Historic Beaufort Foundation
- Assets
- $1.5m
- Revenue
- $556.2k
- Investments
- $408.4k
- Employees
- 7
- Location
- Beaufort, SC
- Founding
- 01/1969
- Data as of
- 12/2021
- EIN
- 23-7005532
Organization Overview
Historic Beaufort Foundation is located in Beaufort, SC. The organization was established in 1969. 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. As of 12/2021, Historic Beaufort Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Beaufort Foundation 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, Historic Beaufort Foundation generated $556.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $558.8k during the year ending 12/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PRESERVATION, PROTECTION AND PRESENTATION OF SITES AND ARTIFACTS OF HISTORIC, ARCHITECTURAL AND CULTURAL INTEREST THROUGHOUT BEAUFORT COUNTY, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERDIER HOUSE MUSEUM - OPERATION OF A MUSEUM LOCATED IN THE VERDIER HOUSE ON BAY STREET.ANNUALLY, HBF RELIES ON FUNDING FROM MEMBERSHIP, DONATIONS, SPECIAL PROGRAMS AND EVENTS, AND THE REVENUES FROM OUR HISTORIC HOUSE MUSEUM, THE JOHN MARK VERDIER HOUSE, TO SUPPORT OUR MISSION TO PRESERVE AND PROTECT THE HISTORIC, ARCHITECTURAL, AND CULTURAL LEGACY OF BEAUFORT COUNTY, SC.
LECTURE SERIES
ANNUAL MEETING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Jenkins Executive Dir. | Trustee | 40 | $75,000 |
John Troutman Director | OfficerTrustee | 0 | $0 |
Derek Gilbert Secretary | OfficerTrustee | 0 | $0 |
Kevin Cuppia Vice Chairman | OfficerTrustee | 0 | $0 |
John Mccardell Director | Trustee | 0 | $0 |
Rob Montgomery Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,457 |
| Total Program Service Revenue | $100,862 |
| Investment income | $65,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,240 |
| Net Gain/Loss on Asset Sales | $5,786 |
| Net Income from Fundraising Events | $96,865 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,613 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $556,168 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,110 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,856 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,427 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,929 |
| Insurance | $28,797 |
| All other expenses | $51,931 |
| Total functional expenses | $558,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,173 |
| Savings and temporary cash investments | $0 |
| 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 | $7,653 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $689,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $408,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3 |
| Total assets | $1,545,105 |
| Accounts payable and accrued expenses | $0 |
| 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 | $273,378 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $273,378 |
| Net assets without donor restrictions | $1,149,541 |
| Net assets with donor restrictions | $122,186 |
| 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 | $1,545,105 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Historic Beaufort Foundation has recieved totaling $12,493.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: NEIGHBORHOOD & COMMUNITY DEV. GRANT | $8,618 |
Trustees Of The College Of Beaufort Beaufort, SC PURPOSE: IN SUPPORT OF HISTORIC BEAUFORT FOUNDATION'S MISSION AND VISION WITH PARTICULAR EMPHASIS ON EDUCATIONAL ACTIVITIES. | $2,500 |
Phillip I V Heilker Charitable Foundation Beaufort, SC PURPOSE: TO ASSIST WITH HISTORIC PRESERVATION IN THE COMMUNITY OF BEAUFORT, SC/. | $1,000 |
Maribill Foundation Inc Atlanta, GA PURPOSE: UNRESTRICTED | $300 |
Seip Family Foundation New York, NY PURPOSE: GENERAL GIVING | $75 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Ending Balance | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
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 |
The Historic Preservation Foundation Of North Carolina Inc Raleigh, NC | $8,996,688 | $1,472,217 |
Historic Westville Inc Columbus, GA | $12,453,096 | $665,726 |
Tybee Island Historical Society Inc Tybee Island, GA | $6,056,946 | $1,662,737 |
Tryon Palace Foundation Inc New Bern, NC | $6,143,805 | $1,856,143 |
South Carolina Historical Society Charleston, SC | $11,265,091 | $1,294,164 |