Robert E Lee Memorial Association
- Assets
- $32.5m
- Revenue
- $3.4m
- Investments
- $25.4m
- Employees
- 38
- Location
- Stratford, VA
- Founding
- 03/1933
- Data as of
- 06/2022
- EIN
- 54-0536105
Organization Overview
Robert E Lee Memorial Association, operating under the name Stratford Hall, is located in Stratford, VA. The organization was established in 1933. 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 06/2022, Stratford Hall employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratford Hall 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 06/2022, Stratford Hall generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRATFORD HALL PRESERVES THE LEGACY OF THE LEE FAMILY AND ITS PLANTATION COMMUNITY; INSPIRES AN APPRECIATION OF AMERICA'S PAST; AND ENCOURGAGES COMMITMENT TO THE IDEALS OF LEADERSHIP, HONOR, INDEPENDENT THOUGHT AND CIVIC RESPONSBILITY.
Describe the Organization's Program Activity:
RESEARCH AND EDUCATION PROGRAMS ARE FOCUSED ON ENGAGING THE BROADEST POSSIBLE AUDIENCE IN THE HISTORY OF STRATFORD HALL, ITS BUILDINGS, LANDSCAPE AND THE PEOPLE WHO LIVED HERE. THIS IS ACCOMPLISHED BY DEVELOPING ON AND OFF-SITE PROGRAMS, FACILITATING ACCESS AND UTILIZATION OF OUR COLLECTIONS, AND ENCOURAGING SCHOLARLY RESEARCH.
THE PRESERVATION INITIATIVES UNDERTAKEN ARE TO ASSURE THAT STRATFORD HALL'S IRREPLACEABLE HISTORIC BUILDINGS AND LANDSCAPE ARE PRESERVED IN PERPETUITY AND EQUIPPED TO MEET ON-GOING INSTITUTIONAL NEEDS.
THE ASSOCIATION'S RETAIL OPERATIONS SUPPORT THE ASSOCIATION'S TAX EXEMPT PURPOSES BY PROVIDING LODGING AND DINING FACILITIES AND SERVICES FOR USE BY THE BOARD OF DIRECTORS, VISITORS, AND EDUCATIONAL PROGRAM PARTICIPANTS AS WELL AS A GIFT SHOP OFFERING MISSION RELATED AND NON-RELATED MERCHANDISE. THE ASSOCIATION'S ACTIVITES ALSO INCLUDE THE COSTS NECESSARY TO CONDUCT VISITOR ADMISSION OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Daly President | Officer | 45 | $185,000 |
Laura Fortsch Development Director | 45 | $114,565 | |
Paula Ruffin Vice Chair | OfficerTrustee | 5 | $0 |
Katie Lasker Chair | OfficerTrustee | 15 | $0 |
Ginger Collier Treasurer | OfficerTrustee | 5 | $0 |
Laura Gillette Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Endowment Management Investment Management | 6/29/21 | $170,351 |
Russell Reynolds Associates Inc Executive Recruitment | 6/29/21 | $109,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $947,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,764,848 |
| Noncash contributions included in lines 1a–1f | $90,135 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,711,939 |
| Total Program Service Revenue | $462,634 |
| Investment income | $18,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,167 |
| Net Gain/Loss on Asset Sales | $112,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $70,895 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,400,673 |
| 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. | $179,118 |
| Compensation of current officers, directors, key employees. | $71,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,245,721 |
| Pension plan accruals and contributions | $17,374 |
| Other employee benefits | $130,137 |
| Payroll taxes | $105,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,408 |
| Fees for services: Accounting | $67,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $209,869 |
| Fees for services: Other | $323,341 |
| Advertising and promotion | $0 |
| Office expenses | $101,479 |
| Information technology | $77,231 |
| Royalties | $0 |
| Occupancy | $116,397 |
| Travel | $16,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,476 |
| Insurance | $136,929 |
| All other expenses | $0 |
| Total functional expenses | $3,963,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,872,824 |
| Savings and temporary cash investments | $391,507 |
| Pledges and grants receivable | $10,250 |
| Accounts receivable, net | $45,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,554 |
| Prepaid expenses and deferred charges | $15,597 |
| Net Land, buildings, and equipment | $3,394,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,419,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,259,657 |
| Total assets | $32,464,208 |
| Accounts payable and accrued expenses | $192,539 |
| 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 | $192,539 |
| Net assets without donor restrictions | $6,664,693 |
| Net assets with donor restrictions | $25,606,976 |
| 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 | $32,464,208 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Robert E Lee Memorial Association has recieved totaling $553,020.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $200,000 |
Anne M Cabaniss Charitable Trust Las Vegas, NV PURPOSE: TO FUND CHARITABLE ACTIVITIES. | $145,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $37,200 |
Comegys Bight Charitable Foundation Wickenburg, AZ PURPOSE: SUPPORT | $25,000 |
Mary Jane Hipp Brock Fam Foundation Mary Jane Hipp Brock Ttee New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $22,300 |
Endowment Analysis
| Beg. Balance | $28,823,587 |
| Earnings | -$2,393,034 |
| Admin Expense | $209,869 |
| Net Contributions | $429,619 |
| Other Expense | $1,170,265 |
| Ending Balance | $25,480,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |