Civic Intelligence

Connecticut Trust for Historic

EIN 06-0979808 • 501(c)3 • Hamden, CT

Profile

Interacts with other groups, individuals and organizations to encourage, advocate and facilitate historical preservation throughout connecticut.

940 Whitney AvenueHamden, CT 06517

www.cttrust.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

59th percentile

9.3%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

79th percentile

$135,437

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$2,772,949

Up $145,415 (+5.5%) from 2023

Liabilities

Up

$353,099

Up $137,447 (+64%) from 2023

Net Assets

Up

$2,419,850

Up $7,968 (+0.3%) from 2023

Revenue

Up

$6,157,178

Up $1,080,156 (+21%) from 2023

Expenses

Up

$6,253,368

Up $1,081,173 (+21%) from 2023

Net Income

Down

-$96,190

Down $1,017 (-1.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,488,530Liabilities 2011: $1,189,068Net Assets 2011: $299,4622011Assets 2012: $1,119,471Liabilities 2012: $820,317Net Assets 2012: $299,1542012Assets 2013: $1,580,611Liabilities 2013: $914,850Net Assets 2013: $665,7612013Assets 2014: $1,903,926Liabilities 2014: $1,237,508Net Assets 2014: $666,4182014Assets 2015: $2,443,089Liabilities 2015: $1,247,976Net Assets 2015: $1,195,1132015Assets 2016: $2,193,374Liabilities 2016: $1,073,082Net Assets 2016: $1,120,2922016Assets 2017: $2,188,702Liabilities 2017: $863,386Net Assets 2017: $1,325,3162017Assets 2018: $2,089,929Liabilities 2018: $434,631Net Assets 2018: $1,655,2982018Assets 2019: $2,075,084Liabilities 2019: $440,132Net Assets 2019: $1,634,9522019Assets 2020: $2,048,262Liabilities 2020: $350,919Net Assets 2020: $1,697,3432020Assets 2021: $2,800,338Liabilities 2021: $401,318Net Assets 2021: $2,399,0202021Assets 2022: $2,880,357Liabilities 2022: $479,362Net Assets 2022: $2,400,9952022Assets 2023: $2,627,534Liabilities 2023: $215,652Net Assets 2023: $2,411,8822023Assets 2024: $2,772,949Liabilities 2024: $353,099Net Assets 2024: $2,419,8502024

Highlighted filing

2024

Assets$2,772,949
Liabilities$353,099
Net Assets$2,419,850

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,240,532Expenses 2011: $1,285,197Net Income 2011: -$44,6652011Revenue 2012: $1,644,697Expenses 2012: $1,645,472Net Income 2012: -$7752012Revenue 2013: $2,128,239Expenses 2013: $1,759,724Net Income 2013: $368,5152013Revenue 2014: $1,931,157Expenses 2014: $1,931,574Net Income 2014: -$4172014Revenue 2015: $2,878,792Expenses 2015: $2,349,924Net Income 2015: $528,8682015Revenue 2016: $1,704,428Expenses 2016: $1,778,129Net Income 2016: -$73,7012016Revenue 2017: $1,552,500Expenses 2017: $1,347,407Net Income 2017: $205,0932017Revenue 2018: $1,664,003Expenses 2018: $1,333,196Net Income 2018: $330,8072018Revenue 2019: $1,056,515Expenses 2019: $1,085,664Net Income 2019: -$29,1492019Revenue 2020: $2,875,789Expenses 2020: $2,802,837Net Income 2020: $72,9522020Revenue 2021: $14,465,356Expenses 2021: $13,947,934Net Income 2021: $517,4222021Revenue 2022: $12,511,714Expenses 2022: $12,315,548Net Income 2022: $196,1662022Revenue 2023: $5,077,022Expenses 2023: $5,172,195Net Income 2023: -$95,1732023Revenue 2024: $6,157,178Expenses 2024: $6,253,368Net Income 2024: -$96,1902024

Highlighted filing

2024

Revenue$6,157,178
Expenses$6,253,368
Net Income-$96,190

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.77$0.35$2.42$6.16$6.25$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.63$0.22$2.41$5.08$5.17$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.48$2.40$12.5$12.3$0.20
2021Detailed filing. Detailed filing data is available for this year.$2.80$0.40$2.40$14.5$13.9$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.35$1.70$2.88$2.80$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.44$1.63$1.06$1.09$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.43$1.66$1.66$1.33$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.86$1.33$1.55$1.35$0.21
2016Detailed filing. Detailed filing data is available for this year.$2.19$1.07$1.12$1.70$1.78$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.44$1.25$1.20$2.88$2.35$0.53
2014Detailed filing. Detailed filing data is available for this year.$1.90$1.24$0.67$1.93$1.93$0.00
2013Summary only. Only limited summary data is available for this year.$1.58$0.91$0.67$2.13$1.76$0.37
2012Summary only. Only limited summary data is available for this year.$1.12$0.82$0.30$1.64$1.65$0.00
2011Summary only. Only limited summary data is available for this year.$1.49$1.19$0.30$1.24$1.29$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 23, 2024
Return Version
2023v6.0
Gross Receipts
$6,377,025
Mission and Program Overview

Mission

Interacts with other groups, individuals and organizations to encourage, advocate and facilitate historical preservation throughout connecticut.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,297,490$1,611,580▲ $314,090
Savings and Temporary Cash Investments$478,049$609,243▲ $131,194
Other Notes and Loans Receivable, Net$279,807$250,000▼ $29,807
Land, Buildings, and Equipment, Net$176,373$159,161▼ $17,212
Pledges and Grants Receivable$144,500--
Cash and Non-Interest-Bearing Accounts$244,944$136,531▼ $108,413
Prepaid Expenses and Deferred Charges$4,121$4,184▲ $63
Accounts Receivable$2,250$2,250→ $0
Total Assets$2,627,534$2,772,949▲ $145,415
Liabilities
Other Liabilities$86,647$230,736▲ $144,089
Mortgage Notes Payable Secured by Investment Property$76,397$76,397→ $0
Accounts Payable and Accrued Expenses$25,308$45,966▲ $20,658
Grants Payable$27,300--
Total Liabilities$215,652$353,099▲ $137,447
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,157,967$2,165,935▲ $7,968
Net Assets With Donor Restrictions$253,915$253,915→ $0
Total Net Assets Fund Balance$2,411,882$2,419,850▲ $7,968
Total Liabilities and Net Assets / Fund Balance$2,627,534$2,772,949▲ $145,415

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$136,149$363,982$500,131
Equipment$23,012$27,269$50,281

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,338,407$8,621▲ $177,687-$1,524,715
2022$1,120,675$77,920▲ $139,812-$1,338,407
2021$1,264,055-▼ $143,009$371$1,120,675
2020$640,230$431,197▲ $192,628-$1,264,055
2019$376,031$263,063▲ $1,136-$640,230
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane MontanaroExecutive DiFT$105,575$3,245$108,820

Board Members and Trustees

NameTitle
Caroline SloatChair
Mary Jean AgostiniVice Chair
Brian T SmithBoard Member
Catherine OstenBoard Member
Cristina RossBoard Member
Deb CohenBoard Member
Edith PestanaBoard Member
Edward GerberBoard Member
Elaine StilesBoard Member
Ellen GouldBoard Member
Henry GriggsBoard Member
James QuinnBoard Member
Jeffrey KaufmanBoard Member
John HarringtonBoard Member
Pieter RoosBoard Member
Regan MinerBoard Member
Robert TierneyBoard Member
Tom NissleyBoard Member
Jonathan WhartonSecretary
Garry LeonardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$966,545
Program Service Revenue
$5,091,187
Investment Income
$93,365
Other Revenue
$6,081
All Other Contributions
$472,801
Change in Net Assets
$-96,190

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,136,844
Revenue Not Reported on Financial Statements
$5,020,334
Revenue Not Reported on Form 990
$104,158
Other Revenue Adjustments
$5,002,591
Total Revenue per Audited Statements
$1,241,002
Total Revenue per Form 990
$6,157,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,310,385
Salaries, Compensation, and Employee Benefits$700,596
Grants and Similar Amounts Paid$242,387
Total Fundraising Expense$76,537
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,156$34,371$53,919$524,446
Grants to Domestic Orgs$238,637--$238,637
Current Officers, Directors, Trustees, and Key Employees$92,641$7,301$11,453$111,395
Fees for Services Other$52,822$327$513$53,662
Payroll Taxes$39,005$3,073$4,822$46,900
Fees for Services Accounting-$42,619-$42,619
Office Expenses$22,067$13,684-$35,751
Depreciation Depletion$17,690$1,394$2,187$21,271
Information Technology$17,984$2,526$320$20,830
Fees for Services Lobbying$20,500--$20,500
Travel$19,099--$19,099
Fees for Service Investment Mgmnt Fees-$17,743-$17,743
Insurance$12,038$949$1,488$14,475
Pension Plan Contributions$8,324$656$1,029$10,009
Other Employee Benefits$6,526$514$806$7,846
Occupancy$5,432$600-$6,032
Other Expenses$3,775$270-$4,045
Grants to Domestic Individuals$3,750--$3,750
Conferences and Meetings$779$920-$1,699
Fees for Services Legal$882--$882
Total Functional Expenses$6,046,240$130,591$76,537$6,253,368

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,253,368
Expenses Not Reported on Financial Statements$5,020,334
Other Expense Adjustments$5,002,591
Expenses per Audited Statements$1,233,034
Total Expenses per Audited Statements$1,233,034
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hartford Spanish Seventh-day AdventHartford, CT-Historic Preservatio$15,000
Darien Historical SocietyDarien, CT-Historic Preservatio$10,000
Mather Homestead FoundationDarien, CT-Historic Preservatio$10,000
Morris Historical SocietyMorris, CT-Historic Preservatio$10,000
Music Moutain IncorporatedLakeville, CT-Historic Preservatio$10,000
Norfolk FoundationNorfolk, CT-Historic Preservatio$10,000
Seabury Society for Preservation ofWoodbury, CT-Historic Preservatio$10,000
The Adam Stanton House & General StClinton, CT-Historic Preservatio$10,000
The Rockfall FoundationMiddletown, CT-Historic Preservatio$10,000
Wilton Historical SocietyWilton, CT-Historic Preservatio$10,000
Windham Preservation IncWindham, CT-Historic Preservatio$10,000
Society of the Founders of NorwichNorwich, CT-Historic Preservatio$9,705
Amity and Woodbridge Historical SocWoodbridge, CT-Historic Preservatio$9,000
Bolton Congregational ChurchBolton, CT-Historic Preservatio$8,000
Avery-copp Museum IncGroton, CT-Historic Preservatio$7,500
Parish of Trinity ChurchHartford, CT-Historic Preservatio$7,500
Farmington Historical SocietyFarmington, CT-Historic Preservatio$6,952
Woodstock Historical SocietyWoodstock, CT-Historic Preservatio$6,610
Webb-deane-stevens MuseumWethersfield, CT-Historic Preservatio$6,150
Trumbull Congregational ChurchTrumbull, CT-Historic Preservatio$6,000
Wsa - Modern RuinsNew York, NY-Historic Preservatio$5,880
Wsa - Modern RuinsNew York, NY-Historic Preservatio$5,640
Connecticut LandmarksHartford, CT-Historic Preservatio$5,583
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,481
Fundraising Gross Income$8,481
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$30,708$8,481$8,481$0
Total Events$30,708$8,481$8,481-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$220,636
Funds Held on Behalf of Another Org$10,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The cpa preparing the 990 presents the 990 to the board for review and approval prior to filing the return.

Form 990, Page 6, Part VI, Line 12C

Interested persons are required to disclose conflicts of interest to the board. The minutes of the meetings of the board shall reflect that conflicts were disclosed, as well as the board's decision regarding the conflict of interest. If a conflict of interest is suspected but not disclosed, the board will approach the interested person and investigate the alleged conflict of interest. Interested persons who fail to disclose conflicts of interest may be removed from the board or terminated from employment. Interested persons are required to sign a statement annually stating that they have read the policy and agree to comply with the policy. The board of trustees reviews the policy annually.

Form 990, Page 6, Part VI, Line 15A

Compensation of the executive director is determined by the board of trustees and is based upon performance evaluation and availability of funds.

Form 990, Page 6, Part VI, Line 15B

Compensation for all staff, exclusive of the executive director, is determined by the executive director on an annual basis. Increases in salary are awarded based on performance evaluations and the availability of funds to the trust.

Form 990, Page 6, Part VI, Line 19

The trust's bylaws, financial statements, and conflict of interest policy are all available from the trust upon request.

Filing and Contact Details

Filer

Filer Name
Connecticut Trust for Historic
EIN
06-0979808
Phone
2035626312
Address
940 WHITNEY AVENUE, HAMDEN, CT 06517
Doing Business As
Preservation Connecticut

Signing Officer

Name
Jane Montanaro
Title
Executive Director
Phone
2035626312
Signed
2024-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Montanaro
Formed
1975
Legal Domicile
Ct
Voting Board Members
20
Independent Board Members
20
Employees
9
Volunteers
20

Preparer

Firm
Carney Roy and Gerrol Pc
Address
35 COLD SPRING ROAD SUITE 111, ROCKY HILL, CT 06067-3161
Preparer
Thomas D Roy
Phone
8607215786
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Ct historic credit -5,002,591 loan allowance ct credit 5,002,591

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

Over the last several years, the trust has received contributions of easements on historically significant houses or buildings. These easements are recorded at their appraised values when received, if the value is determinable. The easements owned by the trust are not transferable; therefore, the value of the easement is written off during the year of receipt.

Schedule D, Page 2, Part V, Line 4

The endowment's investment objective is to preserve and enhance the endowment's total value so that distributions from the endowment can provide a reliable and growing revenue stream to support the trust's operations.

Schedule D, Page 4, Part XI, Line 4B

Ct historic credit 5,002,591

Schedule D, Page 4, Part XII, Line 4B

Loan allowance ct credit 5,002,591

Raw XML AppendixShowing 400 of 832 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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