Trust For Architectural Easements
- Assets
- $2.9m
- Revenue
- $149.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 31-1758303
Organization Overview
Trust For Architectural Easements is located in Washington, DC. The organization was established in 2001. 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 12/2022, Trust For Architectural Easements employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trust For Architectural Easements 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, Trust For Architectural Easements generated $149.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $267.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST'S MISSION IS TO BE A LEADING FORCE IN THE PRESERVATION OF AMERICA'S HISTORIC ARCHITECTURE BY WORKING TO ENSURE THAT HISTORIC PROPERTIES AND NEIGHBORHOODS ARE PRESERVED IN PERPETUITY FOR THE ENVIRONMENT AND EDUCATION OF FUTURE GENERATIONS. THE TRUST USES A VARIETY OF METHODS TO MEET THIS GOAL INCLUDING PRESERVATION EASEMENT DONATIONS AND CULTIVATING AN APPRECIATION FOR AMERICAN ARCHITECTURAL HISTORY.
Describe the Organization's Program Activity:
STEWARDSHIP PROGRAM: THE TRUST INSPECTS EACH OF THE PROPERTIES ON WHICH IT HOLDS AN EASEMENT AT LEAST ONCE EVERY OTHER YEAR, AND COMPARES THE CONDITION OF THE PROPERTY TO BASELINE PHOTOGRAPHS ON FILE TO ENSURE THAT THE PROPERTY IS IN COMPLIANCE WITH THE TERMS OF THE EASEMENT. IN 2018, THE TRUST MONITORED THE PROPERTIES FOR WHICH AN EASEMENT WAS GRANTED BETWEEN 2001 AND 2010. NO EASEMENT DONATIONS WERE ACCEPTED BETWEEN 2011 AND 2017. ONE EASEMENT DONATION WAS ACCEPTED IN 2018. IN ADDITION, THE TRUST REVIEWS AND RESPONDS TO CHANGE REQUESTS FROM OWNERS SEEKING THE TRUST'S CONSENT, AS REQUIRED BY THE TERMS OF THE EASEMENT, TO MAKE ALTERATIONS TO THEIR PROPERTIES. THE TRUST'S DECISIONS REGARDING ALTERATIONS CONFORM WITH THE SECRETARY OF THE INTERIOR'S STANDARDS FOR REHABILITATION AND GUIDELINES FOR REHABILITATING HISTORIC BUILDINGS. THE TRUST ALSO TRACKS CHANGES IN OWNERSHIP OF EASEMENT-PROTECTED PROPERTIES BY REVIEWING LAND RECORDS AND COMMUNICATING REGULARLY WITH PROPERTY OWNERS. COMMUNICATIONS WITH POTENTIAL BUYERS OF EASEMENT-ENCUMBERED PROPERTIES AND THEIR REPRESENTATIVES REINFORCE THE OWNER'S OBLIGATIONS UNDER THE TERMS OF THE EASEMENT, AS WELL AS THE TRUST'S RIGHTS AND RESPONSIBILITIES VIS A VIS THE PROPERTIES. NEW OWNERS ARE PROVIDED WITH A COPY OF THE RECORDED EASEMENT, AS WELL AS INFORMATION ABOUT THE TRUST'S ANNUAL MONITORING PROCESS AND CHANGE REQUEST POLICIES AND PROCEDURES. LEGAL ACTION IS TAKEN TO DEFEND THE ENFORCEABILITY OF THE EASEMENTS AND TO ENSURE COMPLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven L Mcclain President | OfficerTrustee | 40 | $100,000 |
Bradley Runyan Esquire Chairman | Trustee | 1 | $0 |
Sudeep Anand Director | Trustee | 1 | $0 |
Krishna Roy Director | Trustee | 1 | $0 |
Donald Dewey Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $113,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,754 |
| 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. | $118,203 |
| Compensation of current officers, directors, key employees. | $79,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,677 |
| Pension plan accruals and contributions | $193 |
| Other employee benefits | $193 |
| Payroll taxes | $8,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,793 |
| Fees for services: Accounting | $9,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,636 |
| Fees for services: Other | $47,280 |
| Advertising and promotion | $0 |
| Office expenses | $5,860 |
| Information technology | $11,725 |
| Royalties | $0 |
| Occupancy | $26,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,177 |
| Insurance | $4,479 |
| All other expenses | $0 |
| Total functional expenses | $267,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35 |
| 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 | $3,884 |
| Net Land, buildings, and equipment | $1,499 |
| Investments—publicly traded securities | $2,876,561 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,898,835 |
| Accounts payable and accrued expenses | $2,702 |
| 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 | $117,711 |
| Total liabilities | $120,413 |
| Net assets without donor restrictions | $2,778,422 |
| 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 | $2,898,835 |