Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 56-2462726 • 501(c)3 • Montreat, NC
Profile
The presbyterian heritage center at montreat is a 501(c)(3) nonprofit educational organization operating as an innovative and interactive learning center and research facility both onsite and online. The mission is to: (1) educate young people and adults about the heritage and history of churches sharing the presbyterian and reformed faith through exhibits and programs, so they may understand and appreciate what god through jesus christ has done with and through his people and seek to discern god's will both today and in the future. (2) discover, collect, document, preserve, exhibit, and make available records, interesting and important artifacts, photographs, film, books, and other information, both onsite and online, about the history of the presbyterian & reformed churches, the church universal and about montreat. (3) increase understanding and appreciation of the history of national and worldwide missions, as well as, to promote the importance of present and future missions.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
81st percentile
Higher net margin than 81% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
Assets
Up$562,157
Up $94,870 (+20%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$562,157
Up $94,870 (+20%) from 2023
Revenue
Down$401,629
Down $63,945 (-14%) from 2023
Expenses
Down$306,759
Down $24,336 (-7.4%) from 2023
Net Income
Down$94,870
Down $39,609 (-29%) from 2023
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.
The presbyterian heritage center at montreat is a 501(c)(3) nonprofit educational organization operating as an innovative and interactive learning center and research facility both onsite and online. The mission is to: (1) educate young people and adults about the heritage and history of churches sharing the presbyterian and reformed faith through exhibits and programs, so they may understand and appreciate what god through jesus christ has done with and through his people and seek to discern god's will both today and in the future. (2) discover, collect, document, preserve, exhibit, and make available records, interesting and important artifacts, photographs, film, books, and other information, both onsite and online, about the history of the presbyterian & reformed churches, the church universal and about montreat. (3) increase understanding and appreciation of the history of national and worldwide missions, as well as, to promote the importance of present and future missions.
Presbyterian heritage center (the center) is an independent, innovative, and interactive educational center - honoring the past, informing the present, and influencing the future. See schedule o for mission statement.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $256,312 | $186,252 | ▼ $70,060 |
| Savings and Temporary Cash Investments | - | $43,968 | - |
| Land, Buildings, and Equipment, Net | $3,967 | $2,648 | ▼ $1,319 |
| Total Assets | $326,051 | $334,008 | ▲ $7,957 |
| Other Assets Total | $65,772 | $101,140 | ▲ $35,368 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $1,200 | - |
| Total Liabilities | $0 | $1,200 | ▲ $1,200 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $216,311 | $187,699 | ▼ $28,612 |
| Net Assets With Donor Restrictions | $109,740 | $145,109 | ▲ $35,369 |
| Total Net Assets Fund Balance | $326,051 | $332,808 | ▲ $6,757 |
| Total Liabilities and Net Assets / Fund Balance | $326,051 | $334,008 | ▲ $7,957 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $1,738 | $44,039 | $45,777 |
| Leasehold Improvements | - | $12,621 | $12,621 |
| Other Land Buildings | $910 | $11,433 | $12,343 |
| Other Assets Org | $101,140 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2022 | $65,771 | $42,600 | ▼ $7,051 | - | $99,940 |
| 2021 | - | $63,314 | ▲ $2,841 | - | $65,771 |
| Name | Title |
|---|---|
| Alva Whitehead | Director |
| Charles Newton | Director |
| Danny C Murphy | Director |
| Eloise Shepherd | Director |
| Henry W Neale | Director |
| John Hinkle | Director |
| John N Akers | Director |
| Judy Shuford | Director |
| Kay L Stockdale | Director |
| Letta Jean Taylor | Director |
| Lorenzo R Small | Director |
| Martha D Campbell | Director |
| Mason Blake | Director |
| Paul H Grier | Director |
| R Jackson Sadler | Director |
| Roy Taylor | Director |
| Scott Candler | Director |
| Terry Brown Butler | Director |
| Tom Widmer | Director |
| William Bill E Dudley | Director |
| Richard Ray | Director/CHA |
| Sue Diehl | Director/sec |
| Hugh Q Alexander Jr | Director/tre |
| Bill Scheu | Director/vic |
| Line Item | Amount |
|---|---|
| Other Expenses | $389,251 |
| Total Fundraising Expense | $28,315 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Office Expenses | $107,781 | $28,390 | - | $136,171 |
| Fees for Services Management | $35,015 | $35,016 | - | $70,031 |
| Occupancy | $49,500 | $5,500 | - | $55,000 |
| Conferences and Meetings | $51,274 | $572 | - | $51,846 |
| Advertising | $7,141 | - | $28,157 | $35,298 |
| Information Technology | $17,530 | - | - | $17,530 |
| Fees for Services Accounting | - | $9,176 | - | $9,176 |
| Fees for Service Investment Mgmnt Fees | - | $8,431 | - | $8,431 |
| Insurance | $2,597 | $289 | - | $2,886 |
| Travel | - | $1,405 | $158 | $1,563 |
| Depreciation Depletion | $989 | $330 | - | $1,319 |
| Total Functional Expenses | $271,827 | $89,109 | $28,315 | $389,251 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“New members are elected annually by the existing board of directors based upon the recommendations of the personnel & nominations committee. Members are assigned to a class year and may be re-elected for an additional three year term. In addition, two members shall be appointed as liaisons, one each by and from among members of the boards of the mountain retreat association and columbia theological seminary. Each of those two persons shall serve a one year term and may be re-elected to successive terms as long as they continue to serve on the boards they represent.”
“Form 990 is submitted to the treasurer and chairman of the finance committee for review and approval prior to being filed with the internal revenue service.”
“Governing documents are available on the center's website or can be obtained from mr. Walter somerville, administrative assistant, post office box 207, montreat, nc 28757.”
“The presbyterian heritage center at montreat is a 501(c)(3) nonprofit educational organization operating as an innovative and interactive learning center and research facility both onsite and online. The mission is to: (1) educate young people and adults about the heritage and history of churches sharing the presbyterian and reformed faith through exhibits and programs, so they may understand and appreciate what god through jesus christ has done with and through his people and seek to discern god's will both today and in the future. (2) discover, collect, document, preserve, exhibit, and make available records, interesting and important artifacts, photographs, film, books, and other information, both onsite and online, about the history of the presbyterian & reformed churches, the church universal and about montreat. (3) increase understanding and appreciation of the history of national and worldwide missions, as well as, to promote the importance of present and future missions.”
“Develop & conduct general education symposiums in accordance with the center's mission objectives.”
“Collection items, consisting principally of books, documents, records, and artifacts supporting the educational and research purposes of the center, acquired either through purchase or donation, are not capitalized or recognized as revenues or gains provided that such donations are added to collections and are held for public exhibition, education, or research in furtherance of public service rather than financial gain; are protected, kept unencumbered, cared for, and preserved; and are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections.”
“Schedule d, part v, line 4 the center expects to use endowment funds for future operating needs.”
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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|---|---|---|
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| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PRESBYTERIAN HERITAGE CENTER (THE CENTER) IS AN INDEPENDENT, INNOVATIVE, AND INTERACTIVE EDUCATIONAL CENTER - HONORING THE PAST, INFORMING THE PRESENT, AND INFLUENCING THE FUTURE. SEE SCHEDULE O FOR MISSION STATEMENT. |
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| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 7141 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 35298 |
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| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 207 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MONTREAT |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 287570207 |
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| IRS990/CYOtherRevenueAmt | 0 | 20120 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | 6757 |
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| IRS990/CYTotalExpensesAmt | 0 | 389251 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 396008 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
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| IRS990/DeductibleNonCashContriInd | 0 | false |
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| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 989 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1319 |
| IRS990/Desc | 0 | CREATE AND OPERATE AN INNOVATIVE, INTERACTIVE AND EDUCATIONAL LEARNING CENTER AND RESEARCH FACILITY (BOTH ONSITE AND ONLINE) IN MONTREAT, NORTH CAROLINA. |
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| IRS990/FederalGrantAuditRequiredInd | 0 | false |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9176 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 35016 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 35015 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 70031 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | DIRECTOR/VIC |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | DIRECTOR |
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| IRS990/MissionDesc | 0 | THE PRESBYTERIAN HERITAGE CENTER AT MONTREAT IS A 501(C)(3) NONPROFIT EDUCATIONAL ORGANIZATION OPERATING AS AN INNOVATIVE AND INTERACTIVE LEARNING CENTER AND RESEARCH FACILITY BOTH ONSITE AND ONLINE. THE MISSION IS TO: (1) EDUCATE YOUNG PEOPLE AND ADULTS ABOUT THE HERITAGE AND HISTORY OF CHURCHES SHARING THE PRESBYTERIAN AND REFORMED FAITH THROUGH EXHIBITS AND PROGRAMS, SO THEY MAY UNDERSTAND AND APPRECIATE WHAT GOD THROUGH JESUS CHRIST HAS DONE WITH AND THROUGH HIS PEOPLE AND SEEK TO DISCERN GOD'S WILL BOTH TODAY AND IN THE FUTURE. (2) DISCOVER, COLLECT, DOCUMENT, PRESERVE, EXHIBIT, AND MAKE AVAILABLE RECORDS, INTERESTING AND IMPORTANT ARTIFACTS, PHOTOGRAPHS, FILM, BOOKS, AND OTHER INFORMATION, BOTH ONSITE AND ONLINE, ABOUT THE HISTORY OF THE PRESBYTERIAN & REFORMED CHURCHES, THE CHURCH UNIVERSAL AND ABOUT MONTREAT. (3) INCREASE UNDERSTANDING AND APPRECIATION OF THE HISTORY OF NATIONAL AND WORLDWIDE MISSIONS, AS WELL AS, TO PROMOTE THE IMPORTANCE OF PRESENT AND FUTURE MISSIONS. |
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| IRS990/OtherRevenueMiscGrp/Desc | 1 | HERITAGE HOME TOUR |
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| IRS990/PrincipalOfficerNm | 0 | RICHARD RAY |
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | DEVELOP & CONDUCT GENERAL EDUCATION SYMPOSIUMS IN ACCORDANCE WITH THE CENTER'S MISSION OBJECTIVES. |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | SALE OF MATERIALS 109 MISCELLANEOUS 2,455 SYMPOSIUMS & CONFERENCES 132,608 HERITAGE HOME TOUR 5,529 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | BENEFICIAL INTEREST IN ASSETS @ CF |
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| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 12343 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | COLLECTION ITEMS, CONSISTING PRINCIPALLY OF BOOKS, DOCUMENTS, RECORDS, AND ARTIFACTS SUPPORTING THE EDUCATIONAL AND RESEARCH PURPOSES OF THE CENTER, ACQUIRED EITHER THROUGH PURCHASE OR DONATION, ARE NOT CAPITALIZED OR RECOGNIZED AS REVENUES OR GAINS PROVIDED THAT SUCH DONATIONS ARE ADDED TO COLLECTIONS AND ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND ARE SUBJECT TO A POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | SCHEDULE D, PART V, LINE 4 THE CENTER EXPECTS TO USE ENDOWMENT FUNDS FOR FUTURE OPERATING NEEDS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 1, PART III, LINE 1A |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XIII |
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| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 101140 |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PRESBYTERIAN HERITAGE CENTER AT MONTREAT IS A 501(C)(3) NONPROFIT EDUCATIONAL ORGANIZATION OPERATING AS AN INNOVATIVE AND INTERACTIVE LEARNING CENTER AND RESEARCH FACILITY BOTH ONSITE AND ONLINE. THE MISSION IS TO: (1) EDUCATE YOUNG PEOPLE AND ADULTS ABOUT THE HERITAGE AND HISTORY OF CHURCHES SHARING THE PRESBYTERIAN AND REFORMED FAITH THROUGH EXHIBITS AND PROGRAMS, SO THEY MAY UNDERSTAND AND APPRECIATE WHAT GOD THROUGH JESUS CHRIST HAS DONE WITH AND THROUGH HIS PEOPLE AND SEEK TO DISCERN GOD'S WILL BOTH TODAY AND IN THE FUTURE. (2) DISCOVER, COLLECT, DOCUMENT, PRESERVE, EXHIBIT, AND MAKE AVAILABLE RECORDS, INTERESTING AND IMPORTANT ARTIFACTS, PHOTOGRAPHS, FILM, BOOKS, AND OTHER INFORMATION, BOTH ONSITE AND ONLINE, ABOUT THE HISTORY OF THE PRESBYTERIAN & REFORMED CHURCHES, THE CHURCH UNIVERSAL AND ABOUT MONTREAT. (3) INCREASE UNDERSTANDING AND APPRECIATION OF THE HISTORY OF NATIONAL AND WORLDWIDE MISSIONS, AS WELL AS, TO PROMOTE THE IMPORTANCE OF PRESENT AND FUTURE MISSIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DEVELOP & CONDUCT GENERAL EDUCATION SYMPOSIUMS IN ACCORDANCE WITH THE CENTER'S MISSION OBJECTIVES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NEW MEMBERS ARE ELECTED ANNUALLY BY THE EXISTING BOARD OF DIRECTORS BASED UPON THE RECOMMENDATIONS OF THE PERSONNEL & NOMINATIONS COMMITTEE. MEMBERS ARE ASSIGNED TO A CLASS YEAR AND MAY BE RE-ELECTED FOR AN ADDITIONAL THREE YEAR TERM. IN ADDITION, TWO MEMBERS SHALL BE APPOINTED AS LIAISONS, ONE EACH BY AND FROM AMONG MEMBERS OF THE BOARDS OF THE MOUNTAIN RETREAT ASSOCIATION AND COLUMBIA THEOLOGICAL SEMINARY. EACH OF THOSE TWO PERSONS SHALL SERVE A ONE YEAR TERM AND MAY BE RE-ELECTED TO SUCCESSIVE TERMS AS LONG AS THEY CONTINUE TO SERVE ON THE BOARDS THEY REPRESENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FORM 990 IS SUBMITTED TO THE TREASURER AND CHAIRMAN OF THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GOVERNING DOCUMENTS ARE AVAILABLE ON THE CENTER'S WEBSITE OR CAN BE OBTAINED FROM MR. WALTER SOMERVILLE, ADMINISTRATIVE ASSISTANT, POST OFFICE BOX 207, MONTREAT, NC 28757. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
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