Greater Litchfield Preservation Trust Inc
- Assets
- $1.7m
- Revenue
- $500.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Litchfield, CT
- Founding
- 07/1975
- Data as of
- 12/2023
- EIN
- 51-0167611
Organization Overview
Greater Litchfield Preservation Trust Inc is located in Litchfield, CT. The organization was established in 1975. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Litchfield Preservation Trust 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 12/2023, Greater Litchfield Preservation Trust Inc generated $500.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $49.2k during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND CONTRIBUTE TO HISTORIC PRESERVATION EFFORTS IN THE GREATER LITCHFIELD, CONNECTICUT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perley H Grimes Jr President | 2 | $0 | |
Byron Brooks Director | 0.5 | $0 | |
Eileen Schmidt Treasurer | 0.5 | $0 | |
Victoria Sansing Director | 0.5 | $0 | |
Gerald G Geci Secretary | 0.5 | $0 | |
Kay Carroll Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,240 |
| Interest on Savings | $72 |
| Dividends & Interest | $13,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $432,618 |
| Capital Gain Net Income | $432,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,882 |
| Total Revenue | $500,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,523 |
| Taxes | $279 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,798 |
| Total operating and administrative expenses | $39,153 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $49,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,971 |
| Savings and temporary cash investments | $874,897 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $36 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $843,043 |
| Total assets | $1,722,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Greater Litchfield Preservation Trust Inc has awarded $200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LITCHFIELD HISTORICAL SOCIETY PURPOSE: GENERAL DONATION | $100 |
CT TRUST FOR HISTORIC PRESERVATION PURPOSE: GENERAL DONATION | $100 |