Overview
What is Historic Homes Foundation?
The Historic Homes Foundation, situated in Louisville, Kentucky at 3110 Lexington Road, is a dedicated nonprofit organization. Its primary mission is to procure, safeguard, and exhibit historic sites. Alongside this, the foundation aims to foster education, culture, and the arts within Kentucky. With a team of eight employees, the Historic Homes Foundation strives to preserve and showcase the rich history and heritage of the area, thereby enriching the community's cultural landscape.
Official website here: www.historichomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (61%)
The Historic Homes Foundation has received a rating of "Needs Improvement" from Charity Navigator, reflecting concerns regarding its governance and financial transparency. While the organization scores well in areas such as board independence and the absence of material asset diversion, it is noted for lacking essential policies such as conflict of interest and whistleblower protections, which could affect accountability.
The foundation demonstrates a reasonable program expense ratio of 63.55%, indicating that a significant portion of its funding is directed towards its programs. Additionally, it maintains a low liabilities-to-assets ratio of 3.82%, showcasing a stable financial position. However, the overall score suggests that there are areas requiring attention to enhance its credibility and operational effectiveness.
In summary, while the Historic Homes Foundation has some strengths in governance structure and financial management, it faces challenges in policy implementation that could impact its overall effectiveness and trustworthiness. Addressing these gaps could improve its standing and help build greater confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Homes Foundation legitimate?
Historic Homes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Homes Foundation 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: $151,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,262
For more financial information, click here
Official website here: www.historichomes.org
What is the mission statement of Historic Homes Foundation?
The Historic Homes Foundation's mission is centered around purchasing, preserving, and showcasing historic sites. This organization also works towards advancing education, culture, and the arts within the state of Kentucky. Their mission is ultimately geared towards enriching the community by promoting historical understanding and artistic appreciation. While the provided information does not specify the methods they use for education and arts promotion, it is clear that the Historic Homes Foundation plays a significant role in preserving historical sites and fostering cultural growth in the area.
Official website here: www.historichomes.org
Who is the CEO of Historic Homes Foundation?
Dean Wilkerson is the Principal Officer of Historic Homes Foundation.
Official website here: www.historichomes.org
What is the revenue of Historic Homes Foundation?
Historic Homes Foundation's revenue in 2022 was $646,897.
Official website here: www.historichomes.org
Who are the executives of Historic Homes Foundation and what are their salaries?
The average compensation at Historic Homes Foundation during 2022 was $32,033. There are 8 employees at Historic Homes Foundation.
Here are 10 key members and their salaries:
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- Compensation: $40,555
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- Other: $76
- Compensation: $42,506
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- Other: $38
- Compensation: $52,615
- Related: $0
- Other: $12,824
Official website here: www.historichomes.org
Where can I find the form 990 for Historic Homes Foundation?
Historic Homes Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.historichomes.org
Learn more at the official website: www.historichomes.org
Mission Statement of Historic Homes Foundation
The Historic Homes Foundation, a notable entity, is devoted to two primary objectives. Firstly, it seeks to acquire and safeguard historic sites, serving as a preservationist for these valuable pieces of the past. Secondly, the organization aims to promote education, culture, and the arts within the state of Kentucky. By pursuing these goals, the Historic Homes Foundation contributes to the preservation and appreciation of history, fostering a deeper understanding and appreciation for the cultural heritage of Kentucky.
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Impact
July, 2024
The Historic Homes Foundation's impact lies in purchasing, preserving, and displaying historic sites in Kentucky while advancing education, culture, and the arts. Through museum operations like Whitehall at 3110 Lexington Road in Louisville, KY, the foundation plays a crucial role in conserving Kentucky's historical heritage and promoting artistic and cultural appreciation. By focusing on these areas, the foundation is contributing to the enrichment of local communities and fostering a deeper understanding of the region's history and artistic achievements.
This information is meant to be a general summary of Historic Homes Foundation. 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: $41,367
- Program Service Revenue: $419,527
- Gross Receipts: $1,048,122
Assets and Liabilities:
- Total Assets: $5,802,662
- Total Liabilities: $221,805
- Net Assets: $5,580,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CARRIAGE HOUSE & RENT
Revenue
$262,922
SPECIAL EVENTS & PROGR
Revenue
$140,984
ADMISSION FEES
Revenue
$15,621
Organization Details
Founding Year
1957
Phone
(502) 899-5079Principal Officer
Dean Wilkerson
Main Address
3110 LEXINGTON ROAD, LOUISVILLE, KY, 40206
Website
www.historichomes.orgNTEE Category
Code: A800 - Arts
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