Civic Intelligence

Historic Locust Grove Inc

EIN 61-1390403 • 501(c)3 • Louisville, KY

Profile

Preserve, restore and operate locust grove, a national historic landmark

561 Blankenbaker LaneLouisville, KY 40207

locustgrove.org

Siviq Scores

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

Liabilities / Assets

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.09x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

15th percentile

-16%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-2.3%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,885,461

Down $1,484,072 (-14%) from 2023

Liabilities

Down

$74,362

Down $1,714,599 (-96%) from 2023

Net Assets

Up

$8,811,099

Up $230,527 (+2.7%) from 2023

Revenue

Down

$851,436

Down $20,312 (-2.3%) from 2023

Expenses

Up

$983,819

Up $78,619 (+8.7%) from 2023

Net Income

Down

-$132,383

Down $98,931 (-296%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $3,892,301Liabilities 2011: $44,365Net Assets 2011: $3,847,9362011Assets 2012: $3,889,551Liabilities 2012: $38,172Net Assets 2012: $3,851,3792012Assets 2013: $3,986,892Liabilities 2013: $41,221Net Assets 2013: $3,945,6712013Assets 2014: $4,053,439Liabilities 2014: $65,938Net Assets 2014: $3,987,5012014Assets 2015: $4,071,557Liabilities 2015: $60,897Net Assets 2015: $4,010,6602015Assets 2017: $4,219,181Liabilities 2017: $82,114Net Assets 2017: $4,137,0672017Assets 2018: $7,048,318Liabilities 2018: $92,224Net Assets 2018: $6,956,0942018Assets 2019: $7,626,131Liabilities 2019: $92,936Net Assets 2019: $7,533,1952019Assets 2020: $7,462,305Liabilities 2020: $123,671Net Assets 2020: $7,338,6342020Assets 2021: $8,658,447Liabilities 2021: $161,953Net Assets 2021: $8,496,4942021Assets 2022: $9,808,619Liabilities 2022: $1,559,927Net Assets 2022: $8,248,6922022Assets 2023: $10,369,533Liabilities 2023: $1,788,961Net Assets 2023: $8,580,5722023Assets 2024: $8,885,461Liabilities 2024: $74,362Net Assets 2024: $8,811,0992024

Highlighted filing

2024

Assets$8,885,461
Liabilities$74,362
Net Assets$8,811,099

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $559,2162011Expenses 2012: $511,5492012Expenses 2013: $515,3992013Revenue 2014: $531,819Expenses 2014: $580,671Net Income 2014: -$48,8522014Revenue 2015: $597,766Expenses 2015: $570,731Net Income 2015: $27,0352015Revenue 2017: $673,206Expenses 2017: $654,774Net Income 2017: $18,4322017Revenue 2018: $3,626,979Expenses 2018: $715,353Net Income 2018: $2,911,6262018Revenue 2019: $1,295,426Expenses 2019: $894,093Net Income 2019: $401,3332019Revenue 2020: $713,362Expenses 2020: $977,764Net Income 2020: -$264,4022020Revenue 2021: $884,636Expenses 2021: $606,276Net Income 2021: $278,3602021Revenue 2022: $973,903Expenses 2022: $707,231Net Income 2022: $266,6722022Revenue 2023: $871,748Expenses 2023: $905,200Net Income 2023: -$33,4522023Revenue 2024: $851,436Expenses 2024: $983,819Net Income 2024: -$132,3832024

Highlighted filing

2024

Revenue$851,436
Expenses$983,819
Net Income-$132,383

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.89$0.07$8.81$0.85$0.98$0.13
2023Detailed filing. Detailed filing data is available for this year.$10.4$1.79$8.58$0.87$0.91$0.03
2022Detailed filing. Detailed filing data is available for this year.$9.81$1.56$8.25$0.97$0.71$0.27
2021Detailed filing. Detailed filing data is available for this year.$8.66$0.16$8.50$0.88$0.61$0.28
2020Detailed filing. Detailed filing data is available for this year.$7.46$0.12$7.34$0.71$0.98$0.26
2019Detailed filing. Detailed filing data is available for this year.$7.63$0.09$7.53$1.30$0.89$0.40
2018Detailed filing. Detailed filing data is available for this year.$7.05$0.09$6.96$3.63$0.72$2.91
2017Detailed filing. Detailed filing data is available for this year.$4.22$0.08$4.14$0.67$0.65$0.02
2015Detailed filing. Detailed filing data is available for this year.$4.07$0.06$4.01$0.60$0.57$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.05$0.07$3.99$0.53$0.58$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$0.04$3.95$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.04$3.85$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.04$3.85$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,490,412
Mission and Program Overview

Mission

Preserve, restore and operate locust grove, a national historic landmark

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,216,016$4,087,741▼ $128,275
Investments Program Related$3,239,995$3,547,778▲ $307,783
Cash and Non-Interest-Bearing Accounts$2,331,657$612,450▼ $1,719,207
Savings and Temporary Cash Investments$154,396$122,917▼ $31,479
Inventories for Sale or Use$24,075$28,613▲ $4,538
Prepaid Expenses and Deferred Charges$10,365$10,942▲ $577
Total Assets$10,369,533$8,885,461▼ $1,484,072
Other Assets Total$393,029$475,020▲ $81,991
Liabilities
Deferred Revenue$38,370$46,434▲ $8,064
Accounts Payable and Accrued Expenses$1,750,591$27,928▼ $1,722,663
Total Liabilities$1,788,961$74,362▼ $1,714,599
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,451,101$4,985,872▼ $1,465,229
Net Assets Without Donor Restrictions$2,129,471$3,825,227▲ $1,695,756
Total Net Assets Fund Balance$8,580,572$8,811,099▲ $230,527
Total Liabilities and Net Assets / Fund Balance$10,369,533$8,885,461▼ $1,484,072

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,290,064--
Buildings$1,232,982$944,669-
Other Land Buildings$2,854,759$305,876-
Equipment$0$39,771-
Other Assets Org$475,020--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,633,025-▲ $356,052-$3,989,077
2022$3,429,406-▲ $203,619-$3,633,025
2021$2,422,870$1,006,536--$3,429,406
2020$2,422,870---$2,422,870
2019$2,422,870---$2,422,870
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol ElyExecutive DirectorFT$78,000$78,000

Board Members and Trustees

NameTitle
Chris ChappellPresident
Elizabeth Dieruf1st Vice President
Brenda Tuckson2nd Vice President
Alan LodgeMember at Large
Alex KepnesMember at Large
Andrea MeriwetherMember at Large
Ann GeorgeheadMember at Large
Ed JamesMember at Large
George PlagerMember at Large
Janet MullerMember at Large
Joe PiersonMember at Large
Ken HarringtonMember at Large
Margy ThomasMember at Large
Rosie MastinMember at Large
Tyler FlemingMember at Large
Tyler ThompsonMember at Large
Del Marie VaccaroSecretary
Christopher GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$371,023
Program Service Revenue
$69,114
Investment Income
$210,313
Other Revenue
$200,986
All Other Contributions
$356,993
Change in Net Assets
$-132,383

Audited Revenue Reconciliation

Revenue per Audited Statements
$851,436
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$340,662
Total Revenue per Audited Statements
$1,192,098
Total Revenue per Form 990
$851,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$544,085
Other Expenses$439,734
Total Fundraising Expense$127,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$267,071$89,024$89,024$445,119
Depreciation Depletion$109,034$19,241-$128,275
Other Employee Benefits$38,926$12,975$12,975$64,876
Payroll Taxes$20,454$6,818$6,818$34,090
Occupancy$19,577$4,789$3,636$28,002
Fees for Services Accounting-$25,217-$25,217
Office Expenses-$20,404$4,394$24,798
Advertising$18,566$5,379-$23,945
Insurance$10,849$2,034$678$13,561
Other Expenses$2,451$2,914$10,175$2,451
Travel$356$121$118$595
Total Functional Expenses$667,085$188,916$127,818$983,819

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$999,668
Expenses per Audited Statements$983,819
Total Expenses per Form 990$983,819
Expenses Not Reported on Form 990$15,849
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$173,092
Fundraising Direct Expenses$49,663
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Book Sales$77,839$77,839$24,169$53,670
Garden Fair$37,461$37,461$13,829$23,632
Total Events$173,092$173,092$49,663$123,429
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7B

Decisions of the board of directors are subject to approval by the louisville metro government, the owner of the historical home and surrounding property with organization maintains.

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

The executive director and members of the board of directors review the 990 before it is filed with internal revenue service.

Form 990, Part VI, Section B, line 12C

The board of directors are obligated to disclose any conflicts of interest as a requirement of their volunteer service.

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

At the original hire date, the board of directors used comparability studies to set the original salary of the executive director. The salary is periodically increased for cost of living adjustments.

Form 990, Part VI, Section C, line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Historic Locust Grove Inc
EIN
61-1390403
Phone
5028979845
Address
561 BLANKENBAKER LANE, LOUISVILLE, KY 40207

Signing Officer

Name
Jessica Dawkins
Title
President
Phone
5028979845
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Dawkins
Formed
2001
Legal Domicile
Ky
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Firm
Brockman Arbuckle Stapp PLLC
Address
301 East Main Street Suite 202, Louisville, KY 40202
Preparer
Terry L Stapp
Phone
5029090822
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A:

From the footnotes to the financial statements: "...operation of the buildings and improvements has been assumed by hlg for the sole purpose of operating the property as a museum home for the benefit of the general public. The collections included in the historic property have been conveyed into a perpetual trust directing that they be used for the sole benefit and use of the locust grove museum home."

Part III, Line 4:

The locust grove permanent collection consists of approximately 1660 items including late 18th and early 19th-century furniture, ceramics, metal objects of brass, silver and copper, prints, paintings, textiles, books,firearms, wooden and metal tools and domestic objects. To the extent possible, most furnishings are of ohio river valley origins supplemented with furnishings originating in other parts of the eastern u.s., relating to the geographic connections of the clark and croghan families. The furniture collection is considered by those in the field to be one of the finest of its type on public display in the upper south. The collection contains clark and croghan family portraits and miniatures, silver, books and original documents as well as military and personal artifacts of general george rogers clark. The archaeological collection contains more than 28,000 individual artifacts collected on the site since the 1960s, and is housed at the university of louisville, with a few representative pieces displayed in the site's exhibit gallery. The collections support the interpretive mission of the site, to present with the greatest accuracy possible the life of this family, the croghans, and those who lived and worked in their household, including enslaved african-americans. The centerpiece of this national historic landmark is the c. 1790 georgian-style twelve-room brick house. The house was built by william croghan, probably using the skills of regional artisans. The only remaining original outbuilding is a stone smokehouse. All other dependencies now on the property have been constructed on original foundations. The site also includes an important early stone wall, and cemetery enclosure (original materials but moved from its original site).

Part V, Line 4:

Funds will be used to preserve and maintain the organization's assets.

Part XI, Line 2D - Other Adjustments:

Rental expenses cost of goods sold

Part XII, Line 2D - Other Adjustments:

Rental expenses cost of goods sold

Raw XML AppendixShowing 400 of 599 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/Form990PartVIISectionAGrp/TitleTxt01ST VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt62ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER AT LARGE
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