Civic Intelligence

Saltville Foundation

990 • Fiscal year 2020 • EIN 54-1613858

Jan 01, 2020 to Dec 31, 2020 • Filed on May 02, 2022

P O Box 910Saltville, VA 24370

(276) 496-3633

Siviq Scores

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

Liabilities / Assets

47th percentile

0.03x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.31x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

81st percentile

31%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

43rd percentile

3.1%

Faster asset growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

20%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$721,591

Up $17,296 (+2.5%) from 2019

Net Assets

Up

$698,225

Up $21,810 (+3.2%) from 2019

Liabilities

Down

$23,366

Down $4,514 (-16%) from 2019

Revenue

Down

$59,258

Down $7,121 (-11%) from 2019

Expenses

Down

$62,556

Down $6,201 (-9.0%) from 2019

Net Income

Down

-$3,298

Down $920 (-39%) from 2019

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: $759,612Liabilities 2011: $409Net Assets 2011: $759,2022011Assets 2012: $754,808Liabilities 2012: $673Net Assets 2012: $754,1352012Assets 2013: $727,809Liabilities 2013: $0Net Assets 2013: $727,8092013Assets 2014: $718,674Liabilities 2014: $0Net Assets 2014: $718,6742014Assets 2015: $716,394Liabilities 2015: $895Net Assets 2015: $715,4992015Assets 2016: $701,586Liabilities 2016: $918Net Assets 2016: $700,6682016Assets 2017: $686,512Liabilities 2017: $790Net Assets 2017: $685,7222017Assets 2018: $709,375Liabilities 2018: $30,582Net Assets 2018: $678,7932018Assets 2019: $704,295Liabilities 2019: $27,880Net Assets 2019: $676,4152019Assets 2020: $721,591Liabilities 2020: $23,366Net Assets 2020: $698,2252020Assets 2022: $768,484Liabilities 2022: $21,090Net Assets 2022: $747,3942022Assets 2023: $757,166Liabilities 2023: $16,501Net Assets 2023: $740,6652023Assets 2024: $733,023Liabilities 2024: $13,132Net Assets 2024: $719,8912024

Highlighted filing

2020

Assets$721,591
Liabilities$23,366
Net Assets$698,225

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $52,593Expenses 2011: $60,888Net Income 2011: -$8,2952011Revenue 2012: $50,121Expenses 2012: $55,188Net Income 2012: -$5,0672012Revenue 2013: $25,342Expenses 2013: $51,668Net Income 2013: -$26,3262013Revenue 2014: $51,677Expenses 2014: $62,085Net Income 2014: -$10,4082014Revenue 2015: $50,010Expenses 2015: $53,180Net Income 2015: -$3,1702015Revenue 2016: $36,963Expenses 2016: $51,974Net Income 2016: -$15,0112016Revenue 2017: $45,571Expenses 2017: $60,517Net Income 2017: -$14,9462017Revenue 2018: $53,144Expenses 2018: $60,073Net Income 2018: -$6,9292018Revenue 2019: $66,379Expenses 2019: $68,757Net Income 2019: -$2,3782019Revenue 2020: $59,258Expenses 2020: $62,556Net Income 2020: -$3,2982020Revenue 2022: $117,581Expenses 2022: $68,412Net Income 2022: $49,1692022Revenue 2023: $95,531Expenses 2023: $102,260Net Income 2023: -$6,7292023Revenue 2024: $84,596Expenses 2024: $105,371Net Income 2024: -$20,7752024

Highlighted filing

2020

Revenue$59,258
Expenses$62,556
Net Income-$3,298
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 2, 2022
Return Version
2020v4.1
Gross Receipts
$70,122
Mission and Program Overview

Mission

The foundation provides educational programs varying and changing exhibits and historical learning opportunities available to all of the general public. Programs are designed to inform, educate, and enhance the awareness of all attendees about the middle appalachian region of the united states and the historical town of saltville virginia

The foundation provides educational awareness to all schools,educational institutions, individuals, and groups who desire to learn of the history and significance of the town of saltville virginia and the middle appalachian area

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$334,318$318,625▼ $15,693
Savings and Temporary Cash Investments$178,155$164,784▼ $13,371
Cash and Non-Interest-Bearing Accounts$53,288$80,302▲ $27,014
Inventories for Sale or Use$8,190$5,374▼ $2,816
Investments in Publicly Traded Securities$1,200$1,200→ $0
Total Assets$726,457$721,591▼ $4,866
Other Assets Total$151,306$151,306→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,688$22,966▼ $1,722
Other Liabilities$246$400▲ $154
Total Liabilities$24,934$23,366▼ $1,568
Net Assets / Fund Balance
Total Net Assets Fund Balance$701,523$698,225▼ $3,298
Total Liabilities and Net Assets / Fund Balance$726,457$721,591▼ $4,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$318,625$134,661$453,286
Equipment$0$10,266$10,266
Other Land Buildings$0--
Land$0--
Leasehold Improvements$0--
Other Assets Org$1,700--
Other Securities$1,200--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020----$0
2019----$0
2018----$0
2017----$0
2016----$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan W KegleyPresident
Rodney SurberVice President
Clarence F SmithSecretary
Carl E RickmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,580
Program Service Revenue
$0
Investment Income
$44
Other Revenue
$13,634
All Other Contributions
$10,197
Change in Net Assets
$-3,298

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,042
Salaries, Compensation, and Employee Benefits$24,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,935--$22,935
Depreciation Depletion$15,063--$15,063
Occupancy$10,754--$10,754
Information Technology$4,086--$4,086
Insurance$2,709--$2,709
Other Expenses$2,060--$2,060
Office Expenses$1,968--$1,968
Payroll Taxes$1,579--$1,579
Advertising$1,063--$1,063
Interest$10--$10
Total Functional Expenses$62,556$0$0$62,556

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
Social Security Medicare Federal Withholding$264
Virginia Withheld Taxes$136
Virginia Sales Tax Payable$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI Section B Line 11B

The foundation's annual return form 990 is maintained in the foundation's office. All directors are informed the 990 is on file in the office and is available for their inspection/review at all times during normal business hours

Form 990 Part VI Section B Line 15

The foundation does not have a paid executive director and no members of the board of directors are paid. The only paid personnel are employed in the gift shop and an employee who splits her time between the gift shop and doing minimal monthly accounting activity

Form 990 Part VI Section C Line 19

The foundation's annual tax return is available for public inspection in the foundation's office during its regular business operation hours. After hours inspection is available when time and date are agreed upon in advance with foundation personnel

Filing and Contact Details

Filer

Filer Name
The Saltville Foundation
EIN
54-1613858
Phone
2764963633
Address
P O BOX 910, Saltville, VA 24370
Doing Business As
Museum of the Middle Appalachians

Signing Officer

Name
Carl E Rickman
Title
Treasurer
Phone
2764963633
Signed
2022-05-02
Discuss with paid preparer
No

Organization Details

Formed
1990
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
8

Preparer

Firm
Carl E Rickman CPA Pllc
Address
32349 Poor Valley Road, Saltville, VA 24370
Preparer
Carl Rickman
Phone
2765918952
Supplemental Narrative

Additional Explanations

Form 990 Part IV Line24a

The foundation does not have bond issues with outstanding principal amount of any kind

Form 990 Part V Line 8

The foundation does not have and has never had any donor-advised funds

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IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt00
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt045880
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050259
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033356
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt025193
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029441
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0184129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt086
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0328
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05400
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05846
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt086
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0328
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05400
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05846
IRS990ScheduleA/InvestmentIncomeCYPct00.03080
IRS990ScheduleA/InvestmentIncomePYPct00.03080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97000
IRS990ScheduleA/PublicSupportTotal509Amt0184129
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt045880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt050259
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt033356
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt025193
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt029441
IRS990ScheduleA/Total509Grp/TotalAmt0184129
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt045880
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt050291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt033442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt025521
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt034841
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0189975
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0318625
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0134661
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0453286
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/EndingBalanceAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010266
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010266
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt040832
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1108774
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21700
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0EXHIBIT ITEMS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1STUART HOUSE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2STUART HOUSE SURVEY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SOCIAL SECURITY MEDICARE FEDERAL WITHHOLDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1VIRGINIA WITHHELD TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2VIRGINIA SALES TAX PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01200
IRS990ScheduleD/OtherSecuritiesGrp/Desc0TRUIST BANK COMMON STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0318625
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0151306
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01200
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0400
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DOES NOT HAVE BOND ISSUES WITH OUTSTANDING PRINCIPAL AMOUNT OF ANY KIND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION DOES NOT HAVE AND HAS NEVER HAD ANY DONOR-ADVISED FUNDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S ANNUAL RETURN FORM 990 IS MAINTAINED IN THE FOUNDATION'S OFFICE. ALL DIRECTORS ARE INFORMED THE 990 IS ON FILE IN THE OFFICE AND IS AVAILABLE FOR THEIR INSPECTION/REVIEW AT ALL TIMES DURING NORMAL BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT HAVE A PAID EXECUTIVE DIRECTOR AND NO MEMBERS OF THE BOARD OF DIRECTORS ARE PAID. THE ONLY PAID PERSONNEL ARE EMPLOYED IN THE GIFT SHOP AND AN EMPLOYEE WHO SPLITS HER TIME BETWEEN THE GIFT SHOP AND DOING MINIMAL MONTHLY ACCOUNTING ACTIVITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S ANNUAL TAX RETURN IS AVAILABLE FOR PUBLIC INSPECTION IN THE FOUNDATION'S OFFICE DURING ITS REGULAR BUSINESS OPERATION HOURS. AFTER HOURS INSPECTION IS AVAILABLE WHEN TIME AND DATE ARE AGREED UPON IN ADVANCE WITH FOUNDATION PERSONNEL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART IV LINE24A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART V LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI SECTION B LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VI SECTION C LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0726457
IRS990/TotalAssetsEOYAmt0721591
IRS990/TotalAssetsGrp/BOYAmt0726457
IRS990/TotalAssetsGrp/EOYAmt0721591
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045580
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt062556
IRS990/TotalFunctionalExpensesGrp/TotalAmt062556
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024934
IRS990/TotalLiabilitiesEOYAmt023366
IRS990/TotalLiabilitiesGrp/BOYAmt024934
IRS990/TotalLiabilitiesGrp/EOYAmt023366
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0701523
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0698225
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt062556
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt059258
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0726457

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