Classical American Homes Preservation Trust
- Assets
- $132.1m
- Revenue
- $8.1m
- Investments
- $73.6m
- Employees
- 0
- Location
- Hillsborough, NC
- Founding
- 09/1994
- Data as of
- 12/2021
- 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 12/2021, Classical American Homes Preservation Trust generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Robert Leath President | 40 | $225,000 | |
Sharon Frank Cfo/treasurer | 40 | $126,539 | |
Jeffrey Klee Vice President | 40 | $113,390 | |
Grant Steven Quertermous Curator & Director O | 40 | $100,000 | |
Ernie Townsend Site Supervisor | 40 | $100,000 | |
Louis Hall Site Supervisor | 40 | $80,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wayne Thompson Heritage Restoration | 12/30/21 | $57,000 |
William V Singleton | 12/30/21 | $55,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $177,174 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,482,003 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,368,718 |
| Capital Gain Net Income | $6,368,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $85,256 |
| Total Revenue | $8,113,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $524,737 |
| Other employee salaries and wages | $932,166 |
| Pension plans, employee benefits | $311,464 |
| Interest | $0 |
| Taxes | $171,750 |
| Depreciation | $977,173 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,445 |
| Printing and publications | $0 |
| Other expenses | $1,423,349 |
| Total operating and administrative expenses | $4,783,027 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,783,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,662 |
| Savings and temporary cash investments | $1,173,052 |
| 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 | $19,309,985 |
| Net Land, buildings, and equipment | $56,764,811 |
| Other assets | $0 |
| Total assets | $132,123,539 |
| 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 $1,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hillsborough, NC PURPOSE: MADE IN MEMORY OF CRAUFORD GOODWIN, WHO OWNED THE ADJACENT PROPERTY TO AYR MOUNT | $1,000 |
Camden, SC PURPOSE: MADE IN MEMORY OF MCCOY METTS HILL, A DESCENDANT OF THE MANNING FAMILY AND SUPPORTER OF MILFORD PLANTATION | $250 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Classical American Homes Preservation Trust has recieved totaling $19,650.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,150 |
Bessent-Freeman Family Foundation Charleston, SC PURPOSE: GENERAL | $2,500 |
Thomas Rutherfoord Foundation Alexandria, VA PURPOSE: TO FUND CHARITABLE ACTIVITIES. | $1,000 |
Daniel - Mickel Foundation Greenville, SC PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Society Of Charleston Charleston, SC | $9,215,770 | $2,455,681 |