Teslow Preservation Group FY2022 filing

Livington, MTUnknown exempt organizationEIN 81-1519974

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Preservation and repurposement of historic grain elevator in livingston mt.

63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 3
filings with a surplus
Average deficit $17K a year · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
45 mo
of spending, in cash
Looks good: 45.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $68K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$4K
To programs
63%
Net assets
$47K
By yearFY2022–FY2024
Revenue
$0
FY2022
Revenue by fiscal year
FY2022$0
FY2023$0
FY2024−$32K
Expenses
$4K
FY2022
Expenses by fiscal year
FY2022$4K
FY2023$5K
FY2024$10K
Net assets
$47K
FY2022
Net assets by fiscal year
FY2022$47K
FY2023$42K
FY2024$0

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $3K Management & general 37% · $2K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
See Teslow Preservation Group 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and repurposes a historic grain elevator for community use.

Provided by the organization

This section is blank until Teslow Preservation Group claims this page.

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

In 2020, the building was added to the nationalregister of historic places. In 2021 the organization entered into formal negotiations with a mission- minded interested developer for the historic building.

$3Kprogram 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 · funders on record
Grants received · FY2020
Total grants receivedfrom 2 funders$68K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$4K
Ln 25
Programscol B$3K
Managementcol C$2K
Owns and owesPt X
$47K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$62K
LiabilitiesLn 26$15K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Land, buildings, equipmentLn 10c$47K
Total assetsLn 16$62K
LiabilitiesLn 26$15K
Net assetsLn 32$47K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$39K$16K
Land, buildings, equipmentLn 10c$47K$47K
Total assetsLn 16$86K$62K
LiabilitiesLn 26$35K$15K
Net assetsLn 32$52K$47K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$261$261
OccupancyLn 16$2K$2K
Total functional expensesLn 25$4K$3K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$32K$10K−$42K$0 990 PDF
FY2023 $0$5K−$5K$42K 990 PDF
FY2022 Viewing $0$4K−$4K$47K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $4,165 across 3 lines filed
IX-11c Accounting feesManagement $1,559$1,559
IX-13 Office expensesPrograms $261$261
IX-16 OccupancyPrograms $2,345$2,345
IX-25 Total functional expensesPrograms $2,606 · Management $1,559 · Fundraising $0$4,165
Part X · Balance sheet $62,339 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $39,415$15,645
X-10c Land, buildings and equipment, netStart of year $46,694$46,694
X-16 Total assetsStart of year $86,109$62,339
X-25 Other liabilitiesStart of year $34,605$15,000
X-26 Total liabilitiesStart of year $34,605$15,000
X-27 Net assets without donor restrictionsStart of year $51,504$47,339
X-32 Total net assets or fund balancesStart of year $51,504$47,339
X-33 Total liabilities and net assetsStart of year $86,109$62,339
Part XI · Reconciliation of net assets $47,339 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$4,165
XI-3 Revenue less expenses−$4,165
XI-4 Net assets at start of year$51,504
XI-10 Net assets at end of year$47,339

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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