Preservation Society Of Asheville And Buncombe County Inc
- Assets
- $1.5m
- Revenue
- $855.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Asheville, NC
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 59-1768097
Organization Overview
Preservation Society Of Asheville And Buncombe County Inc is located in Asheville, NC. The organization was established in 1977. 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 06/2022, Preservation Society Of Asheville And Buncombe County Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Society Of Asheville And Buncombe County 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 06/2022, Preservation Society Of Asheville And Buncombe County Inc generated $855.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.9% each year . All expenses for the organization totaled $261.9k during the year ending 06/2022. While expenses have increased by 20.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSERVE ASHEVILLE AND BUNCOMBE COUNTY'S HERITAGE AND SENSE OF PLACE THROUGH PRESERVATION AND PROMOTION OF THE REGIONS HISTORIC RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION GRANTS: THE PRESERVATION SOCIETY OF ASHEVILLE & BUNCOMBE COUNTY (PSABC) FUNDS DESERVING INITIATIVES IN THREE CATEGORIES: 1. BRICKS-AND-MORTAR REHABILITATION, RESTORATION, AND REPAIR OF STRUCTURES THAT ARE 50 YEARS OF AGE OR OLDER. 2. PUBLIC EDUCATION DEVELOPMENT OF EDUCATIONAL MATERIALS AND PROGRAMS THAT ADVANCE KNOWLEDGE OF OUR SHARED HISTORY. 3. PLANNING, SURVEY, AND DESIGNATION PLANNING AND DESIGN FOR BUILDING REHABILITATION AND RESTORATION PROJECTS, HISTORIC RESOURCE SURVEYS, AND LOCAL OR NATIONAL DESIGNATIONS.
GRIFFIN AWARDS: OUR ANNUAL PRESERVATION AWARDS PROGRAM HIGHLIGHTS THE WORK OF OUR COMMUNITY IN PROJECTS THAT WORK TO SAVE HISTORIC PLACES. AWARD CATEGORIES INCLUDE (1) REHABILITATION, (2) ADAPTIVE REUSE, (3) EDUCATION & PUBLICATION, (4) RESTORATION, AND (5) NEW IN-FILL CONSTRUCTION, AMONG OTHERS.
HISTORIC PROPERTY REDEVELOPMENT: FUNDAMENTALLY, HISTORIC PRESERVATION INCLUDES THE PRACTICE OF REAL PROPERTY TRANSACTION. USING EASEMENTS, OPTIONS TO PURCHASE, PROTECTIVE COVENANTS AND PRESERVATION EASEMENTS, PSABC PERMANENTLY PROTECTS A NUMBER OF PROPERTIES EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Landl Executive Director | Officer | 40 | $67,452 |
Josi Ward Vice President | OfficerTrustee | 1 | $4,125 |
Cynthia Watson Secretary | OfficerTrustee | 1 | $0 |
William Eakins Treasurer | OfficerTrustee | 2 | $0 |
Amy Hornaday President | OfficerTrustee | 3 | $0 |
Jennifer Cathey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,055 |
| Fundraising events | $20,685 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,949 |
| Noncash contributions included in lines 1a–1f | $465,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,689 |
| Total Program Service Revenue | $6,950 |
| Investment income | $735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,738 |
| Net Income from Fundraising Events | -$2,349 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,419 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $855,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,000 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,320 |
| Compensation of current officers, directors, key employees. | $7,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,356 |
| Payroll taxes | $10,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,319 |
| Advertising and promotion | $0 |
| Office expenses | $22,955 |
| Information technology | $4,138 |
| Royalties | $0 |
| Occupancy | $1,973 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,245 |
| Insurance | $3,821 |
| All other expenses | $1,120 |
| Total functional expenses | $261,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,671 |
| Savings and temporary cash investments | $972,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $527,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,513,729 |
| Accounts payable and accrued expenses | $11,288 |
| 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 | $42,904 |
| Total liabilities | $54,192 |
| Net assets without donor restrictions | $1,400,040 |
| Net assets with donor restrictions | $59,497 |
| 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 | $1,513,729 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Preservation Society Of Asheville And Buncombe County Inc has recieved totaling $37,628.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $21,482 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Society Of Charleston Charleston, SC | $9,215,770 | $2,455,681 |