Historic Hopewell Foundation Inc
- Assets
- $1.1m
- Revenue
- $164.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Hopewell, VA
- Founding
- 03/1972
- Data as of
- 06/2021
- EIN
- 23-7219373
Organization Overview
Historic Hopewell Foundation Inc is located in Hopewell, VA. The organization was established in 1972. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Historic Hopewell Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Hopewell 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 06/2021, Historic Hopewell Foundation Inc generated $164.6k 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 (21.7%) each year. All expenses for the organization totaled $95.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAINING AND PRESERVING OF HISTORIC BUILDINGS AND GROUNDS WITHIN THE CITY OF HOPEWELL. THE PROPERTIES ARE AVAILABLE FOR PUBLIC TOURS AND OTHER COMMUNITY USES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING AND PRESERVING OF HISTORIC BUILDINGS AND GROUNDS WITHIN THE CITY OF HOPEWELL. THE PROPERTIES ARE AVAILABLE FOR PUBLIC TOURS AND THE COMMUNITY USES.
ORGANIZATION SPONSORS EXHIBITS, LECTURES, WORKSHOPS, SPECIAL MEETINGS AND EVENTS THAT ARE TO PROMOTE THE HISTORY OF THE LOCAL COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wagstaff President | OfficerTrustee | 1 | $0 |
Jodi Carden Vice-President | OfficerTrustee | 1 | $0 |
Ann Williams Secretary | OfficerTrustee | 1 | $0 |
Charles Frederickson Treasurer | OfficerTrustee | 2 | $0 |
J Tolleison Morriss Vi Trustee | Trustee | 1 | $0 |
Carolyn Hoagland Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,460 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,030 |
| Total Program Service Revenue | $1,305 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,712 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,611 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,554 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236 |
| Advertising and promotion | $0 |
| Office expenses | $5,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $949 |
| Interest | $49 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,102 |
| Insurance | $10,384 |
| All other expenses | $4,494 |
| Total functional expenses | $95,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,606 |
| Savings and temporary cash investments | $19,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $996,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,137,171 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $56,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,447 |
| Total liabilities | $57,802 |
| Net assets without donor restrictions | $1,026,798 |
| Net assets with donor restrictions | $52,571 |
| 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 | $1,137,171 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Historic Hopewell Foundation Inc has recieved totaling $45,720.
| Awarding Organization | Amount |
|---|---|
John Randolph Foundation Inc Hopewell, VA PURPOSE: ENDOWMENT PAYOUT AND FUNDING OF RESTORATION AND REPAIRS | $45,605 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Links Trust Washington, DC | $8,914,003 | $10,793,468 |
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
National Archives Foundation Washington, DC | $14,544,421 | $8,935,036 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
House Of The Temple Historic Preservation Foundation Inc Washington, DC | $31,687,828 | $5,822,669 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Supreme Court Historical Society The Society Washington, DC | $17,156,338 | $2,945,998 |