HARRIET U ALLYN TESTAMENTARY TRUST

EIN: 060646663 501(c)(3) Arts, Culture & Humanities

NEW LONDON, CT

Total Revenue
$3,469,236
Total Expenses
$1,898,259
Total Assets
$12,526,727
Net Assets
$9,674,403
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CT
Principal Officer
D SAMUEL QUIGLEY
Phone
8604432545
Tax Period
2024-07-01 to 2025-06-30

HARRIET U ALLYN TESTAMENTARY TRUST, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 45% operating margin.

Mission

TO MAKE ART ENJOYABLE, INSPIRATIONAL AND ACCESSIBLE TO THE PEOPLE OF NEW LONDON, NEW ENGLAND AND BEYOND. THE LYMAN ALLYN ART MUSEUM PRESERVES, ENHANCES, DISPLAYS AND ILLUMINATES A COLLECTION OF FINE AND DECORATIVE ARTS, HELD IN TRUST FOR THE PUBLIC AND IN ACCORDANCE WITH THE HIGHEST ETHICAL STANDARDS. THERE IS COMMITMENT TO MAKE THE MUSEUM A GATHERING PLACE FOR LEARNING AND THE PASSIONATE EXCHANGE OF IDEAS THAT EDUCATE, ENRICH AND RESONATE WITH THE LIVES OF ALL IN THEIR COMMUNITIES. THE MUSEUM'S GOAL IS TO REVEAL THE POWER OF ART WITH THOUGHT-PROVOKING EXHIBITIONS AND DYNAMIC PROGRAMS IN AND AROUND THE HISTORIC BUILDINGS AND GROUNDS.

Program Service Accomplishments

Program 1
Expenses: $1,176,330 Revenue: $68,215

OPERATION, CARE, MAINTENANCE AND IMPROVEMENT OF LYMAN ALLYN ART MUSEUM AND PARK IN NEW LONDON, CONNECTICUT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,029,711
Program Service Revenue $68,215
Investment Income $223,106
Other Revenue $148,204
TOTAL REVENUE $3,469,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $948,306
Fundraising Expenses $145,554
Program Expenses $1,176,330
Other Expenses $949,953
TOTAL EXPENSES $1,898,259

Year-over-Year Comparison

2024 2023 Change
Revenue $3,469,236 $1,771,865 +1.0%
Expenses $1,898,259 $1,887,476 +0.0%
Net Income $1,570,977 $-115,611 -14.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
18
Volunteers
13

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$181,857
Total Directors
24
$181,857
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZA SHARP PRESIDENT 2.00
Officer Director
$0 $0 $0
JOSEPH ALCHERMES VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LONNIE BRAXTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
NICHOLAS FORTSON TREASURER 2.00
Officer Director
$0 $0 $0
PAUL SMIRNOFF SECRETARY 2.00
Officer Director
$0 $0 $0
D SAMUEL QUIGLEY DIRECTOR 37.50
Officer Director
$172,988 $8,869 $181,857
GAIL BARLEY TRUSTEE 2.00
Director
$0 $0 $0
ARLINE CULP TRUSTEE 2.00
Director
$0 $0 $0
KERRY DAVIS TRUSTEE 2.00
Director
$0 $0 $0
PATRICK DEROSIER TRUSTEE 2.00
Director
$0 $0 $0
RICHARD DIETRICH III TRUSTEE 2.00
Director
$0 $0 $0
BURGESS DOLE TRUSTEE 2.00
Director
$0 $0 $0
DOUGLAS DUMOND TRUSTEE 2.00
Director
$0 $0 $0
TRACY ESPY TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY GODLEY TRUSTEE 2.00
Director
$0 $0 $0
JOSE GONZALEZ TRUSTEE 2.00
Director
$0 $0 $0
LILLIAN KING TRUSTEE 2.00
Director
$0 $0 $0
ANDREW LYNN TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM MITCHELL TRUSTEE 2.00
Director
$0 $0 $0
MARY RICHARDSON TRUSTEE 2.00
Director
$0 $0 $0
JOHN SCHROEDER TRUSTEE 2.00
Director
$0 $0 $0
JON SPROUL TRUSTEE 2.00
Director
$0 $0 $0
MELISSA SWAN TRUSTEE 2.00
Director
$0 $0 $0
PIERRE WICKER TRUSTEE 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,469,236 $1,898,259 $12,526,727 $1,570,977
2024 $1,771,865 $1,887,476 $9,725,835 $-115,611
2023 $1,996,719 $1,888,242 $9,672,441 $108,477
2022 $2,258,330 $1,584,598 $9,406,503 $673,732
2021 $1,336,578 $1,247,008 $9,781,816 $89,570
2020 $770,927 $1,094,502 $9,118,807 $-323,575
2019 $869,070 $1,309,374 $9,437,234 $-440,304
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