Nonprofit · EIN 25-1457038
FRIENDS OF DRAKE WELL INC
Tax-exempt · TITUSVILLE, PA 16354
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $218,328 | $279,019 | -$60,691 | $757,160 | $2,414 | $754,746 |
| June 30, 2024 | 990 | $217,686 | $316,220 | -$98,534 | $816,850 | $5,558 | $811,292 |
| June 30, 2023 | 990 | $284,434 | $221,405 | $63,029 | $907,107 | $2,384 | $904,723 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $110,619
- Program service revenue
- $53,545
- Investment income
- $22,449
- Net income from fundraising events
- $8,482
- Net income from sales of inventory
- $19,484
- Other revenue
- $31,715
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $149,374
- Salaries, compensation and benefits (total)
- $165,690
- Professional fundraising fees
- $0
- Accounting fees
- $8,268
- Occupancy
- $13,181
- Program services (functional)
- $232,798
- Management and general (functional)
- $28,379
- Fundraising (functional)
- $17,842
Balance sheet and other
- Total assets, start of year
- $816,850
- Total assets, end of year
- $757,160
- Total liabilities, end of year
- $2,414
- Net assets, end of year
- $754,746
- Publicly traded securities
- $189,994
- Net assets without donor restrictions
- $372,441
- Net assets with donor restrictions
- $382,305
- Gross receipts
- $250,787
- Employees
- 12
- Volunteers
- 90
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EMILY ALTOMARE | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| JOSEPH CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY CRESSMAN | PRESIDENT Trustee or director, Officer | 3 | $0 |
| ROBERT FELTON | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWRENCE FLEDDERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| KELLY GREGG | BOARD MEMBER Trustee or director | 1 | $0 |
| ART JENNINGS | BOARD MEMBER Trustee or director | 1 | $0 |
| GERALD KNICKERBOCKER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALFONSO RICKERSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DONALD ROG | BOARD MEMBER Trustee or director | 1 | $0 |
| TAMARA ROTHSCHILD | SECRETARY Trustee or director, Officer | 2 | $0 |
| JASON RUGGIERO | BOARD MEMBER Trustee or director | 1 | $0 |
| MEGAN STERNAGEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barry Cressman | President Trustee or director, Officer | 3 | $0 |
| Emily Altomare | Vice President Trustee or director, Officer | 2 | $0 |
| Alfonso Rickerson | Secretary Trustee or director, Officer | 2 | $0 |
| Megan Sternagel | Treasurer Trustee or director, Officer | 2 | $0 |
| Joseph Carter | Board Member Trustee or director | 1 | $0 |
| Robert Felton | Board Member Trustee or director | 1 | $0 |
| Lawrence Fledderman | Board Member Trustee or director | 1 | $0 |
| Art Jennings | Board Member Trustee or director | 1 | $0 |
| Gerald Knickerbocker | Board Member Trustee or director | 1 | $0 |
| Tamera Rothschild | Board Member Trustee or director | 1 | $0 |
| Jason Ruggiero | Board Member Trustee or director | 1 | $0 |
| Joseph Thompson | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID DUBOIS | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD BAKER | PRESIDENT Trustee or director, Officer | 3 | $0 |
| ANN WARNER | BOARD MEMBER Trustee or director | 1 | $0 |
| CAROLE HALL | SECRETARY Trustee or director, Officer | 2 | $0 |
| ART JENNINGS | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE COLEMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| EMILY ALTOMARE | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| BOB FELTON | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY CRESSMAN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 205 MUSEUM LN, TITUSVILLE, PA 16354-7657
- In care of
- % DRAKE WELL MUSEUM
- Principal officer (990 for 2024)
- BARRY CRESSMAN, 12115 N PERRY ROAD, TITUSVILLE, PA 16354
- Signed the 990
- BARRY CRESSMAN, PRESIDENT
- Phone
- (814) 827-2797
- Website
- WWW.DRAKEWELL.ORG
- Return prepared by
- MATTERN CPA LLC
Mission
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 BY PROVIDING STAFFING FOR THE SITE, EDUCATIONAL PROGRAMMING INCLUDING THE SCHOOL TOUR PROGRAM, MARKETING/PROMOTION AND OUTREACH, PRESERVATION OF THE MUSEUM'S COLLECTIONS, AND MORE.
Program accomplishments
- FRIENDS OF DRAKE WELL PROVIDES SUPPORT FOR ALL THE EVENTS AND EDUCATIONAL PROGRAMS PRESENTED BY DRAKE WELL MUSEUM AND PARK AND ITS ASSOCIATED SITE OF HISTORIC PITHOLE CITY. THIS SUPPORT INCLUDES BUT IS NOT LIMITED TO MARKETING AND PROMOTING ALL EVENTS AND PROGRAMS (ADVERTISING, FLYERS, SOCIAL MEDIA, LOCAL NEWS MEDIA), PURCHASING SUPPLIES AND MATERIALS NEEDED FOR THE EVENTS AND PROGRAMS, SECURING NEARLY 15,000 IN EVENT SPONSORSHIPS (FY 24-25), AND ASSISTING WITH THE PLANNING, DEVELOPMENT AND IMPLEMENTATION OF EACH EVENT AND PROGRAM. DRAKE WELL MUSEUM AND PARK HOLDS AT LEAST NINE DIFFERENT EVENTS EACH YEAR; THESE DO NOT INCLUDE FUNDRAISING EVENTS. MAIN EVENTS FOR THE SITE INCLUDE THE WISDOM & MORE LECTURE SERIES HELD EVERY THURSDAY EVENING IN MARCH (86 ATTENDEES TOTAL IN LAST FISCAL YEAR), DISCOVERY DAYS CHILDREN'S SUMMER CAMP ON THURSDAYS IN JULY (67 CAMPERS TOTAL IN LAST FISCAL YEAR), DRAKE DAY CELEBRATION IN AUGUST (426 ATTENDEES IN LAST FISCAL YEAR), AND THE FALL GAS UP IN SEPTEMBER (315 ATTENDEES IN LAST FISCAL YEAR) WHICH SHOWCASES VARIOUS EQUIPMENT FROM THE EARLY OILFIELDS OF PENNSYLVANIA. DRAKE WELL MUSEUM HAD 18,098 VISITORS TO THE SITE IN FY 2024-25; OVER 1,940 OF THESE VISITORS WERE PROGRAM AND EVENT ATTENDEES. FRIENDS OF DRAKE WELL ALSO PROVIDED MARKETING, SUPPLIES, SPONSORSHIPS, AND PLANNING AND DEVELOPMENT FOR EVENTS AT HISTORIC PITHOLE CITY INCLUDING ITS CABIN FEVER PARTY IN FEBRUARY, LANTERN TOURS IN OCTOBER, AND ITS SUMMER SEASON OPERATION WHICH INCLUDED EDUCATIONAL HISTORICAL DEMONSTRATIONS AS WELL AS TOUR GUIDES. IN ADDITION TO PROGRAMS AND EVENTS, FRIENDS OF DRAKE WELL ALSO SUPPORTS DRAKE WELL MUSEUM'S SCHOOL TOUR PROGRAM BY PROVIDING FUNDING TO COVER ALL ADMISSION COSTS FOR SCHOOLS WISHING TO TOUR THE SITE. SCHOOLS CAN ALSO RECEIVE ASSISTANCE WITH THEIR TRANSPORTATION COSTS TO GET TO AND FROM THE MUSEUM. THE SCHOOL TOUR PROGRAM IS FUNDED THROUGH GRANTS. DRAKE WELL MUSEUM HAD 2,599 SCHOOL STUDENTS FROM 44 DIFFERENT SCHOOL GROUPS VISIT THE SITE IN FY 2024-25. THE SCHOOLS WERE A MIXTURE OF PUBLIC, PRIVATE, HOMESCHOOL, AND CHARTER INSTITUTIONS WITH GRADES REPRESENTED FROM KINDERGARTEN TO 12TH GRADE. FRIENDS OF DRAKE WELL ALSO DID MARKETING FOR THE SCHOOL TOURS IN LOCAL NEWS MEDIA AND ON SOCIAL MEDIA PLATFORMS. FRIENDS OF DRAKE WELL ALSO ASSISTS DRAKE WELL MUSEUM IN ITS EDUCATIONAL MISSION BY PUBLISHING EDUCATIONAL MATERIAL FOR THE PUBLIC AND ITS MEMBERSHIP ON THE MUSEUM'S WEBSITE AS WELL AS ITS SOCIAL MEDIA PLATFORMS. FRIENDS OF DRAKE WELL PUBLISHES THE AWARD-WINNING OILFIELD JOURNAL EVERY OTHER YEAR FOR THE PUBLIC AND MEMBERSHIP. THE PUBLICATION IS A SCHOLARLY JOURNAL OF 86-88 PAGES OF ARTICLES FOCUSED ON THE EARLY PETROLEUM INDUSTRY OF PENNSYLVANIA. THE JOURNAL IS MADE POSSIBLE THROUGH GRANTS SECURED BY FRIENDS OF DRAKE WELL. ASIDE FROM PROGRAMS, SCHOOL TOURS, AND PUBLICATIONS, FRIENDS OF DRAKE WELL ALSO ASSISTS THE MUSEUM IN THE DEVELOPMENT AND PRESERVATION OF ITS EXHIBITS AND COLLECTIONS, FURTHERING ITS EDUCATIONAL MISSION. FRIENDS OF DRAKE WELL SECURED BOTH CASH AND IN-KIND DONATIONS TO RESTORE A 1978 NITRO TRUCK, USED BY THE OTTO CUPLER TORPEDO COMPANY TO REVITALIZE OLD OIL WELLS USING NITROGLYCERIN. THE TRUCK WILL BE USED TO EDUCATE VISITORS AND SCHOOL CHILDREN ON THIS IMPORTANT ASPECT OF THE PETROLEUM INDUSTRY IN PENNSYLVANIA. FRIENDS OF DRAKE WELL HAS ALSO PROVIDED FUNDING AND DEVELOPMENT FOR NEW INTERPRETIVE OUTDOOR SIGNAGE AT HISTORIC PITHOLE CITY, ALLOWING VISITORS TO BETTER UNDERSTAND THE LAYOUT AND CULTURE OF A 19TH CENTURY OIL BOOMTOWN.Expenses $232,798
- FRIENDS OF DRAKE WELL PERFORMS ALL MARKETING, PROMOTION, AND OUTREACH FOR DRAKE WELL MUSEUM AND PARK AND ITS ASSOCIATED SITE OF HISTORIC PITHOLE CITY. FRIENDS OF DRAKE WELL REVITALIZED THE MUSEUM'S OUTREACH PROGRAM AT THE END OF FY 24-25 BY HIRING A FULL-TIME OUTREACH COORDINATOR AND HAVING THAT PERSON ATTEND VARIOUS COMMUNITY AND REGIONAL EVENTS IN AN EFFORT TO PROMOTE DRAKE WELL MUSEUM AND BRING IN MORE VISITORS TO THE SITE. THE COORDINATOR AND VOLUNTEERS HOST INFORMATIONAL TABLES AT COUNTY FAIRS, COMMUNITY FESTIVALS, AND OTHER SIMILAR EVENTS WHERE THEY CAN PROVIDE INFORMATION ON THE MUSEUM AND ITS EXHIBITS/GROUNDS, ITS MISSION, THE HISTORY OF THE EARLY PETROLEUM INDUSTRY OF PENNSYLVANIA, AND SCHEDULING TOURS AND VISITS. THE COORDINATOR ALSO ATTENDS CONVENTIONS FOR BUS TOUR COMPANIES AND ACTIVELY CONTACTS TOUR COMPANIES AND SIMILAR BUSINESSES TO ENCOURAGE THEM TO VISIT DRAKE WELL MUSEUM. IN ADDITION TO THE OUTREACH PROGRAM, FRIENDS OF DRAKE WELL ALSO DEVELOPS, RELEASES, AND FUNDS ALL MARKETING MATERIALS FOR THE MUSEUM INCLUDING PRESS RELEASES, POSTERS AND FLYERS, PRINT ADVERTISEMENTS, RADIO ADVERTISEMENTS, AND DIGITAL MARKETING CAMPAIGNS ON WEBSITES AND SOCIAL MEDIA PLATFORMS. FRIENDS OF DRAKE WELL ALSO PROVIDES THE FUNDING FOR THE MUSEUM'S WEBSITE.
- FRIENDS OF DRAKE WELL EMPLOYS UP TO 9 DIFFERENT STAFF THROUGHOUT THE YEAR TO SUPPORT THE OPERATION AND MISSION OF DRAKE WELL MUSEUM AND ITS ASSOCIATED SITE HISTORIC PITHOLE CITY. THE ORGANIZATION'S STAFF INCLUDES A FULL-TIME EXECUTIVE DIRECTOR WHO OVERSEES ALL FUNDRAISING, DEVELOPMENT, AND MARKETING FOR THE MUSEUM AS WELL AS ASSISTING WITH THE MANY DIFFERENT PROJECTS, PROGRAMS AND EVENTS HELD BY THE MUSEUM. THERE IS ALSO A FULL-TIME OUTREACH COORDINATOR WHO OVERSEES THE NEW OUTREACH PROGRAM FOR THE MUSEUM, AND A FULL-TIME EMPLOYEE WHO PERFORMS ALL CUSTODIAL DUTIES FOR THE MUSEUM AS WELL AS ASSISTING WITH ADMISSIONS AND CURATORIAL PROJECTS. IN ADDITION TO THE THREE FULL-TIME STAFF, FRIENDS OF DRAKE WELL ALSO EMPLOYS A PART- TIME BOOKKEEPER, AND TWO PART-TIME STAFF TO OPERATE THE MUSEUM'S ADMISSIONS POINT OF SALES AND GIFT SHOP. THREE SEASONAL PART-TIME STAFF, FUNDED THROUGH A PRIVATE GRANT, ASSIST WITH THE OPERATION AND HISTORICAL INTERPRETATION OF DRAKE WELL MUSEUM'S FULL SCALE WORKING REPLICA OF THE ORIGINAL DRAKE WELL OF 1859. ANOTHER SEASONAL PART-TIME EMPLOYEE IS THE PITHOLE COORDINATOR WHICH OVERSEES OPERATIONS OF HISTORIC PITHOLE CITY, AN ASSOCIATED SITE OF THE MUSEUM, DURING THE SUMMER MONTHS. FINALLY, FRIENDS OF DRAKE WELL PROVIDES FUNDING THROUGH PRIVATE GRANTS FOR THE HIRING OF TWO STUDENT INTERNS EVERY SUMMER. THESE INTERNS ASSIST WITH EDUCATIONAL PROGRAMMING INCLUDING THE CHILDREN'S SUMMER CAMP, CURATORIAL PROJECTS, SCHOOL TOURS, AND THE OPERATION AND INTERPRETATION OF HISTORIC PITHOLE CITY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1457038
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $757,160
- Income (IRS master file)
- $250,787
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $218,328 | $279,019 | $757,160 | IRS |
| 990 | June 2024 | $217,686 | $316,220 | $816,850 | IRS |
| 990 | June 2023 | $284,434 | $221,405 | $907,107 | XML |
| 990 | June 2022 | $188,426 | $177,061 | $827,552 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1457038).
Questions about FRIENDS OF DRAKE WELL INC
- What is the EIN of FRIENDS OF DRAKE WELL INC?
- The employer identification number (EIN) of FRIENDS OF DRAKE WELL INC is 25-1457038.
- Is FRIENDS OF DRAKE WELL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to FRIENDS OF DRAKE WELL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF DRAKE WELL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF DRAKE WELL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF DRAKE WELL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF DRAKE WELL INC?
- The 990 for the year ended June 30, 2025 names BARRY CRESSMAN.
- Who are the officers and directors of FRIENDS OF DRAKE WELL INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF DRAKE WELL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $218,328, expenses of $279,019 and total assets of $757,160 at year end.
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