Galveston Historical Foundation Inc
- Assets
- $32.0m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 68
- Location
- Galveston, TX
- Founding
- 03/1957
- Data as of
- 06/2022
- EIN
- 74-1487824
Organization Overview
Galveston Historical Foundation Inc is located in Galveston, TX. The organization was established in 1957. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Galveston Historical Foundation Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galveston Historical 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 06/2022, Galveston Historical Foundation Inc generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. 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
GALVESTON HISTORICAL FOUNDATION PRESERVES AND REVITALIZES THE ARCHITECTURAL AND MARITIME HERITAGE OF GALVESTON ISLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
GHF EVENTS, DICKENS ON THE STRAND AND HISTORIC HOMES TOUR, PLAY A MAJOR ROLE IN HERITAGE TOURISM ON GALVESTON ISLAND ATTRACTING PEOPLE FROM ALL OVER TEXAS AND BEYOND. IN ADDITION TO THESE LARGE EVENTS, GHF IS HOST TO GALVESTON ISLAND BEACH REVUE, TALL SHIPS GALVESTON AND MANY OTHER SMALLER EVENTS HELD AT OUR HISTORIC VENUES. OVER 2,000 VOLUNTEERS ARE UTILIZED FOR GHF EVENTS.
PURPOSE OF GALVESTON ISLAND TOURS WHICH OPERATES AS A SUBSIDIARY FOR THE EXCLUSIVE AND SOLE BENEFIT OF GALVESTON HISTORICAL FOUNDATION, INC. TO MARKET, ORGANIZE AND CONDUCT TOURS OF GALVESTON ISLAND.
GHF PRESERVATION AND CONSERVATION SERVICES ADVANCES THE PRESERVATION AND REVITALIZATION OF GALVESTON'S HISTORIC NEIGHBORHOODS, BUILDINGS AND CULTURAL RESOURCES. THIS DEPARTMENT OVERSEES THE PRESERVATION RESOURCE CENTER, ARCHITECTURAL SALVAGE WAREHOUSE, REVOLVING FUND AND A VARIETY OF COMMUNITY PROGRAMS INCLUDING WINDSTORM EXEMPTION AND HISTORIC TAX CREDIT CONSULTING.
GHF HISTORIC PROPERTIES INCLUDE THE OPERATION OF TWO MUSEUM SITES, THE 1892 BISHOP'S PALACE AND THE TEXAS SEAPORT MUSEUM. GHF MAINTAINS AND OPERATES FIVE OTHER HISTORIC SITES AS RENTAL VENUES AND A COLLECTIONS FACILITY. THROUGH THE TEXAS SEAPORT MUSEUM, WE OPERATE THE SEAGULL II, OUR MARITIME AND HISTORIC HARBOR TOUR VESSEL. EDUCATION AND GROUP TOURS PLAY A MAJOR FUNCTION IN BRINGING VISITORS TO THE SITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannan Pfeiffer Development/membership | Trustee | 1 | $0 |
Jim Andrews Tsm/elissa | Trustee | 1 | $0 |
Beverly Davis Events | Trustee | 1 | $0 |
Brax Easterwood Preservation Outreach Chai | Trustee | 1 | $0 |
Cesar Hernandez Business Development | Trustee | 1 | $0 |
Jeri Kinnear Public Policy | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Care Service Corp Health Insurance | 6/29/22 | $385,704 |
Gexa Energy Utilities | 6/29/22 | $373,481 |
Maury Donnelly & Parr Inc Property Insurance | 6/29/22 | $206,068 |
Right Choice Restoration Repairs & Maintenance | 6/29/22 | $165,800 |
Gibson Group Limited Design & Production Co | 6/29/22 | $144,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $164,719 |
| Fundraising events | $0 |
| Related organizations | $181,691 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $962,169 |
| Noncash contributions included in lines 1a–1f | $113,323 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,308,579 |
| Total Program Service Revenue | $2,145,362 |
| Investment income | $105,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,179,166 |
| Net Gain/Loss on Asset Sales | $158,758 |
| Net Income from Fundraising Events | $977,829 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $398,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,231,722 |
| 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 | $2,288,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $304,381 |
| Payroll taxes | $217,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,465 |
| Advertising and promotion | $263,827 |
| Office expenses | $168,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $604,300 |
| Travel | $2,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,007,087 |
| Insurance | $529,095 |
| All other expenses | $53,901 |
| Total functional expenses | $7,025,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,683,422 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $62,500 |
| Accounts receivable, net | $29,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $382,298 |
| Prepaid expenses and deferred charges | $23,278 |
| Net Land, buildings, and equipment | $20,113,368 |
| Investments—publicly traded securities | $1,286,545 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,382,759 |
| Total assets | $31,964,060 |
| Accounts payable and accrued expenses | $136,091 |
| 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 | $2,233,016 |
| Total liabilities | $2,369,107 |
| Net assets without donor restrictions | $28,304,304 |
| Net assets with donor restrictions | $1,290,649 |
| 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 | $31,964,060 |