Civic Intelligence

Springfield Preservation Trust

EIN 23-7309820 • 501(c)3 • Springfield, MA

Profile

The mission of the organization is to preserve and protect properties in springfield, massachusetts which have architectural, historic, educational, or general cultural significance for public edification and enjoyment.

74 Walnut StreetSpringfield, MA 01105

www.springfieldpreservationtrust.org

Siviq Scores

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

Liabilities / Assets

88th percentile

0.46x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.60x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

152%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

128%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$350,517

Up $211,331 (+152%) from 2022

Liabilities

Up

$160,421

Up $159,822 (+26681%) from 2022

Net Assets

Up

$190,096

Up $51,509 (+37%) from 2022

Revenue

Up

$100,021

Up $56,174 (+128%) from 2022

Expenses

Up

$48,513

Up $6,558 (+16%) from 2022

Net Income

Up

$51,508

Up $49,616 (+2622%) from 2022

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $369,583Liabilities 2014: $4,500Net Assets 2014: $365,0832014Assets 2015: $63,796Net Assets 2015: $63,7962015Assets 2017: $80,979Net Assets 2017: $80,9792017Assets 2018: $99,865Liabilities 2018: $145Net Assets 2018: $99,7202018Assets 2019: $119,677Net Assets 2019: $119,6772019Assets 2020: $128,362Net Assets 2020: $128,3622020Assets 2022: $139,186Liabilities 2022: $599Net Assets 2022: $138,5872022Assets 2023: $350,517Liabilities 2023: $160,421Net Assets 2023: $190,0962023

Highlighted filing

2023

Assets$350,517
Liabilities$160,421
Net Assets$190,096

Operations Trend

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

$200K$0-$200K-$400KRevenue 2014: $63,323Expenses 2014: $39,196Net Income 2014: $24,1272014Revenue 2015: -$278,805Expenses 2015: $22,480Net Income 2015: -$301,2852015Revenue 2017: $23,489Expenses 2017: $15,618Net Income 2017: $7,8712017Revenue 2018: $35,936Expenses 2018: $17,195Net Income 2018: $18,7412018Revenue 2019: $40,037Expenses 2019: $20,080Net Income 2019: $19,9572019Revenue 2020: $34,290Expenses 2020: $25,607Net Income 2020: $8,6832020Revenue 2022: $43,847Expenses 2022: $41,955Net Income 2022: $1,8922022Revenue 2023: $100,021Expenses 2023: $48,513Net Income 2023: $51,5082023

Highlighted filing

2023

Revenue$100,021
Expenses$48,513
Net Income$51,508

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$100,021
Mission and Program Overview

Mission

The mission of the organization is to preserve and protect properties in springfield, massachusetts which have architectural, historic, educational, or general cultural significance for public edification and enjoyment.

Program Services

DescriptionGrantsExpenses
QUARTERLY NEWSLETTERS AND WEBSITE - UPDATES MEMBERS OF THE ACTIVITIES OF THE ORGANIZATION. UPCOMING EVENTS, DESCRIPTIONS OF PAST EVENTS, PRESERVATION ADVOCACY UPDATES, BUILDING PRESERVATION AND SPRINGFIELD HISTORY ARE SOME OF THE MOST COMMON TOPICS. ANNUAL MEETING AS WELL AS OTHER EVENTS ARE PLANNED AND CONDUCTED TO HELP PROMOTE THE PRESERVATION OF HISTORICAL SITES THROUGH OUT SPRINGFIELD, MA.-$17,942
HISTORIC HOUSE TOURS - HISTORIC ASSETS OF SPRINGFIELD ARE SHOWCASED WHEN HOMEOWNERS OPEN THEIR HOMES AND HELP BRING APPRECIATION AND EDUCATION TO THE PUBLIC ABOUT HISTORIC PRESERVATION.-$1,425
ANNUAL AWARDS - THE PRESERVATION AWARDS HONOR THE PEOPLE AND ORGANIZATIONS THAT HELP RESTORE HISTORIC STRUCTURES IN SPRINGFIELD, MASSACHUSETTS. EVERY YEAR THE ORGANIZATION SHOWCASES EXEMPLARY PROPERTIES THAT REPRESENT THE BEST PRESERVATION IN SPRINGFIELD OVER THE PREVIOUS YEAR.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERICA SWALLOWPresidentPT$0--
JAMES JOHNSONVice Preside-$0--
MARILYN SUTINTreasurerPT$0--
MICHAEL STEVENSClerk-$0--
ROBERT LOUDERDirector-$0--
THOMAS O'NEILDirector-$0--
JESSE LEDERMANDirector-$0--
ROBERT MCCARROLLDirector-$0--
STEPHEN DAVISDirector-$0--
TONYA MCFALLDirector-$0--
ROBERTA KILKENNYDirector-$0--
JENNIFER RAODirector-$0--
MELVIN EDWARDSDirector-$0--
BRYAN MCFARLANDDirector-$0--
NELS FRYEDirector-$0--
DEREK STRAHANDirector-$0--
JIM BOONEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Springfield Preservation Trust
EIN
23-7309820
Phone
4137470656
Address
74 WALNUT STREET, SPRINGFIELD, MA 01105

Signing Officer

Name
Erica Swallow
Title
President
Phone
4137363461
Signed
2023-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Burgess Robb & Grassetti Pc
Address
2 CENTER SQUARE, EAST LONGMEADOW, MA 01028
Preparer
N Andrew Robb
Phone
4135250025
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 389 office expenses 292 bank and credit card fees 260 telephone 1,868 dues & subscriptions 465 web hosting 2,202 insurance 3,340 annual filing fees 19 event expenses 1,425 miscellaneous 1,428 total 11,688

Form 990-ez, Part II, Line 24

Inventory - 7-9 stockbridge 0 6,723 total 0 6,723

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 598 421 unsecured notes and loans payable 0 160,000

Form 990-ez, Part III

The mission of the organization is to preserve and protect properties in springfield, massachusetts which have architectural, historic, educational, or general cultural significance for public edification and enjoyment.

Form 990-ez, Part III, Line 28

Annual awards - the preservation awards honor the people and organizations that help restore historic structures in springfield, massachusetts. Every year the organization showcases exemplary properties that represent the best preservation in springfield over the previous year.

Form 990-ez, Part III, Line 31

Quarterly newsletters and website - updates members of the activities of the organization. Upcoming events, descriptions of past events, preservation advocacy updates, building preservation and springfield history are some of the most common topics. Annual meeting as well as other events are planned and conducted to help promote the preservation of historical sites through out springfield, ma.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 389 OFFICE EXPENSES 292 BANK AND CREDIT CARD FEES 260 TELEPHONE 1,868 DUES & SUBSCRIPTIONS 465 WEB HOSTING 2,202 INSURANCE 3,340 ANNUAL FILING FEES 19 EVENT EXPENSES 1,425 MISCELLANEOUS 1,428 TOTAL 11,688
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORY - 7-9 STOCKBRIDGE 0 6,723 TOTAL 0 6,723
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 598 421 UNSECURED NOTES AND LOANS PAYABLE 0 160,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MISSION OF THE ORGANIZATION IS TO PRESERVE AND PROTECT PROPERTIES IN SPRINGFIELD, MASSACHUSETTS WHICH HAVE ARCHITECTURAL, HISTORIC, EDUCATIONAL, OR GENERAL CULTURAL SIGNIFICANCE FOR PUBLIC EDIFICATION AND ENJOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL AWARDS - THE PRESERVATION AWARDS HONOR THE PEOPLE AND ORGANIZATIONS THAT HELP RESTORE HISTORIC STRUCTURES IN SPRINGFIELD, MASSACHUSETTS. EVERY YEAR THE ORGANIZATION SHOWCASES EXEMPLARY PROPERTIES THAT REPRESENT THE BEST PRESERVATION IN SPRINGFIELD OVER THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5QUARTERLY NEWSLETTERS AND WEBSITE - UPDATES MEMBERS OF THE ACTIVITIES OF THE ORGANIZATION. UPCOMING EVENTS, DESCRIPTIONS OF PAST EVENTS, PRESERVATION ADVOCACY UPDATES, BUILDING PRESERVATION AND SPRINGFIELD HISTORY ARE SOME OF THE MOST COMMON TOPICS. ANNUAL MEETING AS WELL AS OTHER EVENTS ARE PLANNED AND CONDUCTED TO HELP PROMOTE THE PRESERVATION OF HISTORICAL SITES THROUGH OUT SPRINGFIELD, MA.
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DEREK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STRAHAN
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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