Totals
- Total revenue
- $2,931,771
- Total expenses
- $2,078,237
- Contributions and grants received
- $1,046,500
- Grants paid
- $0
- Program service revenue
- $1,936,371
- Investment income
- -$119,806
- Other revenue
- $68,706
- Total assets, end of year
- $38,319,132
- Total liabilities, end of year
- $385,601
- Net assets or fund balances, end of year
- $37,933,531
- Program services expenses (Part IX)
- $1,591,398
- Management and general expenses
- $486,839
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,591,398
Program services were 76.6% 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.
-
1e · Government grants (contributions)
$204,134
-
1f · All other contributions, gifts and grants
$842,366
-
2a · Program service revenue: GARDEN AND STABLE YARDS
total $703,900 · related or exempt $703,900
-
2b · Program service revenue: MIDDLETON PLACE HOUSE ADMISSIONS
total $541,199 · related or exempt $541,199
-
2c · Program service revenue: EDMONDSTON-ALSTON HOUSE ADMISSION
total $356,163 · related or exempt $356,163
-
2d · Program service revenue: MEMBERSHIPS
total $175,009 · related or exempt $175,009
-
2e · Program service revenue: SERVICE REVENUE
total $108,131 · related or exempt $108,131
-
2f · All other program service revenue
total $51,969 · related or exempt $51,969
-
3 · Investment income
total $167,982 · excluded $167,982
-
7b · Less cost or other basis and sales expenses
securities $287,788
-
7c · Gain or loss
securities -$287,788
-
7d · Net gain or loss
total -$287,788 · excluded -$287,788
-
10a · Gross sales of inventory
$8,092
-
10b · Cost of goods sold
$2,148
-
10c · Net income from sales of inventory
total $5,944 · related or exempt $5,944
-
11a · Other revenue: MISCELLANEOUS INCOME
total $62,762 · excluded $62,762
-
11e · Other revenue, total
$62,762
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $125,000 · management and general $125,000
-
7 · Other salaries and wages
total $776,931 · program services $712,054 · management and general $64,877
-
9 · Other employee benefits
total $16,266 · program services $15,314 · management and general $952
-
10 · Payroll taxes
total $70,125 · program services $54,519 · management and general $15,606
-
11f · Fees: investment management
total $36,392 · management and general $36,392
-
11g · Fees: other
total $136,296 · program services $19,898 · management and general $116,398
-
12 · Advertising and promotion
total $11,608 · program services $9,671 · management and general $1,937
-
13 · Office expenses
total $481,258 · program services $371,099 · management and general $110,159
-
14 · Information technology
total $1,257 · program services $603 · management and general $654
-
16 · Occupancy
total $229,471 · program services $224,050 · management and general $5,421
-
17 · Travel
total $2,010 · program services $1,409 · management and general $601
-
19 · Conferences, conventions and meetings
total $1,620 · program services $954 · management and general $666
-
22 · Depreciation, depletion and amortization
total $166,316 · program services $166,316
-
23 · Insurance
total $22,465 · program services $14,289 · management and general $8,176
-
24a · Other expenses: EXHIBIT EXPENSE
total $1,019 · program services $1,019
-
24b · Other expenses: CONSERVATION EXPENSES
total $203 · program services $203
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $348,694 · end of year $245,531
-
2 · Savings and temporary cash investments
beginning of year $1,726,861 · end of year $1,654,957
-
4 · Accounts receivable
beginning of year $5,729,018 · end of year $7,262,363
-
8 · Inventories for sale or use
beginning of year $47,777
-
9 · Prepaid expenses and deferred charges
end of year $27,234
-
10a · Land, buildings and equipment: cost or other basis
$7,828,059
-
10b · Land, buildings and equipment: accumulated depreciation
$2,029,940
-
10c · Land, buildings and equipment, net
beginning of year $5,950,949 · end of year $5,798,119
-
11 · Investments: publicly traded securities
beginning of year $4,208,155 · end of year $4,292,263
-
13 · Investments: program-related
beginning of year $19,038,665 · end of year $19,038,665
-
17 · Accounts payable and accrued expenses
beginning of year $277,992 · end of year $264,469
-
19 · Deferred revenue
beginning of year $111,700 · end of year $121,132
-
24 · Unsecured notes and loans payable
beginning of year $204,134 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $33,534,141 · end of year $34,917,922
-
28 · Net assets with donor restrictions
beginning of year $2,922,152 · end of year $3,015,609
Mission and programs · 2022
Mission
TO SUSTAIN THE HIGHEST LEVELS OF PRESERVATION AND INTERPRETATION FOR THE COLLECTIONS AND PROGRAMS OF THE MIDDLETON PLACE NATIONAL HISTORIC LANDMARK, ITS GARDENS, HOUSE, PLANTATION STABLEYARDS AND THE EDMONDSTON-ALSTON HOUSE MUSEUM.
Activities or mission (Part I)
TO SUSTAIN THE HIGHEST LEVELS OF PRESERVATION AND INTERPRETATION FOR MIDDLETON PLACE.
-
THE MIDDLETON PLACE FOUNDATION OWNS AND OPERATES THE GARDENS, HOUSE MUSEUM, AND PLANTATION STABLEYARDS AT MIDDLETON PLACE AND MANAGES THE EDMONDSTON-ALSTON HOUSE MUSEUM ON EAST BATTERY STREET IN DOWNTOWN CHARLESTON.
Expenses $1,591,398 · Revenue $1,942,315
As filed on the 2022 return.
Listed in Part VII
-
Mike LaughlinMIKE LAUGHLIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Pierre ManigaultPIERRE MANIGAULT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Charles DuellCHARLES DUELL
PRESIDENT EMERITUS
- Total calculated
- $104,215
- From this org
- $0
- From related orgs
- $100,000
- Other
- $4,215
- Hours/week
- 25
-
Sallie DuellSALLIE DUELL
PRESIDENT EMERITUS
- Total calculated
- $4,215
- From this org
- $0
- From related orgs
- $0
- Other
- $4,215
- Hours/week
- 1
-
Richard LeademRICHARD LEADEM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Caroline PalmerCAROLINE PALMER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert BellingerROBERT BELLINGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott BessentSCOTT BESSENT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Olivia BrockOLIVIA BROCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Herbert DraytonHERBERT DRAYTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Arthur Ac GeorgeARTHUR AC GEORGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan GreenJONATHAN GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hank HollidayHANK HOLLIDAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim KuykJIM KUYK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Earl McMillenEARL MCMILLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lee PringleLEE PRINGLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ascanio SerenaASCANIO SERENA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anne TinkerANNE TINKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracey ToddTRACEY TODD
CEO
- Total calculated
- $125,000
- From this org
- $0
- From related orgs
- $125,000
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
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.
-
MIDDLETON PLACE PRESERVATION FOUNDATION
501(C)(3) · TO SERVE AS DONOR AND TRUSTEE OF THE MIDDLETON PLACE FOUNDATION · SC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MIDDLETON OPERATING CORPORATION
C · TOURS & RENTALS · SC · 100% owned · share of assets $837
Directly controlled by MIDDLETON PLACE FOUNDATION
-
MIDDLETON PLACE REGISTERED NATIONAL HISTORIC LANDMARK INC
C · ADMISSIONS, MUSEUM SHOP & CATERING/RESTAURANT · SC · 100% owned · share of income $5,847,151 · share of assets $3,733,450
Directly controlled by MIDDLETON PLACE FOUNDATION
-
THE INN AT MIDDLETON PLACE LLC
C · INN/LODGING · SC · 100% owned · share of income $2,204,092 · share of assets $10,962,733
Directly controlled by MIDDLETON PLACE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349307504
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