Preservation Austin FY2023 filing

Tax-deductible

Austin, TX501(c)(3)Since 1953Arts & CultureEIN 74-6060685

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Preservation Austin exists to empower austinites to shape a more inclusive, resilient, and meaningful community culture through Preservation.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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 $186K a year · 28% 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$925K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$557K
+21% vs prior year
Spent
$592K
To programs
69%
Net assets
$942K
By yearFY2020–FY2024
Revenue
$557K
FY2023▲ +21%
Revenue by fiscal year
FY2020$279K
FY2021$483K
FY2022$459K
FY2023$557K
FY2024$1.6M
FY2024$1.9M
Expenses
$592K
FY2023▲ +24%
Expenses by fiscal year
FY2020$326K
FY2021$337K
FY2022$476K
FY2023$592K
FY2024$696K
FY2024$723K
Net assets
$942K
FY2023▼ -0.8%
Net assets by fiscal year
FY2020$788K
FY2021$1.1M
FY2022$949K
FY2023$942K
FY2024$1.7M
FY2024$2.9M

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1955.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $409K Management & general 18% · $107K Fundraising 13% · $76K

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

25 people listed on the 990; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$75,620Pt VII · Sec A
Imm Past Pre
$0Pt VII · Sec A
$0Pt VII · Sec A
President-El
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Lindsey Derrington’s $103K as Executive Di is at the 35th percentile of top reported officer pay among 3924 $1–10M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lindsey Derrington$103,471$91,738$75,620$72,577$70,817$71,541
Katherine Singleton—————$21,970

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering Austinites to build a more inclusive, resilient, and meaningful community culture.

Provided by the organization

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3 program services account for $409K of program spending, described in the organization's own filed words · FY2022.
01

Annual programming cultivates community support for preserving austin's historic landmarks, neighborhoods, cultural landscapes, and legacy businesses. Our spring homes tour showcases 21ST century living in historic spaces; the preservation merit awards program celebrates the advocates saving, restoring, and interpreting our city's…

$312Kprogram expense
02

Tangible impacts on our city include preservation austin's matching grant program for education, bricks and mortar, and PLANNING/HISTORIC resource SURVEY/LOCAL historic designation projects. We manage a portfolio of 23 preservation covenants, working with property owners to ensure careful stewardship of their piece of austin history.

$60Kprogram expense
03

Advocacy focuses on educating our community about policy issues with broad implications for historic resources at every level of government. This includes supporting public funding for historic resource surveys and heritage grants; providing technical support for historic zoning efforts; site-specific advocacy to encourage preservation…

$37Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$50K
Grants paid · 8 grants · $80K · 2019–2023
Zeta Phi Beta Sorority INCTX · FY2023$5,500
Unitemized GrantFY2022$21,800
Unitemized GrantFY2021$15,000
Cisco ResturantFY2021$8,500
Texas Historical CommissionFY2021$7,500
Unitemized GrantFY2020$9,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$557K
Ln 12
Gifts and grantsLn 1h$458K
Fees for servicesLn 2g$74K
Investment incomeLn 3$26K
Money outPt IX
$592K
Ln 25
Programscol B$409K
Managementcol C$107K
Fundraisingcol D$76K
Owns and owesPt X
$942K
net assets · Ln 32
Cash and savingsLn 1–2$146K
Total assetsLn 16$1.9M
LiabilitiesLn 26$925K
PeoplePt VI, VII
25
listed · VII A
PaidVII A1
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$458K
Government grantsLn 1e$29K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$74K
Investment incomeLn 3$26K
Gains on assetsLn 7$9K
Total revenueLn 12$557K
Assets in detailPt X, end of year
CashLn 1$146K
Cash and savings togetherLn 1–2$146K
InvestmentsLn 11–13$697K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$1.9M
LiabilitiesLn 26$925K
Net assetsLn 32$942K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6200
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$120K$146K
InvestmentsLn 11–13$708K$697K
Land, buildings, equipmentLn 10c$1.0M$1.0M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$920K$925K
Net assetsLn 32$949K$942K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$29K$29K
Grants to domestic individualsLn 2$22K$22K
Pay of current officers, directors and key staffLn 5$92K$65K$14K$14K
Other salaries and wagesLn 7$171K$119K$26K$26K
Other employee benefitsLn 9$24K$17K$4K$4K
Payroll taxesLn 10$18K$12K$3K$3K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$10K$450$8K$2K
Advertising and promotionLn 12$8K$7K$315$345
Office expensesLn 13$31K$22K$5K$5K
Information technologyLn 14$15K$11K$2K$2K
OccupancyLn 16$21K$15K$3K$3K
TravelLn 17$154$94$60
InterestLn 20$65K$45K$10K$10K
Depreciation, depletion and amortizationLn 22$16K$11K$2K$2K
InsuranceLn 23$11K$4K$7K
Other expenses (24a–d)Ln 24$39K$30K$3K$7K
Total functional expensesLn 25$592K$409K$107K$76K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.6M$696K$881K$1.7M 990 PDF
FY2023 Viewing $557K$592K−$35K$942K 990 PDF
FY2022 $459K$476K−$17K$949K 990 PDF
FY2021 $483K$337K$145K$1.1M 990 PDF
FY2020 $279K$326K−$47K$788K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $557,384 across 9 lines filed
VIII-1b Membership dues$136,679
VIII-1e Government grants$28,799
VIII-1f All other contributions, gifts and grants$292,083
VIII-1g Noncash contributions (included above)$4,931
VIII-1h Total contributions, gifts and grants$457,561
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,985 · Unrelated business $15,700$73,685
VIII-3 Investment incomeExcluded from tax $17,442$17,442
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,696$8,696
VIII-12 Total revenueRelated to mission $57,985 · Unrelated business $15,700 · Excluded from tax $26,138$557,384
Part IX · Statement of functional expenses $592,079 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $28,700$28,700
IX-2 Grants to domestic individualsPrograms $21,800$21,800
IX-5 Pay of current officers, directors and key staffPrograms $64,618 · Management $13,847 · Fundraising $13,847$92,312
IX-7 Other salaries and wagesPrograms $119,405 · Management $25,587 · Fundraising $25,587$170,579
IX-9 Other employee benefitsPrograms $17,103 · Management $3,665 · Fundraising $3,665$24,433
IX-10 Payroll taxesPrograms $12,331 · Management $2,642 · Fundraising $2,642$17,615
IX-11c Accounting feesManagement $14,117$14,117
IX-11f Investment management feesManagement $6,790$6,790
IX-11g Other fees for servicesPrograms $450 · Management $8,018 · Fundraising $1,500$9,968
IX-12 Advertising and promotionPrograms $6,929 · Management $315 · Fundraising $345$7,589
IX-13 Office expensesPrograms $21,961 · Management $4,706 · Fundraising $4,706$31,373
IX-14 Information technologyPrograms $10,543 · Management $2,259 · Fundraising $2,259$15,061
IX-16 OccupancyPrograms $14,743 · Management $3,159 · Fundraising $3,159$21,061
IX-17 TravelManagement $94 · Fundraising $60$154
IX-20 InterestPrograms $45,247 · Management $9,696 · Fundraising $9,696$64,639
IX-22 Depreciation, depletion and amortizationPrograms $11,044 · Management $2,367 · Fundraising $2,367$15,778
IX-23 InsurancePrograms $4,019 · Management $6,969$10,988
IX-24 Other expenses (24a–d)Programs $29,626 · Management $2,841 · Fundraising $6,655$39,122
IX-25 Total functional expensesPrograms $408,519 · Management $107,072 · Fundraising $76,488$592,079
Part X · Balance sheet $1,867,154 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $120,267$146,440
X-4 Accounts receivableStart of year $21,090$2,874
X-9 Prepaid expenses and deferred chargesStart of year $4,940$6,032
X-10c Land, buildings and equipment, netStart of year $1,015,165$1,014,723
X-11 Publicly traded securitiesStart of year $707,996$697,085
X-16 Total assetsStart of year $1,869,458$1,867,154
X-17 Accounts payable and accrued expensesStart of year $6,900$6,801
X-18 Grants payableStart of year $33,500$44,000
X-19 Deferred revenueStart of year $5,831$1,475
X-26 Total liabilitiesStart of year $920,459$925,300
X-27 Net assets without donor restrictionsStart of year $918,999$911,854
X-28 Net assets with donor restrictionsStart of year $30,000$30,000
X-32 Total net assets or fund balancesStart of year $948,999$941,854
X-33 Total liabilities and net assetsStart of year $1,869,458$1,867,154
Part XI · Reconciliation of net assets $941,854 net assets at year end
XI-1 Total revenue$557,384
XI-2 Total expenses$592,079
XI-3 Revenue less expenses−$34,695
XI-4 Net assets at start of year$948,999
XI-5 Net unrealized gains (losses) on investments$27,550
XI-10 Net assets at end of year$941,854

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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