Civic Intelligence

Historic Natchez Foundation

990 • Fiscal year 2019 • EIN 23-7372767

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 16, 2020

Post Office Box 1761Natchez, MS 39121

(601) 442-2500

Siviq Scores

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

Liabilities / Assets

28th percentile

0.03x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.31x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

65th percentile

8.2%

Faster asset growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,179,898

Up $621,623 (+8.2%) from 2018

Net Assets

Up

$7,922,403

Up $372,225 (+4.9%) from 2018

Liabilities

Up

$257,495

Up $249,398 (+3080%) from 2018

Revenue

Up

$830,951

Up $91,629 (+12%) from 2018

Expenses

Up

$458,726

Up $42,156 (+10%) from 2018

Net Income

Up

$372,225

Up $49,473 (+15%) from 2018

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2017: $7,234,546Liabilities 2017: $8,596Net Assets 2017: $7,225,9502017Assets 2018: $7,558,275Liabilities 2018: $8,097Net Assets 2018: $7,550,1782018Assets 2019: $8,179,898Liabilities 2019: $257,495Net Assets 2019: $7,922,4032019Assets 2020: $7,639,656Liabilities 2020: $58,834Net Assets 2020: $7,580,8222020Assets 2021: $7,485,884Liabilities 2021: $6,197Net Assets 2021: $7,479,6872021Assets 2022: $7,515,289Liabilities 2022: $4,023Net Assets 2022: $7,511,2662022Assets 2023: $7,560,223Liabilities 2023: $16,858Net Assets 2023: $7,543,3652023Assets 2024: $6,812,693Liabilities 2024: $60,135Net Assets 2024: $6,752,5582024

Highlighted filing

2019

Assets$8,179,898
Liabilities$257,495
Net Assets$7,922,403

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,108,393Expenses 2017: $399,506Net Income 2017: $708,8872017Revenue 2018: $739,322Expenses 2018: $416,570Net Income 2018: $322,7522018Revenue 2019: $830,951Expenses 2019: $458,726Net Income 2019: $372,2252019Revenue 2020: $123,071Expenses 2020: $464,652Net Income 2020: -$341,5812020Revenue 2021: $350,913Expenses 2021: $452,048Net Income 2021: -$101,1352021Revenue 2022: $528,181Expenses 2022: $496,603Net Income 2022: $31,5782022Revenue 2023: $616,777Expenses 2023: $585,177Net Income 2023: $31,6002023Revenue 2024: $612,052Expenses 2024: $565,813Net Income 2024: $46,2392024

Highlighted filing

2019

Revenue$830,951
Expenses$458,726
Net Income$372,225
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,285,951
Mission and Program Overview

Mission

To foster, encourage, and engage in the preservation, restoration, and development of historic sites, buildings, and personal property, in every way deemed to be feasible, including acquisition of buildings, sites, and other property for preservation and restoration and establishment of a revolving fund for that purpose.

To foster, encourage, and engage in the preservation, restoration, and development of historic or important sites, buildings, and personal property in every way deemed to be feasible, including acquisition of buildings, sites, and other property for preservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,550,178$7,922,403▲ $372,225
Investments in Publicly Traded Securities$4,339,108$4,228,870▼ $110,238
Land, Buildings, and Equipment, Net$2,496,995$2,879,166▲ $382,171
Cash and Non-Interest-Bearing Accounts$35,964$473,460▲ $437,496
Investments Program Related$276,741$276,741→ $0
Savings and Temporary Cash Investments$383,685$271,233▼ $112,452
Accounts Receivable$13,326$37,972▲ $24,646
Inventories for Sale or Use$12,456$12,456→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,558,275$8,179,898▲ $621,623
Liabilities
Unsecured Notes Loans Payable-$250,000-
Grants Payable$5,960$5,960→ $0
Accounts Payable and Accrued Expenses$2,137$1,535▼ $602
Total Liabilities$8,097$257,495▲ $249,398
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,550,178$7,922,403▲ $372,225
Total Liabilities and Net Assets / Fund Balance$7,558,275$8,179,898▲ $621,623

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,608,424--
Land$255,241--
Equipment$15,501$95,731-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$4,758,966-▲ $532,177$391,485$4,899,658
2018$3,977,047$1,352,727▲ $346,650$917,458$4,758,966
2017$3,443,101-▲ $688,344$104,589$3,977,047
2016$3,504,501-▲ $192,629$200,000$3,443,101
2015$3,305,523-▲ $415,226$160,000$3,504,501
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stratton H Bull JrPast President
Joseph M Hazlip JrPresident
Patrick R BiglanePresident-elect
Andy SartinDirector
Brittney PattenDirector
Cheryl RinehartDirector
David BramletteDirector
Debbie CoseyDirector
Ethel TrulyDirector
Hyde CarbyDirector
Kate FeltusDirector
Lansen BarrowDirector
Larry HolderDirector
Melinda KentDirector
Neifa HardyDirector
Scott ChristianDirector
Tony DeangelisDirector
Becky JexSecretary
Chuck CaldwellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$572,097
Program Service Revenue
$44,988
Investment Income
$210,909
Other Revenue
$2,957
All Other Contributions
$487,410
Change in Net Assets
$372,225

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Art Historical Treasures2$455,000Appraisal
Total Noncash Contributions2$455,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$269,162
Other Expenses$189,564
Total Fundraising Expense$28,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,055$52,374$17,152$233,581
Occupancy$56,750$1,768$2,357$60,875
Fees for Service Investment Mgmnt Fees$10,661$30,344-$41,005
Office Expenses$20,007$2,042$2,692$24,741
Payroll Taxes$12,647$4,042$1,313$18,002
Insurance$16,217$674$899$17,790
Pension Plan Contributions$11,567$1,837$1,139$14,543
Advertising$9,519$664$885$11,068
Fees for Services Other$6,562$458$610$7,630
Depreciation Depletion$4,975$344$462$5,781
Travel$4,536--$4,536
Payment Travel Entrtnmnt Publicly Ofcl$4,069$164$221$4,454
Other Employee Benefits$2,611$182$243$3,036
Other Expenses$916$42$21$916
Fees for Services Legal$150--$150
Total Functional Expenses$332,794$97,876$28,056$458,726
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Historic natchez foundation is a membership organization with membership open to the general public.

Form 990, Part VI, Section A, Line 7A

Historic natchez foundation is a membership organization with membership open to the general public.

Form 990, Part VI, Section B, Line 11B

The treasurer and cpas on the board review the return. The tax return is then emailed to all members of the board for review and comment prior to filing the return.

Form 990, Part VI, Section B, Line 12C

The foundation has an employee manual that addresses conflicts of interest that are specific to museums and non-pofits. Board members conscientiously recuse themselves from voting on issues that could be construed as conflicts of interest. Board members and staff complete a conflict of interest form annually.

Form 990, Part VI, Section C, Line 19

The foundation's tax return, governing documents, financial statements, and conflict of interest policy are available for review and inspection at the headquarters of the foundation.

Filing and Contact Details

Filer

Filer Name
Historic Natchez Foundation
EIN
23-7372767
Phone
6014422500
Address
POST OFFICE BOX 1761, NATCHEZ, MS 39121

Signing Officer

Name
Joseph M Hazlip
Title
President
Phone
6014422500
Signed
2020-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph M Hazlip
Formed
1974
Legal Domicile
Ms
Voting Board Members
19
Independent Board Members
19
Employees
8
Volunteers
50

Preparer

Firm
Silas Simmons Llp
Address
PO BOX 1027, NATCHEZ, MS 39121-1027
Preparer
Charles W Caldwell Jr CPA
Phone
6014427411
Supplemental Narrative

Financial Statement Notes

PART II, LINE 3:

The foundation has never received a qualified conservation easement as a donation. The easements held by the foundation were placed by the foundation on historic properties owned by the foundation before their resale. Since none of the foundation's existing easements were received as contributions, the foundation has never reported the easements that it holds in its revenue or expense statement.

PART III, LINE 1A:

The amount represents collections and acquisitions that were valued and listed individually before the foundation became a more collections-focused organization and elected under sfas 116(asc958) not to report works of art, etc., held for public exhibition, education, or research, etc.

PART III, LINE 4:

The foundation initially focused most of its attention on buildings, but expanded to personal property in creating a significant archival collection in the 1990s and 2000s and is increasingly becoming more focused on museum and exhibit development.

PART V, LINE 4:

Income from the endowment has enabled the foundation to acquire and rehabilitate historic property and assist public and private owners of historic property in researching, restoring, maintaining, and interpreting their historic properties. The endowment also supports operational expenses.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/MissionDesc0TO FOSTER, ENCOURAGE, AND ENGAGE IN THE PRESERVATION, RESTORATION, AND DEVELOPMENT OF HISTORIC SITES, BUILDINGS, AND PERSONAL PROPERTY, IN EVERY WAY DEEMED TO BE FEASIBLE, INCLUDING ACQUISITION OF BUILDINGS, SITES, AND OTHER PROPERTY FOR PRESERVATION AND RESTORATION AND ESTABLISHMENT OF A REVOLVING FUND FOR THAT PURPOSE.
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IRS990/OtherExpensesGrp/Desc3EXHIBITS & PHOTOGRAPHS
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IRS990/PrincipalOfficerNm0JOSEPH M HAZLIP
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IRS990/ProgSrvcAccomActy2Grp/Desc0PRESERVATION - WORKS TO PRESERVE HISTORIC BUILDINGS, WHICH SOMETIMES INVOLVES ACQUISITION AND RESTORATION. THE FOUNDATION PLACES PRESERVATION EASEMENTS IN PERPETUITY ON ALL HISTORIC PROPERTIES THAT ARE ACQUIRED FOR PRESERVATION PURPOSES BEFORE ANY RESALE OF THE PROPERTY.THE FOUNDATION SOLICITS PRESERVATION AND RESTORATION GRANTS AND OTHER FUNDING AND ADMINISTERS TWO FUNDS DEDICATED TO PRESERVATION AND RESTORATION ACTIVITIES.THE FOUNDATION WORKS WITH THE CITY TO INSURE THAT PUBLIC AND PRIVATE PROJECTS MEET HISTORIC PRESERVATION GUIDELINES.THE FOUNDATION ADVISES ON PROPER PRESERVATION AND RESTORATION METHODOLOGY AND ON THE DESIGN OF NEW BUILDINGS TO MAKE THEM COMPATIBLE WITHIN A HISTORIC CONTEXT.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0103436
IRS990/ProgSrvcAccomActy3Grp/Desc0COLLECTIONS - HAS A SIGNIFICANT COLLECTION OF IMPORTANT ARCHIVAL MATERIAL, MUSEUM ARTIFACTS, AND PUBLIC RECORDS RELATED TO THE HISTORY OF THE NATCHEZ REGION. THE FOUNDATION'S COLLECTIONS INCLUDE BOOKS, PHOTOGRAPHS, DOCUMENTS, SITE FILES, SUBJECT FILES, PUBLIC RECORDS, AND ARTIFACTS. THE ARCHIVES AND PUBLIC RECORDS ARE MADE AVAILABLE ON A DAILY BASIS TO THE PUBLIC UNDER SUPERVISION OF FOUNDATION STAFF. THE FOUNDATION MAINTAINS A RESEARCH LIBRARY WITH BOOKS AND REFERENCE MATERIAL ON NATCHEZ AND REGIONAL HISTORY, MISSISSIPPI HISTORY, HISTORIC PRESERVATION, ARCHITECTURE, DECORATIVE ARTS, FINE ARTS, AND MUSEUM MANAGEMENT. THE ADAMS COUNTY BOARD OF SUPERVISORS HAS ENTRUSTED THE FOUNDATION WITH THE CARE AND MANAGEMENT OF PUBLIC COURTHOUSE RECORDS DATING TO THE 18TH, 19TH, AND 20TH CENTURIES.THE COUNTY BEGAN RELOCATING CIRCUIT COURT RECORDS TO THE FOUNDATION IN 1992, AND THE PROGRAM EXPANDED IN 2008 TO INCLUDE THE CHANCERY COURT RECORDS. THE COUNTY PROVIDES A SMALL AMOUNT OF FUNDING FOR RECORDS MANAGEMENT. THE FOUNDATION HAS SPONSORED THE PROGRAM IN CONJUNCTION WITH UNIVERSITIES AND THE NATIONAL PARK SERVICE TO PRESERVE AND CATALOGUE THESE VALUABLE HISTORIC DOCUMENTS. STAFF MEMBERS CONTINUE TO PROCESS RECORDS TO PRESERVE THEM AND TO BUILD A COMPREHENSIVE COMPUTER DATABASE TO MAKE THEM MORE ACCESSIBLE TO THE PUBLIC.
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