Blue Grass Trust For Historic Preservation Inc is located in Lexington, KY. The organization was established in 1958. 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 06/2024, Blue Grass Trust For Historic Preservation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Grass Trust For Historic Preservation 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 06/2024, Blue Grass Trust For Historic Preservation Inc generated $398.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $799.4k during the year ending 06/2024. 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
OUR MISSION IS TO BE CENTRAL KENTUCKY'S RESOURCE FOR PROTECTING, REVITALIZING, AND PROMOTING OUR HISTORIC PLACES, ENHANCING THE QUALITY OF LIFE FOR ALL. OUR VISION IS TO LIVE IN A COMMUNITY THAT HONORS ITS DIVERSE CULTURAL LEGACIES THROUGH HISTORIC PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC PRESERVATION EDUCATION: THE BLUE GRASS TRUST EDUCATES CENTRAL KENTUCKIANS ON THE BENEFITS AND PRACTICES OF HISTORIC PRESERVATION. OUR EDUCATIONAL PROGRAMMING INCLUDES: DETOURS: FOUNDED IN JANUARY 2011, THE MONTHLY BLUE GRASS TRUST DETOURS PROGRAM IS DESIGNED TO PROVIDE FREE, EASILY ACCESSIBLE TOURS OF PLACES THE PUBLIC CANNOT NORMALLY ACCESS, HELPING PEOPLE INTERACT WITH AND LEARN ABOUT THE HISTORIC PLACES THAT MAKE CENTRAL KENTUCKY SPECIAL. TOUR THE HISTORIC BLUEGRASS: FREE PRINT AND DIGITAL SELF-GUIDED TOURS OF THE HISTORIC DISTRICT DESIGNATIONS IN FAYETTE COUNTY, ALONG WITH THEMATIC TOURS ON SUCCESSFUL EXAMPLES OF ADAPTIVE REUSE OF HISTORIC PROPERTIES. THE HOPEMONT LECTURE: NAMED AFTER THE 1814 HOME THAT SPURRED THE CREATION OF THE BLUE GRASS TRUST, THE HOPEMONT LECTURE BRINGS THE NATION'S FOREMOST PRESERVATIONISTS AND HISTORIANS TO CENTRAL KENTUCKY. FREE AND OPEN TO THE PUBLIC, THE LECTURES INCLUDE A WORKSHOP FOR KENTUCKY'S PRESERVATION PROFESSIONALS AND A COMMUNITY VOLUNTEER ACTION. PRESERVATION MATTERS: THE BLUE GRASS TRUST'S SIGNATURE BIANNUAL PUBLICATION INFORMS THOUSANDS OF THE SWEEPING, BENEFICIAL IMPACTS OF PRESERVATION IN CENTRAL KENTUCKY. AMPLIFYING PRESERVATION SUCCESS STORIES, INSIGHTFUL LOCAL HISTORIES, IMPORTANT ADVOCACY WORK, AND HELPFUL RESOURCES, PRESERVATION MATTERS IS FREE IN BOTH PRINT AND DIGITAL FORMS AND IS MAILED TO APPROXIMATELY 6,000 HOUSEHOLDS ANNUALLY.
HISTORIC PRESERVATION ADVOCACY: THE BLUE GRASS TRUST LENDS OUR VOICE TO HISTORIC PRESERVATION EFFORTS IN OUR CENTRAL KENTUCKY COMMUNITIES. OUR ADVOCACY WORK INCLUDES: COMMUNITY OUTREACH: THROUGH PROGRAMS, EVENTS, AND OUTREACH EFFORTS, WE STRIVE TO RAISE AWARENESS ABOUT THE IMPORTANCE OF PRESERVING THE REGION'S CULTURAL HERITAGE AND LEGACY FOR FUTURE GENERATIONS, ACTIVELY ADVOCATING FOR POLICIES, PROGRAMS, AND INITIATIVES THAT PROTECT AND PROMOTE HISTORIC SITES, BUILDINGS, NEIGHBORHOODS, AND LANDSCAPES THROUGH MEANS SUCH AS HIGHLIGHTING DEMOLITION THREATS AND ORGANIZING PETITIONS TO SAVE ENDANGERED BUILDINGS. IN 2023-2024, WE LED THE COMMUNITY EFFORTS TO SAVE 13 NATIONAL-REGISTER-LISTED BUILDINGS FROM DEMOLITION AND SUCCESSFULLY ARGUED AGAINST UNFAIR BOND REQUIREMENTS FOR PRESERVATION ADVOCACY AT THE KENTUCKY SUPREME COURT. PRESERVATION AWARDS: FOR OVER 30 YEARS, THE PRESERVATION AWARDS HAVE HIGHLIGHTED THE POSITIVE, FAR-REACHING IMPACT THAT PRESERVATION PLAYS IN CENTRAL KENTUCKY BY HONORING INDIVIDUALS, PROJECTS, AND ORGANIZATIONS THAT EXEMPLIFY THE PROMOTION, AWARENESS, OR PRACTICE OF HISTORIC PRESERVATION WITHIN THE CENTRAL KENTUCKY REGION. PRESERVING PALMER PHARMACY: SAVED FROM DEMOLITION IN 2017, THE BLUE GRASS TRUST HAS LED THE EFFORT TO FIND A NEW STEWARD FOR HISTORIC PALMER PHARMACY, A MID-CENTURY GEM WITH AN IMPORTANT CIVIL RIGHTS STORY, LOCATED IN LEXINGTON'S EAST END NEIGHBORHOOD. THE BLUE GRASS TRUST WAS ABLE TO RAISE $100,000 TO OFFSET THE RENOVATION COSTS AND ASSISTED THE NEW STEWARD WITH PRESERVATION CONSULTING. THE BUILDING REOPENED AS THE MARKSBURY FAMILY WAYPOINT CENTER OF THE UNITED WAY OF THE BLUEGRASS AT HISTORIC PALMER PHARMACY IN MAY 2024.
DIRECT HISTORIC PRESERVATION SERVICES: THE BLUE GRASS TRUST SERVES AS A RESOURCE AND GUIDE TO HELP CENTRAL KENTUCKIANS IN THEIR HISTORIC PRESERVATION EFFORTS WHILE ENGAGING IN PRESERVATION STEWARDSHIP PROJECTS OF OUR OWN. OUR SERVICES INCLUDE: CONSULTATION AND ADVISING: THROUGH ITS PROFESSIONAL STAFF AND FREE DIGITAL RESOURCES ON ITS WEBSITE, THE BLUE GRASS TRUST ASSISTS MEMBERS OF OUR COMMUNITIES IN FINDING RESOURCES AND FUNDING, NAVIGATING THEIR HISTORIC PRESERVATION PROJECTS, AND UNDERSTANDING THE NATIONAL REGISTER AND HISTORIC TAX CREDIT PROGRAMS. IN THIS YEAR WE CONSULTED, ADVISED, OR OTHERWISE ASSISTED WITH COMMUNITY PRESERVATION EFFORTS, LARGE AND SMALL, IN EVERY CENTRAL KENTUCKY COUNTY AND FIELDED AROUND 100 DIRECT REQUESTS FOR PRESERVATION ASSISTANCE. PROPERTY STEWARDSHIP: THE BLUE GRASS TRUST DIRECTLY STEWARDS FOUR UNIQUE HISTORIC PROPERTIES, THREE OF WHICH ARE ON THE NATIONAL REGISTER OF HISTORIC PLACES AND ALL OF WHICH ARE WITHIN HISTORIC DESIGNATION OVERLAYS. THESE PROPERTIES INCLUDE HOPEMONT, LATROBE'S POPE VILLA, ENDICOTT COTTAGE, AND THE DR. THOMAS HUNT MORGAN HOUSE. IN 2023-2024, WE INVESTED ALMOST $450,000 FOR A VITAL RESTORATION OF HOPEMONT, BUILT IN 1814. THE PLAQUE PROGRAM: THE BGT PLAQUE PROGRAM COULD BE CONSIDERED THE BLUE GRASS TRUST'S MOST VISIBLE PROGRAM. THE PLAQUE SERVES AS A VISUAL SYMBOL OF CIVIC PRIDE THAT IS MEANT TO SIGNIFY RESPECT AND APPRECIATION FOR THE HISTORIC VALUE OF THE PROPERTIES. IT CALLS ATTENTION TO BUILDINGS OF ARCHITECTURAL OR HISTORIC SIGNIFICANCE THAT ARE AT LEAST FIFTY YEARS OLD. OVER 800 PLAQUES HAVE BEEN AWARDED SINCE THE PROGRAM BEGAN IN THE EARLY 1970S, AND FOURTEEN NEW BUILDINGS WERE ADDED THIS YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eugene Young Treasurer | OfficerTrustee | 5 | $0 |
Janie-Rice Brother Director | Trustee | 1 | $0 |
Geneva Donaldson Director | Trustee | 1 | $0 |
Maureen Peters Secretary | OfficerTrustee | 5 | $0 |
Dave Elbon Director | Trustee | 1 | $0 |
Steve Gardner Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $16,672 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $201,398 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $218,070 |
Total Program Service Revenue | $17,715 |
Investment income | $34,649 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $74,549 |
Net Gain/Loss on Asset Sales | $53,576 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $398,559 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
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. | $145,250 |
Compensation of current officers, directors, key employees. | $29,050 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $164,430 |
Pension plan accruals and contributions | $6,236 |
Other employee benefits | $28,443 |
Payroll taxes | $23,510 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,141 |
Fees for services: Accounting | $5,895 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $10,379 |
Fees for services: Other | $51,479 |
Advertising and promotion | $0 |
Office expenses | $21,850 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $27,942 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $849 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $47,881 |
Insurance | $46,896 |
All other expenses | $2,201 |
Total functional expenses | $799,408 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $77,418 |
Savings and temporary cash investments | $4,831 |
Pledges and grants receivable | $0 |
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 | $5,020 |
Net Land, buildings, and equipment | $1,739,526 |
Investments—publicly traded securities | $1,529,586 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,125,887 |
Total assets | $5,482,268 |
Accounts payable and accrued expenses | $16,464 |
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 | $9,709 |
Other liabilities | $0 |
Total liabilities | $26,173 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $5,456,095 |
Total liabilities and net assets/fund balances | $5,482,268 |