Agecroft Association
- Assets
- $24.5m
- Revenue
- $3.2m
- Investments
- $17.5m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 54-0805729
Organization Overview
Agecroft Association is located in Richmond, VA. The organization was established in 1968. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agecroft Association 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, Agecroft Association generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OPERATES AND MAINTAINS AGECROFT HALL, A 16TH CENTURY ENGLISH MANOR HOUSE WHICH IS OPEN TO THE PUBLIC. AGECROFT HALL HAD APPROXIMATELY 13,991 TOTAL VISITORS IN 2021, OF WHICH 8,348 TOURED THE HOUSE AND GARDENS. ATTENDANCE REBOUNDED SIGNIFICANTLY IN 2021 FROM THE LOWS OF 2020 AS PANDEMIC RESTRICTIONS EASED.
THE ASSOCIATION SPONSORS EDUCATIONAL LECTURES, PERFORMING ARTS PERFORMANCES AND OTHER EVENTS RELATING TO ITS EXEMPT PURPOSE. IN 2021, AGECROFT SPONSORED PROGRAMS WHICH WERE ATTENDED BY APPROXIMATELY 5,643 PEOPLE. AGECROFT REACHED AN ADDITIONAL 454 PEOPLE THROUGH ITS OFFSITE OUTREACH EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Kenny-Urban Executive Director | 40 | $98,011 | |
Laura Purvis Marketing & Dev Mana | 40 | $50,950 | |
Joseph Day Head Of Horticulture | 40 | $48,358 | |
Emily Jones Business Manager | 40 | $46,027 | |
Jill Pesesky Curator Of Education | 40 | $43,470 | |
C Lunsford Johnson Vice President/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $904,743 |
| Interest on Savings | $0 |
| Dividends & Interest | $283,582 |
| Net Rental Income | $12,847 |
| Net Gain on Sale of Assets | $1,855,906 |
| Capital Gain Net Income | $1,855,906 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $14,482 |
| Other Income | $163,734 |
| Total Revenue | $3,235,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,011 |
| Other employee salaries and wages | $598,669 |
| Pension plans, employee benefits | $137,043 |
| Interest | $0 |
| Taxes | $40,177 |
| Depreciation | $68,308 |
| Occupancy | $46,749 |
| Travel, conferences, and meetings | $2,580 |
| Printing and publications | $0 |
| Other expenses | $308,078 |
| Total operating and administrative expenses | $1,408,293 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,408,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,860 |
| Savings and temporary cash investments | $686,990 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $26,435 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,360,929 |
| Net Land, buildings, and equipment | $5,624,753 |
| Other assets | $199,411 |
| Total assets | $24,452,362 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Agecroft Association has recieved totaling $52,000.
| Awarding Organization | Amount |
|---|---|
The Pauley Family Foundation Richmond, VA PURPOSE: ANNUAL SUPPORT | $50,000 |
Weathertop Foundation Richmond, VA PURPOSE: GENERAL SUPPORT | $1,000 |
Fatherree Foundation Henrico, VA PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Dn Leadership Inc Louisville, KY | $2,441,151 | $7,192,611 |
International Center On Nonviolent Conflict Washington, DC | $264,158 | $1,729,105 |
International Lifeline Fund Washington, DC | $430,867 | $1,125,070 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |