Historic Ithaca INC EIN 23-7051773

Historic Ithaca INC

EIN  23-7051773 Public charity (501(c)(3)) Ithaca, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Preserves and enhances historic buildings and neighborhoods through education, advocacy, and action.
Leadership
Susan Holland · Executive Director · $73K
Money in and out
$405K revenue, $521K expenses
Bottom line
81% program efficiency

Preserves and enhances historic buildings and neighborhoods through education, advocacy, and action. For fiscal year 2024 it reported $405K in revenue, $521K in expenses, and $366K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$521K
Pt IX · Ln 25
Net assets
$366K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$116K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program efficiency
81%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
-29%
revenue over expenses, this year▼ -180% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$405K
FY2024▼ -46%
Expenses
$521K
FY2024▲ +9%
Total assets
$557K
FY2024▼ -20%
Total liabilities
$191K
FY2024▼ -9%
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$521K
Pt IX · Ln 25
Net assets
$366K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$116K
Total assetsPt X · Ln 16$557K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $421K of program spending, described in the organization's own filed words · FY2024.
01

Work preserve provides job readiness training to youth and adults with barriers to employment. Participants build critical transferrable job skills by taking part in significant elements retail operations.

$215Kprogram expense
02

Preservation Services and Community Engagement

The organization offers professional expertise, technical support and resources about Historic Preservation. It serves as an advocate for the citdy and counties building environment, develoops public awareness and appreciation for the built environment through educational programs.

$109Kprogram expense
03

Significant Elements Architectural Salvage Store

Sells donated, recycled and historic building materials and home furnishings, diverting materials from the waste stream. It promotes proper care and maintenance of historic building fabric and serves as a venue for the Work Preserve program.

$97Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHistoric Ithaca INC
EINHdr · item D23-7051773
Principal addressHdr · item CIthaca, NY
WebsiteHdr · item Jwww.historicithaca.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1970

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$72,544Pt 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
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Holland$72,544$65,998$66,000$62,500$62,760

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$291K · 72%
Other revenue$112K · 28%
Contributions & grants72%$291K
Other revenue28%$112K
Program service revenue$265
Investment income$1K
— government grantsLn 1e$113K
Total revenueLn 12$405K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$421K
Management & general12%$62K
Fundraising7%$37K
Total functional expensesLn 25$521K

Balance Sheet

Part X · end of year
CashLn 1$173K
Total assetsLn 16$557K
Total liabilitiesLn 26$191K
Total net assetsLn 32$366K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $173K · Operating expenses/yr $521K
4.0 months
Where the money goes
Program services
Program services $421K · Total expenses $521K
81%
Management & General
Management & general $62K · Total expenses $521K
12%
Fundraising
Fundraising $37K · Total expenses $521K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $238K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $291K · Total revenue $405K
72%
Government reliance
Government grants $113K · Total revenue $405K
28%
Earned-income share
Program service revenue $265 · Total revenue $405K
0%
Investment reliance
Investment income $1K · Total revenue $405K
0%
Program self-sufficiency
Program service revenue $265 · Total expenses $521K
0%
Growth & trend
Revenue growth (YoY)
This year $405K · Prior year $743K
-46%
Revenue CAGR
FY2019 $409K · FY2024 $405K
0%
Net-asset trend (YoY)
End of year $366K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $405K · Expenses $521K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $557K
Net-asset ratio
Net assets $366K · Total assets $557K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $104 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $557K
0%
People & payroll
Highest Reported Total Compensation
Individual Susan Holland · Reported title Executive Director · Highest reported compensation $73K · Total expenses $521K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $393K · Total expenses $521K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 12%
Fundraising cost ratio 13%
Revenue growth -46%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$8K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$405K revenue · viewing · ⤓ 990 PDF
FY2023$743K revenue · ⤓ 990 PDF
FY2022$421K revenue · ⤓ 990 PDF
FY2021$410K revenue · ⤓ 990 PDF
FY2020$429K revenue · ⤓ 990 PDF
FY2019$409K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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