Civic Intelligence

Kentucky Mansions Preservation Foundation Inc.

990 • Fiscal year 2017 • EIN 23-7002838

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 05, 2018

PO Box 132Lexington, KY 40588

(859) 233-9999

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

37th percentile

-0.6%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$54,752

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

38th percentile

-0.0%

Faster asset growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,713,978

Down $477 (-0.0%) from 2016

Net Assets

Down

$4,709,537

Down $1,634 (-0.0%) from 2016

Liabilities

Up

$4,441

Up $1,157 (+35%) from 2016

Revenue

Up

$281,648

Up $29,776 (+12%) from 2016

Expenses

Up

$283,282

Up $24,132 (+9.3%) from 2016

Net Income

Up

-$1,634

Up $5,644 (+78%) from 2016

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 2015: $4,681,934Liabilities 2015: $1,253Net Assets 2015: $4,680,6812015Assets 2016: $4,714,455Liabilities 2016: $3,284Net Assets 2016: $4,711,1712016Assets 2017: $4,713,978Liabilities 2017: $4,441Net Assets 2017: $4,709,5372017Assets 2018: $4,663,503Liabilities 2018: $6,406Net Assets 2018: $4,657,0972018Assets 2019: $4,424,486Liabilities 2019: $6,562Net Assets 2019: $4,417,9242019Assets 2020: $4,425,883Liabilities 2020: $52,118Net Assets 2020: $4,373,7652020Assets 2021: $4,572,967Liabilities 2021: $40,362Net Assets 2021: $4,532,6052021Assets 2022: $4,494,431Liabilities 2022: $5,053Net Assets 2022: $4,489,3782022Assets 2023: $4,085,288Liabilities 2023: $7,581Net Assets 2023: $4,077,7072023Assets 2024: $4,267,756Liabilities 2024: $3,137Net Assets 2024: $4,264,6192024Assets 2025: $4,567,946Liabilities 2025: $6,160Net Assets 2025: $4,561,7862025

Highlighted filing

2017

Assets$4,713,978
Liabilities$4,441
Net Assets$4,709,537

Operations Trend

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

$500K$0-$500KRevenue 2015: $258,703Expenses 2015: $204,324Net Income 2015: $54,3792015Revenue 2016: $251,872Expenses 2016: $259,150Net Income 2016: -$7,2782016Revenue 2017: $281,648Expenses 2017: $283,282Net Income 2017: -$1,6342017Revenue 2018: $292,303Expenses 2018: $309,160Net Income 2018: -$16,8572018Revenue 2019: -$6,497Expenses 2019: $299,586Net Income 2019: -$306,0832019Revenue 2020: $315,159Expenses 2020: $363,296Net Income 2020: -$48,1372020Revenue 2021: $385,107Expenses 2021: $308,292Net Income 2021: $76,8152021Revenue 2022: $396,338Expenses 2022: $355,481Net Income 2022: $40,8572022Revenue 2023: -$75,088Expenses 2023: $387,111Net Income 2023: -$462,1992023Revenue 2024: $412,342Expenses 2024: $405,623Net Income 2024: $6,7192024Revenue 2025: $456,343Expenses 2025: $390,225Net Income 2025: $66,1182025

Highlighted filing

2017

Revenue$281,648
Expenses$283,282
Net Income-$1,634
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 5, 2018
Return Version
2016v3.0
Gross Receipts
$445,857
Mission and Program Overview

Mission

To recognize and assist in reuse, renovation, and preservation efforts for historic structures and sites throughout kentucky, to provide educational opportunities on preservation and kentucky history and to provide management, maintenance support for the mary todd lincoln house in lexington, kentucky

To recognize and assist in rescue, renovation, and preservation efforts for historic structures and sites throughout KY, to provide educational opportunities on preservation and KY history and to provide management, maintenance support for the Mary Todd Lincoln House in Lexington, KY.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,052,932$4,052,932→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$4,035,099$4,032,521▼ $2,578
Rtn Earn Endowment Incm Other Fnds$676,072$677,016▲ $944
Investments in Publicly Traded Securities$519,619$533,602▲ $13,983
Savings and Temporary Cash Investments$129,182$115,333▼ $13,849
Inventories for Sale or Use$12,076$11,265▼ $811
Cash and Non-Interest-Bearing Accounts$646$846▲ $200
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,714,455$4,713,978▼ $477
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,284$4,441▲ $1,157
Total Liabilities$3,284$4,441▲ $1,157
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,711,171$4,709,537▼ $1,634
Total Liabilities and Net Assets / Fund Balance$4,714,455$4,713,978▼ $477

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,207,900-$2,207,900
Other Land Buildings$949,232-$949,232
Land$841,743-$841,743
Leasehold Improvements$44,000-$44,000
Equipment$10,057-$10,057
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gwen ThompsonExecutive DirectorFT$54,752$54,752

Board Members and Trustees

NameTitle
Rob MagrishChairman
Bill HowellChairman Elect
Dee Dee MoranImd. Past Chair
Priscilla LyndMember Chair
Ann Bretz BooneDirector
Ann Todd DupreeDirector
Bill FarmerDirector
Brady W DunniganDirector
Dan GravesDirector
James C KlotterDirector
John D DavisDirector
Kent WhitworthDirector
Melissa A McEuenDirector
Trina SheetsDirector
Trudy BurkhardSecretary
Wade LittrellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$44,437
Program Service Revenue
$148,021
Investment Income
$16,576
Other Revenue
$72,614
All Other Contributions
$33,387
Change in Net Assets
$-1,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$152,835
Other Expenses$130,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,206--$87,206
Current Officers, Directors, Trustees, and Key Employees-$54,752-$54,752
Insurance$14,105$11,852-$25,957
Payroll Taxes$5,901$4,959-$10,860
All Other Expenses$5,361$4,504-$9,865
Fees for Services Accounting$3,697$3,106-$6,803
Advertising-$4,781-$4,781
Information Technology$2,271$1,909-$4,180
Travel$2,163$1,818-$3,981
Other Expenses$2,154$1,810-$3,964
Office Expenses$2,029$1,704-$3,733
Fees for Services Management$1,588$1,334-$2,922
Fees for Service Investment Mgmnt Fees-$2,575-$2,575
Conferences and Meetings$1,329$1,116-$2,445
Fees for Services Other$768$644-$1,412
Other Employee Benefits$9$8-$17
Fees for Services Legal-$15-$15
Total Functional Expenses$159,997$123,285$0$283,282
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The members of the Foundation shall consist of those individuals who have contributed an annual membership fee as shall be determined from time to time by the Executive Board. However, for the purpose of conducting the business of the Foundation, a quorum shall consist of those individuals who hold Voting Member of Corporate Member classification.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

At every meeting of members, each voting or corporate member shall be entitled to vote in person or by proxy duly appointed by instrument in writing which is subscribed by such member and which bears a date not more than ten days prior to such meeting. Each voting or corporate member of the Foundation shall be entitled to one vote. All elections shall be had and all questions settled and decided by a majority vote of the persons present or by proxy. The votes in person are recorded via acclamation and recorded in the meeting minutes. If votes are submitted via proxy, these ballots are kept on file in the office.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

There is one key employee, the Executive Director. The compensation of the Executive Director is determined by the Board of Directors of KMPF, Inc. and reviewed during the review of the proposed budget at the start of each fiscal year.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies of governing documents and financials are kept on file at the offices of KMPF. The general public may view these documents by request, either in person or via mail.

Filing and Contact Details

Filer

Filer Name
Kentucky Mansions Preservation
EIN
23-7002838
Phone
8592339999
Address
PO Box 132, Lexington, KY 40588

Signing Officer

Name
Gwen Thompson
Title
Executive Director
Signed
2018-03-05
Discuss with paid preparer
Yes

Organization Details

Formed
1968
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
0
Employees
11

Preparer

Firm
Welch & Company CPAs PSC
Address
101 A Wind Haven Drive Suite 101, Nicholasville, KY 40356-8010
Preparer
Stephanie Welch
Phone
8592248909
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

In keeping with the mission of KY Mansions Preservation Foundation (KMPF), the parent organization of the Mary Todd Lincoln House (MTLH), to preserve historic resources and educate the general public the MTLH collects only those objects (books, manuscripts, ad other artifacts) associated with Mary Todd Lincoln and her girlhood home. These objects linked to the Lincoln and Todd families, objects appropriate to the period of the Todd's residence, and objects closely associated with the history of the structure from its construction (1803-1806) to present. These objects must be historical, cultural, or aesthetic in nature and KMPF must have full ownership and care for these artifacts using museum/archival standards.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

In keeping with the mission of KY Mansions Preservation Foundation (KMPF), the parent organization of the Mary Todd Lincoln House (MTLH), to preserve historic resources and educate the general public the MTLH collects only those objects (books, manuscripts, ad other artifacts) associated with Mary Todd Lincoln and her girlhood home. These objects linked to the Lincoln and Todd families, objects appropriate to the period of the Todd's residence, and objects closely associated with the history of the structure from its construction (1803-1806) to present. These objects must be historical, cultural, or aesthetic in nature and KMPF must have full ownership and care for these artifacts using museum/archival standards.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Imd. Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
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