BLUEGRASS TRUST FOR HISTORIC PRESERVATION INC

EIN: 610518029 501(c)(3) Arts, Culture & Humanities

LEXINGTON, KY

Total Revenue
$398,559
Total Expenses
$799,408
Total Assets
$5,482,268
Net Assets
$5,456,095
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
KY
Principal Officer
JONATHAN COLEMAN
Phone
8592530362
Tax Period
2023-07-01 to 2024-06-30

BLUEGRASS TRUST FOR HISTORIC PRESERVATION INC, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $399K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $799K exceeded revenue, resulting in a 101% operating deficit.

Mission

OUR MISSION IS TO BE CENTRAL KENTUCKY'S RESOURCE FOR PROTECTING, REVITALIZING, AND PROMOTING OUR HISTORIC PLACES, ENHANCING THE QUALITY OF LIFE FOR ALL. OUR VISION IS TO LIVE IN A COMMUNITY THAT HONORS ITS DIVERSE CULTURAL LEGACIES THROUGH HISTORIC PRESERVATION.

Program Service Accomplishments

Program 1
Expenses: $155,003

HISTORIC PRESERVATION EDUCATION: THE BLUE GRASS TRUST EDUCATES CENTRAL KENTUCKIANS ON THE BENEFITS AND PRACTICES OF HISTORIC PRESERVATION. OUR EDUCATIONAL PROGRAMMING INCLUDES: DETOURS: FOUNDED IN...

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HISTORIC PRESERVATION EDUCATION: THE BLUE GRASS TRUST EDUCATES CENTRAL KENTUCKIANS ON THE BENEFITS AND PRACTICES OF HISTORIC PRESERVATION. OUR EDUCATIONAL PROGRAMMING INCLUDES: DETOURS: FOUNDED IN JANUARY 2011, THE MONTHLY BLUE GRASS TRUST DETOURS PROGRAM IS DESIGNED TO PROVIDE FREE, EASILY ACCESSIBLE TOURS OF PLACES THE PUBLIC CANNOT NORMALLY ACCESS, HELPING PEOPLE INTERACT WITH AND LEARN ABOUT THE HISTORIC PLACES THAT MAKE CENTRAL KENTUCKY SPECIAL. TOUR THE HISTORIC BLUEGRASS: FREE PRINT AND DIGITAL SELF-GUIDED TOURS OF THE HISTORIC DISTRICT DESIGNATIONS IN FAYETTE COUNTY, ALONG WITH THEMATIC TOURS ON SUCCESSFUL EXAMPLES OF ADAPTIVE REUSE OF HISTORIC PROPERTIES. THE HOPEMONT LECTURE: NAMED AFTER THE 1814 HOME THAT SPURRED THE CREATION OF THE BLUE GRASS TRUST, THE HOPEMONT LECTURE BRINGS THE NATION'S FOREMOST PRESERVATIONISTS AND HISTORIANS TO CENTRAL KENTUCKY. FREE AND OPEN TO THE PUBLIC, THE LECTURES INCLUDE A WORKSHOP FOR KENTUCKY'S PRESERVATION PROFESSIONALS AND A COMMUNITY VOLUNTEER ACTION. PRESERVATION MATTERS: THE BLUE GRASS TRUST'S SIGNATURE BIANNUAL PUBLICATION INFORMS THOUSANDS OF THE SWEEPING, BENEFICIAL IMPACTS OF PRESERVATION IN CENTRAL KENTUCKY. AMPLIFYING PRESERVATION SUCCESS STORIES, INSIGHTFUL LOCAL HISTORIES, IMPORTANT ADVOCACY WORK, AND HELPFUL RESOURCES, PRESERVATION MATTERS IS FREE IN BOTH PRINT AND DIGITAL FORMS AND IS MAILED TO APPROXIMATELY 6,000 HOUSEHOLDS ANNUALLY.

Program 2
Expenses: $239,709 Revenue: $15,000

HISTORIC PRESERVATION ADVOCACY: THE BLUE GRASS TRUST LENDS OUR VOICE TO HISTORIC PRESERVATION EFFORTS IN OUR CENTRAL KENTUCKY COMMUNITIES. OUR ADVOCACY WORK INCLUDES: COMMUNITY OUTREACH: THROUGH...

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HISTORIC PRESERVATION ADVOCACY: THE BLUE GRASS TRUST LENDS OUR VOICE TO HISTORIC PRESERVATION EFFORTS IN OUR CENTRAL KENTUCKY COMMUNITIES. OUR ADVOCACY WORK INCLUDES: COMMUNITY OUTREACH: THROUGH PROGRAMS, EVENTS, AND OUTREACH EFFORTS, WE STRIVE TO RAISE AWARENESS ABOUT THE IMPORTANCE OF PRESERVING THE REGION'S CULTURAL HERITAGE AND LEGACY FOR FUTURE GENERATIONS, ACTIVELY ADVOCATING FOR POLICIES, PROGRAMS, AND INITIATIVES THAT PROTECT AND PROMOTE HISTORIC SITES, BUILDINGS, NEIGHBORHOODS, AND LANDSCAPES THROUGH MEANS SUCH AS HIGHLIGHTING DEMOLITION THREATS AND ORGANIZING PETITIONS TO SAVE ENDANGERED BUILDINGS. IN 2023-2024, WE LED THE COMMUNITY EFFORTS TO SAVE 13 NATIONAL-REGISTER-LISTED BUILDINGS FROM DEMOLITION AND SUCCESSFULLY ARGUED AGAINST UNFAIR BOND REQUIREMENTS FOR PRESERVATION ADVOCACY AT THE KENTUCKY SUPREME COURT. PRESERVATION AWARDS: FOR OVER 30 YEARS, THE PRESERVATION AWARDS HAVE HIGHLIGHTED THE POSITIVE, FAR-REACHING IMPACT THAT PRESERVATION PLAYS IN CENTRAL KENTUCKY BY HONORING INDIVIDUALS, PROJECTS, AND ORGANIZATIONS THAT EXEMPLIFY THE PROMOTION, AWARENESS, OR PRACTICE OF HISTORIC PRESERVATION WITHIN THE CENTRAL KENTUCKY REGION. PRESERVING PALMER PHARMACY: SAVED FROM DEMOLITION IN 2017, THE BLUE GRASS TRUST HAS LED THE EFFORT TO FIND A NEW STEWARD FOR HISTORIC PALMER PHARMACY, A MID-CENTURY GEM WITH AN IMPORTANT CIVIL RIGHTS STORY, LOCATED IN LEXINGTON'S EAST END NEIGHBORHOOD. THE BLUE GRASS TRUST WAS ABLE TO RAISE $100,000 TO OFFSET THE RENOVATION COSTS AND ASSISTED THE NEW STEWARD WITH PRESERVATION CONSULTING. THE BUILDING REOPENED AS THE MARKSBURY FAMILY WAYPOINT CENTER OF THE UNITED WAY OF THE BLUEGRASS AT HISTORIC PALMER PHARMACY IN MAY 2024.

Program 3
Expenses: $238,241 Revenue: $2,485

DIRECT HISTORIC PRESERVATION SERVICES: THE BLUE GRASS TRUST SERVES AS A RESOURCE AND GUIDE TO HELP CENTRAL KENTUCKIANS IN THEIR HISTORIC PRESERVATION EFFORTS WHILE ENGAGING IN PRESERVATION...

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DIRECT HISTORIC PRESERVATION SERVICES: THE BLUE GRASS TRUST SERVES AS A RESOURCE AND GUIDE TO HELP CENTRAL KENTUCKIANS IN THEIR HISTORIC PRESERVATION EFFORTS WHILE ENGAGING IN PRESERVATION STEWARDSHIP PROJECTS OF OUR OWN. OUR SERVICES INCLUDE: CONSULTATION AND ADVISING: THROUGH ITS PROFESSIONAL STAFF AND FREE DIGITAL RESOURCES ON ITS WEBSITE, THE BLUE GRASS TRUST ASSISTS MEMBERS OF OUR COMMUNITIES IN FINDING RESOURCES AND FUNDING, NAVIGATING THEIR HISTORIC PRESERVATION PROJECTS, AND UNDERSTANDING THE NATIONAL REGISTER AND HISTORIC TAX CREDIT PROGRAMS. IN THIS YEAR WE CONSULTED, ADVISED, OR OTHERWISE ASSISTED WITH COMMUNITY PRESERVATION EFFORTS, LARGE AND SMALL, IN EVERY CENTRAL KENTUCKY COUNTY AND FIELDED AROUND 100 DIRECT REQUESTS FOR PRESERVATION ASSISTANCE. PROPERTY STEWARDSHIP: THE BLUE GRASS TRUST DIRECTLY STEWARDS FOUR UNIQUE HISTORIC PROPERTIES, THREE OF WHICH ARE ON THE NATIONAL REGISTER OF HISTORIC PLACES AND ALL OF WHICH ARE WITHIN HISTORIC DESIGNATION OVERLAYS. THESE PROPERTIES INCLUDE HOPEMONT, LATROBE'S POPE VILLA, ENDICOTT COTTAGE, AND THE DR. THOMAS HUNT MORGAN HOUSE. IN 2023-2024, WE INVESTED ALMOST $450,000 FOR A VITAL RESTORATION OF HOPEMONT, BUILT IN 1814. THE PLAQUE PROGRAM: THE BGT PLAQUE PROGRAM COULD BE CONSIDERED THE BLUE GRASS TRUST'S MOST VISIBLE PROGRAM. THE PLAQUE SERVES AS A VISUAL SYMBOL OF CIVIC PRIDE THAT IS MEANT TO SIGNIFY RESPECT AND APPRECIATION FOR THE HISTORIC VALUE OF THE PROPERTIES. IT CALLS ATTENTION TO BUILDINGS OF ARCHITECTURAL OR HISTORIC SIGNIFICANCE THAT ARE AT LEAST FIFTY YEARS OLD. OVER 800 PLAQUES HAVE BEEN AWARDED SINCE THE PROGRAM BEGAN IN THE EARLY 1970S, AND FOURTEEN NEW BUILDINGS WERE ADDED THIS YEAR.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $218,070
Program Service Revenue $17,715
Investment Income $88,225
Other Revenue $74,549
TOTAL REVENUE $398,559

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $367,869
Fundraising Expenses $35,509
Program Expenses $632,953
Other Expenses $331,539
TOTAL EXPENSES $799,408

Year-over-Year Comparison

2023 2022 Change
Revenue $398,559 $457,984 -0.1%
Expenses $799,408 $547,886 +0.5%
Net Income $-400,849 $-89,902 +3.5%
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
20
Independent Members
20
Employees
4
Volunteers
100

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
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE YOUNG TREASURER 5.00
Officer Director
$0 $0 $0
JANIE-RICE BROTHER DIRECTOR 1.00
Director
$0 $0 $0
GENEVA DONALDSON DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN PETERS SECRETARY 5.00
Officer Director
$0 $0 $0
DAVE ELBON DIRECTOR 1.00
Director
$0 $0 $0
STEVE GARDNER DIRECTOR 1.00
Director
$0 $0 $0
WANDA JACQUITH DIRECTOR 1.00
Director
$0 $0 $0
KATHY CHOPRA DIRECTOR 1.00
Director
$0 $0 $0
BRENNA PYE DIRECTOR 1.00
Director
$0 $0 $0
LUCY JONES DIRECTOR 1.00
Director
$0 $0 $0
RICK QUEEN DIRECTOR 1.00
Director
$0 $0 $0
RICHARD SHEIN DIRECTOR 1.00
Director
$0 $0 $0
CAROL MARTIN DIRECTOR 1.00
Director
$0 $0 $0
MIKE MEUSER PRESIDENT 5.00
Officer Director
$0 $0 $0
DAN VIVIAN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DIEDRA B DENNIE DIRECTOR 1.00
Director
$0 $0 $0
EMILY BERGERON DIRECTOR 1.00
Director
$0 $0 $0
BEVERLY FORTUNE DIRECTOR 1.00
Director
$0 $0 $0
PHILIP TIBBS DIRECTOR 1.00
Director
$0 $0 $0
TERRI KELLY 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 No data No data No data No data
2024 $398,559 $799,408 $5,482,268 $-400,849
2023 $457,984 $547,886 $6,506,611 $-89,902
2022 $699,603 $470,664 $6,343,781 $228,939
2021 $430,018 $302,823 $6,827,259 $127,195
2020 $500,675 $379,038 $6,014,694 $121,637
2019 $350,285 $390,591 $5,684,026 $-40,306
2018 $327,595 $351,652 $5,701,404 $-24,057
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