MOUNT VERNON PLACE CONSERVANCY INC

EIN: 263589281 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$1,296,478
Total Expenses
$1,030,101
Total Assets
$1,713,330
Net Assets
$1,678,802
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MD
Principal Officer
LANCE HUMPHRIES
Phone
4109625070
Tax Period
2024-07-01 to 2025-06-30

MOUNT VERNON PLACE CONSERVANCY INC, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $266K, a strong 21% operating margin.

Mission

THE MOUNT VERNON PLACE CONSERVANCY INC'S MISSION IS TO BE THE FULL-TIME SINGLE MANAGEMENT ENTITY RESPONSIBLE FOR THE HISTORIC RESTORATION, OVERSIGHT AND PROTECTION OF THE WASHINGTON MONUMENT, ALONG WITH MAINTENANCE AND MANAGEMENT OF MOUNT VERNON PLACE.

Program Service Accomplishments

Program 1
Expenses: $110,086

PARK MAINTENANCE: THE CONSERVANCY IS RESPONSIBLE FOR MAINTAINING THE WASHINGTON MONUMENT, AS WELL AS MAINTAINING THE FOUR PARKS SQUARES AROUND IT. IN THE PARKS, THE CONSERVANCY HAS A CONTRACT WITH A...

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PARK MAINTENANCE: THE CONSERVANCY IS RESPONSIBLE FOR MAINTAINING THE WASHINGTON MONUMENT, AS WELL AS MAINTAINING THE FOUR PARKS SQUARES AROUND IT. IN THE PARKS, THE CONSERVANCY HAS A CONTRACT WITH A PROFESSIONAL LANDSCAPER TO MAINTAIN THE GRASS, URNS, PLANTINGS AND HANGING BASKETS.

Program 2
Expenses: $216,355

DESIGN, ENGINEERING AND CONSTRUCTION: WITH THE WASHINGTON MONUMENT RESTORED, THE CONSERVANCY IS MOVING ON TO ITS NEXT PHASE OF WORK, THE RESTORATION OF THE SQUARES. THE CONSERVANCY CONTINUES TO WORK...

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DESIGN, ENGINEERING AND CONSTRUCTION: WITH THE WASHINGTON MONUMENT RESTORED, THE CONSERVANCY IS MOVING ON TO ITS NEXT PHASE OF WORK, THE RESTORATION OF THE SQUARES. THE CONSERVANCY CONTINUES TO WORK ON THE SCHEMATIC DESIGN FOR THE NORTH AND SOUTH SQUARES OF MOUNT VERNON PLACE, INCLUDING DESIGN DEVELOPMENT AND APPROVALS.

Program 3
Expenses: $275,568 Revenue: $260,730

FLOWER MART AND MONUMENT LIGHTING: AS PART OF ITS YEAR-ROUND PROGRAMMING OF MOUNT VERNON PLACE, THE CONSERVANCY PRESENT TWO ANNUAL CITY-WIDE FESTIVALS: FLOWER MART AND MONUMENT LIGHTING. FLOWER MART...

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FLOWER MART AND MONUMENT LIGHTING: AS PART OF ITS YEAR-ROUND PROGRAMMING OF MOUNT VERNON PLACE, THE CONSERVANCY PRESENT TWO ANNUAL CITY-WIDE FESTIVALS: FLOWER MART AND MONUMENT LIGHTING. FLOWER MART IS THE OLDEST FREE PUBLIC FESTIVAL IN THE CITY OF BALTIMORE, HAVING BEEN FOUNDED IN 1911. IT CELEBRATES SPRING DURING THE FIRST WEEKEND OF MAY WITH NEARLY 100 LOCAL VENDORS, MUSICIANS, AND PRESENTERS. MONUMENT LIGHTING IS OVER FIFTY YEARS OLD, AND IS CELEBRATED ON THE FIRST THURSDAY IN DECEMBER. IT INVOLVES LOCAL MUSIC AND FOOD VENDORS WITH A FINALE OF FIREWORKS. BOTH LARGE FESTIVALS INVOLVE COMPLICATED LOGISTICS, RENTALS, AND STAFFING TO PRESENT THEM FREE TO THE PUBLIC.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,002,654
Program Service Revenue $293,823
Investment Income $1
Other Revenue $0
TOTAL REVENUE $1,296,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $267,832
Fundraising Expenses $46,275
Program Expenses $897,260
Other Expenses $762,269
TOTAL EXPENSES $1,030,101

Year-over-Year Comparison

2024 2023 Change
Revenue $1,296,478 $1,889,768 -0.3%
Expenses $1,030,101 $927,792 +0.1%
Net Income $266,377 $961,976 -0.7%
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
17
Independent Members
16
Employees
8
Volunteers
120

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
$80,000
Total Directors
17
$80,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY H HOPKINS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CONSTANCE CAPLAN DIRECTOR 1.00
Director
$0 $0 $0
TRACY PROIETTI DIRECTOR 1.00
Director
$0 $0 $0
NANCY MEAD DIRECTOR 1.00
Director
$0 $0 $0
THERESE O'MALLEY DIRECTOR 1.00
Director
$0 $0 $0
JANE MCCONNELL DIRECTOR 1.00
Director
$0 $0 $0
JOHN A GILPIN DIRECTOR 1.00
Director
$0 $0 $0
JACK DANNA DIRECTOR 1.00
Director
$0 $0 $0
KATARINE ZIEGLER DIRECTOR 1.00
Director
$0 $0 $0
ADRIANNE WALKER CARROLL DIRECTOR 1.00
Director
$0 $0 $0
JOE BRANT DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH BONNER DIRECTOR 1.00
Director
$0 $0 $0
CHARLES RUTHEISER DIRECTOR 1.00
Director
$0 $0 $0
LANCE HUMPHRIES EXECUTIVE DIRECTOR 40.00
Officer Director
$80,000 $0 $80,000
BARRY C GREENBERG SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL BALCOM TREASURER 1.00
Officer Director
$0 $0 $0
FAITH C MILLSPAUGH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
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 $1,296,478 $1,030,101 $1,713,330 $266,377
2024 No data No data No data No data
2023 $655,008 $746,548 $484,271 $-91,540
2022 $576,214 $582,448 $547,708 $-6,234
2021 $436,468 $408,979 $603,329 $27,489
2020 $588,931 $407,103 $586,711 $181,828
2019 $316,243 $544,339 $366,123 $-228,096
2018 $281,710 $375,519 $590,480 $-93,809
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