Utah Heritage Foundation
- Assets
- $1.8m
- Revenue
- $169.8k
- Investments
- $0.0
- Employees
- 16
- Location
- Salt Lake City, UT
- Founding
- 08/1966
- Data as of
- 12/2023
- EIN
- 87-0272392
Organization Overview
Utah Heritage Foundation, operating under the name Preservation Utah, is located in Salt Lake City, UT. The organization was established in 1966. 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 12/2023, Preservation Utah employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Utah 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 12/2023, Preservation Utah generated $169.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $245.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 9 years. 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
THE ORGANIZATION'S MISSION IS TO KEEP THE PAST ALIVE, NOT ONLY FOR PRESERVATION, BUT TO INSPIRE AND PROVOKE A MORE CREATIVE PRESENT AND SUSTAINABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & ADVOCACY PRESERVATION UTAH ADVOCATES FOR PRESERVATION-ORIENTED PUBLIC POLICIES BY WORKING WITH ELECTED OFFICIALS AND ADMINISTRATORS, SUPPORTING RELEVANT LEGISLATION, AND PROVIDING CREATIVE AND SUSTAINABLE SOLUTIONS IN COLLABORATION WITH PROPERTY OWNERS. THE ORGANIZATION PARTNERS WITH THE UTAH STATE HISTORIC PRESERVATION OFFICE TO HOST AN ANNUAL PRESERVATION CONFERENCE AND ALSO PROVIDES EDUCATION TO THE PUBLIC THROUGH LECTURE SERIES, ONGOING TOURS, AND CULTURAL EVENTS. IN ALL OF ITS OUTREACH, PRESERVATION UTAH AIMS TO EDUCATE THE PUBLIC ABOUT UTAH'S ARCHITECTURAL LEGACY AND HISTORIC PRESERVATION. THE ANNUAL PRESERVATION CONFERENCE IS THE PREMIER PRESERVATION CONFERENCE IN THE STATE OF UTAH. IT BRINGS TOGETHER PRESERVATION PROFESSIONALS, TECHNICAL EXPERTS, STUDENTS, PROPERTY OWNERS, AND THE GENERAL PUBLIC TO NETWORK AND LEARN ABOUT PRESERVATION IN OUR STATE.
HISTORIC PROPERTIES PRESERVATION UTAH'S HISTORIC PROPERTIES PROGRAM PRESERVES AND PROTECTS UTAH'S BUILT ENVIRONMENT THROUGH LOAN, EASEMENT, AND REHABILITATION PROJECTS. SINCE 1970, THE ORGANIZATION HAS MANAGED A REVOLVING LOAN FUND THAT OFFERS LOW-INTEREST LOANS TO OWNERS OF HISTORIC PROPERTY. LOAN PROJECTS MUST MEET NATIONAL STANDARDS OF HISTORIC PRESERVATION TO BE APPROVED. SINCE THE LOAN PROGRAM'S INCEPTION, ENTIRE NEIGHBORHOODS HAVE BEEN REVITALIZED. THE EASEMENT PROGRAM PROVIDES PERMANENT PROTECTION FOR OVER 125 HISTORIC PROPERTIES IN THE STATE OF UTAH. EACH YEAR, PRESERVATION UTAH INSPECTS THESE PROPERTIES AND RATES THEIR CONDITIONS. A REPORT IS GIVEN TO EACH PROPERTY OWNER WITH SUGGESTIONS ON HOW TO CARE FOR THEIR PROPERTY. THE REHABILITATION PROGRAM PROVIDES THE PUBLIC WITH PRACTICAL PRESERVATION TRAINING THROUGH GUEST LECTURES AND WORKSHOPS. THE EVENTS FOCUS ON TRAINING IN HISTORIC PRESERVATION TECHNIQUES.
OTHER PROGRAM THROUGHOUT THE YEAR, THE ORGANIZATION OFFERS OTHER PROGRAMMING THAT ALIGNS WITH ITS MISSION, INCLUDING THE COMMUNITY STEWARDSHIP AWARDS AND HOME TOURS. THE ORGANIZATION'S COMMUNITY STEWARDSHIP AWARDS RECOGNIZE THE BEST IN UTAH'S PRESERVATION WORK ANNUALLY. AWARD CATEGORIES INCLUDE REHABILITATION & RESTORATION, HERITAGE ORGANIZATION OR BUSINESS, ADAPTIVE REUSE, INDIVIDUAL, AND LIFETIME ACHIEVEMENT. THE ORGANIZATION'S SEMI-ANNUAL HOME TOURS FOCUS ON VARIED HISTORIC NEIGHBORHOODS IN UTAH. THEY ARE OFFERED TO THE GENERAL PUBLIC AND PROVIDE EDUCATION AND HISTORY ABOUT THE HOMES, NEIGHBORHOODS, AND ARCHITECTURAL STYLES OF THE FEATURED PROPERTIES. PROPERTIES SELECTED IN THE TOURS DEMONSTRATE POSITIVE CASES OF HISTORIC PRESERVATION AND ARE EXAMPLES TO BE REPLICATED BY THE PUBLIC IN THEIR OWN REHABILITATION WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Strand Executive Di | Officer | 40 | $27,576 |
David Amott Executive Di | Officer | 40 | $6,760 |
Kristian Kallaker Interim Ex. | Officer | 20 | $12,876 |
Timothy Houpt Chair | OfficerTrustee | 4 | $0 |
Patrick Becker Vice Chair | OfficerTrustee | 4 | $0 |
Melanie Gong Treasurer | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,341 |
| Fundraising events | $13,270 |
| Related organizations | $0 |
| Government grants | $95,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,700 |
| Noncash contributions included in lines 1a–1f | $5,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,311 |
| Total Program Service Revenue | $33,461 |
| Investment income | $46,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$28,052 |
| Net Gain/Loss on Asset Sales | $367 |
| Net Income from Fundraising Events | -$7,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,460 |
| Compensation of current officers, directors, key employees. | $42,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,513 |
| Pension plan accruals and contributions | $3,041 |
| Other employee benefits | $4,097 |
| Payroll taxes | $11,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $30,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,248 |
| Fees for services: Other | $738 |
| Advertising and promotion | $483 |
| Office expenses | $4,795 |
| Information technology | $4,672 |
| Royalties | $0 |
| Occupancy | $10,702 |
| Travel | $3 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $75 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000 |
| Insurance | $9,761 |
| All other expenses | $2,630 |
| Total functional expenses | $245,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,105,302 |
| Pledges and grants receivable | $95,000 |
| Accounts receivable, net | $2,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $295,976 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $23,284 |
| Investments—publicly traded securities | $279,386 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,802,273 |
| Accounts payable and accrued expenses | $20,480 |
| Grants payable | $0 |
| Deferred revenue | $12,175 |
| 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 | $89,254 |
| Other liabilities | $0 |
| Total liabilities | $121,909 |
| Net assets without donor restrictions | $738,818 |
| Net assets with donor restrictions | $941,546 |
| 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 | $1,802,273 |