Bloomington Restorations Inc
- Assets
- $1.9m
- Revenue
- $87.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Bloomington, IN
- Founding
- 10/1976
- Data as of
- 12/2021
- EIN
- 31-0894146
Organization Overview
Bloomington Restorations Inc is located in Bloomington, IN. The organization was established in 1976. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomington Restorations 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, Bloomington Restorations Inc generated $87.8k 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 (10.4%) each year. All expenses for the organization totaled $74.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WORKS TO SAVE, RESTORE AND PRESERVE HISTORIC BUILDINGS IN MONROE COUNTY, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, BRI PROTECTED AND PRESERVED THE HINKLE-GARTON FARMSTEAD, COMPLETING THE EXTERIOR REHABILITATION OF THE SECOND HOUSE ON THE FARMSTEAD. WE ALSO NEGOTIATED WITH THE STATE HIGHWAY DEPARTMENT TO ENSURE THE PLANS FOR A NEW HIGHWAY IN FRONT OF THE FARMSTEAD HAVE THE LEAST POSSIBLE NEGATIVE EFFECT ON THE HISTORIC PROPERTY AND TO MITIGATE ADVERSE EFFECTS. WE ALSO PROVIDED AFFORDABLE HOUSING AT A HOME IN STINESVILLE FOR A LOW-TO-MODERATE RENTER. BRI ALSO RESTORED THE FRONT PORCH OF AN ENDANGERED HISTORIC HOUSE IN THE PROSPECT HILL NEIGHBORHOOD OF BLOOMINGTON AND AGREED TO SELL IT TO A COUPLE WHO AGREED TO RESTORE IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Kinne Vice-President | Officer | 2 | $0 |
Elizabeth Cox-Ash Treasurer | Officer | 2 | $0 |
Jan Sorby Secretary | Officer | 2 | $0 |
Derek Richey President | Officer | 2 | $0 |
Steve Wyatt Executive Director | Officer | 25 | $0 |
Ernesto Castaneda Board Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,466 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,341 |
| Total Program Service Revenue | $1,175 |
| Investment income | $2,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,346 |
| 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 | $87,847 |
| 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. | $18,374 |
| Compensation of current officers, directors, key employees. | $3,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $628 |
| Other employee benefits | $0 |
| Payroll taxes | $1,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $680 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $7,500 |
| Insurance | $4,111 |
| All other expenses | $413 |
| Total functional expenses | $74,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,369 |
| Savings and temporary cash investments | $158,833 |
| Pledges and grants receivable | $0 |
| 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 | $337,118 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,113,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,920,820 |
| Accounts payable and accrued expenses | $2,055 |
| 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 | $2,055 |
| Net assets without donor restrictions | $548,308 |
| Net assets with donor restrictions | $1,370,457 |
| 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 | $1,920,820 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bloomington Restorations Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,363,697 |
| Earnings | $2,985 |
| Other Expense | $3,355 |
| Ending Balance | $1,363,327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |
National Society Of The Sons Of The American Revolution Louisville, KY | $16,631,721 | $2,986,592 |
Otho S A Sprague Memorial Institute Chicago, IL | $50,228,527 | $3,261,875 |
Ffta Properties Inc Louisville, KY | $0 | $208,684 |
The Chicago Club Preservation Foundation Chicago, IL | $3,351,972 | $672,833 |
Norwood Hills Country Club Preservation Foundation Saint Louis, MO | $27,533 | $139,686 |