Heritage Preservation INC

Tax-deductible

River Heights, UT501(c)(3)Community DevelopmentEIN 47-2744835

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Preserving historical structures

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
5 of 5
filings with a surplus
Average surplus $1.2M a year · 93% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$872K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$793K
+35% vs prior year
Spent
$167K
To programs
100%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$793K
FY2024▲ +35%
Revenue by fiscal year
FY2020$588K
FY2021$2.2M
FY2022$2.4M
FY2023$586K
FY2024$793K
Expenses
$167K
FY2024▲ +52%
Expenses by fiscal year
FY2020$50K
FY2021$24K
FY2022$106K
FY2023$110K
FY2024$167K
Net assets
$6.1M
FY2024▲ +11%
Net assets by fiscal year
FY2020$538K
FY2021$2.7M
FY2022$5.0M
FY2023$5.5M
FY2024$6.1M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $167K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Heritage Preservation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserving historical structures for future generations.

Provided by the organization

This section is blank until Heritage Preservation INC claims this page.

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1 program service account for $167K of program spending, described in the organization's own filed words · FY2024.
01

Construction and preserving of historical structures

$167Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$793K
Ln 12
Gifts and grantsLn 1h$677K
Fees for servicesLn 2g$73K
Other incomeLn 4–11$44K
Money outPt IX
$167K
Ln 25
Programscol B$167K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$7.0M
LiabilitiesLn 26$872K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$677K
Government grantsLn 1e$677K
Fees for servicesLn 2g$73K
Investment incomeLn 3$21
Other incomeLn 4–11$44K
Total revenueLn 12$793K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$4.5M
Total assetsLn 16$7.0M
LiabilitiesLn 26$872K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 50
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$173K$3K
Land, buildings, equipmentLn 10c$2.3M$2.4M
Total assetsLn 16$6.4M$7.0M
LiabilitiesLn 26$921K$872K
Net assetsLn 32$5.5M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$4K$4K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$27K$27K
Advertising and promotionLn 12$2$2
Office expensesLn 13$2K$2K
InterestLn 20$19K$19K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$78K$78K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$167K$167K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $793K$167K$627K$6.1M 990 PDF
FY2023 $586K$110K$477K$5.5M 990 PDF
FY2022 $2.4M$106K$2.3M$5.0M 990 PDF
FY2021 $2.2M$24K$2.2M$2.7M 990 PDF
FY2020 $588K$50K$538K$538K 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 $793,374 across 6 lines filed
VIII-1e Government grants$676,575
VIII-1h Total contributions, gifts and grants$676,575
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,733$72,733
VIII-3 Investment incomeRelated to mission $21$21
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44,045$44,045
VIII-12 Total revenueRelated to mission $116,799$793,374
Part IX · Statement of functional expenses $166,812 across 10 lines filed
IX-11a Management feesPrograms $4,408$4,408
IX-11b Legal feesPrograms $5,000$5,000
IX-11c Accounting feesPrograms $26,550$26,550
IX-12 Advertising and promotionPrograms $2$2
IX-13 Office expensesPrograms $1,845$1,845
IX-20 InterestPrograms $18,731$18,731
IX-22 Depreciation, depletion and amortizationPrograms $27,220$27,220
IX-23 InsurancePrograms $3,521$3,521
IX-24 Other expenses (24a–d)Programs $77,775$77,775
IX-24e All other expensesPrograms $1,760$1,760
IX-25 Total functional expensesPrograms $166,812 · Management $0 · Fundraising $0$166,812
Part X · Balance sheet $7,009,607 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $173,138$2,795
X-4 Accounts receivableStart of year $55,950$55,700
X-10c Land, buildings and equipment, netStart of year $2,290,006$2,397,765
X-14 Intangible assetsStart of year $15,779$14,661
X-15 Other assetsStart of year $3,897,741$4,538,686
X-16 Total assetsStart of year $6,432,614$7,009,607
X-17 Accounts payable and accrued expensesStart of year $54,007$2,787
X-25 Other liabilitiesStart of year $867,350$869,000
X-26 Total liabilitiesStart of year $921,357$871,787
X-32 Total net assets or fund balancesStart of year $5,511,257$6,137,820
X-33 Total liabilities and net assetsStart of year $6,432,614$7,009,607
Part XI · Reconciliation of net assets $6,137,820 net assets at year end
XI-1 Total revenue$793,374
XI-2 Total expenses$166,812
XI-3 Revenue less expenses$626,562
XI-4 Net assets at start of year$5,511,257
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$6,137,820

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

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