Civic Intelligence

Blue Grass Trust for Historic Preservation Inc

EIN 61-0518029 • 501(c)3 • Lexington, KY

Profile

To restore historically significant structures and act as a community resource and raise the public awareness about preservation issues.

210 North BroadwayLexington, KY 40507

www.bluegrasstrust.org

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

45th percentile

2.6%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

51st percentile

$130,495

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 20.4% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

48th percentile

3.4%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

86th percentile

60%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$5,671,146

Up $188,878 (+3.4%) from 2024

Liabilities

Down

$4,648

Down $21,525 (-82%) from 2024

Net Assets

Up

$5,666,498

Up $210,403 (+3.9%) from 2024

Operations
Liabilities / Revenue15th percentileNet Margin45th percentile

Revenue

Up

$638,732

Up $240,173 (+60%) from 2024

Expenses

Down

$622,296

Down $177,112 (-22%) from 2024

Net Income

Up

$16,436

Up $417,285 (+104%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,506,272Liabilities 2011: $26,578Net Assets 2011: $4,479,6942011Assets 2012: $4,411,400Liabilities 2012: $2,635Net Assets 2012: $4,408,7652012Assets 2013: $4,777,528Liabilities 2013: $7,648Net Assets 2013: $4,769,8802013Assets 2014: $5,174,657Liabilities 2014: $9,970Net Assets 2014: $5,164,6872014Assets 2015: $5,317,487Liabilities 2015: $114,244Net Assets 2015: $5,203,2432015Assets 2016: $5,234,796Liabilities 2016: $86,349Net Assets 2016: $5,148,4472016Assets 2017: $5,538,929Liabilities 2017: $73,871Net Assets 2017: $5,465,0582017Assets 2018: $5,701,404Liabilities 2018: $65,910Net Assets 2018: $5,635,4942018Assets 2019: $5,684,026Liabilities 2019: $53,472Net Assets 2019: $5,630,5542019Assets 2020: $6,014,694Liabilities 2020: $84,412Net Assets 2020: $5,930,2822020Assets 2021: $6,827,259Liabilities 2021: $81,724Net Assets 2021: $6,745,5352021Assets 2022: $6,343,781Liabilities 2022: $42,535Net Assets 2022: $6,301,2462022Assets 2023: $6,506,611Liabilities 2023: $28,219Net Assets 2023: $6,478,3922023Assets 2024: $5,482,268Liabilities 2024: $26,173Net Assets 2024: $5,456,0952024Assets 2025: $5,671,146Liabilities 2025: $4,648Net Assets 2025: $5,666,4982025

Highlighted filing

2025

Assets$5,671,146
Liabilities$4,648
Net Assets$5,666,498
Open 2025 Filing

Operations Trend

Revenue Growth86th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $275,2172011Revenue 2012: $280,608Expenses 2012: $259,285Net Income 2012: $21,3232012Expenses 2013: $290,5662013Revenue 2014: $374,765Expenses 2014: $328,255Net Income 2014: $46,5102014Revenue 2015: $420,173Expenses 2015: $329,914Net Income 2015: $90,2592015Revenue 2016: $400,020Expenses 2016: $320,275Net Income 2016: $79,7452016Revenue 2017: $252,560Expenses 2017: $295,004Net Income 2017: -$42,4442017Revenue 2018: $327,595Expenses 2018: $351,652Net Income 2018: -$24,0572018Revenue 2019: $350,285Expenses 2019: $390,591Net Income 2019: -$40,3062019Revenue 2020: $500,675Expenses 2020: $379,038Net Income 2020: $121,6372020Revenue 2021: $430,018Expenses 2021: $302,823Net Income 2021: $127,1952021Revenue 2022: $699,603Expenses 2022: $470,664Net Income 2022: $228,9392022Revenue 2023: $457,984Expenses 2023: $547,886Net Income 2023: -$89,9022023Revenue 2024: $398,559Expenses 2024: $799,408Net Income 2024: -$400,8492024Revenue 2025: $638,732Expenses 2025: $622,296Net Income 2025: $16,4362025

Highlighted filing

2025

Revenue$638,732
Expenses$622,296
Net Income$16,436
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,671,146
Liabilities
$4,648
Net assets
$5,666,498
Revenue
$638,732
Expenses
$622,296
Net income
$16,436
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.67$0.00$5.67$0.64$0.62$0.02
2024Detailed filing. Detailed filing data is available for this year.$5.48$0.03$5.46$0.40$0.80$0.40
2023Detailed filing. Detailed filing data is available for this year.$6.51$0.03$6.48$0.46$0.55$0.09
2022Detailed filing. Detailed filing data is available for this year.$6.34$0.04$6.30$0.70$0.47$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$0.08$6.75$0.43$0.30$0.13
2020Detailed filing. Detailed filing data is available for this year.$6.01$0.08$5.93$0.50$0.38$0.12
2019Detailed filing. Detailed filing data is available for this year.$5.68$0.05$5.63$0.35$0.39$0.04
2018Detailed filing. Detailed filing data is available for this year.$5.70$0.07$5.64$0.33$0.35$0.02
2017Detailed filing. Detailed filing data is available for this year.$5.54$0.07$5.47$0.25$0.30$0.04
2016Detailed filing. Detailed filing data is available for this year.$5.23$0.09$5.15$0.40$0.32$0.08
2015Detailed filing. Detailed filing data is available for this year.$5.32$0.11$5.20$0.42$0.33$0.09
2014Detailed filing. Detailed filing data is available for this year.$5.17$0.01$5.16$0.37$0.33$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$0.01$4.77$0.29
2012Summary only. Only limited summary data is available for this year.$4.41$0.00$4.41$0.28$0.26$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.03$4.48$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 16, 2025
Return Version
2024v5.2
Gross Receipts
$938,634
Mission and Program Overview

Mission

To restore historically significant structures and act as a community resource and raise the public awareness about preservation issues.

Our mission is to be central kentucky's resource for protecting, revitalizing, and promoting our historic places, enhancing the quality of life for all. Our vision is to live in a community that honors its diverse cultural legacies through historic preservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,739,526$1,673,863▼ $65,663
Investments in Publicly Traded Securities$1,529,586$1,557,523▲ $27,937
Savings and Temporary Cash Investments$4,831$189,376▲ $184,545
Cash and Non-Interest-Bearing Accounts$77,418$60,930▼ $16,488
Prepaid Expenses and Deferred Charges$5,020$3,638▼ $1,382
Accounts Receivable$0$550▲ $550
Total Assets$5,482,268$5,671,146▲ $188,878
Other Assets Total$2,125,887$2,185,266▲ $59,379
Liabilities
Unsecured Notes Loans Payable$9,709$0▼ $9,709
Accounts Payable and Accrued Expenses$16,464$2,748▼ $13,716
Other Liabilities$0$1,900▲ $1,900
Total Liabilities$26,173$4,648▼ $21,525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,456,095$5,666,498▲ $210,403
Total Net Assets Fund Balance$5,456,095$5,666,498▲ $210,403
Total Liabilities and Net Assets / Fund Balance$5,482,268$5,671,146▲ $188,878

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,556,114$344,393$1,900,507
Land$110,000-$110,000
Equipment$7,749$10,850$18,599
Other Assets Org$118,081--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan ColemanExecutive DirectorFT$118,567$11,928$130,495

Board Members and Trustees

NameTitle
Mike MeuserPresident
Richard SheinVice President
Beverly FortuneDirector
Brenna PyeDirector
Carol MartinDirector
Dan VivianDirector
Dave ElbonDirector
Deidra DennieDirector
Emily BergeronDirector
Eugene YoungDirector
Janie-rice BrotherDirector
Jo Ellen HaydenDirector
Kathy ChopraDirector
Phillip TibbsDirector
Rick QueenDirector
Shea BrownDirector
Steve GardnerDirector
Wanda JaquithDirector
Maureen PetersSecretary
Kent PleasantsTreasurer (term Ended 3/8/2025)
Revenue and Support

Revenue Composition

Contributions and Grants
$487,438
Program Service Revenue
$23,301
Investment Income
$70,500
Other Revenue
$57,493
All Other Contributions
$398,062
Change in Net Assets
$16,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$337,393
Other Expenses$284,903
Total Fundraising Expense$45,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,628$30,179$15,090$150,897
Current Officers, Directors, Trustees, and Key Employees$93,058$26,588$13,294$132,940
Depreciation Depletion$65,664--$65,664
Fees for Services Other$27,278$17,440-$44,718
Insurance$37,979$4,220-$42,199
Payroll Taxes$21,230$6,066$3,033$30,329
Occupancy$22,361$4,580-$26,941
Other Employee Benefits$14,417$4,119$2,059$20,595
Office Expenses$1,134$10,209-$11,343
Fees for Service Investment Mgmnt Fees-$10,928-$10,928
Information Technology$942$8,476-$9,418
Conferences and Meetings$6,325$1,561-$7,886
Pension Plan Contributions$1,842$526$264$2,632
Fees for Services Legal-$842-$842
Other Expenses$12,083$815$12,083$815
Interest$17--$17
Total Functional Expenses$447,392$129,081$45,823$622,296
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$1,900
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
Yes
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 7A

“The membership of the organization elects the officers at the annual meeting.”

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

“The executive committee reviews and approves the form 990 prior to its filing.”

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

“The board of directors approves the compensation of the executive director.”

Form 990, Part VI, Section C, Line 19

“The bgt makes its governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Blue Grass Trust for Historic
EIN
61-0518029
Phone
8592530362
Address
201 NORTH MILL, LEXINGTON, KY 40507

Signing Officer

Name
Jonathan Coleman
Title
Executive Director
Phone
8592530362
Signed
2025-10-16
Discuss with paid preparer
No

Organization Details

Principal Officer
Jonathan Coleman
Formed
1955
Legal Domicile
Ky
Voting Board Members
19
Independent Board Members
19
Employees
4
Volunteers
45

Preparer

Firm
Blue & Co LLC
Address
250 WEST MAIN STREET SUITE 2900, LEXINGTON, KY 40507
Preparer
Cory Schunemann CPA
Phone
8592531100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Gain (loss)- dunning trust 135,873.”

Financial Statement Notes

PART III, LINE 1A:

“In accordance with the provisions of fasb asc 958, the bgt does not capitalize purchased or donated collections, nor are these items recognized as revenue or gains. The statement provides that such contributions need not be recognized if they are added to collections that are held for public exhibition, education, or research in furtherance of public service rather than financial gain, are protected, kept unemcumbered, cared for and preserved, and are subject to a policy that requires the proceeds from sales of collection items be used to acquire other items for collection.”

PART III, LINE 4:

“The bgt's purpose is to act as a community resource and raise public awareness about preservation issues. As such, the collections are comprised of historic museum pieces which might have been found in the historic structures and are used for public education awareness.”

Raw XML AppendixShowing 400 of 568 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/Desc0HISTORIC PRESERVATION EDUCATION: THE BLUE GRASS TRUST EDUCATES CENTRAL KENTUCKIANS ON THE BENEFITS AND PRACTICES OF HISTORIC PRESERVATION. OUR EDUCATIONAL PROGRAMMING INCLUDES: DETOURS: FOUNDED IN JANUARY 2011, THE MONTHLY BLUE GRASS TRUST DETOURS PROGRAM IS DESIGNED TO PROVIDE FREE, EASILY ACCESSIBLE TOURS OF PLACES THE PUBLIC CANNOT NORMALLY ACCESS, HELPING PEOPLE INTERACT WITH AND LEARN ABOUT THE HISTORIC PLACES THAT MAKE CENTRAL KENTUCKY SPECIAL. TOUR THE HISTORIC BLUEGRASS: FREE PRINT AND DIGITAL SELF-GUIDED TOURS OF THE HISTORIC DISTRICT DESIGNATIONS IN FAYETTE COUNTY, ALONG WITH THEMATIC TOURS ON SUCCESSFUL EXAMPLES OF ADAPTIVE REUSE OF HISTORIC PROPERTIES. THE HOPEMONT LECTURE: NAMED AFTER THE 1814 HOME THAT SPURRED THE CREATION OF THE BLUE GRASS TRUST, THE HOPEMONT LECTURE BRINGS THE NATION'S FOREMOST PRESERVATIONISTS AND HISTORIANS TO CENTRAL KENTUCKY. FREE AND OPEN TO THE PUBLIC, THE LECTURES INCLUDE A WORKSHOP FOR KENTUCKY'S PRESERVATION PROFESSIONALS AND A COMMUNITY VOLUNTEER ACTION. PRESERVATION MATTERS: THE BLUE GRASS TRUST'S SIGNATURE BIANNUAL PUBLICATION INFORMS THOUSANDS OF THE SWEEPING, BENEFICIAL IMPACTS OF PRESERVATION IN CENTRAL KENTUCKY. AMPLIFYING PRESERVATION SUCCESS STORIES, INSIGHTFUL LOCAL HISTORIES, IMPORTANT ADVOCACY WORK, AND HELPFUL RESOURCES, PRESERVATION MATTERS IS FREE IN BOTH PRINT AND DIGITAL FORMS AND IS MAILED TO APPROXIMATELY 6,000 HOUSEHOLDS ANNUALLY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/MissionDesc0OUR MISSION IS TO BE CENTRAL KENTUCKY'S RESOURCE FOR PROTECTING, REVITALIZING, AND PROMOTING OUR HISTORIC PLACES, ENHANCING THE QUALITY OF LIFE FOR ALL. OUR VISION IS TO LIVE IN A COMMUNITY THAT HONORS ITS DIVERSE CULTURAL LEGACIES THROUGH HISTORIC PRESERVATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0HISTORIC PRESERVATION ADVOCACY: THE BLUE GRASS TRUST LENDS OUR VOICE TO HISTORIC PRESERVATION EFFORTS IN OUR CENTRAL KENTUCKY COMMUNITIES. OUR ADVOCACY WORK INCLUDES: COMMUNITY OUTREACH: THROUGH PROGRAMS, EVENTS, AND OUTREACH EFFORTS, WE STRIVE TO RAISE AWARENESS ABOUT THE IMPORTANCE OF PRESERVING THE REGION'S CULTURAL HERITAGE AND LEGACY FOR FUTURE GENERATIONS, ACTIVELY ADVOCATING FOR POLICIES, PROGRAMS, AND INITIATIVES THAT PROTECT AND PROMOTE HISTORIC SITES, BUILDINGS, NEIGHBORHOODS, AND LANDSCAPES THROUGH MEANS SUCH AS HIGHLIGHTING DEMOLITION THREATS AND ORGANIZING PETITIONS TO SAVE ENDANGERED BUILDINGS. IN 2023-2024, WE LED THE COMMUNITY EFFORTS TO SAVE 13 NATIONAL-REGISTER-LISTED BUILDINGS FROM DEMOLITION AND SUCCESSFULLY ARGUED AGAINST UNFAIR BOND REQUIREMENTS FOR PRESERVATION ADVOCACY AT THE KENTUCKY SUPREME COURT. PRESERVATION AWARDS: FOR OVER 30 YEARS, THE PRESERVATION AWARDS HAVE HIGHLIGHTED THE POSITIVE, FAR-REACHING IMPACT THAT PRESERVATION PLAYS IN CENTRAL KENTUCKY BY HONORING INDIVIDUALS, PROJECTS, AND ORGANIZATIONS THAT EXEMPLIFY THE PROMOTION, AWARENESS, OR PRACTICE OF HISTORIC PRESERVATION WITHIN THE CENTRAL KENTUCKY REGION. PRESERVING PALMER PHARMACY: SAVED FROM DEMOLITION IN 2017, THE BLUE GRASS TRUST HAS LED THE EFFORT TO FIND A NEW STEWARD FOR HISTORIC PALMER PHARMACY, A MID-CENTURY GEM WITH AN IMPORTANT CIVIL RIGHTS STORY, LOCATED IN LEXINGTON'S EAST END NEIGHBORHOOD. THE BLUE GRASS TRUST WAS ABLE TO RAISE $100,000 TO OFFSET THE RENOVATION COSTS AND ASSISTED THE NEW STEWARD WITH PRESERVATION CONSULTING. THE BUILDING REOPENED AS THE MARKSBURY FAMILY WAYPOINT CENTER OF THE UNITED WAY OF THE BLUEGRASS AT HISTORIC PALMER PHARMACY IN MAY 2024.
IRS990/ProgSrvcAccomActy3Grp/Desc0DIRECT HISTORIC PRESERVATION SERVICES: THE BLUE GRASS TRUST SERVES AS A RESOURCE AND GUIDE TO HELP CENTRAL KENTUCKIANS IN THEIR HISTORIC PRESERVATION EFFORTS WHILE ENGAGING IN PRESERVATION STEWARDSHIP PROJECTS OF OUR OWN. OUR SERVICES INCLUDE: CONSULTATION AND ADVISING: THROUGH ITS PROFESSIONAL STAFF AND FREE DIGITAL RESOURCES ON ITS WEBSITE, THE BLUE GRASS TRUST ASSISTS MEMBERS OF OUR COMMUNITIES IN FINDING RESOURCES AND FUNDING, NAVIGATING THEIR HISTORIC PRESERVATION PROJECTS, AND UNDERSTANDING THE NATIONAL REGISTER AND HISTORIC TAX CREDIT PROGRAMS. IN THIS YEAR WE CONSULTED, ADVISED, OR OTHERWISE ASSISTED WITH COMMUNITY PRESERVATION EFFORTS, LARGE AND SMALL, IN EVERY CENTRAL KENTUCKY COUNTY AND FIELDED AROUND 100 DIRECT REQUESTS FOR PRESERVATION ASSISTANCE. PROPERTY STEWARDSHIP: THE BLUE GRASS TRUST DIRECTLY STEWARDS FOUR UNIQUE HISTORIC PROPERTIES, THREE OF WHICH ARE ON THE NATIONAL REGISTER OF HISTORIC PLACES AND ALL OF WHICH ARE WITHIN HISTORIC DESIGNATION OVERLAYS. THESE PROPERTIES INCLUDE HOPEMONT, LATROBE'S POPE VILLA, ENDICOTT COTTAGE, AND THE DR. THOMAS HUNT MORGAN HOUSE. IN 2023-2024, WE INVESTED ALMOST $450,000 FOR A VITAL RESTORATION OF HOPEMONT, BUILT IN 1814. THE PLAQUE PROGRAM: THE BGT PLAQUE PROGRAM COULD BE CONSIDERED THE BLUE GRASS TRUST'S MOST VISIBLE PROGRAM. THE PLAQUE SERVES AS A VISUAL SYMBOL OF CIVIC PRIDE THAT IS MEANT TO SIGNIFY RESPECT AND APPRECIATION FOR THE HISTORIC VALUE OF THE PROPERTIES. IT CALLS ATTENTION TO BUILDINGS OF ARCHITECTURAL OR HISTORIC SIGNIFICANCE THAT ARE AT LEAST FIFTY YEARS OLD. OVER 800 PLAQUES HAVE BEEN AWARDED SINCE THE PROGRAM BEGAN IN THE EARLY 1970S, AND FOURTEEN NEW BUILDINGS WERE ADDED THIS YEAR.
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