Virginia Hot Springs Preservation Trust Inc
- Assets
- $1.0m
- Revenue
- $54.7k
- Investments
- $995.8k
- Employees
- 0
- Location
- Ivy, VA
- Founding
- 01/2008
- Data as of
- 06/2023
- EIN
- 55-0905628
Organization Overview
Virginia Hot Springs Preservation Trust Inc is located in Ivy, VA. The organization was established in 2008. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Hot Springs Preservation Trust 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 06/2023, Virginia Hot Springs Preservation Trust Inc generated $54.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $61.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Virginia Hot Springs Preservation Trust Inc has awarded 33 individual grants totaling $186,785. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST IS ORGANIZED FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES, WHICH MAY INCLUDE BUT ARE NOT LIMITED TO, SPONSORING OR SUPPORTING CULTURAL PROGRAMS, EDUCATIONAL PROGRAMS, LAND MANAGEMENT AND CONSERVATION ACTIVITIES, AND SUCH OTHER ACTIVITIES, ALL FOR THE COMMON GOOD AND GENERAL SOCIAL WELFARE OF THE RESIDENTS OF THE COMMUNITIES OF HOT SPRINGS AND WARM SPRINGS, VIRGINIA, AND OTHER AREAS OF BATH COUNTY, VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Massie Valentine President | 5 | $0 | |
Ian Ratcliff Treasurer | 5 | $0 | |
Charlie Whitaker Secretary | 5 | $0 | |
Ted Armbrecht Trustee | 5 | $0 | |
Elliott Harrigan Trustee | 5 | $0 | |
Jil Harris Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $20,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,710 |
| Capital Gain Net Income | $9,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,513 |
| Total Revenue | $54,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,592 |
| Total operating and administrative expenses | $19,402 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $61,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,816 |
| Savings and temporary cash investments | $175 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $214,111 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,016,771 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Virginia Hot Springs Preservation Trust Inc has awarded $42,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BATH COUNTY ARTS ASSOCIATION PURPOSE: ART SHOW SPONSORSHIP AND TUITION ASSISTANCE PROGRAM | $5,000 |
FOODLORE PROVISIONS PURPOSE: TO HELP PROVIDE LIVE MUSIC FOR FOODLORE | $9,500 |
HEALING SPRINGS BAPTIST CHURCH PURPOSE: ROADSIDE FOOD PANTRY | $1,500 |
SAFEHOME SYSTEMS PURPOSE: SUPPORT EMERGENCY SHELTER | $5,000 |
THE CHRISTMAS MOTHER PURPOSE: GENERAL SUPPORT | $5,000 |
BATH COUNTY SOCCER CAMP PURPOSE: 2023 SOCCER CAMP | $2,500 |