Preservation Foundation Of Palm Beach Inc
- Assets
- $27.2m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Palm Beach, FL
- Founding
- 06/1980
- Data as of
- 06/2022
- EIN
- 59-1989832
Organization Overview
Preservation Foundation Of Palm Beach Inc is located in Palm Beach, FL. The organization was established in 1980. 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 06/2022, Preservation Foundation Of Palm Beach Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Foundation Of Palm Beach 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 06/2022, Preservation Foundation Of Palm Beach Inc generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HISTORIC PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRESERVATION FOUNDATION OF PALM BEACH IS DEDICATED TO PRESERVING THE ARCHITECTURAL AND CULTURAL HERITAGE AND THE UNIQUE QUALITY OF THE TOWN OF PALM BEACH. THROUGH ADVOCACY INITIATIVES, EDUCATIONAL PROGRAMS, ARCHITECTURAL RESOURCES, AND CULTURAL EVENTS, THE FOUNDATION'S GOAL IS TO ENCOURAGE THE COMMUNITY TO LEARN ABOUT AND SAVE THE HISTORIC SITES THAT TRULY MAKE PALM BEACH SPECIAL. SINCE 1980, THE PRESERVATION FOUNDATION HAS UNDERTAKEN NUMEROUS PROJECTS THROUGHOUT THE ISLAND THAT PROTECT THE HERITAGE AND ENHANCE THE BEAUTY OF PALM BEACH. MILLIONS OF DOLLARS HAVE BEEN RAISED TO PRESERVE AND RESTORE HISTORIC RESOURCES LIKE SEA GULL COTTAGE AND TOWN HALL. (CONTINUED ON SCHEDULE O) PROJECTS SUCH AS PAN'S GARDEN HAVE FOSTERED A DEEPER APPRECIATION FOR THE ISLAND'S BOTANICAL HERITAGE. MOST RECENTLY, THE BEAUTIFICATION PROJECT AT BRADLEY PARK TRANSFORMED A 4.4-ACRE PUBLIC PARK LOCATED ON THE TOWN'S HISTORIC MAIN STREET. ALONG WITH SPECIAL EXHIBITIONS AND PUBLICATIONS THAT ADVANCE SCHOLARSHIP IN THE HISTORY OF PALM BEACH, THE PRESERVATION FOUNDATION OFFERS EDUCATIONAL PROGRAMS THAT SERVE 6,000 STUDENTS ANNUALLY. HERITAGE EDUCATION OUTREACH PROGRAMS TEACH THE CONCEPT OF LEARNING ABOUT THE HISTORY AND CULTURE OF THE COMMUNITY THROUGH THE MEDIUM OF LOCAL ARCHITECTURE. FIELD TRIPS TO PAN'S GARDEN AND THE LITTLE RED SCHOOLHOUSE CREATE IMMERSIVE EXPERIENCES THAT ENGAGE THE NEXT GENERATION OF STEWARDS.PUBLISHED AND PROMOTED THE FIRST MARION SIMS WYETH MONOGRAPH, FROM PALM BEACH TO SHANGRI LA. PREMIERED LA CLARIDAD DOCUMENTARY, THE FIRST IN DEPTH REDO OF A PALM BEACH MANSION. CREATED A CRAFTSMAN SERIES WHICH PROMOTES LOCAL CRAFT PEOPLE AND EDUCATES THE COMMUNITY ON TRADES SUCH AS WOODWORKING AND CAST STONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Skier President & CEO | Officer | 40 | $171,300 |
Mr Thomas C Quick Secretary | OfficerTrustee | 3 | $0 |
Mr Daniel E Ponton Vice-Chairman | OfficerTrustee | 10 | $0 |
Mr Paul Shiverick Trustee | Trustee | 1 | $0 |
Mr L B Ben Alexander Jr Treasurer | OfficerTrustee | 3 | $0 |
Mrs Pauline B Pitt Executive Committee Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
White Apron Catering Inc Catering For Dinner Dance, Annual Meetin | 6/29/22 | $217,608 |
Frost Lighting Inc Lighting And Audio/visual For 10 Differe | 6/29/22 | $146,976 |
H Gilbert & Associates Inc Roof Repair And Replacement | 6/29/22 | $136,015 |
Sperry Tents Of Miami Llc 2022 Dinner Dance Tent | 6/29/22 | $110,018 |
Lewis Miller Design Dinner Dance Decor, Norton Dinner Center | 6/29/22 | $108,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,127,435 |
| Fundraising events | $1,260,502 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,419,263 |
| Noncash contributions included in lines 1a–1f | $48,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,807,200 |
| Total Program Service Revenue | $18,257 |
| Investment income | $249,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$108,829 |
| Net Income from Fundraising Events | -$315,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,785,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,884 |
| Compensation of current officers, directors, key employees. | $39,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $498,904 |
| Pension plan accruals and contributions | $13,888 |
| Other employee benefits | $22,865 |
| Payroll taxes | $53,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,681 |
| Fees for services: Accounting | $25,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,275 |
| Fees for services: Other | $138,206 |
| Advertising and promotion | $68,165 |
| Office expenses | $290,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,593 |
| Travel | $16,071 |
| 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 | $217,926 |
| Insurance | $35,864 |
| All other expenses | $0 |
| Total functional expenses | $2,056,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173 |
| Savings and temporary cash investments | $2,934,604 |
| Pledges and grants receivable | $9,287,527 |
| 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 | $13,425 |
| Net Land, buildings, and equipment | $6,813,847 |
| Investments—publicly traded securities | $6,684,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,448,517 |
| Total assets | $27,182,699 |
| Accounts payable and accrued expenses | $55,905 |
| Grants payable | $0 |
| Deferred revenue | $128,000 |
| 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 | $183,905 |
| Net assets without donor restrictions | $15,502,111 |
| Net assets with donor restrictions | $11,496,683 |
| 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 | $27,182,699 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Preservation Foundation Of Palm Beach Inc has recieved totaling $6,515.
| Awarding Organization | Amount |
|---|---|
Daelansa Foundation Palm Beach, FL PURPOSE: USE FOR THEIR STATED PURPOSE. | $6,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Preservation Foundation Of Palm Beach Inc Palm Beach, FL | $27,182,699 | $14,785,747 |
Key West Art & Historical Society Inc Key West, FL | $3,638,372 | $2,771,144 |
Historic Westville Inc Columbus, GA | $12,453,096 | $665,726 |
Historical Society Of Martin County Inc Stuart, FL | $13,078,765 | $1,282,990 |
Tybee Island Historical Society Inc Tybee Island, GA | $6,056,946 | $1,662,737 |
Brevard Regional Arts Groups Inc Melbourne, FL | $2,769,843 | $1,580,932 |