Historic Locust Grove Inc
- Assets
- $8.7m
- Revenue
- $884.6k
- Investments
- $0.0
- Employees
- 17
- Location
- Louisville, KY
- Founding
- 06/2001
- Data as of
- 06/2021
- EIN
- 61-1390403
Organization Overview
Historic Locust Grove Inc is located in Louisville, KY. The organization was established in 2001. 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 06/2021, Historic Locust Grove Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Locust Grove 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 06/2021, Historic Locust Grove Inc generated $884.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $606.3k during the year ending 06/2021. While expenses have increased by 1.2% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE, RESTORE AND OPERATE LOCUST GROVE, A NATIONAL HISTORIC LANDMARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM HOME OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Ely Executive Director | OfficerTrustee | 40 | $71,694 |
Hunter Louis President | OfficerTrustee | 0 | $0 |
Alan Lodge Secretary | OfficerTrustee | 0 | $0 |
Chris Chappell 1st Vice President | OfficerTrustee | 0 | $0 |
Elizabeth Dieruf Treasurer | OfficerTrustee | 0 | $0 |
Jill Cooper 2nd Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,532 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $586,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,076 |
| Total Program Service Revenue | $19,430 |
| Investment income | $62,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,404 |
| Net Gain/Loss on Asset Sales | $67,349 |
| Net Income from Fundraising Events | $52,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,317 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $884,636 |
| 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 | $297,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,579 |
| Payroll taxes | $22,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,147 |
| Office expenses | $17,590 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,877 |
| Travel | $215 |
| 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 | $67,251 |
| Insurance | $12,971 |
| All other expenses | $0 |
| Total functional expenses | $606,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,502,662 |
| Savings and temporary cash investments | $81,117 |
| 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 | $30,411 |
| Prepaid expenses and deferred charges | $22,342 |
| Net Land, buildings, and equipment | $2,020,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,610,263 |
| Intangible assets | $0 |
| Other assets | $390,970 |
| Total assets | $8,658,447 |
| Accounts payable and accrued expenses | $52,165 |
| Grants payable | $0 |
| Deferred revenue | $42,288 |
| 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 | $67,500 |
| Other liabilities | $0 |
| Total liabilities | $161,953 |
| Net assets without donor restrictions | $2,869,486 |
| Net assets with donor restrictions | $5,627,008 |
| 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 | $8,658,447 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Historic Locust Grove Inc has recieved totaling $164,451.
| Awarding Organization | Amount |
|---|---|
Owsley Brown Ii Family Foundation Inc Louisville, KY PURPOSE: CAPITAL CAMPAIGN | $83,333 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $55,000 |
Tales Of The Cocktail Foundation Inc Metairie, LA PURPOSE: TO, IN PARTNERSHIP WITH HISTORIC LOCUST GROVE, BEGIN THE FARM DISTILLED PROJECT. THE PROJECT WILL EQUIP UNDERREPRESENTED FOOD AND BEVERAGE TALENT, WOMEN AND PEOPLE OF COLOR, TO EXPLORE PROFESSIONAL DEVELOPMENT AND ENTREPRENEURSHIP IN THE SPIRITS INDUSTRY THROUGH THE EXPLORATION OF HISTORY AND TRADE. IN ADDITION, THE PROJECT AIMS TO ADVOCATE FOR THE EMPLOYMENT OF THIS TALENT POOL TO FULFILL PROJECTED WORKFORCE SHORTAGES. | $25,000 |
W L Lyons Brown Foundation Louisville, KY PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Endowment Analysis
| Beg. Balance | $2,422,870 |
| Ending Balance | $2,422,870 |
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 |