Civic Intelligence

Patrick Henry Memorial Foundation Inc

990 • Fiscal year 2018 • EIN 54-0662892

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 26, 2018

Organization ProfileWWW.REDHILL.ORG
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

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.14x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

75th percentile

10%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

44%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$12,811,859

Up $1,216,601 (+10%) from 2017

Net Assets

Up

$12,619,898

Up $1,061,356 (+9.2%) from 2017

Liabilities

Up

$191,961

Up $155,245 (+423%) from 2017

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin87th percentile

Revenue

Up

$1,356,197

Up $416,860 (+44%) from 2017

Expenses

Down

$818,555

Down $61,090 (-6.9%) from 2017

Net Income

Up

$537,642

Up $477,950 (+801%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

2018

Assets$12,811,859
Liabilities$191,961
Net Assets$12,619,898
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

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

2018

Revenue$1,356,197
Expenses$818,555
Net Income$537,642
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 26, 2018
Return Version
2017v2.3
Gross Receipts
$1,384,341
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$1,824,941$1,869,763▲ $44,822
Investments in Publicly Traded Securities$1,123,862$1,190,495▲ $66,633
Cash and Non-Interest-Bearing Accounts$1,068,036$732,750▼ $335,286
Pledges and Grants Receivable-$327,817-
Inventories for Sale or Use$64,906$61,852▼ $3,054
Prepaid Expenses and Deferred Charges$1,715$1,339▼ $376
Accounts Receivable$85$586▲ $501
Total Assets$11,595,258$12,811,859▲ $1,216,601
Other Assets Total$7,511,713$8,627,257▲ $1,115,544
Liabilities
Unsecured Notes Loans Payable-$175,000-
Mortgage Notes Payable Secured by Investment Property$22,205$12,880▼ $9,325
Accounts Payable and Accrued Expenses$14,356$3,947▼ $10,409
Other Liabilities$155$134▼ $21
Total Liabilities$36,716$191,961▲ $155,245
Net Assets / Fund Balance
Permanently Rstr Net Assets$6,979,814$7,315,227▲ $335,413
Unrestricted Net Assets$2,390,694$3,095,312▲ $704,618
Temporarily Rstr Net Assets$2,188,034$2,209,359▲ $21,325
Total Net Assets Fund Balance$11,558,542$12,619,898▲ $1,061,356
Total Liabilities and Net Assets / Fund Balance$11,595,258$12,811,859▲ $1,216,601

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,247,131$1,023,094$2,270,225
Land$500,413-$500,413
Other Land Buildings$122,219$265,066$387,285
Other Assets Org$403,815--
Compensation and Service Providers
Top Officer Pay12th percentile

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
$1,126,026
Program Service Revenue
$14,066
Investment Income
$193,769
Other Revenue
$22,336
All Other Contributions
$726,026
Change in Net Assets
$537,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,292,106
Revenue Not Reported on Financial Statements
$64,091
Revenue Not Reported on Form 990
$551,858
Total Revenue per Audited Statements
$1,843,964
Total Revenue per Form 990
$1,356,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$540,652
Salaries, Compensation, and Employee Benefits$277,903
Total Fundraising Expense$102,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,517$87,140$30,331$245,988
Depreciation Depletion$98,869--$98,869
Fees for Services Management-$91,567-$91,567
Fees for Service Investment Mgmnt Fees$64,091--$64,091
Advertising--$58,483$58,483
Office Expenses$16,396$21,857-$38,253
All Other Expenses$20,768--$20,768
Payroll Taxes$18,911--$18,911
Fees for Services Accounting-$16,330-$16,330
Insurance-$15,017-$15,017
Occupancy--$13,580$13,580
Other Expenses$9,397--$9,397
Pension Plan Contributions$8,359--$8,359
Conferences and Meetings-$7,455-$7,455
Other Employee Benefits$4,645--$4,645
Interest$2,114--$2,114
Total Functional Expenses$476,795$239,366$102,394$818,555

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$818,555
Total Expenses per Audited Statements$782,608
Expenses per Audited Statements$754,464
Expenses Not Reported on Financial Statements$64,091
Expenses Not Reported on Form 990$28,144
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$134
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
2018-09-26
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

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 28,144 cost of goods sold deducted from revenues -28,144”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation follows professional standards in accounting for income taxes. Under these standards, an organization must recognize the tax benefit associated with tax taken for tax return purposes when it is more likely than not the position will be sustained. The implementation of these standards had no impact on the foundation's financial statements. The foundation's income tax filings are subject to audit by various taxing authorities. Open audit periods include its years ending june 30, 2015 through 2018. In evaluating the foundation's revenue sources, foundation management does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. For the year ended june 30, 2018, there were no interest or penalties recorded in the foundation's financial statements.”

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

“Cost of goods sold deducted from revenues 28,144”

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

“Cost of goods sold deducted from revenues 28,144”

Raw XML AppendixShowing 400 of 425 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt014356
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03947
IRS990/AccountsReceivableGrp/BOYAmt085
IRS990/AccountsReceivableGrp/EOYAmt0586
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/FundraisingAmt058483
IRS990/AdvertisingGrp/TotalAmt058483
IRS990/AllOtherContributionsAmt0726026
IRS990/AllOtherExpensesGrp/ProgramServicesAmt020768
IRS990/AllOtherExpensesGrp/TotalAmt020768
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0HOPE MARSTIN
IRS990/BooksInCareOfDetail/PhoneNum04343762044
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01250 RED HILL ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKNEAL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd024528
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01068036
IRS990/CashNonInterestBearingGrp/EOYAmt0732750
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0true
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt07455
IRS990/ConferencesMeetingsGrp/TotalAmt07455
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt028144
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01126026
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0193769
IRS990/CYOtherExpensesAmt0540652
IRS990/CYOtherRevenueAmt022336
IRS990/CYProgramServiceRevenueAmt014066
IRS990/CYRevenuesLessExpensesAmt0537642
IRS990/CYSalariesCompEmpBnftPaidAmt0277903
IRS990/CYTotalExpensesAmt0818555
IRS990/CYTotalFundraisingExpenseAmt0102394
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01356197
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt098869
IRS990/DepreciationDepletionGrp/TotalAmt098869
IRS990/Desc0THE FOUNDATION MAINTAINS AND INTERPRETS RED HILL, PATRICK HENRY'S LAST HOME AND BURIAL PLACE, AS A HISTORICAL SITE AND MUSEUM.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0476795
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016330
IRS990/FeesForServicesAccountingGrp/TotalAmt016330
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt091567
IRS990/FeesForServicesManagementGrp/TotalAmt091567
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt064091
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt064091
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK HOLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1GENE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2WALTER M CART JR
IRS990/Form990PartVIISectionAGrp/PersonNm3JOYCE MCDOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT SEXTON
IRS990/Form990PartVIISectionAGrp/PersonNm5JEAN ELLIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm6DR JACK SCHAFFER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR - C
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR - V
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01944
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0400000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01384341
IRS990/GrossSalesOfInventoryAmt044275
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015017
IRS990/InsuranceGrp/TotalAmt015017
IRS990/InterestGrp/ProgramServicesAmt02114
IRS990/InterestGrp/TotalAmt02114
IRS990/InventoriesForSaleOrUseGrp/BOYAmt064906
IRS990/InventoriesForSaleOrUseGrp/EOYAmt061852
IRS990/InvestmentIncomeGrp/ExclusionAmt0193769
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0193769
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01123862
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01190495
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01288160
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01824941
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01869763
IRS990/LandBldgEquipCostOrOtherBssAmt03157923
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt022205
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012880
IRS990/NetAssetsOrFundBalancesBOYAmt011558542
IRS990/NetAssetsOrFundBalancesEOYAmt012619898
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt016131
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt016131
IRS990/NetUnrlzdGainsLossesInvstAmt0523714
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt013580
IRS990/OccupancyGrp/TotalAmt013580
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021857
IRS990/OfficeExpensesGrp/ProgramServicesAmt016396
IRS990/OfficeExpensesGrp/TotalAmt038253
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07511713
IRS990/OtherAssetsTotalGrp/EOYAmt08627257
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04645
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04645
IRS990/OtherExpensesGrp/Desc0REENACTMENTS AND LECTURES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2AUXILIARY
IRS990/OtherExpensesGrp/Desc3ELECTRICITY
IRS990/OtherExpensesGrp/ProgramServicesAmt066201
IRS990/OtherExpensesGrp/ProgramServicesAmt126249
IRS990/OtherExpensesGrp/ProgramServicesAmt212278
IRS990/OtherExpensesGrp/ProgramServicesAmt39397
IRS990/OtherExpensesGrp/TotalAmt066201
IRS990/OtherExpensesGrp/TotalAmt126249
IRS990/OtherExpensesGrp/TotalAmt212278
IRS990/OtherExpensesGrp/TotalAmt39397
IRS990/OtherLiabilitiesGrp/BOYAmt0155
IRS990/OtherLiabilitiesGrp/EOYAmt0134
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt06205
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06205
IRS990/OtherRevenueTotalAmt06205
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt030331
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087140
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0128517
IRS990/OtherSalariesAndWagesGrp/TotalAmt0245988
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt018911
IRS990/PayrollTaxesGrp/TotalAmt018911
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08359
IRS990/PensionPlanContributionsGrp/TotalAmt08359
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt06979814
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt07315227
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0327817
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01715
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01339
IRS990/PrincipalOfficerNm0MARK HOLMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSONS AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014066
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014066
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0239052
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0661007
IRS990/PYOtherExpensesAmt0504374
IRS990/PYOtherRevenueAmt024025
IRS990/PYProgramServiceRevenueAmt015253
IRS990/PYRevenuesLessExpensesAmt059692
IRS990/PYSalariesCompEmpBnftPaidAmt0375271
IRS990/PYTotalExpensesAmt0879645
IRS990/PYTotalRevenueAmt0939337
IRS990/ReconcilationRevenueExpnssAmt0537642
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01126026
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0239052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0304053
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01135857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0424389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03229377
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0193769
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0661007
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0158743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0164987
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0154378
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01332884
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt058341
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70250
IRS990ScheduleA/PublicSupportPY170Pct00.71160
IRS990ScheduleA/PublicSupportTotal170Amt03229377
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01126026
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0239052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0304053
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01135857
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0424389
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03229377
IRS990ScheduleA/TotalSupportAmt04596672
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt05205
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt07364
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt07468
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt06738
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt07636
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt034411
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01247131
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01023094
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02270225
IRS990ScheduleD/ExpensesNotReportedAmt028144
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt064091
IRS990ScheduleD/ExpensesSubtotalAmt0754464
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt064091
IRS990ScheduleD/InvestmentExpensesNotIncldAmt064091
IRS990ScheduleD/LandGrp/BookValueAmt0500413
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0500413
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0523714
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07315227
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1908215
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2403815
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST PERPETUAL TRST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2COLLECTION OF ARTIFACTS
IRS990ScheduleD/OtherExpensesIncludedAmt028144
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0122219
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0265066
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0387285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0134
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES ACCRUED AND WITHHELD
IRS990ScheduleD/OtherRevenueAmt028144
IRS990ScheduleD/RevenueNotReportedAmt0551858
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt064091
IRS990ScheduleD/RevenueSubtotalAmt01292106
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS PROFESSIONAL STANDARDS IN ACCOUNTING FOR INCOME TAXES. UNDER THESE STANDARDS, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION OF THESE STANDARDS HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS INCLUDE ITS YEARS ENDING JUNE 30, 2015 THROUGH 2018. IN EVALUATING THE FOUNDATION'S REVENUE SOURCES, FOUNDATION MANAGEMENT DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEAR ENDED JUNE 30, 2018, THERE WERE NO INTEREST OR PENALTIES RECORDED IN THE FOUNDATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD DEDUCTED FROM REVENUES 28,144
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD DEDUCTED FROM REVENUES 28,144
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01869763
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08627257
IRS990ScheduleD/TotalExpensesPerForm990Amt0818555
IRS990ScheduleD/TotalLiabilityAmt0134
IRS990ScheduleD/TotalRevenuePerForm990Amt01356197
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01843964
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0782608
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 28,144 COST OF GOODS SOLD DEDUCTED FROM REVENUES -28,144
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02188034
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02209359
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011595258
IRS990/TotalAssetsEOYAmt012811859
IRS990/TotalAssetsGrp/BOYAmt011595258
IRS990/TotalAssetsGrp/EOYAmt012811859
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01126026
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0102394
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0239366
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0476795
IRS990/TotalFunctionalExpensesGrp/TotalAmt0818555
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036716
IRS990/TotalLiabilitiesEOYAmt0191961
IRS990/TotalLiabilitiesGrp/BOYAmt036716
IRS990/TotalLiabilitiesGrp/EOYAmt0191961
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011558542
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012619898
IRS990/TotalProgramServiceExpensesAmt0476795
IRS990/TotalProgramServiceRevenueAmt014066
IRS990/TotalRevenueGrp/ExclusionAmt0199974
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030197
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01356197
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011595258
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012811859
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02390694
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03095312
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0175000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01250 RED HILL ROAD
IRS990/USAddress/CityNm0BROOKNEAL
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024528
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.REDHILL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK HOLMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR - CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04343762044
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATRICK HENRY MEMORIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PATR
ReturnHeader/Filer/EIN0540662892
ReturnHeader/Filer/PhoneNum04343762044

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,811,859
Liabilities
$191,961
Net assets
$12,619,898
Revenue
$1,356,197
Expenses
$818,555
Net income
$537,642
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