Heritage Farmstead Association
- Assets
- $1.2m
- Revenue
- $973.9k
- Investments
- $0.0
- Employees
- 14
- Location
- Plano, TX
- Founding
- 04/1977
- Data as of
- 09/2023
- EIN
- 23-7296470
Organization Overview
Heritage Farmstead Association is located in Plano, TX. The organization was established in 1977. 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 09/2023, Heritage Farmstead Association employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Farmstead Association 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 09/2023, Heritage Farmstead Association generated $973.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $875.5k during the year ending 09/2023. While expenses have increased by 2.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AN HISTORIC TEXAS FARMSTEAD SO PEOPLE CAN EXPERIENCE AND LEARN FROM OUR AGRARIAN ROOTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLANO HERITAGE ASSOCIATION SAVED THIS HISTORIC SITE FROM DEMOLITION IN 1973 AND HAS PROVIDED PROFESSIONAL MUSEUM EDUCATION AND PRESERVATION SERVICES FOR THE HISTORIC HOUSE AND SITE FOR OVER 50 YEARS. THE HERITAGE FARMSTEAD MUSEUM IS THE PREMIER HERITAGE RESOURCE IN PLANO, TEXAS. OVER 350,000 STUDENTS HAVE BEEN AFFORDED ENHANCED EDUCATIONAL OPPORTUNITIES THROUGH SCHOOL FIELDTRIPS AND OUTREACH PROGRAMS OVER THE PAST 50 YEARS. THIS MUSEUM HAS ACHIEVED NATIONAL, STATE AND LOCAL RECOGNITION: LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, DESIGNATED BY THE CITY OF PLANO AND THE STATE OF TEXAS AS A HISTORIC LANDMARK, AN ACCREDITED MUSEUM BY THE AMERICAN ALLIANCE OF MUSEUMS. IN 2016 THE COLLIN COUNTY HISTORICAL COMMISSION AWARDED THE HERITAGE FARMSTEAD MUSEUM THEIR HIGHEST HONOR, THE COLLIN MCKINNEY ACHIEVEMENT AWARD RECOGNIZING THE OUTSTANDING ACHIEVEMENTS OF A HISTORICAL MUSEUM THAT ACTIVELY WORKS TO PROMOTE THE HERITAGE OF THE COUNTY THROUGH PROJECTS, EDUCATION, AND HISTORICAL TOURISM. THE MUSEUM'S CREATION AND FACILITATION OF THE PLANO INDEPENDENT SCHOOL DISTRICT THIRD GRADE PROGRAM WAS RECOGNIZED BY COLLIN COUNTY'S HISTORICAL COMMISSION DISTINGUISHED AS THE PREMIER INSTITUTION IN THE COUNTY FOR EXCELLENCE IN EDUCATION. THE HERITAGE FARMSTEAD MUSEUM'S OUTSTANDING ACHIEVEMENT IN THE DIRECTION OF HERITAGE PRESERVATION CONTINUES STRONGLY INTO THE FUTURE WITH THE ADDITION OF A 5-YEAR VISION PLAN. THE VISION PLAN INVOLVED THE JOINT EFFORT OF THE HERITAGE FARMSTEAD MUSEUM STAFF AND VOLUNTEERS, ARCHITECT, LANDSCAPE ARCHITECT, WITH GENEROUS SUPPORT FROM THE CITY OF PLANO. ENGAGING IN A COMPREHENSIVE, TIMELY AND FORMAL MASTER PLAN FOR THE FUTURE SUPPORTS THE CONTINUED EFFORT TO MEET THE NEEDS OF THE MUSEUM'S AUDIENCES AND COMMUNITY. THE MUSEUM'S VISION PLAN WAS RECOGNIZED BY THE AMERICAN SOCIETY OF LANDSCAPE ARCHITECTS WHEN IT RECEIVED A MERIT AWARD OF EXCELLENCE IN PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stolle President | OfficerTrustee | 1 | $0 |
Brittnea Ussery-Daniel 1st Vice President | OfficerTrustee | 1 | $0 |
Joan Stephens Treasurer | OfficerTrustee | 1 | $0 |
Theresa Caver Secretary | OfficerTrustee | 1 | $0 |
Judy Aerdts Trustee | Trustee | 1 | $0 |
Garrett Alldredge Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,045 |
| Related organizations | $0 |
| Government grants | $478,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,658 |
| Noncash contributions included in lines 1a–1f | $1,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $633,995 |
| Total Program Service Revenue | $276,937 |
| Investment income | $424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,365 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,481 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $973,948 |
| 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. | $103,000 |
| Compensation of current officers, directors, key employees. | $18,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,382 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,155 |
| Payroll taxes | $34,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,986 |
| Advertising and promotion | $0 |
| Office expenses | $87,334 |
| Information technology | $2,525 |
| Royalties | $0 |
| Occupancy | $56,817 |
| Travel | $3,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,780 |
| Insurance | $12,129 |
| All other expenses | $3,297 |
| Total functional expenses | $875,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,283 |
| Savings and temporary cash investments | $350,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,451 |
| Prepaid expenses and deferred charges | $14,571 |
| Net Land, buildings, and equipment | $668,962 |
| Investments—publicly traded securities | $95,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,238,903 |
| Accounts payable and accrued expenses | $5,759 |
| Grants payable | $0 |
| Deferred revenue | $56,253 |
| 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 | $62,012 |
| Net assets without donor restrictions | $1,174,788 |
| Net assets with donor restrictions | $2,103 |
| 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 | $1,238,903 |