The Kinsale Foundation
- Assets
- $499.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kinsale, VA
- Founding
- 10/1982
- Data as of
- 07/2023
- EIN
- 51-0217683
Organization Overview
The Kinsale Foundation is located in Kinsale, VA. The organization was established in 1982. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Kinsale 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 07/2023, Kinsale Foundation generated $37.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $44.5k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE KINSALE FOUNDATION HOLDS TWO FUNDRAISING SILENT AUCTIONS PER YEAR: KINSALE DAY ON THE FOUNDATION'S ANNIVERSARY AND CHRISTMAS IN KINSALE IN DECEMBER. ITEMS FOR THESE TWO SILENT AUCTIONS ARE DONATED FROM MEMBERS OF THE COMMUNITY AND INCLUDE FURNITURE, HOUSEHOLD GOODS AND HANDMADE ITEMS, AND DONATED BAKED GOODS. FOR CHRISTMAS IN KINSALE, A SIGNIFICANT AMOUNT OF REVENUE COMES FROM THE SALE OF HUNDREDS OF DOZENS OF COOKIES WHICH ARE BAKED BY THE COMMUNITY AND DONATED FOR THE FOUNDATION'S COOKIE SALE. WHEN THE FUNDS ARE COLLECTED FROM THE SILENT AUCTIONS AND COOKIE SALES, THE PROCEEDS ARE DIVIDED EQUALLY AMONG THE DESIGNATED LOCAL CHARITIES. PROGRAM SERVICE EXPENSES ARE PRINTING AND MAILING COSTS TO ADVERTISE THE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Norris Museum Director | 20 | $15,140 | |
Bruce Miller Board Vice Chairman Of Special Projects | 1 | $0 | |
Lois Spencer Board Chairman | 1 | $0 | |
Vikki Ravinskas Treasurer | 5 | $0 | |
Walter Norris Secretary And Director | 1 | $0 | |
Tommy Lewis Fundraising Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,900 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,190 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,947 |
| Other Revenue | $0 |
| Total Revenue | $36,991 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,140 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $9,577 |
| Printing, publications, postage, and shipping | $2,293 |
| Other expenses | $17,452 |
| Total expenses | $44,462 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $218,147 |
| Other assets | $0 |
| Total assets | $499,512 |
| Total liabilities | $0 |
| Net assets or fund balances | $499,512 |