Poe Foundation Inc
- Assets
- $1.2m
- Revenue
- $688.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Richmond, VA
- Founding
- 12/1947
- Data as of
- 06/2024
- EIN
- 54-0343050
Organization Overview
Poe Foundation Inc is located in Richmond, VA. The organization was established in 1947. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Poe Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poe 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 06/2024, Poe Foundation Inc generated $688.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $646.3k during the year ending 06/2024. While expenses have increased by 12.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRING, PRESERVING, AND INTERPRETING POE WORKS FOR THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF MUSEUM RELATING TO THE LIFE AND TIMES OF EDGAR ALLAN POE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dean Browell President | OfficerTrustee | 1 | $0 |
Brian Dismore Vice Preside | OfficerTrustee | 1 | $0 |
Andrew Waters Treasurer | OfficerTrustee | 1 | $0 |
Adam Worchester Imm. Past Pr | OfficerTrustee | 1 | $0 |
Arabeth Balasko Executive Co | Trustee | 1 | $0 |
Jeffery Chapman Executive Co | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,688 |
| Total Program Service Revenue | $452,666 |
| Investment income | $10,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $688,437 |
| 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. | $61,846 |
| Compensation of current officers, directors, key employees. | $13,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,455 |
| Payroll taxes | $24,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,060 |
| Advertising and promotion | $18,388 |
| Office expenses | $14,422 |
| Information technology | $3,446 |
| Royalties | $0 |
| Occupancy | $75,644 |
| Travel | $2,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,530 |
| Insurance | $11,655 |
| All other expenses | $3,048 |
| Total functional expenses | $646,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,907 |
| Savings and temporary cash investments | $71,611 |
| 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 | $15,644 |
| Prepaid expenses and deferred charges | $7,584 |
| Net Land, buildings, and equipment | $462,319 |
| Investments—publicly traded securities | $354,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,430 |
| Total assets | $1,178,810 |
| Accounts payable and accrued expenses | $31,962 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,962 |
| Net assets without donor restrictions | $1,097,369 |
| Net assets with donor restrictions | $49,479 |
| 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 | $1,178,810 |