Historic Locust Grove Inc
- Assets
- $9.8m
- Revenue
- $973.9k
- Investments
- $0.0
- Employees
- 21
- Location
- Louisville, KY
- Founding
- 06/2001
- Data as of
- 06/2022
- EIN
- 61-1390403
Organization Overview
Historic Locust Grove Inc is located in Louisville, KY. 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 06/2022, Historic Locust Grove Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Locust Grove 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, Historic Locust Grove Inc generated $973.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $707.2k during the year ending 06/2022. While expenses have increased by 1.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE, RESTORE AND OPERATE LOCUST GROVE, A NATIONAL HISTORIC LANDMARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM HOME OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Dieruf 1st Vice President | OfficerTrustee | 0 | $0 |
Jill Cooper 2nd Vice President | OfficerTrustee | 0 | $0 |
Ed James Member At Large | Trustee | 0 | $0 |
Janet Muller Member At Large | Trustee | 0 | $0 |
Chris Chappell President | OfficerTrustee | 0 | $0 |
Carol Ely Executive Director | Trustee | 40 | $75,965 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,290 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $167,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $443,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,613 |
| Total Program Service Revenue | $85,619 |
| Investment income | $74,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,660 |
| Net Gain/Loss on Asset Sales | $16,185 |
| Net Income from Fundraising Events | $137,684 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,003 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $973,903 |
| 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 | $333,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,455 |
| Payroll taxes | $26,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,689 |
| Office expenses | $19,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,939 |
| Travel | $259 |
| 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 | $64,104 |
| Insurance | $15,022 |
| All other expenses | $0 |
| Total functional expenses | $707,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,162,074 |
| Savings and temporary cash investments | $72,517 |
| 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 | $25,246 |
| Prepaid expenses and deferred charges | $9,407 |
| Net Land, buildings, and equipment | $4,109,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,036,377 |
| Intangible assets | $0 |
| Other assets | $393,029 |
| Total assets | $9,808,619 |
| Accounts payable and accrued expenses | $1,524,992 |
| Grants payable | $0 |
| Deferred revenue | $34,935 |
| 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 | $1,559,927 |
| Net assets without donor restrictions | $1,797,591 |
| Net assets with donor restrictions | $6,451,101 |
| 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 | $9,808,619 |