Overview
What is Historic Albany Foundation Inc?
Historic Albany Foundation Inc is a nonprofit organization situated in Albany, New York, specifically at 89 Lexington Avenue, 12206. Their primary mission is to advocate and support the preservation and restoration of historic buildings within the Albany area. To achieve this goal, they organize events and prepare historic plaques, which not only raise funds for their operating costs but also foster research and preservation efforts. Additionally, they operate a warehouse to encourage the re-use of historic building supplies and fixtures. With a dedicated workforce of eight individuals, Historic Albany Foundation Inc is committed to safeguarding the city's historical architectural heritage.
Official website here: www.historic-albany.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star Rating
The Historic Albany Foundation Inc has received a 74% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates notable strengths, including a fully independent board, high scores for financial statement audits, and no material diversion of assets. However, it has room for improvement in its policy transparency, as it is missing a whistleblower policy, document retention policy, and has not posted its tax form on its website.
While the foundation’s program expense ratio stands at 59.66%, which suggests that a substantial portion of its resources is directed towards its programs, the overall rating highlights areas where the organization can enhance its governance practices. The lack of key policies could affect its long-term sustainability and accountability to stakeholders. Addressing these gaps could potentially improve its rating in the future.
Overall, while the Historic Albany Foundation showcases several strong governance practices, the absence of certain critical policies raises concerns about its operational transparency. Engaging with these issues could foster greater trust and support from the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Albany Foundation Inc legitimate?
Historic Albany Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Albany Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,841
For more financial information, click here
Official website here: www.historic-albany.org
What is the mission statement of Historic Albany Foundation Inc?
The Historic Albany Foundation Inc's primary mission is centered around advocating and supporting the preservation and restoration of historic buildings in a specific area. This mission is carried out through various activities, including the preparation of historic plaques and organizing events to raise funds for operational costs. These funds are utilized for furthering research, preservation efforts, and the operation of a warehouse that encourages the re-use of historic building supplies and fixtures. Essentially, the foundation is dedicated to preserving historical architectural heritage, promoting awareness, and fostering the reuse of historic materials.
Official website here: www.historic-albany.org
Who is the CEO of Historic Albany Foundation Inc?
Matt Malette is the Director of Historic Albany Foundation Inc.
Official website here: www.historic-albany.org
What is the revenue of Historic Albany Foundation Inc?
Historic Albany Foundation Inc's revenue in 2022 was $1,120,064.
Official website here: www.historic-albany.org
Who are the executives of Historic Albany Foundation Inc and what are their salaries?
The average compensation at Historic Albany Foundation Inc during 2022 was $25,230. There are 8 employees at Historic Albany Foundation Inc.
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Official website here: www.historic-albany.org
Where can I find the form 990 for Historic Albany Foundation Inc?
Historic Albany Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.historic-albany.org
Learn more at the official website: www.historic-albany.org
Mission Statement of Historic Albany Foundation Inc
Historic Albany Foundation Inc is committed to advocating and supporting the preservation and restoration of historic buildings in various areas. Their primary mission is to promote the conservation of these architectural gems, ensuring they maintain their historical significance for future generations. To achieve this, the foundation organizes events and prepares historic plaques, raising funds to cover operating costs and further investment in research, preservation efforts, and warehouse operations. The warehouse serves as a hub for reusing historic building supplies and fixtures, encouraging sustainable practices in the process. By preserving these historical landmarks, Historic Albany Foundation Inc contributes to the rich cultural heritage of communities, fostering a sense of pride and continuity among its inhabitants.
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Impact
October, 2024
Historic Albany Foundation Inc plays a crucial role in the preservation and restoration of historic buildings in Albany, New York. By advocating for the protection of the area's architectural heritage, the foundation not only raises awareness but also mobilizes community support for the maintenance of these structures. Through initiatives such as the preparation of historic plaques, the foundation honors the stories and significance of local landmarks, fostering a deeper appreciation among residents and visitors alike.
The foundation hosts events aimed at raising funds that directly contribute to its operational costs and research efforts. These events not only support the organization’s mission but also engage the community in heritage-related activities, promoting an understanding of the historical significance of Albany's built environment. Additionally, the foundation encourages the re-use of historic building supplies and fixtures through a dedicated warehouse operation, thus promoting sustainable practices and reducing waste.
Overall, Historic Albany Foundation Inc significantly impacts the local community by preserving its cultural identity, enhancing historical knowledge, and fostering a sense of pride in Albany's rich architectural landscape.
This information is meant to be a general summary of Historic Albany Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$780
- Program Service Revenue: $209,192
- Gross Receipts: $1,187,648
Assets and Liabilities:
- Total Assets: $1,357,678
- Total Liabilities: $91,284
- Net Assets: $1,266,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WAREHOUSE ACTIVITY
Revenue
$169,529
PROGRAMS
Revenue
$39,663
Organization Details
Founding Year
1980
Phone
(518) 465-0876Principal Officer
Matt Malette
Main Address
89 LEXINGTON AVENUE, ALBANY, NY, 12206
Website
www.historic-albany.orgNTEE Category
Code: A82Z - Arts
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