The 116th Infantry Regiment Foundation Inc
- Assets
- $163.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Staunton, VA
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 54-1698197
Organization Overview
The 116th Infantry Regiment Foundation Inc is located in Staunton, VA. The organization was established in 2010. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 116th Infantry Regiment Foundation 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 12/2021, 116th Infantry Regiment Foundation Inc generated $131.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $115.5k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 Mission:
Part 3 - Line 1
THE MISSION OF THE 116TH INFANTRY REGIMENT FOUNDATION, INC. IS TO:1-PROVIDE MUSEUMS AND ARCHIVES FOR EXHIBITS AND ARTIFACTS OF HISTORIC SIGNIFICANCE FROM THE 116TH INFANTRY REGIMENT AND AREA CITIZEN SOLDIERS. 2- CONDUCT EDUCATION PROGRAMS FOR STUDENTS AND ADULTS.3- SUPPORT OUTREACH FOR VETERANS, MEMBERS OF THE REGIMENT, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION OPERATES A FREE ADMISSION, OPEN TO THE PUBLIC HISTORY MUSEUM WITH EDUCATIONAL PROGRAMMING AND EVENTS, HOSTS CIVIC GROUP MEETINGS AND OFFER TRAVELING LECTURE SERIES FOR ANY WHO ASK. COLLECT AND PRESERVE RELATED ARTIFACTS AND DOCUMENTS. OVER 2000 STUDENTS AND ADULTS WERE SERVED BY THESE PROGRAMS.
THE FOUNDATION LEADS HISTORY EDUCATION TOURS FOR STUDENTS AND ADULTS, OFFERS INTERNSHIPS FOR COLLEGE STUDENTS AND COMMUNITY SERVICE HOURS FOR SCOUTS, PROVIDES EDUCATORS AND SCHOOLS WITH TEACHING RESOURCES AND PROGRAMMING. TOURS OFFERED NATIONALLY, EDUCATION SUPPORT REGIONALLY.
THE FOUNDATION OFFERS VETERANS PROGRAMS THAT PROVIDE AN ANNUAL REUNION FOR CURRENT, FORMER MEMBERS AND FAMILIES, A COMMUNITY 5K RACE AND HOST A LOCAL POST OF A NATIONAL VETERANS ORGANIZATION. WE SUPPORT UNIT HISTORY/HERITAGE PROGRAMS FOR NEW MEMBERS, ALUMNI AND OTHER VETERANS GROUPS. AVAILABLE TO OVER 10,000 MEMBERS, VETERANS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmund Davidson Director | 1 | $0 | |
Robert W Huffman Director | 1 | $0 | |
John Simmons Director | 2 | $0 | |
Wayne L Brown II Director | 1 | $0 | |
Joel P Jenkins Jr Director | 1 | $0 | |
Linda Parslow Asst. Treasurer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,532 |
| Total Program Service Revenue | $17,979 |
| Membership dues | $0 |
| Investment income | $1,401 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,690 |
| Other Revenue | $0 |
| Total Revenue | $131,576 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,800 |
| Professional fees and other payments to independent contractors | $2,098 |
| Occupancy, rent, utilities, and maintenance | $30,838 |
| Printing, publications, postage, and shipping | $35 |
| Other expenses | $33,687 |
| Total expenses | $115,458 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,407 |
| Other assets | $0 |
| Total assets | $163,540 |
| Total liabilities | $6,887 |
| Net assets or fund balances | $156,653 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The 116th Infantry Regiment Foundation Inc has recieved totaling $30,323.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Central Blue Ridge Staunton, VA PURPOSE: GENERAL SUPPORT | $30,293 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |