Historic Homes Foundation Inc
- Assets
- $6.1m
- Revenue
- $577.0k
- Investments
- $29.0k
- Employees
- 8
- Location
- Louisville, KY
- Founding
- 03/1959
- Data as of
- 08/2021
- EIN
- 61-0549274
Organization Overview
Historic Homes Foundation Inc is located in Louisville, KY. The organization was established in 1959. 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 08/2021, Historic Homes Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Homes Foundation 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 08/2021, Historic Homes Foundation Inc generated $577.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $548.9k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PURCHASE, DISPLAY AND PRESERVE HISTORIC BUILDINGS AND THEIR INHERENT TRADITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS: WHITEHALL 3110 LEXINGTON ROAD LOUISVILLE, KY 40206
MUSEUM OPERATIONS: FARMINGTON 3033 BARDSTOWN ROAD LOUISVILLE, KY 40205
ALL OTHER HISTORIC HOMES RELATED PROGRAM EXPENSES.
MUSEUM OPERATIONS: WHITEHALL 3110 LEXINGTON ROAD LOUISVILLE, KY 40206
MUSEUM OPERATIONS: FARMINGTON 3033 BARDSTOWN ROAD LOUISVILLE, KY 40205
ALL OTHER HISTORIC HOMES RELATED PROGRAM EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Nichols Executive Director | Trustee | 40 | $52,000 |
Carol Grisanti Associate Director | Trustee | 40 | $42,344 |
Kristen Lutes Executive Director | Trustee | 40 | $40,400 |
Dean Wilkinson President | OfficerTrustee | 2 | $0 |
Butch Shaw Hhf/te Treasurer | OfficerTrustee | 2 | $0 |
William Paynter Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,915 |
| Total Program Service Revenue | $333,663 |
| Investment income | $22,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,274 |
| Net Income from Fundraising Events | $30,928 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,017 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $576,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $119,144 |
| Compensation of current officers, directors, key employees. | $35,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,049 |
| Payroll taxes | $16,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,565 |
| Fees for services: Other | $17,978 |
| Advertising and promotion | $1,608 |
| Office expenses | $3,473 |
| Information technology | $1,924 |
| Royalties | $0 |
| Occupancy | $43,749 |
| Travel | $47 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,000 |
| Insurance | $34,830 |
| All other expenses | $31,526 |
| Total functional expenses | $548,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,093 |
| Savings and temporary cash investments | $0 |
| 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 | $120 |
| Prepaid expenses and deferred charges | $12,797 |
| Net Land, buildings, and equipment | $4,191,017 |
| Investments—publicly traded securities | $1,512,147 |
| Investments—other securities | $29,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,054,176 |
| Accounts payable and accrued expenses | $17,211 |
| Grants payable | $0 |
| Deferred revenue | $69,950 |
| 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 | $48,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,676 |
| Total liabilities | $283,568 |
| Net assets without donor restrictions | $293,216 |
| Net assets with donor restrictions | $5,477,392 |
| 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 | $6,054,176 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Historic Homes Foundation Inc has recieved totaling $757.
| Awarding Organization | Amount |
|---|---|
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $738 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $183,393 |
| Earnings | $20,633 |
| Other Expense | $2,313 |
| Ending Balance | $201,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
The Barack Obama Foundation Chicago, IL | $693,835,698 | $159,957,411 |
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |