Smithfield-Preston Foundation FY2021 filing

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Preservation and interpretation of historic property

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1785583) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$170K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $52K a year · 19% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
79% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 59% of spending
Pay to officers and key staff is 59% of spending.
Part VII, Section A
1.7 mo
of spending, in cash
Plus $785K in investments, Pt X · Ln 11–13
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$32K
0.9% of total assets
Liabilities are 0.9% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$291K
+52% vs prior year
Spent
$290K
To programs
79%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$291K
FY2021▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2020$192K
FY2021$291K
FY2022$390K
FY2023$134K
FY2024$302K
FY2025$363K
Expenses
$290K
FY2021▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$344K
FY2021$290K
FY2022$347K
FY2023$337K
FY2024$307K
FY2025$355K
Net assets
$3.5M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.5M
FY2022$3.4M
FY2023$3.3M
FY2024$3.3M
FY2025$3.3M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1996.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $228K Management & general 20% · $59K Fundraising 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

32 people listed on the 990; $170K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$85,000Pt VII · Sec A
Executive Director
$85,000Pt VII · Sec A
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Development Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Hudson’s $86K as Executive Dir. is at the 80th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ryan Spencer——$4,772$94,167$85,000$90,833
Michael Hudson$86,000$81,912$85,639———

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.

See Smithfield-Preston Foundation executive salaries →

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 interprets historic properties for public understanding.

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2 programs · $457K · in their own filed words · FY2020
01

Preserving and interpreting the heritage of the region using historic properties.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1785583) · Dispute this line
$228Kprogram expense
02

Preserving and interpreting the heritage of the region using historic properties.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1785583) · Dispute this line
$228Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$291K
Ln 12
Gifts and grantsLn 1h$222K
Investment incomeLn 3$27K
Other incomeLn 4–11$27K
Money outPt IX
$290K
Ln 25
Programscol B$228K
Managementcol C$59K
Fundraisingcol D$3K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$3.6M
LiabilitiesLn 26$32K
PeoplePt VI, VII
32
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$222K
Government grantsLn 1e$61K
Fees for servicesLn 2g$15K
Investment incomeLn 3$27K
Other incomeLn 4–11$27K
Total revenueLn 12$291K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$42K
Total assetsLn 16$3.6M
LiabilitiesLn 26$32K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 6120
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 19, 2026 $363K$355K$8K$3.3M 990 PDF
FY2024Filed with the IRS Apr 23, 2025 $302K$307K−$5K$3.3M 990 PDF
FY2023Filed with the IRS Nov 13, 2023 $134K$337K−$203K$3.3M 990 PDF
FY2022Filed with the IRS Nov 6, 2023 $390K$347K$42K$3.4M 990 PDF
FY2021 ViewingFiled with the IRS Dec 21, 2021 $291K$290K$1K$3.5M 990 PDF
FY2020Filed with the IRS Jan 25, 2021 $192K$344K−$153K$3.4M 990 PDF

Schedules filed Part IV

A · Public support O · Explanations
See the full FY2021 990
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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