Kentucky Mansions Preservation Foundation Inc
- Assets
- $4.5m
- Revenue
- $396.3k
- Investments
- $0.0
- Employees
- 17
- Location
- Lexington, KY
- Founding
- 01/1969
- Data as of
- 06/2022
- EIN
- 23-7002838
Organization Overview
Kentucky Mansions Preservation Foundation Inc is located in Lexington, KY. The organization was established in 1969. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Kentucky Mansions Preservation Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Mansions Preservation Foundation Inc 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 06/2022, Kentucky Mansions Preservation Foundation Inc generated $396.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $355.5k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECOGNIZE AND ASSIST IN REUSE, RENOVATION, AND PRESERVATION EFFORTS FOR HISTORIC STRUCTURES AND SITES THROUGHOUT KENTUCKY, TO PROVIDE EDUCATIONAL OPPORTUNITIES ON PRESERVATION AND KENTUCKY HISTORY AND TO PROVIDE MANAGEMENT, MAINTENANCE SUPPORT FOR THE MARY TODD LINCOLN HOUSE IN LEXINGTON, KENTUCKY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARY TODD LINCOLN HOUSE CULTIVATES PUBLIC INTEREST IN THE MULTILAYERED PAST BY SHARING THE STORY OF A WOMAN WHOSE EXPERIENCES RESONATE TODAY. THE MUSEUM CONTINUED WITH THE SELF-GUIDED TOUR FORMAT LAUNCHED IN RESPONSE TO THE PANDEMIC AND SERVED 13,571 ON-SITE VISITORS IN FY2022. SOME ON-SITE SPECIAL PROGRAMS RESUMED, INCLUDING THE MUSEUM'S POPULAR PRESIDENTS' DAY FAMILY EVENT, WITH INTERACTIVE GAMES AND ACTIVITIES FOR CHILDREN. A PROJECT TO REINTERPRET THE FAMILY PARLOR, DINING ROOM, AND HALLWAYS WITH NEW WALLPAPERS, FLOORCOVERINGS, AND WINDOW COVERINGS WAS COMPLETED. NEW PIECES WERE ALSO ADDED TO MUSEUM'S COLLECTIONS, INCLUDING A GRANDFATHER CLOCK, A HORSE-HAIR COVERED SOFA, AND SIX CHAIRS THAT ORIGINALLY BELONGED TO THE TODDS. CARE OF THE HISTORIC PROPERTY CONTINUED, INCLUDING THE RESTORATION OF EIGHT WINDOWS.
HELM PLACE WAS PLACED IN TRUST TO KMPF IN 1996 AND DEEDED TO KMPF IN 2012 AFTER THE DEATH OF THE LAST TENANT. KMPF CONTINUED WORK IN FY2022 TO ENSURE THE LONG-TERM PRESERVATION OF THE PROPERTY AND IDENITFY THE PATH FORWARD TO DIVEST OF THE PROPERTY IN A WAY THAT MEETS BOTH OUR STEWARDSHIP AND FIDUCIARY RESPONSIBILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwen Thompson Executive Director | Trustee | 40 | $66,200 |
Wade Littrell Treasurer | OfficerTrustee | 2 | $0 |
Trudy Burkhard Secretary | OfficerTrustee | 2 | $0 |
Bill Howell Chair | OfficerTrustee | 2 | $0 |
Brady Dunnigan Vice Chairman | OfficerTrustee | 2 | $0 |
Trina Sheets Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,665 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,283 |
| Total Program Service Revenue | $183,266 |
| Investment income | $17,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,000 |
| Net Gain/Loss on Asset Sales | $4,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,107 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,104 |
| Compensation of current officers, directors, key employees. | $6,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,087 |
| Payroll taxes | $13,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,355 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $6,372 |
| Office expenses | $13,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $899 |
| Insurance | $13,138 |
| All other expenses | $13,215 |
| Total functional expenses | $355,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251 |
| Savings and temporary cash investments | $212,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,243 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,780 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,650,133 |
| Investments—publicly traded securities | $606,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,494,431 |
| Accounts payable and accrued expenses | $5,053 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,053 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,002,594 |
| Retained earnings, endowment, accumulated income, or other funds | $486,784 |
| Total liabilities and net assets/fund balances | $4,494,431 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kentucky Mansions Preservation Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
United Soccer Coaches Association Kansas City, MO | $4,636,300 | $5,313,564 |
Wheatland Township Athletic Association Inc Aurora, IL | $4,158,124 | $2,808,374 |
Active Transportation Alliance Chicago, IL | $1,649,149 | $2,942,303 |
Maine-Niles Association Of Special Recreation Morton Grove, IL | $1,450,552 | $1,810,056 |
A H R M A Elora, TN | $355,476 | $1,651,108 |
Greater Libertyville Soccer Association Inc Libertville, IL | $3,518,795 | $1,495,963 |
Chicago City Soccer Club Chicago, IL | $685,341 | $1,785,211 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Rattlesnake Island Club Inc Port Clinton, OH | $3,955,354 | $1,478,628 |
Commanderie De Bordeaux Inc Brentwood, TN | $1,195,478 | $1,296,061 |