Belle Grove Inc
- Assets
- $3.5m
- Revenue
- $576.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Middletown, VA
- Founding
- 04/1979
- Data as of
- 12/2022
- EIN
- 54-1047175
Organization Overview
Belle Grove Inc is located in Middletown, VA. The organization was established in 1979. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Belle Grove Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belle Grove Inc 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 12/2022, Belle Grove Inc generated $576.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $565.8k during the year ending 12/2022. 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 MAINTAIN HISTORIC PROPERTY OF BELLE GROVE INC FOR THE EDUCATIONAL USE OF THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE THE PUBLIC THROUGH TOURS AND PROGRAMS SPONSORED BY BELLE GROVE INC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Laise Executive Director | Officer | 40 | $80,524 |
James Coates Director | Trustee | 1 | $0 |
Michael Perry Director | Trustee | 1 | $0 |
Matthew Shaffer Director | Trustee | 1 | $0 |
Sally Megeath Director | Trustee | 1 | $0 |
Christa Nahhas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,105 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,157 |
| Total Program Service Revenue | $97,194 |
| Investment income | $0 |
| 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 | $576,318 |
| 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 | $238,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,946 |
| Payroll taxes | $18,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,118 |
| Office expenses | $2,215 |
| Information technology | $9,232 |
| Royalties | $0 |
| Occupancy | $110,303 |
| Travel | $1,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,502 |
| Insurance | $17,938 |
| All other expenses | $11,368 |
| Total functional expenses | $565,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,351 |
| Savings and temporary cash investments | $816,296 |
| 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 | $33,274 |
| Prepaid expenses and deferred charges | $1,860 |
| Net Land, buildings, and equipment | $1,504,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $712,100 |
| Intangible assets | $0 |
| Other assets | $344,388 |
| Total assets | $3,455,833 |
| Accounts payable and accrued expenses | $71,005 |
| 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 | $71,005 |
| Net assets without donor restrictions | $2,621,294 |
| Net assets with donor restrictions | $763,534 |
| 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 | $3,455,833 |