Hulls Angels Inc
- Assets
- $1.0m
- Revenue
- $639.0k
- Investments
- $0.0
- Employees
- 17
- Location
- Lexington, VA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 54-1982338
Organization Overview
Hulls Angels Inc is located in Lexington, VA. The organization was established in 2000. 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 12/2021, Hulls Angels Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hulls Angels 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 12/2021, Hulls Angels Inc generated $639.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $316.9k during the year ending 12/2021. While expenses have increased by 2.5% 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
TO PRESERVE THE DRIVE-IN THEATER IN LEXINGTON, VIRGINIA AND PROVIDE AFFORDABLE FAMILY ENTERTAINMENT IN A HISTORICAL DRIVE-IN THEATER FOR A SMALL, RURAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW-COST FAMILY ENTERTAINMENT AT A DRIVE-IN THEATER LOCATED IN ROCKBRIDGE COUNTY, VIRGINIA ON FRIDAY, SATURDAY, SUNDAY AND OCCASIONAL WEEK NIGHTS IN THE SPRING, SUMMER AND FALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Summers Executive Director | OfficerTrustee | 40 | $32,132 |
Kevan Kavanaugh Chairman | OfficerTrustee | 1 | $0 |
Kyle Mccoil Secretary | OfficerTrustee | 1 | $0 |
Liz Schmidt Vice Chair | OfficerTrustee | 1 | $0 |
Matt Paxton Treasurer | OfficerTrustee | 1 | $0 |
Sue Rubenstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,310 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $406,131 |
| Noncash contributions included in lines 1a–1f | $117,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,441 |
| Total Program Service Revenue | $131,086 |
| Investment income | $2,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,748 |
| 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 | $68,878 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $638,952 |
| 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. | $32,132 |
| Compensation of current officers, directors, key employees. | $12,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,041 |
| Advertising and promotion | $9,679 |
| Office expenses | $2,669 |
| Information technology | $50 |
| Royalties | $0 |
| Occupancy | $19,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,946 |
| Insurance | $7,781 |
| All other expenses | $101 |
| Total functional expenses | $316,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,072 |
| Savings and temporary cash investments | $99,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,316 |
| Prepaid expenses and deferred charges | $3,126 |
| Net Land, buildings, and equipment | $814,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,000 |
| Other assets | $0 |
| Total assets | $1,008,105 |
| Accounts payable and accrued expenses | $97,068 |
| 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 | $97,068 |
| Net assets without donor restrictions | $911,037 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,008,105 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hulls Angels Inc has recieved totaling $71,804.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $50,120 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $12,884 |
Community Foundation For Rockbridge Bath And Alleghany Lexington, VA | | $8,500 |
Cedars Foundations Inc Waterford, VA PURPOSE: GENERAL USE. | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Trust For Historic Preservation In The United States Washington, DC | $455,813,133 | $75,204,166 |
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
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 |