Preserve Newport Historic Properties

EIN: 814395368 501(c)(3) Arts, Culture & Humanities

Newport, VA

Total Revenue
$501,863
Total Expenses
$548
Total Assets
$505,556
Net Assets
$505,556
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
MICHAEL D WILLIAMS
Phone
5406263960
Tax Period
2019-01-01 to 2019-12-31

Preserve Newport Historic Properties, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $502K in total revenue in fiscal year 2019. Revenue surged 969% from the prior year, signaling strong growth momentum. The organization ran a surplus of $501K, a strong 100% operating margin.

Mission

Preserve historic properties in the municipality of Newport and immediately surrounding areas

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $500,485
Program Service Revenue $0
Investment Income $1,378
Other Revenue $0
TOTAL REVENUE $501,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $283
Other Expenses $548
TOTAL EXPENSES $548

Year-over-Year Comparison

2019 2018 Change
Revenue $501,863 $46,930 +9.7%
Expenses $548 $49,408 -1.0%
Net Income $501,315 $-2,478 -203.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BRADY Consultant N/A
Officer
$0 $0 $0
JEROLYN DEPLAZES Secretary N/A
Officer
$0 $0 $0
MICHAEL D WILLIAMS Chairman N/A
Officer
$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
2019 $501,863 $548 $505,556 $501,315
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