Visit Bath County INC FY2023 filing

Warm Springs, VAUnknown exempt organizationSince 2022EIN 88-1219247

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To oversee the promotion of Bath County and to sustain and grow tourism.

88¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 2
filings with a surplus
Average surplus $40K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$85K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$503K
Spent
$373K
To programs
88%
Net assets
$130K
By yearFY2023–FY2024
Revenue
$503K
FY2023
Revenue by fiscal year
FY2023$503K
FY2024$697K
FY2024$1.3M
Expenses
$373K
FY2023
Expenses by fiscal year
FY2023$373K
FY2024$747K
FY2024$825K
Net assets
$130K
FY2023
Net assets by fiscal year
FY2023$130K
FY2024$79K
FY2024$505K

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $329K Management & general 12% · $44K

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; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/Ce
$97,596Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023
Mark Shore$144,347$140,045$97,596

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 Visit Bath County 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

Markets the county to attract visitors, boosting year-round economic growth.

Provided by the organization

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1 program service account for $329K of program spending, described in the organization's own filed words · FY2022.
01

The attraction of visitors to bath county, virginia through effective and efficient marketing to drive year-round economic growth.

$329Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$503K
Ln 12
Gifts and grantsLn 1h$500K
Investment incomeLn 3$3K
Other incomeLn 4–11$280
Money outPt IX
$373K
Ln 25
Programscol B$329K
Managementcol C$44K
Owns and owesPt X
$130K
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$215K
LiabilitiesLn 26$85K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$500K
Government grantsLn 1e$500K
Investment incomeLn 3$3K
Other incomeLn 4–11$280
Total revenueLn 12$503K
Assets in detailPt X, end of year
CashLn 1$210K
Cash and savings togetherLn 1–2$210K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$215K
LiabilitiesLn 26$85K
Net assetsLn 32$130K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$210K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$0$215K
LiabilitiesLn 26$0$85K
Net assetsLn 32$0$130K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$96K$5K
Other salaries and wagesLn 7$3K$3K$150
Payroll taxesLn 10$8K$8K$395
Advertising and promotionLn 12$215K$215K
Office expensesLn 13$18K$18K
Depreciation, depletion and amortizationLn 22$406$406
InsuranceLn 23$417$417
Other expenses (24a–d)Ln 24$26K$7K$19K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$373K$329K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $697K$747K−$51K$79K 990 PDF
FY2023 Viewing $503K$373K$130K$130K 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 (4 parts)
Part VIII · Statement of revenue $503,023 across 5 lines filed
VIII-1e Government grants$500,000
VIII-1h Total contributions, gifts and grants$500,000
VIII-3 Investment incomeExcluded from tax $2,743$2,743
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $280$280
VIII-12 Total revenueRelated to mission $280 · Excluded from tax $2,743$503,023
Part IX · Statement of functional expenses $372,773 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $95,590 · Management $5,031$100,621
IX-7 Other salaries and wagesPrograms $2,850 · Management $150$3,000
IX-10 Payroll taxesPrograms $7,508 · Management $395$7,903
IX-12 Advertising and promotionPrograms $215,338$215,338
IX-13 Office expensesManagement $17,509$17,509
IX-22 Depreciation, depletion and amortizationPrograms $406$406
IX-23 InsuranceManagement $417$417
IX-24 Other expenses (24a–d)Programs $7,204 · Management $18,651$25,855
IX-24e All other expensesManagement $1,724$1,724
IX-25 Total functional expensesPrograms $328,896 · Management $43,877 · Fundraising $0$372,773
Part X · Balance sheet $215,038 assets, 10 lines filed
X-1 Cash, non-interest-bearing$209,588
X-9 Prepaid expenses and deferred charges$3,152
X-10c Land, buildings and equipment, net$2,298
X-16 Total assetsStart of year $0$215,038
X-17 Accounts payable and accrued expenses$75,911
X-25 Other liabilities$8,877
X-26 Total liabilitiesStart of year $0$84,788
X-28 Net assets with donor restrictions$130,250
X-32 Total net assets or fund balancesStart of year $0$130,250
X-33 Total liabilities and net assetsStart of year $0$215,038
Part XI · Reconciliation of net assets $130,250 net assets at year end
XI-1 Total revenue$503,023
XI-2 Total expenses$372,773
XI-3 Revenue less expenses$130,250
XI-10 Net assets at end of year$130,250

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

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