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PAINE CASTLE FOUNDATION INC

Troy, NY · EIN 813121349 · Form 990 · FY2024 · NTEE A80 · Arts, Culture & Humanities · Small ($100K-$1M) · painecastle.org
revenue
$193K
expenses
$443K
net assets
$81K
employees
0
volunteers
75
program ratio
93%
mission · from form 990

To renovate and preserve the architectural, historic, & civic value of the building more commonly known as 49 Second Street, Troy, NY 12180, currently registered with the New York State Historical Preservation registry, and to increase historical preservation awareness through educational programs open to the community.

profile · synthesized from sources

The Paine Castle Foundation is dedicated to renovating and preserving the historic Paine Mansion, a Gilded Age building at 49 Second Street in Troy, NY, originally constructed in the 1890s. The foundation also promotes public education about historical architecture through community events and tours. It was established by alumni of Pi Kappa Phi fraternity's Alpha Tau chapter, who previously used the building as a fraternity house.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $0
    None
  2. #2 $0
    None
named programs · 2 · from sources

What they call their work

Historical Architecture Education
Community outreach and educational programming focused on the history and architectural significance of the Paine Mansion and Gilded Age design.
Victorian Stroll Open House
Annual public event during the Troy Victorian Stroll where the Paine Castle is opened for tours to raise awareness and support for its preservation.
activities · 4 groups

What they do

  • Capital Infrastructure Funding 1 activity
    • Funding restoration and preservation projects at the Paine Mansion
      Raises and allocates funds for the renovation, restoration, and long-term maintenance of the Paine Mansion through initiatives such as the Castle150 capital campaign and targeted grants for specific restoration work, including ceiling artwork repair and chandelier restoration.
  • Historic Building Restoration and Preservation 1 activity
    • Preservation and restoration of the Paine Mansion
      Renovates, preserves, and protects the historic Paine Mansion (also known as Paine Castle) in Troy, NY, including structural, architectural, and decorative elements such as plasterwork, ceilings, flooring, light fixtures, and period-specific details. The organization has conducted restoration projects following water damage, restored historic rooms, and maintained the building using period-correct materials and energy-efficient upgrades.
  • Guided Historic Site Tours 1 activity
    • Private and virtual tours of the Paine Mansion
      Provides private tours for groups interested in historical architecture and offers a 3D virtual tour of the Paine Castle facility to enhance public access and engagement.
  • Architecture and Design Public Education Programs 1 activity
    • Public education and community engagement on historical architecture
      Offers educational programs, exhibits, lectures, seminars, and demonstrations at the Paine Mansion to promote public awareness of historical preservation and architectural heritage. Includes self-guided scavenger hunts, visual guides of interior details, and special events such as the annual Victorian Stroll Open House and other community-accessible programs.
financials · form 990 · fy2024
revenue
Total revenue$193K
Contributions & grants$180K93%
Program service revenue$00%
Investment income$4K2%
Other revenue$9K
expenses
Total expenses$443K
Program expenses93%
Admin / overhead7%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$261K
Cash$244K
Investments$0
Liabilities$180K
Net assets$81K
Liquid reserves6.6 mo
3 years on record · 2020–2024 · YoY revenue -23.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 10
  • George Theodore Dalakos — Director
  • Jonathan Diehl — Director
  • Keith Morris — Treasurer
  • Kimberly Rapp — Director
  • Len Pierce — Secretary
  • Nicholas Grippo — Director
  • Scott Carpman — Vice President
  • Scott Schenker — Assistant Treasurer
  • William Kenyon Banker — Director
  • Wyatt Alexander Nordstrom — Vice President
relationships · 12

Who they work with

  • Board of Directors Network — Independent board governing the Foundation and dedicated to fundraising for the preservation of The Castle
  • Downtown Troy Business Improvement District Partner — Lists events on a shared neighborhood calendar.
  • Friends of Paine Castle Troy Network — Community group on Facebook for supporters and visitors of the Paine Castle to share experiences and stay engaged.
  • Lori Wilson Decorative Solutions Partner — Contracted to restore damaged ceiling artwork in the "Spice Room" at Paine Castle.
  • New York State Government — Recipient of a Preservation Award from New York State for restoration work on the Parlor Room ceiling and stained glass windows.
  • Paine Castle Partner — Historic property being renovated and preserved
  • Pi Kappa Phi Partner — Alumni and undergraduate brothers collaborate with the Paine Castle Foundation on events and volunteer efforts.
  • Pi Kappa Phi Alpha Tau Chapter Partner — Alumni of the fraternity chapter founded and lead the Paine Castle Foundation.
  • Rensselaer County Regional Chamber of Commerce Partner — Collaborates to host The Castle as part of the annual Troy Victorian Stroll, an event hosted by the Chamber since 1993.
  • Rensselaer Polytechnic Institute Partner — Connected through the alumni chapter of Pi Kappa Phi at RPI that formed the foundation.
  • Russell Sage College Partner — Recovered the original dining room table from Russell Sage College.
  • Troy Savings Bank Music Hall Partner — Lists events on a shared neighborhood calendar.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Experiential Engagement Through Site-Based Learning
    methodology: experiential-education
    By using interactive formats like visual scavenger hunts during site visits, the foundation promotes deeper engagement with historical details, because hands-on, observational activities enhance public understanding and emotional connection to heritage.
  • Integrated Historic Preservation and Education
    methodology: historic_preservation_and_education
    By combining physical restoration of the Paine Mansion with public education on historic architecture, the foundation fosters community engagement and long-term cultural stewardship, because experiential learning and shared ownership increase public investment in preservation.