Civic Intelligence

The Historic Preservation

EIN 56-1145386 • 501(c)3 • Raleigh, NC

Profile

Preservation of buildings and sites of historical or architectural importance.

PO Box 27644Raleigh, NC 27611

www.presnc.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.12x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.42x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

52nd percentile

5.4%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

53rd percentile

5.8%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

38%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$9,347,836

Up $508,632 (+5.8%) from 2023

Liabilities

Up

$1,109,809

Up $72,326 (+7.0%) from 2023

Net Assets

Up

$8,238,027

Up $436,306 (+5.6%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin52nd percentile

Revenue

Up

$2,656,394

Up $728,484 (+38%) from 2023

Expenses

Up

$2,514,090

Up $579,654 (+30%) from 2023

Net Income

Up

$142,304

Up $148,830 (+2281%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

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

$15M$10M$5.0M$0Assets 2010: $7,800,174Liabilities 2010: $1,570,299Net Assets 2010: $6,229,8752010Assets 2011: $10,134,428Liabilities 2011: $1,626,452Net Assets 2011: $8,507,9762011Assets 2012: $10,938,951Liabilities 2012: $1,963,076Net Assets 2012: $8,975,8752012Assets 2013: $11,578,174Liabilities 2013: $2,062,187Net Assets 2013: $9,515,9872013Assets 2014: $8,754,973Liabilities 2014: $1,679,155Net Assets 2014: $7,075,8182014Assets 2015: $7,848,557Liabilities 2015: $1,876,526Net Assets 2015: $5,972,0312015Assets 2016: $8,037,907Liabilities 2016: $1,071,263Net Assets 2016: $6,966,6442016Assets 2017: $8,163,970Liabilities 2017: $1,150,738Net Assets 2017: $7,013,2322017Assets 2018: $8,943,998Liabilities 2018: $741,340Net Assets 2018: $8,202,6582018Assets 2019: $9,705,793Liabilities 2019: $1,474,801Net Assets 2019: $8,230,9922019Assets 2020: $10,171,767Liabilities 2020: $1,928,267Net Assets 2020: $8,243,5002020Assets 2021: $8,996,688Liabilities 2021: $1,013,263Net Assets 2021: $7,983,4252021Assets 2022: $8,512,083Liabilities 2022: $976,710Net Assets 2022: $7,535,3732022Assets 2023: $8,839,204Liabilities 2023: $1,037,483Net Assets 2023: $7,801,7212023Assets 2024: $9,347,836Liabilities 2024: $1,109,809Net Assets 2024: $8,238,0272024

Highlighted filing

2024

Assets$9,347,836
Liabilities$1,109,809
Net Assets$8,238,027
Open 2024 Filing

Operations Trend

Revenue Growth82nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $1,376,692Expenses 2010: $1,635,723Net Income 2010: -$259,0312010Revenue 2011: $1,596,460Expenses 2011: $1,514,271Net Income 2011: $82,1892011Revenue 2012: $1,693,928Expenses 2012: $1,223,804Net Income 2012: $470,1242012Revenue 2013: $2,300,522Expenses 2013: $1,760,410Net Income 2013: $540,1122013Revenue 2014: $2,203,878Expenses 2014: $4,675,111Net Income 2014: -$2,471,2332014Revenue 2015: $1,133,561Expenses 2015: $2,118,904Net Income 2015: -$985,3432015Revenue 2016: $3,030,490Expenses 2016: $2,121,891Net Income 2016: $908,5992016Revenue 2017: $1,883,779Expenses 2017: $2,062,185Net Income 2017: -$178,4062017Revenue 2018: $3,090,502Expenses 2018: $1,607,275Net Income 2018: $1,483,2272018Revenue 2019: $1,514,428Expenses 2019: $1,767,282Net Income 2019: -$252,8542019Revenue 2020: $1,395,393Expenses 2020: $1,547,529Net Income 2020: -$152,1362020Revenue 2021: $1,472,217Expenses 2021: $1,758,155Net Income 2021: -$285,9382021Revenue 2022: $1,741,877Expenses 2022: $1,686,900Net Income 2022: $54,9772022Revenue 2023: $1,927,910Expenses 2023: $1,934,436Net Income 2023: -$6,5262023Revenue 2024: $2,656,394Expenses 2024: $2,514,090Net Income 2024: $142,3042024

Highlighted filing

2024

Revenue$2,656,394
Expenses$2,514,090
Net Income$142,304
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$9,347,836
Liabilities
$1,109,809
Net assets
$8,238,027
Revenue
$2,656,394
Expenses
$2,514,090
Net income
$142,304
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$1.11$8.24$2.66$2.51$0.14
2023Detailed filing. Detailed filing data is available for this year.$8.84$1.04$7.80$1.93$1.93$0.01
2022Detailed filing. Detailed filing data is available for this year.$8.51$0.98$7.54$1.74$1.69$0.05
2021Detailed filing. Detailed filing data is available for this year.$9.00$1.01$7.98$1.47$1.76$0.29
2020Detailed filing. Detailed filing data is available for this year.$10.2$1.93$8.24$1.40$1.55$0.15
2019Detailed filing. Detailed filing data is available for this year.$9.71$1.47$8.23$1.51$1.77$0.25
2018Detailed filing. Detailed filing data is available for this year.$8.94$0.74$8.20$3.09$1.61$1.48
2017Detailed filing. Detailed filing data is available for this year.$8.16$1.15$7.01$1.88$2.06$0.18
2016Detailed filing. Detailed filing data is available for this year.$8.04$1.07$6.97$3.03$2.12$0.91
2015Detailed filing. Detailed filing data is available for this year.$7.85$1.88$5.97$1.13$2.12$0.99
2014Summary only. Only limited summary data is available for this year.$8.75$1.68$7.08$2.20$4.68$2.47
2013Summary only. Only limited summary data is available for this year.$11.6$2.06$9.52$2.30$1.76$0.54
2012Summary only. Only limited summary data is available for this year.$10.9$1.96$8.98$1.69$1.22$0.47
2011Summary only. Only limited summary data is available for this year.$10.1$1.63$8.51$1.60$1.51$0.08
2010Summary only. Only limited summary data is available for this year.$7.80$1.57$6.23$1.38$1.64$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$2,656,394
Mission and Program Overview

Mission

Preservation of buildings and sites of historical or architectural importance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,112,976$5,123,522▲ $10,546
Land, Buildings, and Equipment, Net$2,251,711$2,174,471▼ $77,240
Cash and Non-Interest-Bearing Accounts$274,757$799,793▲ $525,036
Other Notes and Loans Receivable, Net$791,127$765,467▼ $25,660
Pledges and Grants Receivable$19,532$82,366▲ $62,834
Accounts Receivable$3,760$1,484▼ $2,276
Prepaid Expenses and Deferred Charges$2,864$700▼ $2,164
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,839,204$9,347,836▲ $508,632
Other Assets Total$382,477$400,033▲ $17,556
Liabilities
Mortgage Notes Payable Secured by Investment Property$845,397$772,637▼ $72,760
Other Liabilities$12,000$228,713▲ $216,713
Accounts Payable and Accrued Expenses$109,821$108,459▼ $1,362
Deferred Revenue$70,265--
Total Liabilities$1,037,483$1,109,809▲ $72,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,019,324$5,015,741▼ $3,583
Net Assets With Donor Restrictions$2,782,397$3,222,286▲ $439,889
Total Net Assets Fund Balance$7,801,721$8,238,027▲ $436,306
Total Liabilities and Net Assets / Fund Balance$8,839,204$9,347,836▲ $508,632

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,997,573$1,079,791$3,077,364
Equipment$80,413$105,508$185,921
Land$96,485-$96,485

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,818,747$89,000▲ $427,561$142,589$4,158,024
2023$3,350,881$179,547▲ $454,964$138,535$3,818,747
2022$3,540,482$357,750▼ $454,039-$3,350,881
2021$3,032,706$257,243▲ $339,242$6,749$3,540,482
2020$2,706,304$100,000▲ $340,329$3,100$3,032,702
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Benjamin BriggsPresident & CEOFT$103,363$103,363

Board Members and Trustees

NameTitle
Dr Valerie Ann JohnsonChair/Im Ps Ch
Andrew StewartImm Past Chair
Claire EdwardsV Chair/Chair
Gray ReedVice Chair
Allen CasavantDirector
Amanda MasonDirector
Andre' NaborsDirector
April LarkinsDirector
Donna ScottDirector
Dr Darin WatersDirector
Irvin HendersonDirector
James GoodnightDirector
Jason AllenDirector
Jason HarpeDirector
Jeff MichaelDirector
Johnny BurlesonDirector
Lester LoweDirector
Matt HobbsDirector
Michelle McCulloughDirector
Natalie Pass-MillerDirector
Patrick NerzDirector
Raven WilliamsDirector
Tamara Holmes BrothersExec Comm Mem
Larken EglestonSecretary
Bill SherbertTreasurer
Carl R NoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,727,377
Program Service Revenue
$810,071
Investment Income
$98,916
Other Revenue
$20,030
All Other Contributions
$1,440,635
Change in Net Assets
$142,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,656,394
Revenue Not Reported on Form 990
$294,002
Total Revenue per Audited Statements
$2,950,396
Total Revenue per Form 990
$2,656,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,433,690
Salaries, Compensation, and Employee Benefits$1,080,400
Total Fundraising Expense$219,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$518,283$160,351$109,977$788,611
Occupancy$368,381$25,044-$393,425
Current Officers, Directors, Trustees, and Key Employees$67,931$21,017$14,415$103,363
Other Employee Benefits$57,701$25,646$5,918$89,265
Depreciation Depletion$39,744$37,496-$77,240
Insurance$62,742$7,125-$69,867
Payroll Taxes$42,301$10,350$12,318$64,969
Interest$4,018$43,649-$47,667
Conferences and Meetings$4,598$569$35,438$40,605
Pension Plan Contributions$22,097$9,818$2,277$34,192
Fees for Services Other-$32,990-$32,990
All Other Expenses$12,361$4,212$14,425$30,998
Office Expenses$10,721$15,290$230$26,241
Other Expenses$17,093-$2,159$17,093
Fees for Services Legal$14,897--$14,897
Advertising$3,942-$5,709$9,651
Total Functional Expenses$1,900,854$393,557$219,679$2,514,090

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,514,090
Total Expenses per Audited Statements$2,514,090
Total Expenses per Form 990$2,514,090
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit lines$228,713
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

“Audit committee reviews the 990 and reports to the board prior to filing.”

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

“The conflict of interest policy is reviewed by the board annually. Conflicts are disclosed by board members, and where appropriate, conflicted parties recuse themselves from discussion and voting.”

Form 990, Part VI, Section B, Line 15A

“The board executive committee approves the salary of the top management official (President). Compensation is based on compensation packages of similar organizations. A national compensation survey of preservation organizations is used for establishing comparability. Last review in 2023.”

Form 990, Part VI, Section B, Line 15B

“No other officers are compensated. Key employee compensation is approved by the board executive committee. Compensation is based on compensation packages of similar organizations. A national compensation survey of preservation organizations is used for establishing comparability.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements can be viewed at organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
The Historic Preservation Foundation
EIN
56-1145386
Phone
9198323652
Address
PO Box 27644, Raleigh, NC 27611

Signing Officer

Name
Benjamin Briggs
Title
President & CEO
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Briggs
Formed
1975
Legal Domicile
Nc
Voting Board Members
26
Independent Board Members
26
Employees
25
Volunteers
119

Preparer

Firm
Apple Koceja & Associates CPAS PA
Address
445 Dolley Madison Road Ste 202, Greensboro, NC 27410
Preparer
Jonathan L Apple CPA
Phone
3368544277
Supplemental Narrative

Financial Statement Notes

Part II, Line 5: Summarized Policy

“Written policy on monitoring and enforcement in place.”

Part II, Line 9: Organization Reporting of conservation easements.

“The market value of preservation eassements is not added to the income statement nor is it added to the balance sheet. The presumed market value of the easement as an asset is offset by the liability created by obligations of monitoring and enforcement.”

Part V, Line 4: Intended uses of the endowment fund.

“Preservation of historic properties”

Part X : FIN48 Footnote

“The Organization is exempt from income tax on related income under Section 501(c)(3)of the Internal Revenue Code. The Organization also has no qualified unrelated business income tax. The Organization does not believe there were any material uncertain tax positions for the year ending December 31, 2024, and accordingly, it did not recognize any liability for unrecognized tax benefits in the financial statements.”

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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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