Form 990 for tax year 2022
Filed by PRESERVATION FOUNDATION OF PALM BEACH INC.
Totals
- Total revenue
- $11,080,638
- Total expenses
- $3,334,010
- Contributions and grants received
- $9,476,475
- Grants paid
- $15,000
- Program service revenue
- $11,243
- Investment income
- $1,226,598
- Other revenue
- $366,322
- Total assets, end of year
- $34,586,956
- Total liabilities, end of year
- $265,626
- Net assets or fund balances, end of year
- $34,321,330
- Program services expenses (Part IX)
- $2,755,233
- Management and general expenses
- $432,085
- Fundraising expenses
- $146,692
- Program service expenses (Part III)
- $2,755,233
Program services were 82.6% 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.
-
1b · Membership dues
$1,306,217
-
1c · Fundraising events
$1,424,997
-
1f · All other contributions, gifts and grants
$6,745,261
-
1g · Noncash contributions included above
$201,954
-
2a · Program service revenue: Fees for services
total $11,243 · related or exempt $11,243
-
3 · Investment income
total $277,692 · excluded $277,692
-
7a · Gross sales of assets other than inventory
securities $6,308,864
-
7b · Less cost or other basis and sales expenses
securities $5,359,958
-
7c · Gain or loss
securities $948,906
-
7d · Net gain or loss
total $948,906 · excluded $948,906
-
8a · Fundraising events: gross income
$784,437
-
8a · Fundraising events: contributions included on line 1c
$1,424,997
-
8b · Fundraising events: direct expenses
$881,371
-
8c · Net income from fundraising events
total -$96,934 · excluded -$96,934
-
11a · Other revenue: Trust income
total $463,256 · excluded $463,256
-
11e · Other revenue, total
$463,256
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,000 · program services $15,000
-
5 · Compensation of officers, directors and key employees
total $240,391 · program services $144,235 · management and general $48,078 · fundraising $48,078
-
7 · Other salaries and wages
total $523,165 · program services $426,874 · management and general $59,443 · fundraising $36,848
-
8 · Pension plan contributions
total $19,533 · program services $14,042 · management and general $3,818 · fundraising $1,673
-
9 · Other employee benefits
total $30,388 · program services $23,832 · management and general $3,838 · fundraising $2,718
-
10 · Payroll taxes
total $58,774 · program services $40,175 · management and general $12,707 · fundraising $5,892
-
11b · Fees: legal
total $17,137 · program services $6,647 · management and general $10,490
-
11c · Fees: accounting
total $27,180 · management and general $27,180
-
11f · Fees: investment management
total $47,435 · management and general $47,435
-
11g · Fees: other
total $147,449 · program services $135,273 · management and general $3,891 · fundraising $8,285
-
12 · Advertising and promotion
total $72,258 · program services $58,543 · management and general $7,213 · fundraising $6,502
-
13 · Office expenses
total $330,154 · program services $175,399 · management and general $119,141 · fundraising $35,614
-
16 · Occupancy
total $58,636 · program services $23,118 · management and general $35,518
-
17 · Travel
total $10,358 · program services $3,755 · management and general $5,521 · fundraising $1,082
-
22 · Depreciation, depletion and amortization
total $223,815 · program services $198,404 · management and general $25,411
-
23 · Insurance
total $38,092 · program services $26,891 · management and general $11,201
-
24a · Other expenses: Phipps Ocean Park
total $1,451,533 · program services $1,451,533
-
24b · Other expenses: Membership expenses
total $16,623 · program services $7,726 · management and general $8,897
-
24c · Other expenses: Awards
total $5,319 · program services $3,640 · management and general $1,679
-
24d · Other expenses: Education and developme
total $770 · program services $146 · management and general $624
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $173 · end of year $969,329
-
2 · Savings and temporary cash investments
beginning of year $2,934,604 · end of year $641,951
-
3 · Pledges and grants receivable
beginning of year $9,287,527 · end of year $8,305,185
-
9 · Prepaid expenses and deferred charges
beginning of year $13,425 · end of year $39,117
-
10a · Land, buildings and equipment: cost or other basis
$11,016,678
-
10b · Land, buildings and equipment: accumulated depreciation
$4,071,283
-
10c · Land, buildings and equipment, net
beginning of year $6,813,847 · end of year $6,945,395
-
11 · Investments: publicly traded securities
beginning of year $6,684,606 · end of year $16,288,629
-
15 · Other assets
beginning of year $1,448,517 · end of year $1,397,350
-
17 · Accounts payable and accrued expenses
beginning of year $55,905 · end of year $198,276
-
19 · Deferred revenue
beginning of year $128,000 · end of year $67,350
-
27 · Net assets without donor restrictions
beginning of year $15,502,111 · end of year $18,206,926
-
28 · Net assets with donor restrictions
beginning of year $11,496,683 · end of year $16,114,404
Mission and programs · 2022
Mission
The Preservation Foundation's primary exempt purpose is to work to preserve and protect the architectural, botanical, urban and natural environment of the Town of Palm Beach, Florida.
Activities or mission (Part I)
Historic Preservation.
-
During 2022-2023 season, the Preservation Foundation launched the public phase of a $30 million campaign to revitalize the 20-acre Phipps Ocean Park, with a design by renowned landscape architect Raymond Jungles and award-winning architectural firm Fairfax & Sammons, that relocates the Little Red Schoolhouse to the heart of the park surrounding it with new, vernacular architecture and restored ecosystems of native plants; and published the first children's book on architect Addison Mizner with author Bob Forbes and illustrator Barbara McClintock.During 2021-2022 season, the Preservation Foundation: published with Rizzoli, the first monograph on architect Marion Sims Wyeth, Marion Sims Wyeth, From Palm Beach to Shangri La, (Continues on Schedule O) whose architectural collection is conserved in the Foundation's archives; funded a study on the impact of landmarking on property values by leading preservation economist Donovan Rypkema; opened its first satellite exhibition on architect John Volk at the Royal Poinciana Plaza; premiered the first documentary on the restoration of a landmarked estate titled "La Claridad; and launched a new series called "The Craftsmen" which promotes local craftspeople and educates the community on trades such as woodworking and cast stone. The Preservation Foundation of Palm Beach is dedicated to preserving the architectural and cultural heritage and the unique quality of the Town of Palm Beach. Through advocacy initiatives, educational programs, architectural resources, and cultural events, the Foundation's goal is to encourage the community to learn about and save the historic sites that truly make Palm Beach special. Since 1980, the Preservation Foundation has undertaken numerous projects throughout the island that protect the heritage and enhance the beauty of Palm Beach. Millions of dollars have been raised to preserve and restore historic resources like Sea Gull Cottage and Town Hall. Projects such as Pan's Garden have fostered a deeper appreciation for the island's botanical heritage. Most recently, the beautification project at Bradley Park transformed a 4.4-acre public park located on the town's historic main street. Along with special exhibitions and publications that advance scholarship in the history of Palm Beach, the Preservation Foundation offers educational programs that serve 6,000 students annually. Heritage Education outreach programs teach the concept of learning about the history and culture of the community through the medium of local architecture. Field trips to Pan's Garden and the Little Red Schoolhouse create immersive experiences that engage the next generation of stewards.
Expenses $2,755,233 · Grants $15,000 · Revenue $11,243
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
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Mrs Paul Shiverick
Chairman
- Total calculated
- $0
- Hours/week
- 15
-
Mr Daniel E Ponton
Vice-Chairman
- Total calculated
- $0
- Hours/week
- 10
-
Mr Thomas C Quick
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Mr Erik T Waldin
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Mr Jeffrey A Marcus
Executive Committee Member
- Total calculated
- $0
- Hours/week
- 3
-
Mrs Pauline B Pitt
Chairman Emeritus
- Total calculated
- $0
- Hours/week
- 2
-
Mr Charles M Royce
Executive Committee Member
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Lynne M Wheat
Executive Committee Member
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Rand V Araskog
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Manucher Azmudeh
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Manucher Azmudeh
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Walter F Ballinger
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Alan D Bleznak Deceased
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Alan D Bleznak
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs T Dennie Boardman
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Martin Brand
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Martin Brand
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Edwin M Burke
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
L Frank Chopin Esquire
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Edward A Cooney
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Philippe Dauman
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Philippe Dauman
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jane S Day
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Ashton de Peyster
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Thompson Dean
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Thompson Dean
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs John J Dowdle
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr E Llwyd Ecclestone
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs E Llwyd Ecclestone
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ambassador Edward E Elson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Edward E Elson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jennifer M Fischer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ms Kristen Kelly Fisher
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr James C Flores
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs James C Flores
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr J Christopher Flowers
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs J Christopher Flowers
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mark E Freitas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Mark E Freitas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr William J Gilbane III
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Avram Glazer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Avram Glazer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Martin D Gruss
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jessica Guff
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ben Han
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Ben Han
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs J Ira Harris
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr James Held
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Peter N Heydon
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Katherine B Horgen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Robert W Johnson IV
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Robert W Johnson IV
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Gerald R Jordan Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Gerald R Jordan Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Kenn Karakul
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Howard J Kessler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Howard J Kessler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Laura Landro
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Richard E Salomon
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Leonard A Lauder
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Howard H Leach
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Howard H Leach
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Joseph W Luter III
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs David J Mahoney
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Tomas R Maier
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jeffrey A Marcus
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Talbott B Maxey
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Leigh A McMakin
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ms Audrey McNiff
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph Meyer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Joseph Meyer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Donald K Miller
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Donald K Miller
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Danielle Hickox Moore
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Dudley L Moore Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Dudley L Moore Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr David G Ober
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs William G Pannill
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Gary Patsley
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Gary Patsley
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Sallie B Phillips
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Wilbur L Ross Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Charles M Royce
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jeannie Rutherfoord
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jorge A Sanchez
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr John H Schuler Deceased
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Vera Serrano
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Paul Shiverick
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Brian Simmons
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Brian Simmons
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jeffery W Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Lesly S Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Thomas S Smith Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Electra Toub
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mish Tworkowski
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Leo A Vecellio Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Nathan Appleman
Emeritus
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Edward W Cook
Emeritus
- Total calculated
- $0
- Hours/week
- 1
-
Mrs F Eugene Dixon Jr
Emeritus
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Robert M Grace
Emeritus
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Frances G Scaife
Emeritus
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Skier
President & CEO
- Total calculated
- $216,211
- From this org
- $206,300
- From related orgs
- $0
- Other
- $9,911
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $206,300
- Bonus
- $0
- Other
- $0
- Deferred
- $3,113
- Nontaxable benefits
- $6,798
- Filer's total
- $216,211
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 · Form 990 of other organizations
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420169349300287
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