THE NEW YORK CITY POLICE MUSEUM

EIN: 134000578 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$64,714
Total Expenses
$74,441
Total Assets
$1,239,298
Net Assets
$1,107,211
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Phone
2124803100
Tax Period
2024-07-01 to 2025-06-30

THE NEW YORK CITY POLICE MUSEUM, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $65K in total revenue in fiscal year 2024. Revenue surged 206% from the prior year, signaling strong growth momentum. Expenses of $74K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO PRESERVING THE HISTORY OF THE NEW YORK CITY POLICE DEPARTMENT. THROUGH ITS EXHIBITIONS, COLLECTIONS, AND EDUCATIONAL PROGRAMMING, THE MUSEUM ILLUSTRATES HOW THE POLICIES AND CULTURE OF THE NYPD HAVE EVOLVED OVER TIME TO MEET THE CHANGING NEEDS OF THE CITY. THE MUSEUM SERVES AS AN EDUCATIONAL INSTITUTION, LIVING MEMORIAL, AND BRIDGE OF UNDERSTANDING BETWEEN THE VARIOUS COMMUNITIES OF NEW YORK, THE INTERNATIONAL COMMUNITY AND THE NEW YORK CITY POLICE DEPARTMENT.

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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 $0
Program Service Revenue $0
Investment Income $64,121
Other Revenue $593
TOTAL REVENUE $64,714

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,389
Fundraising Expenses $0
Program Expenses $18,336
Other Expenses $28,052
TOTAL EXPENSES $74,441

Year-over-Year Comparison

2024 2023 Change
Revenue $64,714 $21,135 +2.1%
Expenses $74,441 $75,208 0.0%
Net Income $-9,727 $-54,073 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
20
Independent Members
20
Employees
3
Volunteers
N/A

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
$36,330
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CRONIN Executive D 7.00
Officer
$21,840 $0 $21,840
VERONICA WILLIS DEPUTY DIRECTOR 7.00
Officer
$14,490 $0 $14,490
CAROL SAFIR Trustee 5.00
Director
$0 $0 $0
BRIAN WATERMAN Trustee 5.00
Director
$0 $0 $0
JOHN A FLYNN Trustee 5.00
Director
$0 $0 $0
PATRICK E KELLEHER Trustee 3.00
Director
$0 $0 $0
CYNTHIA BROWN Trustee 3.00
Director
$0 $0 $0
RICH PEPE Trustee 3.00
Director
$0 $0 $0
GERRY BYRNE Trustee 3.00
Director
$0 $0 $0
ANTHONY TOLIVER Trustee 3.00
Director
$0 $0 $0
JOHN A CATSIMATIDIS Trustee 3.00
Director
$0 $0 $0
LEW LEONE Trustee 5.00
Director
$0 $0 $0
KENT M SWIG Trustee 5.00
Director
$0 $0 $0
LOIS KENNEDY Trustee 3.00
Director
$0 $0 $0
DR EUGENE M HOLUKA Trustee 3.00
Director
$0 $0 $0
RUDY WASHINGTON Trustee 3.00
Director
$0 $0 $0
TERENCE E SMOLEV Vice President 5.00
Officer
$0 $0 $0
ROBERT FAGENSON Vice President 5.00
Officer
$0 $0 $0
DAVID M GILDEA Chairman 5.00
Officer
$0 $0 $0
DAVID BLUMENFELD Vice President 5.00
Officer
$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 $64,714 $74,441 $1,239,298 $-9,727
2024 $21,135 $75,208 $1,207,511 $-54,073
2023 $57,718 $75,572 $1,213,974 $-17,854
2022 $46,602 $97,864 $1,158,334 $-51,262
2021 $18,406 $97,488 $1,282,233 $-79,082
2020 $53,409 $146,923 $1,245,421 $-93,514
2019 $80,673 $171,841 $1,391,181 $-91,168
2018 $114,410 $266,037 $1,500,789 $-151,627
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