Hearst Castle Preservation Foundation: Nonprofit Profile, Financials & Form 990 (EIN 77-0310765)

Revenue by fiscal year
FY2020	$53K
FY2021	$99K
FY2022	−$49K
FY2023	$171K
FY2024	$103K

Expenses by fiscal year
FY2020	$199K
FY2021	$249K
FY2022	$189K
FY2023	$133K
FY2024	$151K

Net assets by fiscal year
FY2020	$1.1M
FY2021	$960K
FY2022	$722K
FY2023	$759K
FY2024	$711K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1992.

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

Where the money goes

95 cents of each dollar spent went to programs.

95%

Program services 95% · $144K Management & general 5% · $8K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

See Attached Statement 1

Various

$0Pt VII · Sec A

See Hearst Castle Preservation Foundation 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

Preserves and promotes Hearst Castle for public enjoyment and education.

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Provided by the organization

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1 program · $144K · in their own filed words · FY2024

01

Hearst castle preservation foundation supports preservation of the hearst castle. The foundation supports various conservation and restoration projects each year. This includes conservation of the 17TH century cupid astride a dolphin, two polychromed and gilded columns and monumental red figure ceramic apulian pelike.

$144Kprogram 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 · FY2024

Paul & Daisy Soros FoundationFY2024$10K

The Fran & Ray Stark FoundationFY2024$10K

Boudjakdji FoundationFY2024$8K

Fidelity Investments Charitable Gift FundFY2024$5K

Earle I Mack Foundation INCFY2024$2K

Lois and Andrew Zaro Fam Charitable TrFY2024$2K

Martin D & Jean Shafiroff FoundationFY2024$1K

Total grants receivedfrom 7 funders$37K

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By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$103K

Ln 12

Gifts and grantsLn 1h$75K

Investment incomeLn 3$26K

Other incomeLn 4–11$2K

Money outPt IX

$151K

Ln 25

Programscol B$144K

Managementcol C$8K

Owns and owesPt X

$711K

net assets · Ln 32

Cash and savingsLn 1–2$711K

Total assetsLn 16$711K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$75K

Investment incomeLn 3$26K

Other incomeLn 4–11$2K

Total revenueLn 12$103K

Assets in detailPt X, end of year

CashLn 1$225K

SavingsLn 2$485K

Cash and savings togetherLn 1–2$711K

Total assetsLn 16$711K

LiabilitiesLn 26$0

Net assetsLn 32$711K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$759K	$711K
Total assetsLn 16	$759K	$711K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$759K	$711K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0	$0
Legal feesLn 11b	$8K	$0	$8K	$0
Office expensesLn 13	$145	$0	$145	$0
Other expenses (24a–d)Ln 24	$144K	$144K	$0	$0
Total functional expensesLn 25	$151K	$144K	$8K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$103K	$151K	−$48K	$711K	990 PDF
FY2023	$171K	$133K	$37K	$759K	990 PDF
FY2022	−$49K	$189K	−$238K	$722K	990 PDF
FY2021	$99K	$249K	−$150K	$960K	990 PDF
FY2020	$53K	$199K	−$146K	$1.1M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $103,354 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $75,000$75,000

I-9 Program service revenue$0

I-10 Investment incomePrior year $25,136$26,188

I-11 Other revenuePrior year $70,434$2,166

I-12 Total revenuePrior year $170,570$103,354

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $133,423$151,453

I-18 Total expensesPrior year $133,423$151,453

I-19 Revenue less expensesPrior year $37,147−$48,099

Part VI · Governance 14 of 14 board members independent, 5 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $103,354 across 5 lines filed

VIII-1f All other contributions, gifts and grants$75,000

VIII-1h Total contributions, gifts and grants$75,000

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $26,188$26,188

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $2,166$2,166

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $28,354$103,354

Part IX · Statement of functional expenses $151,453 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $0$0

IX-11b Legal feesPrograms $0 · Management $7,783 · Fundraising $0$7,783

IX-13 Office expensesPrograms $0 · Management $145 · Fundraising $0$145

IX-24 Other expenses (24a–d)Programs $143,525 · Management $0 · Fundraising $0$143,525

IX-25 Total functional expensesPrograms $143,525 · Management $7,928 · Fundraising $0$151,453

Part X · Balance sheet $710,805 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $183,766$225,450

X-2 Savings and temporary cash investmentsStart of year $575,138$485,355

X-16 Total assetsStart of year $758,904$710,805

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $758,904$710,805

X-33 Total liabilities and net assetsStart of year $758,904$710,805

Part XI · Reconciliation of net assets $710,805 net assets at year end

XI-1 Total revenue$103,354

XI-2 Total expenses$151,453

XI-3 Revenue less expenses−$48,099

XI-4 Net assets at start of year$758,904

XI-10 Net assets at end of year$710,805

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

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