Civic Intelligence

The Avenel Foundation Inc

EIN 54-1345184 • 501(c)3 • Bedford, VA

Profile

The organization's mission is to rescue, restore, preserve and protect historic avenel, a bedford legacy, and to make this unique landmark available for educational, social, business and other community uses.

PO Box 686Bedford, VA 24523

www.historicavenel.com

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

470%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,390,055

Up $236,857 (+21%) from 2023

Liabilities

Up

$5,316

Up $5,316 from 2023

Net Assets

Up

$1,384,739

Up $231,541 (+20%) from 2023

Revenue

Up

$433,664

Up $357,519 (+470%) from 2023

Expenses

Up

$57,096

Up $4,049 (+7.6%) from 2023

Net Income

Up

$376,568

Up $353,470 (+1530%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $422,345Liabilities 2011: $160Net Assets 2011: $422,1852011Assets 2012: $425,961Liabilities 2012: $15,773Net Assets 2012: $410,1882012Assets 2013: $922,157Liabilities 2013: $2,000Net Assets 2013: $920,1572013Assets 2014: $919,550Liabilities 2014: $1,450Net Assets 2014: $918,1002014Assets 2015: $893,823Liabilities 2015: $6,590Net Assets 2015: $887,2332015Assets 2016: $928,524Liabilities 2016: $10,475Net Assets 2016: $918,0492016Assets 2017: $963,021Liabilities 2017: $3,681Net Assets 2017: $959,3402017Assets 2018: $962,607Liabilities 2018: $1,180Net Assets 2018: $961,4272018Assets 2019: $993,240Liabilities 2019: $1,625Net Assets 2019: $991,6152019Assets 2020: $1,024,780Liabilities 2020: $6,508Net Assets 2020: $1,018,2722020Assets 2021: $1,093,261Liabilities 2021: $400Net Assets 2021: $1,092,8612021Assets 2022: $1,102,172Liabilities 2022: $600Net Assets 2022: $1,101,5722022Assets 2023: $1,153,198Liabilities 2023: $0Net Assets 2023: $1,153,1982023Assets 2024: $1,390,055Liabilities 2024: $5,316Net Assets 2024: $1,384,7392024

Highlighted filing

2024

Assets$1,390,055
Liabilities$5,316
Net Assets$1,384,739

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $52,825Expenses 2011: $32,475Net Income 2011: $20,3502011Revenue 2012: $24,565Expenses 2012: $36,562Net Income 2012: -$11,9972012Revenue 2013: $551,507Expenses 2013: $41,539Net Income 2013: $509,9682013Revenue 2014: $91,298Expenses 2014: $76,267Net Income 2014: $15,0312014Revenue 2015: $58,284Expenses 2015: $89,151Net Income 2015: -$30,8672015Revenue 2016: $235,832Expenses 2016: $204,991Net Income 2016: $30,8412016Revenue 2017: $48,130Expenses 2017: $47,714Net Income 2017: $4162017Revenue 2018: $51,985Expenses 2018: $43,606Net Income 2018: $8,3792018Revenue 2019: $105,267Expenses 2019: $99,106Net Income 2019: $6,1612019Revenue 2020: $77,664Expenses 2020: $51,007Net Income 2020: $26,6572020Revenue 2021: $159,247Expenses 2021: $50,694Net Income 2021: $108,5532021Revenue 2022: $144,343Expenses 2022: $45,379Net Income 2022: $98,9642022Revenue 2023: $76,145Expenses 2023: $53,047Net Income 2023: $23,0982023Revenue 2024: $433,664Expenses 2024: $57,096Net Income 2024: $376,5682024

Highlighted filing

2024

Revenue$433,664
Expenses$57,096
Net Income$376,568

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.39$0.01$1.38$0.43$0.06$0.38
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.08$0.05$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.14$0.05$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.16$0.05$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.01$1.02$0.08$0.05$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.11$0.10$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.05$0.04$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.05$0.05$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.01$0.92$0.24$0.20$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.89$0.06$0.09$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.09$0.08$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.55$0.04$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.02$0.41$0.02$0.04$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$0.05$0.03$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.0
Gross Receipts
$500,725
Mission and Program Overview

Mission

The organizations mission is to rescue, restore, preserve and protect historic avenel, a bedford legacy, and to make this unique landmark available for educational, social, business and other appropriate community uses.

The organization's mission is to rescue, restore, preserve and protect historic avenel, a bedford legacy, and to make this unique landmark available for educational, social, business and other community uses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$551,613$894,317▲ $342,704
Land, Buildings, and Equipment, Net$593,725$485,635▼ $108,090
Cash and Non-Interest-Bearing Accounts$7,214$9,457▲ $2,243
Prepaid Expenses and Deferred Charges$646$646→ $0
Total Assets$1,153,198$1,390,055▲ $236,857
Liabilities
Other Liabilities-$5,316-
Total Liabilities$0$5,316▲ $5,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,153,198$1,384,739▲ $231,541
Total Net Assets Fund Balance$1,153,198$1,384,739▲ $231,541
Total Liabilities and Net Assets / Fund Balance$1,153,198$1,390,055▲ $236,857

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$348,932-$348,932
Leasehold Improvements$201,522-$201,522
Equipment$60,504-$60,504
Land$32,242-$32,242
Other Land Buildings$-157,565$157,565-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$534,765-▲ $48,162-$575,664
2023$524,293-▲ $50,556-$534,765
2022$597,034-▼ $72,741-$524,293
2021$576,930-▲ $20,104-$597,034
2020$544,309-▲ $32,621-$576,930
Compensation and Service Providers

Board Members and Trustees

NameTitle
John BondChair Financ
Wyatt WaltonPresident
Anne SoukhanovBoard Member
David SensenigBoard Member
Jaithan IppolitoBoard Member
Jayne ComptonBoard Member
Jonathan MosleyBoard Member
Logan DavenportBoard Member
Michelle PittmanBoard Member
Elaine CuestaCorrespondin
Penny ClarkGrants & Fr
Melissa MeadorMkting & Eve
Tracie GordonRecording Se
Linda BentonTreasurer
Annette KendallVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$360,124
Program Service Revenue
$24,310
Investment Income
$49,230
Other Revenue
$0
All Other Contributions
$360,124
Change in Net Assets
$376,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,096
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$12,537--$12,537
Office Expenses$598$6,462-$7,060
Occupancy$6,139--$6,139
Insurance$5,133--$5,133
Fees for Services Management$3,500--$3,500
Fees for Services Accounting-$3,000-$3,000
Advertising$2,379--$2,379
Fees for Services Other$600--$600
Other Expenses$2,303$395-$395
All Other Expenses$209$73-$282
Fees for Services Legal-$95-$95
Total Functional Expenses$47,071$10,025$0$57,096
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
Prepaid Rents$4,716
Security Deposits$600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Avenel Foundation Inc
EIN
54-1345184
Phone
5405861814
Address
PO BOX 686, BEDFORD, VA 24523

Signing Officer

Name
Linda Benton
Title
Treasurer
Phone
5405861814
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wyatt Walton
Voting Board Members
15
Independent Board Members
8
Employees
0

Preparer

Firm
Chrystal R Akershoek CPA LLC
Address
311 W MAIN ST, BEDFORD, VA 24523
Preparer
Chrystal R Akershoek CPA
Phone
5405865511
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Additional information provided after return was filed, including information reported on schedule d, part ii, conservation easements.

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The historic avenel museum house contains 4 oil on canvas portraits. Three are attributed to artist harvey mitchell, famous 19th century artist and uncle of frances steptoe burwell, matriarch of avenel, which she posed for 2 of them. Her mother, catherine mitchell steptoe sat for her brother in the 3rd mitchell portrait. The 4th portrait is of the hon. William m. Burwell, spouse of frances burwell, and together they completed construction of avenel c.1838. His portrait is signed "julio 1872" the famous everette d.b. Fabrino julio, painter of "the last meeting" of jackson and lee. A handwritten note by burwell is attached to the back detailing the rare provenance. The portraits and framework of the burwells have been carefully conserved. Documentation is on file at avenel and with the insurer. The collection of approximately 180 books contain rare volumes of developing political and historical data, founding factions of the railroad in the early 19th century, educational materials used by the burwells, their journals, and novels dating back to 1747. They have been carefully inventoried and appraised for insurance purposes. They are locked in an appropriate glass case on display in avenel's museum room. These rare, historic artifacts provide vital educational detail about the family as well as the importance of due diligence and the board responsibility to maintain rare materials housed in avenel. The community has the privilege to have educational tours presented involving the works as the volunteer directors and docents describe the history involved. This is a unique asset to such a landmark and furthers the mission statement of historic avenel. There is also a large oil on canvas of officer (us army, year unknown, the uniform seems to indicate wwii) george bagby campbell. He was the great grandson of william and frances burwell. Additionally a mid 19th century photo profile image of his mother, lillian bowyer campbell is hung on the adjacent wall. Together these family art works are additional original works documenting the integral history and legacy of historic avenel.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE HISTORIC AVENEL MUSEUM HOUSE CONTAINS 4 OIL ON CANVAS PORTRAITS. THREE ARE ATTRIBUTED TO ARTIST HARVEY MITCHELL, FAMOUS 19TH CENTURY ARTIST AND UNCLE OF FRANCES STEPTOE BURWELL, MATRIARCH OF AVENEL, WHICH SHE POSED FOR 2 OF THEM. HER MOTHER, CATHERINE MITCHELL STEPTOE SAT FOR HER BROTHER IN THE 3RD MITCHELL PORTRAIT. THE 4TH PORTRAIT IS OF THE HON. WILLIAM M. BURWELL, SPOUSE OF FRANCES BURWELL, AND TOGETHER THEY COMPLETED CONSTRUCTION OF AVENEL C.1838. HIS PORTRAIT IS SIGNED "JULIO 1872" THE FAMOUS EVERETTE D.B. FABRINO JULIO, PAINTER OF "THE LAST MEETING" OF JACKSON AND LEE. A HANDWRITTEN NOTE BY BURWELL IS ATTACHED TO THE BACK DETAILING THE RARE PROVENANCE. THE PORTRAITS AND FRAMEWORK OF THE BURWELLS HAVE BEEN CAREFULLY CONSERVED. DOCUMENTATION IS ON FILE AT AVENEL AND WITH THE INSURER. THE COLLECTION OF APPROXIMATELY 180 BOOKS CONTAIN RARE VOLUMES OF DEVELOPING POLITICAL AND HISTORICAL DATA, FOUNDING FACTIONS OF THE RAILROAD IN THE EARLY 19TH CENTURY, EDUCATIONAL MATERIALS USED BY THE BURWELLS, THEIR JOURNALS, AND NOVELS DATING BACK TO 1747. THEY HAVE BEEN CAREFULLY INVENTORIED AND APPRAISED FOR INSURANCE PURPOSES. THEY ARE LOCKED IN AN APPROPRIATE GLASS CASE ON DISPLAY IN AVENEL'S MUSEUM ROOM. THESE RARE, HISTORIC ARTIFACTS PROVIDE VITAL EDUCATIONAL DETAIL ABOUT THE FAMILY AS WELL AS THE IMPORTANCE OF DUE DILIGENCE AND THE BOARD RESPONSIBILITY TO MAINTAIN RARE MATERIALS HOUSED IN AVENEL. THE COMMUNITY HAS THE PRIVILEGE TO HAVE EDUCATIONAL TOURS PRESENTED INVOLVING THE WORKS AS THE VOLUNTEER DIRECTORS AND DOCENTS DESCRIBE THE HISTORY INVOLVED. THIS IS A UNIQUE ASSET TO SUCH A LANDMARK AND FURTHERS THE MISSION STATEMENT OF HISTORIC AVENEL. THERE IS ALSO A LARGE OIL ON CANVAS OF OFFICER (US ARMY, YEAR UNKNOWN, THE UNIFORM SEEMS TO INDICATE WWII) GEORGE BAGBY CAMPBELL. HE WAS THE GREAT GRANDSON OF WILLIAM AND FRANCES BURWELL. ADDITIONALLY A MID 19TH CENTURY PHOTO PROFILE IMAGE OF HIS MOTHER, LILLIAN BOWYER CAMPBELL IS HUNG ON THE ADJACENT WALL. TOGETHER THESE FAMILY ART WORKS ARE ADDITIONAL ORIGINAL WORKS DOCUMENTING THE INTEGRAL HISTORY AND LEGACY OF HISTORIC AVENEL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADDITIONAL INFORMATION PROVIDED AFTER RETURN WAS FILED, INCLUDING INFORMATION REPORTED ON SCHEDULE D, PART II, CONSERVATION EASEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B

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