Historic Preservation Partners Inc

Nonprofit profile at a glance

EIN
263189080
IRS 990 coverage
2011–2018
Forms available
Form 990 2018, Form 990-N 2010
Location
Topeka, KS, USA
Phone
7852321122
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Historical Societies & Historic Preservation

Official website

Reported finances

Revenue
$2,101,175
Expenses
$167,484
Assets
$51,822,639
Liabilities
$4,471

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • RICHARD KREADY (PRESIDENT/SECRETARY)

Highest reported compensation

  • RICHARD KREADY (PRESIDENT/SECRETARY): $45,000 total reported compensation
  • DEBRA RICKS (SECRETARY/TREASURER): $33,000 total reported compensation
  • ROSS FREEMAN (CHAIRMAN): $32,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To encourage and facilitate the preservation of historical structures by providing assistance in the planning and financing of the historical preservation work and by engaging in an oversight role during and after such work.

What it reported doing in 2018

Encourage and facilitate the preservation of historical structures by providing assistance in the planning and financing of the historical preservation work and by engaging in an oversight role during and after such work.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 90
  • Accountability: 46
  • Sustainability: 87
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8%; rating input score 8
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 55.6%; rating input score 56; 8th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 92%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 309.42; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 81.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -1.3% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -7.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 21.7% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 8% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 9 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $167K in reported program spending
  • Leadership: top reported pay $45K · 9 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2011 to 2018
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 35 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 8/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Review — Accountability: Independent voting board scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.