BARDSTOWN HISTORIC DEVELOPMENT CORPORATION

EIN: 610843132 501(c)(3) Arts, Culture & Humanities

BARDSTOWN, KY

Total Revenue
$302,842
Total Expenses
$221,455
Total Assets
$1,211,403
Net Assets
$1,209,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
KY
Principal Officer
BILL CONWAY
Phone
5023482999
Tax Period
2024-01-01 to 2024-12-31

BARDSTOWN HISTORIC DEVELOPMENT CORPORATION, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $303K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $81K, a strong 27% operating margin.

Mission

TO EDUCATE INDIVIDUALS ON THE HISTORY OF BARDSTOWN, KY AND TO PROMOTE THE PRESERVATION AND RESTORATION OF HISTORICAL BUILDINGS, AND MAINTAIN THE ARCHITECTURAL SIGNIFICANCE OF BUILDINGS IN AND AROUND BARDSTOWN AND NELSON COUNTY, KENTUCKY.

Program Service Accomplishments

Program 1
Expenses: $168,336 Revenue: $57,426

ANY EXPENSES OF THE ORGANIZATION ARE REPORTED ON PART IX, STATEMENT OF FUNCTIONAL EXPENSES, PAGE 10. THE ORGANIZATION HAS RESTORED A HISTORICALLY SIGNIFICANT STRUCTURE. IN AN ATTEMPT TO DEFRAY SOME...

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ANY EXPENSES OF THE ORGANIZATION ARE REPORTED ON PART IX, STATEMENT OF FUNCTIONAL EXPENSES, PAGE 10. THE ORGANIZATION HAS RESTORED A HISTORICALLY SIGNIFICANT STRUCTURE. IN AN ATTEMPT TO DEFRAY SOME OF THE COSTS, PARTS OF THE BUILDING ARE RENTED TO VARIOUS BUSINESSES. THE ORGANIZATION IS RUN BY A GROUP OF CONCERNED VOLUNTEERS WHO TAKE NO SALARY AND PROVIDE SERVICES AT NO COST TO THE ORGANIZATION. ALTHOUGH SOME OF THE EXPENSES ARE DIRECTLY RELATED TO A WHISKEY MUSEUM, WHICH IS PROVIDED SPACE AT NO COST, THE MAJORITY APPLY TO THE STRUCTURE AS A WHOLE. THE ORGANIZATION HAS ALSO BEGUN THE RESTORATION OF ANOTHER HISTORICALLY SIGNIFICANT STRUCTURE IN BARDSTOWN.THE GETZ FOUNDATION PROVIDES CONTRIBUTIONS ANNUALLY FOR OPERATING EXPENSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $58,800
Program Service Revenue $1,580
Investment Income $10,946
Other Revenue $231,516
TOTAL REVENUE $302,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,116
Fundraising Expenses $0
Program Expenses $168,336
Other Expenses $159,339
TOTAL EXPENSES $221,455

Year-over-Year Comparison

2024 2023 Change
Revenue $302,842 $335,696 -0.1%
Expenses $221,455 $173,651 +0.3%
Net Income $81,387 $162,045 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
6
Volunteers
N/A

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
$47,600
Total Directors
7
$47,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL CONWAY CHAIRMAN 2.00
Officer Director
$0 $0 $0
PAUL MCCOY VICE-CHAIR 2.00
Officer Director
$0 $0 $0
JACK REIN DIRECTOR/CURATOR 40.00
Officer Director
$47,600 $0 $47,600
FRANCIS X SMITH TREASURER 2.00
Officer Director
$0 $0 $0
DAVID HALL DIRECTOR 2.00
Director
$0 $0 $0
JEANETTE CANTRELL DIRECTOR 2.00
Director
$0 $0 $0
KEITH WEST DIRECTOR 2.00
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
2024 $302,842 $221,455 $1,211,403 $81,387
2023 $335,696 $173,651 $1,129,963 $162,045
2022 $238,313 $131,886 $969,233 $106,427
2021 $369,872 $167,200 $861,820 $202,672
2020 $248,554 $147,001 $658,803 $101,553
2019 $146,978 $140,251 $562,406 $6,727
2018 $147,081 $135,752 $555,432 $11,329
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