Bardstown Historic Development Corporation
- Assets
- $1.1m
- Revenue
- $335.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Bardstown, KY
- Founding
- 12/1973
- Data as of
- 12/2023
- EIN
- 61-0843132
Organization Overview
Bardstown Historic Development Corporation is located in Bardstown, KY. The organization was established in 1973. 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 12/2023, Bardstown Historic Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bardstown Historic Development Corporation 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 12/2023, Bardstown Historic Development Corporation generated $335.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $173.7k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE INDIVIDUALS ON THE HISTORY OF BARDSTOWN, KY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANY EXPENSES OF THE ORGANIZATION ARE REPORTED ON PART IX, STATEMENT OF FUNCTIONAL EXPENSES, PAGE 10. THE ORGANIZATION HAS RESTORED A HISTORICALLY SIGNIFICANT STRUCTURE. IN AN ATTEMPT TO DEFRAY SOME OF THE COSTS, PARTS OF THE BUILDING ARE RENTED TO VARIOUS BUSINESSES. THE ORGANIZATION IS RUN BY A GROUP OF CONCERNED VOLUNTEERS WHO TAKE NO SALARY AND PROVIDE SERVICES AT NO COST TO THE ORGANIZATION. ALTHOUGH SOME OF THE EXPENSES ARE DIRECTLY RELATED TO A WHISKEY MUSEUM, WHICH IS PROVIDED SPACE AT NO COST, THE MAJORITY APPLY TO THE STRUCTURE AS A WHOLE. THE ORGANIZATION HAS ALSO BEGUN THE RESTORATION OF ANOTHER HISTORICALLY SIGNIFICANT STRUCTURE IN BARDSTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Conway Chairman | OfficerTrustee | 2 | $0 |
Paul Mccoy Vice-Chair | OfficerTrustee | 2 | $0 |
Jack Rein Director/curator | OfficerTrustee | 40 | $29,000 |
Francis X Smith Treasurer | OfficerTrustee | 2 | $0 |
David Hall Director | Trustee | 2 | $0 |
Jeanette Cantrell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,384 |
| Total Program Service Revenue | $2,280 |
| Investment income | $8,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,031 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $203,609 |
| Net Income from Sales of Inventory | $9,766 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $29,000 |
| Other salaries and wages | $62,188 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,914 |
| Fees for services: Management | $458 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,803 |
| Advertising and promotion | $16,139 |
| Office expenses | $12,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,229 |
| Travel | $117 |
| 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 | $1,486 |
| Insurance | $4,305 |
| All other expenses | $296 |
| Total functional expenses | $173,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,647 |
| Savings and temporary cash investments | $15,890 |
| 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 | $2,937 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $514,461 |
| Investments—publicly traded securities | $208,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,129,963 |
| Accounts payable and accrued expenses | $1,674 |
| 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 | $0 |
| Other liabilities | $40 |
| Total liabilities | $1,714 |
| Net assets without donor restrictions | $1,008,113 |
| Net assets with donor restrictions | $120,136 |
| 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 | $1,129,963 |