Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $14,911

• 1c · Fundraising events

  $100

• 1e · Government grants (contributions)

  $986,214

• 1f · All other contributions, gifts and grants

  $188,232

• 1g · Noncash contributions included above

  $24,000

• 2a · Program service revenue: FEES FOR SERVICE

  total $20,915 · related or exempt $20,915

• 2b · Program service revenue: PROPERTY MANAGEMENT

  total $11,830 · related or exempt $11,830

• 2c · Program service revenue: MISCELLANEOUS

  total $3,955 · related or exempt $3,955

• 3 · Investment income

  total $147,310 · excluded $147,310

• 6a · Gross rents

  real property $45,150

• 6c · Rental income or loss

  real property $45,150

• 6d · Net rental income or loss

  total $45,150 · related or exempt $45,150

• 8a · Fundraising events: gross income

  $137,402

• 8a · Fundraising events: contributions included on line 1c

  $100

• 8b · Fundraising events: direct expenses

  $42,261

• 8c · Net income from fundraising events

  total $95,141

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $100 · excluded $100

• 11e · Other revenue, total

  $100

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $713,146 · program services $403,931 · management and general $183,883 · fundraising $125,332

• 8 · Pension plan contributions

  total $34,437 · program services $17,996 · management and general $9,735 · fundraising $6,706

• 9 · Other employee benefits

  total $22,744 · program services $10,039 · fundraising $12,705

• 10 · Payroll taxes

  total $55,584 · program services $31,796 · management and general $14,040 · fundraising $9,748

• 11g · Fees: other

  total $37,058 · program services $34,380 · management and general $2,678

• 12 · Advertising and promotion

  total $9,815 · management and general $9,815

• 13 · Office expenses

  total $42,701 · program services $23,120 · management and general $14,537 · fundraising $5,044

• 14 · Information technology

  total $52,869 · program services $37,889 · management and general $9,692 · fundraising $5,288

• 16 · Occupancy

  total $101,521 · program services $89,434 · management and general $7,063 · fundraising $5,024

• 17 · Travel

  total $14,759 · program services $10,225 · management and general $2,638 · fundraising $1,896

• 19 · Conferences, conventions and meetings

  total $8,370 · program services $8,370

• 22 · Depreciation, depletion and amortization

  total $29,543 · program services $29,543

• 23 · Insurance

  total $21,230 · program services $14,850 · management and general $6,380

• 24a · Other expenses: PROGRAM EXPENSES

  total $92,238 · program services $92,238

• 24b · Other expenses: CIVIL RIGHTS PROGRAM

  total $20,161 · program services $20,161

• 24c · Other expenses: MISCELLANEOUS

  total $2,218 · program services $1,576 · management and general $385 · fundraising $257

• 24d · Other expenses: EVENTS

  total $1,191 · program services $335 · management and general $856

• 24e · All other expenses

  total -$37,596 · program services -$37,596

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $144,282 · end of year $275,055

• 3 · Pledges and grants receivable

  beginning of year $874,506 · end of year $1,207,579

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,403 · end of year $1,874

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

  $2,377,332

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

  $1,846,454

• 10c · Land, buildings and equipment, net

  beginning of year $403,441 · end of year $530,878

• 11 · Investments: publicly traded securities

  beginning of year $1,345,908 · end of year $1,196,328

• 12 · Investments: other securities

  end of year $457,968

• 15 · Other assets

  beginning of year $5,586 · end of year $32

• 17 · Accounts payable and accrued expenses

  beginning of year $109,731 · end of year $630,474

• 19 · Deferred revenue

  beginning of year $69,280 · end of year $73,970

• 25 · Other liabilities

  end of year $52,713

• 27 · Net assets without donor restrictions

  beginning of year $1,577,679 · end of year $1,745,037

• 28 · Net assets with donor restrictions

  beginning of year $1,025,436 · end of year $1,167,520

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 5A

KATHLEEN CROWDER AND TOM JORGENSEN RECEIVE A NON-FIXED PAYMENT THAT CONTAINS COMPONENTS BASED UPON THE REVENUES OF CRS.

SCHEDULE J, PAGE 1, PART I, LINE 6A

KATHLEEN CROWDER AND TOM JORGENSEN RECEIVE A NON-FIXED PAYMENT THAT CONTAINS COMPONENTS BASED UPON THE NET EARNINGS OF CRS.

SCHEDULE J, PAGE 1, PART I, LINE 7

KATHLEEN CROWDER AND TOM JORGENSEN RECEIVE A NON-FIXED PAYMENT THAT CONTAINS COMPONENTS BASED UPON THE REVENUES AND NET EARNINGS OF CRS.

SCHEDULE J, PART III

DURING 2023 MS. CROWTHER WAS THE SUBJECT OF A BONUS PROGRAM WHICH INVOLVED QUALITATIVE AND QUANTITATIVE MEASURES ASSESSED BY THE COMPENSATION COMMITTEE. THESE MEASURES AND THEIR WEIGHTINGS WERE AS FOLLOWS: "LEADERSHIP IN HISTORIC PRESERVATION - 20%. "LEADERSHIP OF THE BOARD AND STAFF OF CRS - 20% "5-YEAR STRATEGIC PLAN (2022 - 2026) - PROGRESS IN 2023 - GOAL 1: PRESERVE OUR LEGACY OF OLDER AND HISTORIC HOUSING. WE WILL MAKE STRATEGIC USE OF CRS'S KEYSTONE HERITAGE HOME PROGRAMSM TO PRESERVE AND MAINTAIN HISTORIC HOUSING THROUGHOUT THE REGION, INCREASE OUR ORGANIZATION'S INFLUENCE, AND REACH MORE NEIGHBORHOODS AND COMMUNITIES OF VARYING SOCIOECONOMIC LEVELS. - 10% - GOAL 2. PRESERVE SIGNIFICANT HISTORIC PROPERTIES USING A WIDE ARRAY OF TOOLS THROUGH PRESERVATION SERVICES. WE WILL PRESERVE HISTORIC BUILDINGS, EXPAND OUR WORK WITH OLDER COMMERCIAL DISTRICTS, AND FOSTER VIBRANT AND DIVERSE COMMUNITIES THROUGH STRATEGIC USE OF DIRECT ACTION, FINANCIAL TOOLS, HISTORIC DESIGNATION, LEGAL ENGAGEMENT, MARKETING, AND TECHNICAL ASSISTANCE.- 10% - GOAL 3. DEEPEN COMMUNITY ENGAGEMENT. WE WILL INCREASE OUR VISIBILITY IN THE COMMUNITY AND BUILD STRATEGIC PARTNERSHIPS AMONG AN EXPANDED NETWORK OF DIVERSE AND COLLABORATIVE STAKEHOLDERS. - 10% OGOAL 4. INCREASE APPRECIATION FOR THE IMPORTANCE OF PRESERVATION. WE WILL INCREASE THE PUBLIC'S APPRECIATION FOR PRESERVATION'S VITAL ROLE IN THE REGION'S FUTURE WITH EXPANDED EDUCATION AND ADVOCACY EFFORTS ALIGNED WITH OUR DIRECT ACTION AND REFLECTIVE OF CLEVELAND'S DIVERSE CULTURAL HERITAGE. - 10% - GOAL 5. EXPAND OUR COMMITMENT TO INCLUSIVITY. WE WILL ENHANCE EXISTING PUBLIC-FACING PROGRAMS, SUPPORT NEW STRATEGIC AREAS OF INTEREST, AND INVEST IN TRAINING TO NURTURE A MORE DIVERSE AND INCLUSIVE CRS. - 10% - GOAL 6: STRENGTHENING OUR ORGANIZATIONAL FOUNDATION. WE WILL ALIGN PROGRAMS AND FUNDING SOURCES TO FOCUS ON DIRECT ACTION, STRATEGIC PARTNERSHIPS, EDUCATION, AND ADVOCACY. WE WILL BUILD THE INTERNAL CAPACITY TO GROW OUR FINANCIAL SUSTAINABILITY AND EMPOWER A TALENTED BOARD AND PROFESSIONAL STAFF. - 10%. MS. CROWTHER WAS EVALUATED AND SCORED IN EACH CATEGORY BY THE MEMBERS OF THE COMPENSATION COMMITTEE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HISTORIC NEWTON AVENUE LLC

  SEE PT.VII · OH

  Directly controlled by CRS