Civic Intelligence

The Clermont Foundation

990 • Fiscal year 2015 • EIN 27-3143754

Jan 01, 2015 to Dec 31, 2015 • Filed on May 11, 2016

801 East Main StreetBerryville, VA 22611

(540) 955-0102

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

90th percentile

42%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

52nd percentile

$67,626

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

49th percentile

0.5%

Faster asset growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

81st percentile

28%

Faster revenue growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Assets

Up

$4,110,831

Up $38,657 (+0.9%) from 2013

Net Assets

Up

$4,072,222

Up $19,689 (+0.5%) from 2013

Liabilities

Up

$38,609

Up $18,968 (+97%) from 2013

Revenue

Up

$644,233

Up $253,766 (+65%) from 2013

Expenses

Up

$373,125

Up $25,458 (+7.3%) from 2013

Net Income

Up

$271,108

Up $228,308 (+533%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $3,888,516Liabilities 2012: $12,691Net Assets 2012: $3,875,8252012Assets 2013: $4,072,174Liabilities 2013: $19,641Net Assets 2013: $4,052,5332013Assets 2015: $4,110,831Liabilities 2015: $38,609Net Assets 2015: $4,072,2222015Assets 2019: $4,332,293Liabilities 2019: $32,042Net Assets 2019: $4,300,2512019Assets 2020: $4,395,103Liabilities 2020: $25,959Net Assets 2020: $4,369,1442020Assets 2021: $4,507,976Liabilities 2021: $27,912Net Assets 2021: $4,480,0642021Assets 2022: $3,930,520Liabilities 2022: $16,240Net Assets 2022: $3,914,2802022

Highlighted filing

2015

Assets$4,110,831
Liabilities$38,609
Net Assets$4,072,222

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2012: $350,3832012Revenue 2013: $390,467Expenses 2013: $347,667Net Income 2013: $42,8002013Revenue 2015: $644,233Expenses 2015: $373,125Net Income 2015: $271,1082015Revenue 2019: $510,241Expenses 2019: $342,180Net Income 2019: $168,0612019Revenue 2020: $223,036Expenses 2020: $372,024Net Income 2020: -$148,9882020Revenue 2021: $269,383Expenses 2021: $357,334Net Income 2021: -$87,9512021Revenue 2022: $85,059Expenses 2022: $346,881Net Income 2022: -$261,8222022

Highlighted filing

2015

Revenue$644,233
Expenses$373,125
Net Income$271,108
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 11, 2016
Return Version
2015v2.1
Gross Receipts
$644,233
Mission and Program Overview

Mission

The Foundation preserves the cultural landscape of historic Clermont Farm and uses it to promote public education and engagement with agriculture, history, and historic preservation, including the history of all the peoples associated with the site, through partnerships with regional educational organizations.

The clermont foundation supports education and research programs in historic preservation and agriculture at clermont farm (1750) for students, scholars, and the public. These programs are planned and developed in partnership with clermont's owner, the virginia department of historic resources, and with local and regional organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,605,843$3,382,395▼ $223,448
Land, Buildings, and Equipment, Net$457,249$686,954▲ $229,705
Cash and Non-Interest-Bearing Accounts$23,031$41,482▲ $18,451
Total Assets$4,086,123$4,110,831▲ $24,708
Liabilities
Other Liabilities$35,400$26,375▼ $9,025
Accounts Payable and Accrued Expenses$7,908$12,234▲ $4,326
Total Liabilities$43,308$38,609▼ $4,699
Net Assets / Fund Balance
Unrestricted Net Assets$4,042,815$4,072,222▲ $29,407
Total Net Assets Fund Balance$4,042,815$4,072,222▲ $29,407
Total Liabilities and Net Assets / Fund Balance$4,086,123$4,110,831▲ $24,708

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$504,330$27,451$531,781
Other Land Buildings$138,787-$138,787
Equipment$43,837$55,118$98,955
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert Stieg JrCEOFT$67,626$67,626

Board Members and Trustees

NameTitle
Joseph WhitehornePresident
John P LewisVice President
Chuck BishopTrustee
Clay BrumbackTrustee
Doug LawrenceTrustee
Jane AilesTrustee
Norma JohnsonTrustee
Timothy MayfieldTrustee
William StaplesTrustee
Tupper DorseyTreasurer/ Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$251,321
Program Service Revenue
$193,207
Investment Income
$193,806
Other Revenue
$5,899
All Other Contributions
$216,520
Change in Net Assets
$271,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$228,623
Salaries, Compensation, and Employee Benefits$144,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$40,576$27,050-$67,626
Other Salaries and Wages$35,418$23,612-$59,030
All Other Expenses$19,679$2,617-$22,296
Fees for Service Investment Mgmnt Fees-$20,824-$20,824
Depreciation Depletion$15,310$3,828-$19,138
Other Expenses$15,647--$15,647
Occupancy$12,064$3,016-$15,080
Fees for Services Accounting-$12,380-$12,380
Payroll Taxes$5,908$3,939-$9,847
Conferences and Meetings$4,526$4,526-$9,052
Insurance$7,183$1,796-$8,979
Other Employee Benefits$4,799$3,200-$7,999
Office Expenses$3,366$3,366-$6,732
Fees for Services Other$3,336$2,224-$5,560
Total Functional Expenses$260,747$112,378$0$373,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$22,300
Security Deposits$4,075
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The foundation provides the board of directors with a copy of the 990 to review prior to filing.

Form 990, Part VI, Section B, Line 12C

To implement this policy, trustees will submit annual reports and will make disclosures before any relevant board or committee action. These reports will be reviewed by the trustees of an appointed committee of trustees, which will attempt to resolve any actual or potential conflict(s) and, in the absence of resolution, refer the matter to the trustees.

Form 990, Part VI, Section B, Line 15A

Compensation is reviewed by the board of directors using local non-profit data.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Clermont Foundation
EIN
27-3143754
Phone
5409550102
Address
801 EAST MAIN STREET, BERRYVILLE, VA 22611

Signing Officer

Name
Robert Stieg Jr
Title
CEO
Phone
5408372790
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Stieg Jr
Formed
2010
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
140

Preparer

Firm
Yount Hyde & Barbour Pc
Address
PO BOX 2560, WINCHESTER, VA 22604-1760
Preparer
Olivia a Hutton CPA
Phone
5406623417
Supplemental Narrative

Additional Explanations

Form 990,part XII, Line 1

The foundation uses the modified cash basis of accounting.

Form 990, Part XII, Line 2C

No change from prior year.

Financial Statement Notes

Schedule D, Part III, Line 1A

To complete the museum cataloguing of all the historic objects and furnishings, and to archive and describe its large collection of historic photographs.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2CREP INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0186815
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0186815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21077
IRS990/ProgSrvcAccomActy2Grp/Desc0TO CONTINUE AND IMPROVE THE HISTORIC FARM, BY PREPARING A REVISED PLANTING PROGRAM TO BRING ITS PASTURES INTO BETTER CONDITION AND TO COMPLETE ITS INNOVATIVE ROTATIONAL GRAZING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0141187
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0199106
IRS990/ProgSrvcAccomActy3Grp/Desc0TO COMPLETE THE MUSEUM CATALOGUING OF ALL THE HISTORIC OBJECTS AND FURNISHINGS, AND TO ARCHIVE AND DESCRIBE ITS LARGE COLLECTION OF HISTORIC PHOTOGRAPHS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt052256
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt044838
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0170589
IRS990/PYOtherExpensesAmt0194199
IRS990/PYOtherRevenueAmt04864
IRS990/PYProgramServiceRevenueAmt078298
IRS990/PYRevenuesLessExpensesAmt0-26073
IRS990/PYSalariesCompEmpBnftPaidAmt0130463
IRS990/PYTotalExpensesAmt0324662
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0298589
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0271108
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03605843
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03382395
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt040496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0140221
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt093209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt069824
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt040648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0384398
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0275758
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt094628
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt099453
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0117497
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt041385
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0628721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0193806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0170589
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0272697
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0301071
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0146513
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01084676
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0439365
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05899
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04864
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05662
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07058
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04016
IRS990ScheduleA/OtherIncome170Grp/TotalAmt027499
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01013119
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0316254
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0234849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0192662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0187321
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt082033
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01013119
IRS990ScheduleA/TotalSupportAmt02125294
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt043837
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055118
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098955
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0504330
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt027451
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0531781
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0138787
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0138787
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO COMPLETE THE MUSEUM CATALOGUING OF ALL THE HISTORIC OBJECTS AND FURNISHINGS, AND TO ARCHIVE AND DESCRIBE ITS LARGE COLLECTION OF HISTORIC PHOTOGRAPHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART III, LINE 1A
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0686954
IRS990ScheduleD/TotalLiabilityAmt026375
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDES THE BOARD OF DIRECTORS WITH A COPY OF THE 990 TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO IMPLEMENT THIS POLICY, TRUSTEES WILL SUBMIT ANNUAL REPORTS AND WILL MAKE DISCLOSURES BEFORE ANY RELEVANT BOARD OR COMMITTEE ACTION. THESE REPORTS WILL BE REVIEWED BY THE TRUSTEES OF AN APPOINTED COMMITTEE OF TRUSTEES, WHICH WILL ATTEMPT TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT(S) AND, IN THE ABSENCE OF RESOLUTION, REFER THE MATTER TO THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS USING LOCAL NON-PROFIT DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION USES THE MODIFIED CASH BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990,PART XII, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04086123
IRS990/TotalAssetsEOYAmt04110831
IRS990/TotalAssetsGrp/BOYAmt04086123
IRS990/TotalAssetsGrp/EOYAmt04110831
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0251321
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0112378
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260747
IRS990/TotalFunctionalExpensesGrp/TotalAmt0373125
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043308
IRS990/TotalLiabilitiesEOYAmt038609
IRS990/TotalLiabilitiesGrp/BOYAmt043308
IRS990/TotalLiabilitiesGrp/EOYAmt038609
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04042815

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