Historic Salisbury Foundation Inc
- Assets
- $3.8m
- Revenue
- $442.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Salisbury, NC
- Founding
- 08/1972
- Data as of
- 06/2021
- EIN
- 23-7116467
Organization Overview
Historic Salisbury Foundation Inc is located in Salisbury, NC. The organization was established in 1972. 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 06/2021, Historic Salisbury Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Salisbury 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 06/2021, Historic Salisbury Foundation Inc generated $442.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $367.8k during the year ending 06/2021. 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
LOCAL HISTORIC PRESERVATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURS AND OTHER SPECIAL PROGRAMS WERE PROVIDED TO THE PUBLIC TO EDUCATE THEM OF THE HISTORICAL SIGNIFICANCE OF LOCAL SITES AND LANDMARKS.
PURCHASE AND IMPROVEMENTS OF HISTORICAL PROPERTIES HELD FOR RESALE TO PUBLIC FOR RESTORATIONS.
ONGOING RESTORATION AND PRESERVATION OF MUSEUMS AND SITES OWNED BY THE ORGANIZATION BECAUSE OF THEIR HISTORICAL VALUE AND SIGNIFICANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sada Stewart Executive Di | Officer | 40 | $60,000 |
Steve Cobb President | OfficerTrustee | 4 | $0 |
Diane Hooper Treasurer, A | OfficerTrustee | 4 | $0 |
Mary Walker Secretary | OfficerTrustee | 4 | $0 |
Michael Young Vice Preside | OfficerTrustee | 4 | $0 |
Mrs Noel Adams Trustee | Trustee | 4 | $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 | $139,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,483 |
| Total Program Service Revenue | $52,375 |
| Investment income | $142,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$17,344 |
| Net Gain/Loss on Asset Sales | $8,151 |
| Net Income from Fundraising Events | $68,857 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,716 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $442,473 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,573 |
| Payroll taxes | $7,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,539 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40 |
| Office expenses | $2,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,126 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,967 |
| Insurance | $5,421 |
| All other expenses | $13,403 |
| Total functional expenses | $367,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $494,744 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,754,980 |
| Investments—publicly traded securities | $606,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $519,081 |
| Total assets | $3,769,899 |
| Accounts payable and accrued expenses | $26,133 |
| 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 | $26,133 |
| Net assets without donor restrictions | $3,146,838 |
| Net assets with donor restrictions | $596,928 |
| 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 | $3,769,899 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Historic Salisbury Foundation Inc has recieved totaling $61,704.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $60,636 |
Joe L And Hester M Sims Family Foundation Inc China Grove, NC PURPOSE: GENERAL FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $68 |
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 |