Preservation Austin
- Assets
- $1.9m
- Revenue
- $557.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 06/1955
- Data as of
- 08/2023
- EIN
- 74-6060685
Organization Overview
Preservation Austin is located in Austin, TX. The organization was established in 1955. 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 08/2023, Preservation Austin employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Austin 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, Preservation Austin generated $557.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $592.1k during the year ending 08/2023. While expenses have increased by 10.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER AUSTINITES TO SHAPE A MORE INCLUSIVE, RESILIENT, AND MEANINGFUL COMMUNITY CULTURE.
Describe the Organization's Program Activity:
ANNUAL PROGRAMMING CULTIVATES COMMUNITY SUPPORT FOR PRESERVING AUSTIN'S HISTORIC LANDMARKS, NEIGHBORHOODS, CULTURAL LANDSCAPES, AND LEGACY BUSINESSES. OUR SPRING HOMES TOUR SHOWCASES 21ST CENTURY LIVING IN HISTORIC SPACES; THE PRESERVATION MERIT AWARDS PROGRAM CELEBRATES THE ADVOCATES SAVING, RESTORING, AND INTERPRETING OUR CITY'S HERITAGE; AND LECTURES AND TOURS ENGAGE AUSTINITES IN DIVERSE ASPECTS OF CULTURAL AND ARCHITECTURAL HISTORY.
ADVOCACY FOCUSES ON EDUCATING OUR COMMUNITY ABOUT POLICY ISSUES WITH BROAD IMPLICATIONS FOR HISTORIC RESOURCES AT EVERY LEVEL OF GOVERNMENT. THIS INCLUDES SUPPORTING PUBLIC FUNDING FOR HISTORIC RESOURCE SURVEYS AND HERITAGE GRANTS; PROVIDING TECHNICAL SUPPORT FOR HISTORIC ZONING EFFORTS; SITE-SPECIFIC ADVOCACY TO ENCOURAGE PRESERVATION OF THREATENED BUILDINGS; AND MORE.
TANGIBLE IMPACTS ON OUR CITY INCLUDE PRESERVATION AUSTIN'S MATCHING GRANT PROGRAM FOR EDUCATION, BRICKS AND MORTAR, AND PLANNING/HISTORIC RESOURCE SURVEY/LOCAL HISTORIC DESIGNATION PROJECTS. WE MANAGE A PORTFOLIO OF 23 PRESERVATION COVENANTS, WORKING WITH PROPERTY OWNERS TO ENSURE CAREFUL STEWARDSHIP OF THEIR PIECE OF AUSTIN HISTORY. OUR NONPROFIT PURCHASED THE STREAMLINE MODERNE MCFARLAND HOUSE IN 2019 AND IS WORKING TO COMPLETE REHABILITATION OF THIS NATIONAL REGISTER-LISTED CITY OF AUSTIN LANDMARK FOR OUR ORGANIZATION'S OFFICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Derrington Executive Di | Officer | 40 | $75,620 |
Clayton Bullock Imm Past Pre | OfficerTrustee | 2 | $0 |
Linda Y Jackson President | OfficerTrustee | 3 | $0 |
Melissa Barry President-El | OfficerTrustee | 3 | $0 |
Elisha Perez Vice Preside | OfficerTrustee | 2 | $0 |
Emily Reed Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $136,679 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,083 |
| Noncash contributions included in lines 1a–1f | $4,931 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,561 |
| Total Program Service Revenue | $73,685 |
| Investment income | $17,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $557,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,700 |
| Grants and other assistance to domestic individuals. | $21,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,312 |
| Compensation of current officers, directors, key employees. | $13,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,433 |
| Payroll taxes | $17,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,790 |
| Fees for services: Other | $9,968 |
| Advertising and promotion | $7,589 |
| Office expenses | $31,373 |
| Information technology | $15,061 |
| Royalties | $0 |
| Occupancy | $21,061 |
| Travel | $154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,778 |
| Insurance | $10,988 |
| All other expenses | $0 |
| Total functional expenses | $592,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,874 |
| 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 | $6,032 |
| Net Land, buildings, and equipment | $1,014,723 |
| Investments—publicly traded securities | $697,085 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,867,154 |
| Accounts payable and accrued expenses | $6,801 |
| Grants payable | $44,000 |
| Deferred revenue | $1,475 |
| 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 | $873,024 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $925,300 |
| Net assets without donor restrictions | $911,854 |
| Net assets with donor restrictions | $30,000 |
| 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 | $1,867,154 |
Grants Awarded
Over the last fiscal year, Preservation Austin has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CISCO RESTURANT PURPOSE: RESTORATION | $8,500 |
TEXAS HISTORICAL COMMISSION PURPOSE: RESTORATION | $7,500 |