Civic Intelligence

Shenandoah Valley Battlefields Foundation

990 • Fiscal year 2017 • EIN 54-2007460

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 13, 2018

PO Box 897New Market, VA 22844

(540) 740-4545

Siviq Scores

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

Liabilities / Assets

37th percentile

0.14x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

1.55x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

94th percentile

57%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

14th percentile

$117,699

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

83rd percentile

17%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-36%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$33,752,541

Up $4,984,151 (+17%) from 2016

Net Assets

Up

$28,910,154

Up $5,900,477 (+26%) from 2016

Liabilities

Down

$4,842,387

Down $916,326 (-16%) from 2016

Revenue

Down

$3,132,867

Down $1,776,928 (-36%) from 2016

Expenses

Up

$1,337,158

Up $36,520 (+2.8%) from 2016

Net Income

Down

$1,795,709

Down $1,813,448 (-50%) from 2016

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $14,061,528Liabilities 2011: $654,242Net Assets 2011: $13,407,2862011Assets 2012: $14,131,226Liabilities 2012: $654,358Net Assets 2012: $13,476,8682012Assets 2013: $16,705,563Liabilities 2013: $1,020,370Net Assets 2013: $15,685,1932013Assets 2014: $20,582,576Liabilities 2014: $1,319,117Net Assets 2014: $19,263,4592014Assets 2015: $21,008,427Liabilities 2015: $1,607,907Net Assets 2015: $19,400,5202015Assets 2016: $28,768,390Liabilities 2016: $5,758,713Net Assets 2016: $23,009,6772016Assets 2017: $33,752,541Liabilities 2017: $4,842,387Net Assets 2017: $28,910,1542017Assets 2018: $34,919,534Liabilities 2018: $3,712,772Net Assets 2018: $31,206,7622018Assets 2019: $36,178,081Liabilities 2019: $2,849,310Net Assets 2019: $33,328,7712019Assets 2020: $39,949,892Liabilities 2020: $2,760,488Net Assets 2020: $37,189,4042020Assets 2021: $52,047,334Liabilities 2021: $6,783,513Net Assets 2021: $45,263,8212021Assets 2022: $60,839,183Liabilities 2022: $9,172,667Net Assets 2022: $51,666,5162022Assets 2023: $63,483,814Liabilities 2023: $6,609,813Net Assets 2023: $56,874,0012023Assets 2024: $70,693,313Liabilities 2024: $8,228,555Net Assets 2024: $62,464,7582024Assets 2025: $74,697,504Liabilities 2025: $6,694,316Net Assets 2025: $68,003,1882025

Highlighted filing

2017

Assets$33,752,541
Liabilities$4,842,387
Net Assets$28,910,154

Operations Trend

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

$10M$5.0M$0Revenue 2011: $1,450,784Expenses 2011: $1,423,658Net Income 2011: $27,1262011Expenses 2012: $2,484,5592012Revenue 2013: $3,276,395Expenses 2013: $1,068,070Net Income 2013: $2,208,3252013Revenue 2014: $4,678,278Expenses 2014: $1,100,012Net Income 2014: $3,578,2662014Revenue 2015: $1,407,490Expenses 2015: $1,270,429Net Income 2015: $137,0612015Revenue 2016: $4,909,795Expenses 2016: $1,300,638Net Income 2016: $3,609,1572016Revenue 2017: $3,132,867Expenses 2017: $1,337,158Net Income 2017: $1,795,7092017Revenue 2018: $3,925,329Expenses 2018: $1,628,721Net Income 2018: $2,296,6082018Revenue 2019: $3,850,718Expenses 2019: $1,728,709Net Income 2019: $2,122,0092019Revenue 2020: $5,284,490Expenses 2020: $1,423,857Net Income 2020: $3,860,6332020Revenue 2021: $6,618,931Expenses 2021: $1,427,414Net Income 2021: $5,191,5172021Revenue 2022: $8,174,103Expenses 2022: $1,726,529Net Income 2022: $6,447,5742022Revenue 2023: $8,141,350Expenses 2023: $2,930,571Net Income 2023: $5,210,7792023Revenue 2024: $9,045,319Expenses 2024: $3,458,167Net Income 2024: $5,587,1522024Revenue 2025: $7,896,297Expenses 2025: $2,870,332Net Income 2025: $5,025,9652025

Highlighted filing

2017

Revenue$3,132,867
Expenses$1,337,158
Net Income$1,795,709
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 13, 2018
Return Version
2016v3.0
Gross Receipts
$3,178,326
Mission and Program Overview

Mission

To preserve, protect, and interpret the historic civil war battlefields, structures, and artifacts of the shenandoah valley.

TO PRESERVE, PROTEcT, and interpret the HISTORIC CIVIL WAR BATTLEFIELDS, structures and artifacts of the shenandoah valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$79,267-
Land, Buildings, and Equipment, Net$2,353,158$20,448▼ $2,332,710
Pledges and Grants Receivable$43,031$8,010▼ $35,021
Inventories for Sale or Use$7,734--
Prepaid Expenses and Deferred Charges$2,079--
Total Assets$28,768,390$33,752,541▲ $4,984,151
Other Assets Total$26,362,388$33,644,816▲ $7,282,428
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,703,559$3,964,284▼ $739,275
Other Liabilities$722,644$800,523▲ $77,879
Accounts Payable and Accrued Expenses$332,510$77,580▼ $254,930
Total Liabilities$5,758,713$4,842,387▼ $916,326
Net Assets / Fund Balance
Unrestricted Net Assets$23,008,683$28,822,737▲ $5,814,054
Temporarily Rstr Net Assets$994$87,417▲ $86,423
Total Net Assets Fund Balance$23,009,677$28,910,154▲ $5,900,477
Total Liabilities and Net Assets / Fund Balance$28,768,390$33,752,541▲ $4,984,151

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,448$21,722$42,170
Other Assets Org$293,741--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
kevin walkerchief executive officerFT$90,000$27,699$117,699
Revenue and Support

Revenue Composition

Contributions and Grants
$2,999,607
Program Service Revenue
$91,874
Investment Income
$0
Other Revenue
$41,386
All Other Contributions
$676,519
Change in Net Assets
$1,795,709

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
Qualified Contrib Other3$352,825Fair Market Value (FMV)
Total Noncash Contributions3$352,825-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,132,867
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$45,459
Total Revenue per Audited Statements
$3,178,326
Total Revenue per Form 990
$3,132,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$784,669
Salaries, Compensation, and Employee Benefits$552,489
Total Fundraising Expense$153,894
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$221,275$80,869$42,422$344,566
Interest$196,787--$196,787
Current Officers, Directors, Trustees, and Key Employees$75,585$27,624$14,490$117,699
Conferences and Meetings$87,527$10,383-$97,910
All Other Expenses$63,068$18,125-$81,193
Fees for Services Accounting-$56,280-$56,280
Payroll Taxes$24,742$9,043$4,743$38,528
Office Expenses-$34,333-$34,333
Other Expenses$37,235$34,088$85,874$34,088
Travel-$29,222-$29,222
Fees for Services Other-$28,234-$28,234
Other Employee Benefits$16,976$6,204$3,255$26,435
Pension Plan Contributions$16,222$5,929$3,110$25,261
Insurance-$16,824-$16,824
Total Functional Expenses$826,106$357,158$153,894$1,337,158

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,382,617
Expenses per Audited Statements$1,337,158
Total Expenses per Form 990$1,337,158
Expenses Not Reported on Form 990$45,459
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
line of credit$800,523
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 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 form 990 is prepared by an independent accountant and reviewed by the board of directors before filing with the irs.

Form 990, Part VI, Section B, line 12C

the organization monitors compliance with the conflict of interest policy by reviewing the completed and signed required annual disclosures.

Form 990, Part VI, Section C, line 19

the governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Shenandoah Valley Battlefields
EIN
54-2007460
Phone
5407404545
Address
PO BOX 897, NEW MARKET, VA 22844

Signing Officer

Name
kevin walker
Title
chief executive officer
Phone
5407404545
Signed
2018-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
nicholas p picerno
Formed
2000
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
10
Volunteers
0

Preparer

Firm
Aronson LLC
Address
805 King Farm Blvd 3rd Floor, Rockville, MD 20850
Preparer
Gregory M Plotts CPA
Phone
3012316200
Supplemental Narrative

Financial Statement Notes

Part III, Line 4:

the foundation has significant artifacts from the civil war era that are on display and for scholarly use in a museum setting. they include a civil war cannon and caisson, artifacts and books from the civil war era.

Part X, Line 2:

The Foundation follows the provisions of fasb asc 740. Under these provisions, the foundation must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained. the foundatin does not believe there are any uncertain tax positions and, accordingly, no amounts have been recorded in the accompanying financial statements. the organization files form 990, return of organization exempt from income tax, annually with the united states department of the treasury. such returns for the tax years ended september 30, 2014 through 2017, remain open to potential examination by taxing authorities.

Part XI, Line 2D - Other Adjustments:

cogs 45,459.

Part XII, Line 2D - Other Adjustments:

cogs 45,459.

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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO PRESERVE, PROTEcT, and interpret the HISTORIC CIVIL WAR BATTLEFIELDS, structures and artifacts of the shenandoah valley.
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IRS990/OtherExpensesGrp/Desc1dev&gov't relations
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04743
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IRS990/PayrollTaxesGrp/TotalAmt038528
IRS990/PensionPlanContributionsGrp/FundraisingAmt03110
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05929
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016222
IRS990/PensionPlanContributionsGrp/TotalAmt025261
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt043031
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IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0conferences
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128094
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128094
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01795709
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt020448
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021722
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042170
IRS990ScheduleD/ExpensesNotReportedAmt045459
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01337158
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IRS990ScheduleD/HistoricLandAreaInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1293741
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0preserved land
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1historical artifacts
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0800523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0line of credit
IRS990ScheduleD/OtherRevenueAmt045459
IRS990ScheduleD/RevenueNotReportedAmt045459
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03132867
IRS990ScheduleD/StaffHoursSpentEnforcementCnt060.00
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0the foundation has significant artifacts from the civil war era that are on display and for scholarly use in a museum setting. they include a civil war cannon and caisson, artifacts and books from the civil war era.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$74.7$6.69$68.0$7.90$2.87$5.03
2024Detailed filing. Detailed filing data is available for this year.$70.7$8.23$62.5$9.05$3.46$5.59
2023Detailed filing. Detailed filing data is available for this year.$63.5$6.61$56.9$8.14$2.93$5.21
2022Detailed filing. Detailed filing data is available for this year.$60.8$9.17$51.7$8.17$1.73$6.45
2021Detailed filing. Detailed filing data is available for this year.$52.0$6.78$45.3$6.62$1.43$5.19
2020Detailed filing. Detailed filing data is available for this year.$39.9$2.76$37.2$5.28$1.42$3.86
2019Detailed filing. Detailed filing data is available for this year.$36.2$2.85$33.3$3.85$1.73$2.12
2018Detailed filing. Detailed filing data is available for this year.$34.9$3.71$31.2$3.93$1.63$2.30
2017Detailed filing. Detailed filing data is available for this year.$33.8$4.84$28.9$3.13$1.34$1.80
2016Detailed filing. Detailed filing data is available for this year.$28.8$5.76$23.0$4.91$1.30$3.61
2015Detailed filing. Detailed filing data is available for this year.$21.0$1.61$19.4$1.41$1.27$0.14
2014Summary only. Only limited summary data is available for this year.$20.6$1.32$19.3$4.68$1.10$3.58
2013Summary only. Only limited summary data is available for this year.$16.7$1.02$15.7$3.28$1.07$2.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$0.65$13.5$2.48
2011Summary only. Only limited summary data is available for this year.$14.1$0.65$13.4$1.45$1.42$0.03