Historic Homes Foundation Inc
- Assets
- $6.0m
- Revenue
- $895.1k
- Investments
- $27.2k
- Employees
- 9
- Location
- Louisville, KY
- Founding
- 03/1959
- Data as of
- 08/2023
- EIN
- 61-0549274
Organization Overview
Historic Homes Foundation Inc is located in Louisville, KY. The organization was established in 1959. 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 08/2023, Historic Homes Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Homes Foundation 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 08/2023, Historic Homes Foundation Inc generated $895.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $915.0k during the year ending 08/2023. While expenses have increased by 14.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PURCHASE, PRESERVE AND DISPLAY HISTORIC SITES AND TO ADVANCE EDUCATION, CULTURE, AND THE ARTS IN KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS: FARMINGTON 3033 BARDSTOWN ROAD LOUISVILLE, KY 40205
MUSEUM OPERATIONS: WHITEHALL 3110 LEXINGTON ROAD LOUISVILLE, KY 40206
ALL OTHER HISTORIC HOMES RELATED PROGRAM EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Wilkinson President | OfficerTrustee | 2 | $0 |
Butch Shaw Hhf/te Treasurer | OfficerTrustee | 2 | $0 |
John Stough Trustee | Trustee | 1 | $0 |
Robert Butler Trustee | Trustee | 1 | $0 |
Bob Brand Farmington Board Regent | Trustee | 1 | $0 |
Patrick Wilbourn Farmington Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,696 |
| Total Program Service Revenue | $463,416 |
| Investment income | $27,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,066 |
| Net Income from Fundraising Events | $14,220 |
| Net Income from Gaming Activities | $5,147 |
| Net Income from Sales of Inventory | $4,283 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,133 |
| 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. | $172,400 |
| Compensation of current officers, directors, key employees. | $52,410 |
| Compensation to disqualified persons | $108,842 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,711 |
| Payroll taxes | $19,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,794 |
| Fees for services: Other | $31,255 |
| Advertising and promotion | $1,613 |
| Office expenses | $14,484 |
| Information technology | $1,520 |
| Royalties | $0 |
| Occupancy | $236,804 |
| Travel | $616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,068 |
| Insurance | $33,819 |
| All other expenses | $11,822 |
| Total functional expenses | $914,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,986 |
| Savings and temporary cash investments | $0 |
| 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 | $120 |
| Prepaid expenses and deferred charges | $4,186 |
| Net Land, buildings, and equipment | $4,234,916 |
| Investments—publicly traded securities | $1,449,242 |
| Investments—other securities | $27,230 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,015,680 |
| Accounts payable and accrued expenses | $15,923 |
| Grants payable | $0 |
| Deferred revenue | $72,056 |
| 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 | $85,550 |
| Other liabilities | $176,293 |
| Total liabilities | $349,822 |
| Net assets without donor restrictions | $246,209 |
| Net assets with donor restrictions | $5,419,649 |
| 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 | $6,015,680 |