Mount Vernon Place Conservancy Inc
- Assets
- $547.7k
- Revenue
- $576.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Baltimore, MD
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 26-3589281
Organization Overview
Mount Vernon Place Conservancy Inc is located in Baltimore, MD. The organization was established in 2009. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Mount Vernon Place Conservancy Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Vernon Place Conservancy 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 06/2022, Mount Vernon Place Conservancy Inc generated $576.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $582.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. 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
THE MOUNT VERNON PLACE CONSERVANCY INC.'S MISSION IS TO BE THE FULL-TIME SINGLE MANAGEMENT ENTITY RESPONSIBLE FOR THE HISTORIC RESTORATION, MAINTENANCE, MANAGEMENT, AND PROGRAMMING OF THE WASHINGTON MONUMENT AND THE PARKS SQUARES OF MOUNT VERNON PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSERVANCY IS RESPONSIBLE FOR MAINTAINING THE WASHINGTON MONUMENT, AS WELL AS MAINTAINING THE FOUR PARKS SQUARES AROUND IT. VARIOUS CONTRACTED SERVICES ARE USED AT THE MONUMENT FOR INTERNET, SYSTEMS REPAIR, ETC. IN THE PARKS, THE CONSERVANCY HAS A CONTRACT WITH A PROFESSIONAL LANDSCAPER TO MAINTAIN THE GRASS, URNS, PLANTINGS AND HANGING BASKETS.
WITH THE WASHINGTON MONUMENT RESTORED, THE CONSERVANCY IS MOVING ON TO ITS NEXT PHASE OF WORK, THE RESTORATION OF THE SQUARES. THE CONSERVANCY CONTINUES TO WORK ON THE SCHEMATIC DESIGN FOR THE NORTH AND SOUTH SQUARES OF MOUNT VERNON PLACE, INCLUDING DESIGN DEVELOPMENT AND APPROVALS.
PROGRAM SALARIES AND BENEFITS INCLUDE PART-TIME STAFF AT THE WASHINGTON MONUMENT WHO GREET, EDUCATE AND INFORM, INTERPRET, AND DEAL WITH ALL OTHER ASPECTS OF GUEST VISITATION AT THE MONUMENT INCLUDING SELLING ADMISSION TICKETS AND MERCHANDISE. THE CONSERVANCY'S EXECUTIVE DIRECTOR AND ASSOCIATE MANAGEMENT SPEND A SIGNIFICANT AMOUNT OF THEIR TIME PLANNING AND EXECUTING THE CONSERVANCY'S PARK PROGRAMMING, INCLUDING SUMMERS IN THE SQUARES, FLOWER MART, VARIOUS SMALL EVENTS, AND OTHER YEAR ROUND ACTIVITIES. THAT PROPORTION OF THEIR SALARIES IS ALLOCATED TO DIRECT PROGRAM EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Humphries Executive Director | OfficerTrustee | 40 | $80,000 |
Henry H Hopkins President | OfficerTrustee | 1 | $0 |
Faith C Millspaugh Vice President | OfficerTrustee | 1 | $0 |
Michael Balcom Treasurer | OfficerTrustee | 1 | $0 |
Donald P Mcpherson III Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Bonner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,442 |
| Noncash contributions included in lines 1a–1f | $99,705 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,802 |
| Total Program Service Revenue | $129,412 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $576,214 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $18,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,691 |
| 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 | $8,960 |
| Advertising and promotion | $6,380 |
| Office expenses | $4,830 |
| Information technology | $12,930 |
| Royalties | $0 |
| Occupancy | $3,384 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,300 |
| All other expenses | $46,149 |
| Total functional expenses | $582,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,100 |
| Accounts receivable, net | $240 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $547,708 |
| Accounts payable and accrued expenses | $9,154 |
| 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 | $9,154 |
| Net assets without donor restrictions | $538,554 |
| Net assets with donor restrictions | $0 |
| 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 | $547,708 |