Palmetto Trust For Historic Preservation
- Assets
- $707.2k
- Revenue
- $183.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Camden, SC
- Founding
- 12/1991
- Data as of
- 06/2023
- EIN
- 57-0913191
Organization Overview
Palmetto Trust For Historic Preservation is located in Camden, SC. The organization was established in 1991. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Palmetto Trust For Historic Preservation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Trust For Historic Preservation 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 06/2023, Palmetto Trust For Historic Preservation generated $183.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $250.7k during the year ending 06/2023. While expenses have increased by 10.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT AND PRESERVE BUILDINGS OF ARCHITECTURAL AND HISTORICAL SIGNIFICANCE IN SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION IS TO PROTECT AND PRESERVE BUILDINGS OF ARCHITECTURAL AND HISTORICAL SIGNIFICANCE IN SOUTH CAROLINA THEREBY RETAINING THOSE BUILDINGS FOR HISTORICAL AND EDUCATIONAL PURPOSES. THIS IS ACCOMPLISHED BY SEEKING OUT SUCH BUILDINGS THAT ARE IN DANGER OF DESTRUCTION FROM NEGLECT OR PURPOSEFUL DEMOLITION. THE ORGANIZATION INTERVENES BY PURCHASING OR ACCEPTING THE PROPERTY AS A TAX DEDUCTIBLE DONATION, THEN DOING WHATEVER IS NECESSARY TO ARREST CURRENT DECAY, AND FINALLY SELLING THAT PROPERTY TO AN OWNER WHO CONTRACTS TO PRESERVE AND PROTECT THE PROPERTY IN PERPETUITY ACCORDING TO US SECRETARY OF INTERIOR STANDARDS. AN ENDANGERED PROPERTIES REVOLVING FUND IS MAINTAINED TO PURCHASE THOSE PROPERITIES WHEN NECESSARY, AND TO MAKE INITIAL REPAIRS. WHEN THE PROPERTY IS LATER SOLD, PROCEEDS ARE RETURNED TO THE ENDANGERED PROPERTIES REVOLVING FUND FOR FUTURE USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Blythe Board Member | Trustee | $0 | |
William Comer Treasurer | OfficerTrustee | $0 | |
Fred Delk Board Member | Trustee | $0 | |
Bill Fitzpatrick Past Chair | OfficerTrustee | $0 | |
Vivian Glover Board Member | Trustee | $0 | |
Geoffrey Hardee Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,333 |
| Noncash contributions included in lines 1a–1f | $10,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,333 |
| Total Program Service Revenue | $19,293 |
| Investment income | $3,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,716 |
| 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 | $52,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,234 |
| 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 | $6,827 |
| Advertising and promotion | $3,368 |
| Office expenses | $2,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $850 |
| Travel | $7,147 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $616 |
| Insurance | $12,362 |
| All other expenses | $11,125 |
| Total functional expenses | $250,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,919 |
| Savings and temporary cash investments | $67,621 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,042 |
| 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 | $496,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $707,204 |
| Accounts payable and accrued expenses | $5,941 |
| 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 | $24,923 |
| Other liabilities | $41,568 |
| Total liabilities | $72,432 |
| Net assets without donor restrictions | $211,484 |
| Net assets with donor restrictions | $423,288 |
| 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 | $707,204 |