Preservation Foundation Of Palm Beach Inc

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 06/2023, Preservation Foundation Of Palm Beach Inc employed 14 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 06/2023, Preservation Foundation Of Palm Beach Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 9.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HISTORIC PRESERVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2022-2023 SEASON, THE PRESERVATION FOUNDATION LAUNCHED THE PUBLIC PHASE OF A $30 MILLION CAMPAIGN TO REVITALIZE THE 20-ACRE PHIPPS OCEAN PARK, WITH A DESIGN BY RENOWNED LANDSCAPE ARCHITECT RAYMOND JUNGLES AND AWARD-WINNING ARCHITECTURAL FIRM FAIRFAX & SAMMONS, THAT RELOCATES THE LITTLE RED SCHOOLHOUSE TO THE HEART OF THE PARK SURROUNDING IT WITH NEW, VERNACULAR ARCHITECTURE AND RESTORED ECOSYSTEMS OF NATIVE PLANTS; AND PUBLISHED THE FIRST CHILDREN'S BOOK ON ARCHITECT ADDISON MIZNER WITH AUTHOR BOB FORBES AND ILLUSTRATOR BARBARA MCCLINTOCK.DURING 2021-2022 SEASON, THE PRESERVATION FOUNDATION: PUBLISHED WITH RIZZOLI, THE FIRST MONOGRAPH ON ARCHITECT MARION SIMS WYETH, MARION SIMS WYETH, FROM PALM BEACH TO SHANGRI LA, (CONTINUES ON SCHEDULE O) WHOSE ARCHITECTURAL COLLECTION IS CONSERVED IN THE FOUNDATION'S ARCHIVES; FUNDED A STUDY ON THE IMPACT OF LANDMARKING ON PROPERTY VALUES BY LEADING PRESERVATION ECONOMIST DONOVAN RYPKEMA; OPENED ITS FIRST SATELLITE EXHIBITION ON ARCHITECT JOHN VOLK AT THE ROYAL POINCIANA PLAZA; PREMIERED THE FIRST DOCUMENTARY ON THE RESTORATION OF A LANDMARKED ESTATE TITLED "LA CLARIDAD; AND LAUNCHED A NEW SERIES CALLED "THE CRAFTSMEN" WHICH PROMOTES LOCAL CRAFTSPEOPLE AND EDUCATES THE COMMUNITY ON TRADES SUCH AS WOODWORKING AND CAST STONE. 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. 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.


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Board, Officers & Key Employees

Name (title)Compensation
Mrs Paul Shiverick
Chairman
$0
Mr Daniel E Ponton
Vice-Chairman
$0
Mr Thomas C Quick
Secretary
$0
Mr Erik T Waldin
Treasurer
$0
Mr Jeffrey A Marcus
Executive Committee Member
$0
Mrs Pauline B Pitt
Chairman Emeritus
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Constellation Culinary Group
Catering For Dinner Dance, Annual Meetin
$330,426
Town Of Palm Beach
$356,500
Lewis Miller Design
Dinner Dance Decor, Norton Dinner Center
$241,913
Raymond Jungles Inc
Consultation On Park Landscape Revitiliz
$199,974
Kimley-horn And Associates Inc
Engineering Services
$180,718
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,306,217
Fundraising events$1,424,997
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,745,261
Noncash contributions included in lines 1a–1f $201,954
Total Revenue from Contributions, Gifts, Grants & Similar$9,476,475
Total Program Service Revenue$11,243
Investment income $277,692
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $948,906
Net Income from Fundraising Events -$96,934
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,080,638

Peer Organizations

Organization NameAssets
Coastal Heritage Society Inc
Savannah, GA
$4,687,776
Birmingham Landmarks Inc
Birmingham, AL
$4,947,767
Georgia Historical Society
Savannah, GA
$4,642,270
Preservation Foundation Of Palm Beach Inc
Palm Beach, FL
$11,080,638
Key West Art & Historical Society Inc
Key West, FL
$2,926,481
Alabama Historic Ironworks Commission
Mccalla, AL
$2,493,966
Coastal Georgia Historical Society Inc
St Simons Island, GA
$2,849,094
Brevard Regional Arts Groups Inc
Melbourne, FL
$1,825,318
Historical Society Of Martin County Inc
Stuart, FL
$2,232,312
Tybee Island Historical Society Inc
Tybee Island, GA
$2,077,533
Holocaust Documentation & Education Center Inc
Dania Beach, FL
$2,605,128
Historic Savannah Foundation Incorporated
Savannah, GA
$1,138,454
Dade Heritage Trust Inc
Miami, FL
$1,874,127
Ponce De Leon Inlet Lighthouse Preservation Association Inc
Ponce Inlet, FL
$2,417,657
Maitland Art And History Association Inc
Maitland, FL
$1,115,741
Naples Historical Society Inc
Naples, FL
$2,485,997
Gulf Coast Heritage Association Inc
Sarasota, FL
$862,612
St Petersburg Historical Society
St Petersburg, FL
$908,047
Boca Raton Historical Society Inc
Boca Raton, FL
$3,081,705
Historic Columbus Foundation Inc
Columbus, GA
$1,925,473
Fort Lauderdale Historical Society Inc
Fort Lauderdale, FL
$910,167
Saint Augustine Historical Society
Saint Augustine, FL
$537,037
Holocaust Memorial Committee Inc
Miami Beach, FL
$2,084,882
Landmarks Foundation Of Montgomery
Montgomery, AL
$987,498
Florida Historical Society
Cocoa, FL
$886,344

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