HERITAGE FARMSTEAD ASSOCIATION

EIN: 237296470 501(c)(3) Arts, Culture & Humanities

PLANO, TX

Total Revenue
$1,186,140
Total Expenses
$919,960
Total Assets
$1,567,589
Net Assets
$1,484,766
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
TX
Principal Officer
M'LOU HYTTINEN
Phone
9728810140
Tax Period
2023-10-01 to 2024-09-30

HERITAGE FARMSTEAD ASSOCIATION, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 22% operating margin.

Mission

THE HERITAGE FARMSTEAD MUSEUM'S MISSION IS TO PRESERVE A HISTORIC TEXAS FARMSTEAD WHERE PEOPLE CAN EXPERIENCE AND LEARN FROM OUR AGRARIAN ROOTS.

Program Service Accomplishments

Program 1
Expenses: $747,964 Revenue: $363,699

THE PLANO HERITAGE ASSOCIATION SAVED THIS HISTORIC SITE FROM DEMOLITION IN 1973 AND HAS PROVIDED PROFESSIONAL MUSEUM EDUCATION AND PRESERVATION SERVICES FOR THE HISTORIC HOUSE AND SITE FOR OVER 50...

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THE PLANO HERITAGE ASSOCIATION SAVED THIS HISTORIC SITE FROM DEMOLITION IN 1973 AND HAS PROVIDED PROFESSIONAL MUSEUM EDUCATION AND PRESERVATION SERVICES FOR THE HISTORIC HOUSE AND SITE FOR OVER 50 YEARS. THE HERITAGE FARMSTEAD MUSEUM IS THE PREMIER HERITAGE RESOURCE IN PLANO, TEXAS. OVER 350,000 STUDENTS HAVE BEEN AFFORDED ENHANCED EDUCATIONAL OPPORTUNITIES THROUGH SCHOOL FIELDTRIPS AND OUTREACH PROGRAMS OVER THE PAST 50 YEARS. THIS MUSEUM HAS ACHIEVED NATIONAL, STATE AND LOCAL RECOGNITION: LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, DESIGNATED BY THE CITY OF PLANO AND THE STATE OF TEXAS AS A HISTORIC LANDMARK, AN ACCREDITED MUSEUM BY THE AMERICAN ALLIANCE OF MUSEUMS. IN 2016 THE COLLIN COUNTY HISTORICAL COMMISSION AWARDED THE HERITAGE FARMSTEAD MUSEUM THEIR HIGHEST HONOR, THE COLLIN MCKINNEY ACHIEVEMENT AWARD RECOGNIZING THE OUTSTANDING ACHIEVEMENTS OF A HISTORICAL MUSEUM THAT ACTIVELY WORKS TO PROMOTE THE HERITAGE OF THE COUNTY THROUGH PROJECTS, EDUCATION, AND HISTORICAL TOURISM. THE MUSEUM'S CREATION AND FACILITATION OF THE PLANO INDEPENDENT SCHOOL DISTRICT THIRD GRADE PROGRAM WAS RECOGNIZED BY COLLIN COUNTY'S HISTORICAL COMMISSION DISTINGUISHED AS THE PREMIER INSTITUTION IN THE COUNTY FOR EXCELLENCE IN EDUCATION. THE HERITAGE FARMSTEAD MUSEUM'S OUTSTANDING ACHIEVEMENT IN THE DIRECTION OF HERITAGE PRESERVATION CONTINUES STRONGLY INTO THE FUTURE WITH THE ADDITION OF A 5-YEAR VISION PLAN. THE VISION PLAN INVOLVED THE JOINT EFFORT OF THE HERITAGE FARMSTEAD MUSEUM STAFF AND VOLUNTEERS, ARCHITECT, LANDSCAPE ARCHITECT, WITH GENEROUS SUPPORT FROM THE CITY OF PLANO. ENGAGING IN A COMPREHENSIVE, TIMELY AND FORMAL MASTER PLAN FOR THE FUTURE SUPPORTS THE CONTINUED EFFORT TO MEET THE NEEDS OF THE MUSEUM'S AUDIENCES AND COMMUNITY. THE MUSEUM'S VISION PLAN WAS RECOGNIZED BY THE AMERICAN SOCIETY OF LANDSCAPE ARCHITECTS WHEN IT RECEIVED A MERIT AWARD OF EXCELLENCE IN PLANNING.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $793,607
Program Service Revenue $357,177
Investment Income $179
Other Revenue $35,177
TOTAL REVENUE $1,186,140

Expense Breakdown

Grants Paid $0
Salaries & Benefits $475,834
Fundraising Expenses $23,807
Program Expenses $747,964
Other Expenses $444,126
TOTAL EXPENSES $919,960

Year-over-Year Comparison

2023 2022 Change
Revenue $1,186,140 $973,948 +0.2%
Expenses $919,960 $875,465 +0.1%
Net Income $266,180 $98,483 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
14
Volunteers
402

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$125,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID STOLLE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRITTNEA USSERY-DANIEL 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOAN STEPHENS TREASURER 1.00
Officer Director
$0 $0 $0
THERESA CAVER SECRETARY 1.00
Officer Director
$0 $0 $0
JUDY AERDTS TRUSTEE (LEFT IN 12/2023) 1.00
Director
$0 $0 $0
GARRETT ALLDREDGE TRUSTEE 1.00
Director
$0 $0 $0
YOLANDA MCGAW TRUSTEE 1.00
Director
$0 $0 $0
SUZANNE DROTMAN TRUSTEE 1.00
Director
$0 $0 $0
GNASH NARAYAN TRUSTEE (LEFT IN 4/2023) 1.00
Director
$0 $0 $0
GLORIANE FERNANDEZ TRUSTEE 1.00
Director
$0 $0 $0
LUKE SHERTZER TRUSTEE 1.00
Director
$0 $0 $0
SARAH WELLS MACIAS TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY WILSON TRUSTEE 1.00
Director
$0 $0 $0
COURTNEY ECHOLS TRUSTEE 1.00
Director
$0 $0 $0
DEBBIE HAYWARD TRUSTEE 0.50
Director
$0 $0 $0
M'LOU HYTTINEN EXECUTIVE DIRECTOR 40.00
Officer
$125,000 $0 $125,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,186,140 $919,960 $1,567,589 $266,180
2023 $973,948 $875,465 $1,238,903 $98,483
2022 $924,475 $839,376 $1,143,025 $85,099
2021 $791,650 $658,384 $1,051,028 $133,266
2020 $762,023 $765,996 $885,887 $-3,973
2019 $791,947 $799,464 $891,731 $-7,517
2018 $756,964 $749,445 $902,931 $7,519
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