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← THE SOCIETY FOR THE PRESERVATION OF FEDERAL HILL AND FELLS POINT INC

Form 990 for tax year 2023

Filed by THE SOCIETY FOR THE PRESERVATION OF FEDERAL HILL AND FELLS POINT INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
-$40,068
Total expenses
$90,625
Contributions and grants received
$8,250
Grants paid
$0
Program service revenue
$0
Investment income
-$35,222
Other revenue
-$13,096
Total assets, end of year
$2,678,579
Total liabilities, end of year
$131,144
Net assets or fund balances, end of year
$2,547,435
Program services expenses (Part IX)
$64,743
Management and general expenses
$20,698
Fundraising expenses
$5,184
Program service expenses (Part III)
$64,743

Program services were 71.4% 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.

  • 1b · Membership dues

    $50

  • 1f · All other contributions, gifts and grants

    $8,200

  • 3 · Investment income

    total $11,578 · excluded $11,578

  • 6a · Gross rents

    real property $13,200

  • 6b · Less rental expenses

    real property $120

  • 6c · Rental income or loss

    real property $13,080

  • 6d · Net rental income or loss

    total $13,080 · excluded $13,080

  • 7a · Gross sales of assets other than inventory

    securities $265,019

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

    securities $311,819

  • 7c · Gain or loss

    securities -$46,800

  • 7d · Net gain or loss

    total -$46,800 · excluded -$46,800

  • 8a · Fundraising events: gross income

    $349,476

  • 8b · Fundraising events: direct expenses

    $375,652

  • 8c · Net income from fundraising events

    total -$26,176 · excluded -$26,176

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $16,500 · program services $13,332 · management and general $3,168

  • 11g · Fees: other

    total $14,628 · program services $11,819 · management and general $2,809

  • 12 · Advertising and promotion

    total $9,000 · program services $9,000

  • 13 · Office expenses

    total $1,376 · program services $620 · management and general $688 · fundraising $68

  • 19 · Conferences, conventions and meetings

    total $501 · program services $371 · management and general $130

  • 20 · Interest

    total $12,728 · program services $10,182 · management and general $1,273 · fundraising $1,273

  • 22 · Depreciation, depletion and amortization

    total $8,268 · program services $6,614 · management and general $827 · fundraising $827

  • 23 · Insurance

    total $8,295 · program services $6,636 · management and general $830 · fundraising $829

  • 24a · Other expenses: BANK CHARGES

    total $7,542 · management and general $7,542

  • 24b · Other expenses: UTILITIES

    total $4,468 · program services $3,574 · management and general $447 · fundraising $447

  • 24c · Other expenses: DUES

    total $3,784 · program services $1,892 · management and general $1,892

  • 24d · Other expenses: MISCELLANEOUS

    total $1,910 · program services $115 · management and general $115 · fundraising $1,680

  • 24e · All other expenses

    total $1,625 · program services $588 · management and general $977 · fundraising $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,535 · end of year $42,790

  • 3 · Pledges and grants receivable

    end of year $39,043

  • 5 · Loans and receivables from officers and key people

    beginning of year $76 · end of year $127

  • 7 · Other notes and loans receivable

    beginning of year $343 · end of year $52

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,054 · end of year $3,301

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

    $1,697,637

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

    $55,475

  • 10c · Land, buildings and equipment, net

    beginning of year $1,483,252 · end of year $1,642,162

  • 11 · Investments: publicly traded securities

    beginning of year $798,558 · end of year $843,523

  • 15 · Other assets

    beginning of year $107,581 · end of year $107,581

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,502 · end of year $111,437

  • 19 · Deferred revenue

    end of year $1,400

  • 24 · Unsecured notes and loans payable

    beginning of year $93,593 · end of year $17,607

  • 25 · Other liabilities

    beginning of year $700 · end of year $700

  • 27 · Net assets without donor restrictions

    beginning of year $2,422,081 · end of year $2,279,745

  • 28 · Net assets with donor restrictions

    beginning of year -$131,477 · end of year $267,690

Mission and programs · 2023

Mission

TO PRESERVE AND RENEW FELL'S POINT AND FEDERAL HILL AS AREAS OF HISTORICAL AND ARCHITECTURAL SIGNIFICANCE FOR THE BENEFIT OF LOCAL RESIDENTS AND BUSINESSES AND THE EDUCATION AND ENJOYMENT OF VISITORS AND THE PUBLIC AT LARGE, AND TO CARE FOR, INTERPRET AND EXHIBIT COLLECTIONS RELATED TO FELL'S POINT HISTORY AND MAINTAIN AN ARCHIVE OF THIS HISTORY.

  • PROPERTY PRESERVATION TO CREATE AND INCREASE AWARENESS OF THE HISTORIC AND CURRENT IMPORTANCE OF THE AREAS IN BALTIMORE, MARYLAND KNOWN AS FEDERAL HILL AND FELL'S POINT.

    Expenses $64,743

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Gleason

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeff Dewberry

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Terrence Woody

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marty Bement

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Groesbeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cara Joyce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Esther Read

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Franz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • April Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 December 2024
IRS schema version
2023v5.1
Source object
202413419349300521

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