Menokin Foundation
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Warsaw, VA
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 54-1735338
Organization Overview
Menokin Foundation is located in Warsaw, VA. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Menokin Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menokin Foundation 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, Menokin Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $609.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MENOKIN FOUNDATION IS TO USE THE HISTORIC RUIN AND THE SURROUNDING BUILT AND NATURAL ENVIRONMENTS TO TRANSCEND THE TRADITIONAL HOUSE MUSEUM EXPERIENCE. WE USE CONTEMPORARY METHODS TO CREATE OPPORTUNITIES FOR THE PUBLIC TO CONTEMPLATE AND EXPLORE THE BUILDING OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PROGRAMS OVERVIEW: IN 2021, THE PANDEMIC CONTINUED SOME REDUCTION OF ON SITE ORGANIZED PUBLIC PROGRAMMING, THOUGH THE OPEN GROUNDS OF MENOKIN ALLOWED FOR PANDEMIC RELIEF IN A SAFE ENVIRONMENT. MENOKIN CONTINUED TO PROVIDE PUBLIC PROGRAMMING OVER THEIR INCREASINGLY POPULAR DIGITAL CHANNELS. SEVERAL THOUSAND UNIQUE VISITORS VISITED MENOKIN'S SOCIAL MEDIA WEBSITES, BLOGS, VIDEOS, AND DIGITAL LECTURES AND DISCUSSIONS. VISITORS INCLUDING STUDENTS, SCHOLARS, LIFE-LONG LEARNERS, LOCAL GEOGRAPHIC AND DESCENDENT COMMUNITIES.
CONSTRUCTION AND PRESERVATION: MENOKIN CONTINUED CONSTRUCTION TO STABILIZE THE SOUTH AND WEST WALLS OF THE MENOKIN RUIN. MENOKIN CONTINUES TO PURSUE FUNDRAISING ACTIVITIES TO PROVIDE THE NECESSARY FUNDS FOR FUTURE CONSTRUCTION AND PRESERVATION INITATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel A Mckelvey Executive Director | Officer | 40 | $58,928 |
Benjamin Ogle Tayloe Jr President | OfficerTrustee | 1 | $0 |
James Dw Zehmer Secretary | OfficerTrustee | 1 | $0 |
Thomas A Duckenfield III Trustee | Trustee | 1 | $0 |
Tobey Taliaferro Trustee | Trustee | 1 | $0 |
Reggie Pearman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Inc Construction/restoration | 12/30/20 | $900,242 |
Machado Silvetti Architecture/design | 12/30/20 | $133,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,055 |
| All other contributions, gifts, grants, and similar amounts not included above | $875,440 |
| Noncash contributions included in lines 1a–1f | $6,359 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,495 |
| Total Program Service Revenue | $25,153 |
| Investment income | $19,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,178,988 |
| 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. | $85,164 |
| Compensation of current officers, directors, key employees. | $17,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,631 |
| Payroll taxes | $21,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,299 |
| Fees for services: Investment Management | $11,006 |
| Fees for services: Other | $108,428 |
| Advertising and promotion | $1,841 |
| Office expenses | $9,500 |
| Information technology | $9,354 |
| Royalties | $0 |
| Occupancy | $32,161 |
| Travel | $2,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,068 |
| Insurance | $11,927 |
| All other expenses | $0 |
| Total functional expenses | $609,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $497,750 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $710,991 |
| Investments—publicly traded securities | $1,258,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $2,724,564 |
| Accounts payable and accrued expenses | $5,158 |
| 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 | $490,000 |
| Other liabilities | $0 |
| Total liabilities | $495,158 |
| Net assets without donor restrictions | $1,719,148 |
| Net assets with donor restrictions | $510,258 |
| 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 | $2,724,564 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Menokin Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Hillier Family Foundation Akron, OH PURPOSE: EDUCATION | $2,000 |
Endowment Analysis
| Beg. Balance | $1,150,149 |
| Earnings | $144,062 |
| Admin Expense | $11,006 |
| Other Expense | $25,000 |
| Ending Balance | $1,258,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |