preserve the 1838 peter augustus jay house, the 1907 carriage house and grounds for use as a center for public education with a focus on american history; arts and achitecture; landscape, and the legacy of john jay and the values fundamental to the continuing task of defining america.

What it reported doing in 2024

Public programs: guided tours of jay house restoration-in-progress, tours of boston post road historical district, publication of district guide, slide presentations, lectures and exhibits on history, architecture, and landscape: museum theater program for schools and public (striving for freedom) school programs on history and architecture in classrooms and on site, children's architectural discovery tour, architecture summer camp; and writing and distribution of a newsletter.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.2%; rating input score 83
  • Program expense ratio: 86.4%; rating input score 86
  • Fundraising efficiency: $15.5 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.8%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 14.02; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 83.2% of revenue deployed · 86.4% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $697K in reported program spending
  • Leadership: top reported pay $0 · 25 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • Review — Sustainability: Operating margin scored 57/100.