Overview
What is Historic Locust Grove Inc?
Historic Locust Grove Inc is a respected nonprofit organization situated in Louisville, Kentucky. Their primary mission is the preservation and restoration of Locust Grove, a significant National Historic Landmark. This involves operating the property as a museum, providing visitors with a glimpse into the past. The organization's activities are centered around maintaining and showcasing the historical site, ensuring its continued relevance and educational value for the community.
Official website here: www.locustgrove.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
Historic Locust Grove Inc has achieved a solid Three-Star rating, reflecting a score of 77% based entirely on its Accountability & Finance metrics. This indicates that the organization meets several key standards for financial transparency and governance, which are crucial for donor trust and effective operations.
The nonprofit demonstrates strong governance with a board composed entirely of independent members, scoring 100% on this metric. Additionally, there are no incidents of material diversion of assets, and the organization maintains comprehensive policies for conflict of interest and whistleblowing, which contribute positively to its accountability framework.
However, while the program expense ratio is fairly strong at 66.48%, indicating that a significant portion of its expenses is directed toward programs rather than overhead, there is still room for improvement in this area as it scored slightly lower on this specific metric. Overall, while Historic Locust Grove Inc shows commendable financial practices, continued efforts toward enhancing its program expense efficiency could further elevate its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Locust Grove Inc legitimate?
Historic Locust Grove Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Locust Grove 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: $419,901
For more financial information, click here
Official website here: www.locustgrove.org
What is the mission statement of Historic Locust Grove Inc?
Historic Locust Grove Inc's mission is centered around preserving, restoring, and operating a significant historical site. This National Historic Landmark serves as the focus of their activities. Their primary goal is to maintain and revitalize the landmark, ensuring its continued existence and accessibility for future generations. They achieve this through their museum home operations. The organization's work contributes to the preservation of historical heritage, offering a glimpse into the past through their programs.
Official website here: www.locustgrove.org
What is the revenue of Historic Locust Grove Inc?
Historic Locust Grove Inc's revenue in 2023 was $871,748.
Official website here: www.locustgrove.org
Who are the executives of Historic Locust Grove Inc and what are their salaries?
The average compensation at Historic Locust Grove Inc during 2023 was $20,995. There are 20 employees at Historic Locust Grove Inc.
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- Compensation: $78,207
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Official website here: www.locustgrove.org
Where can I find the form 990 for Historic Locust Grove Inc?
Historic Locust Grove Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.locustgrove.org
Learn more at the official website: www.locustgrove.org
Mission Statement of Historic Locust Grove Inc
Historic Locust Grove Inc, as a dedicated nonprofit organization, is committed to preserving, restoring, and operating Locust Grove as a National Historic Landmark. This mission involves meticulously maintaining and enhancing the historical significance of this landmark, ensuring its continued relevance and importance for future generations. The organization operates various programs, one of which includes managing the museum home operations in Louisville, Kentucky. By preserving and showcasing Locust Grove, Historic Locust Grove Inc contributes to the understanding and appreciation of America's historical heritage, playing a crucial role in the preservation of our nation's past.
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Impact
July, 2024
Historic Locust Grove Inc's impact lies in its dedication to preserving, restoring, and operating Locust Grove as a National Historic Landmark in Louisville, KY. By undertaking these activities, Historic Locust Grove ensures that this important historical site is maintained for future generations to appreciate and learn from. The organization's programs, such as museum home operations, provide educational and cultural opportunities for visitors, enhancing their understanding of the region's history and heritage. Through its efforts, Historic Locust Grove contributes to the enrichment of the arts and historical preservation in the community.
This information is meant to be a general summary of Historic Locust Grove 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: $82,585
- Program Service Revenue: $56,274
- Gross Receipts: $2,735,097
Assets and Liabilities:
- Total Assets: $9,808,619
- Total Liabilities: $1,559,927
- Net Assets: $8,248,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$30,038
Program Revenues
Revenue
$26,236
Organization Details
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