Oatlands Inc
- Assets
- $597.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Leesburg, VA
- Founding
- 06/1980
- Data as of
- 03/2023
- EIN
- 54-1118635
Organization Overview
Oatlands Inc is located in Leesburg, VA. The organization was established in 1980. 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 03/2023, Oatlands Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oatlands 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 03/2023, Oatlands Inc generated $1.1m 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 (3.3%) each year. All expenses for the organization totaled $1.2m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REVEALING, UNDERSTANDING & PRESERVING THE HUMAN, ARCHITECTURAL & NATURAL HISTORY OF OATLANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OATLANDS HISTORY IS AMERICAN HISTORY. BETWEEN 1727 AND 1964, THE PROPERTY WAS RESIDENCE TO A SUCCESSION OF TENANT FARMERS, INFLUENTIAL FAMILIES, SERVANTS, AND WORKERS, INCLUDING OVER 150 PEOPLE WHO WERE ENSLAVED. WE CONTRINUED OUR RESEARCH TO RECLAIM THE CONTRASTING, YET INSEPARABLE, HISTORIES OF THE PROPERTYS RESIDENTS. THE MANOR HOUSE, FORMAL GARDENS, DEPENDENCIES AND OUTBUILDINGS OF ONE OF AMERICA'S MOST ELABORABLE FEDERAL- ERA COUNTY ESTATES PROVIDD VISUAL CONTEXT FOR THE FORMER RESIDENTS' STORIES. OUR RECLAIM YOUR STORY PROGRAM IS DESIGNED TO GROW OUR UNDERSTANDING OF PEOPLE WHO WERE ENSLAVED AT OATLANDS AND OTHER CARTER AND OTHER CARTER AND GRAYSON FAMILY PROPERTIES AND TO OFFER THAT KNOWLEDGE TO DESCENDANTS, HISTORIANS AND OTHER (CONTINUED ON SCH.O)
OATLANDS' AMPLE SPACE AND QUIET PLACES OF SOLITUDE PROVIDE A SANCTUARY THAT ENABLES EACH VISITOR TO CONDUCT THEIR OWN, PERSONAL EXPLORATION OF HISTORY AND THE OUTDOORS. AN EVER CHANGING TAPESTRY OF SIGHTS, SOUNDS AND FRAGRANCES IN THE MEADOWS, WOODLANDS AND GARDENS ALSO PROVIDE A RICH AND VARIED OUTDOOR EXPERIENCE YEAR-ROUND. THE OPPORTUNITY TO OATLANDS CONTINUED ITS SUBSTANTIAL INVESTMENT IN PRESERVING THE ENABLE THE PUBLIC TO ENJOY OPEN SPACE, BEAUTIFUL SETTINGS AND NATURE WERE ESPECIALLY IMPORTANT DURING THE PANDEMIC. -WE OFFICIALLY OPENED SEVEN MILES OF PUBLICLY AVAILABLE WALKING, RUNNING, BIKING AND EQUESTRIAN TRAILS AS WELL AS AREAS WHERE FAMILIES COULD PICNIC. -WE OPENED OATLANDS TO THE PUBLIC YEAR-ROUND FOR THE FIRST TIME RATHER THAN CLOSING FOR THREE MONTHS DURING THE WINTER.
OATLANDS CONTINUED ITS SUBSTANTIAL INVESTMENT IN PRESERVING THE BUILDINGS AND GROUNDS OF THE PROPERTY, INCLUDING OUR 100 TO 250 YEAR OLD SPECIMEN TREES. FOR THE FIRST TIME IN MANY YEARS, ARBORISTS CATALOGED, SURVEYED THE HEALTH OF AND CARED FOR TREES. CONTINUING IMPROVEMENTS WERE ALSO MADE TO THE MANSION, INCLUDING ITS RESTORING ITS WINDOWS WHICH HAD BEEN NAILED AND PAINTED SHUT. REOPENING THE WINDOWS IMPROVED AIRFLOW, HELPING TO PRESERVE THE STRUCTURAL INTEGRITY OF THE MANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Allen Chair | OfficerTrustee | 1 | $0 |
Elizabeth Coppersmith Secretary | OfficerTrustee | 1 | $0 |
Renee Hamilton Director | Trustee | 1 | $0 |
David Jones Director | Trustee | 1 | $0 |
Pamela Jones Director | Trustee | 1 | $0 |
Rory Maynard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,053 |
| Noncash contributions included in lines 1a–1f | $1,774 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $646,688 |
| Total Program Service Revenue | $252,496 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $208,582 |
| 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 | $1,367 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,110,600 |
| 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. | $192,663 |
| Compensation of current officers, directors, key employees. | $57,799 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,976 |
| Payroll taxes | $18,915 |
| Fees for services: Management | $78,960 |
| Fees for services: Legal | $57,884 |
| Fees for services: Accounting | $115,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,851 |
| Advertising and promotion | $11,393 |
| Office expenses | $423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $104 |
| 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 | $18,174 |
| Insurance | $50,763 |
| All other expenses | $82,499 |
| Total functional expenses | $1,236,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,970 |
| Savings and temporary cash investments | $298,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,712 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $121,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,508 |
| Total assets | $597,482 |
| Accounts payable and accrued expenses | $69,750 |
| Grants payable | $0 |
| Deferred revenue | $55,357 |
| 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 | $5,103 |
| Total liabilities | $130,210 |
| Net assets without donor restrictions | $150,623 |
| Net assets with donor restrictions | $316,649 |
| 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 | $597,482 |