Preservation Austin FY2024 filing

Tax-deductible

Austin, TX501(c)(3)Since 1953Arts & CultureEIN 74-6060685Revenue $1.6M in FY2024

On file with the IRSpreservationaustin.orgPo Box 2113, 78768-2113 · Austin, TXTax-exempt since Jun 1955Publicly supported charity — 170(b)(1)(A)(vi)

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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.
61¢ of each $1 spent went to programs.
$92K 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

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
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
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
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
10 mo
of spending, in cash
Looks good: 9.7 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
$927K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+183% vs prior year
Spent
$696K
To programs
61%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +183%
Tap a bar for its year
Revenue by fiscal year
FY2020$279K
FY2021$483K
FY2022$459K
FY2023$557K
FY2024$1.6M
FY2024$1.9M
Expenses
$696K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$326K
FY2021$337K
FY2022$476K
FY2023$592K
FY2024$696K
FY2024$723K
Net assets
$1.7M
FY2024▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020$788K
FY2021$1.1M
FY2022$949K
FY2023$942K
FY2024$1.7M
FY2024$2.9M

From the FY2024 Form 990 (year ending August 2024) · 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

61 cents of each dollar spent went to programs.

Program services 61% · $426K Management & general 20% · $137K Fundraising 19% · $133K

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

24 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$91,738Pt VII · Sec A
Imm Past Pre
$0Pt VII · Sec A
President
$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 2No
  • 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 programs · $426K · in their own filed words · FY2023
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…

$343Kprogram expense
02

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…

$44Kprogram expense
03

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.

$40Kprogram expense

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
Individual RecipientFY2021$8,500
Individual RecipientFY2021$7,500
Unitemized GrantFY2020$9,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$153K
Fees for servicesLn 2g$75K
Money outPt IX
$696K
Ln 25
Programscol B$426K
Managementcol C$137K
Fundraisingcol D$133K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$565K
Total assetsLn 16$2.7M
LiabilitiesLn 26$927K
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$284K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$75K
Investment incomeLn 3$153K
Gains on assetsLn 7$138K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$565K
Cash and savings togetherLn 1–2$565K
InvestmentsLn 11–13$344K
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$2.7M
LiabilitiesLn 26$927K
Net assetsLn 32$1.7M
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 FY24End FY24
Cash and savingsLn 1–2$146K$565K
InvestmentsLn 11–13$697K$344K
Land, buildings, equipmentLn 10c$1.0M$1.7M
Total assetsLn 16$1.9M$2.7M
LiabilitiesLn 26$925K$927K
Net assetsLn 32$942K$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$27K$27K
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$110K$77K$16K$16K
Other salaries and wagesLn 7$189K$132K$28K$28K
Other employee benefitsLn 9$19K$14K$3K$3K
Payroll taxesLn 10$21K$15K$3K$3K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$16K$16K
Professional fundraising feesLn 11e$50K$50K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$11K$8K$3K
Advertising and promotionLn 12$34K$26K$2K$7K
Office expensesLn 13$20K$3K$16K$1K
Information technologyLn 14$16K$411$15K$1K
OccupancyLn 16$19K$13K$3K$3K
TravelLn 17$197$197
InterestLn 20$76K$75K$204
Depreciation, depletion and amortizationLn 22$17K$12K$3K$3K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$49K$31K$5K$14K
Total functional expensesLn 25$696K$426K$137K$133K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.6M$696K$881K$1.7M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $1,577,608 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $457,561$1,348,980
I-9 Program service revenuePrior year $73,685$75,314
I-10 Investment incomePrior year $26,138$153,314
I-11 Other revenue$0
I-12 Total revenuePrior year $557,384$1,577,608
I-13 Grants and similar amounts paidPrior year $50,500$28,608
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $304,939$339,313
I-16a Professional fundraising fees$50,000
I-17 Other expensesPrior year $236,640$278,190
I-18 Total expensesPrior year $592,079$696,111
I-19 Revenue less expensesPrior year −$34,695$881,497
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,577,608 across 9 lines filed
VIII-1b Membership dues$129,044
VIII-1e Government grants$284,188
VIII-1f All other contributions, gifts and grants$935,748
VIII-1g Noncash contributions (included above)$2,995
VIII-1h Total contributions, gifts and grants$1,348,980
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,914 · Unrelated business $9,400$75,314
VIII-3 Investment incomeExcluded from tax $15,769$15,769
VIII-7 Net gain or loss on sales of assetsExcluded from tax $137,545$137,545
VIII-12 Total revenueRelated to mission $65,914 · Unrelated business $9,400 · Excluded from tax $153,314$1,577,608
Part IX · Statement of functional expenses $696,111 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $27,308$27,308
IX-2 Grants to domestic individualsPrograms $1,300$1,300
IX-5 Pay of current officers, directors and key staffPrograms $77,000 · Management $16,500 · Fundraising $16,500$110,000
IX-7 Other salaries and wagesPrograms $132,430 · Management $28,378 · Fundraising $28,378$189,186
IX-9 Other employee benefitsPrograms $13,568 · Management $2,907 · Fundraising $2,907$19,382
IX-10 Payroll taxesPrograms $14,521 · Management $3,112 · Fundraising $3,112$20,745
IX-11b Legal feesManagement $6,834$6,834
IX-11c Accounting feesManagement $16,019$16,019
IX-11e Professional fundraising feesFundraising $50,000$50,000
IX-11f Investment management feesManagement $5,029$5,029
IX-11g Other fees for servicesManagement $7,605 · Fundraising $3,000$10,605
IX-12 Advertising and promotionPrograms $25,690 · Management $1,811 · Fundraising $6,961$34,462
IX-13 Office expensesPrograms $2,996 · Management $15,819 · Fundraising $1,362$20,177
IX-14 Information technologyPrograms $411 · Management $14,900 · Fundraising $1,107$16,418
IX-16 OccupancyPrograms $13,247 · Management $2,839 · Fundraising $2,839$18,925
IX-17 TravelManagement $197$197
IX-20 InterestPrograms $75,439 · Management $204$75,643
IX-22 Depreciation, depletion and amortizationPrograms $12,025 · Management $2,577 · Fundraising $2,577$17,179
IX-23 InsuranceManagement $7,412$7,412
IX-24 Other expenses (24a–d)Programs $30,544 · Management $4,972 · Fundraising $13,774$49,290
IX-25 Total functional expensesPrograms $426,479 · Management $137,115 · Fundraising $132,517$696,111
Part X · Balance sheet $2,650,314 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $146,440$565,125
X-4 Accounts receivableStart of year $2,874$3,449
X-10c Land, buildings and equipment, netStart of year $1,014,723$1,733,440
X-11 Publicly traded securitiesStart of year $697,085$343,551
X-14 Intangible assets$4,749
X-16 Total assetsStart of year $1,867,154$2,650,314
X-17 Accounts payable and accrued expensesStart of year $6,801$10,950
X-18 Grants payableStart of year $44,000$40,000
X-26 Total liabilitiesStart of year $925,300$927,183
X-27 Net assets without donor restrictionsStart of year $911,854$1,322,833
X-28 Net assets with donor restrictionsStart of year $30,000$400,298
X-32 Total net assets or fund balancesStart of year $941,854$1,723,131
X-33 Total liabilities and net assetsStart of year $1,867,154$2,650,314
Part XI · Reconciliation of net assets $1,723,131 net assets at year end
XI-1 Total revenue$1,577,608
XI-2 Total expenses$696,111
XI-3 Revenue less expenses$881,497
XI-4 Net assets at start of year$941,854
XI-5 Net unrealized gains (losses) on investments−$100,220
XI-10 Net assets at end of year$1,723,131

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

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