Civic Intelligence

Historic Savannah Foundation Incorporated

990 • Fiscal year 2018 • EIN 58-0838253

Oct 01, 2017 to Sep 30, 2018 • Filed on Mar 28, 2019

PO Box 1733Savannah, GA 31402

(912) 233-7787

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

34th percentile

0.08x

Higher debt load relative to revenue than 34% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$157,873

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

28%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$8,097,286

Up $1,009,908 (+14%) from 2017

Net Assets

Up

$7,946,056

Up $1,012,556 (+15%) from 2017

Liabilities

Down

$151,230

Down $2,648 (-1.7%) from 2017

Revenue

Up

$1,809,600

Up $394,615 (+28%) from 2017

Expenses

Up

$1,303,105

Up $31,492 (+2.5%) from 2017

Net Income

Up

$506,495

Up $363,123 (+253%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,172,568Liabilities 2010: $442,170Net Assets 2010: $4,730,3982010Assets 2011: $5,025,192Liabilities 2011: $439,757Net Assets 2011: $4,585,4352011Assets 2012: $5,392,328Liabilities 2012: $440,633Net Assets 2012: $4,951,6952012Assets 2013: $5,875,168Liabilities 2013: $169,477Net Assets 2013: $5,705,6912013Assets 2014: $6,352,019Liabilities 2014: $191,701Net Assets 2014: $6,160,3182014Assets 2015: $6,318,315Liabilities 2015: $178,774Net Assets 2015: $6,139,5412015Assets 2016: $6,681,331Liabilities 2016: $191,014Net Assets 2016: $6,490,3172016Assets 2017: $7,087,378Liabilities 2017: $153,878Net Assets 2017: $6,933,5002017Assets 2018: $8,097,286Liabilities 2018: $151,230Net Assets 2018: $7,946,0562018Assets 2019: $8,500,531Liabilities 2019: $209,204Net Assets 2019: $8,291,3272019Assets 2020: $8,486,235Liabilities 2020: $214,154Net Assets 2020: $8,272,0812020Assets 2021: $10,254,672Liabilities 2021: $898,431Net Assets 2021: $9,356,2412021Assets 2022: $10,317,767Liabilities 2022: $1,616,112Net Assets 2022: $8,701,6552022Assets 2023: $11,055,504Liabilities 2023: $1,639,498Net Assets 2023: $9,416,0062023Assets 2024: $12,093,557Liabilities 2024: $1,600,280Net Assets 2024: $10,493,2772024Assets 2025: $12,005,234Liabilities 2025: $1,555,325Net Assets 2025: $10,449,9092025

Highlighted filing

2018

Assets$8,097,286
Liabilities$151,230
Net Assets$7,946,056

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,034,3032010Expenses 2011: $1,054,5352011Expenses 2012: $1,157,4332012Expenses 2013: $960,9962013Revenue 2014: $1,211,894Expenses 2014: $1,090,086Net Income 2014: $121,8082014Revenue 2015: $1,212,124Expenses 2015: $1,133,962Net Income 2015: $78,1622015Revenue 2016: $1,165,482Expenses 2016: $1,065,305Net Income 2016: $100,1772016Revenue 2017: $1,414,985Expenses 2017: $1,271,613Net Income 2017: $143,3722017Revenue 2018: $1,809,600Expenses 2018: $1,303,105Net Income 2018: $506,4952018Revenue 2019: $1,488,695Expenses 2019: $1,298,561Net Income 2019: $190,1342019Revenue 2020: $946,064Expenses 2020: $1,096,256Net Income 2020: -$150,1922020Revenue 2021: $1,364,221Expenses 2021: $982,732Net Income 2021: $381,4892021Revenue 2022: $1,730,085Expenses 2022: $1,031,621Net Income 2022: $698,4642022Revenue 2023: $1,138,454Expenses 2023: $1,138,385Net Income 2023: $692023Revenue 2024: $1,721,981Expenses 2024: $1,182,293Net Income 2024: $539,6882024Revenue 2025: $1,372,514Expenses 2025: $1,281,066Net Income 2025: $91,4482025

Highlighted filing

2018

Revenue$1,809,600
Expenses$1,303,105
Net Income$506,495
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Mar 28, 2019
Return Version
2017v2.3
Gross Receipts
$2,536,079
Mission and Program Overview

Mission

To save buildings, places and stories that define savannah's past, present and future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,566,950$5,170,501▲ $603,551
Land, Buildings, and Equipment, Net$948,439$995,428▲ $46,989
Savings and Temporary Cash Investments$692,211$871,153▲ $178,942
Cash and Non-Interest-Bearing Accounts$447,283$366,993▼ $80,290
Pledges and Grants Receivable$225,890$324,190▲ $98,300
Investments Program Related$77,752$229,809▲ $152,057
Inventories for Sale or Use$37,077$51,544▲ $14,467
Accounts Receivable$34,368$45,996▲ $11,628
Prepaid Expenses and Deferred Charges$57,408$41,672▼ $15,736
Total Assets$7,087,378$8,097,286▲ $1,009,908
Liabilities
Deferred Revenue$122,135$97,841▼ $24,294
Accounts Payable and Accrued Expenses$31,743$53,389▲ $21,646
Total Liabilities$153,878$151,230▼ $2,648
Net Assets / Fund Balance
Unrestricted Net Assets$5,684,293$6,268,519▲ $584,226
Permanently Rstr Net Assets$854,505$854,505→ $0
Temporarily Rstr Net Assets$394,702$823,032▲ $428,330
Total Net Assets Fund Balance$6,933,500$7,946,056▲ $1,012,556
Total Liabilities and Net Assets / Fund Balance$7,087,378$8,097,286▲ $1,009,908

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$467,961$743,855$1,211,816
Equipment$146,201$232,396$378,597
Buildings$122,995$195,510$318,505
Land$140,000-$140,000
Other Land Buildings$118,271-$118,271

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$5,259,161$266,331▲ $628,221$85,000$6,041,654
2016$4,859,951-▲ $484,198$60,000$5,259,161
2015$4,208,204$301,000▲ $444,097$70,000$4,859,951
2014$4,191,314$107,149▲ $36,170$105,000$4,208,204
2013$3,281,827$623,684▲ $419,416$115,000$4,191,314
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel G CareyPresident &FT$131,500$26,373$157,873
Daniel G CareyPresident & CEO-$131,500$26,373$157,873

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,983
Program Service Revenue
$354,009
Investment Income
$239,828
Other Revenue
$214,780
All Other Contributions
$775,456
Change in Net Assets
$506,495

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,809,600
Revenue Not Reported on Form 990
$718,773
Total Revenue per Audited Statements
$2,528,373
Total Revenue per Form 990
$1,809,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$704,902
Other Expenses$598,203
Total Fundraising Expense$230,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,586$96,277$59,600$458,463
Office Expenses$79,052$39,526$13,175$131,753
Current Officers, Directors, Trustees, and Key Employees$46,025$59,175$26,300$131,500
Fees for Services Other--$96,933$96,933
Other Employee Benefits$44,214$16,981$9,291$70,486
Advertising$41,113-$17,620$58,733
Depreciation Depletion$44,357$11,089-$55,446
Fees for Services Management$29,644$12,704-$42,348
Payroll Taxes$26,473$10,167$5,563$42,203
Fees for Service Investment Mgmnt Fees$27,062--$27,062
Insurance$21,585$5,396-$26,981
Fees for Services Legal$10,830$4,641-$15,471
Fees for Services Accounting$7,913$5,275-$13,188
Travel$9,372$1,172$1,172$11,716
Information Technology$4,582$3,055-$7,637
Other Expenses$2,826$3,122-$2,826
Pension Plan Contributions$900$1,125$225$2,250
All Other Expenses$365-$548$913
Total Functional Expenses$802,973$269,705$230,427$1,303,105

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,515,817
Expenses per Audited Statements$1,303,105
Total Expenses per Form 990$1,303,105
Expenses Not Reported on Form 990$212,712
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$158,645
Fundraising Direct Expenses$125,313
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$154,676$84,368$25,556$58,812
Preservation Fe$65,817$26,878$17,271$9,607
Total Events$267,892$158,645$125,313$33,332
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
Audit committee
Yes
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 7A

The board of trustees shall be elected from the ballot offered by the nominating committee by the vote of a majority of the members present at each annual meeting of the membership, a quorum of the members being present, to serve until the end of their term or until their successors shall have been duly chosen and qualified, or until death, resignation or removal. Independent nominations may be made in accordance with article ix of these by-laws. Trustees should be chosen from the general membership of historic savannah foundation, inc., excepting ex-officio members.

Form 990, Page 6, Part VI, Line 11B

The board reviews the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization monitors and enforces compliance with the conflict of interest policy on an annual basis.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the board and the personnel committee review and approve the compensation for the position of president/ceo. References within the non-profit preservation industry obtained from national trust for historic preservation and the preservation partners network are used in this review.

Form 990, Page 6, Part VI, Line 15B

The president/ceo of the organization reviews and approves the compensation for key employees.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Historic Savannah Foundation Inc
EIN
58-0838253
Phone
9122337787
Address
PO BOX 1733, SAVANNAH, GA 31402

Signing Officer

Name
Daniel G Carey
Title
President & CEO
Phone
9122337787
Signed
2019-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel G Carey
Formed
1955
Legal Domicile
Ga
Voting Board Members
22
Independent Board Members
22
Employees
27
Volunteers
226

Preparer

Firm
Holland Bromley Barnhill & Brett Llp
Address
2 E BRYAN ST FL 14, SAVANNAH, GA 31401-2635
Preparer
Shannon Brett
Phone
9122353410
Supplemental Narrative

Additional Explanations

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

Historic buildings. Hsf saved scores of buildings in the landmark district and, since then, it has gone on to save nearly 370 historic buildings throughout multiple historic districts across savannah. While doing so, hsf helped the city earn an international reputation as a well-preserved city and tourist destination.

Form 990, Part XI, Line 9

Cogs related to museum gift shop 87,399 special event expenses 125,313 intercompany management fee 42,347 cogs related to museum gift shop -87,399 special events expenses -125,313 total 42,347

Form 990, Page 12, Part XII, Line 2C

Process has not changed from prior year.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The organization has a written policy regarding the periodic monitoring, inspecting, handling of violations and enforcing conservation easements it holds.

Schedule D, Page 1, Part II, Line 9

All easement money received is deposited into the operating account and is recorded to a liability account which acts as an escrow account for all revenue and expenses related to easements. There is not a footnote in the financial statements discussing easements.

Schedule D, Page 2, Part V, Line 4

Renovations and maintenance of protected buildings.

Schedule D, Page 4, Part XI, Line 2D

Cogs related to museum gift shop 87,399 special event expenses 125,313 intercompany management fee 42,347

Schedule D, Page 4, Part XII, Line 2D

Cogs related to museum gift shop 87,399 special events expenses 125,313

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.0$1.56$10.4$1.37$1.28$0.09
2024Detailed filing. Detailed filing data is available for this year.$12.1$1.60$10.5$1.72$1.18$0.54
2023Detailed filing. Detailed filing data is available for this year.$11.1$1.64$9.42$1.14$1.14$0.00
2022Detailed filing. Detailed filing data is available for this year.$10.3$1.62$8.70$1.73$1.03$0.70
2021Detailed filing. Detailed filing data is available for this year.$10.3$0.90$9.36$1.36$0.98$0.38
2020Detailed filing. Detailed filing data is available for this year.$8.49$0.21$8.27$0.95$1.10$0.15
2019Detailed filing. Detailed filing data is available for this year.$8.50$0.21$8.29$1.49$1.30$0.19
2018Detailed filing. Detailed filing data is available for this year.$8.10$0.15$7.95$1.81$1.30$0.51
2017Detailed filing. Detailed filing data is available for this year.$7.09$0.15$6.93$1.41$1.27$0.14
2016Detailed filing. Detailed filing data is available for this year.$6.68$0.19$6.49$1.17$1.07$0.10
2015Detailed filing. Detailed filing data is available for this year.$6.32$0.18$6.14$1.21$1.13$0.08
2014Detailed filing. Detailed filing data is available for this year.$6.35$0.19$6.16$1.21$1.09$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$0.17$5.71$0.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.39$0.44$4.95$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$0.44$4.59$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$0.44$4.73$1.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $5M-$10M nonprofits