Classical American Homes Preservation Trust
- Assets
- $125.3m
- Revenue
- $3.4m
- Investments
- $83.5m
- Employees
- 0
- Location
- Hillsborough, NC
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 13-3747036
Organization Overview
Classical American Homes Preservation Trust is located in Hillsborough, NC. The organization was established in 1994. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical American Homes Preservation Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Classical American Homes Preservation Trust generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Classical American Homes Preservation Trust has awarded 29 individual grants totaling $425,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE, PROTECT AND OPEN TO THE PUBLIC EXAMPLES OF CLASSICAL AMERICAN RESIDENTIAL ARCHITECTURE, SURROUNDING LANDSCAPES AND SCENIC TRAILS, AS WELL AS FINE AND DECORATIVE ARTS OF THE FIRST HALF OF THE NINETEENTH CENTURY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buddy Jenrette Chairman Emeritus | 5 | $0 | |
Charles Hp Duell Director | 5 | $0 | |
Scott H Bessent Vice President | 8 | $0 | |
Michael A Boyd Director | 8 | $0 | |
Lucy Clark Dougherty Chairman | 10 | $0 | |
Craig R Callen Treasurer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard Marks Restorations Inc | 12/30/23 | $1,166,356 |
Mccorquodale Transfer Inc | 12/30/23 | $95,651 |
Urban Forestry Works Inc | 12/30/23 | $81,500 |
Thesis Content | 12/30/23 | $80,000 |
Outfitters4 Inc | 12/30/23 | $79,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $650,555 |
| Interest on Savings | $1,168,139 |
| Dividends & Interest | $1,592,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$121,969 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70,788 |
| Total Revenue | $3,359,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $717,202 |
| Other employee salaries and wages | $588,486 |
| Pension plans, employee benefits | $197,803 |
| Interest | $0 |
| Taxes | $106,322 |
| Depreciation | $634,755 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $142,266 |
| Printing and publications | $0 |
| Other expenses | $1,708,263 |
| Total operating and administrative expenses | $4,699,554 |
| Contributions, gifts, grants paid | $413,500 |
| Total expenses and disbursements | $5,113,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,320 |
| Savings and temporary cash investments | $3,920,385 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,912,324 |
| Net Land, buildings, and equipment | $37,314,386 |
| Other assets | $0 |
| Total assets | $125,293,764 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Classical American Homes Preservation Trust has awarded $413,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
THE ADMNISTRATORS OF THE TULANE EDUCATIONAL FUND PURPOSE: FOR STUDENT SUPPORT | $25,000 |
AMERICAN COLLEGE OF THE BUILDING ARTS PURPOSE: FOR STUDENT EXTERNSHIPS | $100,000 |
ARTS IGNITE PURPOSE: FOR ADMINISTRATIVE SUPPORT | $5,000 |
AIA FOUNDATION PURPOSE: FOR ADMINISTRATIVE SUPPORT | $5,000 |
CLEMSON FUND PURPOSE: FOR STUDENT SUPPORT | $54,000 |
COLUMBIA UNIVERSITY PURPOSE: FOR STUDENT SUPPORT AND A CONVENING OF SCHOLARS | $30,000 |