Fort New Salem Foundation Inc
- Assets
- $335.5k
- Revenue
- $13.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, WV
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 55-0784626
Organization Overview
Fort New Salem Foundation Inc is located in Salem, WV. The organization was established in 2002. 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. Fort New Salem 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, Fort New Salem Foundation Inc generated $13.7k 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 (16.1%) each year. All expenses for the organization totaled $15.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.3%) 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
FORT NEW SALEM FOUNDATION, INC. EXISTS TO SUPPORT , MANAGE AND RENOVATE FORT NEW SALEM IN ORDER TO PRESERVE AND ADVANCE THE EDUCATIONAL, HISTORICAL, CULTURAL AND SOCIAL ASPECTS OF NINETEENTH CENTURY WESTERN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORT NEW SALEM FOUNDATION, INC. EXISTS TO SUPPORT , MANAGE AND RENOVATE FORT NEW SALEM IN ORDER TO PRESERVE AND ADVANCE THE EDUCATIONAL, HISTORICAL, CULTURAL AND SOCIAL ASPECTS OF NINETEENTH CENTURY WESTERN VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kiger Treasurer | OfficerTrustee | 5 | $0 |
Robert Samples Board Member | OfficerTrustee | 5 | $0 |
Dr Joseph Audia Chairman | OfficerTrustee | 10 | $0 |
Kevin Fluharty Vice Chairman/sec | OfficerTrustee | 5 | $0 |
Larry Rine Board Member | Trustee | 5 | $0 |
Ken Aucremanne Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,002 |
| Total Program Service Revenue | $619 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,680 |
| 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. | $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 | $0 |
| 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 | $115 |
| Information technology | $200 |
| Royalties | $0 |
| Occupancy | $1,740 |
| 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 | $5,194 |
| All other expenses | $0 |
| Total functional expenses | $15,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,786 |
| Savings and temporary cash investments | $58,723 |
| 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 | $1 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $335,510 |
| 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 | $276,787 |
| Net assets with donor restrictions | $58,723 |
| 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 | $335,510 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort New Salem Foundation Inc has recieved totaling $282.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
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 |
Mansfield Reformatory Preservation Society Inc Mansfield, OH | $6,627,269 | $4,312,949 |
Baltimore Museum Of Industry Baltimore, MD | $4,041,463 | $2,097,519 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |