Historic Ithaca INC FY2022 filing

Ithaca, NY · Public charity (501(c)(3)) · Since 1966

✓ Tax-deductible Latest data FY2022
Revenue
$421K
▲ +3% vs prior year
Spent
$425K
To programs
80%
Net assets
$217K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
3 funders, incl. Legacy Foundation of Tompkins County
$8K in the latest grant year.
Spent on programs?
80% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +3% vs prior year
Legal name (IRS)Hdr · item CHistoric Ithaca INC
EINHdr · item D23-7051773
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1970
Year of formationHdr · item L1966
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CIthaca, NY
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.historicithaca.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.17 Fundraising $0.03
Program services80%$341K
Management & general17%$72K
Fundraising3%$12K
Total functional expensesLn 25$425K

Financial health

Revenue & expenses by yearFY2019–FY2025
Revenue
$421K
FY2022▲ +3%
Expenses
$425K
FY2022▲ +5%
Program efficiency
80%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1.0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$357K
FY2022▼ -4%
Total liabilities
$140K
FY2022▼ -8%
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$357K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$95K
Total assetsLn 16$357K
Total liabilitiesLn 26$140K
Total net assetsLn 32$217K
Months of cash on handcomputed2.7

Statement of Revenue

Part VIII
Contributions & grants$266K · 63%
Other revenue$151K · 36%
Program service revenue$4K · 1%
Contributions & grants63%$266K
Other revenue36%$151K
Program service revenue1%$4K
Investment income$90
— government grantsLn 1e$143K
Total revenueLn 12$421K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $95K · Operating expenses (Pt IX) $425K · Less non-cash grants $10K · Cash operating expenses/yr $415K
2.8 months
Where the money goes
Program services
Program services $341K · Total expenses $425K
80%
Management & General
Management & general $72K · Total expenses $425K
17%
Fundraising
Fundraising $12K · Total expenses $425K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $133K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $266K · Total revenue $421K
63%
Government reliance
Government grants $143K · Total revenue $421K
34%
Earned-income share
Program service revenue $4K · Total revenue $421K
0.9%
Investment reliance
Investment income $90 · Total revenue $421K
+0.02%
Program self-sufficiency
Program service revenue $4K · Total expenses $425K
0.9%
Growth & trend
Revenue growth (YoY)
This year $421K · Prior year $410K
+3%
Net-asset trend (YoY)
End of year $217K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $421K · Expenses $425K
-1.0%
Liabilities-to-Assets
Total liabilities — · Total assets $357K
—
Net-asset ratio
Net assets $217K · Total assets $357K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $357K
0%
People & payroll
Highest Reported Total Compensation
Individual Susan Holland · Reported title Executive Director · Highest reported compensation $66K · Total expenses $425K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $321K · Total expenses $425K
76%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 17%——
Fundraising cost ratio 4%——
Revenue growth 3%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$66,000Pt VII · Sec A
President of the Board
$0Pt VII · Sec A
Vice President of the Board
$0Pt VII · Sec A
Treasurer of the Board
$0Pt VII · Sec A
Secretary of the Board
$0Pt VII · Sec A
Member 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Susan Holland—$72,544$65,998$66,000$62,500$62,760
Zachary Lifton$43,645—————

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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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 15a—
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Preserves and enhances historic buildings and neighborhoods through education, advocacy, and action.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $356K of program spending, described in the organization's own filed words · FY2022.
01

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.

$131Kprogram expense
02

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.

$117Kprogram expense
03

Preservation Services and Community Engagement

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

$108Kprogram expense

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Funders

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

Grants

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

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $354K$393K-13% 990 PDF
FY2024 $405K$521K-46% 990 PDF
FY2023 $743K$479K+77% 990 PDF
FY2022 Viewing $421K$425K+3% 990 PDF
FY2021 $410K$407K-5% 990 PDF
FY2020 $429K$381K+5% 990 PDF
FY2019 $409K$408K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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