Historic Albany Foundation Inc
- Assets
- $3.6m
- Revenue
- $925.3k
- Investments
- $522.7k
- Employees
- 6
- Location
- Albany, NY
- Founding
- 07/1974
- Data as of
- 08/2023
- EIN
- 23-7380514
Organization Overview
Historic Albany Foundation Inc is located in Albany, NY. The organization was established in 1974. 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 08/2023, Historic Albany Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Albany 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 08/2023, Historic Albany Foundation Inc generated $925.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $473.7k during the year ending 08/2023. While expenses have increased by 3.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ADVOCATE AND SUPPORT THE PRESERVATION AND RESTORATION OF HISTORIC BUILDINGS IN THE ALBANY, NEW YORK AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARATION OF HISTORIC PLAQUES AND EVENTS HELD TO RAISE FUNDS FOR OPERATING COSTS TO FURTHER RESEARCH, PRESERVATION EFFORTS AND WAREHOUSE OPERATION TO ENCOURAGE RE-USE OF HISTORIC BUILDING SUPPLIES AND FIXTURES.
PRESERVATION AND RESTORATION OF HISTORIC PROPERTIES LOCATED IN ALBANY, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Sicker Director | Trustee | 2 | $0 |
Christopher Hacker Director | Trustee | 2 | $0 |
David Hinchen Director | Trustee | 2 | $0 |
Fran Altshuler Director | Trustee | 2 | $0 |
Jake Capecelatro Director | Trustee | 2 | $0 |
James Gaughan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,386 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $585,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,896 |
| Total Program Service Revenue | $187,012 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,560 |
| Net Income from Fundraising Events | $57,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,267 |
| 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 | $222,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,300 |
| Payroll taxes | $17,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,589 |
| Advertising and promotion | $0 |
| Office expenses | $20,847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,503 |
| Interest | $1,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,461 |
| Insurance | $44,737 |
| All other expenses | $0 |
| Total functional expenses | $473,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,379,244 |
| 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 | $48,523 |
| Net Land, buildings, and equipment | $540,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $522,698 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $3,575,024 |
| Accounts payable and accrued expenses | $20,978 |
| Grants payable | $0 |
| Deferred revenue | $1,769,708 |
| 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 | $66,354 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,857,040 |
| Net assets without donor restrictions | $576,228 |
| Net assets with donor restrictions | $1,141,756 |
| 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 | $3,575,024 |