Preservation Kentucky Inc
- Assets
- $191.1k
- Revenue
- $76.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Frankfort, KY
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 31-1665931
Organization Overview
Preservation Kentucky Inc is located in Frankfort, KY. The organization was established in 1999. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Preservation Kentucky Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Kentucky 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, Preservation Kentucky Inc generated $76.1k 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 (8.0%) each year. All expenses for the organization totaled $72.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION KENTUCKY'S MISSION IS TO BUILD SUPPORT FOR AND PROTECT KENTUCKY'S HISTORIC STRUCTURES AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES TO ENCOURAGE PRESERVATION OF HISTORIC STRUCTURES AND MONUMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Grady Walter II Chairman | OfficerTrustee | 1 | $0 |
Joseph Klare Secretary | OfficerTrustee | 1 | $0 |
David Morgan Treasurer | OfficerTrustee | 1 | $0 |
Neill Caudill Director | Trustee | 1 | $0 |
Garlan Vanhook Director | Trustee | 1 | $0 |
Richard Taylor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,366 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,466 |
| Total Program Service Revenue | $0 |
| Investment income | $2,525 |
| 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 | $76,126 |
| 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 | $45,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,000 |
| Payroll taxes | $3,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83 |
| Fees for services: Other | $0 |
| Advertising and promotion | $588 |
| Office expenses | $920 |
| Information technology | $4,137 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $171 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,708 |
| All other expenses | $2,654 |
| Total functional expenses | $72,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,098 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,098 |
| Accounts payable and accrued expenses | $1,368 |
| 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 | $1,368 |
| Net assets without donor restrictions | $29,653 |
| Net assets with donor restrictions | $160,077 |
| 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 | $191,098 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Preservation Kentucky Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Landmark Foundation Norfolk, VA | $109,541,807 | $6,787,493 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
Public Broadcasting Foundation Of Northwest Ohio Toledo, OH | $15,996,802 | $5,353,676 |
Journalism For Change Inc Arlington, VA | $491,394 | $3,913,277 |
Indiana Public Broadcasting Stations Inc Indianapolis, IN | $3,521,484 | $3,421,083 |
Mennomedia Inc Harrisonburg, VA | $1,388,799 | $3,143,696 |
Partners For Christian Media Inc Chattanooga, TN | $2,733,948 | $3,141,174 |
City Bureau Nfp Chicago, IL | $2,720,494 | $2,390,104 |
Illinois Beef Association Inc Springfield, IL | $854,239 | $1,875,178 |
Kentucky Broadcasters Association Inc Frankfort, KY | $1,618,428 | $1,052,426 |
Virginia Association Of Broadcasters Inc Charlottesville, VA | $5,210,453 | $1,681,777 |