Overview
What is Delaware Preservation Fund Inc?
Delaware Preservation Fund Inc is a nonprofit organization situated in Camden Wyoming, Delaware. Their primary focus is preserving the state's architectural heritage. They achieve this by providing low-interest loans, small grants, and financial assistance to owners of historic properties. Additionally, they utilize easements and covenants to ensure the preservation of these properties. The organization also engages in the acquisition of unwanted and threatened historical buildings, aiming to safeguard Delaware's rich built environment. They further enhance their mission by offering related support programs.
Official website here: www.preservationde.org/preservation-fund
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Delaware Preservation Fund Inc has received an overall score of 83%, which translates to a Three-Star rating. This rating is derived entirely from the Accountability & Finance beacon, indicating that the organization demonstrates a strong commitment to financial accountability and transparency. The organization boasts a fully independent board, scoring perfect marks for board independence and size, which enhances its governance credibility.
Strengths of the Delaware Preservation Fund include a solid material asset management record, with no reported diversions of assets. The charity also effectively maintains key policies, such as conflict of interest and document retention, which are essential for responsible governance. However, the absence of a whistleblower policy is a noted limitation that may raise questions about the organization's internal reporting mechanisms.
Financially, the organization maintains an impressive liabilities to assets ratio of 0.00%, indicating that it is not burdened by debt. Additionally, it allocates a significant portion of its budget, approximately 64.29%, towards program expenses. This suggests a focus on its mission-driven work, although there is room for improvement in maximizing program expense ratios further. Overall, Delaware Preservation Fund Inc appears to be a well-managed nonprofit with strengths in governance and financial health, despite the noted areas for enhancement.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Preservation Fund Inc legitimate?
Delaware Preservation Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Preservation Fund 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: $11,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.preservationde.org/preservation-fund
What is the mission statement of Delaware Preservation Fund Inc?
The Delaware Preservation Fund Inc's mission is centered around preserving Delaware's architectural heritage. They achieve this by providing low-interest loans, small grants, and utilizing easements and covenants. Additionally, the organization engages in the acquisition of unwanted or threatened properties and offers related support programs. The primary goal is to preserve the historic built environment of Delaware.
Official website here: www.preservationde.org/preservation-fund
Who is the CEO of Delaware Preservation Fund Inc?
Vince Murphy is the President of Delaware Preservation Fund Inc.
Official website here: www.preservationde.org/preservation-fund
What is the revenue of Delaware Preservation Fund Inc?
Delaware Preservation Fund Inc's revenue in 2022 was $47,573.
Official website here: www.preservationde.org/preservation-fund
Who are the executives of Delaware Preservation Fund Inc and what are their salaries?
There 10 volunteers at Delaware Preservation Fund Inc.
Here are 11 key members and their salaries:
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- Compensation: $11,435
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Official website here: www.preservationde.org/preservation-fund
Where can I find the form 990 for Delaware Preservation Fund Inc?
Delaware Preservation Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preservationde.org/preservation-fund
Learn more at the official website: www.preservationde.org/preservation-fund
Mission Statement of Delaware Preservation Fund Inc
Delaware Preservation Fund Inc, a nonprofit organization, is committed to preserving Delaware's architectural heritage. They achieve this mission through various means, including the provision of low-interest loans, small grants, and the use of easements and covenants. The organization also engages in the acquisition of unwanted or threatened properties and their subsequent donation, purchase, or resale. Additionally, Delaware Preservation Fund Inc supports historical preservation efforts through related programs. In essence, the nonprofit's mission is to preserve the state's historic built environment, offering financial assistance to owners of historic properties and playing an active role in monitoring historical easements.
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Impact
August, 2024
Delaware Preservation Fund Inc plays a crucial role in preserving Delaware's architectural heritage. Through the use of low-interest loans, small grants, easements, and covenants, as well as the donation, purchase, and resale of historic properties, the organization actively works towards safeguarding the historic built environment of Delaware. Its impact is evident in the ongoing support for historical preservation efforts, the monitoring of historical easements, and its mission to ensure the preservation of the state's architectural legacy. Through its financial assistance programs for owners of historic properties and the acquisition of unwanted and threatened properties, Delaware Preservation Fund Inc significantly contributes to the conservation and promotion of Delaware's rich architectural history.
This information is meant to be a general summary of Delaware Preservation Fund 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: $17,573
- Gross Receipts: $47,573
Assets and Liabilities:
- Total Assets: $696,960
- Total Liabilities: $0
- Net Assets: $696,960
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Organization Details
Founding Year
2000
Phone
(302) 832-0300Principal Officer
Vince Murphy
Main Address
PO Box 334, CamdenWyoming, DE, 19934
NTEE Category
Code: T222 - Philanthropy
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