FARMINGTON HISTORICAL SOCIETY FOUNDATION

EIN: 201773621 501(c)(3) Arts, Culture & Humanities

CHARLOTTESVILLE, VA

Total Revenue
$133,906
Total Expenses
$15,103
Total Assets
$841,706
Net Assets
$841,706
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
VA
Principal Officer
KEN GILLISPIE
Phone
4342450691
Tax Period
2025-10-01 to 2025-12-31

FARMINGTON HISTORICAL SOCIETY FOUNDATION, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $134K in total revenue in fiscal year 2025. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $119K, a strong 89% operating margin.

Mission

FARMINGTON PRESERVATION FOUNDATION RAISES FUNDS FOR THE RESTORATION AND PRESERVATION OF HISTORICALLY IMPORTANT ARCHITECTURE NOW OWNED BY FARMINGTON COUNTRY CLUB.

Program Service Accomplishments

Program 1
Expenses: $11,564 Revenue: $4,558

THE FOUNDATION FOCUSED ON THE EDUCATION AND RENOVATION OF FARMINGTON'S HISTORIC STRUCTURES DURING THE YEAR ENDED 09/30/2025.

Program 2
Expenses: $2,339

THE FOUNDATION CONTINUED TO STUDY THE DEPENDENCY WING IN HOPE OF RENOVATING THIS HISTORIC STRUCTURE IN THE NEAR FUTURE.

Program 3

THE FOUNDATION CONTINUED TO REVIEW OTHER POTENTIAL RENOVATION PROJECTS INCLUDING WATERPROOFING JEFFERSON ROOM FOUNDATION AND COMPLETED THE REPAIR OF JEFFERSON ROOM FIREPLACE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $125,671
Program Service Revenue $3,465
Investment Income $3,677
Other Revenue $1,093
TOTAL REVENUE $133,906

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,903
Other Expenses $15,103
TOTAL EXPENSES $15,103

Year-over-Year Comparison

2025 2024 Change
Revenue $133,906 $258,011 -0.5%
Expenses $15,103 $105,142 -0.9%
Net Income $118,803 $152,869 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PUNKIE FEIL PRESIDENT 0.50
Officer Director
$0 $0 $0
SHARON CUMBY FAY VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
PEGGY WILLIAMS SECRETARY 0.50
Officer Director
$0 $0 $0
WAYNE COZART TREASURER 0.50
Officer Director
$0 $0 $0
WILLIAM BARKLEY DIRECTOR 0.50
Director
$0 $0 $0
BETSY FERNALD DIRECTOR 0.50
Director
$0 $0 $0
MARY BUCKLE SEARLE DIRECTOR 0.50
Director
$0 $0 $0
JIM STULTZ DIRECTOR 0.50
Director
$0 $0 $0
SHARON WALKER DIRECTOR 0.50
Director
$0 $0 $0
MELISSA YOUNG DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2025 $133,906 $15,103 $841,706 $118,803
2024 $249,005 $116,135 $568,006 $132,870
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