Civic Intelligence

Patrick Henry College Foundation

990 • Fiscal year 2020 • EIN 54-2031700

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 22, 2020

Organization ProfileN/A
10 Patrick Henry CirPurcellville, VA 20132

(540) 441-8000

Siviq Scores

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

Liabilities / Assets

55th percentile

0.13x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

1.45x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$248,320

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 123.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-22%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$2,174,007

Up $306,606 (+16%) from 2019

Net Assets

Up

$1,881,663

Up $306,606 (+19%) from 2019

Liabilities

Flat

$292,344

Flat from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin98th percentile

Revenue

Down

$201,684

Down $56,891 (-22%) from 2019

Expenses

Up

$21,879

Up $1,654 (+8.2%) from 2019

Net Income

Down

$179,805

Down $58,545 (-25%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $141,142Liabilities 2011: $02011Assets 2012: $1,152,473Liabilities 2012: $1,000,000Net Assets 2012: $152,4732012Assets 2013: $1,300,226Liabilities 2013: $1,000,000Net Assets 2013: $300,2262013Assets 2014: $657,405Liabilities 2014: $292,344Net Assets 2014: $365,0612014Assets 2015: $745,663Liabilities 2015: $0Net Assets 2015: $745,6632015Assets 2016: $1,211,311Liabilities 2016: $237,536Net Assets 2016: $973,7752016Assets 2017: $1,422,334Liabilities 2017: $286,344Net Assets 2017: $1,135,9902017Assets 2018: $1,592,342Liabilities 2018: $292,344Net Assets 2018: $1,299,9982018Assets 2019: $1,867,401Liabilities 2019: $292,344Net Assets 2019: $1,575,0572019Assets 2020: $2,174,007Liabilities 2020: $292,344Net Assets 2020: $1,881,6632020Assets 2021: $2,482,976Liabilities 2021: $277,302Net Assets 2021: $2,205,6742021Assets 2022: $2,474,692Liabilities 2022: $272,302Net Assets 2022: $2,202,3902022Assets 2023: $2,833,121Liabilities 2023: $172,302Net Assets 2023: $2,660,8192023Assets 2024: $3,314,830Liabilities 2024: $172,302Net Assets 2024: $3,142,5282024Assets 2025: $7,060,905Liabilities 2025: $172,302Net Assets 2025: $6,888,6032025

Highlighted filing

2020

Assets$2,174,007
Liabilities$292,344
Net Assets$1,881,663
Open 2020 Filing

Operations Trend

Revenue Growth22nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,623Expenses 2011: $10,230Net Income 2011: -$8,6072011Expenses 2012: $1,9052012Expenses 2013: $3,8222013Revenue 2014: $118,435Expenses 2014: $53,600Net Income 2014: $64,8352014Revenue 2015: $391,414Expenses 2015: $10,812Net Income 2015: $380,6022015Revenue 2016: $260,628Expenses 2016: $1,255Net Income 2016: $259,3732016Revenue 2017: $206,473Expenses 2017: $2,769Net Income 2017: $203,7042017Revenue 2018: $193,787Expenses 2018: $11,725Net Income 2018: $182,0622018Revenue 2019: $258,575Expenses 2019: $20,225Net Income 2019: $238,3502019Revenue 2020: $201,684Expenses 2020: $21,879Net Income 2020: $179,8052020Revenue 2021: $201,587Expenses 2021: $30,816Net Income 2021: $170,7712021Revenue 2022: $242,761Expenses 2022: $32,112Net Income 2022: $210,6492022Revenue 2023: $404,530Expenses 2023: $27,061Net Income 2023: $377,4692023Revenue 2024: $443,478Expenses 2024: $35,904Net Income 2024: $407,5742024Revenue 2025: $3,668,641Expenses 2025: $58,458Net Income 2025: $3,610,1832025

Highlighted filing

2020

Revenue$201,684
Expenses$21,879
Net Income$179,805
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 22, 2020
Return Version
2019v5.1
Gross Receipts
$201,684
Mission and Program Overview

Mission

To support patrick henry college

509(a)(3) supporting organization for a 501(c)(3) charity

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$840,031$1,492,098▲ $652,067
Investments Other Securities$322,581$448,881▲ $126,300
Savings and Temporary Cash Investments$704,789$233,028▼ $471,761
Total Assets$1,867,401$2,174,007▲ $306,606
Liabilities
Other Liabilities$292,344$292,344→ $0
Total Liabilities$292,344$292,344→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,721,735$2,013,678▲ $291,943
Net Assets Without Donor Restrictions$-146,678$-132,015▲ $14,663
Total Net Assets Fund Balance$1,575,057$1,881,663▲ $306,606
Total Liabilities and Net Assets / Fund Balance$1,867,401$2,174,007▲ $306,606

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$448,881--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,721,735$154,591▲ $156,877-$2,013,678
2018$1,456,202$223,867▲ $60,166-$1,721,735
2017$1,311,147$145,055▲ $10,000-$1,456,202
2016$1,136,996$174,151▲ $1,000-$1,311,147
2015$896,274$248,770▼ $1,976-$1,136,996
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleOtherTotal
Rodney ShowalterSecretary$127,640$127,640
Howard SchmidtDirector$39,526$39,526

Board Members and Trustees

NameTitle
J Victor ThompsonChairman
Jack HayePresident
George Clay IvDirector
John UrbanDirector
Kirk ElliottDirector
Oscar WalkerDirector
Thomas HungarDirector
Will GlaserDirector
N Daryl WolkingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$159,691
Program Service Revenue
$0
Investment Income
$41,993
Other Revenue
$0
All Other Contributions
$159,691
Change in Net Assets
$179,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,500
Other Expenses$2,379
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$19,500--$19,500
Fees for Services Accounting-$1,500-$1,500
Other Expenses-$40-$40
Total Functional Expenses$19,500$2,379$0$21,879
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
Due to Patrick Henry College$292,344
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“George clay, j. Victor thompson, and jack haye are common trustees for patrick henry college and patrick henry college foundation.”

Form 990, Part VI, Section A, Line 2

“J. Victor thompson provides investment management services through bulwark capital corporation to other directors.”

Form 990, Part VI, Section A, Line 2

“Howard schmidt is the executive vp of patrick henry college and a director of patrick henry college foundation.”

Form 990, Part VI, Section A, Line 2

“Daryl wolking is the treasurer of patrick henry college and patrick henry college foundation.”

Form 990, Part VI, Section A, Line 2

“Rodney showalter is the secretary of patrick henry college and patrick henry college foundation.”

Form 990, Part VI, Section B, Line 11B

“The final draft of form 990 without the donor list (schedule b) is sent to all members of the board of directors for their review before the 990 is filed.”

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

“All directors complete the conflict of interest form annually for submittal to patrick henry college's vice president of finance and administration's office for review.”

Form 990, Part VI, Section C, Line 19

“While the federal laws do not mandate that the foundation's governing documents, conflict of interest policy,and financial statements be made available for public inspection, the foundation makes them available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Patrick Henry College Foundation
EIN
54-2031700
Phone
5404418000
Address
10 PATRICK HENRY CIR, PURCELLVILLE, VA 20132

Signing Officer

Name
N Daryl Wolking
Title
VP of Finance and Administration
Phone
5404418000
Signed
2020-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
N Daryl Wolking
Formed
2001
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Yount Hyde & Barbour Pc
Address
PO BOX 2560, WINCHESTER, VA 22604-1760
Preparer
Olivia a Hutton CPA
Phone
5406623417
Raw XML AppendixShowing 400 of 511 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JACK HAYE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1N DARYL WOLKING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GEORGE CLAY, J. VICTOR THOMPSON, AND JACK HAYE ARE COMMON TRUSTEES FOR PATRICK HENRY COLLEGE AND PATRICK HENRY COLLEGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1J. VICTOR THOMPSON PROVIDES INVESTMENT MANAGEMENT SERVICES THROUGH BULWARK CAPITAL CORPORATION TO OTHER DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOWARD SCHMIDT IS THE EXECUTIVE VP OF PATRICK HENRY COLLEGE AND A DIRECTOR OF PATRICK HENRY COLLEGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DARYL WOLKING IS THE TREASURER OF PATRICK HENRY COLLEGE AND PATRICK HENRY COLLEGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RODNEY SHOWALTER IS THE SECRETARY OF PATRICK HENRY COLLEGE AND PATRICK HENRY COLLEGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINAL DRAFT OF FORM 990 WITHOUT THE DONOR LIST (SCHEDULE B) IS SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE THE 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DIRECTORS COMPLETE THE CONFLICT OF INTEREST FORM ANNUALLY FOR SUBMITTAL TO PATRICK HENRY COLLEGE'S VICE PRESIDENT OF FINANCE AND ADMINISTRATION'S OFFICE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WHILE THE FEDERAL LAWS DO NOT MANDATE THAT THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY,AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE FOUNDATION MAKES THEM AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0541919810
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,174,007
Liabilities
$292,344
Net assets
$1,881,663
Revenue
$201,684
Expenses
$21,879
Net income
$179,805
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.06$0.17$6.89$3.67$0.06$3.61
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.17$3.14$0.44$0.04$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.83$0.17$2.66$0.40$0.03$0.38
2022Detailed filing. Detailed filing data is available for this year.$2.47$0.27$2.20$0.24$0.03$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.48$0.28$2.21$0.20$0.03$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.17$0.29$1.88$0.20$0.02$0.18
2019Summary only. Only limited summary data is available for this year.$1.87$0.29$1.58$0.26$0.02$0.24
2018Detailed filing. Detailed filing data is available for this year.$1.59$0.29$1.30$0.19$0.01$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.42$0.29$1.14$0.21$0.00$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.24$0.97$0.26$0.00$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.39$0.01$0.38
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.29$0.37$0.12$0.05$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$1.00$0.30$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$1.00$0.15$0.00
2011Summary only. Only limited summary data is available for this year.$0.14$0.00$0.00$0.01$0.01