Preservation Utah
People Preserving Places.
Preservation Utah
EIN: 87-0272392
as of November 2023
as of November 13, 2023
Mission
Preservation Utah works to keep the past alive, not only for preservation but to inspire and provoke a more creative present and sustainable future. We preserve, promote, and protect Utah's historic built environment through public awareness, advocacy, and active preservation.
Ruling year
1966
Executive Director
Brandy Strand
Main address
375 N CANYON RD
SALT LAKE CTY, UT 84103 USA
Formerly known as
Utah Heritage Foundation
EIN
87-0272392
Historical activities
Community improvement
Population served
Children and youth
Adults
NTEE code
Historical Societies & Historic Preservation (A82)
Historical Societies and Related Activities (A80)
Community, Neighborhood Development, Improvement (S20)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Low-interest Revolving Loan Fund
Provides low-interest loans for historic home rehabs from Preservation Utah's Revolving Fund Loan Program. Preservation Utah administers the loan program to renew and stabilize neighborhoods by upgrading older existing homes. Property owners can receive loans for exterior and interior work.
Technical Assistance
We respond to calls from citizens who need advice on saving endangered properties, conducting local preservation programs, passing local preservation ordinances, and integrating preservation into local planning.
Stewardship
Preservation Utah is the steward of historic Memorial House in Salt Lake City's Memory Grove Park. Preservation Utah rehabilitated Memorial House in the 90's after it stood vacant for ten years and the building is now used as an event space. Our continued maintenance and operation of this landmark as an event venue ensures its use and enjoyment by the public.
ADVOCACY
Preservation Utah advocates preservation-oriented public policies by drafting legislation, testifying before legislative committees, and lobbying for the passage of bills that preserve Utah's historic resources.
Among Preservation Utah's most significant advocacy successes are the passage of bills establishing the Utah Historic Preservation Tax Credit, which allows a 20% reinvestment tax credit for the rehabilitation of historic residential properties, and the Utah Main Street Program, which promotes economic development through the revitalization of historic downtowns.
Education Programs
Our heritage education programs teach students about Utah 's history and its historic resources. Students participate in planned activities, instruction, and discussion through tours of significant historic sites including the Kearns (Utah Governor's) Mansion and the Salt Lake City and County building. Teacher's guides that feature pre- and post-tour lessons for these two buildings and most recently, historic buildings in Washington County, are available to teachers free of charge.
Special Events
Preservation Utah hosts a number of annual events including the Historic Homes Tour, an Awards Ceremony, Community Preservation Trainings, Rehab It Right! Workshops, and various public tours, including free Summer Tours.
Where we work
External reviews
Photos
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
3.12
Months of cash in 2022 info
45.5
Fringe rate in 2022 info
14%
Funding sources info
Assets & liabilities info
Financial data
Preservation Utah
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Preservation Utah’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $197,244 | $99,324 | -$41,769 | $70,998 | -$8,211 |
| As % of expenses | 51.6% | 25.6% | -19.6% | 26.5% | -2.8% |
| Unrestricted surplus (deficit) after depreciation | $197,244 | $99,324 | -$42,124 | $70,642 | -$10,170 |
| As % of expenses | 51.6% | 25.6% | -19.8% | 26.4% | -3.4% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $658,587 | $458,970 | $158,740 | $305,800 | $348,959 |
| Total revenue, % change over prior year | 34.1% | -30.3% | -65.4% | 92.6% | 14.1% |
| Program services revenue | 7.9% | 13.1% | 0.0% | 7.9% | 15.2% |
| Membership dues | 1.8% | 1.2% | 2.1% | 2.5% | 1.3% |
| Investment income | 2.8% | 3.5% | 8.2% | 5.6% | 5.9% |
| Government grants | 35.0% | 20.5% | 80.8% | 54.9% | 47.8% |
| All other grants and contributions | 46.7% | 55.2% | 34.7% | 32.1% | 31.7% |
| Other revenue | 5.7% | 6.5% | -25.9% | -3.0% | -1.8% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $382,220 | $388,690 | $212,606 | $267,633 | $295,589 |
| Total expenses, % change over prior year | -16.7% | 1.7% | -45.3% | 25.9% | 10.4% |
| Personnel | 67.1% | 68.1% | 65.4% | 67.3% | 57.9% |
| Professional fees | 9.1% | 5.5% | 19.5% | 13.4% | 17.0% |
| Occupancy | 0.0% | 0.0% | 2.0% | 3.1% | 3.7% |
| Interest | 0.0% | 0.5% | 0.0% | 0.2% | 0.1% |
| Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% |
| All other expenses | 23.8% | 26.0% | 13.1% | 16.1% | 20.0% |
| Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $382,220 | $388,690 | $212,961 | $267,989 | $297,548 |
| One month of savings | $31,852 | $32,391 | $17,717 | $22,303 | $24,632 |
| Debt principal payment | $0 | $0 | $0 | $495,766 | $6,793 |
| Fixed asset additions | $0 | $31,621 | $0 | $1,528 | $0 |
| Total full costs (estimated) | $414,072 | $452,702 | $230,678 | $787,586 | $328,973 |
Capital structure indicators
| Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Months of cash | 33.9 | 35.9 | 94.0 | 54.7 | 45.5 |
| Months of cash and investments | 40.4 | 43.4 | 109.4 | 67.8 | 55.4 |
| Months of estimated liquid unrestricted net assets | 21.5 | 23.2 | 40.3 | 35.1 | 31.4 |
| Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $1,079,438 | $1,161,621 | $1,665,081 | $1,220,439 | $1,121,260 |
| Investments | $207,304 | $244,902 | $272,302 | $292,757 | $242,390 |
| Receivables | $271,342 | $235,490 | $318,558 | $340,660 | $468,927 |
| Gross land, buildings, equipment (LBE) | $310,357 | $339,247 | $288,806 | $293,306 | $297,806 |
| Accumulated depreciation (as a % of LBE) | 100.0% | 90.7% | 90.2% | 90.0% | 90.4% |
| Liabilities (as a % of assets) | 21.4% | 20.6% | 39.7% | 24.5% | 23.5% |
| Unrestricted net assets | $685,271 | $784,595 | $742,471 | $813,113 | $802,943 |
| Temporarily restricted net assets | $539,966 | N/A | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
| Total restricted net assets | $539,966 | $543,764 | $637,986 | $613,714 | $625,073 |
| Total net assets | $1,225,237 | $1,328,359 | $1,380,457 | $1,426,827 | $1,428,016 |
Key data checks
| Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Brandy Strand
Number of employees
Source: IRS Form 990
Preservation Utah
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Preservation Utah
Board of directorsas of 11/16/2023
Board of directors data
Timothy Houpt
Steve Cornell
Jack Hodgkins
Gabriela Richardson
Timothy Houpt
Patrick Becker
Randy Hoffman
Will Pratt
Jack Davis
Malarie DeVincent
Suzy Eskenazi
Dalton Gackle
David Hunter
Jordan Menzel
Nathan Miller
Tracey Smith
Amber Anderson
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
Disability
We do not display disability information for organizations with fewer than 15 staff.
Equity strategies
Last updated: 11/16/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
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