Civic Intelligence

Main Street Gloucester Preservation Trust

990 • Fiscal year 2013 • EIN 20-2744649

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 27, 2014

PO Box 224023061

(804) 824-9401

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Net Margin

65th percentile

15%

Higher net margin than 65% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

79th percentile

$63,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2013

Asset Growth

44th percentile

0.8%

Faster asset growth than 44% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

12th percentile

-16%

Faster revenue growth than 12% of similar nonprofits.

2013 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Assets

Up

$4,434,388

Up $35,739 (+0.8%) from 2012

Net Assets

Up

$4,434,388

Up $58,029 (+1.3%) from 2012

Liabilities

Down

$0

Down $22,290 (-100%) from 2012

Revenue

Down

$382,609

Down $70,979 (-16%) from 2012

Expenses

Up

$324,580

Up $72,953 (+29%) from 2012

Net Income

Down

$58,029

Down $143,932 (-71%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,068,440Liabilities 2010: $15,027Net Assets 2010: $4,053,4132010Assets 2011: $4,191,743Liabilities 2011: $17,345Net Assets 2011: $4,174,3982011Assets 2012: $4,398,649Liabilities 2012: $22,290Net Assets 2012: $4,376,3592012Assets 2013: $4,434,388Liabilities 2013: $0Net Assets 2013: $4,434,3882013Assets 2014: $4,214,859Liabilities 2014: $0Net Assets 2014: $4,214,8592014Assets 2015: $4,127,124Liabilities 2015: $0Net Assets 2015: $4,127,1242015Assets 2016: $4,295,249Liabilities 2016: $28,204Net Assets 2016: $4,267,0452016Assets 2017: $4,218,559Liabilities 2017: $27,785Net Assets 2017: $4,190,7742017Assets 2018: $4,260,596Liabilities 2018: $28,580Net Assets 2018: $4,232,0162018Assets 2019: $4,096,190Liabilities 2019: $28,580Net Assets 2019: $4,067,6102019Assets 2020: $4,272,456Liabilities 2020: $35,804Net Assets 2020: $4,236,6522020Assets 2021: $4,544,750Liabilities 2021: $50,835Net Assets 2021: $4,493,9152021Assets 2022: $4,282,338Liabilities 2022: $83,880Net Assets 2022: $4,198,4582022Assets 2023: $3,929,750Liabilities 2023: $5,861Net Assets 2023: $3,923,8892023Assets 2024: $3,897,979Liabilities 2024: $2,319Net Assets 2024: $3,895,6602024

Highlighted filing

2013

Assets$4,434,388
Liabilities$0
Net Assets$4,434,388

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $258,7262010Expenses 2011: $214,3452011Revenue 2012: $453,588Expenses 2012: $251,627Net Income 2012: $201,9612012Revenue 2013: $382,609Expenses 2013: $324,580Net Income 2013: $58,0292013Revenue 2014: $265,800Expenses 2014: $485,329Net Income 2014: -$219,5292014Revenue 2015: $431,257Expenses 2015: $518,992Net Income 2015: -$87,7352015Revenue 2016: $516,042Expenses 2016: $376,121Net Income 2016: $139,9212016Revenue 2017: $338,203Expenses 2017: $414,474Net Income 2017: -$76,2712017Revenue 2018: $348,080Expenses 2018: $306,838Net Income 2018: $41,2422018Revenue 2019: $206,129Expenses 2019: $370,535Net Income 2019: -$164,4062019Revenue 2020: $831,597Expenses 2020: $662,555Net Income 2020: $169,0422020Revenue 2021: $669,746Expenses 2021: $412,483Net Income 2021: $257,2632021Revenue 2022: $289,869Expenses 2022: $585,326Net Income 2022: -$295,4572022Revenue 2023: $51,476Expenses 2023: $326,045Net Income 2023: -$274,5692023Revenue 2024: $343,631Expenses 2024: $371,860Net Income 2024: -$28,2292024

Highlighted filing

2013

Revenue$382,609
Expenses$324,580
Net Income$58,029
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 27, 2014
Return Version
2013v3.0
Gross Receipts
$824,719
Mission and Program Overview

Mission

The main street gloucester preservation trust is a charitable trust established february 1, 2005 for the purpose of maintaining, and preserving main street center for the benefit of the community of gloucester, virginia. The trust's specific purposes include (a) maintaining and improving the land and structures comprising main street center, (b) enhancing the business and economic environment of main street in gloucester, virginia, (c) preserving historical landmarks in the gloucester courthouse area, (d) promoting civic and cultural activities in gloucester county, va and (e) other purposes necessary or advisable to carry out the general purposes of attracting new and additional business to main street gloucester, virginia and preserving main street center.

To enhance business development in downtown gloucester, va.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,376,359$4,434,388▲ $58,029
Land, Buildings, and Equipment, Net$3,645,830$3,576,918▼ $68,912
Cash and Non-Interest-Bearing Accounts$730,529$857,470▲ $126,941
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Total Assets$4,398,649$4,434,388▲ $35,739
Other Assets Total$22,290$0▼ $22,290
Liabilities
Other Liabilities$22,290$0▼ $22,290
Total Liabilities$22,290$0▼ $22,290
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,376,359$4,434,388▲ $58,029
Total Liabilities and Net Assets / Fund Balance$4,398,649$4,434,388▲ $35,739

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,731,300$919,784-
Other Land Buildings$283,061$1,232,555-
Land$562,557--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jenny CrittendenExecutive DirectorFT$63,000$63,000

Board Members and Trustees

NameTitle
Adrianne Ryder-cookBoard Member
Alan DiamonsteinBoard Member
Aubrey L Layne JrBoard Member
Breck InglesBoard Member
James DudleyBoard Member
Jeffrey H SmithBoard Member
Joe FaryBoard Member
Louise ThebergeBoard Member
Ralph JacksonBoard Member
Robert HattenBoard Member
Theresa StavensBoard Member
William WalkerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$382,609
Change in Net Assets
$58,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,958
Salaries, Compensation, and Employee Benefits$72,286
Grants and Similar Amounts Paid$62,336
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$99,584--$99,584
Fees for Services Other$73,698--$73,698
Current Officers, Directors, Trustees, and Key Employees$63,000--$63,000
Grants to Domestic Orgs$62,336--$62,336
Fees for Services Accounting$8,738--$8,738
Other Employee Benefits$5,700--$5,700
Office Expenses$3,861--$3,861
Payroll Taxes$3,586--$3,586
Fees for Services Management$2,650--$2,650
Travel$1,427--$1,427
Total Functional Expenses$324,580$0$0$324,580
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
--501(c)(6)Support Downtown Gloucester$42,252
--501(c)(6)Provides Benefits to Either the Gloucester or Mathews County, Va Community.$13,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

N/A

Form 990, Part VI, Section C, Line 19

Corporate office documents available upon request

Filing and Contact Details

Filer

EIN
20-2744649
Phone
8048249401

Signing Officer

Name
Breck Ingles
Title
Chairman
Phone
8048249401
Signed
2014-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Breck Ingles
Formed
2005
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
0

Preparer

Preparer
Shirley C Baldwin
Phone
7576254700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll, design & consulting: program service expenses 73,698. Management and general expenses 0. Fundraising expenses 0. Total expenses 73,698.

Raw XML Appendix372 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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IRS990/MissionDesc0THE MAIN STREET GLOUCESTER PRESERVATION TRUST IS A CHARITABLE TRUST ESTABLISHED FEBRUARY 1, 2005 FOR THE PURPOSE OF MAINTAINING, AND PRESERVING MAIN STREET CENTER FOR THE BENEFIT OF THE COMMUNITY OF GLOUCESTER, VIRGINIA. THE TRUST'S SPECIFIC PURPOSES INCLUDE (A) MAINTAINING AND IMPROVING THE LAND AND STRUCTURES COMPRISING MAIN STREET CENTER, (B) ENHANCING THE BUSINESS AND ECONOMIC ENVIRONMENT OF MAIN STREET IN GLOUCESTER, VIRGINIA, (C) PRESERVING HISTORICAL LANDMARKS IN THE GLOUCESTER COURTHOUSE AREA, (D) PROMOTING CIVIC AND CULTURAL ACTIVITIES IN GLOUCESTER COUNTY, VA AND (E) OTHER PURPOSES NECESSARY OR ADVISABLE TO CARRY OUT THE GENERAL PURPOSES OF ATTRACTING NEW AND ADDITIONAL BUSINESS TO MAIN STREET GLOUCESTER, VIRGINIA AND PRESERVING MAIN STREET CENTER.
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04434388
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02731300
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0919784
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03651084
IRS990ScheduleD/LandGrp/BookValueAmt0562557
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0562557
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0283061
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01232555
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01515616
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03576918
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt042252
IRS990ScheduleI/RecipientTable/CashGrantAmt113000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(6)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT DOWNTOWN GLOUCESTER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROVIDES BENEFITS TO EITHER THE GLOUCESTER OR MATHEWS COUNTY, VA COMMUNITY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10GLOUCESTER MAIN STREET ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11THE COOK FOUNDATION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine106894 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11PO BOX 1383
IRS990ScheduleI/RecipientTable/USAddress/City0GLOUCESTER
IRS990ScheduleI/RecipientTable/USAddress/City1GLOUCESTER
IRS990ScheduleI/RecipientTable/USAddress/State0VA
IRS990ScheduleI/RecipientTable/USAddress/State1VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode023061
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode123061
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MAIN STREET GLOUCESTER PRESERVATION TRUST PROVIDES FUNDS TO THE MAIN STREET GLOUCESTER ASSOCIATION WHICH IS A LOCAL BUSINESS ASSOCIATION THAT SUPPORTS THE MISSION OF THE TRUST FOR SPECIFIC PROGRAMS DURING THE CALENDAR YEAR. JOINT PROJECTS INCLUDE LAMP POST BEAUTIFICATION ON MAIN STREET, CHALK FEST, CHRISTMAS BUSINESS OPEN HOUSE AND COMMUNITY TREE LIGHTING, VIRGINIA SYMPHONY UNDER THE STARS. THE ASSOCIATION PROVIDES RECORDS TO THE TRUST FOR ITS EXPENDITURES OF TRUST MONIES. THEY HAVE ALSO PROVIDED FUNDS TO SUPPORT THE COOK FOUNDATION WHICH PROVIDES BENEFITS TO THE GLOUCESTER AND MATHEWS COUNTY REGIONS OF VIRGINIA.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I PART II
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CORPORATE OFFICE DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL, DESIGN & CONSULTING: PROGRAM SERVICE EXPENSES 73,698. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,698.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04398649
IRS990/TotalAssetsEOYAmt04434388
IRS990/TotalAssetsGrp/BOYAmt04398649
IRS990/TotalAssetsGrp/EOYAmt04434388
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0324580
IRS990/TotalFunctionalExpensesGrp/TotalAmt0324580
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022290
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt022290
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04376359
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04434388
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0324580
IRS990/TotalReportableCompFromOrgAmt063000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0382609
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0382609
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04398649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04434388
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01427
IRS990/TravelGrp/TotalAmt01427
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 708
IRS990/USAddress/City0GLOUCESTER
IRS990/USAddress/State0VA
IRS990/USAddress/ZIPCode023061
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRECK INGLES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08048249401
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine10MAIN STREET GLOUCESTER PRESERVATION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0202744649
ReturnHeader/Filer/PhoneNum08048249401
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 2240
ReturnHeader/Filer/USAddress/City0GLOUCESTER
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode023061
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541517420
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WALL EINHORN & CHERNITZER PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10555 E MAIN ST SUITE 1600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NORFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode023510
ReturnHeader/PreparerPersonGrp/PhoneNum07576254700
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHIRLEY C BALDWIN
ReturnHeader/ReturnTs02014-11-07T10:15:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.90$0.00$3.90$0.34$0.37$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.93$0.01$3.92$0.05$0.33$0.27
2022Detailed filing. Detailed filing data is available for this year.$4.28$0.08$4.20$0.29$0.59$0.30
2021Detailed filing. Detailed filing data is available for this year.$4.54$0.05$4.49$0.67$0.41$0.26
2020Detailed filing. Detailed filing data is available for this year.$4.27$0.04$4.24$0.83$0.66$0.17
2019Detailed filing. Detailed filing data is available for this year.$4.10$0.03$4.07$0.21$0.37$0.16
2018Detailed filing. Detailed filing data is available for this year.$4.26$0.03$4.23$0.35$0.31$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.22$0.03$4.19$0.34$0.41$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.30$0.03$4.27$0.52$0.38$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.13$0.00$4.13$0.43$0.52$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.27$0.49$0.22
2013Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$0.38$0.32$0.06
2012Summary only. Only limited summary data is available for this year.$4.40$0.02$4.38$0.45$0.25$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.02$4.17$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.02$4.05$0.26
Peer Organizations

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