Civic Intelligence

Rappahannock Foundation Inc.

990 • Fiscal year 2015 • EIN 54-1382320

Jul 01, 2014 to Jun 30, 2015 • Filed on Aug 15, 2015

PO Box 459Kilmarnock, VA 22482

(804) 438-5555

Siviq Scores

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

Liabilities / Assets

79th percentile

0.12x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

37th percentile

-1.4%

Higher net margin than 37% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

32nd percentile

-7.2%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

2.8%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$228,206

Down $17,664 (-7.2%) from 2014

Net Assets

Up

$199,706

Up $836 (+0.4%) from 2014

Liabilities

Down

$28,500

Down $18,500 (-39%) from 2014

Revenue

Up

$119,390

Up $3,308 (+2.8%) from 2014

Expenses

Down

$121,108

Down $15,887 (-12%) from 2014

Net Income

Up

-$1,718

Up $19,195 (+92%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $232,604Liabilities 2011: $44,875Net Assets 2011: $187,7292011Assets 2012: $225,804Liabilities 2012: $31,750Net Assets 2012: $194,0542012Assets 2013: $243,482Liabilities 2013: $42,400Net Assets 2013: $201,0822013Assets 2014: $245,870Liabilities 2014: $47,000Net Assets 2014: $198,8702014Assets 2015: $228,206Liabilities 2015: $28,500Net Assets 2015: $199,7062015Assets 2016: $236,007Liabilities 2016: $35,250Net Assets 2016: $200,7572016Assets 2017: $288,046Liabilities 2017: $43,9842017Assets 2018: $397,659Liabilities 2018: $115,3672018Assets 2019: $419,824Liabilities 2019: $71,895Net Assets 2019: $347,9292019Assets 2020: $449,926Liabilities 2020: $41,751Net Assets 2020: $408,1752020Assets 2021: $654,798Liabilities 2021: $138,226Net Assets 2021: $516,5722021Assets 2022: $580,083Liabilities 2022: $25,923Net Assets 2022: $554,1602022Assets 2023: $587,446Liabilities 2023: $1,727Net Assets 2023: $585,7192023Assets 2024: $768,584Liabilities 2024: $42,376Net Assets 2024: $726,2082024Assets 2025: $566,988Liabilities 2025: $29,478Net Assets 2025: $537,5102025

Highlighted filing

2015

Assets$228,206
Liabilities$28,500
Net Assets$199,706

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $49,331Expenses 2011: $49,129Net Income 2011: $2022011Revenue 2012: $105,326Expenses 2012: $102,995Net Income 2012: $2,3312012Revenue 2013: $111,850Expenses 2013: $108,908Net Income 2013: $2,9422013Revenue 2014: $116,082Expenses 2014: $136,995Net Income 2014: -$20,9132014Revenue 2015: $119,390Expenses 2015: $121,108Net Income 2015: -$1,7182015Revenue 2016: $140,708Expenses 2016: $138,643Net Income 2016: $2,0652016Revenue 2017: $124,891Expenses 2017: $81,586Net Income 2017: $43,3052017Revenue 2018: $164,956Expenses 2018: $126,724Net Income 2018: $38,2322018Revenue 2019: $224,724Expenses 2019: $188,409Net Income 2019: $36,3152019Revenue 2020: $143,058Expenses 2020: $82,046Net Income 2020: $61,0122020Revenue 2021: $141,786Expenses 2021: $37,264Net Income 2021: $104,5222021Revenue 2022: $268,546Expenses 2022: $175,844Net Income 2022: $92,7022022Revenue 2023: $147,089Expenses 2023: $150,069Net Income 2023: -$2,9802023Revenue 2024: $324,027Expenses 2024: $121,008Net Income 2024: $203,0192024Revenue 2025: $339,733Expenses 2025: $548,748Net Income 2025: -$209,0152025

Highlighted filing

2015

Revenue$119,390
Expenses$121,108
Net Income-$1,718
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Aug 15, 2015
Return Version
2014v5.0
Gross Receipts
$119,390
Mission and Program Overview

Mission

The foundation brings various music activities to the general public that are educational and entertaining. We also stage productions to secondary and high school education programs.

Provides opportunities to residents of the lower Northern Neck of Virginia, and its surrounding areas, to experience a variety of performing and visual arts activities that support and enhance the area's educational and cultural pursuits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$203,857$203,383▼ $474
Rtn Earn Endowment Incm Other Fnds$198,870$199,706▲ $836
Land, Buildings, and Equipment, Net$21,826$19,088▼ $2,738
Intangible Assets$6,854$4,402▼ $2,452
Savings and Temporary Cash Investments$13,335$1,333▼ $12,002
Cash and Non-Interest-Bearing Accounts$-2--
Total Assets$245,870$228,206▼ $17,664
Liabilities
Other Liabilities$47,000$28,500▼ $18,500
Total Liabilities$47,000$28,500▼ $18,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$198,870$199,706▲ $836
Total Liabilities and Net Assets / Fund Balance$245,870$228,206▼ $17,664

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,088$8,291-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peggy StalnakerPresident
Blaine LinerVice President
Kathryn WainscottVice President
Lisa ShiversVice President
Micki PughVice President
Frank H MillerDirector
Ken BakerDirector
Liliane MerrillDirector
Lucy SchneiderDirector
Michael S KennedyDirector
Robert Mason JrDirector
Robin BlakeDirector
John CannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,103
Program Service Revenue
$66,080
Investment Income
$4,207
Other Revenue
$0
All Other Contributions
$40,558
Change in Net Assets
$-1,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,531
Grants and Similar Amounts Paid$13,520
Total Fundraising Expense$398
Professional Fundraising Fees$57
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$16,793$8,397$254$25,444
Grants to Domestic Orgs$13,520--$13,520
Other Expenses$7,871$0$0$7,871
Information Technology$3,591$3,591$0$7,182
Depreciation Depletion$5,189$0$0$5,189
Office Expenses$1,137$1,706$0$2,843
Fees for Service Investment Mgmnt Fees$0$2,234$0$2,234
Advertising$2,038$0$0$2,038
Insurance$605$0$0$605
Occupancy$450$150$0$600
Conferences and Meetings$242$0$0$242
All Other Expenses$75$0$0$75
Fees for Services Professional Fundraising--$57$57
Total Functional Expenses$104,067$16,643$398$121,108
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$57
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits on contracts$28,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Rappahannock Foundation Inc
EIN
54-1382320
Phone
8044385555
Address
PO Box 459, Kilmarnock, VA 22482

Signing Officer

Name
Peggy Stalnaker
Title
President
Phone
8044385555
Signed
2015-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Stalnaker
Formed
1986
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
15

Preparer

Firm
John Cann CPA
Address
493 Rio Vista Drive, Weems, VA 22576
Preparer
John D Cann
Phone
8044352977
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of Form 990 is provided to each board member, and the form is reviewed at a board meeting prior to submission.

Pt VI, Line 12C

Conflict of interest determination is made by unconflicted board members at a meeting apart from any potentially conflicted member.

Pt VI, Line 15A

No board member receives compensation.

Pt VI, Line 15B

No corporate officer receives compensation.

Pt VI, Line 19

Governing documents are maintained at the corporate office. Copies are included in each board members' policy manual.

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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Presenters Expense
IRS990/OtherExpensesGrp/Desc1Annual Report
IRS990/OtherExpensesGrp/Desc2Volunteer Expense
IRS990/OtherExpensesGrp/Desc3Educational Program Expense
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt187
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1565
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt052026
IRS990/OtherExpensesGrp/ProgramServicesAmt1217
IRS990/OtherExpensesGrp/ProgramServicesAmt2313
IRS990/OtherExpensesGrp/ProgramServicesAmt37871
IRS990/OtherExpensesGrp/TotalAmt052026
IRS990/OtherExpensesGrp/TotalAmt1869
IRS990/OtherExpensesGrp/TotalAmt2313
IRS990/OtherExpensesGrp/TotalAmt37871
IRS990/OtherLiabilitiesGrp/BOYAmt047000
IRS990/OtherLiabilitiesGrp/EOYAmt028500
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PEGGY STALNAKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/BusinessCd2711190
IRS990/ProgramServiceRevenueGrp/BusinessCd3711190
IRS990/ProgramServiceRevenueGrp/BusinessCd4711190
IRS990/ProgramServiceRevenueGrp/Desc0On Stage Ticket Sales
IRS990/ProgramServiceRevenueGrp/Desc1On Stage Individual Program
IRS990/ProgramServiceRevenueGrp/Desc2On Stage CC Sales
IRS990/ProgramServiceRevenueGrp/Desc3On Stage Program Sponsorship
IRS990/ProgramServiceRevenueGrp/Desc4On Stage Program Advertising
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47045
IRS990/ProgSrvcAccomActy2Grp/Desc0THE RAPPAHANNOCK FOUNDATION MADE GRANTS TO AREA ORGANIZATIONS THAT SUPPORT THE PERFORMING ARTS. TEN GRANTS WERE MADE DURING THE FISCAL YEAR. 10,802 PERSONS ATTENDED THE PERFORMANCES MADE POSSIBLE BY THESE GRANTS, AND ANOTHER 1,363 PERSONS PERFORMED AT THEM. THESE PRODUCTIONS INCLUDED MUSIC, VISUAL ARTS,AND DRAMA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013520
IRS990/ProgSrvcAccomActy2Grp/GrantAmt013520
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015000
IRS990/ProgSrvcAccomActy3Grp/Desc0THE RAPPAHANNOCK FOUNDATION FOR THE ARTS PRODUCED AND PRESENTED ARTS GROUPS WHO ENRICHED THE LOCAL COMMUNITY SECONDARY SCHOOLS EDUCATION PROGRAMS. DURING THE FISCAL YEAR, 12 SHOWS WERE STAGED FOR FOR 4,178 STUDENTS. AGE-APPROPRIATE ARTISTS PERFORMED DRAMA HISTORICAL EVENT RECOUNTING, INTRODUCED WEST AFRICAN CULTURE AND DANCE, AND PERFORMED SEVERAL DIFFERENT MUSIC STYLES. THESE SHOWS WERE DESIGNED TO REINFORCE THE STATE EDUCATIONAL STANDARDS OF LEARNING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07871
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt09703
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt040320
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt015950
IRS990/PYInvestmentIncomeAmt04029
IRS990/PYOtherExpensesAmt0120970
IRS990/PYProgramServiceRevenueAmt071733
IRS990/PYRevenuesLessExpensesAmt0-20913
IRS990/PYTotalExpensesAmt0136995
IRS990/PYTotalProfFndrsngExpnsAmt075
IRS990/PYTotalRevenueAmt0116082
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1718
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt090480
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0198870
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0199706
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013335
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01333
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt049103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt040320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt034606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt036305
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt033122
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0193456
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04207
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04163
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03659
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03071
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019129
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.90850
IRS990ScheduleA/PublicSupportTotal170Amt0193456
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt049103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt040320
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt034606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt036305
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt033122
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0193456
IRS990ScheduleA/TotalSupportAmt0212585
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt019088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08291
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt027379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deposits on contracts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019088
IRS990ScheduleD/TotalLiabilityAmt028500
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All grantees are required to submit a report on how the grant helped fulfill their primary purpose, and to describe any programs that were funded by the grant.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of Form 990 is provided to each board member, and the form is reviewed at a board meeting prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest determination is made by unconflicted board members at a meeting apart from any potentially conflicted member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No board member receives compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No corporate officer receives compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are maintained at the corporate office. Copies are included in each board members' policy manual.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0245870
IRS990/TotalAssetsEOYAmt0228206
IRS990/TotalAssetsGrp/BOYAmt0245870
IRS990/TotalAssetsGrp/EOYAmt0228206
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt049103
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0398

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.67$0.29$5.38$3.40$5.49$2.09
2024Detailed filing. Detailed filing data is available for this year.$7.69$0.42$7.26$3.24$1.21$2.03
2023Detailed filing. Detailed filing data is available for this year.$5.87$0.02$5.86$1.47$1.50$0.03
2022Detailed filing. Detailed filing data is available for this year.$5.80$0.26$5.54$2.69$1.76$0.93
2021Detailed filing. Detailed filing data is available for this year.$6.55$1.38$5.17$1.42$0.37$1.05
2020Detailed filing. Detailed filing data is available for this year.$4.50$0.42$4.08$1.43$0.82$0.61
2019Detailed filing. Detailed filing data is available for this year.$4.20$0.72$3.48$2.25$1.88$0.36
2018Summary only. Only limited summary data is available for this year.$3.98$1.15$1.65$1.27$0.38
2017Summary only. Only limited summary data is available for this year.$2.88$0.44$1.25$0.82$0.43
2016Detailed filing. Detailed filing data is available for this year.$2.36$0.35$2.01$1.41$1.39$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.28$0.29$2.00$1.19$1.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.46$0.47$1.99$1.16$1.37$0.21
2013Summary only. Only limited summary data is available for this year.$2.43$0.42$2.01$1.12$1.09$0.03
2012Summary only. Only limited summary data is available for this year.$2.26$0.32$1.94$1.05$1.03$0.02
2011Summary only. Only limited summary data is available for this year.$2.33$0.45$1.88$0.49$0.49$0.00