Form 990 for tax year 2023
Filed by PRESERVATION FOUNDATION OF PALM BEACH INC.
Totals
- Total revenue
- $19,801,048
- Total expenses
- $3,354,741
- Contributions and grants received
- $19,392,435
- Grants paid
- $10,000
- Program service revenue
- $14,474
- Investment income
- $630,632
- Other revenue
- -$236,493
- Total assets, end of year
- $51,957,734
- Total liabilities, end of year
- $151,727
- Net assets or fund balances, end of year
- $51,806,007
- Program services expenses (Part IX)
- $2,651,819
- Management and general expenses
- $557,822
- Fundraising expenses
- $145,100
- Program service expenses (Part III)
- $2,651,819
Program services were 79.0% 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
$1,309,838
-
1c · Fundraising events
$2,681,757
-
1f · All other contributions, gifts and grants
$15,400,840
-
1g · Noncash contributions included above
$2,667,125
-
2a · Program service revenue: Fees for services
total $14,474 · related or exempt $14,474
-
3 · Investment income
total $622,694 · excluded $622,694
-
7a · Gross sales of assets other than inventory
securities $7,740,067
-
7b · Less cost or other basis and sales expenses
securities $7,732,129
-
7c · Gain or loss
securities $7,938
-
7d · Net gain or loss
total $7,938 · excluded $7,938
-
8a · Fundraising events: gross income
$876,000
-
8a · Fundraising events: contributions included on line 1c
$2,681,757
-
8b · Fundraising events: direct expenses
$1,112,493
-
8c · Net income from fundraising events
total -$236,493 · excluded -$236,493
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $10,000 · program services $10,000
-
5 · Compensation of officers, directors and key employees
total $277,322 · program services $166,392 · management and general $55,465 · fundraising $55,465
-
7 · Other salaries and wages
total $658,286 · program services $540,822 · management and general $76,963 · fundraising $40,501
-
8 · Pension plan contributions
total $17,599 · program services $13,737 · management and general $2,975 · fundraising $887
-
9 · Other employee benefits
total $27,190 · program services $23,296 · management and general $2,820 · fundraising $1,074
-
10 · Payroll taxes
total $69,821 · program services $48,638 · management and general $14,783 · fundraising $6,400
-
11b · Fees: legal
total $103,064 · program services $76,979 · management and general $26,085
-
11c · Fees: accounting
total $35,265 · management and general $35,265
-
11f · Fees: investment management
total $53,998 · management and general $53,998
-
11g · Fees: other
total $223,783 · program services $173,093 · management and general $36,887 · fundraising $13,803
-
12 · Advertising and promotion
total $28,547 · program services $6,055 · management and general $12,326 · fundraising $10,166
-
13 · Office expenses
total $165,470 · program services $85,201 · management and general $63,493 · fundraising $16,776
-
16 · Occupancy
total $48,738 · program services $15,916 · management and general $32,822
-
17 · Travel
total $23,810 · program services $19,742 · management and general $4,068
-
19 · Conferences, conventions and meetings
total $281 · management and general $281
-
22 · Depreciation, depletion and amortization
total $238,144 · program services $207,010 · management and general $31,134
-
23 · Insurance
total $45,314 · program services $33,781 · management and general $11,505 · fundraising $28
-
24a · Other expenses: Phipps Ocean Park
total $889,632 · program services $889,632
-
24b · Other expenses: Special events
total $243,190 · program services $212,131 · management and general $31,059
-
24c · Other expenses: Equipment respairs and
total $171,194 · program services $117,738 · management and general $53,456
-
24d · Other expenses: Membership expenses
total $15,911 · program services $7,364 · management and general $8,547
-
24e · All other expenses
total $8,182 · program services $4,292 · management and general $3,890
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $969,329 · end of year $1,487,562
-
2 · Savings and temporary cash investments
beginning of year $641,951 · end of year $421,249
-
3 · Pledges and grants receivable
beginning of year $8,305,185 · end of year $9,553,302
-
9 · Prepaid expenses and deferred charges
beginning of year $39,117 · end of year $47,756
-
10a · Land, buildings and equipment: cost or other basis
$11,220,493
-
10b · Land, buildings and equipment: accumulated depreciation
$4,309,428
-
10c · Land, buildings and equipment, net
beginning of year $6,945,395 · end of year $6,911,065
-
11 · Investments: publicly traded securities
beginning of year $16,288,629 · end of year $32,163,256
-
15 · Other assets
beginning of year $1,397,350 · end of year $1,373,544
-
17 · Accounts payable and accrued expenses
beginning of year $198,276 · end of year $112,509
-
19 · Deferred revenue
beginning of year $67,350 · end of year $39,218
-
27 · Net assets without donor restrictions
beginning of year $18,206,926 · end of year $21,119,174
-
28 · Net assets with donor restrictions
beginning of year $16,114,404 · end of year $30,686,833
Mission and programs · 2023
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.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $2,651,819 · Grants $10,000 · Revenue $14,474
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
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
-
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
Executive Committee Member
- Total calculated
- $0
- Hours/week
- 3
-
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
Executive Committee Member
- 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
-
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
- $265,046
- From this org
- $239,748
- From related orgs
- $0
- Other
- $25,298
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,748
- Bonus
- $0
- Other
- $0
- Deferred
- $7,452
- Nontaxable benefits
- $17,846
- Filer's total
- $265,046
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
- 2023
- Filed
- 24 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540309349300024
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.