Civic Intelligence

Springfield Preservation Trust Inc

990EZ • Fiscal year 2024 • EIN 23-7309820

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 14, 2024

74 Walnut StreetSpringfield, MA 01105

(413) 747-0656

Siviq Scores

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

Liabilities / Assets

87th percentile

0.34x

Higher debt load relative to assets than 87% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

1.13x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

87th percentile

39%

Higher net margin than 87% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

0.6%

Faster asset growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

6.7%

Faster revenue growth than 55% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$352,626

Up $2,109 (+0.6%) from 2023

Net Assets

Up

$232,047

Up $41,951 (+22%) from 2023

Liabilities

Down

$120,579

Down $39,842 (-25%) from 2023

Revenue

Up

$106,752

Up $6,731 (+6.7%) from 2023

Expenses

Up

$64,801

Up $16,288 (+34%) from 2023

Net Income

Down

$41,951

Down $9,557 (-19%) from 2023

Historical Trend

Balance Sheet Trend

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

$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: $190,0962023Assets 2024: $352,626Liabilities 2024: $120,579Net Assets 2024: $232,0472024

Highlighted filing

2024

Assets$352,626
Liabilities$120,579
Net Assets$232,047

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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: $51,5082023Revenue 2024: $106,752Expenses 2024: $64,801Net Income 2024: $41,9512024

Highlighted filing

2024

Revenue$106,752
Expenses$64,801
Net Income$41,951
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 14, 2024
Return Version
2023v6.0
Gross Receipts
$106,752
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.-$27,623
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.-$6,511
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--
HOPE LEWISTreasurerPT$0--
MICHAEL STEVENSSecretary-$0--
MARILYN SUTINDirector-$0--
ROBERT LOUDERDirector-$0--
THOMAS O'NEILDirectorPT$0--
ROBERT MCCARROLLDirector-$0--
STEPHEN DAVISDirector-$0--
TONYA MCFALLDirector-$0--
JENNIFER RAODirector-$0--
MELVIN EDWARDSDirector-$0--
NELS FRYEDirector-$0--
DEREK STRAHANDirector-$0--
JIM BOONEDirector-$0--
WALTER KROLLDirector-$0--
FRED LEWISDirector-$0--
PAUL MEAGHERDirector-$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
2024-02-14
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 office expenses 170 bank and credit card fees 761 telephone 2,265 plaques for awards 243 dues & subscriptions 1,791 web hosting 644 insurance 2,103 annual filing fees 85 event expenses 6,511 miscellaneous 550 total 15,123

Form 990-ez, Part II, Line 24

Inventory - 7-9 stockbridge 6,723 33,273 total 6,723 33,273

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 421 579 unsecured notes and loans payable 160,000 120,000

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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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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ANNUAL 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSES 170 BANK AND CREDIT CARD FEES 761 TELEPHONE 2,265 PLAQUES FOR AWARDS 243 DUES & SUBSCRIPTIONS 1,791 WEB HOSTING 644 INSURANCE 2,103 ANNUAL FILING FEES 85 EVENT EXPENSES 6,511 MISCELLANEOUS 550 TOTAL 15,123
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORY - 7-9 STOCKBRIDGE 6,723 33,273 TOTAL 6,723 33,273
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 421 579 UNSECURED NOTES AND LOANS PAYABLE 160,000 120,000
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURGESS ROBB & GRASSETTI PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 CENTER SQUARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST LONGMEADOW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001028
ReturnHeader/PreparerPersonGrp/PhoneNum04135250025
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0N ANDREW ROBB
ReturnHeader/ReturnTs02025-02-17T11:37:16-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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