Cleveland Restoration Society Inc
- Assets
- $2.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Cleveland, OH
- Founding
- 01/1973
- Data as of
- 12/2022
- 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 12/2022, Cleveland Restoration Society Inc employed 27 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 12/2022, Cleveland Restoration Society Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 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
2022
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.
PRESERVES, PROTECT, AND CELEBRATE HISTORIC BUILDINGS AND PLACES THAT FOSTER VIBRANT AND INCLUSIVE COMMUNITIES.
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 CATALYTIC PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Crowther President | Officer | 40 | $164,318 |
Tom Jorgensen CFO And Life | OfficerTrustee | 28 | $127,841 |
Dione Alexander Board Chair | OfficerTrustee | 3 | $0 |
Virginia Benson Honorary Lif | Trustee | $0 | |
Daniel Bergrin Board Member | Trustee | 1 | $0 |
Scott Bindel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,698 |
| Fundraising events | $88,000 |
| Related organizations | $35,000 |
| Government grants | $482,040 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,196 |
| Noncash contributions included in lines 1a–1f | $24,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,934 |
| Total Program Service Revenue | $17,453 |
| Investment income | $11,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,360 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,946 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,259,249 |
| 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 | $1,050,960 |
| Pension plan accruals and contributions | $45,429 |
| Other employee benefits | $100,308 |
| Payroll taxes | $84,442 |
| 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 | $0 |
| Fees for services: Other | $28,316 |
| Advertising and promotion | $24,077 |
| Office expenses | $34,103 |
| Information technology | $44,530 |
| Royalties | $0 |
| Occupancy | $160,864 |
| Travel | $18,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,071 |
| Insurance | $21,805 |
| All other expenses | $0 |
| Total functional expenses | $1,774,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $874,506 |
| 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 | $8,403 |
| Net Land, buildings, and equipment | $403,441 |
| Investments—publicly traded securities | $1,345,908 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,586 |
| Total assets | $2,782,126 |
| Accounts payable and accrued expenses | $109,731 |
| Grants payable | $0 |
| Deferred revenue | $69,280 |
| 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 | $179,011 |
| Net assets without donor restrictions | $1,577,679 |
| Net assets with donor restrictions | $1,025,436 |
| 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 | $2,782,126 |