Spencer Penn School Preservation Organization
- Assets
- $1.2m
- Revenue
- $237.5k
- Investments
- $0.0
- Employees
- 47
- Location
- Spencer, VA
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 27-0108974
Organization Overview
Spencer Penn School Preservation Organization is located in Spencer, VA. The organization was established in 2005. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Spencer Penn School Preservation Organization employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spencer Penn School Preservation Organization 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, Spencer Penn School Preservation Organization generated $237.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $226.0k during the year ending 12/2021. While expenses have increased by 6.5% 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
THE PRIMARY OBJECTIVE OF THE ORGANIZATION IS TO PRESERVE THE STRUCTURE, FACILITIES, ARTIFACTS AND HISTORICAL FACTS OF THE SPENCER-PENN SCHOOL IN ORDER TO PROVIDE A
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY OBJECTIVE OF THE ORGANIZATION IS TO PRESERVE THE STRUCTURE, FACILITIES, ARTIFACTS AND HISTORICAL FACTS OF THE SPENCER-PENN SCHOOL IN ORDER TO PROVIDE A COMMUNITY CENTER TO SERVE THE CITIZENS IN THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sabin Executive Director | Officer | 40 | $37,268 |
Sidney Mcclure President | OfficerTrustee | 3 | $0 |
Robert A Pratt Treasurer | OfficerTrustee | 3 | $0 |
Anna Moore Secretary | OfficerTrustee | 3 | $0 |
Gloria Johnson Director | Trustee | 3 | $0 |
Wayne Kirkpatrick Past President | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,433 |
| Total Program Service Revenue | $7,967 |
| Investment income | $332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,795 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,501 |
| 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. | $37,268 |
| Compensation of current officers, directors, key employees. | $9,317 |
| Compensation to disqualified persons | $76,742 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,928 |
| Office expenses | $7,161 |
| Information technology | $3,780 |
| Royalties | $0 |
| Occupancy | $30,403 |
| 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 | $35,742 |
| Insurance | $11,119 |
| All other expenses | $0 |
| Total functional expenses | $225,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,949 |
| Savings and temporary cash investments | $490,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,476 |
| 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 | $622,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,156,382 |
| Accounts payable and accrued expenses | $4,490 |
| Grants payable | $0 |
| Deferred revenue | $205,371 |
| 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 | $209,861 |
| Net assets without donor restrictions | $808,408 |
| Net assets with donor restrictions | $138,113 |
| 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 | $1,156,382 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spencer Penn School Preservation Organization has recieved totaling $91.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
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