Overview
What is The Palmetto Trust For Historic Preservation Inc?
The Palmetto Trust for Historic Preservation Inc, located in Camden, South Carolina, is a nonprofit organization dedicated to preserving and protecting architecturally and historically significant buildings in the state. They identify structures in danger of destruction due to neglect or deliberate demolition, intervene by purchasing or accepting them as tax-deductible donations, and then repair and sell them to new owners who commit to maintaining and safeguarding them according to US Secretary of Interior standards. To facilitate these efforts, an Endangered Properties Revolving Fund is maintained. This fund is used to purchase properties and make initial repairs when necessary. The proceeds from the sale of these properties are then returned to the fund for future use. The organization's mission is to preserve these buildings for historical and educational purposes, contributing to the rich cultural heritage of South Carolina.
Official website here: www.preservesc.org
Is The Palmetto Trust For Historic Preservation Inc legitimate?
The Palmetto Trust For Historic Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Palmetto Trust For Historic Preservation 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: $52,500
For more financial information, click here
Official website here: www.preservesc.org
What is the mission statement of The Palmetto Trust For Historic Preservation Inc?
The Palmetto Trust for Historic Preservation's mission is centered around safeguarding and maintaining buildings of historical and architectural importance in South Carolina. The organization strives to preserve these structures for educational and historical purposes, intervening when necessary to prevent destruction due to neglect or deliberate demolition. This is achieved through purchasing or accepting donated properties under tax-deductible agreements, restoring them to halt decay, and ultimately selling them to buyers committed to preserving and protecting the properties perpetually, adhering to the standards set by the United States Secretary of the Interior. When required, an Endangered Properties Revolving Fund is utilized to procure properties and cover initial repair costs. Upon the sale of these properties, the proceeds are returned to the fund for future use.
Official website here: www.preservesc.org
What is the revenue of The Palmetto Trust For Historic Preservation Inc?
The Palmetto Trust For Historic Preservation Inc's revenue in 2023 was $183,716.
Official website here: www.preservesc.org
Who are the executives of The Palmetto Trust For Historic Preservation Inc and what are their salaries?
The average compensation at The Palmetto Trust For Historic Preservation Inc during 2023 was $17,500. There are 3 employees and 10 volunteers at The Palmetto Trust For Historic Preservation Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.preservesc.org
Where can I find the form 990 for The Palmetto Trust For Historic Preservation Inc?
The Palmetto Trust For Historic Preservation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.preservesc.org
Learn more at the official website: www.preservesc.org
Mission Statement of The Palmetto Trust For Historic Preservation Inc
The Palmetto Trust for Historic Preservation is dedicated to safeguarding and preserving architecturally and historically significant buildings in South Carolina. Their mission is twofold: firstly, they aim to identify and protect buildings that are at risk of being destroyed due to neglect or deliberate demolition. To achieve this, the organization either purchases or accepts these properties as tax-deductible donations. Once they acquire the property, they address any current decay, ensuring its preservation.
Secondly, The Palmetto Trust for Historic Preservation sells the restored property to a buyer who commits to maintaining and protecting it in perpetuity, in accordance with the United States Secretary of Interior's standards. To facilitate this process, the nonprofit maintains an Endangered Properties Revolving Fund. This fund is utilized to purchase properties in need of preservation and to cover initial repair costs. When the property is eventually sold, the proceeds are returned to the Endangered Properties Revolving Fund, making it available for future preservation efforts.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Palmetto Trust for Historic Preservation Inc. plays a crucial role in safeguarding and revitalizing South Carolina's architectural and historical heritage. By focusing on buildings of significant cultural value, the organization intervenes in cases where these structures are threatened by neglect or demolition. Their proactive approach includes purchasing or accepting donations of endangered properties, performing essential repairs to halt decay, and finding responsible buyers committed to maintaining the integrity of these sites.
Through the establishment of an Endangered Properties Revolving Fund, the organization ensures that resources are available for both acquisition and restoration efforts. This not only preserves the physical structures but also retains their historical and educational relevance for future generations. By adhering to standards set by the U.S. Secretary of the Interior, they guarantee that renovations honor the historical significance of the buildings.
The impact of The Palmetto Trust is multi-faceted: it protects cultural heritage, enhances community identity, and fosters public awareness about the importance of preserving architectural history. In doing so, it contributes to the educational mission of keeping South Carolina’s rich history alive and accessible, ultimately enriching the cultural fabric of the region.
This information is meant to be a general summary of The Palmetto Trust For Historic Preservation 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 2023.
- Investment Income: $3,090
- Program Service Revenue: $19,293
- Gross Receipts: $183,716
Assets and Liabilities:
- Total Assets: $707,204
- Total Liabilities: $72,432
- Net Assets: $634,772
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF PRESERVATION PROPERTY
Revenue
$9,000
EASEMENT MONITORING
Revenue
$5,387
SALES OF SACRED SPACES
Revenue
$4,906
Organization Details
Founding Year
1990
Principal Officer
William Comer
Website
www.preservesc.orgNTEE Category
Code: A800 - Arts
If you are a representative of The Palmetto Trust For Historic Preservation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.