Historic Ithaca INC FY2024 filing

Tax-deductible

Ithaca, NY501(c)(3)Since 1966EIN 23-7051773

To promote the value and enhancement of our historic buildings and neighborhoods in the city of ithaca and tompkins county through education, advocacy and action.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$73K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 7
years in the black
Pt I · Ln 19 · 7 filings
How much reaches the programs?
81%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$73K
to officers and key staff · 14% of spending
Pt VII · Sec A
Do they have reserves?
4 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
3
named funders · $8K
Funders’ Sch. I, 990-PF
Do they carry debt?
$191K
liabilities
Pt X · Ln 26
Who oversees it?
8
independent of 8 voting board members
Pt VI · Ln 1a–1b
Revenue
$405K
-46% vs prior year
Spent
$521K
To programs
81%
Net assets
$366K
By yearFY2019–FY2025
Revenue
$405K
FY2024▼ -46%
Revenue by fiscal year
FY2019$409K
FY2020$429K
FY2021$410K
FY2022$421K
FY2023$743K
FY2024$405K
FY2025$354K
Expenses
$521K
FY2024▲ +9%
Expenses by fiscal year
FY2019$408K
FY2020$381K
FY2021$407K
FY2022$425K
FY2023$479K
FY2024$521K
FY2025$393K
Net assets
$366K
FY2024▼ -24%
Net assets by fiscal year
FY2019$170K
FY2020$218K
FY2021$221K
FY2022$217K
FY2023$481K
FY2024$366K
FY2025$326K

From the FY2024 Form 990 · see the original

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Status and standing

Is it real, and can you give to it?

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
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

What each dollar paid for.

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

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$557K
FY2024▼ -20%
Total assets by fiscal year
FY2019$262K
FY2020$455K
FY2021$373K
FY2022$357K
FY2023$692K
FY2024$557K
FY2025$495K
Total liabilities
$191K
FY2024▼ -9%
Total liabilities by fiscal year
FY2019$92K
FY2020$237K
FY2021$152K
FY2022$140K
FY2023$211K
FY2024$191K
FY2025$169K
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

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

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

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
0.07%
Investment reliance
Investment income $1K · Total revenue $405K
+0.3%
Program self-sufficiency
Program service revenue $265 · Total expenses $521K
0.05%
Growth & trend
Revenue growth (YoY)
This year $405K · Prior year $743K
-46%
Revenue CAGR
FY2019 $409K · FY2024 $405K
-0.2%
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
0.02%
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.

Leadership and pay

Who runs it, and what are they paid?

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 · 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
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

Provided by the organization

This section is blank until Historic Ithaca INC claims this page.

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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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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 · FY2024
Total grants receivedfrom 3 funders$8K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $354K$393K-13% 990 PDF
FY2024 Viewing $405K$521K-46% 990 PDF
FY2023 $743K$479K+77% 990 PDF
FY2022 $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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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