Historic Savannah Foundation Incorporated
- Assets
- $8.5m
- Revenue
- $946.1k
- Investments
- $0.0
- Employees
- 43
- Location
- Savannah, GA
- Founding
- 01/1958
- Data as of
- 09/2020
- EIN
- 58-0838253
Organization Overview
Historic Savannah Foundation Incorporated is located in Savannah, GA. The organization was established in 1958. 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 09/2022, Historic Savannah Foundation Incorporated employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Savannah Foundation Incorporated 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 09/2020, Historic Savannah Foundation Incorporated generated $946.1k 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 (3.4%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SAVE BUILDINGS, PLACES AND STORIES THAT DEFINE SAVANNAH'S PAST, PRESENT AND FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOUR AND MUSEUM OPERATIONS - THE ISAIAH DAVENPORT HOUSE (C. 1820) WAS THREATENED WITH DEMOLITION IN 1955 WHEN THE FOUNDERS OF HSF ("SEVEN LADIES") INTERVENED AND PURCHASED THE BUILDING. NOT ONLY WAS THE BUILDING SAVED AND RESTORED INTO A HOUSE MUSEUM THAT HOSTS 40,000 VISITORS A YEAR, BUT HSF WAS FORMALLY ORGANIZED TO BECOME THE VOICE FOR PRESERVATION IN SAVANNAH AND CHATHAM COUNTY. THE DAVENPORT HOUSE FOCUSES ITS INTERPRETATION ON ARCHITECTURE, CRAFTSMANSHIP AND LIFE IN SAVANNAH DURING THE 1820S. IN ADDITION, THEY OFFER A VARIETY OF DRAMATIC PROGRAMMING WHICH HIGHLIGHTS SUBJECTS RANGING FROM URBAN SLAVERY TO YELLOW FEVER.
EDUCATION AND ADVOCACY - THE ORGANIZATION USES VARIOUS INNOVATIVE PROGRAMMING AND SPECTACULAR SPECIAL EVENTS TO ENGAGE PEOPLE IN THE PRESERVATION MOVEMENT. THE ORGANIZATION UTILIZES ITS PLAQUE PROGRAM, PRESERVATION AWARDS, AND CELEBRATION OF PRESERVATION HISTORY MONTH TO ENGAGE THE PUBLIC IN ITS MISSION.
REVOLVING FUND - PRESERVATION AND RESTORATION OF HISTORIC PROPERTIES - HISTORIC SAVANNAH FOUNDATION (HSF) IS THE ONLY NON-PROFIT PRESERVATION ORGANIZATION IN SAVANNAH AND CHATHAM COUNTY. WITH MORE THAN 1,000 SUPPORTERS, HSF IS THE RECOGNIZED LEADER OF THE LOCAL PRESERVATION MOVEMENT. HSF ADVOCATES, EDUCATES, AND GETS DIRECTLY INVOLVED IN PRESERVING AND PROTECTING SAVANNAH'S HERITAGE. THROUGH ITS REVOLVING FUND, HSF ACQUIRES, BY RAISING PRIVATE CAPTIAL, ENDANGERED HISTORIC, BLIGHTED BUILDINGS FOR RESTORATION. THROUGH THIS PROGRAM HSF HAS SAVED SCORES OF BUILDINGS IN THE LANDMARK DISTRICT AND HAS GONE ON TO SAVE OVER 420 HISTORIC BUILDINGS THROUGHOUT MULTIPLE HISTORIC DISTRICTS ACROSS SAVANNAH. WHILE DOING SO, HSF HELPED THE CITY EARN AN INTERNATIONAL REPUTATION AS A WELL-PRESERVED CITY AND TOURIST DESTINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Adler President And CEO | 40 | $95,000 | |
Gaye Reese Secretary | OfficerTrustee | 2 | $0 |
Cody Tharpe Vice Chair | OfficerTrustee | 2 | $0 |
Michael Mcleod Treasurer | OfficerTrustee | 2 | $0 |
Austin Hill Chairman | OfficerTrustee | 2 | $0 |
Gregori Anderson Parliamentarian | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,905 |
| Investment income | $104,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151,593 |
| Net Income from Fundraising Events | -$59,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $44,367 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $946,064 |
| 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. | $94,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,370 |
| Pension plan accruals and contributions | $2,250 |
| Other employee benefits | $66,015 |
| Payroll taxes | $40,058 |
| Fees for services: Management | $50,483 |
| Fees for services: Legal | $9,853 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,901 |
| Advertising and promotion | $59,800 |
| Office expenses | $56,839 |
| Information technology | $22,868 |
| Royalties | $0 |
| Occupancy | $32,586 |
| Travel | $902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,537 |
| Insurance | $33,220 |
| All other expenses | $0 |
| Total functional expenses | $1,096,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,500 |
| Savings and temporary cash investments | $1,065,695 |
| Pledges and grants receivable | $202,209 |
| Accounts receivable, net | $5,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,867 |
| Prepaid expenses and deferred charges | $43,284 |
| Investments—publicly traded securities | $5,406,339 |
| Investments—other securities | $0 |
| Investments—program-related | $102,419 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,486,235 |
| Accounts payable and accrued expenses | $61,104 |
| Grants payable | $0 |
| Deferred revenue | $8,150 |
| 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 | $144,900 |
| Total liabilities | $214,154 |
| 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 | $8,272,081 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Historic Savannah Foundation Incorporated has recieved totaling $28,200.
| Awarding Organization | Amount |
|---|---|
The Savannah Community Foundation Inc Savannah, GA PURPOSE: FINANCIAL SUPPORT | $22,000 |
1772 Foundation Inc Providence, RI PURPOSE: TRUSTEE-DIRECTED (DISCRETIONARY) GRANT | $5,000 |
Brenneman Family Charitable Foundation Inc Savannah, GA PURPOSE: SUPPORT PRESERVATION OF SAVANNAH | $1,000 |
Rosalie S Morris Foundation Savannah, GA PURPOSE: HISTORY PRESERVATION | $200 |
Endowment Analysis
| Beg. Balance | $6,472,034 |
| Earnings | $1,091,861 |
| Admin Expense | $33,089 |
| Net Contributions | $164,531 |
| Ending Balance | $7,695,337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Holocaust Documentation & Education Center Inc Dania Beach, FL | $7,248,445 | $3,037,559 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
Birmingham Landmarks Inc Birmingham, AL | $19,773,714 | $5,790,152 |
Alabama Historic Ironworks Commission Mccalla, AL | $4,360,177 | $2,386,256 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |