The Clifton Forge Company

EIN: 261511523 501(c)(3) Arts, Culture & Humanities

Clifton Forge, VA

Total Revenue
$161,429
Total Expenses
$229,364
Total Assets
$687,664
Net Assets
$687,664
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
Helen E Kostel
Phone
5408624293
Tax Period
2023-01-01 to 2023-12-31

The Clifton Forge Company, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $125K in total revenue in fiscal year 2018. Expenses of $152K exceeded revenue, resulting in a 22% operating deficit.

Mission

Offering opportunities for learning and training in the fine and applied arts to adults and to children. The Clifton Forge School of the Arts provides a two-

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,308
Program Service Revenue $60,121
Investment Income $0
Other Revenue $0
TOTAL REVENUE $161,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,958
Fundraising Expenses $0
Program Expenses $125,092
Other Expenses $129,406
TOTAL EXPENSES $229,364

Year-over-Year Comparison

2023 2022 Change
Revenue $161,429 $214,800 -0.2%
Expenses $229,364 $164,177 +0.4%
Net Income $-67,935 $50,623 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
25

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
5
$88,893
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Louise Belmont Director 10.00
Officer Director
$0 $0 $0
Henrietta Crandall Director 15.00
Officer Director
$0 $0 $0
Helen Kostel President 15.00
Officer Director
$0 $0 $0
David Crandall Treasurer 15.00
Officer Director
$0 $0 $0
George Ayars Director 5.00
Director
$0 $0 $0
Betty Crance Director 5.00
Director
$0 $0 $0
Katherine Ryan Employee 10.00
Key Emp
$18,149 $0 $18,149
Jo Ann Henson Director 5.00
Director
$0 $0 $0
Jacob Wright Director 5.00
Director
$0 $0 $0
Lisa Petrosky Director 5.00
Director
$0 $0 $0
Cindy Perry Vice President 15.00
Director
$0 $0 $0
Keely N Massie Executive Director 30.00
Key Emp
$26,570 $0 $26,570
Maria Del Mar Jimenez Employee 5.00
Key Emp
$5,190 $0 $5,190
Christina Gramm Employee 30.00
Key Emp
$28,122 $0 $28,122
Keely Lowman Employee 10.00
Key Emp
$10,862 $0 $10,862
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
2024 No data No data No data No data
2023 $161,429 $229,364 $687,664 $-67,935
2022 $214,800 $164,177 $763,599 $50,623
2021 $295,670 $117,366 $854,806 $178,304
2020 $173,681 $88,063 $609,392 $85,618
2019 $94,557 $116,990 $680,201 $-22,433
2018 $124,525 $151,763 $533,296 $-27,238
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