Heritage Conservancy
- Assets
- $30.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 33
- Location
- Doylestown, PA
- Founding
- 07/1960
- Data as of
- 12/2021
- EIN
- 23-6296515
Organization Overview
Heritage Conservancy is located in Doylestown, PA. The organization was established in 1960. 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 12/2021, Heritage Conservancy employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Conservancy 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 12/2021, Heritage Conservancy generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A COMMUNITY BASED ORGANIZATION DEDICATED TO THE PRESERVATION AND PROTECTION OF SIGNIFICANT OPEN SPACES, NATURAL RESOURCES, AND OUR HISTORIC HERITAGE.
Describe the Organization's Program Activity:
HERITAGE CONSERVANCY WORKS WITH PRIVATE LANDOWNERS AND MUNICIPALITIES TO PERMANENTLY PROTECT THE REGION'S SIGNIFICANT NATURAL AND HISTORIC RESOURCES. WE HOLD 249 CONSERVATION EASEMENTS ON 8939 ACRES OF FARMLAND, WOODLANDS, PARKLAND AND SCENIC LANDSCAPES THAT HELP ENHANCE OUR AREA'S WATER AND AIR QUALITY. HERITAGE ALSO SERVES AS LAND TRUST BENEFICIARY ON AN ADDITIONAL 47 CONSERVATION EASEMENTS, WHICH PROTECT ANOTHER 2514 ACRES. STAFF MONITORS EASEMENTS ANNUALLY TO ENSURE ADHERENCE TO DESIGNATED CONSERVATION PURPOSES. WE PARTNER WITH MUNICIPALITIES TO PROVIDE ASSISTANCE WITH LOCAL PRESERVATION EFFORTS INCLUDING LANDOWNER OUTREACH, EASEMENT NEGOTIATIONS, SECURING FUNDING, AND PERFORMING ANNUAL MONITORING DUTIES ON MUNICIPALLY-HELD EASEMENTS. OUR HISTORIC PRESERVATION EFFORTS INCLUDE SERVING AS THE HOLDER OF 16 FAADE EASEMENTS, WHICH ARE ALSO MONITORED BY STAFF EACH YEAR; DOCUMENTING IMPORTANT HISTORIC STRUCTURES VIA HISTORIC RESOURCE SURVEYS IN BUCKS AND MONTGOMERY COUNTIES. HERITAGE CONSERVANCY'S REGISTER OF HISTORIC PLACES FEATURES OVER 600 PROPERTIES OF SIGNIFICANCE.
HERITAGE CONSERVANCY OWNS 50 PROPERTIES TOTALING 1506 ACRES. IN 2021, MORE THAN 438 VOLUNTEERS DONATED 4,120 HOURS OF THEIR TIME ASSISTING STAFF IN STEWARDSHIP ACTIVITIES SUCH AS TREE PLANTINGS, TRAIL CLEARING, TRASH CLEAN-UPS, AND HABITAT IMPROVEMENTS AT SEVERAL HERITAGE CONSERVANCY PROPERTIES. ALDIE MANSION CONTINUES TO SERVE AS HOME TO OUR PROFESSIONAL OFFICES AS WELL AS A DESTINATION TO MORE THAN 20,000 VISITORS ANNUALLY. WE CONTINUE TO SHOWCASE OUR PROPERTIES THROUGH PROGRAMMING AND EVENTS THAT ALLOW THE PUBLIC TO EXPERIENCE NATURE AND HISTORY FIRSTHAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda J Cacossa Coo/cfo | Officer | 40 | $130,044 |
Jeffrey L Marshall Senior Advis | Officer | 40 | $86,413 |
William Kunze President | Officer | 40 | $52,345 |
Stephen L Phillips Chairman | OfficerTrustee | 2 | $0 |
Maria Rieders PHD Vice Chair | OfficerTrustee | 2 | $0 |
Kevin Zosulis CFA Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $130,358 |
| Fundraising events | $155,624 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,984,724 |
| Noncash contributions included in lines 1a–1f | $3,052 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,270,706 |
| Total Program Service Revenue | $298,814 |
| Investment income | $240,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $332,228 |
| Net Gain/Loss on Asset Sales | $436,067 |
| Net Income from Fundraising Events | -$37,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,652,763 |
| 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. | $236,197 |
| Compensation of current officers, directors, key employees. | $47,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $943,579 |
| Pension plan accruals and contributions | $16,831 |
| Other employee benefits | $74,263 |
| Payroll taxes | $90,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,906 |
| Fees for services: Accounting | $18,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,338 |
| Fees for services: Other | $36,852 |
| Advertising and promotion | $10,634 |
| Office expenses | $116,732 |
| Information technology | $9,225 |
| Royalties | $0 |
| Occupancy | $381,434 |
| Travel | $13,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,464 |
| Interest | $203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,803 |
| Insurance | $46,596 |
| All other expenses | $0 |
| Total functional expenses | $2,318,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,614 |
| Savings and temporary cash investments | $4,272,184 |
| Pledges and grants receivable | $612,336 |
| Accounts receivable, net | $15,980 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $11,301 |
| Prepaid expenses and deferred charges | $9,264 |
| Net Land, buildings, and equipment | $14,663,203 |
| Investments—publicly traded securities | $7,974,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,076,933 |
| Total assets | $30,719,315 |
| Accounts payable and accrued expenses | $80,980 |
| Grants payable | $0 |
| Deferred revenue | $1,041,556 |
| 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 | $33,471 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $208,588 |
| Total liabilities | $1,364,595 |
| Net assets without donor restrictions | $10,780,341 |
| Net assets with donor restrictions | $18,574,379 |
| 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 | $30,719,315 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Conservancy has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Robert Mceldowney Jr Family Foundation Williamsburg, VA PURPOSE: COMMUNITY BASED | $1,500 |
Endowment Analysis
| Beg. Balance | $11,249,308 |
| Earnings | $1,327,223 |
| Admin Expense | -$30,809 |
| Net Contributions | $123,803 |
| Other Expense | -$693,517 |
| Ending Balance | $11,976,008 |
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 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Western Reserve Historical Society Cleveland, OH | $45,747,344 | $9,269,565 |
Stan Hywet Hall & Gardens Inc Akron, OH | $11,720,685 | $5,111,685 |