Civic Intelligence

Historic Paris- Bourbon County Inc. Hopewell Museum

990 • Fiscal year 2019 • EIN 61-0947643

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

800 Pleasant StreetParis, KY 40361

(859) 987-7274

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

8th percentile

-38%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

34th percentile

-1.2%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-57%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,081,878

Down $13,102 (-1.2%) from 2018

Net Assets

Down

$1,081,878

Down $13,102 (-1.2%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$113,557

Down $147,816 (-57%) from 2018

Expenses

Down

$156,934

Down $15,693 (-9.1%) from 2018

Net Income

Down

-$43,377

Down $132,123 (-149%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $791,383Liabilities 2011: $0Net Assets 2011: $791,3832011Assets 2012: $772,308Liabilities 2012: $0Net Assets 2012: $772,3082012Assets 2013: $771,008Liabilities 2013: $0Net Assets 2013: $771,0082013Assets 2014: $830,567Liabilities 2014: $0Net Assets 2014: $830,5672014Assets 2015: $873,936Liabilities 2015: $1,542Net Assets 2015: $872,3942015Assets 2016: $1,007,378Liabilities 2016: $1,506Net Assets 2016: $1,005,8722016Assets 2017: $1,026,740Liabilities 2017: $0Net Assets 2017: $1,026,7402017Assets 2018: $1,094,980Liabilities 2018: $0Net Assets 2018: $1,094,9802018Assets 2019: $1,081,878Liabilities 2019: $0Net Assets 2019: $1,081,8782019Assets 2020: $1,182,475Liabilities 2020: $0Net Assets 2020: $1,182,4752020Assets 2021: $1,200,351Liabilities 2021: $0Net Assets 2021: $1,200,3512021Assets 2022: $1,085,480Liabilities 2022: $0Net Assets 2022: $1,085,4802022Assets 2023: $1,097,241Liabilities 2023: $0Net Assets 2023: $1,097,2412023Assets 2024: $1,151,528Liabilities 2024: $0Net Assets 2024: $1,151,5282024

Highlighted filing

2019

Assets$1,081,878
Liabilities$0
Net Assets$1,081,878

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $100,955Expenses 2011: $126,543Net Income 2011: -$25,5882011Revenue 2012: $103,191Expenses 2012: $122,266Net Income 2012: -$19,0752012Revenue 2013: $122,823Expenses 2013: $124,124Net Income 2013: -$1,3012013Revenue 2014: $200,109Expenses 2014: $140,550Net Income 2014: $59,5592014Revenue 2015: $209,460Expenses 2015: $165,621Net Income 2015: $43,8392015Revenue 2016: $268,617Expenses 2016: $164,208Net Income 2016: $104,4092016Revenue 2017: $141,652Expenses 2017: $144,491Net Income 2017: -$2,8392017Revenue 2018: $261,373Expenses 2018: $172,627Net Income 2018: $88,7462018Revenue 2019: $113,557Expenses 2019: $156,934Net Income 2019: -$43,3772019Revenue 2020: $193,507Expenses 2020: $124,091Net Income 2020: $69,4162020Revenue 2021: $102,234Expenses 2021: $139,914Net Income 2021: -$37,6802021Revenue 2022: $85,503Expenses 2022: $128,971Net Income 2022: -$43,4682022Revenue 2023: $111,535Expenses 2023: $137,746Net Income 2023: -$26,2112023Revenue 2024: $120,511Expenses 2024: $102,001Net Income 2024: $18,5102024

Highlighted filing

2019

Revenue$113,557
Expenses$156,934
Net Income-$43,377
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.0
Gross Receipts
$303,037
Mission and Program Overview

Mission

The organization's mission is to preserve and foster a knowledge

The organization's mission is to preserve and foster a knowledge of and apperciation for culture, history, art and architecture, with special emphasis on the unique features of bourbon county and the surrounding region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$652,086$653,993▲ $1,907
Savings and Temporary Cash Investments$85,575$85,721▲ $146
Cash and Non-Interest-Bearing Accounts$125,693$63,491▼ $62,202
Inventories for Sale or Use$13,893$12,421▼ $1,472
Total Assets$1,094,980$1,081,878▼ $13,102
Other Assets Total$217,733$266,252▲ $48,519
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,090,781$1,078,281▼ $12,500
Net Assets With Donor Restrictions$4,199$3,597▼ $602
Total Net Assets Fund Balance$1,094,980$1,081,878▼ $13,102
Total Liabilities and Net Assets / Fund Balance$1,094,980$1,081,878▼ $13,102

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$642,113$339,472$981,585
Other Land Buildings$4,380$54,862$59,242
Equipment-$12,249$12,249
Land$7,500-$7,500
Other Assets Org$266,252--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$217,733-▲ $20,771-$266,252
2018$203,087$30,000▼ $14,086-$217,733
2017$174,491-▲ $29,718-$203,087
2016$141,679$18,084▲ $15,703-$174,491
2015$82,480$55,420▲ $4,607-$141,679
Compensation and Service Providers

Board Members and Trustees

NameTitle
Catesby SimpsonPresident
Allison CoxDirector
Angela RobertsDirector
Betsy KephartDirector
Betty OverlyDirector
Candace LaneDirector
Clotine KissickDirector
Cynthia CriswellDirector
Elaine DeutschDirector
Lucy CooperDirector
Sharon FieldsDirector
Russell BrunnerCo-treasurer
Tom MooreCo-treasurer
Kathleen CarterSecretary
Doris McfarlandVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$70,993
Program Service Revenue
$15,172
Investment Income
$20,771
Other Revenue
$6,621
All Other Contributions
$51,218
Change in Net Assets
$-43,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,223
Salaries, Compensation, and Employee Benefits$42,711
Total Fundraising Expense$3,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,800$5,775$1,925$38,500
Depreciation Depletion$24,385$5,419$301$30,105
Occupancy$21,550$4,789$266$26,605
Office Expenses$12,496$2,777$154$15,427
Insurance$11,199$2,489$138$13,826
Payroll Taxes$2,356$442$147$2,945
All Other Expenses$770$1,413-$2,183
Other Expenses$2,125$1,987-$1,987
Fees for Service Investment Mgmnt Fees-$1,448-$1,448
Other Employee Benefits$1,266--$1,266
Advertising$486-$486$972
Fees for Services Accounting-$600-$600
Total Functional Expenses$126,378$27,139$3,417$156,934
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,510
Fundraising Direct Expenses$11,569
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
No
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 6

The organization has dues paying members who recieve special benefits such as free admission to the museum, a bi-monthly newsletter and annual yearbook; and discounts for events, workshops, and the gift shop. The only governance responsibility of a member is to attend the bi-annual meeting to approve the slate of newly selected officers. The members have no responsibility to seek or approve a post which has been vacated by an officer. In addition, members are not entitled to recieve distributions of income or assets from the organization.

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

The treasurer reviews the form 990 with the board's executive committee consisting of five to six members. Upon approval by the committee, the 990 is presented to the board at a regular meeting for approval to be filed. The acceptance of the return to be filed is recorded in the minutes as such.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and forms 990 are available for public inspection at the offices, during regular business hours, located at 800 pleasant street, paris, ky.

Filing and Contact Details

Filer

Filer Name
Historic Paris-bourbon County Inc
EIN
61-0947643
Phone
8599877274
Address
800 PLEASANT STREET, PARIS, KY 40361
Doing Business As
Hopewell Museum

Signing Officer

Name
Tom Moore
Title
Co-treasurer
Phone
8599877274
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catesby Simpson
Formed
1978
Legal Domicile
Ky
Voting Board Members
15
Independent Board Members
15
Employees
2

Preparer

Firm
Murray Aaron Petrey Pllc
Address
903 W LEXINGTON AVE STE 1, WINCHESTER, KY 40391
Preparer
Colleen V Murray CPA
Phone
8597447722
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's mission is to preserve and foster a knowledge of and apperciation for culture, history, art and architecture, with special emphasis on the unique features of bourbon county and the surrounding region.

Financial Statement Notes

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

The hopewell museum has obtained over the years numerous artifacts, documents, and art works, and in accordance with sfas no.116 paragraph 27, the organization has not recognized nor capitalized its collections, for there is major uncertainty concerning the existence of value and lack of alternative uses for the collection. The collections are preserved and maintained because of their potential historical and educational use, in that they may be of interest to future researchers, historians, or others interested in studying the area. The following is a list of the major collections: framed regimental flag of the civil war era for the "hamilton guards", also known as, "the orphan brigade". Various tools and implements related to argiculture and farming: including a fodder cutter, seed scraper, tobacco knives, bluegrass seed stripper, hemp brake, tobacco basket, and bourbon barrel. Framed set of five 1877 maps of bourbon county: millersburg, paris, north middletown, ruddels mills, clintonville, and flat rock. Old loom for weaving and a spinning wheel. Collection of carpenter's tools: many wood planers, bits, braces, hoes, picks, block and tackle, broad axes, and hammers. Various books on local and regional history and art. Various school books and novels of kentucky interest. Various framed poraits and painted scenes of regional interest. The organization's mission is to preserve and foster a knowledge of and appreciation for culture, history, art and architecture.

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IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2OTHER
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IRS990/ReportOtherAssetsInd0true
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 23,502
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.12$0.10$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.11$0.14$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.09$0.13$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.10$0.14$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.19$0.12$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.11$0.16$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.26$0.17$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.00$1.03$0.14$0.14$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.00$1.01$0.27$0.16$0.10
2015Summary only. Only limited summary data is available for this year.$0.87$0.00$0.87$0.21$0.17$0.04
2014Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.20$0.14$0.06
2013Summary only. Only limited summary data is available for this year.$0.77$0.00$0.77$0.12$0.12$0.00
2012Summary only. Only limited summary data is available for this year.$0.77$0.00$0.77$0.10$0.12$0.02
2011Summary only. Only limited summary data is available for this year.$0.79$0.00$0.79$0.10$0.13$0.03