Gatewood Martin Mansion Foundation
- Assets
- $400.8k
- Revenue
- $347.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 07/2019
- Data as of
- 05/2022
- EIN
- 83-4569574
Organization Overview
Gatewood Martin Mansion Foundation is located in Norfolk, VA. The organization was established in 2019. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Gatewood Martin Mansion 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 05/2022, Gatewood Martin Mansion Foundation generated $347.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $257.1k during the year ending 05/2022. While expenses have increased by 22.8% per year over the past 3 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 REBUILD LIVES WHILE REBUILDING THE MANSION THROUGH OUR PROGRAMMING THAT EDUCATES AND REBUILDS LIVES WHILE PARTNERING WITH OUR COMMUNITY AND NON-PROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES GENERATED BY SPECIAL EVENTS AND MANSION TOURS, WHOS NET INCOME IS TO SUPPORT THE PRESERVATION, REBUILDING OF THE MANSION AND TO SUPPORT COMMUNITY PROGRAMS AND LOCAL NON-PROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Susanne Ott Chairman | OfficerTrustee | 43 | $0 |
Polly Jones Vice-Chair | OfficerTrustee | 34 | $0 |
J Paige Rose Secretary | OfficerTrustee | 1 | $0 |
Jen Phipps Beck Treasurer | OfficerTrustee | 1 | $0 |
Sheila Kilpatrick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,671 |
| Noncash contributions included in lines 1a–1f | $1,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,316 |
| Total Program Service Revenue | $246,931 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$129 |
| 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 | $347,153 |
| 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 | $7,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,970 |
| Advertising and promotion | $8,235 |
| Office expenses | $3,772 |
| Information technology | $2,103 |
| 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 | $0 |
| Interest | $417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,722 |
| Insurance | $9,957 |
| All other expenses | -$21,610 |
| Total functional expenses | $257,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,827 |
| Savings and temporary cash investments | $10,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $218,755 |
| 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 | $43,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $400,762 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $218,755 |
| 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 | $11,463 |
| Other liabilities | $41,461 |
| Total liabilities | $271,679 |
| Net assets without donor restrictions | $129,083 |
| 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 | $400,762 |
Peer Organizations
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|---|---|---|
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Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |