President Lincolns Cottage At The Soldiers Home
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Washington, DC
- Founding
- 11/2014
- Data as of
- 06/2024
- EIN
- 47-1453864
Organization Overview
President Lincolns Cottage At The Soldiers Home is located in Washington, DC. The organization was established in 2014. 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 06/2024, President Lincolns Cottage At The Soldiers Home employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. President Lincolns Cottage At The Soldiers Home 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 06/2024, President Lincolns Cottage At The Soldiers Home generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC OUTREACH:PRESIDENT LINCOLN'S COTTAGE WORKS TO CONNECT THE GENERAL PUBLIC WITH THE AUTHENTIC HISTORIC PLACE, THE LEGACY OF WHAT ABRAHAM LINCOLN ACCOMPLISHED WHILE IN RESIDENCE, AND NEW PERSPECTIVES ON LINCOLN'S PUBLIC AND PRIVATE LIFE. PLC ACCOMPLISHES THIS THROUGH A WIDE VARIETY OF COMPELLING PROGRAMS AND EVENTS, INCLUDING: SIGNATURE GUIDED TOURS OF THE COTTAGE AND SELF-GUIDED EXPERIENCES OF EXHIBITS AND THE LANDSCAPE; ANNUAL PROGRAMS FOR THE PUBLIC INCLUDING SCHOLAR SESSIONS, OUR Q&ABE PODCAST, THE LINCOLN IDEAS FORUM, AND THE STUDENTS OPPOSING SLAVERY INTERNATIONAL SUMMIT. ADDITIONALLY, PLC HOSTS A VARIETY OF RESPONSIVE PUBLIC PROGRAMS AND SPECIAL EVENTS TO BEST SERVE THE COMMUNITY AND PROVIDES BOTH DIGITAL AND IN-PERSON (CONTINUED ON SCHEDULE O)EDUCATIONAL OPPORTUNITIES FOR SCHOOL GROUPS THAT DIRECTLY LINK THE PAST AND PRESENT, ESPECIALLY AS IT RELATES TO HISTORICAL ENSLAVEMENT AND LINCOLN'S WORK ON THE EMANCIPATION PROCLAMATION.
PRESERVATION:WE PRESERVE PRESIDENT LINCOLN'S COTTAGE BY STEWARDING, RESTORING, AND MAINTAINING THE HISTORICALLY SIGNIFICANT STRUCTURES AND SURROUNDING LANDSCAPE; ACQUIRING, MANAGING, CARING FOR, AND USING MUSEUM COLLECTIONS FOR RESEARCH AND EDUCATIONAL PURPOSES; AND PROVIDING ACTIVITIES THAT SUPPORT STEWARDSHIP AND PRESERVATION INCLUDING MARKETING, OUTREACH, AND SPECIAL PROPERTY USE RENTALS, SUCH AS FILMING OR PRIVATE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Murphy Board Chairman | OfficerTrustee | 4 | $0 |
Jean Baderschneider Board President (vice Chair) | OfficerTrustee | 4 | $0 |
James Lynch Board Treasurer | OfficerTrustee | 4 | $0 |
Matthew K Watkins Board Secretary | OfficerTrustee | 4 | $0 |
Susan Braselton Fant Member | Trustee | 4 | $0 |
John Goodloe Sr Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,463 |
| Related organizations | $0 |
| Government grants | $151,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $712,062 |
| Noncash contributions included in lines 1a–1f | $5,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,283 |
| Total Program Service Revenue | $440,095 |
| Investment income | $24,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,321 |
| Net Income from Fundraising Events | $48,713 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $35,993 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,324 |
| 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. | $211,701 |
| Compensation of current officers, directors, key employees. | $30,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $847,064 |
| Pension plan accruals and contributions | $20,305 |
| Other employee benefits | $39,361 |
| Payroll taxes | $89,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,734 |
| Fees for services: Accounting | $62,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,064 |
| Fees for services: Other | $17,583 |
| Advertising and promotion | $29,778 |
| Office expenses | $42,897 |
| Information technology | $19,248 |
| Royalties | $0 |
| Occupancy | $37,915 |
| Travel | $7,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,498 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $48,018 |
| All other expenses | $20,108 |
| Total functional expenses | $1,836,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,549 |
| Savings and temporary cash investments | $16,612 |
| Pledges and grants receivable | $460,620 |
| Accounts receivable, net | $1,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,433 |
| Prepaid expenses and deferred charges | $200 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $702,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,464,408 |
| Accounts payable and accrued expenses | $121,316 |
| Grants payable | $0 |
| Deferred revenue | $74,575 |
| 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 | $8,000 |
| Total liabilities | $203,891 |
| Net assets without donor restrictions | $722,913 |
| Net assets with donor restrictions | $537,604 |
| 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 | $1,464,408 |