Cleveland Restoration Society Inc
- Assets
- $3.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 25
- Location
- Cleveland, OH
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 23-7218767
Organization Overview
Cleveland Restoration Society Inc is located in Cleveland, OH. The organization was established in 1973. 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, Cleveland Restoration Society Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Restoration Society 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 12/2021, Cleveland Restoration Society Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $998.5k during the year ending 12/2021. While expenses have increased by 4.1% 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
CLEVELAND RESTORATION SOCIETY, INC. (CRS) PRESERVES, PROTECTS, AND CELEBRATES HISTORIC BUILDINGS AND PLACES THAT FOSTER VIBRANT AND INCLUSIVE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION SERVICES - SERVING COMMUNITIES BY PROVIDING PRESERVATION-BASED ASSISTANCE TO MATCH LOCAL NEEDS, INCLUDING SURVEY WORK, BUILDING ASSESSMENTS, TECHNICAL ASSISTANCE, AND FACILITATING HISTORIC DESIGNATIONS.
PUBLIC EDUCATION & EVENTS - CRS EDUCATES THE PUBLIC AND CELEBRATES THE POSITIVE ROLE PRESERVATION PLAYS IN MAKING NORTHEAST OHIO A BETTER PLACE TO LIVE AND WORK. THIS IS DONE THROUGH EVENTS, PUBLICATIONS, AND ELECTRONIC MEDIA.
REAL ESTATE INTERVENTION - USING AGGRESSIVE LEGAL ACTION AND STRATEGIC REAL ESTATE INVESTMENT TO HAVE POSITIVE IMPACTS IN NEIGHBORHOODS. THIS INCLUDES DIRECTLY INVESTING AND ADVOCATING IN ENDANGERED AND POTENTIALLY CATALYTICPROPERTIES.
SARAH BENEDICT HOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Crowther President | Officer | 40 | $132,229 |
Thomas A Jorgensen CFO & Honorary Life Trustee | OfficerTrustee | 28 | $81,008 |
Greg Frost Vice Chair | OfficerTrustee | 2 | $0 |
Anthony Hiti Board Member | OfficerTrustee | 3 | $0 |
Michael Cummins Treasurer | OfficerTrustee | 3 | $0 |
Joseph Denk Jr Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,996 |
| Fundraising events | $92,320 |
| Related organizations | $0 |
| Government grants | $490,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $889,574 |
| Noncash contributions included in lines 1a–1f | $519,460 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,491,443 |
| Total Program Service Revenue | $35,554 |
| Investment income | $33,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,285 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,597,257 |
| 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. | $212,290 |
| Compensation of current officers, directors, key employees. | $27,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $326,171 |
| Pension plan accruals and contributions | $25,010 |
| Other employee benefits | $74,403 |
| Payroll taxes | $42,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $54,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,715 |
| Travel | $4,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,901 |
| Insurance | $22,767 |
| All other expenses | $0 |
| Total functional expenses | $998,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $232,475 |
| Accounts receivable, net | $69,261 |
| 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 | $7,670 |
| Net Land, buildings, and equipment | $329,883 |
| Investments—publicly traded securities | $1,844,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $370,031 |
| Total assets | $3,028,275 |
| Accounts payable and accrued expenses | $129,027 |
| Grants payable | $0 |
| Deferred revenue | $57,880 |
| 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 | $186,907 |
| Net assets without donor restrictions | $1,554,997 |
| Net assets with donor restrictions | $1,286,371 |
| 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 | $3,028,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cleveland Restoration Society Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Swagelok Foundation Solon, OH PURPOSE: TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $1,587,875 |
| Earnings | $231,272 |
| Other Expense | $199,177 |
| Ending Balance | $1,619,970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Mark Foundation East Lansing, MI | $12,066,077 | $372,589 |
Detroit Historical Society Detroit, MI | $8,852,742 | $2,440,000 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
The Flagship Niagara League Erie, PA | $891,920 | $1,486,616 |