Preservation Chapel Hill

Tax-deductible

Chapel Hill, NC501(c)(3)Since 1972EIN 23-7218278

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Preservation Chapel Hill is dedicated to protecting the character and heritage of the town of Chapel Hill, and the surrounding commuinty, through the Preservation and conservation of its historic buildings and neighborhoods.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 35 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
3 of 6
filings with a surplus
Average surplus $43K a year · 26% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$116K
-71% vs prior year
Spent
$299K
To programs
86%
Net assets
$1.1M
By yearFY2019–FY2024
Revenue
$116K
FY2024▼ -71%
Revenue by fiscal year
FY2019$109K
FY2020$105K
FY2021$94K
FY2022$95K
FY2023$191K
FY2024$397K
FY2024$116K
Expenses
$299K
FY2024▲ +99%
Expenses by fiscal year
FY2019$113K
FY2020$116K
FY2021$84K
FY2022$122K
FY2023$143K
FY2024$151K
FY2024$299K
Net assets
$1.1M
FY2024▼ -11%
Net assets by fiscal year
FY2019$830K
FY2020$817K
FY2021$827K
FY2022$799K
FY2023$847K
FY2024$1.2M
FY2024$1.1M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1973.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $256K Management & general 11% · $33K Fundraising 3% · $10K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt 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
See Preservation Chapel Hill executive salaries →

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Preserves Chapel Hill's character and heritage for future generations.

Provided by the organization

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1 program · $256K · in their own filed words · FY2024
01

Preservation chapel hill's (PCH) approach to achieve its mission is three-fold: preserve, advocate, education. PCH advocates for preservation initiatives by encouraging projects that balance the need for development and growth with the desire to retain our historic resources.

$256Kprogram 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 · FY2022
Total grants receivedfrom 2 funders$14K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$116K
Ln 12
Other incomeLn 4–11$53K
Gifts and grantsLn 1h$51K
Fees for servicesLn 2g$9K
Money outPt IX
$299K
Ln 25
Programscol B$256K
Managementcol C$33K
Fundraisingcol D$10K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Fundraising eventsLn 1c$18K
Fees for servicesLn 2g$9K
Investment incomeLn 3$4K
Other incomeLn 4–11$53K
Gains on assetsLn 7−$11K
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$127K
Cash and savings togetherLn 1–2$129K
InvestmentsLn 11–13$616K
Land, buildings, equipmentLn 10c$264K
Other assetsLn 15$75K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$264K$129K
InvestmentsLn 11–13$566K$616K
Land, buildings, equipmentLn 10c$279K$264K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$3K$3K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$30K$17K$11K$3K
Payroll taxesLn 10$2K$1K$812$232
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$5K$460$691$3K
Advertising and promotionLn 12$3K$329$492$2K
Office expensesLn 13$3K$281$2K$420
OccupancyLn 16$194K$194K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$2K$250$2K
Other expenses (24a–d)Ln 24$29K$27K$2K
Total functional expensesLn 25$299K$256K$33K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $397K$151K$246K$1.2M 990 PDF
FY2023 $191K$143K$48K$847K 990 PDF
FY2022 $95K$122K−$26K$799K 990 PDF
FY2021 $94K$84K$9K$827K 990 PDF
FY2020 $105K$116K−$12K$817K 990 PDF
FY2019 $109K$113K−$4K$830K 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 (4 parts)
Part VIII · Statement of revenue $116,318 across 9 lines filed
Lines not itemized here account for $89 of total revenue; see the IRS return.
VIII-1c Fundraising events$18,008
VIII-1f All other contributions, gifts and grants$32,706
VIII-1h Total contributions, gifts and grants$50,714
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,652$8,652
VIII-3 Investment incomeExcluded from tax $14,611$14,611
VIII-6 Net rental income or lossExcluded from tax $63,910$63,910
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$10,651−$10,651
VIII-8 Net income from fundraising eventsExcluded from tax −$11,007−$11,007
VIII-12 Total revenueRelated to mission $8,741 · Unrelated business $0 · Excluded from tax $56,863$116,318
Part IX · Statement of functional expenses $299,404 across 11 lines filed
IX-7 Other salaries and wagesPrograms $16,685 · Management $10,618 · Fundraising $3,034$30,337
IX-10 Payroll taxesPrograms $1,276 · Management $812 · Fundraising $232$2,320
IX-11c Accounting feesManagement $10,024$10,024
IX-11f Investment management feesManagement $4,601$4,601
IX-11g Other fees for servicesPrograms $460 · Management $691 · Fundraising $3,455$4,606
IX-12 Advertising and promotionPrograms $329 · Management $492 · Fundraising $2,465$3,286
IX-13 Office expensesPrograms $281 · Management $2,102 · Fundraising $420$2,803
IX-16 OccupancyPrograms $194,463$194,463
IX-22 Depreciation, depletion and amortizationPrograms $15,489$15,489
IX-23 InsurancePrograms $250 · Management $2,246$2,496
IX-24 Other expenses (24a–d)Programs $27,160 · Management $1,819$28,979
IX-25 Total functional expensesPrograms $256,393 · Management $33,405 · Fundraising $9,606$299,404
Part X · Balance sheet $1,099,745 assets, 10 lines filed
Asset lines not itemized here account for $15,926; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $57,917$2,119
X-2 Savings and temporary cash investmentsStart of year $205,748$126,901
X-10c Land, buildings and equipment, netStart of year $279,200$263,711
X-12 Other securitiesStart of year $565,610$616,332
X-15 Other assetsStart of year $74,456$74,756
X-16 Total assetsStart of year $1,229,897$1,099,745
X-25 Other liabilitiesStart of year $2,548$3,178
X-26 Total liabilitiesStart of year $2,548$3,178
X-32 Total net assets or fund balancesStart of year $1,227,349$1,096,567
X-33 Total liabilities and net assetsStart of year $1,229,897$1,099,745
Part XI · Reconciliation of net assets $1,096,567 net assets at year end
XI-1 Total revenue$116,318
XI-2 Total expenses$299,404
XI-3 Revenue less expenses−$183,086
XI-4 Net assets at start of year$1,227,349
XI-5 Net unrealized gains (losses) on investments$52,304
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,096,567

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

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