Memphis Chapter For Preservation Of Tennessee Antiquities
- Assets
- $7.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 70
- Location
- Nashville, TN
- Founding
- 12/1952
- Data as of
- 06/2021
- EIN
- 62-0604627
Organization Overview
Memphis Chapter For Preservation Of Tennessee Antiquities is located in Nashville, TN. The organization was established in 1952. 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 06/2021, Memphis Chapter For Preservation Of Tennessee Antiquities employed 70 individuals. This organization is the central organization for a national or regional group of organizations. Memphis Chapter For Preservation Of Tennessee 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 06/2021, Memphis Chapter For Preservation Of Tennessee Antiquities generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION FOR THE PRESERVATION OF TENNESSEE ANTIQUITIES (APTA) PROMOTES AND ENCOURAGES ACTIVE PARTICIPATION IN THE PRESERVATION OF TENNESSEE'S RICH HISTORICAL, CULTURAL, ARCHITECTURAL AND ARCHAEOLOGICAL HERITAGE THROUGH RESTORATION, EDUCATION, ADVOCACY AND STATEWIDE COOPERATION.
Describe the Organization's Program Activity:
ADMISSIONS AND ACCESS TO 9 HISTORICAL HOMES AND SITES FOR APPROXIMATELY 50,000 VISTORS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C William Mckee Edd Buchanan Log House Chapter | Officer | 10 | $0 |
Gregory D Shanks Vice President | Officer | 0 | $0 |
Ken Porter CPA Treasurer | Officer | 0 | $0 |
Luvenia Harrison Secretary | Officer | 0 | $0 |
Adam Southern Maury Co Chapter President | Officer | 5 | $0 |
Dr Richard J Blackett Nashville Chapter Presiden | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Home Improvement Improvements | 6/29/20 | $132,181 |
Miller Renovations Renovations | 6/29/20 | $562,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,430,007 |
| Investment income | $114,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $505,470 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,032 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $213,750 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,193,595 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,176,031 |
| Pension plan accruals and contributions | $300,162 |
| Other employee benefits | $0 |
| Payroll taxes | $102,218 |
| Fees for services: Management | $18,758 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $118,175 |
| Office expenses | $7,403 |
| Information technology | $10,482 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,663 |
| Interest | $8,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $405,458 |
| Insurance | $65,799 |
| All other expenses | $0 |
| Total functional expenses | $3,075,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $917,163 |
| Savings and temporary cash investments | $296,692 |
| 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 | $87,447 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,671,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,325 |
| Other assets | $137,449 |
| Total assets | $7,377,257 |
| Accounts payable and accrued expenses | $0 |
| 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 | $636,137 |
| Total liabilities | $636,137 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,741,120 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memphis Chapter For Preservation Of Tennessee Antiquities has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Arts And Culture Alliance Of Greater Knoxville Knoxville, TN PURPOSE: TO SUPPORT ARTS IN THE COMMUNITY | $15,000 |
Endowment Analysis
| Beg. Balance | $546,273 |
| Earnings | $164,072 |
| Admin Expense | $2,868 |
| Net Contributions | $20,000 |
| Other Expense | $53,228 |
| Ending Balance | $674,249 |
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 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
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 |
Birmingham Landmarks Inc Birmingham, AL | $19,773,714 | $5,790,152 |
Alabama Historic Ironworks Commission Mccalla, AL | $4,360,177 | $2,386,256 |