Strawbridge & Martha Wilson Young Foundation
- Assets
- $155.3k
- Revenue
- $98.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Burnsville, NC
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 82-3134313
Organization Overview
Strawbridge & Martha Wilson Young Foundation is located in Burnsville, NC. The organization was established in 2017. 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. Strawbridge & Martha Wilson Young 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 12/2022, Strawbridge & Martha Wilson Young Foundation generated $98.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $112.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE LEGACEY OF PIONEER SETTLERS OF THE SOUTHERN APPALACHIAN MOUNTAINS AND TO PROVIDE EXPERIENCES IN HOW THEY LIVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRIORITIZES HANDS-ON EDUCATIONAL EXPERIENCES FOR PEOPLE OF ALL AGES. THROUGH HISTORIC TOURS, PERFORMANCES, FESTIVALS, AND WORKSHOPS. VISITORS LEARN ABOUT THE SUCCESSES AND CHALLENGES FACED BY EARLY SETTLERS CARVING OUT HOMESTEADS IN THE SOUTHERN APPLALACHIAN MOUNTAINS. IN 2022 FAMILY SKILL-BASED WORKSHOPS, HISTORIC TOURS, AND THE SCARY SATURDAYS FESTIVAL DREW HUNDREDS OF VISITORS. HIGH SCHOOL APPRENTICES WORKED ON THE FARM, EARNED BLACKSMITHING AND PARTICIPATED IN STORYTELLING AND TRADITIONAL MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldine Plato CEO | Officer | 30 | $47,900 |
Jim Mcqueen Chair | OfficerTrustee | 4 | $0 |
Laura Gwen Stetzler Vice-Chair | OfficerTrustee | 10 | $0 |
Matt Scott Treasurer | OfficerTrustee | 2 | $0 |
Mary Ellis Young Secretary | OfficerTrustee | 4 | $0 |
Sarah Garbee Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,600 |
| Total Program Service Revenue | $6,640 |
| Investment income | $253 |
| 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 | $98,493 |
| 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. | $47,900 |
| Compensation of current officers, directors, key employees. | $7,185 |
| 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 | $8,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,106 |
| Advertising and promotion | $3,584 |
| Office expenses | $7,840 |
| Information technology | $2,212 |
| Royalties | $11,695 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,391 |
| All other expenses | $482 |
| Total functional expenses | $112,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,593 |
| Savings and temporary cash investments | $700 |
| 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 | $130,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,293 |
| Accounts payable and accrued expenses | -$300 |
| 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 | $150,138 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,838 |
| 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 | $5,455 |
| Total liabilities and net assets/fund balances | $155,293 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Strawbridge & Martha Wilson Young Foundation has recieved totaling $12,571.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
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 |