Historic Flat Rock Inc
- Assets
- $727.8k
- Revenue
- $53.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Flat Rock, NC
- Founding
- 01/1969
- Data as of
- 12/2022
- EIN
- 23-7003502
Organization Overview
Historic Flat Rock Inc is located in Flat Rock, NC. The organization was established in 1969. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Historic Flat Rock 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 12/2022, Historic Flat Rock Inc generated $53.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $98.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF HISTORIC HOMES, VIEWS AND LANDS IN THE FLAT ROCK HISTORIC DISTRICT ON THE NATIONAL REGISTER OF HISTORIC PLACES. OPERATE A CULTURAL CENTER AND DISSEMINATE HISTORIC INFORMATION BY PUBLISHING HISTORIC MATERIALS AND CREATING DOCUMENTARY FILMS. FURTHER DISSEMINATES INFORMATION THROUGHH BOTH MEMBERSHIP AND PUBLIC MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC DISTRICT - PRESERVATION OF HOMES, LANDS, AND ARCHAEOLOGICAL ACTIVITIES
OPERATE CUTURAL CENTER AND DISSEMINATION OF HISTORIC INFORMATION AND MATERIALS
MAINTENANCE OF PARK WITHIN FLAT ROCK AND WORK ON HISTORIC HOMES ARGYLE REPORTED IN 2021 HAS BEEN CONSOLIDATED WITH 4A HISTORIC DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane C Schenck President | OfficerTrustee | 5 | $0 |
Luke Hunter 1st Vice President | OfficerTrustee | 4 | $0 |
Michael Thompson 12nd Vice President | OfficerTrustee | 2 | $0 |
Sallie White Asst. Treasurer | OfficerTrustee | 2 | $0 |
Mary Boys Secretary | OfficerTrustee | 1 | $0 |
Bill Rushton Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,190 |
| Fundraising events | $1,387 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,566 |
| Total Program Service Revenue | $2,812 |
| Investment income | $9,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,825 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,799 |
| 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. | $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 | $30 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,260 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,733 |
| Information technology | $8,195 |
| Royalties | $0 |
| Occupancy | $31,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,005 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,937 |
| All other expenses | $1,524 |
| Total functional expenses | $98,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,076 |
| Savings and temporary cash investments | $393,760 |
| 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 | $0 |
| Net Land, buildings, and equipment | $150,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $65,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $727,836 |
| Accounts payable and accrued expenses | $107 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $107 |
| Net assets without donor restrictions | $727,729 |
| Net assets with donor restrictions | $0 |
| 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 | $727,836 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Historic Flat Rock Inc has recieved totaling $18,596.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $13,550 |
Pfefferkorn Foundation Inc 6392-1025876301 Winston Salem, NC PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Historic Charleston Foundation Charleston, SC | $32,935,368 | $6,777,038 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Jamestown Yorktown Foundation Inc Williamsburg, VA | $25,575,167 | $1,395,250 |
Omohundro Institute Of Early American History And Culture Williamsburg, VA | $24,007,466 | $7,241,259 |