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Patrick Henry Memorial Foundation

Tax-deductible

Brookneal, VA501(c)(3)Arts & Culture EIN 54-0662892Revenue $2.0M in FY2025

On file with the IRSredhill.org1250 Red Hill Rd, 24528-3302 · Brookneal, VATax-exempt since Jul 1979Publicly supported charity — 170(b)(1)(A)(vi)

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The Patrick Henry Memorial Foundation possesses the largest collection of Patrick Henry artifacts and memorabilia in the nation. The purpose of this collection is to aid in educating the public about the life, times, philosophy, and contributions to posterity of Patrick Henry.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 25 volunteers and 21 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $96K a year · 6% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-32% vs prior year
Spent
$1.6M
To programs
80%
Net assets
$18.6M
By yearFY2021–FY2025
Revenue
$2.0M
FY2025▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2023$1.0M
FY2024$2.9M
FY2025$2.0M
Expenses
$1.6M
FY2025▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2023$1.4M
FY2024$3.3M
FY2025$1.6M
Net assets
$18.6M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$16.9M
FY2023$15.8M
FY2024$17.3M
FY2025$18.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1979.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.3M Management & general 13% · $214K Fundraising 7% · $107K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Lisa Beal
Director
$0Pt VII · Sec A
Ward Burton
Director
$0Pt VII · Sec A
Guy Dixon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Madden
Director Vi
$0Pt VII · Sec A
See Patrick Henry Memorial Foundation executive salaries →

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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 15aYes

Programs and updates

Preserves and displays Patrick Henry's artifacts to educate the public about his life and contributions.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2024
01

The foundation maintains and interprets red hill, patrick henry's last home and burial place, as a historical site and museum.

$1.3Mprogram 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 · FY2025
Jamerson Family Fdn Irrv Char TrFY2025$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$391K
Investment incomeLn 3$251K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$214K
Fundraisingcol D$107K
Owns and owesPt X
$18.6M
net assets · Ln 32
Cash and savingsLn 1–2$973K
Total assetsLn 16$18.6M
LiabilitiesLn 26$23K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$1K
Fees for servicesLn 2g$21K
Investment incomeLn 3$251K
Other incomeLn 4–11$391K
Gains on assetsLn 7$17K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$973K
Cash and savings togetherLn 1–2$973K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$5.3M
Other assetsLn 15$11.1M
Total assetsLn 16$18.6M
LiabilitiesLn 26$23K
Net assetsLn 32$18.6M
OperationsPt I, VI
EmployeesI 521
VolunteersI 625
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$629K$973K
InvestmentsLn 11–13$1.0M$1.2M
Land, buildings, equipmentLn 10c$5.2M$5.3M
Total assetsLn 16$17.4M$18.6M
LiabilitiesLn 26$52K$23K
Net assetsLn 32$17.3M$18.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$648K$557K$40K$51K
Pension plan contributionsLn 8$11K$9K$654$1K
Other employee benefitsLn 9$31K$28K$904$2K
Payroll taxesLn 10$50K$43K$3K$4K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$93K$93K
Other fees for servicesLn 11g$58K$36K$22K
Advertising and promotionLn 12$54K$44K$10K
Office expensesLn 13$72K$48K$23K$1K
TravelLn 17$25K$23K$2K
InterestLn 20$575$575
Depreciation, depletion and amortizationLn 22$256K$230K$13K$13K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$256K$231K$22K$3K
All other expensesLn 24e$25K$25K
Total functional expensesLn 25$1.6M$1.3M$214K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$1.6M$330K$18.6M 990 PDF
FY2024 $2.9M$3.3M−$396K$17.3M 990 PDF
FY2023 $1.0M$1.4M−$344K$15.8M 990 PDF
FY2022 Not on file
FY2021 $1.1M$1.1M$24K$16.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,964,136 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,555,773$1,302,380
I-9 Program service revenuePrior year $22,378$20,521
I-10 Investment incomePrior year $214,123$250,640
I-11 Other revenuePrior year $115,653$390,595
I-12 Total revenuePrior year $2,907,927$1,964,136
I-13 Grants and similar amounts paidPrior year $1,609,800$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $612,398$739,836
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,081,343$894,650
I-18 Total expensesPrior year $3,303,541$1,634,486
I-19 Revenue less expensesPrior year −$395,614$329,650
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,964,136 across 10 lines filed
Lines not itemized here account for $14,944 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,302,380
VIII-1g Noncash contributions (included above)$1,029
VIII-1h Total contributions, gifts and grants$1,302,380
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,521$20,521
VIII-3 Investment incomeExcluded from tax $234,009$234,009
VIII-6 Net rental income or lossRelated to mission $87,286$87,286
VIII-7 Net gain or loss on sales of assetsRelated to mission $16,631$16,631
VIII-8 Net income from fundraising events$6,397
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $281,968$281,968
VIII-12 Total revenueRelated to mission $139,382 · Excluded from tax $515,977$1,964,136
Part IX · Statement of functional expenses $1,634,486 across 16 lines filed
IX-7 Other salaries and wagesPrograms $557,066 · Management $39,948 · Fundraising $51,466$648,480
IX-8 Pension plan contributionsPrograms $8,954 · Management $654 · Fundraising $1,087$10,695
IX-9 Other employee benefitsPrograms $28,363 · Management $904 · Fundraising $1,632$30,899
IX-10 Payroll taxesPrograms $42,757 · Management $3,062 · Fundraising $3,943$49,762
IX-11b Legal feesManagement $6,836$6,836
IX-11c Accounting feesManagement $8,943$8,943
IX-11f Investment management feesManagement $92,875$92,875
IX-11g Other fees for servicesPrograms $35,969 · Fundraising $22,000$57,969
IX-12 Advertising and promotionPrograms $44,103 · Fundraising $9,740$53,843
IX-13 Office expensesPrograms $48,391 · Management $22,731 · Fundraising $1,315$72,437
IX-17 TravelPrograms $23,060 · Management $2,037$25,097
IX-20 InterestManagement $575$575
IX-22 Depreciation, depletion and amortizationPrograms $230,349 · Management $12,796 · Fundraising $12,796$255,941
IX-23 InsurancePrograms $38,284$38,284
IX-24 Other expenses (24a–d)Programs $231,379 · Management $22,365 · Fundraising $2,715$256,459
IX-24e All other expensesPrograms $25,391$25,391
IX-25 Total functional expensesPrograms $1,314,066 · Management $213,726 · Fundraising $106,694$1,634,486
Part X · Balance sheet $18,643,564 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $628,826$973,442
X-3 Pledges and grants receivableStart of year $100,000$80,000
X-8 Inventories for sale or useStart of year $46,405$39,667
X-9 Prepaid expenses and deferred chargesStart of year $6,702$6,644
X-10c Land, buildings and equipment, netStart of year $5,212,729$5,294,331
X-11 Publicly traded securitiesStart of year $1,040,129$1,186,470
X-15 Other assetsStart of year $10,362,451$11,063,010
X-16 Total assetsStart of year $17,397,316$18,643,564
X-17 Accounts payable and accrued expensesStart of year $4,330$8,715
X-25 Other liabilitiesStart of year $15,561$14,422
X-26 Total liabilitiesStart of year $51,719$23,137
X-27 Net assets without donor restrictionsStart of year $6,205,934$6,912,829
X-28 Net assets with donor restrictionsStart of year $11,139,663$11,707,598
X-32 Total net assets or fund balancesStart of year $17,345,597$18,620,427
X-33 Total liabilities and net assetsStart of year $17,397,316$18,643,564
Part XI · Reconciliation of net assets $18,620,427 net assets at year end
XI-1 Total revenue$1,964,136
XI-2 Total expenses$1,634,486
XI-3 Revenue less expenses$329,650
XI-4 Net assets at start of year$17,345,597
XI-5 Net unrealized gains (losses) on investments$945,180
XI-10 Net assets at end of year$18,620,427

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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