Society For The Preservation Of Maryland Antiquities
- Assets
- $15.4m
- Revenue
- $2.8m
- Investments
- $12.7m
- Employees
- 17
- Location
- Baltimore, MD
- Founding
- 04/1949
- Data as of
- 09/2021
- EIN
- 52-0609575
Organization Overview
Society For The Preservation Of Maryland Antiquities is located in Baltimore, MD. The organization was established in 1949. 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 09/2021, Society For The Preservation Of Maryland Antiquities employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For The Preservation Of Maryland Antiquities 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, Society For The Preservation Of Maryland Antiquities generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $1.7m during the year ending 09/2021. While expenses have increased by 12.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF GRANTS TO NONPROFIT ORGANIZATIONS TO PRESERVE HISTORIC PROPERTIES IN MARYLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING - SUPPORTS PRESERVATION PROJECTS AND ORGANIZATIONS THROUGH LOANS AND GRANTS.
EDUCATION AND OUTREACH - WORKS WITH TARGETED ORGANIZATIONS TO ASSESS SPECIFIC NEEDS AND TO HELP ADDRESS THEM THROUGH TECHNICAL ASSISTANCE, WORKSHOPS, PUBLICATIONS, AND GRANTS. ALSO SPONSORS CONFERENCES, LECTURES, AND TOURS.
ADVOCACY - SUPPORTS THE CAUSE OF HISTORIC PRESERVATION BROADLY AS A PARTICIPANT IN ANNUAL EFFORTS TO ENSURE APPROPRIATE PUBLIC FUNDING FOR GOVERNMENT PRESERVATION PROGRAMS.
PRESERVATION SERVICES - THE SOCIETY PROVIDES A VARIETY OF SERVICES TO AID THOSE SEEKING TO PRESERVE BUILDINGS OR ANTIQUITIES THAT WOULD BE CONSISTENT WITH THE SOCIETY'S MISSION.PROPERTIES AND COLLECTIONS - THE SOCIETY MAINTAINS HISTORICAL BUILDINGS AND ARTIFACTS TO FURTHER EDUCATE THE PUBLIC ABOUT MARYLAND HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Redding President & CEO | Officer | 45 | $130,923 |
Katherine Parks Vice President | Officer | 45 | $59,134 |
Matthew J Daw Assistant Treasurer | OfficerTrustee | 3 | $0 |
Teresa T Michel Secretary | OfficerTrustee | 3 | $0 |
John Leith-Tetrault Treasurer | OfficerTrustee | 3 | $0 |
Thomas S Spencer Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,206 |
| Fundraising events | $28,100 |
| Related organizations | $0 |
| Government grants | $435,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,207,103 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,683,552 |
| Total Program Service Revenue | $12,500 |
| Investment income | $71,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,025,368 |
| Net Income from Fundraising Events | -$1,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,795,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,532 |
| 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. | $190,058 |
| Compensation of current officers, directors, key employees. | $15,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $558,194 |
| Pension plan accruals and contributions | $22,071 |
| Other employee benefits | $64,536 |
| Payroll taxes | $44,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,313 |
| Fees for services: Other | $214,348 |
| Advertising and promotion | $5,691 |
| Office expenses | $43,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,547 |
| Travel | $23,679 |
| 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 | $23,959 |
| Insurance | $10,677 |
| All other expenses | $0 |
| Total functional expenses | $1,657,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,152 |
| Savings and temporary cash investments | $1,070,976 |
| Pledges and grants receivable | $769,481 |
| 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 | $48,649 |
| Net Land, buildings, and equipment | $141,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,700,381 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,140 |
| Total assets | $15,413,425 |
| Accounts payable and accrued expenses | $131,032 |
| Grants payable | $229,956 |
| 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 | $1,987,365 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,823 |
| Total liabilities | $2,373,176 |
| Net assets without donor restrictions | $9,534,012 |
| Net assets with donor restrictions | $3,506,237 |
| 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 | $15,413,425 |
Grants Awarded
Over the last fiscal year, Society For The Preservation Of Maryland Antiquities has awarded $32,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Ellicott City, MD PURPOSE: RESTORATION OF QUAKER SECOND SCHOOL HOUSE | $10,000 |
Baltimore, MD PURPOSE: CAUKER'S HOUSES REHABILITATION | $7,500 |
Baltimore, MD PURPOSE: MALACHI MILLS HOUSE STABILIZATION | $7,500 |
Hyattsville, MD PURPOSE: BALTIMORE REGIONAL EDUCATION & TRAINING CENTER FAADE | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Society For The Preservation Of Maryland Antiquities has recieved totaling $59,400.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $59,300 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $629,271 |
| Earnings | $106,226 |
| Other Expense | $79,626 |
| Ending Balance | $655,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
White House Historical Association Washington, DC | $70,614,346 | $21,703,882 |
National Links Trust Washington, DC | $8,914,003 | $10,793,468 |
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
National Archives Foundation Washington, DC | $14,544,421 | $8,935,036 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
House Of The Temple Historic Preservation Foundation Inc Washington, DC | $31,687,828 | $5,822,669 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Supreme Court Historical Society The Society Washington, DC | $17,156,338 | $2,945,998 |
Lancasterhistory Org Lancaster, PA | $21,295,803 | $1,939,476 |
Partners For Sacred Places Inc Philadelphia, PA | $5,285,974 | $2,628,300 |