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Boyd Tavern Foundation FY2023 filing

Tax-deductible

Boydton, VA501(c)(3)Since 1987EIN 54-1411256Revenue $21K in FY2023

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.
90¢ 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
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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 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
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
$21K
-43% vs prior year
Spent
$47K
To programs
90%
Net assets
$477K
By yearFY2020–FY2025
Revenue
$21K
FY2023▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$23K
FY2022$36K
FY2023$21K
FY2024$58K
FY2025$50K
Expenses
$47K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$88K
FY2022$43K
FY2023$47K
FY2024$38K
FY2025$36K
Net assets
$477K
FY2023▼ -5%
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 FY2023 Form 990 · 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 Mar 1988.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $43K Management & general 0% · $109 Fundraising 10% · $5K

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
$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 · $43K · in their own filed words · FY2023
01

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

$43Kprogram 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$6K
Leight M Wilson Foundation INCFY2024$250
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$21K
Ln 12
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$4K
Investment incomeLn 3$14
Money outPt IX
$47K
Ln 25
Programscol B$43K
Managementcol C$109
Fundraisingcol D$5K
Owns and owesPt X
$477K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$477K
LiabilitiesLn 26$0
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$16K
Investment incomeLn 3$14
Other incomeLn 4–11$4K
Total revenueLn 12$21K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$440K
Total assetsLn 16$477K
LiabilitiesLn 26$0
Net assetsLn 32$477K
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 FY23End FY23
Cash and savingsLn 1–2$42K$37K
Land, buildings, equipmentLn 10c$462K$440K
Total assetsLn 16$503K$477K
LiabilitiesLn 26$0$0
Net assetsLn 32$503K$477K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$240$240
Other fees for servicesLn 11g$30$30
Advertising and promotionLn 12$125$125
Office expensesLn 13$412$412
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$7K$3K$4K
All other expensesLn 24e$651$132$109$410
Total functional expensesLn 25$47K$43K$109$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $50K$36K$13K$503K 990 PDF
FY2024 $58K$38K$19K$490K 990 PDF
FY2023 Viewing $21K$47K−$27K$477K 990 PDF
FY2022 $36K$43K−$7K$503K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $20,657 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,602$16,166
I-9 Program service revenue$0
I-10 Investment incomePrior year $12$14
I-11 Other revenuePrior year $1,368$4,477
I-12 Total revenuePrior year $35,982$20,657
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 $42,897$47,280
I-18 Total expensesPrior year $42,897$47,280
I-19 Revenue less expensesPrior year −$6,915−$26,623
Part VI · Governance 10 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $20,657 across 7 lines filed
VIII-1f All other contributions, gifts and grants$16,166
VIII-1h Total contributions, gifts and grants$16,166
VIII-3 Investment incomeRelated to mission $14$14
VIII-6 Net rental income or lossUnrelated business −$8,460−$8,460
VIII-8 Net income from fundraising events$6,561
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,376$6,376
VIII-12 Total revenueRelated to mission $6,390 · Unrelated business −$8,460$20,657
Part IX · Statement of functional expenses $47,280 across 9 lines filed
IX-11c Accounting feesPrograms $240$240
IX-11g Other fees for servicesPrograms $30$30
IX-12 Advertising and promotionPrograms $125$125
IX-13 Office expensesPrograms $412$412
IX-16 OccupancyPrograms $14,276$14,276
IX-22 Depreciation, depletion and amortizationPrograms $21,612$21,612
IX-23 InsurancePrograms $3,094$3,094
IX-24 Other expenses (24a–d)Programs $2,726 · Fundraising $4,114$6,840
IX-24e All other expensesPrograms $132 · Management $109 · Fundraising $410$651
IX-25 Total functional expensesPrograms $42,647 · Management $109 · Fundraising $4,524$47,280
Part X · Balance sheet $476,767 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $23,668$18,643
X-2 Savings and temporary cash investmentsStart of year $18,072$18,086
X-10c Land, buildings and equipment, netStart of year $461,650$440,038
X-16 Total assetsStart of year $503,390$476,767
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $503,390$476,767
X-32 Total net assets or fund balancesStart of year $503,390$476,767
X-33 Total liabilities and net assetsStart of year $503,390$476,767
Part XI · Reconciliation of net assets $476,767 net assets at year end
XI-1 Total revenue$20,657
XI-2 Total expenses$47,280
XI-3 Revenue less expenses−$26,623
XI-4 Net assets at start of year$503,390
XI-10 Net assets at end of year$476,767

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

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