Robert E Lee Memorial Association
- Assets
- $32.5m
- Revenue
- $3.4m
- Investments
- $25.4m
- Employees
- 52
- Location
- Stratford, VA
- Founding
- 03/1933
- Data as of
- 06/2022
- EIN
- 54-0536105
Organization Overview
Robert E Lee Memorial Association, operating under the name Stratford Hall, is located in Stratford, VA. The organization was established in 1933. 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 06/2023, Stratford Hall employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratford Hall 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, Stratford Hall generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $4.0m 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 GIVE VOICE TO STRATFORD HALL'S PEOPLE, PLACES, AND PAST TO ENGAGE, EDUCATE, AND INSPIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION PROGRAMS ARE FOCUSED ON ENGAGING THE BROADEST POSSIBLE AUDIENCE IN THE HISTORY OF STRATFORD HALL, ITS BUILDINGS, LANDSCAPE AND THE PEOPLE WHO LIVED HERE. THIS IS ACCOMPLISHED BY DEVELOPING ON AND OFF-SITE PROGRAMS, FACILITATING ACCESS AND UTILIZATION OF OUR COLLECTIONS, AND ENCOURAGING SCHOLARLY RESEARCH.
THE PRESERVATION INITIATIVES UNDERTAKEN ARE TO ASSURE THAT STRATFORD HALL'S IRREPLACEABLE HISTORIC BUILDINGS AND LANDSCAPE ARE PRESERVED IN PERPETUITY AND EQUIPPED TO MEET ON-GOING INSTITUTIONAL NEEDS.
THE ASSOCIATION'S RETAIL OPERATIONS SUPPORT THE ASSOCIATION'S TAX EXEMPT PURPOSES BY PROVIDING LODGING AND EVENT FACILITIES AND SERVICES FOR USE BY THE BOARD OF DIRECTORS, VISITORS, AND EDUCATIONAL PROGRAM PARTICIPANTS AS WELL AS A GIFT SHOP OFFERING MISSION RELATED AND NON-RELATED MERCHANDISE. THE ASSOCIATION'S ACTIVITES ALSO INCLUDE THE COSTS NECESSARY TO CONDUCT VISITOR ADMISSION OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Lasker Chair | OfficerTrustee | 15 | $0 |
Elaine Deming Director | Trustee | 5 | $0 |
Laura Gillette Director | Trustee | 5 | $0 |
Ginger Collier Treasurer | OfficerTrustee | 5 | $0 |
Mary Jane Brock Director | Trustee | 5 | $0 |
Michelle Brookshire Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Endowment Management Investment Management | 6/29/23 | $195,604 |
Warren Whitney Accounting/consulting | 6/29/23 | $175,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,711,939 |
| Investment income | $18,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,167 |
| Net Gain/Loss on Asset Sales | $112,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $70,895 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,400,673 |
| Statement of Expenses | |
|---|---|
| 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. | $179,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,245,721 |
| Pension plan accruals and contributions | $17,374 |
| Other employee benefits | $130,137 |
| Payroll taxes | $105,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,408 |
| Fees for services: Accounting | $67,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $209,869 |
| Fees for services: Other | $323,341 |
| Advertising and promotion | $0 |
| Office expenses | $101,479 |
| Information technology | $77,231 |
| Royalties | $0 |
| Occupancy | $116,397 |
| Travel | $16,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,476 |
| Insurance | $136,929 |
| All other expenses | $0 |
| Total functional expenses | $3,963,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,872,824 |
| Savings and temporary cash investments | $391,507 |
| Pledges and grants receivable | $10,250 |
| Accounts receivable, net | $45,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,554 |
| Prepaid expenses and deferred charges | $15,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,419,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,259,657 |
| Total assets | $32,464,208 |
| Accounts payable and accrued expenses | $192,539 |
| 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 | $192,539 |
| Net assets without donor restrictions | $6,664,693 |
| Net assets with donor restrictions | $25,606,976 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $32,271,669 |