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
76 cents of each dollar spent went to programs.
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
22 people listed on the 990; $90K paid to officers and key staff (Part VII, Section 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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 15aYes
Programs and updates
Preserves and interprets historic properties for public understanding.
Questions for Smithfield-Preston Foundation
Your first name shows with your question. Smithfield-Preston Foundation answers here, for everyone.
Preserving and interpreting the heritage of the region using historic properties.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1785583) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $108K | $3K |
| InvestmentsLn 11–13 | $653K | $691K |
| Land, buildings, equipmentLn 10c | $2.4M | $2.3M |
| Total assetsLn 16 | $3.4M | $3.3M |
| LiabilitiesLn 26 | $4K | $5K |
| Net assetsLn 32 | $3.4M | $3.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $90K | $71K | $17K | $2K |
| Other salaries and wagesLn 7 | $50K | $39K | $9K | $995 |
| Payroll taxesLn 10 | $11K | $9K | $2K | $217 |
| Management feesLn 11a | $919 | $919 | ||
| Accounting feesLn 11c | $10K | $10K | ||
| Investment management feesLn 11f | $7K | $7K | ||
| Other fees for servicesLn 11g | $10K | $98 | $10K | $3 |
| Advertising and promotionLn 12 | $16K | $16K | $328 | |
| Office expensesLn 13 | $5K | $5K | $96 | |
| Information technologyLn 14 | $3K | $3K | ||
| OccupancyLn 16 | $16K | $12K | $4K | |
| Conferences, conventions and meetingsLn 19 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $66K | $66K | ||
| InsuranceLn 23 | $12K | $9K | $4K | |
| Other expenses (24a–d)Ln 24 | $33K | $30K | $3K | $51 |
| All other expensesLn 24e | $5K | $3K | $910 | $677 |
| Total functional expensesLn 25 | $337K | $257K | $76K | $4K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| 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 |
| FY2023 ViewingFiled 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 |
| FY2021Filed 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
See the full FY2023 990
Part I · Summary $133,861 revenue, 12 lines filed
Part VI · Governance 20 of 20 board members independent, no flags
Part VIII · Statement of revenue $133,861 across 11 lines filed
Part IX · Statement of functional expenses $336,690 across 16 lines filed
Part X · Balance sheet $3,312,598 assets, 13 lines filed
Part XI · Reconciliation of net assets $3,307,542 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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