Teslow Preservation Group
- Assets
- $57.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Livington, MT
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-1519974
Organization Overview
Teslow Preservation Group is located in Livington, MT. The organization was established in 2016. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Teslow Preservation Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND REPURPOSEMENT OF HISTORIC GRAIN ELEVATOR IN LIVINGSTON MT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, THE BUILDING WAS ADDED TO THE NATIONALREGISTER OF HISTORIC PLACES. IN 2021 THE ORGANIZATION ENTERED INTO FORMAL NEGOTIATIONS WITH A MISSION- MINDED INTERESTED DEVELOPER FOR THE HISTORIC BUILDING. LEGAL COUNSEL WAS CONSULTED TO EXPLORE POSSIBLE STRUCTURE FOR THE SALE/AGREEMENT IN ORDER TO ENSURE THE INTEGRITY OF THE STRUCTURE IN PERPETUITY. IN 2022, THE ORGANIZATION ENTERED INTO A SALES AGREEMENT WITH A NONPROFIT DEVELOPER TO TRANSFER THE BUILDING. THIS SALE IS DEPENDENT ON SEVERAL CONTINGENCIES, HENCE THE SALES DEPOSIT (15,000) IS STILL RECORDED AS A LIABILITY. ONCE THE REQUIREMENTS ARE MET, THE ORGANIZATION WILL RECORD THE SALE OF THE BUILDING. THE DEVELOPER HAS THREE YEARS TO MEET THE REQUIREMENTS OF THE SALE, WHICH INCLUDE A COMMITMENT TO EFFECTIVELY REPURPOSE THE BUILDING AND COMPLETE THE RENOVATION AND ULTIMATELY TO PRESERVE AND DEVELOP THE PROPERTY. IN THE EVENT THE BUYER FAILS TO MEET THE REQUIREMENTS, THE BUILDING WILL REVERT BACK TO THE ORGANIZATION AND THE 15,000 NEED NOT BE REPAID. IN 2023 THE TESLOW PRESERVATION GROUP MONITORED THE BUYER'S DEVELOPMENTS AND PROGRESS. THIS WAS THE FIRST OF THE THREE-YEAR TERM, DURING WHICH OUR ORGANZATION WILL REMAIN INTACT TO OVERSEE THE FULFILLMENT OF THE AGREEMENT THAT BOTH PRESERVES THE BUILDING THAT IS AT THE HEART OF OUR MISSION AND INTEGRATE IT BACK INTO THE EVERYDAY LIFE OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Birkes Director | Trustee | 2 | $0 |
Tom Blurock Director | Trustee | 2 | $0 |
Seonaid Campbell Vice Preside | Trustee | 2 | $0 |
Lauren Dalzell Director | Trustee | 2 | $0 |
Audrey Hall Executive Di | Trustee | 2 | $0 |
Ron Nemetz Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| 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 | $1,032 |
| 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 | $236 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,026 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,351 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $46,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,045 |
| 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 | $15,000 |
| Total liabilities | $15,000 |
| Net assets without donor restrictions | $42,045 |
| 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 | $57,045 |