Civic Intelligence

The Glass-Glen Burnie Foundation

EIN 73-1267576 • 501(c)3 • San Antonio, TX

Pub. 78 Eligible

Profile

The purposes of the glass-glen burnie foundation are the restoration, maintenance, and support of historic properties acquired in the vicinity of winchester, virginia,so that such properties will be preserved as historic buildings and grounds for educational and other benefit of the public forever; and, thereby endow a museum of 18th and early 19th century american and english art.

PO Box 12449San Antonio, TX 78212

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

11th percentile

$136,500

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

44th percentile

4.5%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

160%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$51,566,185

Up $2,205,286 (+4.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$51,566,185

Up $2,205,286 (+4.5%) from 2023

Operations
Liabilities / Revenue4th percentileNet Margin82nd percentile

Revenue

Up

$7,181,916

Up $4,417,360 (+160%) from 2023

Expenses

Down

$4,976,630

Down $292,113 (-5.5%) from 2023

Net Income

Up

$2,205,286

Up $4,709,473 (+188%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $58,667,759Liabilities 2010: $0Net Assets 2010: $58,667,7592010Assets 2011: $60,772,279Liabilities 2011: $0Net Assets 2011: $60,772,2792011Assets 2012: $61,797,775Liabilities 2012: $0Net Assets 2012: $61,797,7752012Assets 2013: $61,869,529Liabilities 2013: $0Net Assets 2013: $61,869,5292013Assets 2014: $61,379,305Liabilities 2014: $0Net Assets 2014: $61,379,3052014Assets 2015: $60,609,680Liabilities 2015: $0Net Assets 2015: $60,609,6802015Assets 2016: $58,358,141Liabilities 2016: $0Net Assets 2016: $58,358,1412016Assets 2017: $56,024,600Liabilities 2017: $0Net Assets 2017: $56,024,6002017Assets 2018: $57,465,163Liabilities 2018: $0Net Assets 2018: $57,465,1632018Assets 2019: $55,873,170Liabilities 2019: $0Net Assets 2019: $55,873,1702019Assets 2020: $55,586,817Liabilities 2020: $0Net Assets 2020: $55,586,8172020Assets 2021: $57,955,575Liabilities 2021: $0Net Assets 2021: $57,955,5752021Assets 2022: $57,440,868Liabilities 2022: $0Net Assets 2022: $57,440,8682022Assets 2023: $49,360,899Liabilities 2023: $0Net Assets 2023: $49,360,8992023Assets 2024: $51,566,185Liabilities 2024: $0Net Assets 2024: $51,566,1852024

Highlighted filing

2024

Assets$51,566,185
Liabilities$0
Net Assets$51,566,185
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $3,597,3472010Expenses 2011: $4,121,7952011Expenses 2012: $4,612,9152012Revenue 2013: $5,495,566Expenses 2013: $5,423,812Net Income 2013: $71,7542013Revenue 2014: $5,708,868Expenses 2014: $6,199,092Net Income 2014: -$490,2242014Revenue 2015: $4,035,434Expenses 2015: $4,805,059Net Income 2015: -$769,6252015Revenue 2016: $2,042,381Expenses 2016: $4,293,920Net Income 2016: -$2,251,5392016Revenue 2017: $2,645,392Expenses 2017: $4,978,933Net Income 2017: -$2,333,5412017Revenue 2018: $7,687,088Expenses 2018: $6,246,523Net Income 2018: $1,440,5652018Revenue 2019: $5,116,827Expenses 2019: $6,708,820Net Income 2019: -$1,591,9932019Revenue 2020: $4,327,610Expenses 2020: $4,613,963Net Income 2020: -$286,3532020Revenue 2021: $7,795,930Expenses 2021: $5,229,364Net Income 2021: $2,566,5662021Revenue 2022: $3,581,493Expenses 2022: $4,106,205Net Income 2022: -$524,7122022Revenue 2023: $2,764,556Expenses 2023: $5,268,743Net Income 2023: -$2,504,1872023Revenue 2024: $7,181,916Expenses 2024: $4,976,630Net Income 2024: $2,205,2862024

Highlighted filing

2024

Revenue$7,181,916
Expenses$4,976,630
Net Income$2,205,286
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$51,566,185
Liabilities
$0
Net assets
$51,566,185
Revenue
$7,181,916
Expenses
$4,976,630
Net income
$2,205,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.6$0.00$51.6$7.18$4.98$2.21
2023Detailed filing. Detailed filing data is available for this year.$49.4$0.00$49.4$2.76$5.27$2.50
2022Detailed filing. Detailed filing data is available for this year.$57.4$0.00$57.4$3.58$4.11$0.52
2021Detailed filing. Detailed filing data is available for this year.$58.0$0.00$58.0$7.80$5.23$2.57
2020Detailed filing. Detailed filing data is available for this year.$55.6$0.00$55.6$4.33$4.61$0.29
2019Detailed filing. Detailed filing data is available for this year.$55.9$0.00$55.9$5.12$6.71$1.59
2018Detailed filing. Detailed filing data is available for this year.$57.5$0.00$57.5$7.69$6.25$1.44
2017Detailed filing. Detailed filing data is available for this year.$56.0$0.00$56.0$2.65$4.98$2.33
2016Detailed filing. Detailed filing data is available for this year.$58.4$0.00$58.4$2.04$4.29$2.25
2015Detailed filing. Detailed filing data is available for this year.$60.6$0.00$60.6$4.04$4.81$0.77
2014Detailed filing. Detailed filing data is available for this year.$61.4$0.00$61.4$5.71$6.20$0.49
2013Detailed filing. Detailed filing data is available for this year.$61.9$0.00$61.9$5.50$5.42$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.8$0.00$61.8$4.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.8$0.00$60.8$4.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.7$0.00$58.7$3.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 15, 2025
Return Version
2024v5.2
Gross Receipts
$18,777,108
Mission and Program Overview

Mission

The purposes of the glass-glen burnie foundation are the restoration, maintenance, and support of historic properties acquired in the vicinity of winchester, virginia,so that such properties will be preserved as historic buildings and grounds for educational and other benefit of the public forever; and, thereby endow a museum of 18th and early 19th century american and english art.

The restoration, maintenance, and support of historic properties acquired in the vicinity of winchester, virginia for educational and public benefit and to endow a museum that includes 18th and early 19th century american and english art along with additions made to the collections.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$39,624,757$39,120,516▼ $504,241
Investments in Publicly Traded Securities$7,377,816$10,758,891▲ $3,381,075
Savings and Temporary Cash Investments$2,012,807$1,656,693▼ $356,114
Cash and Non-Interest-Bearing Accounts$345,519$30,085▼ $315,434
Total Assets$49,360,899$51,566,185▲ $2,205,286
Other Assets Total$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,360,899$51,566,185▲ $2,205,286
Total Net Assets Fund Balance$49,360,899$51,566,185▲ $2,205,286
Total Liabilities and Net Assets / Fund Balance$49,360,899$51,566,185▲ $2,205,286

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$10,123,240--
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Allan G PatersonCo-operating TrusteePT$136,500$136,500
David Ho RothCo-operating TrusteePT$136,500$136,500
Jennifer PeaceExecutive DirectorFT$95,000$95,000
Gerald F Smith JrTrusteePT$84,000$84,000
John B Adams JrTrusteePT$84,000$84,000
Todd BrockwellTrustee, SecretaryPT$84,000$84,000
Emily BeckTrusteePT$67,200$67,200

Highest Paid Contractors

ContractorServicesLocationCompensation
Farmers National CompanyInvestment Management15 WEST 6TH STREET SUITE 2700, Tulsa, OK 74119$111,961
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,935,311
Other Revenue
$1,246,605
Change in Net Assets
$2,205,286

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,871,399
Revenue Not Reported on Financial Statements
$310,517
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$148,385
Total Revenue per Audited Statements
$6,871,399
Total Revenue per Form 990
$7,181,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,804,324
Salaries, Compensation, and Employee Benefits$694,467
Other Expenses$477,839
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,804,324--$3,804,324
Current Officers, Directors, Trustees, and Key Employees$414,540$272,660-$687,200
Fees for Service Investment Mgmnt Fees-$274,093-$274,093
Fees for Services Accounting-$38,864-$38,864
Insurance$14,808$22,257-$37,065
Travel$27,593$3,066-$30,659
Fees for Services Legal-$29,708-$29,708
Payroll Taxes-$7,267-$7,267
Office Expenses-$4,353-$4,353
Other Expenses$4,095$458-$458
Total Functional Expenses$4,301,784$674,846$0$4,976,630

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,976,630
Expenses per Audited Statements$4,666,113
Total Expenses per Audited Statements$4,666,113
Expenses Not Reported on Financial Statements$310,517
Other Expense Adjustments$148,385
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glass-glen Burnie Museum Inc (dba Museum of the Shenandoah Valley)Winchester, VA501(c)(3)TO SUPPORT THE MUSEUM'S MONTHLY OPERATIONS$3,804,324
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
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 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
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

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not have committees with authority to act on behalf of the governing body.”

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

“The form 990 is reviewed by all trustees at a trustee meeting prior to filing.”

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

“The conflict of interest policy is presented to the trustees each year for review, and each trustee signs the policy each year. The policy defines when a conflict could arise and that when the conflict is disclosed the trustee shall recuse himself or herself from discussion on the matter.”

Form 990, Part VI, Section B, Line 15

“Compensation was set in 1997 and remained unchanged until 2007. At that time, a third-party compensation reasonableness report was utilized to increase trustee fees. Co-operating trustee fees were established in 2010 pursuant to an independent compensation study. A third party compensation study was completed by stanfield + o'dell in late 2019. Based on the findings of the study, an increase in trustee compensation was voted on and approved at the october 2019 trustee meeting. Co-operating trustee compensation was increased from $30,000 to $42,000 annually, and trustee compensation was increased from $48,000 to $67,200 annually. These increases became effective on january 1, 2020. Additionally, the executive director's compensation is reviewed periodically by the board of trustees. This process last occurred in 2023.”

Form 990, Part VI, Section C, Line 19

“All governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Glass-glen Burnie Foundation
EIN
73-1267576
Phone
2108449637
Address
PO BOX 12449, SAN ANTONIO, TX 78212

Signing Officer

Name
David Ho Roth
Title
Co-operating Trustee
Phone
2108449637
Signed
2025-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allan G Paterson
Formed
1986
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
19026 RIDGEWOOD PKWY STE 400, SAN ANTONIO, TX 78259
Preparer
Josephine Behrend
Phone
2108286281
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“It is intended that restoration and maintenance will include not only the buildings acquired but also the grounds surrounding the buildings and also furniture, fixtures and furnishings inside the buildings and that funds, when available, will be used to make additions to the foundation's collections.”

PART X, LINE 2:

“The foundation is exempt from federal income taxes under internal revenue code (irc) section 501(c)(3). On april 30, 2004, the irs approved the foundation's request to change its tax status, effective january 1, 1999, from a private foundation to a support organization under irc section 509(a)(3), under section 501(c)(6) of the irc, the foundation is exempt from taxes on income other than unrelated business income. The foundation is subject to federal and state income taxes on its unrelated business income, as a result of ownership in various investment entities. The foundation utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) accounting standards codification (asc) 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2024, the foundation has no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Production taxes netted against revenue 36,424. Management fee netted against revenue 111,961.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Production taxes netted against revenue 36,424. Management fee netted against revenue 111,961.”

Raw XML AppendixShowing 400 of 491 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.

Path#Value
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IRS990/MissionDesc0THE MISSION OF THE GLASS-GLEN BURNIE FOUNDATION (THE "FOUNDATION") IS EXCLUSIVELY CHARITABLE AND EDUCATIONAL, SPECIFICALLY TO RESTORE, MAINTAIN, AND SUPPORT THE HISTORIC PROPERTIES AND GROUNDS THAT THE FOUNDATION OWNS IN THE VICINITY OF WINCHESTER, VIRGINIA FOR EDUCATIONAL AND PUBLIC BENEFIT AND TO ENDOW A MUSEUM THAT INCLUDES 18TH AND EARLY 19TH CENTURY AMERICAN AND ENGLISH ART ALONG WITH ADDITIONS MADE TO THE COLLECTIONS. THE FOUNDATION FULFILLS ITS MISSION THROUGH THE CREATION AND CONTINUING SUPPORT OF THE GLASS-GLEN BURNIE MUSEUM, INC. (DOING BUSINESS AS THE MUSEUM OF THE SHENANDOAH VALLEY) (THE "MSV"), WHICH OPERATES A MUSEUM ON THE FOUNDATION'S WINCHESTER PROPERTY THAT PROVIDES A WIDE VARIETY OF GALLERIES, EXHIBITIONS, AND EDUCATIONAL PROGRAMS, CARES FOR THE FOUNDATION'S HISTORIC PROPERTIES AND GROUNDS, OPERATES A 90-ACRE ART PARK ON THE GROUNDS, AND PRESERVES THE LARGEST GREEN SPACE AND ONLY WORKING FARM IN THE CITY OF WINCHESTER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt051566185
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05458655
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05458655
IRS990/NetUnrelatedBusTxblIncmAmt079962
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04353
IRS990/OfficeExpensesGrp/TotalAmt04353
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1UBIT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2458
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALLAN G PATERSON
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IRS990/ReportOtherAssetsInd00
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt01246605
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02012807
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01656693
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PURPOSES OF THE GLASS-GLEN BURNIE FOUNDATION (FOUNDATION) ARE (I) THE RESTORATION AND MAINTENANCE OF HISTORIC PROPERTIES ACQUIRED IN THE VICINITY OF WINCHESTER, VIRGINIA, SO THAT SUCH PROPERTIES WILL BE PRESERVED AS HISTORIC BUILDING AND GROUNDS FOR EDUCATIONAL AND OTHER BENEFIT OF THE PUBLIC FOREVER AND (II) THEREBY ENDOW A MUSEUM OF 18TH AND EARLY 19TH CENTURY AMERICAN AND ENGLISH ART. IT IS INTENDED THAT RESTORATION AND MAINTENANCE WILL INCLUDE NOT ONLY THE BUILDINGS AND ALSO FURNITURE, FIXTURES AND FURNISHING INSIDE THE BUILDINGS AND THAT FUNDS, WHEN AVAILABLE, WILL BE USED TO MAKE ADDITIONS TO THE FOUNDATION'S COLLECTIONS. ALL PROPERTY AND ASSETS OF THE GLASS-GLEN BURNIE FOUNDATION SHALL BE USED WITHIN THE UNITED STATES EXCLUSIVELY FOR THE AFORESAID EDUCATIONAL PURPOSES AND FOR NO OTHER PURPOSE. TO ACHIEVE THIS PURPOSE, THE FOUNDATION CAUSED THE CREATION OF THE GLASS-GLEN BURNIE MUSEUM, INC. DBA: THE MUSEUM OF THE SHENANDOAH VALLEY, WHICH IS THE FOUNDATION'S SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALL 6 FOUNDATION TRUSTEES ARE ON THE GOVERNING BODY OF THE MUSEUM AND HAVE A CLOSE WORKING RELATIONSHIP. THE FOUNDATION AND THE EXECUTIVE BOARD OF THE MUSEUM ALSO HAS ONE JOINT BOARD MEETING PER YEAR. SUBSTANTIALLY ALL THE FOUNDATION'S ACTIVITIES ARE TO FURTHER THE ACTIVITIES OF THE MUSEUM.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2AS DESCRIBED ABOVE, SUBSTANTIALLY ALL OF THE ORGANIZATION'S ACTIVITIES DURING THE TAX YEAR DIRECTLY FURTHER THE EXEMPT PURPOSE OF THE GLASS-GLEN BURNIE MUSEUM (THE SUPPORTED ORGANIZATION). THE FOUNDATION IS RESPONSIVE TO THE MUSEUM BY HAVING ALL TRUSTEES OF THE FOUNDATION SERVE ON THE BOARD OF THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3AS DESCRIBED ABOVE, THE ACTIVITIES ENGAGED IN BY THE FOUNDATION ARE NECESSARY FOR THE MUSEUM (THE SUPPORTED ORGANIZATION), AND WERE IT NOT FOR THE ACTIVITIES CONDUCTED BY THE FOUNDATION, THE MUSEUM WOULD HAVE TO PERFORM THE FUNCTIONS OF RESTORATION AND MAINTENANCE OF THE HISTORIC PROPERTIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 1:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0541857973
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03804324
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GLASS-GLEN BURNIE MUSEUM INC (DBA MUSEUM OF THE SHENANDOAH VALLEY)
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt03804324
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14124255
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt29579232
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt62226175
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt75300000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt810123240
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CHAMPLAIN SMALL CAP FUND LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CARLYLE CREDIT OPPORTUNITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PGIM CORE BOND FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3DEERPATH CAPITAL ADVANTAGE IV
IRS990ScheduleD/OtherSecuritiesGrp/Desc4CALIBRATE VENTURES LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CALIBRATE VENTURES II LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc6NINETY-ONE EMERGING MKTS EQ LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc7WCM FOCUSED GLOBAL GROWTH FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc8ARROWSTREET INTL EQ EAFE TR FD
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0310517
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IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS INTENDED THAT RESTORATION AND MAINTENANCE WILL INCLUDE NOT ONLY THE BUILDINGS ACQUIRED BUT ALSO THE GROUNDS SURROUNDING THE BUILDINGS AND ALSO FURNITURE, FIXTURES AND FURNISHINGS INSIDE THE BUILDINGS AND THAT FUNDS, WHEN AVAILABLE, WILL BE USED TO MAKE ADDITIONS TO THE FOUNDATION'S COLLECTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). ON APRIL 30, 2004, THE IRS APPROVED THE FOUNDATION'S REQUEST TO CHANGE ITS TAX STATUS, EFFECTIVE JANUARY 1, 1999, FROM A PRIVATE FOUNDATION TO A SUPPORT ORGANIZATION UNDER IRC SECTION 509(A)(3), UNDER SECTION 501(C)(6) OF THE IRC, THE FOUNDATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME, AS A RESULT OF OWNERSHIP IN VARIOUS INVESTMENT ENTITIES. THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2024, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PRODUCTION TAXES NETTED AGAINST REVENUE 36,424. MANAGEMENT FEE NETTED AGAINST REVENUE 111,961.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3PRODUCTION TAXES NETTED AGAINST REVENUE 36,424. MANAGEMENT FEE NETTED AGAINST REVENUE 111,961.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt039120516
IRS990ScheduleD/TotalExpensesPerForm990Amt04976630
IRS990ScheduleD/TotalRevenuePerForm990Amt07181916
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06871399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04666113
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt03804324
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE MUSEUM'S MONTHLY OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GLASS-GLEN BURNIE MUSEUM INC (DBA MUSEUM OF THE SHENANDOAH VALLEY)
IRS990ScheduleI/RecipientTable/RecipientEIN0541857973
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0901 AMHERST STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WINCHESTER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022601
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SUBSTANTIATION OF THE AMOUNT OF GRANTS GIVEN TO THE SUPPORTED ORGANIZATION ARE DOCUMENTED IN THE MINUTES OF THE TRUSTEE MEETINGS. THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH REVIEW OF THE SUPPORTED ORGANIZATION'S BUDGETS AND AUDITED FINANCIAL STATEMENTS. THE TRUSTEES OF THE FOUNDATION ALSO SERVE ON THE BOARD OF THE SUPPORTED ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY ALL TRUSTEES AT A TRUSTEE MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS PRESENTED TO THE TRUSTEES EACH YEAR FOR REVIEW, AND EACH TRUSTEE SIGNS THE POLICY EACH YEAR. THE POLICY DEFINES WHEN A CONFLICT COULD ARISE AND THAT WHEN THE CONFLICT IS DISCLOSED THE TRUSTEE SHALL RECUSE HIMSELF OR HERSELF FROM DISCUSSION ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION WAS SET IN 1997 AND REMAINED UNCHANGED UNTIL 2007. AT THAT TIME, A THIRD-PARTY COMPENSATION REASONABLENESS REPORT WAS UTILIZED TO INCREASE TRUSTEE FEES. CO-OPERATING TRUSTEE FEES WERE ESTABLISHED IN 2010 PURSUANT TO AN INDEPENDENT COMPENSATION STUDY. A THIRD PARTY COMPENSATION STUDY WAS COMPLETED BY STANFIELD + O'DELL IN LATE 2019. BASED ON THE FINDINGS OF THE STUDY, AN INCREASE IN TRUSTEE COMPENSATION WAS VOTED ON AND APPROVED AT THE OCTOBER 2019 TRUSTEE MEETING. CO-OPERATING TRUSTEE COMPENSATION WAS INCREASED FROM $30,000 TO $42,000 ANNUALLY, AND TRUSTEE COMPENSATION WAS INCREASED FROM $48,000 TO $67,200 ANNUALLY. THESE INCREASES BECAME EFFECTIVE ON JANUARY 1, 2020. ADDITIONALLY, THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED PERIODICALLY BY THE BOARD OF TRUSTEES. THIS PROCESS LAST OCCURRED IN 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GLASS-GLEN BURNIE MUSEUM INC (DBA MUSEUM OF THE SHENANDOAH VALLEY)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0541857973
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MUSEUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0901 AMHERST STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WINCHESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00

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