philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Virginia Project INC FY2022 filing

Tax-deductible

Bath, ME501(c)(3)Arts & CultureEIN 04-3364532Revenue $160K in FY2022

On file with the IRSmfship.orgPo Box 231, 04530-0231 · Bath, METax-exempt since Jul 1998Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Reconstruction of 1607 pinnace Virginia of sagadahoc

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $36K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$160K
-24% vs prior year
Spent
$236K
To programs
83%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$160K
FY2022▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$236K
FY2021$212K
FY2022$160K
FY2023$267K
FY2024$210K
Expenses
$236K
FY2022▲ +166%
Tap a bar for its year
Expenses by fiscal year
FY2020$81K
FY2021$89K
FY2022$236K
FY2023$232K
FY2024$265K
Net assets
$1.1M
FY2022▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $195K Management & general 8% · $19K Fundraising 9% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Orman Hines
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lori Benson
Co-President
$0Pt VII · Sec A
Jeremy Blaiklock
Co-President
$0Pt VII · Sec A
Paul Johnson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Virginia Project INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Reconstructs the 1607 Pinnace Virginia of Sagadahoc.

Questions for Virginia Project INC

Tap to ask. Virginia Project INC sees how many people are interested.

Your first name shows with your question. Virginia Project INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $195K · in their own filed words · FY2022
01

Reconstruction of 1607 pinnace viriginia of sagadahoc and promotion of the history of maine's first english settlement and early shipbuilding heritage

$195Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$160K
Ln 12
Gifts and grantsLn 1h$140K
Other incomeLn 4–11$11K
Fees for servicesLn 2g$5K
Money outPt IX
$236K
Ln 25
Programscol B$195K
Managementcol C$19K
Fundraisingcol D$22K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$1.1M
LiabilitiesLn 26$9K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$140K
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$5K
Investment incomeLn 3$4K
Other incomeLn 4–11$11K
Gains on assetsLn 7−$4K
Total revenueLn 12$160K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
InvestmentsLn 11–13$983K
Land, buildings, equipmentLn 10c$121K
Total assetsLn 16$1.1M
LiabilitiesLn 26$9K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$173K$40K
InvestmentsLn 11–13$974K$983K
Land, buildings, equipmentLn 10c$128K$121K
Total assetsLn 16$1.3M$1.1M
LiabilitiesLn 26$2K$9K
Net assetsLn 32$1.3M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$84K$68K$7K$9K
Payroll taxesLn 10$6K$5K$191$679
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$11K$8K$1K$1K
Information technologyLn 14$349$349
OccupancyLn 16$23K$20K$2K$2K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$8K$8K$86
InsuranceLn 23$13K$11K$2K$16
Other expenses (24a–d)Ln 24$70K$62K$1K$7K
All other expensesLn 24e$18K$12K$3K$3K
Total functional expensesLn 25$236K$195K$19K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $210K$265K−$56K$1.2M 990 PDF
FY2023 $267K$232K$35K$1.2M 990 PDF
FY2022 Viewing $160K$236K−$75K$1.1M 990 PDF
FY2021 $212K$89K$123K$1.3M 990 PDF
FY2020 $236K$81K$154K$1.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $160,473 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $183,068$140,399
I-9 Program service revenuePrior year $212$4,755
I-10 Investment incomePrior year $16,290$3,944
I-11 Other revenuePrior year $12,093$11,375
I-12 Total revenuePrior year $211,663$160,473
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,350$90,083
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,215$145,856
I-18 Total expensesPrior year $88,565$235,939
I-19 Revenue less expensesPrior year $123,098−$75,466
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $160,473 across 8 lines filed
VIII-1f All other contributions, gifts and grants$140,399
VIII-1g Noncash contributions (included above)$9,998
VIII-1h Total contributions, gifts and grants$140,399
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $4,755$4,755
VIII-3 Investment incomeExcluded from tax $8,250$8,250
VIII-6 Net rental income or lossExcluded from tax $11,375$11,375
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,306−$4,306
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,074$160,473
Part IX · Statement of functional expenses $235,939 across 11 lines filed
IX-7 Other salaries and wagesPrograms $68,272 · Management $6,975 · Fundraising $8,534$83,781
IX-10 Payroll taxesPrograms $5,432 · Management $191 · Fundraising $679$6,302
IX-11f Investment management feesManagement $2,111$2,111
IX-11g Other fees for servicesPrograms $7,798 · Management $1,433 · Fundraising $1,293$10,524
IX-14 Information technologyManagement $349$349
IX-16 OccupancyPrograms $19,773 · Management $1,658 · Fundraising $1,565$22,996
IX-17 TravelPrograms $1,593$1,593
IX-22 Depreciation, depletion and amortizationPrograms $7,648 · Management $86$7,734
IX-23 InsurancePrograms $10,769 · Management $1,915 · Fundraising $16$12,700
IX-24 Other expenses (24a–d)Programs $61,707 · Management $1,347 · Fundraising $7,113$70,167
IX-24e All other expensesPrograms $11,794 · Management $3,300 · Fundraising $2,588$17,682
IX-25 Total functional expensesPrograms $194,786 · Management $19,365 · Fundraising $21,788$235,939
Part X · Balance sheet $1,146,796 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $173,170$39,737
X-3 Pledges and grants receivableStart of year $3,532$0
X-8 Inventories for sale or useStart of year $5,804$3,838
X-10c Land, buildings and equipment, netStart of year $128,406$120,672
X-11 Publicly traded securitiesStart of year $433,432$343,913
X-13 Program-related investmentsStart of year $540,144$638,636
X-16 Total assetsStart of year $1,285,068$1,146,796
X-17 Accounts payable and accrued expensesStart of year $2,233$8,689
X-26 Total liabilitiesStart of year $2,233$8,689
X-32 Total net assets or fund balancesStart of year $1,282,835$1,138,107
X-33 Total liabilities and net assetsStart of year $1,285,068$1,146,796
Part XI · Reconciliation of net assets $1,138,107 net assets at year end
XI-1 Total revenue$160,473
XI-2 Total expenses$235,939
XI-3 Revenue less expenses−$75,466
XI-4 Net assets at start of year$1,282,835
XI-5 Net unrealized gains (losses) on investments−$69,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,138,107

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.