Montgomery Preservation Inc
- Assets
- $1.1m
- Revenue
- $520.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 52-1402993
Organization Overview
Montgomery Preservation Inc is located in Rockville, MD. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Preservation 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 06/2021, Montgomery Preservation Inc generated $520.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 66.7% each year . All expenses for the organization totaled $52.5k during the year ending 06/2021. 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 MONTGOMERY PRESERVATION, INC. IS TO PRESERVE, PROTECT AND PROMOTE MONTGOMERY COUNTY'S RICH ARCHITECTURAL HERITAGE AND HISTORIC LANDSCAPES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MPI ADVOCATES FOR THE PRESERVATION OF MONTGOMERY COUNTY'S HISTORIC BUILDINGS, OBJECTS AND SPACES. AS PART OF THIS MISSION, IN JULY 1998 MPI BECAME THE OWNER OF THE HISTORIC B&O RAILROAD STATION IN SILVER SPRING, MARYLAND WHICH IT RENTS OUT FOR SPECIAL EVENTS.
MPI SPONSORS THE ANNUAL MONTGOMERY COUNTY AWARDS FOR HISTORIC PRESERVATION PROGRAM, WHICH RECOGNIZES SUPERIOR HISTORIC PRESERVATION EFFORTS BY OWNERS, EDUCATORS AND ORGANIZATIONS. MPI ALSO HOSTS EVENTS AND WORKSHOPS ON TOPICS SUCH AS TAX CREDIT PROGRAMS AND MANSIONIZATION, TO HIGHLIGHT THE IMPORTANCE OF HISTORIC PRESERVATION AS PUBLIC POLICY. MPI EDUCATES THE PUBLIC ABOUT COUNTY HERITAGE RESOURCES AND HISTORIC PRESERVATION'S ROLE IN CREATING LIVABLE, ECONOMICALLY VIABLE AND DISTINCT COMMUNITIES.
MPI PARTNERS WITH NONPROFIT LOCAL GROUPS AND INDIVIDUALS WHO SHARE PRESERVATION GOALS. THIS INCLUDES CO-SPONSORSHIP OF EDUCATIONAL PROGRAMS, CONDUCTING SPECIAL EVENTS, FUND-RAISING FOR RELATED CAUSES, VIRTUAL PRESENTATIONS, AND PARTICIPATION IN HERITAGE DAYS. MPI HOLDS FREE OPEN HOUSES EVERY MONTH AT THE B&O STATION AND HELPS TO PROTECT HISTORIC PLACES AND LANDSCAPES BY WEIGHING IN ON PROPOSALS AFFECTING THEM. FOR A DECADE MPI HAS BEEN ENGAGED IN PLANNING FOR THE HIKER-BIKER TRAIL PLANNED BY MCDOT. MPI'S SIGNATURE EVENT IS THE ANNUAL AWARDS FOR HISTORIC PRESERVATION, NOW IN ITS 33RD YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Christensen Secretary | OfficerTrustee | 5 | $0 |
Sandra Heiler Treasurer | OfficerTrustee | 6 | $0 |
Eileen Mcguckian President | OfficerTrustee | 20 | $0 |
Mary Reardon Vice Preside | OfficerTrustee | 5 | $0 |
Karen Burditt Board Member | Trustee | 5 | $0 |
Jean Findlay Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,900 |
| Investment income | $835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $506,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $520,735 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,340 |
| Fees for services: Accounting | $3,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,075 |
| Advertising and promotion | $0 |
| Office expenses | $342 |
| Information technology | $3,177 |
| Royalties | $0 |
| Occupancy | $13,679 |
| Travel | $250 |
| 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 | $17,253 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $52,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,985 |
| Savings and temporary cash investments | $80,654 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,073,909 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,073,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Links Trust Washington, DC | $8,914,003 | $10,793,468 |
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
National Archives Foundation Washington, DC | $14,544,421 | $8,935,036 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
House Of The Temple Historic Preservation Foundation Inc Washington, DC | $31,687,828 | $5,822,669 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Supreme Court Historical Society The Society Washington, DC | $17,156,338 | $2,945,998 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |
Jewish Museum Of Maryland Inc Baltimore, MD | $10,449,720 | $1,816,482 |