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Preservation INC FY2022 filing

Tax-deductible

Springfield, IL501(c)(3)Since 2021Community Development EIN 87-1456877Revenue $268K in FY2022Latest return filed Jul 21, 2026

On file with the IRSpreservation-inc.comSpringfield, ILTax-exempt since Sep 2021Publicly supported — 509(a)(2)

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To strengthen the community by restoring structures of significance, and using those facilities to enhance learning and social opportunities for future generations.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-1456877) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $30K a year · 16% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
30.6 mo
of spending, in cash
30.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$8K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$268K
Spent
$73K
To programs
84%
Net assets
$195K
By yearFY2022–FY2025
Revenue
$268K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$268K
FY2023$294K
FY2024$48K
FY2025$172K
Expenses
$73K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$73K
FY2023$239K
FY2024$202K
FY2025$145K
Net assets
$195K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$195K
FY2023$250K
FY2024$96K
FY2025$123K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2021.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $61K Management & general 15% · $11K Fundraising 1% · $815

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Anthony Libri
President/Executive Director
$0Pt VII · Sec A
Brian Brewer
Treasurer
$0Pt VII · Sec A
Ann Libri
Director
$0Pt VII · Sec A
Brad Mills
Director
$0Pt VII · Sec A
Sarah Jones
Secretary
$0Pt VII · Sec A
See Preservation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores historic buildings to create learning and social opportunities for the community.

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1 program · $61K · in their own filed words · FY2022
01

Operation and maintenance of the historic conservatory on the former ursuline academy campus in springfield, illinois. Neighboring property owners pay the organization for landscaping and grounds UPKEEP.BUILDING and property upkeep expenses include utilities, repairs, maintenance, insurance, contract labor, and landscaping.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-1456877) · Dispute this line
$61Kprogram 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 · FY2025
Ursuline Academy FoundationFY2025$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$268K
Ln 12
Investment incomeLn 3$150K
Gifts and grantsLn 1h$116K
Fees for servicesLn 2g$2K
Money outPt IX
$73K
Ln 25
Programscol B$61K
Managementcol C$11K
Fundraisingcol D$815
Owns and owesPt X
$195K
net assets · Ln 32
Cash and savingsLn 1–2$185K
Total assetsLn 16$203K
LiabilitiesLn 26$8K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Government grantsLn 1e$5K
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$2K
Investment incomeLn 3$150K
Gains on assetsLn 7$150K
Total revenueLn 12$268K
Assets in detailPt X, end of year
CashLn 1$185K
Cash and savings togetherLn 1–2$185K
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$203K
LiabilitiesLn 26$8K
Net assetsLn 32$195K
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
LineStart FY22End FY22
Cash and savingsLn 1–2$146$185K
Land, buildings, equipmentLn 10c$0$18K
Total assetsLn 16$146$203K
LiabilitiesLn 26$0$8K
Net assetsLn 32$146$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Advertising and promotionLn 12$920$920
Office expensesLn 13$606$606
OccupancyLn 16$61K$61K
Other expenses (24a–d)Ln 24$8K$7K$815
All other expensesLn 24e$37$37
Total functional expensesLn 25$73K$61K$11K$815

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 21, 2026 $172K$145K$27K$123K 990 PDF
FY2024Filed with the IRS Nov 13, 2025 $48K$202K−$155K$96K 990 PDF
FY2023Filed with the IRS Oct 24, 2024 $294K$239K$55K$250K 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $268K$73K$195K$195K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $267,792 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$115,640
I-9 Program service revenuePrior year $0$2,300
I-10 Investment incomePrior year $0$149,852
I-11 Other revenuePrior year $525$0
I-12 Total revenuePrior year $525$267,792
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $379$72,645
I-18 Total expensesPrior year $379$72,645
I-19 Revenue less expensesPrior year $146$195,147
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $267,792 across 8 lines filed
VIII-1c Fundraising events$3,203
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$107,437
VIII-1h Total contributions, gifts and grants$115,640
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,300$2,300
VIII-7 Net gain or loss on sales of assetsExcluded from tax $149,852$149,852
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,300 · Unrelated business $0 · Excluded from tax $149,852$267,792
Part IX · Statement of functional expenses $72,645 across 6 lines filed
IX-11b Legal feesManagement $2,209$2,209
IX-12 Advertising and promotionManagement $920$920
IX-13 Office expensesManagement $606$606
IX-16 OccupancyPrograms $60,971$60,971
IX-24 Other expenses (24a–d)Management $7,087 · Fundraising $815$7,902
IX-24e All other expensesManagement $37$37
IX-25 Total functional expensesPrograms $60,971 · Management $10,859 · Fundraising $815$72,645
Part X · Balance sheet $203,293 assets, 7 lines filed
Net asset lines not itemized here account for $195,293. See the IRS return.
X-1 Cash, non-interest-bearingStart of year $146$185,301
X-10c Land, buildings and equipment, netStart of year $0$17,992
X-16 Total assetsStart of year $146$203,293
X-17 Accounts payable and accrued expensesStart of year $0$8,000
X-26 Total liabilitiesStart of year $0$8,000
X-32 Total net assets or fund balancesStart of year $146$195,293
X-33 Total liabilities and net assetsStart of year $146$203,293
Part XI · Reconciliation of net assets $195,293 net assets at year end
XI-1 Total revenue$267,792
XI-2 Total expenses$72,645
XI-3 Revenue less expenses$195,147
XI-4 Net assets at start of year$146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$195,293

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

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