Olde Dominion Agricultural Foundation
- Assets
- $7.3m
- Revenue
- $814.5k
- Investments
- $13.2k
- Employees
- 13
- Location
- Chatham, VA
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-2259766
Organization Overview
Olde Dominion Agricultural Foundation is located in Chatham, VA. The organization was established in 2008. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Olde Dominion Agricultural Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olde Dominion Agricultural Foundation 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, Olde Dominion Agricultural Foundation generated $814.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $778.7k during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE OLDE DOMINION AGRICULTURAL FOUNDATION (ODAF) ENVISIONS A SOUTHSIDE VIRGINIA WHERE AGRICULTURE, BUSINESS AND COMMUNITIES THRIVE, GROW, LEARN AND COLLABORATE. TO FULFILL THIS VISION, ODAF'S MISSION IS TO PROMOTE AND SUPPORT REGIONAL AGRICULTURE WHILE OFFERING A COMMUNITY BASED VENUE TO EDUCATE AND ENTERTAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE OR REDUCED RENTAL FEES IN THE CONFERENCE CENTER AND ARENA TO ORGANIZATIONS FOR AGRICULTURAL USE. TOTAL PROVIDED IN 2021 EQUALING 24 RENTALS HAVING A RETAIL VALUE OF $7,700.
PROVIDE FREE RENTAL FEES IN THE CONFERENCE CENTER AND ARENA TO REGIONAL FFA AND 4H YOUTH ORGANIZATIONS. 5 RENTALS WERE USED IN 2021 WITH A RETAIL VALUE OF $12,900.
PROVIDES AN 11,000 SQUARE FEET FARMERS' MARKET PAVILION INCLUDING A BATHROOM FACILITY, ELECTRICITY AND WATER AT NO CHARGE TO PITTSYLVANIA COUNTY REGIONAL FARMERS TO MARKET AND SELL THEIR AGRICULTURE PRODUCTS FROM MAY-OCTOBER OF 2021. VALUE OF $25,000 PER SEASON. PITTSYLVANIA COUNTY, VIRGINIA SENDS $25,000 TO THE OLDE DOMINION AGRICULTURAL FOUNDATION TO RUN AND MAINTAIN THE FARMERS' MARKET.
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 |
|---|---|---|---|
Roger Jefferson Vice Chairman | OfficerTrustee | 1 | $0 |
Elizabeth Hammond Treasurer | OfficerTrustee | 1 | $0 |
Jessica Jones Secretary | OfficerTrustee | 1 | $0 |
Lisa Shorter Chairman | OfficerTrustee | 1 | $0 |
Chuck Angier Board Member | Trustee | 1 | $0 |
Tommy Barron Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,472 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,372 |
| Total Program Service Revenue | $0 |
| Investment income | $3,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $492,124 |
| Net Gain/Loss on Asset Sales | $851 |
| Net Income from Fundraising Events | $29,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $814,484 |
| 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. | $100,018 |
| Compensation of current officers, directors, key employees. | $26,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,297 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,424 |
| Office expenses | $12,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,999 |
| Interest | $31,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,559 |
| Insurance | $26,323 |
| All other expenses | $0 |
| Total functional expenses | $778,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,598 |
| Savings and temporary cash investments | $820,708 |
| Pledges and grants receivable | $8,750 |
| Accounts receivable, net | $85,029 |
| 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 | $6,363,983 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,233 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,667 |
| Total assets | $7,318,968 |
| Accounts payable and accrued expenses | $57,453 |
| Grants payable | $0 |
| Deferred revenue | $88,140 |
| 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 | $875,325 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,020,918 |
| Net assets without donor restrictions | $6,087,611 |
| Net assets with donor restrictions | $210,439 |
| 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 | $7,318,968 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Olde Dominion Agricultural Foundation has recieved totaling $847,197.
| Awarding Organization | Amount |
|---|---|
Danville Regional Foundation Danville, VA PURPOSE: FACILITY EXPANSION | $758,212 |
Danville Regional Foundation Danville, VA PURPOSE: EXPANSION AND CAPACITY | $30,000 |
J T - Minnie Maude Charitable Trust Danville, VA PURPOSE: A USED NEW HOLLAND SKID STEER LOADER | $29,500 |
J T - Minnie Maude Charitable Trust Danville, VA PURPOSE: INDUSTRIAL FAN INSTALLATION FOR WARM-UP ARENA AND HEATING UNITS TO COVER THE MAIN ARENA | $29,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Fund Voice Inc Washington, DC | $4,065,854 | $19,697,419 |
Center For The Study Of Social Policy Washington, DC | $21,257,623 | $17,047,188 |
Regulatory Affairs Professionals Society Rockville, MD | $9,226,443 | $11,018,465 |
Issue One Washington, DC | $6,409,189 | $6,980,798 |
Public Affairs Council Inc Washington, DC | $11,621,204 | $5,655,372 |
Carolina Partnership For Reform Inc Raleigh, NC | $581,254 | $4,602,025 |
Commercial Vehicle Safety Alliance Greenbelt, MD | $5,175,740 | $5,464,465 |
Living Classrooms Foundation Baltimore, MD | $10,378,836 | $6,289,035 |
Students For Life Action Fredericksburg, VA | $1,451,921 | $3,948,083 |
Public Access Corporation Of The District Of Columbia Washington, DC | $11,735,762 | $3,589,628 |
The Congressional Institute Inc Alexandria, VA | $6,719,545 | $3,277,666 |
Civil Justice Reform Group Great Falls, VA | $1,472,377 | $2,732,622 |