Mccreary County Heritage Foundation Inc
- Assets
- $8.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 30
- Location
- Stearns, KY
- Founding
- 06/1988
- Data as of
- 12/2022
- EIN
- 61-1136227
Organization Overview
Mccreary County Heritage Foundation Inc is located in Stearns, KY. The organization was established in 1988. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Mccreary County Heritage Foundation Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccreary County Heritage 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 12/2022, Mccreary County Heritage Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 11.6% 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
TO PRESERVE THE HERITAGE OF MCCREARY COUNTY, KENTUCKY AND TO PROVIDE EDUCATIONAL AND RECREATIONAL BENEFITS TO THE CITIZENS AND VISITORS OF MCCREARY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES THE BIG SOUTH FORK SCENIC RAILWAY. THE TRAIN TRAVELS DOWN INTO THE BIG SOUTH FORK RIVER VELLEY AWAY FROM CIVILIZATION, ALONG ROARING MOUNTAIN STREAMS, THROUGH A TUNNEL, AND ALONG STEEP CLIFF SIDES. IT FINALLY ENTERS THE BIG SOUTH FORK NATIONAL RIVER AND RECREATION AREA JUST BELOW BARTHELL, THE OLDEST COAL CAMP ON THE RAILROAD, WHICH TRACES ITS BEGINNINGS BACK TO 1902. THE TRAIN MAKES A STOPOVER AT BLUE HERON, WHICH IS THE SITE OF A MINE, TIPPLE, AND SURROUNDING CAMP HOUSES WHICH WERE ABONDONED IN 1962. THERE, THE VISITORS CAN TAKE A SELF-GUIDED TOUR.
THE FOUNDATION ALSO MANAGES THE STEARNS HISTORICAL DISTRICT, WHICH HOUSES VARIOUS RETAIL STORES AND RESTAURANTS. THIS COMPLEX OF BUILDINGS, RANGING FROM 50 TO 90 YEARS OLD, HAVE SURVIVED NEARLY INTACT. IT ALSO HOUSES THE BSFSR DEPOT, WHICH WAS BUILD IN 1902.
THE FOUNDATION ALSO MANAGES A MUSEUM, WHICH IS LOCATED IN THE HISTORIC DOWNTOWN DISTRICT OF STEARNS, KY. IT IS HOUSED IN THE OLD STEARNS COAL AND LUMBER COMPANY CORPORATE HEADQUARTERS THAT WAS BUILT IN 1907.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Sandidge Treasurer | OfficerTrustee | 15 | $0 |
J C Egnew Vice Chairman | OfficerTrustee | 5 | $0 |
Ray Moncrief Chairman | OfficerTrustee | 10 | $0 |
Alex Egnew Director | Trustee | 1 | $0 |
Steve Richards Director | Trustee | 3 | $0 |
Buddy Wilson Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,457 |
| All other contributions, gifts, grants, and similar amounts not included above | $735,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $954,282 |
| Total Program Service Revenue | $1,426,282 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,893 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,408,457 |
| 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 | $0 |
| Other salaries and wages | $314,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,148 |
| Fees for services: Accounting | $16,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,176 |
| Advertising and promotion | $70,747 |
| Office expenses | $1,630 |
| Information technology | $0 |
| Royalties | $209,728 |
| Occupancy | $78,135 |
| Travel | $7,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,598 |
| Interest | $53,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,598 |
| Insurance | $138,754 |
| All other expenses | $191,423 |
| Total functional expenses | $1,795,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,386 |
| Prepaid expenses and deferred charges | $2 |
| Net Land, buildings, and equipment | $4,724,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,968,098 |
| Total assets | $7,996,422 |
| Accounts payable and accrued expenses | $656,371 |
| 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 | $77,566 |
| Secured mortgages and notes payable | $1,277,462 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,011,399 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,996,422 |