Kentucky Mansions Preservation Foundation Inc
- Assets
- $4.1m
- Revenue
- -$75.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Lexington, KY
- Founding
- 01/1969
- Data as of
- 06/2023
- 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 06/2023, Kentucky Mansions Preservation Foundation Inc employed 16 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 MUSEIUM SERVED OVER 14,300 ON-SITE VISITORS IN FY2023. IN ADDITION TO DAILY TOURS, SPECIAL EDUCATIONAL PROGRAMS INCLUDED MARY LINCOLN'S BIRTHDAY EVENT, A PRESIDENTS' DAY FAMILY EVENT, AND A DOWNTOWN HISTORY WALK. CONTINUED PRESERVATION OF THE PROPERTY IN FY2023 INCLUDED THE RESTORATION OF WINDOWS ON THE WEST AND SOUTH FACADES OF THE HOUSE.
HELM PLACE WAS PLACED IN TRUST TO KMPF IN 1996 AND DEEDED TO KMPF IN 2012 AFTER THE DEATH OF THE LAST TENANT. AFTER YEARS OF DELIBERATION, KMPF DETERMINED THAT THE BEST PATH TOWARD HELM PLACE'S LONG TERM PRESERVATION WOULD BE TO ENSURE IT HAD LEGAL PROTECTIONS AND THEN IDENTIFY A NEW STEWARD WITH THE RESOURECES TO INVEST IN ITS RESTORATION. SEALED PROPOSALS WERE DUE IN FALL 2022 AND THE PROPERTY WAS SOLD IN DECEMBER 2022. AN INTERIOR PRESERVATION EASEMENT WAS SIGNED AT CLOSING. THE PROPERTY ALSO HAS A CONSERVATION EASEMENT AND AN H-1 OVERLAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwen Thompson Executive Director | Trustee | 40 | $69,428 |
Heather Lyons Director | Trustee | 1 | $0 |
Tom Eblen Director | Trustee | 1 | $0 |
Dr James Klotter Director | Trustee | 1 | $0 |
Dan Graves Director | Trustee | 1 | $0 |
Mary Quinn Ramer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,455 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,271 |
| Total Program Service Revenue | $191,696 |
| Investment income | $67,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,695 |
| Net Gain/Loss on Asset Sales | -$536,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,611 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$75,088 |
| 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. | $73,553 |
| Compensation of current officers, directors, key employees. | $7,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,788 |
| Payroll taxes | $16,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,317 |
| Fees for services: Other | $704 |
| Advertising and promotion | $6,754 |
| Office expenses | $8,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $899 |
| Insurance | $1,449 |
| All other expenses | $14,551 |
| Total functional expenses | $387,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431 |
| Savings and temporary cash investments | $248,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,877 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $762,534 |
| Investments—publicly traded securities | $3,056,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,085,288 |
| Accounts payable and accrued expenses | $7,581 |
| 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 | $7,581 |
| 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 | $75,113 |
| Total liabilities and net assets/fund balances | $4,085,288 |