Historic Smithfield
- Assets
- $307.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Smithfield, VA
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 54-1478055
Organization Overview
Historic Smithfield is located in Smithfield, VA. The organization was established in 1989. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Smithfield 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 12/2021, Historic Smithfield generated $46.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $21.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FUNDS FOR MAINTENANCE AND RESTORATION FORHISTORICAL LANDMARKS. ALSO TO PROVIDE GRANTS AND SUPPORTFOR BUSINESSES LOCATED IN HISTORIC DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Begland Director | 1 | $0 | |
Mark Hall Vice President | 1 | $0 | |
Trey Gwaltney Treasurer | 3 | $0 | |
Lynn Briggs Director | 1 | $0 | |
Caroline Hurt Director | 1 | $0 | |
Jason Camper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,851 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,000 |
| Investment income | $5,433 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,102 |
| Other Revenue | $5,250 |
| Total Revenue | $46,636 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,407 |
| Professional fees and other payments to independent contractors | $2,600 |
| Occupancy, rent, utilities, and maintenance | $3,094 |
| Printing, publications, postage, and shipping | $231 |
| Other expenses | $11,745 |
| Total expenses | $21,077 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,964 |
| Other assets | $0 |
| Total assets | $307,851 |
| Total liabilities | $0 |
| Net assets or fund balances | $307,851 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Historic Smithfield has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Howard W And Katherine L Gwaltney Foundation Smithfield, VA PURPOSE: GENERAL PROGRAM SUPPORT | $4,000 |
Howard W And Katherine L Gwaltney Foundation Smithfield, VA PURPOSE: GENERAL PROGRAM SUPPORT | $4,000 |
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