Culpeper Renaissance Inc
- Assets
- $301.7k
- Revenue
- $247.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Culpeper, VA
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 54-1460872
Organization Overview
Culpeper Renaissance Inc is located in Culpeper, VA. The organization was established in 1989. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Culpeper Renaissance 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 06/2022, Culpeper Renaissance Inc generated $247.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $237.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Culpeper Renaissance Inc has awarded 54 individual grants totaling $121,027. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC RESTRUCTURING OF DOWNTOWN CULPEPER, VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC RESTRUCTURING OF DOWNTOWN CULPEPER, VIRGINIA THROUGH MARKET RESEARCH, BUSINESS ASSISTANCE, BUSINESS RECRUITMENT AND COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Hoffherr President | Officer | 2 | $0 |
Tish Smyth Advisor | Officer | 2 | $0 |
Jenn Hoehna President Elect | Officer | 1 | $0 |
Lt Ashley Banks Secretary | Officer | 1 | $0 |
Nikii Davis Treasurer | Officer | 2 | $0 |
Sanford Reaves Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,246 |
| Noncash contributions included in lines 1a–1f | $6,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,796 |
| Total Program Service Revenue | $13,368 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,259 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,650 |
| 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 | $123,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,700 |
| Payroll taxes | $9,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,348 |
| Office expenses | $6,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,299 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20 |
| Insurance | $2,567 |
| All other expenses | $10,080 |
| Total functional expenses | $237,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,516 |
| Savings and temporary cash investments | $81,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $870 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,374 |
| Total assets | $301,744 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $301,744 |
| Total liabilities and net assets/fund balances | $301,744 |
Grants Awarded
Over the last fiscal year, Culpeper Renaissance Inc has awarded $36,277 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
SERIOUSLY SWEET ON DAVIS STREET PURPOSE: ASSISTANCE FOR LOSS OF BUSINESS DURING COVID-19 | $5,760 |
VINOSITY PURPOSE: ASSISTANCE FOR LOSS OF BUSINESS DURING COVID-19 | $4,707 |
GREEN ROAST PURPOSE: ASSISTANCE FOR LOSS OF BUSINESS DURING COVID-19 | $3,704 |
KASH IMPRINTS PURPOSE: ASSISTANCE FOR LOSS OF BUSINESS DURING COVID-19 | $3,550 |
PIEDMONT STREAKHOUSE PURPOSE: ASSISTANCE FOR LOSS OF BUSINESS DURING COVID-19 | $2,647 |
GRILL 309 PURPOSE: ASSISTANCE FOR LOSS OF BUSINESS DURING COVID-19 | $1,845 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Culpeper Renaissance Inc has recieved totaling $17,638.
| Awarding Organization | Amount |
|---|---|
Northern Piedmont Community Foundation Warrenton, VA PURPOSE: GENERAL SUPPORT | $12,000 |
Culpeper Wellness Foundation Culpeper, VA PURPOSE: CULPEPER DOWNTOWN FARMERS MARKET | $5,585 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Self Help Ventures Fund Durham, NC | $1,059,061,327 | $60,531,771 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Prosperity Now Washington, DC | $29,090,376 | $24,644,874 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |