Charity Search / BLUE GRASS TRUST FOR HISTORIC PRESERVATION INC
Arts, Culture & Humanities (A800) IRS Verified DX Registered 990 on File

BLUE GRASS TRUST FOR HISTORIC PRESERVATION INC

EIN: 61-0518029 · LEXINGTON, KY 40507-1034 · United States · FY 2024 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 84/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

The Blue Grass Trust for Historic Preservation, Inc. is a membership-based non-profit 501(c)3 advocate for historic preservation that strives to protect, revitalize and promote the special historic places in our community in order to enhance the quality of life for future generations. The Blue Grass Trust (BGT) was founded in 1955 by a spirited group of Lexington citizens who were determined to save the John Wesley Hunt residence at 201 North Mill Street in Gratz Park from demolition. This group raised funds to purchase and restore the property, known as Hopemont, the Hunt-Morgan House, to its original 1814 appearance. In 1958, Gratz Park became Lexington's first local historic district. Today, Lexington has fifteen local historic districts, and Hopemont stands as a testament to the beginning of the BGT and the birth of the preservation movement in Central Kentucky. Over the years, the Trust has helped save many other historic structures, including the Dudley House, Shakertown of Pleasant Hill, the Adam Rankin House, Henry Clay’s Law Office, Belle Brezing’s Row Houses, the Mary Todd Lincoln House, the Stilfield Log House, Benjamin Latrobe’s Pope Villa, and most recently the Dr. Thomas Hunt Morgan House. The BGT is the steward of four properties: Hopemont, the Hunt-Morgan House Museum & Garden at 201 N. Mill Street; Latrobe's Pope Villa at 326 Grosvenor Avenue; the Endicott Cottage at 322 Grosvenor Avenue; and the Dr. Thomas Hunt Morgan House at 210 N. Broadway, which includes the H. Foster Pettit Auditorium and the offices of the BGT. Today, the Trust continues to provide valuable leadership, education and inspiration to the preservation movement in Lexington, Central Kentucky and throughout the state through our advocacy, the BGT plaque program, BGT deTours, Preservation Matters magazine, seminars, walking tour brochures, and more. As the region’s leading historic preservation organization, we work diligently to fulfill our mission of education, service and advocacy. The BGT serves as the region’s leading advocacy organization for all preservation-related matters. Since the time of its formation, the BGT has endeavored to create public awareness of the benefits of historic preservation and to serve as advocates for the preservation of the historic places of the Bluegrass.

Financial Overview — FY 2024
$399K
Total Revenue
$799K
Total Expenses
$5.5M
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 79.2%
Fundraising Efficiency N/A
Operating Reserve 81.90x
Liability-to-Asset 0.5%
Revenue Diversification 54.7%
Executive Compensation $145K
Compared with Peers
FY 2024
Compared with 12,711 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
79.2% 82.0%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
16.4% 14.1%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
4.4% 0.0%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
81.9 mo 9.8 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.5% 1.8%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
54.7% 79.8%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-13.0% 8.1%
P10P90
Expense growth
Year over year expense growth
45.9% 8.8%
P10P90
Surplus margin
Surplus as a share of revenue
-100.6% 1.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $399K $799K $5.5M 79.2% 4
2023 $458K $548K $6.5M 73.7% 3
2022 $700K $471K $6.3M 87.3% 4
2021 $430K $303K N/A 4
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Organization Details
EIN
61-0518029
State
KY
City
LEXINGTON
ZIP
40507-1034
Classification
A800
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Foundation Code
15
Form 990
On File
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