HART SQUARE FOUNDATION INC

EIN: 562232193 501(c)(3) Philanthropy & Grantmaking

VALE, NC

Total Revenue
$938,436
Total Expenses
$1,071,137
Total Assets
$6,291,391
Net Assets
$5,395,870
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
CATHERINE PRITCHARD
Phone
8284550692
Tax Period
2025-01-01 to 2025-12-31

HART SQUARE FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $938K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

HART SQUARE FOUNDATION PRESERVES AND SHARES HART SQUARE VILLAGE, THE NATION'S LARGEST COLLECTION OF HISTORIC LOG STRUCTURES. IN ADDITION TO PRESERVING THE 200 TO 300-YEAR-OLD STRUCTURES ENTRUSTED TO OUR CARE, THE FOUNDATION SHARES AND TEACHES THE CRAFT, TRADES AND PRACTICES OF THE REGION.

Program Service Accomplishments

Program 1
Expenses: $239,881 Revenue: $161,920

COMMUNITY EVENTS: HART SQUARE VILLAGE IS SHARED AT EVENTS THAT PRESERVE CULTURAL HERITAGE BY SHOWCASING TRADITIONAL ARTS, TRADES AND PRACTICES OF NORTH CAROLINA. FOLKLIFE CULTURAL TRADITIONS ARE...

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COMMUNITY EVENTS: HART SQUARE VILLAGE IS SHARED AT EVENTS THAT PRESERVE CULTURAL HERITAGE BY SHOWCASING TRADITIONAL ARTS, TRADES AND PRACTICES OF NORTH CAROLINA. FOLKLIFE CULTURAL TRADITIONS ARE FEATURED THROUGH A WIDE SLATE OF ANNUAL OFFERINGS INCLUDING TRADITIONAL DANCE, MUSIC, CULTURAL FOODWAYS, IMMERSIVE FOLKLIFE DEMONSTRATIONS AND A FOKLIFE FILM SERIES.

Program 2
Expenses: $190,899 Revenue: $122,972

HART SQUARE FOUNDATION CREATES LIFELONG LEARNING OPPORTUNITIES THAT ALLOW PARTICIPANTS TO ENGAGE IN HANDS-ON HISTORY THROUGH FIELD TRIPS, TRADITIONAL CRAFT AND TRADE CLASSES, AND HISTORIC GROUP...

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HART SQUARE FOUNDATION CREATES LIFELONG LEARNING OPPORTUNITIES THAT ALLOW PARTICIPANTS TO ENGAGE IN HANDS-ON HISTORY THROUGH FIELD TRIPS, TRADITIONAL CRAFT AND TRADE CLASSES, AND HISTORIC GROUP TOURS. PROGRAMMING CENTERS AROUND TRADITIONAL ARTS AND TRADES, SCIENCE AND AGRICULTURE, AND HISTORY IMMERSION. STUDENTS OBSERVE ARTISTS AND TRADESPEOPLE AT WORK, ENGAGE IN HANDS-ON LEARNING, AND EXPERIENCE CREATING SOMETHING TOGETHER. OUR PROGRAMS ENGAGE SCHOOL-AGE CHILDREN UP TO RETIREES.

Program 3
Expenses: $409,520

HISTORIC PRESERVATION: HART SQUARE FOUNDATION PRESERVES AND RESTORES THE 103 HISTORIC STRUCTURES THAT COMPRISE THE HART SQUARE VILLAGE OPEN-AIR MUSEUM. PRIORITY RESTORATION PROJECTS ARE IDENTIFIED...

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HISTORIC PRESERVATION: HART SQUARE FOUNDATION PRESERVES AND RESTORES THE 103 HISTORIC STRUCTURES THAT COMPRISE THE HART SQUARE VILLAGE OPEN-AIR MUSEUM. PRIORITY RESTORATION PROJECTS ARE IDENTIFIED AND COMPLETED ANNUALLY. PROJECTS INCLUDE RE-ROOFING, FOUNDATION STABILIZATION, ROTTEN LOG REPLACEMENT, CHINKING, DAUBING, WATER DAMAGE REMEDIATION, AND MORE. OUR TEAM WORKS WITH EXPERTS IN THE PRESERVATION FIELD AS WELL AS THE NORTH CAROLINA STATE HISTORIC PRESERVATION OFFICE TO MAINTAIN BEST PRACTICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $449,096
Program Service Revenue $327,130
Investment Income $122,094
Other Revenue $40,116
TOTAL REVENUE $938,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $437,382
Fundraising Expenses $45,567
Program Expenses $840,300
Other Expenses $633,755
TOTAL EXPENSES $1,071,137

Year-over-Year Comparison

2025 2024 Change
Revenue $938,436 $1,002,978 -0.1%
Expenses $1,071,137 $1,055,469 +0.0%
Net Income $-132,701 $-52,491 +1.5%
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
9
Independent Members
7
Employees
11
Volunteers
550

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ROBERT ERIC HART PRESIDENT 1.00
Officer Director
$0 $0 $0
CATHERINE PRITCHARD TREASURER 1.00
Officer Director
$0 $0 $0
KEITH HART DIRECTOR 1.00
Director
$0 $0 $0
IAN BUMGARNER SECRETARY 1.00
Officer Director
$0 $0 $0
GAIL BOYLES DIRECTOR 1.00
Director
$0 $0 $0
JAIMIE BEATTY DIRECTOR 1.00
Director
$0 $0 $0
REBECCA GLADDEN DIRECTOR 1.00
Director
$0 $0 $0
BRETT STURM DIRECTOR 1.00
Director
$0 $0 $0
REBECCA YODER DIRECTOR 1.00
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 $938,436 $1,071,137 $6,291,391 $-132,701
2024 No data No data No data No data
2023 $1,005,830 $839,354 $6,392,360 $166,476
2022 $1,746,306 $745,741 $6,083,714 $1,000,565
2021 $402,359 $462,228 $6,247,105 $-59,869
2020 $1,335,674 $378,859 $6,007,545 $956,815
2019 $1,373,047 $347,085 $4,525,865 $1,025,962
2018 $918,740 $220,088 $3,374,800 $698,652
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