Civic Intelligence

Furnace Town Foundation Inc

EIN 52-1223314 • 501(c)3 • Snow Hill, MD

Profile

To preserve, restore, interpret and develop the 25 acres of furnace town living heritage museum and the 19th century village of the nassawagno iron furnace.

PO Box 207Snow Hill, MD 21863

www.furnacetown.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

63rd percentile

9.5%

Higher net margin than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$59,289

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$303,208

Up $30,210 (+11%) from 2023

Liabilities

Up

$11,763

Up $5,991 (+104%) from 2023

Net Assets

Up

$291,445

Up $24,219 (+9.1%) from 2023

Revenue

Up

$256,119

Up $29,494 (+13%) from 2023

Expenses

Up

$231,700

Up $3,587 (+1.6%) from 2023

Net Income

Up

$24,419

Up $25,907 (+1741%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $137,657Liabilities 2011: $10,7742011Assets 2012: $151,145Liabilities 2012: $9,151Net Assets 2012: $141,9942012Assets 2013: $142,459Liabilities 2013: $13,356Net Assets 2013: $129,1032013Assets 2014: $156,419Liabilities 2014: $13,814Net Assets 2014: $142,6052014Assets 2015: $164,108Liabilities 2015: $8,447Net Assets 2015: $155,6612015Assets 2016: $181,255Liabilities 2016: $13,861Net Assets 2016: $167,3942016Assets 2017: $170,294Liabilities 2017: $10,468Net Assets 2017: $159,8262017Assets 2018: $175,328Liabilities 2018: $18,409Net Assets 2018: $156,9192018Assets 2019: $173,634Liabilities 2019: $15,445Net Assets 2019: $158,1892019Assets 2020: $459,069Liabilities 2020: $0Net Assets 2020: $459,0692020Assets 2021: $598,790Liabilities 2021: $6,331Net Assets 2021: $592,4592021Assets 2022: $275,254Liabilities 2022: $6,943Net Assets 2022: $268,3112022Assets 2023: $272,998Liabilities 2023: $5,772Net Assets 2023: $267,2262023Assets 2024: $303,208Liabilities 2024: $11,763Net Assets 2024: $291,4452024

Highlighted filing

2024

Assets$303,208
Liabilities$11,763
Net Assets$291,445

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $98,287Expenses 2011: $116,100Net Income 2011: -$17,8132011Revenue 2012: $127,010Expenses 2012: $112,497Net Income 2012: $14,5132012Revenue 2013: $109,159Expenses 2013: $123,202Net Income 2013: -$14,0432013Revenue 2014: $131,362Expenses 2014: $118,154Net Income 2014: $13,2082014Revenue 2015: $127,895Expenses 2015: $115,689Net Income 2015: $12,2062015Revenue 2016: $140,576Expenses 2016: $129,359Net Income 2016: $11,2172016Revenue 2017: $164,863Expenses 2017: $172,585Net Income 2017: -$7,7222017Revenue 2018: $156,428Expenses 2018: $168,363Net Income 2018: -$11,9352018Revenue 2019: $143,489Expenses 2019: $135,738Net Income 2019: $7,7512019Revenue 2020: $137,975Expenses 2020: $84,015Net Income 2020: $53,9602020Revenue 2021: $276,128Expenses 2021: $142,738Net Income 2021: $133,3902021Revenue 2022: $254,184Expenses 2022: $209,225Net Income 2022: $44,9592022Revenue 2023: $226,625Expenses 2023: $228,113Net Income 2023: -$1,4882023Revenue 2024: $256,119Expenses 2024: $231,700Net Income 2024: $24,4192024

Highlighted filing

2024

Revenue$256,119
Expenses$231,700
Net Income$24,419

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.12$2.91$2.56$2.32$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.73$0.06$2.67$2.27$2.28$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.75$0.07$2.68$2.54$2.09$0.45
2021Detailed filing. Detailed filing data is available for this year.$5.99$0.06$5.92$2.76$1.43$1.33
2020Detailed filing. Detailed filing data is available for this year.$4.59$0.00$4.59$1.38$0.84$0.54
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.15$1.58$1.43$1.36$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.18$1.57$1.56$1.68$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.10$1.60$1.65$1.73$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.81$0.14$1.67$1.41$1.29$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.08$1.56$1.28$1.16$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.14$1.43$1.31$1.18$0.13
2013Detailed filing. Detailed filing data is available for this year.$1.42$0.13$1.29$1.09$1.23$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.09$1.42$1.27$1.12$0.15
2011Summary only. Only limited summary data is available for this year.$1.38$0.11$0.98$1.16$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 29, 2025
Return Version
2024v5.0
Gross Receipts
$328,644
Mission and Program Overview

Mission

To preserve, restore, interpret and develop the 25 acres of Furnace Town Living Heritage Museum and the 19th Century village of the Nassawango Iron Furnace Archeology, history heritage, nature and artisan interpretation.

To preserve, restore, interpret and develop the 25 acres of furnace town living heritage museum and the 19th century village of the nassawagno iron furnace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$99,282$213,620▲ $114,338
Cash and Non-Interest-Bearing Accounts$161,975$77,792▼ $84,183
Inventories for Sale or Use$1,806$1,537▼ $269
Total Assets$272,998$303,208▲ $30,210
Other Assets Total$9,935$10,259▲ $324
Liabilities
Accounts Payable and Accrued Expenses$1,684$6,096▲ $4,412
Other Liabilities$4,088$5,667▲ $1,579
Total Liabilities$5,772$11,763▲ $5,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$267,226$291,445▲ $24,219
Total Net Assets Fund Balance$267,226$291,445▲ $24,219
Total Liabilities and Net Assets / Fund Balance$272,998$303,208▲ $30,210
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Claudia NagleExecutive DiFT$59,289$59,289

Board Members and Trustees

NameTitle
Alex ClarkPresident
Dennis HandleyDirector
Jeff BaconDirector
Kassie BlakelockDirector
Kathy RocheDirector
Larry FurstDirector
Russell BlakeDirector
Betsy Gravenor-staceySecretary
William FergusonTreasurer
Emily Hansen-mooreVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$161,022
Program Service Revenue
$36,844
Investment Income
$1,460
Other Revenue
$56,793
All Other Contributions
$74,647
Change in Net Assets
$24,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$141,984
Other Expenses$89,716
Total Fundraising Expense$23,922
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,004$26,287$13,144$131,435
Occupancy$23,134$5,578$3,903$32,615
Fees for Services Other$17,994$8,640$2,437$29,071
Fees for Services Accounting$1,321$10,562$1,320$13,203
Payroll Taxes$1,055$7,384$2,110$10,549
Depreciation Depletion$10,170--$10,170
Insurance$2,005$1,627$990$4,622
Advertising$17-$18$35
Total Functional Expenses$147,700$60,078$23,922$231,700
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$112,359
Fundraising Direct Expenses$65,488
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Renaissance Fai$48,517$48,517$25,355$23,162
Iron Furnace Fi$31,114$31,114$29,782$1,332
Total Events$94,097$94,097$64,146$29,951
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilities$5,262
Comptroller of Maryland$405
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

Jeff bacon 3777 sand road snow hill, md 21863 kassie blakelock 105 ironshire st snow hill, md 21863 russell blake 7 winter quarters dr pocomoke city, md 21851 alex clark 6095 sixty foot rd parsonsburg, md 21849 william ferguson 28130 pathfinder ct salisbury, md 21801 larry furst 32353 mt hermon rd salisbury, md 21804 betsy gravenor-stacey 4336 red house rd snow hill, md 21863 kathy roche 4725 cardinal dr salisbury, md 21804

Form 990, Page 6, Part VI, Line 11B

Presented to treasurer for their review

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Furnace Town Foundation Inc
EIN
52-1223314
Phone
4106322032
Address
PO BOX 207, SNOW HILL, MD 21863

Signing Officer

Name
Claudia Nagle
Title
Executive Director
Phone
4106322032
Signed
2025-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudia Nagle
Formed
1978
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
9
Employees
5
Volunteers
50

Preparer

Firm
Granger & Magee Pa
Address
145 EAST CARROLL ST UNIT 201, SALISBURY, MD 21801
Preparer
Mark L Granger
Phone
4107495350
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To preserve, restore, interpret and develop the 25 acres of furnace town living heritage museum and the 19th century village of nassawango iron furnace.

Form 990, Part IX, Line 11G

Memberships and dues 415 0 0 advertising 286 0 0 program supplies 1,728 0 0 website 782 0 0 square fees 2,837 0 0 blacksmith guild expenses 610 0 0 donor management software 1,634 0 1,635 office expenses 8,900 2,225 0 computer contract/repairs 755 6,035 754 other professional services 47 380 48 total 17,994 8,640 2,437

Form 990, Part XI, Line 9

Prior period inventory corr 0

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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013144
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026287
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092004
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PRESERVE, RESTORE, INTERPRET AND DEVELOP THE 25 ACRES OF FURNACE TOWN LIVING HERITAGE MUSEUM AND THE 19TH CENTURY VILLAGE OF NASSAWANGO IRON FURNACE.
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IRS990/PYContributionsGrantsAmt0138018
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02161
IRS990/PYOtherExpensesAmt085914
IRS990/PYOtherRevenueAmt058753
IRS990/PYProgramServiceRevenueAmt027693
IRS990/PYRevenuesLessExpensesAmt0-1488
IRS990/PYSalariesCompEmpBnftPaidAmt0142199
IRS990/PYTotalExpensesAmt0228113
IRS990/PYTotalRevenueAmt0226625
IRS990/ReconcilationRevenueExpnssAmt024419
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0138018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0141837
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0145597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0124821
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0711295
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0426245
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IRS990ScheduleA/PublicSupportPY170Pct00.97290
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0138018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0141837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0145597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0124821
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0711295
IRS990ScheduleA/TotalSupportAmt0743647
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt012997
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt08955
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt010400
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt032352
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1405
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPTROLLER OF MARYLAND
IRS990ScheduleD/TotalLiabilityAmt05667
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt064146
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RENAISSANCE FAI
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0IRON FURNACE FI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt048517
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt031114
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt014466
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt094097
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt048517
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt031114
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt014466
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt094097
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt029951
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt09009
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt025355
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt029782
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PRESERVE, RESTORE, INTERPRET AND DEVELOP THE 25 ACRES OF FURNACE TOWN LIVING HERITAGE MUSEUM AND THE 19TH CENTURY VILLAGE OF NASSAWANGO IRON FURNACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JEFF BACON 3777 SAND ROAD SNOW HILL, MD 21863 KASSIE BLAKELOCK 105 IRONSHIRE ST SNOW HILL, MD 21863 RUSSELL BLAKE 7 WINTER QUARTERS DR POCOMOKE CITY, MD 21851 ALEX CLARK 6095 SIXTY FOOT RD PARSONSBURG, MD 21849 WILLIAM FERGUSON 28130 PATHFINDER CT SALISBURY, MD 21801 LARRY FURST 32353 MT HERMON RD SALISBURY, MD 21804 BETSY GRAVENOR-STACEY 4336 RED HOUSE RD SNOW HILL, MD 21863 KATHY ROCHE 4725 CARDINAL DR SALISBURY, MD 21804
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRESENTED TO TREASURER FOR THEIR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERSHIPS AND DUES 415 0 0 ADVERTISING 286 0 0 PROGRAM SUPPLIES 1,728 0 0 WEBSITE 782 0 0 SQUARE FEES 2,837 0 0 BLACKSMITH GUILD EXPENSES 610 0 0 DONOR MANAGEMENT SOFTWARE 1,634 0 1,635 OFFICE EXPENSES 8,900 2,225 0 COMPUTER CONTRACT/REPAIRS 755 6,035 754 OTHER PROFESSIONAL SERVICES 47 380 48 TOTAL 17,994 8,640 2,437
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD INVENTORY CORR 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TotalContributionsAmt0161022
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023922
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060078
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147700
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231700
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05772
IRS990/TotalLiabilitiesEOYAmt011763
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0267226
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0291445
IRS990/TotalOtherProgSrvcExpenseAmt0476
IRS990/TotalProgramServiceExpensesAmt0147700
IRS990/TotalProgramServiceRevenueAmt036844
IRS990/TotalReportableCompFromOrgAmt059289
IRS990/TotalRevenueGrp/ExclusionAmt013997
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt048226
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256119
IRS990/TotalVolunteersCnt050
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0303208
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06977 ASHWORTH COURT
IRS990/USAddress/CityNm0SALISBURY
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021804
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.FURNACETOWN.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLAUDIA NAGLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04106322032
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FURNACE TOWN FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FURN
ReturnHeader/Filer/EIN0521223314
ReturnHeader/Filer/PhoneNum04106322032
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 207
ReturnHeader/Filer/USAddress/CityNm0SNOW HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021863
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522203069
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANGER & MAGEE PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0145 EAST CARROLL ST UNIT 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY

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