Preservation Trust Of Vermont Inc
- Assets
- $11.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Burlington, VT
- Founding
- 03/1982
- Data as of
- 09/2021
- EIN
- 03-0281195
Organization Overview
Preservation Trust Of Vermont Inc is located in Burlington, VT. The organization was established in 1982. 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 09/2021, Preservation Trust Of Vermont Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Trust Of Vermont 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 09/2021, Preservation Trust Of Vermont Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $2.6m during the year ending 09/2021. While expenses have increased by 13.1% per year over the past 6 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.
Since 2015, Preservation Trust Of Vermont Inc has awarded 164 individual grants totaling $5,861,027. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INITIATE, STIMULATE, AND ASSIST LOCAL AND STATEWIDE EFFORTS TO PRESERVE AND USE VERMONT'S RICH COLLECTION OF HISTORIC, ARCHITECTURAL, CULTURAL, AND COMMUNITY RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"PRESERVATION GRANTS" - IN PARTNERSHIP WITH SEVERAL MAJOR FOUNDATIONS, THE ORGANIZATION DISTRIBUTED DIRECT SUPPORT TO OVER 130 TOWNS, INDIVIDUALS AND ORGANIZATIONS IN SUPPORT OF RESTORATION AND REHABILITATION PROJECTS THROUGHOUT VERMONT.
THE ORGANIZATION'S ACTIVITIES WHICH CONSTITUTE THE CORE PROGRAM OF THE ORGANIZATION INCLUDE A VARIETY OF EDUCATIONAL, TECHNICAL SUPPORT, AND OTHER DIRECT FINANCIAL ASSISTANCE PROGRAMS FOCUSING ON A WIDE RANGE OF PRESERVATION ISSUES IN THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Gamache Director (dec 20-Sep 21) / Interim E.d. (jan 20-Nov 20) | OfficerTrustee | 40 | $95,013 |
Linda Markin Finance Officer | Officer | 9 | $37,950 |
Ben Doyle Executive Director (nov 20 - Sep 21) | Officer | 40 | $32,122 |
Charlie Sincerbeaux Secretary | OfficerTrustee | 3 | $0 |
Mark Beams Vice Chair | OfficerTrustee | 3 | $0 |
Emily Wadhams Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $705,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,862,523 |
| Noncash contributions included in lines 1a–1f | $309,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,568,113 |
| Total Program Service Revenue | $7,956 |
| Investment income | $98,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,248 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,781,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,621,880 |
| 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. | $176,954 |
| Compensation of current officers, directors, key employees. | $30,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,904 |
| Pension plan accruals and contributions | $11,931 |
| Other employee benefits | $8,287 |
| Payroll taxes | $32,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,698 |
| Fees for services: Accounting | $13,740 |
| Fees for services: Lobbying | $15,305 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,978 |
| Fees for services: Other | $86,660 |
| Advertising and promotion | $0 |
| Office expenses | $10,860 |
| Information technology | $17,205 |
| Royalties | $0 |
| Occupancy | $47,123 |
| Travel | $11,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,705 |
| Interest | $5,373 |
| Payments to affiliates | $31,745 |
| Depreciation, depletion, and amortization | $89,002 |
| Insurance | $35,882 |
| All other expenses | $0 |
| Total functional expenses | $2,584,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,145 |
| Savings and temporary cash investments | $1,109,565 |
| 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 | $44,262 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $293,684 |
| Investments—publicly traded securities | $7,014,452 |
| Investments—other securities | $0 |
| Investments—program-related | $2,391,123 |
| Intangible assets | $0 |
| Other assets | $222,102 |
| Total assets | $11,110,333 |
| Accounts payable and accrued expenses | $0 |
| 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 | $257,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,241 |
| Total liabilities | $259,520 |
| Net assets without donor restrictions | $5,307,070 |
| Net assets with donor restrictions | $5,543,743 |
| 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 | $11,110,333 |
Grants Awarded
Over the last fiscal year, Preservation Trust Of Vermont Inc has awarded $1,525,449 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, VT PURPOSE: Preservation | $269,366 |
Lake Elmore, VT PURPOSE: Preservation | $234,671 |
East Calais, VT PURPOSE: Preservation | $142,695 |
East Calais, VT PURPOSE: Preservation | $100,357 |
Poultney, VT PURPOSE: Preservation | $100,000 |
Rupert, VT PURPOSE: Preservation | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Preservation Trust Of Vermont Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $1,500 |
Endowment Analysis
| Beg. Balance | $2,735,448 |
| Net Contributions | $105,250 |
| Ending Balance | $2,840,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |