OLDE DOMINION AGRICULTURAL FOUNDATION

EIN: 262259766 501(c)(3) Public & Societal Benefit

CHATHAM, VA

Total Revenue
$970,180
Total Expenses
$936,660
Total Assets
$8,164,899
Net Assets
$6,908,202
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VA
Principal Officer
ELIZABETH HAMMOND
Phone
4344328026
Tax Period
2024-01-01 to 2024-12-31

OLDE DOMINION AGRICULTURAL FOUNDATION, founded in 2008, is a community nonprofit in the Public & Societal Benefit sector that reported $2.0M in total revenue in fiscal year 2018. Revenue surged 363% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 75% operating margin.

Mission

THE OLDE DOMINION AGRICULTURAL FOUNDATION (ODAF) ENVISIONS A SOUTHSIDE VIRGINIA WHERE AGRICULTURE, BUSINESS AND COMMUNITIES THRIVE, GROW, LEARN AND COLLABORATE. TO FULFILL THIS VISION, ODAF'S MISSION IS TO PROMOTE AND SUPPORT REGIONAL AGRICULTURE WHILE OFFERING A COMMUNITY BASED VENUE TO EDUCATE AND ENTERTAIN.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $216,348
Program Service Revenue $0
Investment Income $25,760
Other Revenue $728,072
TOTAL REVENUE $970,180

Expense Breakdown

Grants Paid $0
Salaries & Benefits $337,854
Fundraising Expenses $13,515
Program Expenses $758,839
Other Expenses $598,806
TOTAL EXPENSES $936,660

Year-over-Year Comparison

2024 2023 Change
Revenue $970,180 $752,784 +0.3%
Expenses $936,660 $928,657 +0.0%
Net Income $33,520 $-175,873 -1.2%
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
15
Independent Members
15
Employees
13
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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER JEFFERSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
KEITH VAN ASCH VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ELIZABETH HAMMOND TREASURER 1.00
Officer Director
$0 $0 $0
TOMMY MATHENA SECRETARY 1.00
Officer Director
$0 $0 $0
CHUCK ANGIER BOARD MEMBER 1.00
Director
$0 $0 $0
TOMMY BARRON BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY BEAUCHAMP BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
CHUCK GROVE BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE MCDOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID NORRIS BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY OAKES BOARD MEMBER 1.00
Director
$0 $0 $0
BUDDY SHELTON BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD SHELTON BOARD MEMBER 1.00
Director
$0 $0 $0
COLBY WARREN BOARD MEMBER 1.00
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
2024 $970,180 $936,660 $8,164,899 $33,520
2023 $752,784 $928,657 $7,488,420 $-175,873
2022 $1,669,919 $917,414 $7,796,072 $752,505
2021 $814,484 $778,713 $7,318,968 $35,771
2020 $662,467 $669,631 $7,394,861 $-7,164
2019 $1,018,545 $695,430 $7,422,447 $323,115
2018 $1,987,951 $502,077 $7,417,495 $1,485,874
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