Society Of The Cincinnati In The State Of Virginia
- Assets
- $7.6m
- Revenue
- $353.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/1937
- Data as of
- 06/2023
- EIN
- 54-6054111
Organization Overview
Society Of The Cincinnati In The State Of Virginia is located in Richmond, VA. The organization was established in 1937. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of The Cincinnati In The State Of Virginia 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 06/2023, Society Of The Cincinnati In The State Of Virginia generated $353.2k 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 (9.8%) each year. All expenses for the organization totaled $427.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Society Of The Cincinnati In The State Of Virginia has awarded 68 individual grants totaling $1,754,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PERPETUATE THE MEMORY AND IDEALS OF THE AMERICAN REVOLUTION, INCLUDING AWARDING SCHOLARSHIPS, FUNDING RESEARCH GRANTS AND HISTORICAL PROGRAMS, AND SUPPORTING EDUCATIONAL AND HISTORICAL PROGRAMS OF THE SOCIETY OF THE CINCINNATI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE SOCIETY OF THE CINCINNATI, INC., WASHINGTON, DC, EIN: 53-0205423 TO SUPPORT ITS PROGRAMS FOR HISTORICAL, PATRIOTIC AND EDUCATIONAL PURPOSES.
VARIOUS MEETINGS THROUGHOUT THE YEAR
GRANTS FOR RESEARCH, LECTURES AND HISTORICAL PROJECTS CONSISTENT WITH THE ORGANIZATION'S HISTORICAL AND EDUCATIONAL MISSION TO THE VIRGINIA HISTORICAL SOCIETY, THE NATIONAL INSTITUTE OF AMERICAN HISTORY AND DEMOCRACY, VIRGINIA COMMONWEALTH UNIVERSITY, THE UNIVERSITY OF RICHMOND, YORKTOWN FIFE & DRUM, AND VIRGINIA CAPITOL FOUNDATION.
SCHOLARSHIPS AND AWARDS TO UNDERGRADUATE AND GRADUATE STUDENTS IN FURTHERANCE OF THE ORGANIZATION'S EDUCATIONAL MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Farmer President | OfficerTrustee | 2 | $0 |
Mark C Williams Vice President | OfficerTrustee | 1 | $0 |
Henry R Miller IV Secretary | OfficerTrustee | 1 | $0 |
Frank Talbott IV Treasurer | OfficerTrustee | 1 | $0 |
Minor T Weisiger Registrar | OfficerTrustee | 1 | $0 |
William Cary Whitehead III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,654 |
| Total Program Service Revenue | $10,905 |
| Investment income | $191,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $215,041 |
| Grants and other assistance to domestic individuals. | $72,289 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,811 |
| Fees for services: Other | $6,402 |
| Advertising and promotion | $0 |
| Office expenses | $12,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,088 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,406 |
| All other expenses | $0 |
| Total functional expenses | $427,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,736 |
| Savings and temporary cash investments | $677,599 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,869,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,640,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,640,375 |
| 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 | $7,640,375 |
Grants Awarded
Over the last fiscal year, Society Of The Cincinnati In The State Of Virginia has awarded $190,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NIAHD - THE COLLEGE OF WILLIAM AND MARY FOUNDATION PURPOSE: TO FUND INTERPRETIVE SPEAKER PROGRAM AND INSTRUCTORSHIPS. | $6,500 |
THE SOCIETY OF THE CINCINNATI INC PURPOSE: OPERATIONS | $153,000 |
GEORGE WASHINGTON'S MOUNT VERNON PURPOSE: RENOVATION OF GEORGE WASHINGTON'S TOMB | $30,500 |