Friends Of Hildene Inc
- Assets
- $15.5m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 74
- Location
- Manchester, VT
- Founding
- 10/1976
- Data as of
- 12/2021
- EIN
- 51-0201160
Organization Overview
Friends Of Hildene Inc is located in Manchester, VT. The organization was established in 1976. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Friends Of Hildene Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Hildene 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, Friends Of Hildene Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FRIENDS OF HILDENE, INC. IS "VALUES INTO ACTION". OUR CORE VALUES ARE "INTEGRITY, PERSEVERENCE, AND CIVIC RESPONSIBILITY". OUR KEY ACTIONS ARE "PRESERVATION, LAND CONSERVATION, SUSTAINABILITY AND CIVIL CIVIC DISCOURSE".
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR HILDENE'S STAFF AND VOLUNTEERS WELCOME THOUSANDS OF GUESTS TO THE LINCOLN HOME, GROUNDS AND WALKING TRAILS. HILDENE'S OPEN LAND AND RESTORED BUILDINGS BEST SERVE THE PUBLIC AS AN EDUCATIONAL AND CULTURAL RESOURCE, AND AS A MEMORIAL TO THE LINCOLN FAMILY.
HISTORICAL PRESERVATION OF 412 ACRES AND FOURTEEN HISTORIC BUILDINGS, INCLUDING A FOREST MANAGEMENT PLAN THAT EMPHASIZES SUSTAINABILITY OVER SHORT-TERM PROFIT, SUCH AS REMOVAL OF INVASIVE SPECIES AND SELECTIVE CUTTING TO ENSURE THE LONGER-TERM GOAL OF HIGHER QUALITY, AESTHETICALLY PLEASING VERMONT FOREST. TREES ARE HARVESTED AND RUN THROUGH A PORTABLE SAW MILL TO PRODUCE LUMBER TO CONSTRUCT BUILDINGS. CUT WOOD IS ALSO USED TO FEED WOOD-BURNING FURNACES TO EFFICIENTLY HEAT MANY OF THE BUILDINGS.
PUBLIC EDUCATION IS AN INTEGRAL PART OF THE HILDENE MISSION, INCLUDING A LINCOLN LECTURE SERIES, A LIBRARY AND RESEARCH CENTER, A LINCOLN ESSAY COMPETITION, BOOK PUBLISHING, THE ROWLAND AGRICULTURAL CENTER AT WHICH STAFF MILKS GOATS AND MAKES CHEESE, PLUS A SECOND AGRICULTURAL OPERATION AT DENE FARM WITH ALPACAS, CATTLE, PIGS, SHEEP, CHICKENS AND RABBITS, A COLLABORATION WITH THE LOCAL HIGH SCHOOL INVOLVING DOZENS OF STUDENTS TAKING CLASSES AT DENE FARM EVERY DAY DURING THE SCHOOL YEAR AND THE LOWERRE FAMILY YOUTH EDUCATION CENTER WHICH IS HOME TO CHILDREN'S EDUCATION PROGRAMS THAT TEACH HISTORY, NATURAL SCIENCE AND AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Keefe President | OfficerTrustee | 48 | $90,000 |
Paul Lowerre Vice Chair | OfficerTrustee | 3 | $0 |
John Mcinerney Treasurer | OfficerTrustee | 2 | $0 |
Ken Moriarty Chair | OfficerTrustee | 3 | $0 |
Margaret Cating Secretary | OfficerTrustee | 0 | $0 |
Carol Kalliche Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $100,584 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $678,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,288,942 |
| Noncash contributions included in lines 1a–1f | $137,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,068,408 |
| Total Program Service Revenue | $765,661 |
| Investment income | $61,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $240,642 |
| Net Gain/Loss on Asset Sales | $4,995 |
| Net Income from Fundraising Events | -$8,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $160,005 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,299,027 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,403,047 |
| Pension plan accruals and contributions | $25,542 |
| Other employee benefits | $14,630 |
| Payroll taxes | $138,658 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $76,678 |
| 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 | $1,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,474 |
| Insurance | $122,235 |
| All other expenses | $26,978 |
| Total functional expenses | $3,052,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,468,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,138,594 |
| 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 | $113,011 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,447,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,361,351 |
| Total assets | $15,529,063 |
| Accounts payable and accrued expenses | $27,478 |
| Grants payable | $0 |
| Deferred revenue | $48,156 |
| 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 | $16,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $283,705 |
| Total liabilities | $375,815 |
| Net assets without donor restrictions | $12,872,486 |
| Net assets with donor restrictions | $2,280,762 |
| 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 | $15,529,063 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of Hildene Inc has recieved totaling $51,464.
| Awarding Organization | Amount |
|---|---|
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $25,000 |
Harry C Lichman Tua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $23,464 |
Tuw Harry C Lichman Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,000 |
Fowler Family Charitable Foundation Inc Wilmington, DE PURPOSE: RESTORATION OF MAIN HOUSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Lake George Association Inc Lake George, NY | $20,500,954 | $6,877,319 |
Royal Oak Foundation Inc New York, NY | $7,446,621 | $2,765,681 |
Vermont Historical Society Barre, VT | $10,109,321 | $2,303,922 |
Adirondack Railway Preservation Society Utica, NY | $2,682,180 | $3,406,896 |