Agecroft Association
- Assets
- $22.9m
- Revenue
- $1.5m
- Investments
- $16.1m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1968
- Data as of
- 12/2023
- EIN
- 54-0805729
Organization Overview
Agecroft Association is located in Richmond, VA. The organization was established in 1968. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Agecroft Association 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 12/2023, Agecroft Association generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OPERATES AND MAINTAINS AGECROFT HALL, A 16TH CENTURY ENGLISH MANOR HOUSE WHICH IS OPEN TO THE PUBLIC. IN 2023, AGECROFT HAD 19,269 VISITORS OF WHICH 12,538 TOURED THE HOUSE AND/OR GARDENS.
THE ASSOCIATION SPONSORS EDUCATIONAL LECTURES, PERFORMING ARTS PERFORMANCES AND OTHER EVENTS RELATING TO ITS EXEMPT PURPOSE. IN 2023, AGECROFT SPONSORED EDUCATIONAL PROGRAMS ATTENDED BY 6,731 PEOPLE AND REACHED AN ADDITIONAL 1,388 PEOPLE THROUGH ITS OFFSITE OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Kenny-Urban Executive Director | 40 | $100,667 | |
Joseph D Thornton President | 1 | $0 | |
Karen Konvicka Past President | 1 | $0 | |
C Lunsford Johnson Vice President/treasurer | 1 | $0 | |
Andrea Fisher Erda Director | 1 | $0 | |
Katherine Martin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $949,878 |
| Interest on Savings | $0 |
| Dividends & Interest | $372,209 |
| Net Rental Income | $12,228 |
| Net Gain on Sale of Assets | -$58,691 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $10,330 |
| Other Income | $223,819 |
| Total Revenue | $1,509,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,667 |
| Other employee salaries and wages | $719,485 |
| Pension plans, employee benefits | $158,315 |
| Interest | $0 |
| Taxes | $44,775 |
| Depreciation | $74,897 |
| Occupancy | $66,818 |
| Travel, conferences, and meetings | $10,760 |
| Printing and publications | $0 |
| Other expenses | $471,088 |
| Total operating and administrative expenses | $1,832,099 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,832,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,658 |
| Savings and temporary cash investments | $600,481 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $19,573 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,946,945 |
| Net Land, buildings, and equipment | $5,540,986 |
| Other assets | $227,343 |
| Total assets | $22,900,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |