Historic Ithaca INC EIN 23-7051773 Form 990 (PDF) Claim this org

Historic Ithaca INC FY2021 filing

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Preserves and enhances historic buildings and neighborhoods through education, advocacy, and action. For fiscal year 2021 it reported $410K in revenue, $407K in expenses, and $221K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Ithaca, NY
Website
www.historicithaca.org
Filings
6 on file (2019–2021)
Revenue
$410KFY2021
Expenses
$407K
Net assets
$221K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7051773 Public charity (501(c)(3)) Ithaca, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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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 · $62K
Money in and out
$410K revenue, $407K expenses
Bottom line
83% program efficiency
Where the money goes · FY2021
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$407K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.16 Fundraising $0.01
Program efficiency
83%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$410K
FY2021▼ -5%
Expenses
$407K
FY2021▲ +7%
Total assets
$373K
FY2021▼ -18%
Total liabilities
$152K
FY2021▼ -36%
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$407K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$373K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $334K of program spending, described in the organization's own filed words · FY2021.
01

The Significant Elements Architectural Salvage store; Sells Donated Recycled and Historic Building materials and Home Furnishings diverting materials from the waste stream; Promotes proper care and maintenance of Historic Building fabric; Serves as a venue for the Work Preserve program.

$123Kprogram expense
02

Through its Preservation Services and Community Engagement programs; The organization offers Professional Expertise Technical Support and Resources about Historic Preservation; Serves as as proactive advocate for the city and counties building environment; Develops Public Awareness and Appreciation for the built environment through…

$107Kprogram expense
03

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.

$105Kprogram 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 1a9
Independent voting membersPt VI · Ln 1b9
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
$62,500Pt VII · Sec A
1st Vice President of the Board
$0Pt VII · Sec A
2nd Vice President of the Board
$0Pt VII · Sec A
Secretary of the Board
$0Pt VII · Sec A
Treasurer of the Board
$0Pt VII · Sec A
President of the Board
$0Pt VII · Sec A
Member of the Board
$0Pt VII · Sec A
Member of the Board
$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$235K · 57%
Other revenue$169K · 41%
Program service revenue$6K · 1%
Contributions & grants57%$235K
Other revenue41%$169K
Program service revenue1%$6K
Investment income$35
— government grantsLn 1e$108K
Total revenueLn 12$410K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.16 Fundraising $0.01
Program services83%$339K
Management & general16%$66K
Fundraising1%$2K
Total functional expensesLn 25$407K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$373K
Total liabilitiesLn 26$152K
Total net assetsLn 32$221K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $123K · Operating expenses/yr $407K
3.6 months
Where the money goes
Program services
Program services $339K · Total expenses $407K
83%
Management & General
Management & general $66K · Total expenses $407K
16%
Fundraising
Fundraising $2K · Total expenses $407K
0.6%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $137K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $235K · Total revenue $410K
57%
Government reliance
Government grants $108K · Total revenue $410K
26%
Earned-income share
Program service revenue $6K · Total revenue $410K
1%
Investment reliance
Investment income $35 · Total revenue $410K
<0.01%
Program self-sufficiency
Program service revenue $6K · Total expenses $407K
1%
Growth & trend
Revenue growth (YoY)
This year $410K · Prior year $429K
-5%
Net-asset trend (YoY)
End of year $221K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $410K · Expenses $407K
+0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $373K
Net-asset ratio
Net assets $221K · Total assets $373K
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $373K
0%
People & payroll
Highest Reported Total Compensation
Individual Susan Holland · Reported title Executive Director · Highest reported compensation $62K · Total expenses $407K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $303K · Total expenses $407K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 16%
Fundraising cost ratio 1.0%
Revenue growth -5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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 · ⤓ 990 PDF
FY2023$743K revenue · ⤓ 990 PDF
FY2022$421K revenue · ⤓ 990 PDF
FY2021$410K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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