Preservation Society Of Charleston
- Assets
- $11.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Charleston, SC
- Founding
- 04/1961
- Data as of
- 06/2024
- EIN
- 57-0439524
Organization Overview
Preservation Society Of Charleston is located in Charleston, SC. The organization was established in 1961. 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 06/2024, Preservation Society Of Charleston employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Society Of Charleston 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, Preservation Society Of Charleston generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $2.5m during the year ending 06/2024. While expenses have increased by 9.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PRESERVATION SOCIETY OF CHARLESTON IS DEDICATED TO THE PRESERVATION AND ENJOYMENT OF CHARLESTON'S DISTINCT CHARACTER, QUALITY OF LIFE AND DIVERSE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY THE PRESERVATION SOCIETY OF CHARLESTON (PSC) WORKS TO PROTECT CHARLESTON'S HISTORIC BUILDINGS, CULTURAL RESOURCES AND COMMUNITIES BY PROMOTING BETTER DEVELOPMENT PRACTICES, FLOOD MITIGATION, AND TOURISM MANAGEMENT. WE SUPPORT A MORE LIVABLE, SUSTAINABLE FUTURE FOR CHARLESTON THROUGH ADVOCACY, EDUCATION, AND COMMUNITY ENGAGEMENT. THE PSC IS IN A UNIQUE POSITION TO ANALYZE AND EXPLAIN THE CONNECTIONS BETWEEN PLANNING AND ZONING DECISIONS AND THE QUALITY OF LIFE FOR PEOPLE WHO LIVE AND WORK IN CHARLESTON. THROUGH REGULAR COMMUNICATION (BOTH ELECTRONIC AND PRINT) AND AN INFORMATIVE AND VERSATILE WEBSITE, THE PSC ALERTS CITIZENS TO THE ISSUES, ENCOURAGING THEM TO ENGAGE WITH THEIR PUBLIC (CONT. ON SCH O)
RETAIL SHOP THE RETAIL OPERATION OF THE SOCIETY IS COMPRISED OF A BRICKS-AND-MORTAR SHOP AND GROWING ONLINE PRESENCE AND IS STAFFED BY A GROUP OF GIFTED EMPLOYEES. THE SHOP FEATURES THE WORK OF LOCAL "MAKERS" FROM FEATHER BRACKISH BOW TIES TO A LINE OF LOCALLY CRAFTED HANDBAGS. MORE THAN EVER ALIGNED WITH THE PSC'S MISSION OF ADVOCATING FOR WHAT IS TRULY AUTHENTIC AND REAL IN CHARLESTON, THE RETAIL OPERATION BOTH STABILIZES THE ORGANIZATION'S CASH FLOW AND FURTHERS ITS WORK, ENROLLING NEW MEMBERS AND EDUCATING THE PUBLIC ABOUT THE PSC'S MISSION. (CONT. ON SCH. O)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Gowder Jr Chair | OfficerTrustee | 12 | $0 |
Elizabeth Hagood Vice Chair | OfficerTrustee | 2 | $0 |
Kate Campbell Secretary | OfficerTrustee | 2 | $0 |
James Mabry IV Treasurer | OfficerTrustee | 2 | $0 |
Summerlin Anderson Director | Trustee | 2 | $0 |
Mariana Hay Avant Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $74,739 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,152,368 |
| Noncash contributions included in lines 1a–1f | $62,668 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,232,107 |
| Total Program Service Revenue | $235,313 |
| Investment income | $201,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,027,685 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,830,679 |
| 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. | $272,789 |
| Compensation of current officers, directors, key employees. | $96,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $945,240 |
| Pension plan accruals and contributions | $14,967 |
| Other employee benefits | $154,327 |
| Payroll taxes | $93,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,490 |
| Fees for services: Accounting | $48,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,222 |
| Fees for services: Other | $160,423 |
| Advertising and promotion | $74,932 |
| Office expenses | $202,501 |
| Information technology | $72,596 |
| Royalties | $0 |
| Occupancy | $85,729 |
| Travel | $42,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $176,891 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,306 |
| Insurance | $43,546 |
| All other expenses | $0 |
| Total functional expenses | $2,467,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,495 |
| Savings and temporary cash investments | $1,235,610 |
| Pledges and grants receivable | $125,037 |
| 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 | $608,670 |
| Prepaid expenses and deferred charges | $24,000 |
| Net Land, buildings, and equipment | $260,672 |
| Investments—publicly traded securities | $8,530,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,150 |
| Total assets | $11,042,958 |
| Accounts payable and accrued expenses | $76,350 |
| 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 | $11,150 |
| Total liabilities | $87,500 |
| Net assets without donor restrictions | $5,149,366 |
| Net assets with donor restrictions | $5,806,092 |
| 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 | $11,042,958 |