Fort Monroe Foundation
- Assets
- $253.9k
- Revenue
- $154.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Monroe, VA
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 27-4974146
Organization Overview
Fort Monroe Foundation is located in Fort Monroe, VA. The organization was established in 2011. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Monroe Foundation 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, Fort Monroe Foundation generated $154.7k 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 $303.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AWARENESS, AUDIENCE AND FINANCIAL SUPPORT FOR THE RESOURCES OF FORT MONROE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED A TOTAL OF $127,658 DURING FISCAL YEAR 2022, INCLUDING DONATIONS TO RESTRICTED FUNDS AND THE ANNUAL FUND. THE FOUNDATION RECEIVED A NEW THREE-YEAR PLEDGE OF $15,000 TO SUPPORT UPGRADES TO THE ARCHAEOLOGY LAB, AS WELL AS A $20,000 GRANT RENEWAL FROM THE 400 YEARS OF AFRICAN AMERICAN HISTORY COMMISSION. IN ADDITION, THE FOUNDATION TRANSFERRED OVER $200,000 TO SUPPORT PROGRAMS AT FORT MONROE INCLUDING THE VISITOR AND EDUCATION CENTER, FLAGS OVER THE FORT, AND BATTERY SIGNAGE. THE FOUNDATION ALSO CONTINUED TO SUPPORT NATIONAL CENTER FOR FREEDOM EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Jimmy Gray President | OfficerTrustee | 10 | $0 |
Jack L Ezzell Jr Vice President | OfficerTrustee | 2 | $0 |
Thomas J Cosgrove Treasurer | OfficerTrustee | 5 | $0 |
Col Robert E Seger Secretary | OfficerTrustee | 2 | $0 |
Rona Altschuler Director | Trustee | 1 | $0 |
Edward L Ayers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,658 |
| Total Program Service Revenue | $0 |
| Investment income | $1,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,668 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,596 |
| Advertising and promotion | $5,250 |
| Office expenses | $4,989 |
| Information technology | $5,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $363 |
| 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 | $0 |
| Insurance | $929 |
| All other expenses | $35 |
| Total functional expenses | $303,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,923 |
| Savings and temporary cash investments | $229,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $253,906 |
| 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 | $253,906 |
| Total liabilities and net assets/fund balances | $253,906 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fort Monroe Foundation has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: CAPITAL CAMPAIGN | $25,000 |
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 |