FRIENDS OF DRAKE WELL INC Charity Report

Public IRS 990 nonprofit record

FRIENDS OF DRAKE WELL INC

EIN 25-1457038 · Visual Arts (A40)

What they do

FRIENDS of DRAKE WELL, INC., is A NONPROFIT COMMUNITY-BASED ORGANIZATION THAT ACTIVELY SUPPORTS THE ADMINISTRATION and OPERATION of DRAKE WELL MUSEUM and PARK and ITS ASSOCIATED SITE, HISTORIC PITHOLE CITY, IN PARTNERSHIP WITH THE PENNSYLVANIA HISTORICAL and MUSEUM COMMISSION. FRIENDS of DRAKE WELL SUPPORTS DRAKE WELL MUSEUM IN SEVERAL VITAL WAYS INCLUDING BUT NOT LIMITED to FUNDRAISING for THE MUSEUMS MANY DIFFERENT PROJECTS and PROGRAMS THROUGH PRIVATE and PUBLIC GRANTS and SPONSORSHIPS INCLUDING THE SCHOOL TOUR PROGRAM and SUMMER DAY CAMP; DEVELOPMENT and PRESERVATION of THE SITES EXHIBITS and COLLECTIONS IN CASH and IN KIND; OVERSEEING THE MARKETING/PROMOTION and PUBLIC OUTREACH of THE MUSEUM and ALL ITS ACTIVITIES; FOSTERING LOCAL COMMUNITY ENGAGEMENT and SUPPORT for THE SITE; and STAFFING THE SITES VISITOR SERVICE NEEDS INCLUDING ADMISSIONS, TOUR GUIDES, and OUTDOOR EXHIBIT INTERPRETATION. FRIENDS of DRAKE WELL is THE LIFE LINE for DRAKE WELL MUSEUMS FUNDRAISING EFFORTS LOCAL

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

106.63%of revenue went to mission work83.4% of expenses · Program services

8.17%of revenue went to fundraising6.4% of expenses

$127.80spent for every $100 of revenueSpending was higher than revenue this year.

13.00%of revenue went to management and office costs10.2% of expenses

$2.71in assets for every $1 spent this yearSome assets cannot be spent right away.

50.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $60,691 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$218,328

Mission workProgram services$232,798106.63% of revenue83.4% of expenses

ManagementOffice and general costs$28,37913.00% of revenue10.2% of expenses

FundraisingAsking for donations$17,8428.17% of revenue6.4% of expenses

Total expenses$279,019127.80% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.4% mission · 10.2% management · 6.4% fundraisingTotal expenses: 127.80% of revenue

2023Expense mix: 90.7% mission · 11.5% management · 2.3% fundraisingTotal expenses: 145.26% of revenue

2022Expense mix: 82.1% mission · 15.3% management · 2.6% fundraisingTotal expenses: 77.84% of revenue

2021Expense mix: 78.6% mission · 17.9% management · 3.4% fundraisingTotal expenses: 93.97% of revenue

2020Expense mix: 75.3% mission · 20.5% management · 4.2% fundraisingTotal expenses: 72.16% of revenue

2019Expense mix: 79.3% mission · 18.5% management · 2.3% fundraisingTotal expenses: 122.38% of revenue

2018Expense mix: 81.3% mission · 17.0% management · 1.7% fundraisingTotal expenses: 123.29% of revenue

2017Expense mix: 81.8% mission · 16.4% management · 1.8% fundraisingTotal expenses: 93.23% of revenue

Money in and money out

Revenue$218,328

Expenses$279,019

Annual shortfall $60,691 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$232,798 · 83.4% of expenses

Management and office costs$28,379 · 10.2% of expenses

Fundraising$17,842 · 6.4% of expenses

See all reported dollar amounts

Revenue$218,328

Expenses$279,019

Assets$757,160

Income$250,787

Contributions$110,619

Mission work (program services)$232,798

Fundraising$17,842

Management and general$28,379

Stocks and bonds$189,994

Accounting fees$8,268

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (14)

ALFONSO RICKERSONTREASURER

ART JENNINGSBOARD MEMBER

BARRY CRESSMANPRESIDENT

DONALD ROGBOARD MEMBER

EMILY ALTOMAREVICE PRESIDE

GERALD KNICKERBOCKERBOARD MEMBER

JASON RUGGIEROBOARD MEMBER

JOSEPH CARTERBOARD MEMBER

JOSEPH THOMPSONBOARD MEMBER

KELLY GREGGBOARD MEMBER

LAWRENCE FLEDDERMANBOARD MEMBER

MEGAN STERNAGELBOARD MEMBER

ROBERT FELTONBOARD MEMBER

TAMARA ROTHSCHILDSECRETARY

About this charity

Recognized since: January 1984
Location: 205 MUSEUM LN, TITUSVILLE, PA 16354-7657
County: Crawford
In care of: % DRAKE WELL MUSEUM
Primary officer: BARRY CRESSMAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(814) 827-2797

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MATTERN CPA LLC
NTEE classification: Visual Arts (A40)
IRS tax category: Visual Arts