Marianna Historic Trust
- Assets
- $1.2m
- Revenue
- $236.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Marianna, AR
- Founding
- 07/2000
- Data as of
- 06/2024
- EIN
- 71-0838078
Organization Overview
Marianna Historic Trust is located in Marianna, AR. The organization was established in 2000. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marianna Historic Trust 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 06/2024, Marianna Historic Trust generated $236.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $32.9k during the year ending 06/2024. While expenses have increased by 0.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
(A) TO WORK TO SAVE ENDANGERED HISTORIC BUILDINGS IN DOWNTOWN MARIANNA, AR (B) TO WORK TOWARD THE DESIGNATION OF AN HISTORIC AREA OF DOWNTOWN MARIANNA, AR AS AN HISTORIC DISTRICT ON THE NATIONAL REGISTER; (C) TO PRESERVE THE HISTORIC AND ARCHITECTURAL CHARACTER OF MARIANNA, AR THROUGH ACQUISITION AND RESTORATION OF HISTORICALLY OR ARCHITECTURALLY SIGNIFICANT PROPERTIES; (D) TO EDUCATE THE PUBLIC ABOUT THE HISTORY OF MARIANNA AND ABOUT ITS ARCHITECTURAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST CURRENTLY OWNED SEVEN BUILDINGS IN DOWNTOWN MARIANNA, ALL OF WHICH ARE NATIONAL REGISTER PROPERTIES. FIVE OF THE BUILDINGS HAVE BEEN COMPLETELY RESTORED AND WERE OCCUPIED BY RETAIL BUSINESSES; TWO OF THE BUILDINGS WERE SOLD IN 2019. THE RENOVATIONS HAVE NOT ONLY RESTORED HISTORIC PROPERTIES, BUT HAVE ALSO POSITIVELY AFFECTED THE ECONOMIC REVITALIZATION OF OUR DOWNTOWN HISTORIC DISTRICT BY CREATING JOBS AND TRAFFIC IN DOWNTOWN MARIANNA. EXPENDITURES DURING THE YEAR WERE THOSE NECESSARY TO INSURE AND MAINTAIN THESE BUILDINGS, INCLUDING DEPRECIATION. PREVIOUSLY, THE TRUST ALSO ISSUED A CHALLENGE TO THE COMMUNITY FOR DONATIONS TO SET UP AN ENDOWMENT FUND FOR THE MAINTENANCE OF THE COMMUNITY HOUSE, WHICH IS A NATIONAL REGISTER PROPERTY OWNED BY THE CITY OF MARIANNA. THE CITY LACKS THE FUNDS TO PROPERLY MAINTAIN THIS HISTORIC PROPERTY, WHICH IS USED BY THE ENTIRE COMMUNITY AS A MEETING/PARTY FACILITY. THE FUND HAS REACHED AN ENDOWMENT LEVEL OF 12,000, WITH 7,000 COMING FROM THE PUBLIC AND 5,000 COMING FROM A MATCHING CONTRIBUTION FROM THE MARIANNA HISTORIC TRUST.
THE TRUST ALSO MAINTAINS THE HISTORICAL CITY PARK OF MARIANNA AND PROMOTES THE BEAUTIFICATION OF THE HISTORIAL DOWNTON PORTION OF MARIANNA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Apple Secretary-Tr | OfficerTrustee | $0 | |
Steve Higginbothom Vice Preside | OfficerTrustee | $0 | |
Rebecca Hogan President | OfficerTrustee | $0 | |
Lucy Smith Board Member | Trustee | $0 | |
Joella Turner Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,891 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,000 |
| Noncash contributions included in lines 1a–1f | $225,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,891 |
| Total Program Service Revenue | $4,820 |
| Investment income | $4,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,340 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,264 |
| Travel | $0 |
| 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 | $22,584 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $32,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $241,532 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $956,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,197,607 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,197,607 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,197,607 |