H C S V Foundation FY2020 filing

Tax-deductible

Cape May, NJ501(c)(3)Arts & CultureEIN 22-3204964Revenue $625K in FY2020

On file with the IRShcsv.org720 State Hwy No 9, 08204-0000 · Cape May, NJTax-exempt since Jul 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Operate and preserve living history museum

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $8K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$184K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$625K
Spent
$696K
To programs
68%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$625K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$625K
FY2021$1.1M
FY2022$900K
FY2023$910K
FY2024$823K
Expenses
$696K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$696K
FY2021$736K
FY2022$883K
FY2023$1.0M
FY2024$1.1M
Net assets
$3.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$4.1M
FY2022$4.0M
FY2023$3.9M
FY2024$3.7M

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $473K Management & general 30% · $207K Fundraising 2% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Operate and preserve a living history museum.

Questions for H C S V Foundation

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Provided by the organization

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1 program · $473K · in their own filed words · FY2020
01

Maintain\preserve land and BLDGS knows as cold spring village in southern NJ. Operation of a living history museum with related programs accomodating the general public and a multitude of visitors, school groups, etc

$473Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$625K
Ln 12
Gifts and grantsLn 1h$403K
Other incomeLn 4–11$125K
Fees for servicesLn 2g$56K
Money outPt IX
$696K
Ln 25
Programscol B$473K
Managementcol C$207K
Fundraisingcol D$15K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$3.9M
LiabilitiesLn 26$184K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$403K
Government grantsLn 1e$259K
Noncash giftsLn 1g$60K
Fundraising eventsLn 1c$22K
Fees for servicesLn 2g$56K
Investment incomeLn 3$41K
Other incomeLn 4–11$125K
Gains on assetsLn 7$19K
Total revenueLn 12$625K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$67K
InvestmentsLn 11–13$748K
Land, buildings, equipmentLn 10c$3.1M
Total assetsLn 16$3.9M
LiabilitiesLn 26$184K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 539
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$35K$67K
InvestmentsLn 11–13$822K$748K
Land, buildings, equipmentLn 10c$3.0M$3.1M
Total assetsLn 16$3.9M$3.9M
LiabilitiesLn 26$120K$184K
Net assetsLn 32$3.8M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$266K$231K$26K$10K
Pension plan contributionsLn 8$4K$4K$447
Other employee benefitsLn 9$14K$8K$7K
Payroll taxesLn 10$34K$18K$16K$500
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$307$307
Advertising and promotionLn 12$29K$18K$10K$652
Office expensesLn 13$10K$8K$2K$17
OccupancyLn 16$108K$86K$22K
TravelLn 17$776$698$78
Depreciation, depletion and amortizationLn 22$44K$19K$25K
InsuranceLn 23$67K$41K$25K
Other expenses (24a–d)Ln 24$54K$19K$35K
All other expensesLn 24e$45K$21K$21K$4K
Total functional expensesLn 25$696K$473K$207K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $823K$1.1M−$227K$3.7M 990 PDF
FY2023 $910K$1.0M−$136K$3.9M 990 PDF
FY2022 $900K$883K$17K$4.0M 990 PDF
FY2021 $1.1M$736K$378K$4.1M 990 PDF
FY2020 Viewing $625K$696K−$71K$3.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $624,809 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $387,413$403,200
I-9 Program service revenuePrior year $157,725$55,981
I-10 Investment incomePrior year $9,229$40,927
I-11 Other revenuePrior year $121,042$124,701
I-12 Total revenuePrior year $675,409$624,809
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $395,388$319,010
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $417,636$376,495
I-18 Total expensesPrior year $813,024$695,505
I-19 Revenue less expensesPrior year −$137,615−$70,696
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $624,809 across 11 lines filed
Lines not itemized here account for $109,893 of total revenue; see the IRS return.
VIII-1c Fundraising events$22,184
VIII-1e Government grants$258,937
VIII-1f All other contributions, gifts and grants$122,079
VIII-1g Noncash contributions (included above)$60,000
VIII-1h Total contributions, gifts and grants$403,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,981$55,981
VIII-3 Investment incomeExcluded from tax $21,595$21,595
VIII-6 Net rental income or lossRelated to mission $11,333$11,333
VIII-7 Net gain or loss on sales of assetsRelated to mission $19,332$19,332
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $3,475$3,475
VIII-12 Total revenueRelated to mission $86,646 · Unrelated business $113,368 · Excluded from tax $21,595$624,809
Part IX · Statement of functional expenses $695,505 across 15 lines filed
IX-7 Other salaries and wagesPrograms $230,649 · Management $25,628 · Fundraising $10,000$266,277
IX-8 Pension plan contributionsPrograms $4,023 · Management $447$4,470
IX-9 Other employee benefitsPrograms $7,744 · Management $6,541$14,285
IX-10 Payroll taxesPrograms $17,897 · Management $15,581 · Fundraising $500$33,978
IX-11c Accounting feesManagement $12,431$12,431
IX-11f Investment management feesManagement $5,370$5,370
IX-11g Other fees for servicesManagement $307$307
IX-12 Advertising and promotionPrograms $18,328 · Management $10,192 · Fundraising $652$29,172
IX-13 Office expensesPrograms $8,080 · Management $2,146 · Fundraising $17$10,243
IX-16 OccupancyPrograms $85,622 · Management $22,214$107,836
IX-17 TravelPrograms $698 · Management $78$776
IX-22 Depreciation, depletion and amortizationPrograms $19,401 · Management $24,751$44,152
IX-23 InsurancePrograms $41,394 · Management $25,262$66,656
IX-24 Other expenses (24a–d)Programs $19,023 · Management $35,121$54,144
IX-24e All other expensesPrograms $20,569 · Management $21,017 · Fundraising $3,822$45,408
IX-25 Total functional expensesPrograms $473,428 · Management $207,086 · Fundraising $14,991$695,505
Part X · Balance sheet $3,926,372 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $24,941$51,664
X-2 Savings and temporary cash investmentsStart of year $10,000$15,471
X-3 Pledges and grants receivableStart of year $21,607$13,128
X-8 Inventories for sale or useStart of year $25,598$23,682
X-9 Prepaid expenses and deferred chargesStart of year $22,143$170
X-10c Land, buildings and equipment, netStart of year $2,961,453$3,074,151
X-11 Publicly traded securitiesStart of year $821,568$748,106
X-16 Total assetsStart of year $3,887,310$3,926,372
X-17 Accounts payable and accrued expensesStart of year $25,445$34,738
X-19 Deferred revenueStart of year $39,196$17,096
X-25 Other liabilitiesStart of year $24,986$17,519
X-26 Total liabilitiesStart of year $119,627$184,398
X-27 Net assets without donor restrictionsStart of year $1,489,759$1,442,628
X-28 Net assets with donor restrictionsStart of year $2,277,924$2,299,346
X-32 Total net assets or fund balancesStart of year $3,767,683$3,741,974
X-33 Total liabilities and net assetsStart of year $3,887,310$3,926,372
Part XI · Reconciliation of net assets $3,741,974 net assets at year end
XI-1 Total revenue$624,809
XI-2 Total expenses$695,505
XI-3 Revenue less expenses−$70,696
XI-4 Net assets at start of year$3,767,683
XI-5 Net unrealized gains (losses) on investments$44,987
XI-10 Net assets at end of year$3,741,974

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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