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Nonprofiteer
← PRESERVATION TRUST OF VERMONT INC

Form 990 for tax year 2024

Filed by PRESERVATION TRUST OF VERMONT INC.

Totals

Total revenue
$6,224,616
Total expenses
$5,221,816
Contributions and grants received
$5,410,157
Grants paid
$4,070,508
Program service revenue
$14,387
Investment income
$800,072
Other revenue
$0
Total assets, end of year
$13,278,172
Total liabilities, end of year
$134,013
Net assets or fund balances, end of year
$13,144,159
Program services expenses (Part IX)
$4,728,561
Management and general expenses
$350,043
Fundraising expenses
$143,212
Program service expenses (Part III)
$4,728,561

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,410,157

  • 1g · Noncash contributions included above

    $830,518

  • 2a · Program service revenue: CONFERENCE & RETREAT FEES

    total $14,387 · related or exempt $14,387

  • 3 · Investment income

    total $277,770 · excluded $277,770

  • 7a · Gross sales of assets other than inventory

    securities $1,743,141

  • 7b · Less cost or other basis and sales expenses

    securities $1,220,839

  • 7c · Gain or loss

    securities $522,302

  • 7d · Net gain or loss

    total $522,302 · excluded $522,302

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,984,908 · program services $3,984,908

  • 2 · Grants to domestic individuals

    total $85,600 · program services $85,600

  • 5 · Compensation of officers, directors and key employees

    total $154,846 · program services $108,392 · management and general $15,485 · fundraising $30,969

  • 7 · Other salaries and wages

    total $476,872 · program services $316,695 · management and general $92,178 · fundraising $67,999

  • 8 · Pension plan contributions

    total $18,283 · program services $12,302 · management and general $3,116 · fundraising $2,865

  • 9 · Other employee benefits

    total $29,507 · program services $20,655 · management and general $2,951 · fundraising $5,901

  • 10 · Payroll taxes

    total $53,791 · program services $36,197 · management and general $9,168 · fundraising $8,426

  • 11b · Fees: legal

    total $1,043 · program services $1,043

  • 11c · Fees: accounting

    total $19,790 · management and general $19,790

  • 11d · Fees: lobbying

    total $22,720 · program services $22,720

  • 11f · Fees: investment management

    total $54,156 · management and general $54,156

  • 11g · Fees: other

    total $12,556 · program services $5,039 · management and general $2,488 · fundraising $5,029

  • 13 · Office expenses

    total $17,659 · program services $3,969 · management and general $13,589 · fundraising $101

  • 14 · Information technology

    total $16,117 · program services $77 · management and general $14,404 · fundraising $1,636

  • 16 · Occupancy

    total $34,340 · program services $4,999 · management and general $29,341

  • 17 · Travel

    total $33,553 · program services $23,326 · management and general $9,398 · fundraising $829

  • 19 · Conferences, conventions and meetings

    total $63,343 · program services $42,628 · management and general $20,674 · fundraising $41

  • 20 · Interest

    total $5,329 · program services $5,329

  • 21 · Payments to affiliates

    total $41,388 · program services $41,388

  • 22 · Depreciation, depletion and amortization

    total $54,855 · management and general $54,855

  • 23 · Insurance

    total $18,971 · program services $11,468 · management and general $6,644 · fundraising $859

  • 24a · Other expenses: PRINTING & PUBLICATIONS

    total $18,554 · fundraising $18,554

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $3,365 · program services $1,760 · management and general $1,605

  • 24c · Other expenses: BANK CHARGES

    total $270 · program services $66 · management and general $201 · fundraising $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $123,172

  • 2 · Savings and temporary cash investments

    beginning of year $1,699,715 · end of year $2,074,615

  • 7 · Other notes and loans receivable

    beginning of year $30,000 · end of year $60,722

  • 10a · Land, buildings and equipment: cost or other basis

    $429,048

  • 10b · Land, buildings and equipment: accumulated depreciation

    $181,232

  • 10c · Land, buildings and equipment, net

    beginning of year $258,668 · end of year $247,816

  • 11 · Investments: publicly traded securities

    beginning of year $7,974,239 · end of year $8,330,442

  • 13 · Investments: program-related

    beginning of year $1,450,121 · end of year $1,406,118

  • 15 · Other assets

    beginning of year $1,035,939 · end of year $1,035,287

  • 23 · Secured mortgages and notes payable

    beginning of year $138,136 · end of year $134,013

  • 25 · Other liabilities

    beginning of year $1,476 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,054,423 · end of year $5,169,901

  • 28 · Net assets with donor restrictions

    beginning of year $7,254,647 · end of year $7,974,258

Mission and programs · 2024

Mission

TO INITIATE, STIMULATE, AND ASSIST LOCAL AND STATEWIDE EFFORTS TO PRESERVE AND USE VERMONT'S RICH COLLECTION OF HISTORIC, ARCHITECTURAL, CULTURAL, AND COMMUNITY RESOURCES.

Activities or mission (Part I)

TO INITIATE AND ASSIST LOCAL AND STATEWIDE EFFORTS TO PRESERVE AND USE VERMONT'S RESOURCES.

  • "PRESERVATION GRANTS" - IN PARTNERSHIP WITH SEVERAL MAJOR FOUNDATIONS, THE ORGANIZATION DISTRIBUTED DIRECT SUPPORT TO OVER 360 TOWNS, INDIVIDUALS AND ORGANIZATIONS IN SUPPORT OF RESTORATION AND REHABILITATION PROJECTS THROUGHOUT VERMONT.

    Expenses $4,396,149 · Grants $4,070,508

  • THE ORGANIZATION'S ACTIVITIES WHICH CONSTITUTE THE CORE PROGRAM OF THE ORGANIZATION INCLUDE A VARIETY OF EDUCATIONAL, TECHNICAL SUPPORT, AND OTHER DIRECT FINANCIAL ASSISTANCE PROGRAMS FOCUSING ON A WIDE RANGE OF PRESERVATION ISSUES IN THE STATE.

    Expenses $332,412 · Revenue $14,387

As filed on the 2024 return.

Listed in Part VII

  • LIZ GAMACHE

    CHAIR (END FY25)

    Total calculated
    $0
    Hours/week
    3

  • MARK BEAMS

    VICE-CHAIR (END FY25)

    Total calculated
    $0
    Hours/week
    3

  • JUSTIN MCCABE

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • INA SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • TED BRADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • AMY CUNNINGHAM

    VICE-CHAIR (START FY25)

    Total calculated
    $0
    Hours/week
    3

  • CHRISTINE GRAHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JAIME LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • NEAL LUNDERVILLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DAVID MARVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CHARLIE SINCERBEAUX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DAVID TAPLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • EMILY WADHAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • PAUL WYNCOOP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • VIKAS MANGIPUDI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • EMILY MACLURE

    DIRECTOR (START FY25)

    Total calculated
    $0
    Hours/week
    3

  • JOHN WADHAMS

    CHAIR (START FY25)

    Total calculated
    $0
    Hours/week
    3

  • BEN DOYLE

    EXECUTIVE DIRECTOR

    Total calculated
    $151,378
    From this org
    $147,324
    From related orgs
    $0
    Other
    $4,054
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $147,324
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,054 related
    Nontaxable benefits
    $0
    Filer's total
    $147,324 + $4,054 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202632299349300028

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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