Civic Intelligence

Presbyterian Heritage Center

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.

PO Box 207Montreat, NC 28757-0207

www.phcmontreat.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

81st percentile

29%

Higher net margin than 81% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

85th percentile

40%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

70th percentile

18%

Faster revenue growth than 70% of similar nonprofits.

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

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

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $133,649Liabilities 2011: $0Net Assets 2011: $133,6492011Assets 2012: $134,026Liabilities 2012: $0Net Assets 2012: $134,0262012Assets 2013: $141,980Liabilities 2013: $0Net Assets 2013: $141,9802013Assets 2014: $199,601Liabilities 2014: $0Net Assets 2014: $199,6012014Assets 2015: $211,828Liabilities 2015: $0Net Assets 2015: $211,8282015Assets 2016: $171,860Liabilities 2016: $0Net Assets 2016: $171,8602016Assets 2017: $173,428Liabilities 2017: $0Net Assets 2017: $173,4282017Assets 2018: $207,844Liabilities 2018: $0Net Assets 2018: $207,8442018Assets 2019: $196,133Liabilities 2019: $0Net Assets 2019: $196,1332019Assets 2020: $237,704Liabilities 2020: $0Net Assets 2020: $237,7042020Assets 2021: $326,051Liabilities 2021: $0Net Assets 2021: $326,0512021Assets 2022: $334,008Liabilities 2022: $1,200Net Assets 2022: $332,8082022Assets 2023: $467,287Liabilities 2023: $0Net Assets 2023: $467,2872023Assets 2024: $562,157Liabilities 2024: $0Net Assets 2024: $562,1572024

Highlighted filing

2024

Assets$562,157
Liabilities$0
Net Assets$562,157

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $195,7212011Expenses 2012: $174,6522012Revenue 2013: $183,302Expenses 2013: $175,348Net Income 2013: $7,9542013Revenue 2014: $294,053Expenses 2014: $201,168Net Income 2014: $92,8852014Revenue 2015: $263,255Expenses 2015: $251,028Net Income 2015: $12,2272015Revenue 2016: $228,876Expenses 2016: $268,844Net Income 2016: -$39,9682016Revenue 2017: $265,281Expenses 2017: $263,713Net Income 2017: $1,5682017Revenue 2018: $300,160Expenses 2018: $265,744Net Income 2018: $34,4162018Revenue 2019: $411,193Expenses 2019: $422,904Net Income 2019: -$11,7112019Revenue 2020: $310,390Expenses 2020: $268,819Net Income 2020: $41,5712020Revenue 2021: $386,066Expenses 2021: $297,719Net Income 2021: $88,3472021Revenue 2022: $396,008Expenses 2022: $389,251Net Income 2022: $6,7572022Revenue 2023: $465,574Expenses 2023: $331,095Net Income 2023: $134,4792023Revenue 2024: $401,629Expenses 2024: $306,759Net Income 2024: $94,8702024

Highlighted filing

2024

Revenue$401,629
Expenses$306,759
Net Income$94,870

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.62$0.00$5.62$4.02$3.07$0.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.67$0.00$4.67$4.66$3.31$1.34
2022Detailed filing. Detailed filing data is available for this year.$3.34$0.01$3.33$3.96$3.89$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.00$3.26$3.86$2.98$0.88
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.00$2.38$3.10$2.69$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.00$1.96$4.11$4.23$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.00$2.08$3.00$2.66$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.00$1.73$2.65$2.64$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.00$1.72$2.29$2.69$0.40
2015Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$2.63$2.51$0.12
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.00$2.00$2.94$2.01$0.93
2013Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$1.83$1.75$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.00$1.34$1.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.00$1.34$1.96
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 24, 2023
Return Version
2022v5.0
Gross Receipts
$396,008
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
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--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$65,771$42,600▼ $7,051-$99,940
2021-$63,314▲ $2,841-$65,771
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$375,888
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$20,120
All Other Contributions
$375,888
Change in Net Assets
$6,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

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, Page 6, Part VI, Line 11B

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.

Form 990, Page 6, Part VI, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Presbyterian Heritage Center
EIN
56-2462726
Phone
8286696556
Address
PO BOX 207, MONTREAT, NC 28757-0207

Signing Officer

Name
Hugh Q Alexander Jr
Title
Director/treasurer
Phone
8286696556
Signed
2023-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Ray
Formed
2004
Legal Domicile
Nc
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
40

Preparer

Firm
Goodman CPA Pllc
Address
301 W STATE ST, BLACK MOUNTAIN, NC 28711
Preparer
Spencer Robinson Jr CPA
Phone
8286694747
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Page 2, Part III, Line 4D

Develop & conduct general education symposiums in accordance with the center's mission objectives.

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

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, Page 4, Part XIII

Schedule d, part v, line 4 the center expects to use endowment funds for future operating needs.

Raw XML AppendixShowing 400 of 472 raw XML fields

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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IRS990/MissionDesc0THE 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SALE OF MATERIALS 109 MISCELLANEOUS 2,455 SYMPOSIUMS & CONFERENCES 132,608 HERITAGE HOME TOUR 5,529
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLLECTION 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/ExplanationTxt1SCHEDULE D, PART V, LINE 4 THE CENTER EXPECTS TO USE ENDOWMENT FUNDS FOR FUTURE OPERATING NEEDS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART III, LINE 1A
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1DEVELOP & CONDUCT GENERAL EDUCATION SYMPOSIUMS IN ACCORDANCE WITH THE CENTER'S MISSION OBJECTIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NEW 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/ExplanationTxt3FORM 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/ExplanationTxt4GOVERNING 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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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