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Patrick Henry Memorial Foundation FY2023 filing

Tax-deductible

Brookneal, VA501(c)(3)Arts & CultureEIN 54-0662892Revenue $1.0M in FY2023

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.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 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
$81K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-10% vs prior year
Spent
$1.4M
To programs
79%
Net assets
$15.8M
By yearFY2021–FY2025
Revenue
$1.0M
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2023$1.0M
FY2024$2.9M
FY2025$2.0M
Expenses
$1.4M
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2023$1.4M
FY2024$3.3M
FY2025$1.6M
Net assets
$15.8M
FY2023▼ -6%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

79 cents of each dollar spent went to programs.

Program services 79% · $1.1M Management & general 11% · $154K Fundraising 9% · $126K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Ward Burton
Director
$0Pt VII · Sec A
Jean Elliott
Director
$0Pt VII · Sec A
Mark Holman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Madden
Director Vi
$0Pt VII · Sec A
$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 · $1.1M · in their own filed words · FY2022
01

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

$1.1Mprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$712K
Investment incomeLn 3$197K
Other incomeLn 4–11$82K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$154K
Fundraisingcol D$126K
Owns and owesPt X
$15.8M
net assets · Ln 32
Cash and savingsLn 1–2$729K
Total assetsLn 16$15.9M
LiabilitiesLn 26$81K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$712K
Government grantsLn 1e$2K
Noncash giftsLn 1g$4K
Fees for servicesLn 2g$18K
Investment incomeLn 3$197K
Other incomeLn 4–11$82K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$729K
Cash and savings togetherLn 1–2$729K
InvestmentsLn 11–13$385K
Land, buildings, equipmentLn 10c$5.4M
Other assetsLn 15$9.4M
Total assetsLn 16$15.9M
LiabilitiesLn 26$81K
Net assetsLn 32$15.8M
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 FY23End FY23
Cash and savingsLn 1–2$730K$729K
InvestmentsLn 11–13$348K$385K
Land, buildings, equipmentLn 10c$5.5M$5.4M
Total assetsLn 16$15.3M$15.9M
LiabilitiesLn 26$37K$81K
Net assetsLn 32$15.3M$15.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$389K$331K$24K$34K
Pension plan contributionsLn 8$8K$6K$702$826
Other employee benefitsLn 9$29K$27K$836$1K
Payroll taxesLn 10$30K$26K$2K$3K
Investment management feesLn 11f$73K$73K
Other fees for servicesLn 11g$137K$58K$10K$68K
Advertising and promotionLn 12$52K$39K$13K
Office expensesLn 13$60K$29K$27K$4K
TravelLn 17$9K$5K$3K
InterestLn 20$363$363
Depreciation, depletion and amortizationLn 22$235K$235K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$255K$240K$13K$2K
All other expensesLn 24e$48K$48K
Total functional expensesLn 25$1.4M$1.1M$154K$126K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.6M$330K$18.6M 990 PDF
FY2024 $2.9M$3.3M−$396K$17.3M 990 PDF
FY2023 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,009,175 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $850,522$711,992
I-9 Program service revenuePrior year $15,784$17,805
I-10 Investment incomePrior year $383,408$197,402
I-11 Other revenuePrior year $135,678$81,976
I-12 Total revenuePrior year $1,385,392$1,009,175
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $422,713$455,449
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $847,284$897,345
I-18 Total expensesPrior year $1,269,997$1,352,794
I-19 Revenue less expensesPrior year $115,395−$343,619
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,009,175 across 10 lines filed
Lines not itemized here account for $1,292 of total revenue; see the IRS return.
VIII-1e Government grants$2,500
VIII-1f All other contributions, gifts and grants$709,492
VIII-1g Noncash contributions (included above)$4,000
VIII-1h Total contributions, gifts and grants$711,992
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,805$17,805
VIII-3 Investment incomeExcluded from tax $197,402$197,402
VIII-6 Net rental income or lossRelated to mission $78,782$78,782
VIII-8 Net income from fundraising events$886
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,016$1,016
VIII-12 Total revenueRelated to mission $97,879 · Excluded from tax $198,418$1,009,175
Part IX · Statement of functional expenses $1,352,794 across 14 lines filed
IX-7 Other salaries and wagesPrograms $331,313 · Management $24,037 · Fundraising $33,634$388,984
IX-8 Pension plan contributionsPrograms $6,067 · Management $702 · Fundraising $826$7,595
IX-9 Other employee benefitsPrograms $26,807 · Management $836 · Fundraising $1,268$28,911
IX-10 Payroll taxesPrograms $25,536 · Management $1,844 · Fundraising $2,579$29,959
IX-11f Investment management feesManagement $72,966$72,966
IX-11g Other fees for servicesPrograms $58,446 · Management $9,869 · Fundraising $68,500$136,815
IX-12 Advertising and promotionPrograms $39,084 · Fundraising $13,373$52,457
IX-13 Office expensesPrograms $29,287 · Management $26,819 · Fundraising $3,771$59,877
IX-17 TravelPrograms $5,155 · Management $3,411$8,566
IX-20 InterestManagement $363$363
IX-22 Depreciation, depletion and amortizationPrograms $235,342$235,342
IX-23 InsurancePrograms $28,644$28,644
IX-24 Other expenses (24a–d)Programs $239,552 · Management $12,983 · Fundraising $2,266$254,801
IX-24e All other expensesPrograms $47,514$47,514
IX-25 Total functional expensesPrograms $1,072,747 · Management $153,830 · Fundraising $126,217$1,352,794
Part X · Balance sheet $15,886,177 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $730,405$728,933
X-8 Inventories for sale or useStart of year $59,941$45,898
X-9 Prepaid expenses and deferred chargesStart of year $4,758$6,564
X-10c Land, buildings and equipment, netStart of year $5,506,449$5,367,042
X-11 Publicly traded securitiesStart of year $347,828$385,440
X-15 Other assetsStart of year $8,688,632$9,352,300
X-16 Total assetsStart of year $15,338,378$15,886,177
X-17 Accounts payable and accrued expensesStart of year $5,210$20,751
X-25 Other liabilitiesStart of year $573$4,588
X-26 Total liabilitiesStart of year $36,520$81,110
X-27 Net assets without donor restrictionsStart of year $6,156,356$5,801,200
X-28 Net assets with donor restrictionsStart of year $9,145,502$10,003,867
X-32 Total net assets or fund balancesStart of year $15,301,858$15,805,067
X-33 Total liabilities and net assetsStart of year $15,338,378$15,886,177
Part XI · Reconciliation of net assets $15,805,067 net assets at year end
XI-1 Total revenue$1,009,175
XI-2 Total expenses$1,352,794
XI-3 Revenue less expenses−$343,619
XI-4 Net assets at start of year$15,301,858
XI-5 Net unrealized gains (losses) on investments$846,828
XI-10 Net assets at end of year$15,805,067

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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