Civic Intelligence

Historic Ithaca Inc.

990 • Fiscal year 2018 • EIN 23-7051773

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 28, 2019

212 Center StreetIthaca, NY 14850

(607) 273-6633

Siviq Scores

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

Liabilities / Assets

89th percentile

0.49x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

0.32x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

29th percentile

-5.7%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

95th percentile

$61,324

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$270,998

Down $39,775 (-13%) from 2017

Net Assets

Down

$139,173

Down $44,008 (-24%) from 2017

Liabilities

Up

$131,825

Up $4,233 (+3.3%) from 2017

Revenue

Up

$418,296

Up $46,469 (+12%) from 2017

Expenses

Up

$442,304

Up $81,899 (+23%) from 2017

Net Income

Down

-$24,008

Down $35,430 (-310%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $277,494Liabilities 2012: $136,615Net Assets 2012: $140,8792012Assets 2014: $300,045Liabilities 2014: $115,344Net Assets 2014: $184,7012014Assets 2015: $327,984Liabilities 2015: $110,006Net Assets 2015: $217,9782015Assets 2016: $304,533Liabilities 2016: $132,774Net Assets 2016: $171,7592016Assets 2017: $310,773Liabilities 2017: $127,592Net Assets 2017: $183,1812017Assets 2018: $270,998Liabilities 2018: $131,825Net Assets 2018: $139,1732018Assets 2019: $262,239Liabilities 2019: $92,495Net Assets 2019: $169,7442019Assets 2020: $454,839Liabilities 2020: $237,180Net Assets 2020: $217,6592020Assets 2021: $373,396Liabilities 2021: $152,448Net Assets 2021: $220,9482021Assets 2022: $356,701Liabilities 2022: $139,757Net Assets 2022: $216,9442022Assets 2023: $692,498Liabilities 2023: $211,077Net Assets 2023: $481,4212023Assets 2024: $556,940Liabilities 2024: $191,317Net Assets 2024: $365,6232024

Highlighted filing

2018

Assets$270,998
Liabilities$131,825
Net Assets$139,173

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $210,9812012Revenue 2014: $294,577Expenses 2014: $269,084Net Income 2014: $25,4932014Revenue 2015: $328,220Expenses 2015: $294,943Net Income 2015: $33,2772015Revenue 2016: $329,163Expenses 2016: $375,382Net Income 2016: -$46,2192016Revenue 2017: $371,827Expenses 2017: $360,405Net Income 2017: $11,4222017Revenue 2018: $418,296Expenses 2018: $442,304Net Income 2018: -$24,0082018Revenue 2019: $408,797Expenses 2019: $408,250Net Income 2019: $5472019Revenue 2020: $429,319Expenses 2020: $381,404Net Income 2020: $47,9152020Revenue 2021: $409,890Expenses 2021: $406,601Net Income 2021: $3,2892021Revenue 2022: $420,929Expenses 2022: $424,933Net Income 2022: -$4,0042022Revenue 2023: $743,150Expenses 2023: $478,673Net Income 2023: $264,4772023Revenue 2024: $404,886Expenses 2024: $520,683Net Income 2024: -$115,7972024

Highlighted filing

2018

Revenue$418,296
Expenses$442,304
Net Income-$24,008
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$440,137
Mission and Program Overview

Mission

To promote the value and enhancement of our historic buildings and neighborhoods in the city of Ithaca and Tompkins County through education advocacy and action.

To promote the value and enhancement of our historic buildings and neighborhoods in the city of ithaca and tompkins county through education, advocacy and action.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$114,492$114,951▲ $459
Inventories for Sale or Use$96,642$95,136▼ $1,506
Cash and Non-Interest-Bearing Accounts$30,861$26,592▼ $4,269
Pledges and Grants Receivable$30,798$15,703▼ $15,095
Prepaid Expenses and Deferred Charges$9,731$10,817▲ $1,086
Savings and Temporary Cash Investments$28,248$7,798▼ $20,450
Total Assets$310,773$270,998▼ $39,775
Other Assets Total$1$1→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$85,801$79,129▼ $6,672
Deferred Revenue$21,806$29,425▲ $7,619
Accounts Payable and Accrued Expenses$19,985$23,271▲ $3,286
Total Liabilities$127,592$131,825▲ $4,233
Net Assets / Fund Balance
Unrestricted Net Assets$179,431$135,423▼ $44,008
Temporarily Rstr Net Assets$3,750$3,750→ $0
Total Net Assets Fund Balance$183,181$139,173▼ $44,008
Total Liabilities and Net Assets / Fund Balance$310,773$270,998▼ $39,775

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$105,117$97,855$202,972
Equipment$5,135$50,567$55,702
Land$4,699-$4,699
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan HollandExecutive DiFT$61,324$61,324

Board Members and Trustees

NameTitle
Dennis SteinPresident
Andrew RappaportDirector
Charles PomadaDirector
Claudia AyersDirector
Kati SmithDirector
Maya GasukDirector
Rod HoweDirector
Susan Attwood KramerDirector
Nancy MedskerSecretary
Ethan MancilTreasurer
Dan HoffmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$277,019
Program Service Revenue
$17,308
Investment Income
$24
Other Revenue
$123,945
All Other Contributions
$161,724
Change in Net Assets
$-24,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$329,068
Other Expenses$113,236
Total Fundraising Expense$21,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$197,354$20,472$11,020$228,846
Current Officers, Directors, Trustees, and Key Employees$52,884$5,487$2,953$61,324
Payroll Taxes$18,634$1,957$982$21,573
Advertising$16,993$1,435-$18,428
Other Employee Benefits$11,753$5,528$44$17,325
Fees for Services Other$12,395$1,585$432$14,412
Conferences and Meetings$12,968$270$415$13,653
Insurance$10,668$1,263$331$12,262
Occupancy$9,761$1,152$223$11,136
Depreciation Depletion$8,672$1,109$303$10,084
Office Expenses$3,288$1,156$3,383$7,827
Interest$5,795--$5,795
Other Expenses$2,652$306$40$2,958
All Other Expenses$1,016$1,931-$2,947
Total Functional Expenses$377,090$43,965$21,249$442,304
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

A copy of the form 990 was provided to and reviewed by the organization's board prior to filing.

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

All board of trustee members annually sign the conflict of interest policy. The board chair reviews the policies and may elect to hold the information on file, inform the board of trustees of the possible conflict, require the trustee to stop the activity, or ask the trustee to step down from the board.

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

The executive director's salary is determined as part of the budget process and is subject to approval by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and financial information are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Historic Ithaca Inc
EIN
23-7051773
Phone
6072736633
Address
212 CENTER STREET, ITHACA, NY 14850

Signing Officer

Name
Susan Holland
Title
Executive Director
Phone
6072736633
Signed
2019-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Holland
Formed
1966
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
50

Preparer

Firm
CUDDY & WARD LLP CPA'S
Address
110 GENESEE ST STE 230, AUBURN, NY 13021
Preparer
Richard D Ward CPA
Phone
3152538424
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Help with the special events and programming.

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IRS990/OtherExpensesGrp/Desc1EQUIPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc2PRODUCTION EXPENSES
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt01086
IRS990/OtherExpensesGrp/FundraisingAmt137
IRS990/OtherExpensesGrp/FundraisingAmt240
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2101
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3306
IRS990/OtherExpensesGrp/ProgramServicesAmt03472
IRS990/OtherExpensesGrp/ProgramServicesAmt14575
IRS990/OtherExpensesGrp/ProgramServicesAmt24210
IRS990/OtherExpensesGrp/ProgramServicesAmt32652
IRS990/OtherExpensesGrp/TotalAmt04756
IRS990/OtherExpensesGrp/TotalAmt14627
IRS990/OtherExpensesGrp/TotalAmt24351
IRS990/OtherExpensesGrp/TotalAmt32958
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011020
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020472
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0197354
IRS990/OtherSalariesAndWagesGrp/TotalAmt0228846
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0982
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01957
IRS990/PayrollTaxesGrp/ProgramServicesAmt018634
IRS990/PayrollTaxesGrp/TotalAmt021573
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030798
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015703
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09731
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010817
IRS990/PrincipalOfficerNm0SUSAN HOLLAND
IRS990/PriorPeriodAdjustmentsAmt0-20000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PRESERVATION SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017308
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SIGNIFICANT ELEMENTS ARCHITECTURAL SALVAGE STORE: SELLS DONATED, RECYCLED AND HISTORIC BUILDING MATERIALS AND HOME FURNISHINGS, DIVERTING MATERIALS FROM THE WASTE STREAM; PROMOTES THE PROPER CARE AND MAINTENANCE OF THE HISTORIC BUILDING FABRIC; AND SERVES AS THE VENUE FOR WORK PRESERVE JOB READINESS TRAINING ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt077970
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0145786
IRS990/ProgSrvcAccomActy3Grp/Desc0THE WORK PRESERVE PROVIDES JOB READINESS TRAINING TO YOUTH AND ADULTS WITH BARRIERS TO EMPLOYMENT. PARTICIPANTS BUILD CRITICAL TRANSFERABLE JJOB SKILLS BY TAKING PART IN SIGNIFICANT ELEMENTS RETAIL OPERATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0134876
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0230340
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0125
IRS990/PYOtherExpensesAmt099003
IRS990/PYOtherRevenueAmt0129479
IRS990/PYProgramServiceRevenueAmt011883
IRS990/PYRevenuesLessExpensesAmt011422
IRS990/PYSalariesCompEmpBnftPaidAmt0261402
IRS990/PYTotalExpensesAmt0360405
IRS990/PYTotalRevenueAmt0371827
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-24008
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt017308
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028248
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07798
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt04240
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt03420
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt03077
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt010737
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0277019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0230340
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0195248
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0201630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0170382
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01074619
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0125
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0163094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0155850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0143915
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0154624
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0160471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0777954
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt07311
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt07991
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt015302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0186
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99420
IRS990ScheduleA/PublicSupportPY509Pct00.99160
IRS990ScheduleA/PublicSupportTotal509Amt01857138
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt04240
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt03420
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt03077
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt010737
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0440113
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0393501
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0347154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0356254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0330853
IRS990ScheduleA/Total509Grp/TotalAmt01867875
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0440137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0393626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0347174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0356262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0330862
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01868061
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0105117
IRS990ScheduleD/BuildingsGrp/DepreciationAmt097855
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0202972
IRS990ScheduleD/EquipmentGrp/BookValueAmt05135
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050567
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055702
IRS990ScheduleD/HistoricStructureEasementsCnt01
IRS990ScheduleD/HistoricStructureInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04699
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04699
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0114951
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CHARLES POMADASIGNIFICANT ELEMENTS

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