Overview
What is Heritage Association Of Rogersville Inc?
Heritage Association of Rogersville Inc is a nonprofit organization situated in Rogersville, Tennessee, specifically at 415 S Depot St. Their primary mission is centered around preserving and restoring local historical sites. With the assistance of the town of Rogersville and the State of Tennessee, they successfully purchased and restored the Historic Hale Springs Inn. The association's workforce consists of 50 dedicated individuals. Their efforts contribute to the historical heritage and cultural significance of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Star rating)
The Heritage Association of Rogersville Inc has received a low score of 52%, indicating concerns regarding its overall accountability and financial health. While it has excelled in governance with 100% independent board members and no material diversion of assets, it struggles significantly in financial transparency and disclosures, which are essential for donor trust.
Significantly, the organization scored poorly in areas such as financial statement reviews, missing conflict of interest and whistleblower policies, and lacking website disclosures for tax forms. These shortcomings suggest a need for improved governance practices to enhance accountability to its stakeholders.
Despite these issues, the organization maintains a strong program expense ratio of 93.58%, indicating that a large portion of its expenses is directed towards its programs rather than administrative costs. However, the high liabilities to assets ratio of 77.53% raises concerns about financial stability, highlighting the necessity for better financial management practices moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Association Of Rogersville Inc legitimate?
Heritage Association Of Rogersville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Association Of Rogersville 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: $39,396
Professional Fundraising Fees: $0
Other Salaries and Wages: $374,240
For more financial information, click here
What is the mission statement of Heritage Association Of Rogersville Inc?
The Heritage Association of Rogersville Inc is dedicated to preserving and restoring local historical sites. This is evident in their mission to restore the Historic Hale Springs Inn, a significant historical site. They have successfully accomplished this task with the support of the Town of Rogersville and the State of Tennessee. The organization's primary goal is to safeguard and revitalize historical sites, ensuring they continue to tell the stories of the past. This preservation work not only maintains historical integrity but also provides a valuable educational resource for future generations.
Who is the CEO of Heritage Association Of Rogersville Inc?
Elizabeth R Smith is the President of Heritage Association Of Rogersville Inc.
What is the revenue of Heritage Association Of Rogersville Inc?
Heritage Association Of Rogersville Inc's revenue in 2022 was $1,267,742.
Who are the executives of Heritage Association Of Rogersville Inc and what are their salaries?
The average compensation at Heritage Association Of Rogersville Inc during 2022 was $8,273. There are 50 employees and 30 volunteers at Heritage Association Of Rogersville Inc.
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- Compensation: $39,396
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Where can I find the form 990 for Heritage Association Of Rogersville Inc?
Heritage Association Of Rogersville Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Heritage Association Of Rogersville Inc
The Heritage Association of Rogersville Inc is dedicated to preserving and restoring a significant local historical site. Their primary mission is centered around the revival and maintenance of this historical landmark. Notably, they played a crucial role in the purchase and refurbishment of the Historic Hale Springs Inn, a notable establishment in their conservation efforts. This project was made possible through collaborations with the Town of Rogersville and the State of Tennessee. The Heritage Association of Rogersville Inc's commitment to preserving historical sites contributes to the rich cultural heritage and understanding of the past, ensuring that future generations can appreciate the significance of such landmarks.
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Impact
July, 2024
The Heritage Association Of Rogersville Inc, through its preservation and restoration efforts, has had a significant impact on the local historical site of Historic Hale Springs Inn. This historic inn, purchased and restored with the assistance of the town of Rogersville and the state of Tennessee, stands as a testament to the Association's commitment to safeguarding the cultural heritage of the community. By focusing on the preservation and restoration of this local historical site, the Heritage Association Of Rogersville Inc has contributed to the enrichment and retention of the town's historical identity.
This information is meant to be a general summary of Heritage Association Of Rogersville 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: $108
- Program Service Revenue: $1,184,401
- Gross Receipts: $1,267,742
Assets and Liabilities:
- Total Assets: $812,489
- Total Liabilities: $629,930
- Net Assets: $182,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTAURANT
Revenue
$821,465
LODGING
Revenue
$246,748
HERITAGE DAYS
Revenue
$112,257
MERCHANDISE SALES
Revenue
$3,931
Organization Details
Founding Year
1980
Phone
(423) 272-1961Principal Officer
Elizabeth R Smith
Main Address
415 S DEPOT ST, ROGERSVILLE, TN, 37857
NTEE Category
Code: A80 - Arts
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