Save Lucy Committee INC

Tax-deductible

Margate, NJ501(c)(3)EIN 23-7108411Revenue $613K in FY2024

On file with the IRS9200 Atlantic Ave, 08402-2449 · Margate, NJTax-exempt since Jul 1971Publicly supported charity — 170(b)(1)(A)(vi)

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To restore, preserve and maintain Lucy the Elephant as a national historic landmark.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$212K 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
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 surplus $310K a year · 22% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$212K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$445K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$613K
-6% vs prior year
Spent
$728K
To programs
72%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$613K
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$3.5M
FY2022$637K
FY2023$656K
FY2024$613K
Expenses
$728K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$512K
FY2021$975K
FY2022$2.4M
FY2023$788K
FY2024$728K
Net assets
$1.6M
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$3.6M
FY2022$1.9M
FY2023$1.9M
FY2024$1.6M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1971.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $523K Management & general 28% · $205K

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; $212K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$139,500Pt VII · Sec A
Education Di
$72,808Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Richard Helfant$139,500$133,825$130,865$119,200$122,859
Jeremy Bingaman$72,808$70,000$70,131$66,760$51,884

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and maintains Lucy the Elephant as a national historic landmark.

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Provided by the organization

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3 programs · $523K · in their own filed words · FY2024
01

Historic preservation of lucy the margate elephant

$236Kprogram expense
02

Educational tours of lucy the margate elephant

$187Kprogram expense
03

To provide supporting services to the gift shop so that the committee can create awareness of lucy the margate elephant through merchandise sales.

$99Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$613K
Ln 12
Fees for servicesLn 2g$239K
Other incomeLn 4–11$192K
Gifts and grantsLn 1h$98K
Money outPt IX
$728K
Ln 25
Programscol B$523K
Managementcol C$205K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$2.0M
LiabilitiesLn 26$445K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Government grantsLn 1e$70K
Fees for servicesLn 2g$239K
Investment incomeLn 3$85K
Other incomeLn 4–11$192K
Gains on assetsLn 7$25K
Total revenueLn 12$613K
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$16K
Total assetsLn 16$2.0M
LiabilitiesLn 26$445K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 522
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$153K$106K
InvestmentsLn 11–13$1.4M$1.8M
Land, buildings, equipmentLn 10c$10K$16K
Total assetsLn 16$2.4M$2.0M
LiabilitiesLn 26$495K$445K
Net assetsLn 32$1.9M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$266K$175K$90K
Other salaries and wagesLn 7$92K$82K$10K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$40K$31K$9K
Payroll taxesLn 10$19K$9K$10K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$15K$15K
Advertising and promotionLn 12$65K$65K
Office expensesLn 13$6K$590$5K
Information technologyLn 14$4K$1K$3K
OccupancyLn 16$4K$2K$2K
TravelLn 17$6K$3K$3K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$24K$17K$7K
Other expenses (24a–d)Ln 24$150K$134K$16K
Total functional expensesLn 25$728K$523K$205K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $613K$728K−$114K$1.6M 990 PDF
FY2023 $656K$788K−$132K$1.9M 990 PDF
FY2022 $637K$2.4M−$1.8M$1.9M 990 PDF
FY2021 $3.5M$975K$2.6M$3.6M 990 PDF
FY2020 $1.5M$512K$989K$1.0M 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 FY2024 990 (6 parts)
Part I · Summary $613,344 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $124,256$97,504
I-9 Program service revenuePrior year $277,783$239,443
I-10 Investment incomePrior year $25,115$84,707
I-11 Other revenuePrior year $228,580$191,690
I-12 Total revenuePrior year $655,734$613,344
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $387,756$423,055
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $400,309$304,499
I-18 Total expensesPrior year $788,065$727,554
I-19 Revenue less expensesPrior year −$132,331−$114,210
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $613,344 across 10 lines filed
Lines not itemized here account for $133,181 of total revenue; see the IRS return.
VIII-1e Government grants$69,667
VIII-1f All other contributions, gifts and grants$27,837
VIII-1h Total contributions, gifts and grants$97,504
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $239,443$239,443
VIII-3 Investment incomeRelated to mission $60,047$60,047
VIII-6 Net rental income or lossExcluded from tax $25,000$25,000
VIII-7 Net gain or loss on sales of assetsRelated to mission $24,660$24,660
VIII-8 Net income from fundraising events$16,932
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,577$16,577
VIII-12 Total revenueRelated to mission $473,908 · Excluded from tax $25,000$613,344
Part IX · Statement of functional expenses $727,554 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $175,338 · Management $90,326$265,664
IX-7 Other salaries and wagesPrograms $82,478 · Management $9,846$92,324
IX-8 Pension plan contributionsManagement $6,875$6,875
IX-9 Other employee benefitsPrograms $30,667 · Management $8,890$39,557
IX-10 Payroll taxesPrograms $8,938 · Management $9,697$18,635
IX-11c Accounting feesManagement $13,860$13,860
IX-11f Investment management feesManagement $15,268$15,268
IX-12 Advertising and promotionPrograms $64,702$64,702
IX-13 Office expensesPrograms $590 · Management $5,371$5,961
IX-14 Information technologyPrograms $1,493 · Management $2,986$4,479
IX-16 OccupancyPrograms $1,516 · Management $2,274$3,790
IX-17 TravelPrograms $2,820 · Management $3,007$5,827
IX-20 InterestManagement $13,108$13,108
IX-22 Depreciation, depletion and amortizationPrograms $3,336$3,336
IX-23 InsurancePrograms $16,828 · Management $7,023$23,851
IX-24 Other expenses (24a–d)Programs $134,191 · Management $16,126$150,317
IX-25 Total functional expensesPrograms $522,897 · Management $204,657 · Fundraising $0$727,554
Part X · Balance sheet $2,043,687 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $152,795$105,957
X-3 Pledges and grants receivableStart of year $677,882$17,417
X-8 Inventories for sale or useStart of year $107,600$112,514
X-10c Land, buildings and equipment, netStart of year $10,209$16,213
X-11 Publicly traded securitiesStart of year $1,447,213$1,791,586
X-16 Total assetsStart of year $2,395,699$2,043,687
X-17 Accounts payable and accrued expensesStart of year $59,574$29,682
X-25 Other liabilitiesStart of year $435,713$414,982
X-26 Total liabilitiesStart of year $495,287$444,664
X-27 Net assets without donor restrictionsStart of year $1,900,412$1,599,023
X-32 Total net assets or fund balancesStart of year $1,900,412$1,599,023
X-33 Total liabilities and net assetsStart of year $2,395,699$2,043,687
Part XI · Reconciliation of net assets $1,599,023 net assets at year end
XI-1 Total revenue$613,344
XI-2 Total expenses$727,554
XI-3 Revenue less expenses−$114,210
XI-4 Net assets at start of year$1,900,412
XI-5 Net unrealized gains (losses) on investments$76,986
XI-8 Prior period adjustments−$264,165
XI-10 Net assets at end of year$1,599,023

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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