Historic Fourth Ward School Foundation

Tax-deductible

Virginia City, NV501(c)(3)Arts & CultureEIN 88-0463462Revenue $400K in FY2024

On file with the IRSfourthwardschool.org537 S C St, 89440-0000 · Virginia City, NVTax-exempt since Sep 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To connect people to the relevance and importance of the Comstock story through its authentic preservation, interactive exhibitions, interpretive programs, and archival research center.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 6 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $85K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 18% of spending
Top officer’s pay higher than 69% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$104
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
-32% vs prior year
Spent
$415K
To programs
75%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$400K
FY2024▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$459K
FY2022$507K
FY2023$586K
FY2024$400K
Expenses
$415K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$247K
FY2021$324K
FY2022$371K
FY2023$367K
FY2024$415K
Net assets
$3.1M
FY2024-0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$2.9M
FY2023$3.1M
FY2024$3.1M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2000.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $309K Management & general 17% · $69K Fundraising 9% · $37K

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

7 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$73,987Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Theodora Stefu’s $74K as Executive Director is at the 69th 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Theodora Stefu$73,987$69,811$65,583$60,000$27,500
Lara Mather————$10,040

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 Historic Fourth Ward School 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 shares the Comstock story through exhibits, programs, and research.

Questions for Historic Fourth Ward School Foundation

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Provided by the organization

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3 programs · $309K · in their own filed words · FY2024
01

Continued the regular maintenance and necessary repairs and upgrades to the historic 1876 built Victorian four-story Fourth Ward School building. In 2024 interior building electrical improvements and upgrades were completed, along with installation of additional heating and cooling systems to serve certain sections of the building.

$216Kprogram expense
02

The museum welcomed 11,059 visitors, of which 2,354 were students/children for public tours. Our additional program activities for youth and adults served another 560 guests. Digital programming through a Virtual Museum Tour and a series of Nevada History Videos also expanded public access and education.

$74Kprogram expense
03

Managed our archival and artifact collection, as well as providing research assistance to the public through our Archives Research Center.

$19Kprogram 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 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$400K
Ln 12
Gifts and grantsLn 1h$296K
Fees for servicesLn 2g$78K
Other incomeLn 4–11$24K
Money outPt IX
$415K
Ln 25
Programscol B$309K
Managementcol C$69K
Fundraisingcol D$37K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$404K
Total assetsLn 16$3.1M
LiabilitiesLn 26$104
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$296K
Government grantsLn 1e$162K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$78K
Investment incomeLn 3$2K
Other incomeLn 4–11$24K
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$252K
SavingsLn 2$152K
Cash and savings togetherLn 1–2$404K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$3.1M
LiabilitiesLn 26$104
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 56
VolunteersI 66
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 FY24End FY24
Cash and savingsLn 1–2$343K$404K
Land, buildings, equipmentLn 10c$2.8M$2.7M
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$2K$104
Net assetsLn 32$3.1M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$74K$31K$32K$11K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$70K$54K$2K$14K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$13K$8K$3K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$18K$16K$1K
Advertising and promotionLn 12$284$284
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$48K$42K$3K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$138K$138K$284
InsuranceLn 23$12K$2K$9K$623
Other expenses (24a–d)Ln 24$19K$9K$4K$6K
All other expensesLn 24e$9K$6K$2K$1K
Total functional expensesLn 25$415K$309K$69K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $400K$415K−$14K$3.1M 990 PDF
FY2023 $586K$367K$219K$3.1M 990 PDF
FY2022 $507K$371K$136K$2.9M 990 PDF
FY2021 $459K$324K$136K$2.8M 990 PDF
FY2020 $196K$247K−$51K$2.6M 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 FY2024 990 (6 parts)
Part I · Summary $400,141 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $486,125$295,923
I-9 Program service revenuePrior year $75,527$77,665
I-10 Investment incomePrior year $12$2,366
I-11 Other revenuePrior year $24,590$24,187
I-12 Total revenuePrior year $586,254$400,141
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $145,771$157,808
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $221,705$256,827
I-18 Total expensesPrior year $367,476$414,635
I-19 Revenue less expensesPrior year $218,778−$14,494
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $400,141 across 12 lines filed
Lines not itemized here account for $12,258 of total revenue; see the IRS return.
VIII-1b Membership dues$18,779
VIII-1c Fundraising events$10,325
VIII-1e Government grants$161,900
VIII-1f All other contributions, gifts and grants$104,919
VIII-1g Noncash contributions (included above)$5,229
VIII-1h Total contributions, gifts and grants$295,923
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,188$77,188
VIII-3 Investment incomeExcluded from tax $2,366$2,366
VIII-6 Net rental income or lossRelated to mission $3,235 · Unrelated business $2,420$5,655
VIII-8 Net income from fundraising eventsExcluded from tax $6,253$6,253
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $498$498
VIII-12 Total revenueRelated to mission $90,847 · Unrelated business $4,254 · Excluded from tax $9,117$400,141
Part IX · Statement of functional expenses $414,635 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $31,049 · Management $32,235 · Fundraising $10,703$73,987
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $54,082 · Management $2,446 · Fundraising $13,897$70,425
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,038 · Management $3,081 · Fundraising $2,277$13,396
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $11,379$11,379
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $16,488 · Management $1,258$17,746
IX-12 Advertising and promotionPrograms $284$284
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $42,318 · Management $3,034 · Fundraising $2,243$47,595
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,649$1,649
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $138,041 · Management $284$138,325
IX-23 InsurancePrograms $2,197 · Management $9,331 · Fundraising $623$12,151
IX-24 Other expenses (24a–d)Programs $9,132 · Management $3,916 · Fundraising $5,741$18,789
IX-24e All other expensesPrograms $5,819 · Management $1,970 · Fundraising $1,120$8,909
IX-25 Total functional expensesPrograms $309,097 · Management $68,934 · Fundraising $36,604$414,635
Part X · Balance sheet $3,123,599 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $228,048$251,603
X-2 Savings and temporary cash investmentsStart of year $115,407$152,358
X-8 Inventories for sale or useStart of year $21,406$28,504
X-9 Prepaid expenses and deferred chargesStart of year $6,418$2,739
X-10c Land, buildings and equipment, netStart of year $2,768,430$2,688,395
X-16 Total assetsStart of year $3,139,709$3,123,599
X-17 Accounts payable and accrued expenses$104
X-26 Total liabilitiesStart of year $1,720$104
X-27 Net assets without donor restrictionsStart of year $3,031,862$3,008,464
X-28 Net assets with donor restrictionsStart of year $106,127$115,031
X-32 Total net assets or fund balancesStart of year $3,137,989$3,123,495
X-33 Total liabilities and net assetsStart of year $3,139,709$3,123,599
Part XI · Reconciliation of net assets $3,123,495 net assets at year end
XI-1 Total revenue$400,141
XI-2 Total expenses$414,635
XI-3 Revenue less expenses−$14,494
XI-4 Net assets at start of year$3,137,989
XI-10 Net assets at end of year$3,123,495

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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