Civic Intelligence

Patrick Henry Memorial Foundation Inc

990 • Fiscal year 2017 • EIN 54-0662892

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 09, 2017

1250 Red Hill RoadBrookneal, VA 24528

(434) 376-2044

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.04x

Higher debt load relative to revenue than 14% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

61st percentile

6.4%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

41st percentile

2.3%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$11,595,258

Up $265,783 (+2.3%) from 2016

Net Assets

Up

$11,558,542

Up $279,775 (+2.5%) from 2016

Liabilities

Down

$36,716

Down $13,992 (-28%) from 2016

Revenue

Up

$939,337

Up $196,887 (+27%) from 2016

Expenses

Up

$879,645

Up $149,943 (+21%) from 2016

Net Income

Up

$59,692

Up $46,944 (+368%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $7,319,579Liabilities 2010: $9,871Net Assets 2010: $7,309,7082010Assets 2011: $8,018,220Liabilities 2011: $39,447Net Assets 2011: $7,978,7732011Assets 2012: $7,963,428Liabilities 2012: $36,211Net Assets 2012: $7,927,2172012Assets 2013: $9,402,307Liabilities 2013: $27,946Net Assets 2013: $9,374,3612013Assets 2014: $10,494,946Liabilities 2014: $13,302Net Assets 2014: $10,481,6442014Assets 2015: $11,542,290Liabilities 2015: $19,566Net Assets 2015: $11,522,7242015Assets 2016: $11,329,475Liabilities 2016: $50,708Net Assets 2016: $11,278,7672016Assets 2017: $11,595,258Liabilities 2017: $36,716Net Assets 2017: $11,558,5422017Assets 2018: $12,811,859Liabilities 2018: $191,961Net Assets 2018: $12,619,8982018Assets 2019: $13,029,037Liabilities 2019: $58,823Net Assets 2019: $12,970,2142019Assets 2020: $14,748,383Liabilities 2020: $109,802Net Assets 2020: $14,638,5812020Assets 2021: $16,994,104Liabilities 2021: $98,454Net Assets 2021: $16,895,6502021Assets 2022: $15,338,378Liabilities 2022: $36,520Net Assets 2022: $15,301,8582022Assets 2023: $15,886,177Liabilities 2023: $81,110Net Assets 2023: $15,805,0672023Assets 2024: $17,397,316Liabilities 2024: $51,719Net Assets 2024: $17,345,5972024Assets 2025: $18,643,564Liabilities 2025: $23,137Net Assets 2025: $18,620,4272025

Highlighted filing

2017

Assets$11,595,258
Liabilities$36,716
Net Assets$11,558,542

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $398,8062010Revenue 2011: $387,214Expenses 2011: $403,957Net Income 2011: -$16,7432011Expenses 2012: $499,6592012Expenses 2013: $500,1162013Revenue 2014: $829,182Expenses 2014: $557,193Net Income 2014: $271,9892014Revenue 2015: $1,476,739Expenses 2015: $540,089Net Income 2015: $936,6502015Revenue 2016: $742,450Expenses 2016: $729,702Net Income 2016: $12,7482016Revenue 2017: $939,337Expenses 2017: $879,645Net Income 2017: $59,6922017Revenue 2018: $1,356,197Expenses 2018: $818,555Net Income 2018: $537,6422018Revenue 2019: $993,263Expenses 2019: $847,241Net Income 2019: $146,0222019Revenue 2020: $2,508,785Expenses 2020: $1,031,374Net Income 2020: $1,477,4112020Revenue 2021: $1,124,854Expenses 2021: $1,100,739Net Income 2021: $24,1152021Revenue 2022: $1,385,392Expenses 2022: $1,269,997Net Income 2022: $115,3952022Revenue 2023: $1,009,175Expenses 2023: $1,352,794Net Income 2023: -$343,6192023Revenue 2024: $2,907,927Expenses 2024: $3,303,541Net Income 2024: -$395,6142024Revenue 2025: $1,964,136Expenses 2025: $1,634,486Net Income 2025: $329,6502025

Highlighted filing

2017

Revenue$939,337
Expenses$879,645
Net Income$59,692
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 9, 2017
Return Version
2016v3.0
Gross Receipts
$962,384
Mission and Program Overview

Mission

The patrick henry memorial foundation possesses the largest collection of patrick henry artifacts and memorabilia in the nation. The purpose of this collection is to aid in educating the public about the life, times, philosophy, and contributions to posterity of patrick henry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,868,731$1,824,941▼ $43,790
Investments in Publicly Traded Securities$1,108,895$1,123,862▲ $14,967
Cash and Non-Interest-Bearing Accounts$785,059$1,068,036▲ $282,977
Savings and Temporary Cash Investments$523,073--
Inventories for Sale or Use$64,184$64,906▲ $722
Prepaid Expenses and Deferred Charges$2,770$1,715▼ $1,055
Accounts Receivable$685$85▼ $600
Total Assets$11,329,475$11,595,258▲ $265,783
Other Assets Total$6,976,078$7,511,713▲ $535,635
Liabilities
Mortgage Notes Payable Secured by Investment Property$28,269$22,205▼ $6,064
Accounts Payable and Accrued Expenses$22,338$14,356▼ $7,982
Other Liabilities$101$155▲ $54
Total Liabilities$50,708$36,716▼ $13,992
Net Assets / Fund Balance
Permanently Rstr Net Assets$6,493,483$6,979,814▲ $486,331
Unrestricted Net Assets$2,458,214$2,390,694▼ $67,520
Temporarily Rstr Net Assets$2,327,070$2,188,034▼ $139,036
Total Net Assets Fund Balance$11,278,767$11,558,542▲ $279,775
Total Liabilities and Net Assets / Fund Balance$11,329,475$11,595,258▲ $265,783

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,307,696$961,929$2,269,625
Other Land Buildings$147,370$227,366$374,736
Land$369,875-$369,875
Other Assets Org$132,566--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Jack SchafferDirector
Jean ElliottDirector
Joyce McdowellDirector
Robert SextonDirector
Walter M Cart JrDirector
Mark HolmanDirector - C
Gene SmithDirector - V
Revenue and Support

Revenue Composition

Contributions and Grants
$239,052
Program Service Revenue
$15,253
Investment Income
$661,007
Other Revenue
$24,025
All Other Contributions
$239,052
Change in Net Assets
$59,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$877,231
Revenue Not Reported on Financial Statements
$62,106
Revenue Not Reported on Form 990
$243,130
Total Revenue per Audited Statements
$1,120,361
Total Revenue per Form 990
$939,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$504,374
Salaries, Compensation, and Employee Benefits$375,271
Total Fundraising Expense$56,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,460--$315,460
Depreciation Depletion$93,976--$93,976
Fees for Service Investment Mgmnt Fees$62,106--$62,106
Advertising--$56,686$56,686
All Other Expenses$41,156--$41,156
Conferences and Meetings-$40,027-$40,027
Office Expenses$10,061$16,892-$26,953
Payroll Taxes$24,141--$24,141
Other Employee Benefits$20,372--$20,372
Pension Plan Contributions$15,298--$15,298
Insurance-$14,866-$14,866
Fees for Services Accounting-$12,875-$12,875
Other Expenses$8,188--$8,188
Total Functional Expenses$738,299$84,660$56,686$879,645

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$879,645
Total Expenses per Audited Statements$840,586
Expenses per Audited Statements$817,539
Expenses Not Reported on Financial Statements$62,106
Expenses Not Reported on Form 990$23,047
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
Payroll Taxes Accrued and Withheld$155
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

A draft copy of the form 990 is provided to the board members prior to filing. Board members are given a period of time to comment or suggest changes to the draft before filing. The board president also reviews the form 990 prior to signing.

Form 990, Page 6, Part VI, Line 15A

The chief executive officer's compensation is determined by approval from the board of directors and is included in the minutes.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Patrick Henry Memorial
EIN
54-0662892
Phone
4343762044
Address
1250 RED HILL ROAD, BROOKNEAL, VA 24528

Signing Officer

Name
Mark Holman
Title
Director - Chairman
Phone
4343762044
Signed
2017-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Holman
Formed
1944
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
50

Preparer

Firm
Brockman Drinkard & Pennington Pc
Address
104 ARCHWAY COURT, LYNCHBURG, VA 24502
Preparer
Timothy a Blanks
Phone
4348468458
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The patrick henry memorial foundation possesses the largest collection of patrick henry artifacts and memorabilia in the nation. The purpose of this collection is to aid in educating the public about the life, times, philosophy, and contributions to posterity of patrick henry.

Form 990, Part XI, Line 9

Cost of goods sold deducted from revenues 23,047 cost of goods sold deducted from revenues -23,047

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Cost of goods sold deducted from revenues 23,047

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold deducted from revenues 23,047

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2132566
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST PERPETUAL TRST
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CONSTRUCTION IN PROGRESS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD DEDUCTED FROM REVENUES 23,047
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD DEDUCTED FROM REVENUES 23,047
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PATRICK HENRY MEMORIAL FOUNDATION POSSESSES THE LARGEST COLLECTION OF PATRICK HENRY ARTIFACTS AND MEMORABILIA IN THE NATION. THE PURPOSE OF THIS COLLECTION IS TO AID IN EDUCATING THE PUBLIC ABOUT THE LIFE, TIMES, PHILOSOPHY, AND CONTRIBUTIONS TO POSTERITY OF PATRICK HENRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING. BOARD MEMBERS ARE GIVEN A PERIOD OF TIME TO COMMENT OR SUGGEST CHANGES TO THE DRAFT BEFORE FILING. THE BOARD PRESIDENT ALSO REVIEWS THE FORM 990 PRIOR TO SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY APPROVAL FROM THE BOARD OF DIRECTORS AND IS INCLUDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COST OF GOODS SOLD DEDUCTED FROM REVENUES 23,047 COST OF GOODS SOLD DEDUCTED FROM REVENUES -23,047
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01250 RED HILL ROAD
IRS990/USAddress/CityNm0BROOKNEAL
IRS990/USAddress/StateAbbreviationCd0VA
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IRS990/WebsiteAddressTxt0WWW.REDHILL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK HOLMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR - CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04343762044
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATRICK HENRY MEMORIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PATR
ReturnHeader/Filer/EIN0540662892
ReturnHeader/Filer/PhoneNum04343762044
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.6$0.02$18.6$1.96$1.63$0.33
2024Detailed filing. Detailed filing data is available for this year.$17.4$0.05$17.3$2.91$3.30$0.40
2023Detailed filing. Detailed filing data is available for this year.$15.9$0.08$15.8$1.01$1.35$0.34
2022Detailed filing. Detailed filing data is available for this year.$15.3$0.04$15.3$1.39$1.27$0.12
2021Detailed filing. Detailed filing data is available for this year.$17.0$0.10$16.9$1.12$1.10$0.02
2020Detailed filing. Detailed filing data is available for this year.$14.7$0.11$14.6$2.51$1.03$1.48
2019Detailed filing. Detailed filing data is available for this year.$13.0$0.06$13.0$0.99$0.85$0.15
2018Detailed filing. Detailed filing data is available for this year.$12.8$0.19$12.6$1.36$0.82$0.54
2017Detailed filing. Detailed filing data is available for this year.$11.6$0.04$11.6$0.94$0.88$0.06
2016Detailed filing. Detailed filing data is available for this year.$11.3$0.05$11.3$0.74$0.73$0.01
2015Detailed filing. Detailed filing data is available for this year.$11.5$0.02$11.5$1.48$0.54$0.94
2014Detailed filing. Detailed filing data is available for this year.$10.5$0.01$10.5$0.83$0.56$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.40$0.03$9.37$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.96$0.04$7.93$0.50
2011Summary only. Only limited summary data is available for this year.$8.02$0.04$7.98$0.39$0.40$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.32$0.01$7.31$0.40