Historic Flat Rock Inc
- Assets
- $719.0k
- Revenue
- $69.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Flat Rock, NC
- Founding
- 01/1969
- Data as of
- 12/2023
- EIN
- 23-7003502
Organization Overview
Historic Flat Rock Inc is located in Flat Rock, NC. The organization was established in 1969. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Historic Flat Rock 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 12/2023, Historic Flat Rock Inc generated $69.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $88.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF THE HISTORIC DISTRICT HOMES VIEWS AND LANDS, IN THE VILLAGE OF FLAT ROCK AND SURROUNDING AREA; OPERATE A CULTURAL CENTER AND DISSEMINATE INFORMATION AND HOLD MEETINGS AND HAVE DISCUSSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC DISTRICT - PRESERVATION OF HOMES, LANDS AND ARCHAEOLOGICAL ACTIVITIES
OPERATE CULTURAL CENTER AND DISSEMINATION OF HISTORIC INFORMATION AND MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Backlund Director | Trustee | 1 | $0 |
Joe Bright Director | Trustee | 1 | $0 |
Tom Carpenter Director | Trustee | 1 | $0 |
Bay Chamberlain Director | Trustee | 2 | $0 |
Marty Cornwell Director | Trustee | 1 | $0 |
Alice Fraser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,925 |
| Fundraising events | $10,730 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,932 |
| Total Program Service Revenue | $5,599 |
| Investment income | $5,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,235 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $894 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,662 |
| Information technology | $12,213 |
| Royalties | $0 |
| Occupancy | $25,994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,321 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,327 |
| All other expenses | $2,101 |
| Total functional expenses | $88,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,484 |
| Savings and temporary cash investments | $404,560 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $150,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $719,044 |
| Accounts payable and accrued expenses | $286 |
| 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 | $286 |
| Net assets without donor restrictions | $718,758 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $719,044 |