Boyd Tavern Foundation FY2021 filing

Tax-deductible

Boydton, VA501(c)(3)Since 1987EIN 54-1411256Revenue $23K in FY2021

On file with the IRSboydtavern.comPo Box 183, 23917-0183 · Boydton, VATax-exempt since Mar 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Restoration of Boyd Tavern-a local historic landmark. Additionally, the Foundation distributes educational material related to the historic significance of the area surrounding the community of boydton.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
3 of 6
filings with a surplus
Average deficit $10K a year · 25% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23K
-48% vs prior year
Spent
$88K
To programs
99%
Net assets
$510K
By yearFY2020–FY2025
Revenue
$23K
FY2021▼ -48%
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$23K
FY2022$36K
FY2023$21K
FY2024$58K
FY2025$50K
Expenses
$88K
FY2021▲ +136%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$88K
FY2022$43K
FY2023$47K
FY2024$38K
FY2025$36K
Net assets
$510K
FY2021▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$575K
FY2021$510K
FY2022$503K
FY2023$477K
FY2024$490K
FY2025$503K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Mar 1988.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $87K Management & general 0% · $62 Fundraising 0% · $413

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Boyd Tavern 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves a historic tavern and shares local history through educational materials.

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Provided by the organization

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1 program · $58K · in their own filed words · FY2021
01

The foundation is currently involved in the restoration of the boyd tavern, which is a historic landmark in the town of boydton, virginia.

$58Kprogram 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 2 funders$6K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$23K
Ln 12
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$7K
Money outPt IX
$88K
Ln 25
Programscol B$87K
Managementcol C$62
Fundraisingcol D$413
Owns and owesPt X
$510K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$510K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$7K
Total revenueLn 12$23K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$27K
Land, buildings, equipmentLn 10c$483K
Total assetsLn 16$510K
LiabilitiesLn 26$0
Net assetsLn 32$510K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$70K$27K
Land, buildings, equipmentLn 10c$505K$483K
Total assetsLn 16$575K$510K
LiabilitiesLn 26$0$0
Net assetsLn 32$575K$510K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$480$480
Office expensesLn 13$218$218
OccupancyLn 16$31K$31K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$2K$2K$62$413
Total functional expensesLn 25$88K$87K$62$413

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $50K$36K$13K$503K 990 PDF
FY2024 $58K$38K$19K$490K 990 PDF
FY2023 $21K$47K−$27K$477K 990 PDF
FY2022 $36K$43K−$7K$503K 990 PDF
FY2021 Viewing $23K$88K−$65K$510K 990 PDF
FY2020 $44K$37K$7K$575K 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 FY2021 990 (6 parts)
Part I · Summary $23,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,493$15,771
I-9 Program service revenuePrior year $7,820$7,240
I-10 Investment incomePrior year $5$0
I-11 Other revenue$0
I-12 Total revenuePrior year $44,318$23,011
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,028$87,553
I-18 Total expensesPrior year $37,028$87,553
I-19 Revenue less expensesPrior year $7,290−$64,542
Part VI · Governance 11 of 11 board members independent, 5 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $23,011 across 4 lines filed
VIII-1f All other contributions, gifts and grants$15,771
VIII-1h Total contributions, gifts and grants$15,771
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $7,240$7,240
VIII-12 Total revenueUnrelated business $7,240$23,011
Part IX · Statement of functional expenses $87,553 across 7 lines filed
IX-11c Accounting feesPrograms $480$480
IX-13 Office expensesPrograms $218$218
IX-16 OccupancyPrograms $31,140$31,140
IX-22 Depreciation, depletion and amortizationPrograms $21,610$21,610
IX-23 InsurancePrograms $3,074$3,074
IX-24 Other expenses (24a–d)Programs $28,640$28,640
IX-24e All other expensesPrograms $1,916 · Management $62 · Fundraising $413$2,391
IX-25 Total functional expensesPrograms $87,078 · Management $62 · Fundraising $413$87,553
Part X · Balance sheet $510,305 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $51,899$8,972
X-2 Savings and temporary cash investmentsStart of year $18,077$18,072
X-10c Land, buildings and equipment, netStart of year $504,871$483,261
X-16 Total assetsStart of year $574,847$510,305
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $574,847$510,305
X-32 Total net assets or fund balancesStart of year $574,847$510,305
X-33 Total liabilities and net assetsStart of year $574,847$510,305
Part XI · Reconciliation of net assets $510,305 net assets at year end
XI-1 Total revenue$23,011
XI-2 Total expenses$87,553
XI-3 Revenue less expenses−$64,542
XI-4 Net assets at start of year$574,847
XI-10 Net assets at end of year$510,305

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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