National Monuments Foundation Inc
- Assets
- $15.5m
- Revenue
- $1.3m
- Investments
- $2.7m
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 06-1705763
Organization Overview
National Monuments Foundation Inc is located in Atlanta, GA. The organization was established in 2004. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Monuments Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Monuments Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Monuments Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL MONUMENT FOUNDATION MISSION IS TO CREATE SELF-SUSTAINING DESTINATION LANDMARKS FOR LOCAL AND GREATER COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
OUR PURPOSE IS TO BUILD MONUMENTS FOR THE AGES WHICH WILL UPLIFT THE COMMUNITIES IN WHICH THEY ARE BUILT, THROUGH A CLASSICAL APPROACH TO URBAN DESIGN. THE FOUNDATION, THROUGH EXTENSIVE RESEARCH CREATES SELF-SUSTAINING DESTINATION LANDMARKS OF NATIONAL HISTORICAL AND AESTHETIC RELEVANCE, AS WELL AS CENTERS FOR CULTURAL, CIVIC AND SOCIAL ACTIVITIES FOR LOCAL AND GREATER COMMUNITIES IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Mims Cook Jr Director | OfficerTrustee | 40 | $30,769 |
Caleb Clark Director | Trustee | 1 | $0 |
Pat Daniel Director | Trustee | 1 | $0 |
Bob Harris Director | Trustee | 1 | $0 |
Robert Hultslander Director | Trustee | 1 | $0 |
Joe Lonsdale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $994,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,062,779 |
| Total Program Service Revenue | $3,889 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,782 |
| Net Gain/Loss on Asset Sales | $136,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $838 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,253,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,769 |
| Compensation of current officers, directors, key employees. | $6,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $149,989 |
| Fees for services: Management | $7,187 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,650 |
| Advertising and promotion | $0 |
| Office expenses | $7,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,163 |
| Travel | $703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $103,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $700,875 |
| Insurance | $27,263 |
| All other expenses | $0 |
| Total functional expenses | $1,516,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,046,447 |
| Accounts receivable, net | $100,000 |
| Loans from Officers, Directors, or Controlling Persons | $29,861 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,734 |
| Net Land, buildings, and equipment | $10,764,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,728,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $851 |
| Total assets | $15,451,772 |
| Accounts payable and accrued expenses | $248,723 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,474,813 |
| Secured mortgages and notes payable | $3,021,887 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,000 |
| Total liabilities | $4,760,423 |
| Net assets without donor restrictions | $7,837,401 |
| Net assets with donor restrictions | $2,853,948 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,451,772 |
Grants Awarded
Over the last fiscal year, National Monuments Foundation Inc has awarded $564,413 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW J YOUNG FOUNDATION INC PURPOSE: GENERAL SUPPORT | $25,000 |
HISTORIC MIMS PARK PURPOSE: GENERAL SUPPORT | $539,413 |