Civic Intelligence

Henry County Furniture Museum Inc

EIN 52-1285110 • 501(c)3 • Bassett, VA

Profile

see line 28 below

P O Box 626Bassett, VA 24055

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

26th percentile

-15%

Higher net margin than 26% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

18th percentile

-56%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

32nd percentile

-23%

Faster revenue growth than 32% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$4,700

Down $6,075 (-56%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$4,700

Down $6,075 (-56%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin26th percentile

Revenue

Down

$39,439

Down $11,740 (-23%) from 2023

Expenses

Down

$45,514

Down $13,093 (-22%) from 2023

Net Income

Up

-$6,075

Up $1,353 (+18%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$150K$100K$50K$0Assets 2012: $105,055Liabilities 2012: $02012Assets 2016: $2,533Liabilities 2016: $02016Assets 2018: $445Liabilities 2018: $0Net Assets 2018: $4452018Assets 2019: $50,117Net Assets 2019: $50,1172019Assets 2020: $28,340Net Assets 2020: $28,3402020Assets 2021: $27,126Net Assets 2021: $27,1262021Assets 2022: $18,203Net Assets 2022: $18,2032022Assets 2023: $10,775Net Assets 2023: $10,7752023Assets 2024: $4,700Net Assets 2024: $4,7002024

Highlighted filing

2024

Assets$4,700
Liabilities-
Net Assets$4,700
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

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

$150K$100K$50K$0-$50KRevenue 2012: $105,100Expenses 2012: $45Net Income 2012: $105,0552012Revenue 2016: $49,798Expenses 2016: $47,720Net Income 2016: $2,0782016Revenue 2018: $6,000Expenses 2018: $6,606Net Income 2018: -$6062018Revenue 2019: $66,819Expenses 2019: $17,147Net Income 2019: $49,6722019Revenue 2020: $19,008Expenses 2020: $40,785Net Income 2020: -$21,7772020Revenue 2021: $32,424Expenses 2021: $33,638Net Income 2021: -$1,2142021Revenue 2022: $32,466Expenses 2022: $41,389Net Income 2022: -$8,9232022Revenue 2023: $51,179Expenses 2023: $58,607Net Income 2023: -$7,4282023Revenue 2024: $39,439Expenses 2024: $45,514Net Income 2024: -$6,0752024

Highlighted filing

2024

Revenue$39,439
Expenses$45,514
Net Income-$6,075
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,700
Liabilities
-
Net assets
$4,700
Revenue
$39,439
Expenses
$45,514
Net income
-$6,075
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.39$0.46$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.11$0.11$0.51$0.59$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.32$0.41$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.27$0.32$0.34$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.28$0.19$0.41$0.22
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.50$0.67$0.17$0.50
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.06$0.07$0.01
2016Summary only. Only limited summary data is available for this year.$0.03$0.00$0.50$0.48$0.02
2012Summary only. Only limited summary data is available for this year.$1.05$0.00$1.05$0.00$1.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 30, 2025
Return Version
2024v5.2
Gross Receipts
$39,439
Mission and Program Overview

Mission

see line 28 below

Program Services

DescriptionGrantsExpenses
To promote, organize, participate, and encourage interestin the community within Bassett, Virginia. The Museum maintains andpreserves the heritage of the furniture industry for the surrounding area.$0$43,740
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert H Spilman JrPresident-$0--
John E Bassett IIIVice President-$0--
Edward H WhiteSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Henry County Furniture Museum Inc
EIN
52-1285110
Phone
2766296280
Address
P O Box 626, Bassett, VA 24055

Signing Officer

Name
Edward White
Title
Secretary/Treasurer
Phone
2766296280
Signed
2025-07-30
Discuss with paid preparer
Yes

Preparer

Firm
Mallard Mallard Cpas LLC
Address
1109 BROOKDALE ST STE B, MARTINSVILLE, VA 24112
Preparer
Brandon L Martin
Phone
2766325754
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Robert H. Spilman, Jr. and John E. Bassett, III are cousins.”

Pt VI, Line 11B

“The Treasurer reviews the Form 990 before it is signed and mailed.”

Form 990EZ, Part I, Line 8

“Rental income 11439.”

Form 990EZ, Part I, Line 16

“Insurance 7944.”

Form 990EZ, Part I, Line 16

“Refunds 2200.”

Form 990EZ, Part I, Line 16

“Supplies 408.”

Form 990EZ, Part I, Line 16

“Subscriptions 256.”

Form 990EZ, Part I, Line 16

“Depreciation 5011.”

Form 990EZ, Part I, Line 16

“Telephone and internet 1477.”

Form 990EZ, Part I, Line 16

“Square fees 297.”

Form 990EZ, Part II, Line 24

“Furniture”

Raw XML Appendix181 raw XML fields

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

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Edward White
IRS990EZ/BooksInCareOfDetail/PhoneNum02766296280
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O Box 626
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Bassett
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd024055
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt03258
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02194
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt028000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6075
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt018500
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt010775
IRS990EZ/Form990TotalAssetsGrp/EOYAmt04700
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt039439
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt010775
IRS990EZ/NetAssetsOrFundBalancesEOYAmt04700
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt010775
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt04700
IRS990EZ/OccupancyRentUtltsAndMaintAmt09421
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Robert H Spilman Jr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1John E Bassett III
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Edward H White
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07517
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02506
IRS990EZ/OtherExpensesTotalAmt017593
IRS990EZ/OtherRevenueTotalAmt011439
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0see line 28 below
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To promote, organize, participate, and encourage interestin the community within Bassett, Virginia. The Museum maintains andpreserves the heritage of the furniture industry for the surrounding area.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt043740
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt045514
IRS990EZ/TotalProgramServiceExpensesAmt043740
IRS990EZ/TotalRevenueAmt039439
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Rental income 2020: 4008. 2021: 12424. 2022: 15418. 2023: 30731. 2024: 11439.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt028000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt015000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt099878
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011439
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt030731
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt015418
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt012424
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04008
IRS990ScheduleA/OtherIncome170Grp/TotalAmt074020
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57430
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.68910
IRS990ScheduleA/PublicSupportTotal170Amt099878
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt028000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016430
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt015000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt099878
IRS990ScheduleA/TotalSupportAmt0173898
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Robert H. Spilman, Jr. and John E. Bassett, III are cousins.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Treasurer reviews the Form 990 before it is signed and mailed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rental income 11439.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance 7944.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Refunds 2200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Supplies 408.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Subscriptions 256.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Depreciation 5011.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Telephone and internet 1477.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Square fees 297.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Furniture
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 24
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Edward White
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02766296280
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Henry County Furniture Museum Inc
ReturnHeader/Filer/BusinessNameControlTxt0HENR
ReturnHeader/Filer/EIN0521285110
ReturnHeader/Filer/PhoneNum02766296280
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 626
ReturnHeader/Filer/USAddress/CityNm0Bassett
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024055
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010756964
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MALLARD MALLARD CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01109 BROOKDALE ST STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARTINSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024112
ReturnHeader/PreparerPersonGrp/PhoneNum02766325754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brandon L Martin
ReturnHeader/ReturnTs02025-08-07T06:17:42-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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