Civic Intelligence

Belle Grove Inc.

990 • Fiscal year 2025 • EIN 54-1047175

Jan 01, 2025 to Dec 31, 2025 • Filed on Mar 22, 2026

PO Box 537Middletown, VA 22645

(540) 869-2028

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.05x

Higher debt load relative to revenue than 26% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

32nd percentile

$88,157

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

48th percentile

3.6%

Faster asset growth than 48% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

2nd percentile

-68%

Faster revenue growth than 2% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$6,270,706

Up $218,237 (+3.6%) from 2024

Net Assets

Up

$6,225,982

Up $271,195 (+4.6%) from 2024

Liabilities

Down

$44,724

Down $52,958 (-54%) from 2024

Revenue

Down

$907,772

Down $1,921,478 (-68%) from 2024

Expenses

Down

$636,592

Down $171,762 (-21%) from 2024

Net Income

Down

$271,180

Down $1,749,716 (-87%) from 2024

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,202,251Liabilities 2011: $31,866Net Assets 2011: $1,170,3852011Assets 2012: $1,271,079Liabilities 2012: $68,596Net Assets 2012: $1,202,4832012Assets 2013: $1,327,877Liabilities 2013: $64,877Net Assets 2013: $1,263,0002013Assets 2014: $1,348,741Liabilities 2014: $42,317Net Assets 2014: $1,306,4242014Assets 2015: $1,332,311Liabilities 2015: $46,430Net Assets 2015: $1,285,8812015Assets 2016: $1,425,146Liabilities 2016: $70,470Net Assets 2016: $1,354,6762016Assets 2017: $1,269,920Liabilities 2017: $91,714Net Assets 2017: $1,178,2062017Assets 2018: $2,322,044Liabilities 2018: $89,602Net Assets 2018: $2,232,4422018Assets 2019: $2,369,657Liabilities 2019: $97,795Net Assets 2019: $2,271,8622019Assets 2020: $2,372,505Liabilities 2020: $47,304Net Assets 2020: $2,325,2012020Assets 2021: $3,411,153Liabilities 2021: $36,735Net Assets 2021: $3,374,4182021Assets 2022: $3,455,833Liabilities 2022: $71,005Net Assets 2022: $3,384,8282022Assets 2023: $3,968,281Liabilities 2023: $34,390Net Assets 2023: $3,933,8912023Assets 2024: $6,052,469Liabilities 2024: $97,682Net Assets 2024: $5,954,7872024Assets 2025: $6,270,706Liabilities 2025: $44,724Net Assets 2025: $6,225,9822025

Highlighted filing

2025

Assets$6,270,706
Liabilities$44,724
Net Assets$6,225,982

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $101,717Expenses 2011: $138,823Net Income 2011: -$37,1062011Expenses 2012: $433,2902012Revenue 2013: $492,397Expenses 2013: $407,145Net Income 2013: $85,2522013Revenue 2014: $419,555Expenses 2014: $410,483Net Income 2014: $9,0722014Revenue 2015: $326,356Expenses 2015: $386,086Net Income 2015: -$59,7302015Revenue 2016: $613,064Expenses 2016: $560,583Net Income 2016: $52,4812016Revenue 2017: $416,795Expenses 2017: $537,921Net Income 2017: -$121,1262017Revenue 2018: $1,514,327Expenses 2018: $460,191Net Income 2018: $1,054,1362018Revenue 2019: $531,032Expenses 2019: $491,609Net Income 2019: $39,4232019Revenue 2020: $522,790Expenses 2020: $469,726Net Income 2020: $53,0642020Revenue 2021: $1,544,590Expenses 2021: $495,374Net Income 2021: $1,049,2162021Revenue 2022: $576,318Expenses 2022: $565,768Net Income 2022: $10,5502022Revenue 2023: $1,210,912Expenses 2023: $663,250Net Income 2023: $547,6622023Revenue 2024: $2,829,250Expenses 2024: $808,354Net Income 2024: $2,020,8962024Revenue 2025: $907,772Expenses 2025: $636,592Net Income 2025: $271,1802025

Highlighted filing

2025

Revenue$907,772
Expenses$636,592
Net Income$271,180
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 22, 2026
Return Version
2025v4.1
Gross Receipts
$907,772
Mission and Program Overview

Mission

To maintain historic property of belle grove inc for the educational use of the general public

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,574,959$3,952,957▲ $377,998
Land, Buildings, and Equipment, Net$1,398,611$1,384,790▼ $13,821
Savings and Temporary Cash Investments$539,952$464,806▼ $75,146
Cash and Non-Interest-Bearing Accounts$159,659$84,455▼ $75,204
Inventories for Sale or Use$33,040$37,450▲ $4,410
Prepaid Expenses and Deferred Charges$1,860$1,860→ $0
Total Assets$6,052,469$6,270,706▲ $218,237
Other Assets Total$344,388$344,388→ $0
Liabilities
Accounts Payable and Accrued Expenses$97,682$44,724▼ $52,958
Total Liabilities$97,682$44,724▼ $52,958
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,414,835$5,761,176▲ $346,341
Net Assets With Donor Restrictions$539,952$464,806▼ $75,146
Total Net Assets Fund Balance$5,954,787$6,225,982▲ $271,195
Total Liabilities and Net Assets / Fund Balance$6,052,469$6,270,706▲ $218,237

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$43,822$398,674$442,496
Buildings$1,041,825$583,744$366,917
Equipment$78,143$175,070$253,213
Land$221,000-$221,000
Investment Program Related Org$3,952,957--
Other Assets Org$344,388--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$3,574,959$14,600▲ $363,399-$3,952,958
2024$1,384,197$2,026,200▲ $164,562-$3,574,959
2023$712,100$584,530▲ $87,567-$1,384,197
2022$570,912$227,500▼ $86,312-$712,100
2021$300,383$221,308▲ $49,221-$570,912
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristen LaiseExecutive DirectorFT$88,157$88,157

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$323,232
Program Service Revenue
$126,265
Investment Income
$0
Other Revenue
$458,275
All Other Contributions
$301,422
Change in Net Assets
$271,180

Audited Revenue Reconciliation

Revenue per Audited Statements
$907,772
Total Revenue per Audited Statements
$907,772
Total Revenue per Form 990
$907,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,961
Salaries, Compensation, and Employee Benefits$313,631
Total Fundraising Expense$2,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$187,730$73,006-$260,736
Occupancy$115,905$45,074-$160,979
Depreciation Depletion$50,378--$50,378
Other Employee Benefits$24,052$9,353-$33,405
Insurance-$23,663-$23,663
Other Expenses$22,221$2,252-$22,221
Payroll Taxes$14,033$5,457-$19,490
All Other Expenses$7,366$10,035-$17,401
Fees for Services Accounting-$15,063-$15,063
Advertising$8,812$902$2,571$12,285
Information Technology-$10,870-$10,870
Conferences and Meetings$3,731$1,451-$5,182
Travel$1,345--$1,345
Office Expenses$952$370-$1,322
Total Functional Expenses$436,525$197,496$2,571$636,592

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$636,593
Total Expenses per Audited Statements$636,593
Total Expenses per Form 990$636,593
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

Form 990 was submitted to the president and the finance committee prior to filing

Officer director etc mailing address Part VI line 9

Members receive discounted amounts on events to the organizations but have no voting privileges on policy etc

Conflict of interest policy compliance Part VI line 12C

Organization has regular board meetings to monitor compliance with its conflict of interest policy and any non compliance is fully discussed and addressed.

CEO executive director top management comp Part VI line 15A

The president and key personnel salaries are approved by the board prior to being awarded

Other officer or key employee compensation Part VI line 15B

All key personnel compensation is approved by the board

Governing documents etc available to public Part VI line 19

Governing documents are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Belle Grove Inc
EIN
54-1047175
In Care Of
% KRISTEN LAISE
Phone
5408692028
Address
PO BOX 537, MIDDLETOWN, VA 22645

Signing Officer

Name
Kristen Laise
Title
Executive Director
Phone
5405355860
Signed
2026-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Laise
Formed
1940
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
18
Employees
9

Preparer

Firm
Accounting Associates
Address
11403 Patriot Ln, Potomac, MD 20854
Preparer
Michael Wu
Phone
3015007027
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

PRIOR PERIOD ADJUSTMENT

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.27$0.04$6.23$0.91$0.64$0.27
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.05$0.10$5.95$2.83$0.81$2.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.03$3.93$1.21$0.66$0.55
2022Detailed filing. Detailed filing data is available for this year.$3.46$0.07$3.38$0.58$0.57$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.41$0.04$3.37$1.54$0.50$1.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.05$2.33$0.52$0.47$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.10$2.27$0.53$0.49$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.09$2.23$1.51$0.46$1.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.09$1.18$0.42$0.54$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.07$1.35$0.61$0.56$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.05$1.29$0.33$0.39$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.04$1.31$0.42$0.41$0.01
2013Summary only. Only limited summary data is available for this year.$1.33$0.06$1.26$0.49$0.41$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.07$1.20$0.43
2011Summary only. Only limited summary data is available for this year.$1.20$0.03$1.17$0.10$0.14$0.04