Civic Intelligence

Smithfield-Preston Foundation

990 • Fiscal year 2021 • EIN 54-1785583

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 10, 2021

PO Box 11531Blacksburg, VA 24062

(540) 231-3947

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$3,560,090

Up $137,357 (+4.0%) from 2020

Net Assets

Up

$3,528,074

Up $139,904 (+4.1%) from 2020

Liabilities

Down

$32,016

Down $2,547 (-7.4%) from 2020

Revenue And Expenses

Revenue

Up

$291,369

Up $99,654 (+52%) from 2020

Expenses

Down

$290,324

Down $54,132 (-16%) from 2020

Net Income

Up

$1,045

Up $153,786 (+101%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $435,355Liabilities 2011: $0Net Assets 2011: $435,3552011Assets 2013: $654,778Liabilities 2013: $0Net Assets 2013: $654,7782013Assets 2014: $3,336,009Liabilities 2014: $4,396Net Assets 2014: $3,331,6132014Assets 2015: $3,362,364Liabilities 2015: $3,238Net Assets 2015: $3,359,1262015Assets 2016: $3,432,704Liabilities 2016: $8,564Net Assets 2016: $3,424,1402016Assets 2017: $3,650,605Liabilities 2017: $13,704Net Assets 2017: $3,636,9012017Assets 2018: $3,702,006Liabilities 2018: $11,768Net Assets 2018: $3,690,2382018Assets 2019: $3,848,789Liabilities 2019: $7,632Net Assets 2019: $3,841,1572019Assets 2020: $3,422,733Liabilities 2020: $34,563Net Assets 2020: $3,388,1702020Assets 2021: $3,560,090Liabilities 2021: $32,016Net Assets 2021: $3,528,0742021Assets 2021: $3,572,331Liabilities 2021: $32,016Net Assets 2021: $3,540,3152021Assets 2022: $3,448,841Liabilities 2022: $4,267Net Assets 2022: $3,444,5742022Assets 2023: $3,312,598Liabilities 2023: $5,056Net Assets 2023: $3,307,5422023Assets 2024: $3,302,889Liabilities 2024: $3,540Net Assets 2024: $3,299,3492024

Highlighted filing

2021

Assets$3,560,090
Liabilities$32,016
Net Assets$3,528,074

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $82,313Expenses 2011: $71,964Net Income 2011: $10,3492011Revenue 2013: $117,984Expenses 2013: $38,947Net Income 2013: $79,0372013Revenue 2014: $2,460,329Expenses 2014: $60,722Net Income 2014: $2,399,6072014Revenue 2015: $173,985Expenses 2015: $142,431Net Income 2015: $31,5542015Revenue 2016: $206,799Expenses 2016: $130,849Net Income 2016: $75,9502016Revenue 2017: $278,939Expenses 2017: $142,636Net Income 2017: $136,3032017Revenue 2018: $182,283Expenses 2018: $154,752Net Income 2018: $27,5312018Revenue 2019: $209,856Expenses 2019: $228,757Net Income 2019: -$18,9012019Revenue 2020: $191,715Expenses 2020: $344,456Net Income 2020: -$152,7412020Revenue 2021: $291,369Expenses 2021: $290,324Net Income 2021: $1,0452021Revenue 2021: $303,610Expenses 2021: $290,324Net Income 2021: $13,2862021Revenue 2022: $389,597Expenses 2022: $347,380Net Income 2022: $42,2172022Revenue 2023: $133,861Expenses 2023: $336,690Net Income 2023: -$202,8292023Revenue 2024: $302,252Expenses 2024: $307,101Net Income 2024: -$4,8492024

Highlighted filing

2021

Revenue$291,369
Expenses$290,324
Net Income$1,045
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 10, 2021
Return Version
2020v4.1
Gross Receipts
$351,569
Mission and Program Overview

Mission

Preservation Interpretation of Historic Property

Preservation and interpretation of historic property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,530,625$2,463,969▼ $66,656
Investments in Publicly Traded Securities$617,453$784,608▲ $167,155
Savings and Temporary Cash Investments$2,544$41,432▲ $38,888
Inventories for Sale or Use$14,587$8,381▼ $6,206
Cash and Non-Interest-Bearing Accounts$624$300▼ $324
Total Assets$3,422,733$3,560,090▲ $137,357
Other Assets Total$256,900$261,400▲ $4,500
Liabilities
Unsecured Notes Loans Payable$30,172$26,105▼ $4,067
Other Liabilities$4,391$5,911▲ $1,520
Total Liabilities$34,563$32,016▼ $2,547
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,297,883$3,403,342▲ $105,459
Net Assets With Donor Restrictions$90,287$124,732▲ $34,445
Total Net Assets Fund Balance$3,388,170$3,528,074▲ $139,904
Total Liabilities and Net Assets / Fund Balance$3,422,733$3,560,090▲ $137,357

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,125,546$414,780$2,540,326
Land$321,250-$321,250
Other Land Buildings$14,521$2,747$17,268
Equipment$2,652$8,387$11,039
Other Assets Org$261,400--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ryan SpencerExecutive DirectorFT$85,000$85,000

Board Members and Trustees

NameTitle
Charles Fox IVChair
Jeffrey MitchellDevelopment Chair
William DavisVice President of Administrat
Paul MylumVice President of Properties
Brockenbrough A LambBoard
Dan ThorpBoard
Kerri Moseley-HobbsExecutive Committee
Thomas TillarExecutive Committee
Ann Stuart CassellMember
Frank AkersMember
Kent Masterson BrownMember
Margaret Preston FanneyMember
Paul QuigleyMember
Ray ScottMember
Daniel RileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$221,716
Program Service Revenue
$15,287
Investment Income
$27,319
Other Revenue
$27,047
All Other Contributions
$161,116
Change in Net Assets
$1,045

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Art Historical Treasures1$4,500Fair market value
Total Noncash Contributions1$4,500-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,909
Salaries, Compensation, and Employee Benefits$140,415
Total Fundraising Expense$3,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,150$16,150$1,700$85,000
Depreciation Depletion$66,656--$66,656
Other Salaries and Wages$35,776$8,604$906$45,286
Insurance$9,975$4,074-$14,049
All Other Expenses$10,833$729$446$12,008
Occupancy$8,311$2,624-$10,935
Payroll Taxes$8,001$1,925$203$10,129
Advertising$8,089$165-$8,254
Other Expenses$7,412$1,381$49$7,412
Fees for Service Investment Mgmnt Fees-$7,061-$7,061
Fees for Services Accounting-$5,750-$5,750
Office Expenses-$3,274$67$3,341
Information Technology-$3,214-$3,214
Travel$2,383$573$60$3,016
Fees for Services Other-$192-$192
Interest-$95-$95
Total Functional Expenses$228,319$58,574$3,431$290,324
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,255
Fundraising Direct Expenses$695
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 tax withholding$3,105
Credit card$2,685
Sales tax payable$121
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 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 governing body review Part VI line 11

The 990 is reviewed and approved by the board of directors before it is filed.

Conflict of interest policy compliance Part VI line 12C

The organization requires employees and board members to sign an annual conflict of interest statement.

Governing documents etc available to public Part VI line 19

The organizations governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Smithfield Preston Foundation
EIN
54-1785583
Address
PO Box 11531, Blacksburg, VA 24062

Signing Officer

Name
Ryan Spencer
Title
Executive Direc
Phone
5402313947
Signed
2021-12-10
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
35

Preparer

Firm
MartinArthur CPAs
Address
PO Box 6174, Christiansburg, VA 24068
Preparer
Phillip Martin
Phone
5403812340
Supplemental Narrative

Additional Explanations

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

Unrealized gains on investments

List of other expenses Part IX line 24E

Postage $ 724Printing 3,252Supplies 18,576Repairs 13,713Reunion 8,531Total $44,796

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0784608
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0425914
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02530625
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02463969
IRS990/LandBldgEquipCostOrOtherBssAmt02889883
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt052093
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Preservation and interpretation of historic property.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03388170
IRS990/NetAssetsOrFundBalancesEOYAmt03528074
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt014175
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014175
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01560
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01560
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01905
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01905
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt023565
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt023565
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0138859
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03297883
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03403342
IRS990/NoncashContributionsAmt06755
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02624
IRS990/OccupancyGrp/ProgramServicesAmt08311
IRS990/OccupancyGrp/TotalAmt010935
IRS990/OfficeExpensesGrp/FundraisingAmt067
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03274
IRS990/OfficeExpensesGrp/TotalAmt03341
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0256900
IRS990/OtherAssetsTotalGrp/EOYAmt0261400
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Rent expense
IRS990/OtherExpensesGrp/Desc1Dues and subscriptions
IRS990/OtherExpensesGrp/Desc2Bank fees
IRS990/OtherExpensesGrp/Desc3Repairs and maintenance
IRS990/OtherExpensesGrp/FundraisingAmt049
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11203
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21381
IRS990/OtherExpensesGrp/ProgramServicesAmt03733
IRS990/OtherExpensesGrp/ProgramServicesAmt17412
IRS990/OtherExpensesGrp/TotalAmt01560
IRS990/OtherExpensesGrp/TotalAmt14985
IRS990/OtherExpensesGrp/TotalAmt21381
IRS990/OtherExpensesGrp/TotalAmt37412
IRS990/OtherLiabilitiesGrp/BOYAmt04391
IRS990/OtherLiabilitiesGrp/EOYAmt05911
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt017
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017
IRS990/OtherRevenueTotalAmt017
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0906
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08604
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt035776
IRS990/OtherSalariesAndWagesGrp/TotalAmt045286
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0203
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01925
IRS990/PayrollTaxesGrp/ProgramServicesAmt08001
IRS990/PayrollTaxesGrp/TotalAmt010129
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Museum admissions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015287
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015287
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0130947
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt031489
IRS990/PYOtherExpensesAmt0195974
IRS990/PYOtherRevenueAmt020936
IRS990/PYProgramServiceRevenueAmt08343
IRS990/PYRevenuesLessExpensesAmt0-152741
IRS990/PYSalariesCompEmpBnftPaidAmt0148482
IRS990/PYTotalExpensesAmt0344456
IRS990/PYTotalRevenueAmt0191715
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01045
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt023565
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02544
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041432
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0221719
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0130947
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt096822
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt096259
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0204211
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0749958
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027319
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt031489
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022455
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016860
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014372
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0112495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt050424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt035853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0109082
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt069164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt068423
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0332946
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027319
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt031489
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022455
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016860
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014372
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0112495
IRS990ScheduleA/InvestmentIncomeCYPct00.09000
IRS990ScheduleA/InvestmentIncomePYPct00.09000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt017
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0984
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01001
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90510
IRS990ScheduleA/PublicSupportPY509Pct00.91330
IRS990ScheduleA/PublicSupportTotal509Amt01082904
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0272143

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$0.30$0.31$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.31$0.01$3.31$0.13$0.34$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$0.00$3.44$0.39$0.35$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.03$3.54$0.30$0.29$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.56$0.03$3.53$0.29$0.29$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.42$0.03$3.39$0.19$0.34$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.85$0.01$3.84$0.21$0.23$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.70$0.01$3.69$0.18$0.15$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.65$0.01$3.64$0.28$0.14$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.43$0.01$3.42$0.21$0.13$0.08
2015Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$0.17$0.14$0.03
2014Summary only. Only limited summary data is available for this year.$3.34$0.00$3.33$2.46$0.06$2.40
2013Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.12$0.04$0.08
2011Summary only. Only limited summary data is available for this year.$0.44$0.00$0.44$0.08$0.07$0.01