Fairfield Foundation Tbs
- Assets
- $1.4m
- Revenue
- $636.0k
- Investments
- $0.0
- Employees
- 14
- Location
- White Marsh, VA
- Founding
- 10/2001
- Data as of
- 03/2022
- EIN
- 54-2032867
Organization Overview
Fairfield Foundation Tbs is located in White Marsh, VA. The organization was established in 2001. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Fairfield Foundation Tbs employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Foundation Tbs 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 03/2022, Fairfield Foundation Tbs generated $636.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $230.2k during the year ending 03/2022. While expenses have increased by 22.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND INVOLVE THE PUBLIC IN HANDS-ON ARCHAEOLOGY, PRESERVATION, AND EDUCATION ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PERFORM ARCHAEOLOGICAL AND HISTORICAL RESEARCH ON 17TH CENTURY PLANTATION SITE IN GLOUCESTER COUNTY, VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thane H Harpole Co-Director | Officer | 20 | $36,050 |
David A Brown Co-Director | Officer | 20 | $28,650 |
Tom Karow President | OfficerTrustee | 1 | $0 |
Roberta Hatton Vice President | OfficerTrustee | 1 | $0 |
Lori Jackson Black Treasurer | OfficerTrustee | 1 | $0 |
Janet Brown Secretary | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,018 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,316 |
| Total Program Service Revenue | $76,534 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$465 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,017 |
| 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. | $64,700 |
| Compensation of current officers, directors, key employees. | $16,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,336 |
| Information technology | $7,043 |
| Royalties | $0 |
| Occupancy | $5,127 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $12,101 |
| All other expenses | $0 |
| Total functional expenses | $230,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,229 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $314 |
| Net Land, buildings, and equipment | $711,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $361,322 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,396,395 |
| Accounts payable and accrued expenses | $2,026 |
| 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 | $32,450 |
| Other liabilities | $0 |
| Total liabilities | $34,476 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,396,395 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fairfield Foundation Tbs has recieved totaling $8,955.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $8,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $305 |
Peebles Family Foundation Tr Ordinary, VA PURPOSE: SUPPORT RECIPIENT'S TAX EXEMPT FUNCTION | $150 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retail Industry Leaders Association Inc Washington, DC | $12,257,205 | $15,486,853 |
Loretto Literary & Benevolent Institution Nerinx, KY | $3,723,243 | $10,897,100 |
Center For Applied Linguistics Washington, DC | $9,420,510 | $10,701,396 |
Barbara Bush Foundation For Family Literacy Inc Washington, DC | $30,746,734 | $7,662,955 |
National Humanities Center Research Triangle Park, NC | $81,630,091 | $12,139,201 |
New Civil Liberties Alliance Washington, DC | $4,877,448 | $3,912,261 |
Humanity First Usa Silver Spring, MD | $4,268,459 | $5,114,185 |
Maryland Humanities Council Inc Baltimore, MD | $2,602,498 | $3,083,306 |
Ripon Society Inc Washington, DC | $17,655,909 | $3,657,728 |
Humanities Tennessee Nashville, TN | $634,896 | $2,324,740 |
American Helicopter Society International Inc Fairfax, VA | $2,304,770 | $2,233,027 |
Glass Packaging Institute Arlington, VA | $1,054,008 | $1,926,864 |