Belle Grove INC

Tax-deductible

Middletown, VA501(c)(3)Arts & CultureEIN 54-1047175Revenue $908K in FY2025

On file with the IRSbellegrove.orgPo Box 537, 22645-0537 · Middletown, VATax-exempt since Apr 1979Publicly supported charity — 170(b)(1)(A)(vi)

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To maintain historic property of Belle Grove INC for the educational use of the general public

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
6 of 6
filings with a surplus
Average surplus $659K a year · 52% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 14% of spending
Top officer’s pay higher than 82% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $1.1M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$45K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$908K
-68% vs prior year
Spent
$637K
To programs
69%
Net assets
$6.2M
By yearFY2020–FY2025
Revenue
$908K
FY2025▼ -68%
Tap a bar for its year
Revenue by fiscal year
FY2020$523K
FY2021$1.5M
FY2022$576K
FY2023$1.2M
FY2024$2.8M
FY2025$908K
Expenses
$637K
FY2025▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$470K
FY2021$495K
FY2022$566K
FY2023$663K
FY2024$808K
FY2025$637K
Net assets
$6.2M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$3.4M
FY2022$3.4M
FY2023$3.9M
FY2024$6.0M
FY2025$6.2M

From the FY2025 Form 990 · 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 Apr 1979.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $437K Management & general 31% · $197K Fundraising 0% · $3K

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

19 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$88,157Pt VII · Sec A
Chair Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kristen Laise’s $88K as Executive Director is at the 82nd percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Kristen Laise$88,157$86,839$86,515$80,524

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Belle Grove INC 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 Belle Grove's historic property for public education.

Questions for Belle Grove INC

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Provided by the organization

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1 program · $437K · in their own filed words · FY2025
01

To educate the public through tours and programs sponsored by belle grove inc

$437Kprogram 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
Total grants receivedfrom 4 funders$1.1M
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$908K
Ln 12
Other incomeLn 4–11$458K
Gifts and grantsLn 1h$323K
Fees for servicesLn 2g$126K
Money outPt IX
$637K
Ln 25
Programscol B$437K
Managementcol C$197K
Fundraisingcol D$3K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$549K
Total assetsLn 16$6.3M
LiabilitiesLn 26$45K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$323K
Fees for servicesLn 2g$126K
Other incomeLn 4–11$458K
Total revenueLn 12$908K
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$465K
Cash and savings togetherLn 1–2$549K
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$344K
Total assetsLn 16$6.3M
LiabilitiesLn 26$45K
Net assetsLn 32$6.2M
OperationsPt I, VI
EmployeesI 510
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 FY25End FY25
Cash and savingsLn 1–2$700K$549K
InvestmentsLn 11–13$3.6M$4.0M
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$6.1M$6.3M
LiabilitiesLn 26$98K$45K
Net assetsLn 32$6.0M$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$261K$188K$73K
Other employee benefitsLn 9$33K$24K$9K
Payroll taxesLn 10$19K$14K$5K
Accounting feesLn 11c$15K$15K
Advertising and promotionLn 12$12K$9K$902$3K
Office expensesLn 13$1K$952$370
Information technologyLn 14$11K$11K
OccupancyLn 16$161K$116K$45K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$5K$4K$1K
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$24K$22K$2K
All other expensesLn 24e$17K$7K$10K
Total functional expensesLn 25$637K$437K$197K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $908K$637K$271K$6.2M 990 PDF
FY2024 $2.8M$808K$2.0M$6.0M 990 PDF
FY2023 $1.2M$663K$548K$3.9M 990 PDF
FY2022 $576K$566K$11K$3.4M 990 PDF
FY2021 $1.5M$495K$1.0M$3.4M 990 PDF
FY2020 $523K$470K$53K$2.3M 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 FY2025 990 (6 parts)
Part I · Summary $907,772 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,464,237$323,232
I-9 Program service revenuePrior year $128,680$126,265
I-10 Investment income$0
I-11 Other revenuePrior year $236,333$458,275
I-12 Total revenuePrior year $2,829,250$907,772
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $312,913$313,631
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $495,441$322,961
I-18 Total expensesPrior year $808,354$636,592
I-19 Revenue less expensesPrior year $2,020,896$271,180
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $907,772 across 7 lines filed
VIII-1b Membership dues$21,810
VIII-1f All other contributions, gifts and grants$301,422
VIII-1h Total contributions, gifts and grants$323,232
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $126,265$126,265
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $458,275$458,275
VIII-12 Total revenueRelated to mission $584,540 · Unrelated business $0 · Excluded from tax $0$907,772
Part IX · Statement of functional expenses $636,592 across 14 lines filed
IX-7 Other salaries and wagesPrograms $187,730 · Management $73,006$260,736
IX-9 Other employee benefitsPrograms $24,052 · Management $9,353$33,405
IX-10 Payroll taxesPrograms $14,033 · Management $5,457$19,490
IX-11c Accounting feesManagement $15,063$15,063
IX-12 Advertising and promotionPrograms $8,812 · Management $902 · Fundraising $2,571$12,285
IX-13 Office expensesPrograms $952 · Management $370$1,322
IX-14 Information technologyManagement $10,870$10,870
IX-16 OccupancyPrograms $115,905 · Management $45,074$160,979
IX-17 TravelPrograms $1,345$1,345
IX-19 Conferences, conventions and meetingsPrograms $3,731 · Management $1,451$5,182
IX-22 Depreciation, depletion and amortizationPrograms $50,378$50,378
IX-23 InsuranceManagement $23,663$23,663
IX-24 Other expenses (24a–d)Programs $22,221 · Management $2,252$24,473
IX-24e All other expensesPrograms $7,366 · Management $10,035$17,401
IX-25 Total functional expensesPrograms $436,525 · Management $197,496 · Fundraising $2,571$636,592
Part X · Balance sheet $6,270,706 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $159,659$84,455
X-2 Savings and temporary cash investmentsStart of year $539,952$464,806
X-8 Inventories for sale or useStart of year $33,040$37,450
X-9 Prepaid expenses and deferred chargesStart of year $1,860$1,860
X-10c Land, buildings and equipment, netStart of year $1,398,611$1,384,790
X-13 Program-related investmentsStart of year $3,574,959$3,952,957
X-15 Other assetsStart of year $344,388$344,388
X-16 Total assetsStart of year $6,052,469$6,270,706
X-17 Accounts payable and accrued expensesStart of year $97,682$44,724
X-26 Total liabilitiesStart of year $97,682$44,724
X-27 Net assets without donor restrictionsStart of year $5,414,835$5,761,176
X-28 Net assets with donor restrictionsStart of year $539,952$464,806
X-32 Total net assets or fund balancesStart of year $5,954,787$6,225,982
X-33 Total liabilities and net assetsStart of year $6,052,469$6,270,706
Part XI · Reconciliation of net assets $6,225,982 net assets at year end
XI-1 Total revenue$907,772
XI-2 Total expenses$636,592
XI-3 Revenue less expenses$271,180
XI-4 Net assets at start of year$5,954,787
XI-8 Prior period adjustments$15
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,225,982

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

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