The Preservation Foundation of Palm Beach Inc

EIN: 591989832 501(c)(3) Arts, Culture & Humanities

Palm Beach, FL

Total Revenue
$19,801,048
Total Expenses
$3,354,741
Total Assets
$51,957,734
Net Assets
$51,806,007
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
FL
Principal Officer
Betsy Shiverick
Phone
5618320731
Tax Period
2023-07-01 to 2024-06-30

The Preservation Foundation of Palm Beach Inc, founded in 1980, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.8M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.4M, a strong 83% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $2,651,819 Revenue: $14,474

During the 2023-2024 season, the Preservation Foundation continued its campaign to revitalize the 20-acre Phipps Ocean Park; hosted the first Robert M. Grace leadership symposium that brought...

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During the 2023-2024 season, the Preservation Foundation continued its campaign to revitalize the 20-acre Phipps Ocean Park; hosted the first Robert M. Grace leadership symposium that brought together community leaders, preservationists, and architecture enthusiasts to reflect on Grace's profound impact on Palm Beach; published The Architecture and Advocacy of John and Jane Volk by Dr. Jane S. Day; and increased our advocacy presence within the Town of Palm Beach to protect our landmark buildings. 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 (Continues on Schedule O) 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.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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,392,435
Program Service Revenue $14,474
Investment Income $630,632
Other Revenue $-236,493
TOTAL REVENUE $19,801,048

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $1,050,218
Fundraising Expenses $145,100
Program Expenses $2,651,819
Other Expenses $2,294,523
TOTAL EXPENSES $3,354,741

Year-over-Year Comparison

2023 2022 Change
Revenue $19,801,048 $11,080,638 +0.8%
Expenses $3,354,741 $3,334,010 +0.0%
Net Income $16,446,307 $7,746,628 +1.1%
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
99
Independent Members
99
Employees
20
Volunteers
5

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
9
$265,046
Total Directors
99
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mrs Paul Shiverick Chairman 15.00
Officer Director
$0 $0 $0
Mr Daniel E Ponton Vice-Chairman 10.00
Officer Director
$0 $0 $0
Mr Thomas C Quick Secretary 3.00
Officer Director
$0 $0 $0
Mr Erik T Waldin Treasurer 3.00
Officer Director
$0 $0 $0
Mr Jeffrey A Marcus Executive Committee Member 3.00
Officer Director
$0 $0 $0
Mrs Pauline B Pitt Chairman Emeritus 2.00
Officer Director
$0 $0 $0
Mr Charles M Royce Executive Committee Member 2.00
Officer Director
$0 $0 $0
Mrs Lynne M Wheat Executive Committee Member 2.00
Officer Director
$0 $0 $0
Mrs Rand V Araskog Trustee 1.00
Director
$0 $0 $0
Mr Manucher Azmudeh Trustee 1.00
Director
$0 $0 $0
Mrs Manucher Azmudeh Trustee 1.00
Director
$0 $0 $0
Mrs Walter F Ballinger Trustee 1.00
Director
$0 $0 $0
Mrs Alan D Bleznak Trustee 1.00
Director
$0 $0 $0
Mrs T Dennie Boardman Trustee 1.00
Director
$0 $0 $0
Mr Martin Brand Trustee 1.00
Director
$0 $0 $0
Mrs Martin Brand Trustee 1.00
Director
$0 $0 $0
Mrs Edwin M Burke Trustee 1.00
Director
$0 $0 $0
L Frank Chopin Esquire Trustee 1.00
Director
$0 $0 $0
Mr Edward A Cooney Trustee 1.00
Director
$0 $0 $0
Mr Philippe Dauman Trustee 1.00
Director
$0 $0 $0
Mrs Philippe Dauman Trustee 1.00
Director
$0 $0 $0
Dr Jane S Day Trustee 1.00
Director
$0 $0 $0
Mrs Ashton de Peyster Trustee 1.00
Director
$0 $0 $0
Mr Thompson Dean Trustee 1.00
Director
$0 $0 $0
Mrs Thompson Dean Trustee 1.00
Director
$0 $0 $0
Mrs John J Dowdle Trustee 1.00
Director
$0 $0 $0
Mr E Llwyd Ecclestone Trustee 1.00
Director
$0 $0 $0
Mrs E Llwyd Ecclestone Trustee 1.00
Director
$0 $0 $0
Ambassador Edward E Elson Trustee 1.00
Director
$0 $0 $0
Mrs Edward E Elson Trustee 1.00
Director
$0 $0 $0
Mrs Jennifer M Fischer Trustee 1.00
Director
$0 $0 $0
Ms Kristen Kelly Fisher Trustee 1.00
Director
$0 $0 $0
Mr James C Flores Trustee 1.00
Director
$0 $0 $0
Mrs James C Flores Trustee 1.00
Director
$0 $0 $0
Mr J Christopher Flowers Trustee 1.00
Director
$0 $0 $0
Mrs J Christopher Flowers Trustee 1.00
Director
$0 $0 $0
Mr Mark E Freitas Trustee 1.00
Director
$0 $0 $0
Mrs Mark E Freitas Trustee 1.00
Director
$0 $0 $0
Mr William J Gilbane III Executive Committee Member 3.00
Director
$0 $0 $0
Mr Avram Glazer Trustee 1.00
Director
$0 $0 $0
Mrs Avram Glazer Trustee 1.00
Director
$0 $0 $0
Mrs Martin D Gruss Trustee 1.00
Director
$0 $0 $0
Mrs Jessica Guff Trustee 1.00
Director
$0 $0 $0
Dr Ben Han Trustee 1.00
Director
$0 $0 $0
Mrs Ben Han Trustee 1.00
Director
$0 $0 $0
Mrs J Ira Harris Trustee 1.00
Director
$0 $0 $0
Mr James Held Trustee 1.00
Director
$0 $0 $0
Dr Peter N Heydon Trustee 1.00
Director
$0 $0 $0
Mrs Katherine B Horgen Trustee 1.00
Director
$0 $0 $0
The Honorable Robert W Johnson IV Trustee 1.00
Director
$0 $0 $0
Mrs Robert W Johnson IV Trustee 1.00
Director
$0 $0 $0
Mr Gerald R Jordan Jr Trustee 1.00
Director
$0 $0 $0
Mrs Gerald R Jordan Jr Trustee 1.00
Director
$0 $0 $0
Mr Kenn Karakul Trustee 1.00
Director
$0 $0 $0
Mr Howard J Kessler Trustee 1.00
Director
$0 $0 $0
Mrs Howard J Kessler Trustee 1.00
Director
$0 $0 $0
Mrs Laura Landro Trustee 1.00
Director
$0 $0 $0
Mr Richard E Salomon Trustee 1.00
Director
$0 $0 $0
Mr Leonard A Lauder Trustee 1.00
Director
$0 $0 $0
The Honorable Howard H Leach Trustee 1.00
Director
$0 $0 $0
Mrs Howard H Leach Trustee 1.00
Director
$0 $0 $0
Mrs Joseph W Luter III Trustee 1.00
Director
$0 $0 $0
Mrs David J Mahoney Trustee 1.00
Director
$0 $0 $0
Mr Tomas R Maier Trustee 1.00
Director
$0 $0 $0
Mrs Jeffrey A Marcus Trustee 1.00
Director
$0 $0 $0
Mrs Talbott B Maxey Trustee 1.00
Director
$0 $0 $0
Mrs Leigh A McMakin Trustee 1.00
Director
$0 $0 $0
Ms Audrey McNiff Trustee 1.00
Director
$0 $0 $0
Mr Joseph Meyer Trustee 1.00
Director
$0 $0 $0
Mrs Joseph Meyer Trustee 1.00
Director
$0 $0 $0
Mr Donald K Miller Trustee 1.00
Director
$0 $0 $0
Mrs Donald K Miller Trustee 1.00
Director
$0 $0 $0
The Honorable Danielle Hickox Moore Trustee 1.00
Director
$0 $0 $0
Mr Dudley L Moore Jr Trustee 1.00
Director
$0 $0 $0
Mrs Dudley L Moore Jr Trustee 1.00
Director
$0 $0 $0
Mr David G Ober Trustee 1.00
Director
$0 $0 $0
Mrs William G Pannill Trustee 1.00
Director
$0 $0 $0
Mr Gary Patsley Trustee 1.00
Director
$0 $0 $0
Mrs Gary Patsley Trustee 1.00
Director
$0 $0 $0
Mrs Sallie B Phillips Trustee 1.00
Director
$0 $0 $0
Mrs Wilbur L Ross Jr Trustee 1.00
Director
$0 $0 $0
Mrs Charles M Royce Executive Committee Member 1.00
Director
$0 $0 $0
Mrs Jeannie Rutherfoord Trustee 1.00
Director
$0 $0 $0
Mr Jorge A Sanchez Trustee 1.00
Director
$0 $0 $0
Mrs Vera Serrano Trustee 1.00
Director
$0 $0 $0
Mr Paul Shiverick Trustee 1.00
Director
$0 $0 $0
Mr Brian Simmons Trustee 1.00
Director
$0 $0 $0
Mrs Brian Simmons Trustee 1.00
Director
$0 $0 $0
Mr Jeffery W Smith Trustee 1.00
Director
$0 $0 $0
The Honorable Lesly S Smith Trustee 1.00
Director
$0 $0 $0
Mr Thomas S Smith Jr Trustee 1.00
Director
$0 $0 $0
Mrs Electra Toub Trustee 1.00
Director
$0 $0 $0
Mr Mish Tworkowski Trustee 1.00
Director
$0 $0 $0
Mrs Leo A Vecellio Jr Trustee 1.00
Director
$0 $0 $0
Mrs Nathan Appleman Emeritus 1.00
Director
$0 $0 $0
Mrs Edward W Cook Emeritus 1.00
Director
$0 $0 $0
Mrs F Eugene Dixon Jr Emeritus 1.00
Director
$0 $0 $0
Mrs Robert M Grace Emeritus 1.00
Director
$0 $0 $0
Mrs Frances G Scaife Emeritus 1.00
Director
$0 $0 $0
Amanda Skier President & CEO 40.00
Officer
$239,748 $25,298 $265,046
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 $19,801,048 $3,354,741 $51,957,734 $16,446,307
2023 $11,080,638 $3,334,010 $34,586,956 $7,746,628
2022 $14,785,747 $2,056,825 $27,182,699 $12,728,922
2021 $2,702,887 $1,652,996 $15,506,745 $1,049,891
2020 $1,893,286 $1,500,542 $13,730,645 $392,744
2019 $2,941,657 $1,627,879 $13,159,073 $1,313,778
2018 $2,958,773 $2,231,911 $11,612,262 $726,862
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