Visit Bath County INC FY2024 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.

91¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
11% of total assets
Looks good: liabilities are 11% 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
$697K
+38% vs prior year
Spent
$747K
To programs
91%
Net assets
$79K
By yearFY2023–FY2024
Revenue
$697K
FY2024▲ +38%
Revenue by fiscal year
FY2023$503K
FY2024$697K
FY2024$1.3M
Expenses
$747K
FY2024▲ +100%
Expenses by fiscal year
FY2023$373K
FY2024$747K
FY2024$825K
Net assets
$79K
FY2024▼ -39%
Net assets by fiscal year
FY2023$130K
FY2024$79K
FY2024$505K

From the FY2024 Form 990 (year ending June 2024) · 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

91 cents of each dollar spent went to programs.

Program services 91% · $682K Management & general 9% · $65K

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

16 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/Ce
$140,045Pt 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
$0Pt VII · Sec A
Secretary
$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 $682K of program spending, described in the organization's own filed words · FY2023.
01

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

$682Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$697K
Ln 12
Gifts and grantsLn 1h$682K
Investment incomeLn 3$14K
Money outPt IX
$747K
Ln 25
Programscol B$682K
Managementcol C$65K
Owns and owesPt X
$79K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$89K
LiabilitiesLn 26$10K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$682K
Government grantsLn 1e$682K
Investment incomeLn 3$14K
Total revenueLn 12$697K
Assets in detailPt X, end of year
SavingsLn 2$75K
Cash and savings togetherLn 1–2$75K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$89K
LiabilitiesLn 26$10K
Net assetsLn 32$79K
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 FY24End FY24
Cash and savingsLn 1–2$75K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$215K$89K
LiabilitiesLn 26$85K$10K
Net assetsLn 32$130K$79K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$140K$128K$12K
Other salaries and wagesLn 7$62K$62K
Pension plan contributionsLn 8$15K$15K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$13K$11K$3K
Advertising and promotionLn 12$440K$440K
Office expensesLn 13$28K$28K
Depreciation, depletion and amortizationLn 22$540$540
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$22K$6K$16K
All other expensesLn 24e$6K$2K$4K
Total functional expensesLn 25$747K$682K$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $697K$747K−$51K$79K 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $696,580 across 4 lines filed
VIII-1e Government grants$682,200
VIII-1h Total contributions, gifts and grants$682,200
VIII-3 Investment incomeExcluded from tax $14,380$14,380
VIII-12 Total revenueExcluded from tax $14,380$696,580
Part IX · Statement of functional expenses $747,381 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $127,549 · Management $12,496$140,045
IX-7 Other salaries and wagesPrograms $62,227$62,227
IX-8 Pension plan contributionsPrograms $14,608$14,608
IX-9 Other employee benefitsPrograms $18,335$18,335
IX-10 Payroll taxesPrograms $10,869 · Management $2,504$13,373
IX-12 Advertising and promotionPrograms $440,013$440,013
IX-13 Office expensesManagement $27,866$27,866
IX-22 Depreciation, depletion and amortizationPrograms $540$540
IX-23 InsuranceManagement $1,679$1,679
IX-24 Other expenses (24a–d)Programs $5,923 · Management $16,404$22,327
IX-24e All other expensesPrograms $2,385 · Management $3,983$6,368
IX-25 Total functional expensesPrograms $682,449 · Management $64,932 · Fundraising $0$747,381
Part X · Balance sheet $88,978 assets, 9 lines filed
X-2 Savings and temporary cash investments$74,822
X-9 Prepaid expenses and deferred chargesStart of year $3,152$12,398
X-10c Land, buildings and equipment, netStart of year $2,298$1,758
X-16 Total assetsStart of year $215,038$88,978
X-17 Accounts payable and accrued expensesStart of year $75,911$9,529
X-26 Total liabilitiesStart of year $84,788$9,529
X-28 Net assets with donor restrictionsStart of year $130,250$79,449
X-32 Total net assets or fund balancesStart of year $130,250$79,449
X-33 Total liabilities and net assetsStart of year $215,038$88,978
Part XI · Reconciliation of net assets $79,449 net assets at year end
XI-1 Total revenue$696,580
XI-2 Total expenses$747,381
XI-3 Revenue less expenses−$50,801
XI-4 Net assets at start of year$130,250
XI-10 Net assets at end of year$79,449

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

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