Hart Square Foundation Inc
- Assets
- $6.2m
- Revenue
- $402.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Vale, NC
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 56-2232193
Organization Overview
Hart Square Foundation Inc is located in Vale, NC. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Hart Square Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hart Square Foundation 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, Hart Square Foundation Inc generated $402.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $462.2k during the year ending 12/2021. 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
TO PRESERVE HART SQUARE VILLAGE AND SHARE THE PIONEER EXPERIENCE THROUGH TRADITIONAL ARTS AND TRADES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVING HISTORY AND COMMUNITY EVENTS: HART SQUARE VILLAGE IS SHARED THROUGH EVENTS THAT PROVIDE AN IMMERSIVE HISTORICAL EXPERIENCE THAT TRANSPORT VISITORS TO THE MID-1800'S BY SHOWCASING TRADITIONAL ARTS, TRADES, AND THE PIONEER LIFESTYLE IN NORTH CAROLINA. FOLKLIFE CULTURAL TRADITIONS ARE SHARED AND SUSTAINED THROUGH LIVING HISTORY, MUSIC, DANCE, FOODWAYS, AND MORE. A WIDE SLATE OF ANNUAL OFFERINGS GIVES VISITORS THE OPPORTUNITY TO GAIN A DEEPER APPRECIATION FOR EARLY AMERICAN PIONEERS AND HISTORICALLY SIGNIFICANT ARTS AND TRADES.
ALL OTHER RELATED PROGRAM SERVICES
EDUCATIONAL PROGRAMMING: HART SQUARE FOUNDATION CREATES LIFELONG LEARNING OPPORTUNITIES THAT ALLOW PARTICIPANTS TO ENGAGE IN HANDS-ON HISTORY THROUGH FIELD TRIPS, TRADITIONAL CRAFT CLASSES, AND HISTORIC GROUP TOURS. PROGRAMMING CENTERS AROUND TRADITIONAL ARTS AND TRADES, SCIENCE AND AGRICULTURE, AND HISTORY IMMERSION. STUDENTS OBSERVE ARTISTS AND TRADESPEOPLE AT WORK, ENGAGE IN HANDS-ON LEARNING, AND EXPERIENCE THE PROCESS OF CREATING SOMETHING TOGETHER. OUR PROGRAMS ENGAGE SCHOOL-AGE CHILDREN UP TO RETIREES.
HISTORIC PRESERVATION: HART SQUARE FOUNDATION PRESERVES AND RESTORES THE 103 HISTORIC STRUCTURES THAT COMPRISE THE HART SQUARE VILLAGE OPEN-AIR MUSEUM. PRIORITY RESTORATION PROJECTS ARE IDENTIFIED AND COMPLETED ANNUALLY. PROJECTS INCLUDE RE-ROOFING, FOUNDATION STABILIZATION, ROTTEN LOG REPLACEMENT, CHINKING, DAUBING, WATER DAMAGE REMEDIATION, AND MORE. OUR TEAM WORKS WITH EXPERTS IN THE PRESERVATION FIELD AS WELL AS THE NORTH CAROLINA STATE HISTORIC PRESERVATION OFFICE TO MAINTAIN BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Beatty Director | Trustee | 1 | $0 |
Andy Bray Director | Trustee | 1 | $0 |
Snyder Garrison Treasurer | OfficerTrustee | 1 | $0 |
Dr Robert Eric Hart President | OfficerTrustee | 1 | $0 |
Keith Hart Director | Trustee | 1 | $0 |
John Orgain Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,747 |
| Noncash contributions included in lines 1a–1f | $24,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,647 |
| Total Program Service Revenue | $177,896 |
| Investment income | $30,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,048 |
| Net Gain/Loss on Asset Sales | $40,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,359 |
| 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 | $133,450 |
| Pension plan accruals and contributions | $3,260 |
| Other employee benefits | $4,819 |
| Payroll taxes | $10,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,449 |
| Fees for services: Accounting | $25,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298 |
| Advertising and promotion | $8,238 |
| Office expenses | $4,043 |
| Information technology | $28,057 |
| Royalties | $0 |
| Occupancy | $38,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,222 |
| Insurance | $36,743 |
| All other expenses | $8,852 |
| Total functional expenses | $462,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,475 |
| Savings and temporary cash investments | $19,621 |
| 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 | $4,223,384 |
| Investments—publicly traded securities | $1,941,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,247,105 |
| Accounts payable and accrued expenses | $18,204 |
| 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 | $1,022,147 |
| Total liabilities | $1,040,351 |
| Net assets without donor restrictions | $5,206,754 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,247,105 |