Friends Of The Texas Historical Commission Inc
- Assets
- $4.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 04/1996
- Data as of
- 08/2023
- EIN
- 74-2773168
Organization Overview
Friends Of The Texas Historical Commission Inc is located in Austin, TX. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Texas Historical Commission 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 08/2023, Friends Of The Texas Historical Commission Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $1.6m during the year ending 08/2023. While expenses have increased by 19.7% per year over the past 8 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
TO PARTNER WITH THE TEXAS HISTORICAL COMMISSION TO PRESERVE AND PROTECT THE CULTURAL HERITAGE OF TEXAS, SECURING PRIVATE PHILANTHROPIC RESOURCES TO ENSURE A LASTING LEGACY FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECTING HISTORIC SITES ACROSS THE STATE - THE TEXAS HISTORICAL COMMISSION PRESERVES AND OPERATES 36 HISTORIC SITES THROUGHOUT THE STATE. THE ORGANIZATION SUPPORTS THE PRESERVATION OF THESE SITES AND HELPS RAISE THE FUNDS AND AWARENESS TO MAKE PRESERVATION, RESTORATION, AND INTERPRETATION POSSIBLE. THE ORGANIZATION SECURED PHILANTHROPIC SUPPORT FOR THE THC ACQUISITION OF A CRITICAL 50-ACRE PARCEL OF LAND ADJACENT TO THE SAN JACINTO BATTLEGROUND; WORKED ON ARCHAEOLOGICAL MASTER PLANS FOR THE SAN JACINTO BATTLEGROUND STATE HISTORIC SITE AND ALMONTE SURRENDER SITE; CREATED THE THC VIRTUAL LEARNING PORTAL AND MOBILE APP; BEGAN CAPITAL IMPROVEMENTS AT THE EISENHOWER BIRTHPLACE STATE HISTORIC SITE; AND ACQUIRED TWO PROPERTIES ADJACENT TO THE BUSH FAMILY HOME STATE HISTORIC SITE AND DONATED THE PROPERTIES TO THE THC.
2023 ANNUAL CONFERENCE: REAL PLACES: PRESERVING TEXAS HISTORY. THE 2023 ANNUAL CONFERENCE WAS PRESENTED IN PARTNERSHIP WITH THE TEXAS HISTORICAL COMMISSION. THE CONFERENCE PROVIDED OPPORTUNITIES TO LEARN FROM AND NETWORK WITH PROFESSIONAL STAFF, VOLUNTEERS, AND SUPPORTERS OF HISTORIC PRESERVATION AND HERITAGE TOURISM. ATTENDEES INCLUDED COUNTY HISTORICAL COMMISSIONS, MAIN STREET MANAGERS AND BOARD MEMBERS, HISTORIC PRESERVATION OFFICERS AND DESIGN REVIEW BOARDS, ARCHITECTS AND ENGINEERS, HISTORIANS, ARCHAEOLOGISTS, CURATORS, INTERPRETERS, MANAGERS OF MUSEUMS AND HISTORIC SITES, AS WELL AS THC STAFF, TEXAS HERITAGE TRAIL REGIONS, AND OTHER PARTNER AGENCIES. THE CONFERENCE PROVIDES CONTINUING EDUCATION, EXHIBITS OF INTEREST AND NETWORKING THROUGH SPEAKERS AND WORKSHOPS.
OTHER PROJECTS TO SUPPORT THE TEXAS HISTORICAL COMMISSION'S CORE MISSION OF PRESERVATION, STEWARDSHIP, AND PLACE-BASED, EXPERIENTIAL LEARNING. THE ORGANIZATION CONTINUES TO WORK ON PROJECTS THAT ADDRESS CORE PROGRAMMATIC INITIATIVES- ENHANCING THE VISITOR EXPERIENCE THROUGH CAPITAL PROJECTS, CREATING EDUCATION OPPORTUNITIES AND RESOURCES FOR STUDENTS AND VISITORS, AND BUILDING PRESERVATION CAPACITY THROUGH STEWARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anjali Kaul Zutshi Executive Dir. | Officer | 40 | $0 |
Brian Shivers Chairman | OfficerTrustee | 10 | $0 |
Sarita Hixon Vice Chair | OfficerTrustee | 8 | $0 |
Donna Carter Treasurer | OfficerTrustee | 12 | $0 |
Terry Colley Secretary | OfficerTrustee | 5 | $0 |
Jane Barnhill Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $831,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,057,825 |
| Total Program Service Revenue | $351,861 |
| Investment income | $87,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,562,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $646,563 |
| Grants and other assistance to domestic individuals. | $3,680 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,899 |
| Fees for services: Investment Management | $31,011 |
| Fees for services: Other | $12,099 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $171,699 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340,403 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,131 |
| All other expenses | $20,821 |
| Total functional expenses | $1,587,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,555 |
| Savings and temporary cash investments | $627,747 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $78,126 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,359,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,490,062 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $500,000 |
| 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 | $0 |
| Total liabilities | $500,000 |
| Net assets without donor restrictions | $1,598,794 |
| Net assets with donor restrictions | $2,391,268 |
| 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 | $4,490,062 |
Grants Awarded
Over the last fiscal year, Friends Of The Texas Historical Commission Inc has awarded $646,563 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS ARCHEOLOGICAL SOCIETY PURPOSE: Archeology research | $10,000 |
TEXAS HISTORICAL COMMISSION PURPOSE: Land acquistion | $636,563 |