The Clermont Foundation

EIN: 273143754 501(c)(3) Arts, Culture & Humanities

Berryville, VA

Total Revenue
$237,176
Total Expenses
$377,251
Total Assets
$4,219,678
Net Assets
$4,209,787
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
Robert W Stieg Jr
Phone
5409550102
Tax Period
2024-01-01 to 2024-12-31

The Clermont Foundation, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $377K exceeded revenue, resulting in a 59% operating deficit.

Mission

The Foundation preserves the cultural landscape of historic Clermont Farm and uses it to promote public education and engagement with agriculture, history, and historic preservation, including the history of all the peoples associated with the site, through partnerships with regional educational organizations and the farms owner, the Va Dept. of Historic Resources.

Program Service Accomplishments

Program 1
Expenses: $200,894 Revenue: $63,618

AGRICULTURE: The Foundation uses the 360-acre Clermont Farm site as a commercial beef cattle, sheep, and crop (corn) operation, which is the basis for: A) preserving intact and sustainably a 283-year...

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AGRICULTURE: The Foundation uses the 360-acre Clermont Farm site as a commercial beef cattle, sheep, and crop (corn) operation, which is the basis for: A) preserving intact and sustainably a 283-year old agricultural landscape, and B.) providing an agricultural education and demonstration program working with the Farm Bureau and the Virginia Cooperative Extension. Clermont also serves as a teaching farm for the local Clarke County Public Schools and supports working farmers through the Extension Service. In 2024, a supplemental from the VA General Assembly completed funds to replace the burned barn. Removal of invasives and planting of new native trees continued under USDA-EQIP best management practice contract. The Va Dept of Conservation-Recreation and VA Assoc. of Soil & Water Conservation Districts gave Clermont its Clean Water Farm award for the entire Shenandoah River Basin, both for its practices and educational work. Public events grew.

Program 2
Expenses: $44,249 Revenue: $0

HISTORIC PRESERVATION: The Foundation demonstrates best historic preservation practices and conducts education programs about them for special interest groups, students, and the general public, using...

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HISTORIC PRESERVATION: The Foundation demonstrates best historic preservation practices and conducts education programs about them for special interest groups, students, and the general public, using the dozen historic buildings (18th and 19th centuries) above ground and the archaeological resources being protected underground. Repairs to historic buildings are used not only as active opportunities for demonstrations of best practices and appropriate technologies, but also to conduct further research on and documentation. In 2024, the $472,000 National Park Service grant to rehab 3 buildings was bid out and archaeology completed. Work was largely finished on the Springhouse and Smokehouse and begun on the Owner House, with public tours and social media postings. HVAC replacement in the Owner House was completed, as was repainting of the 1823 duplex Slave Quarter.

Program 3
Expenses: $56,638 Revenue: $2,866

HISTORY: The Foundation conducts research and education programs related to the history of the farm, its regional and economic context, and the people who have lived and worked here. The Foundation...

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HISTORY: The Foundation conducts research and education programs related to the history of the farm, its regional and economic context, and the people who have lived and worked here. The Foundation maintains archives of family papers and research materials related to the farm, and collections of historic furnishings, objects, and archaelogical materials. All are available to external researchers. In 2024 The Foundation re-inventoried and moved its on-site archaeological artifact inventory from 15 years of projects to the state collections of the VA Dept. of Historic Resources. The archaeological curriculum used for hands-on tours by students was restructured based on national models. Scheduled public tours were increased. Research and copies of an 18th century local chair were made for a joint program with the Museum of the Shenandoah Valley.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,577
Program Service Revenue $65,684
Investment Income $120,915
Other Revenue $0
TOTAL REVENUE $237,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,743
Fundraising Expenses $0
Program Expenses $301,781
Other Expenses $209,508
TOTAL EXPENSES $377,251

Year-over-Year Comparison

2024 2023 Change
Revenue $237,176 $328,687 -0.3%
Expenses $377,251 $342,856 +0.1%
Net Income $-140,075 $-14,169 +8.9%
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
13
Independent Members
13
Employees
5
Volunteers
48

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol Sullivan President 1.00
Officer Director
$0 $0 $0
Lisa Cooke Vice President 1.00
Officer Director
$0 $0 $0
Lisa Murphy Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Norma Johnson Trustee 1.00
Director
$0 $0 $0
Philip Shenk Trustee 1.00
Director
$0 $0 $0
Michael Hobart Trustee 1.00
Director
$0 $0 $0
Erin O'Neill Trustee 1.00
Director
$0 $0 $0
Wendy Dorsey Trustee 1.00
Director
$0 $0 $0
Rick Catlett Trustee 1.00
Director
$0 $0 $0
Roderick DeArment Trustee 1.00
Director
$0 $0 $0
Clay Brumback Trustee 1.00
Director
$0 $0 $0
Turner Kobayashi Trustee N/A
Director
$0 $0 $0
Joe Whitehorne Trustee 1.00
Director
$0 $0 $0
Robert W Stieg Jr CEO 40.00
Highest
$76,132 $0 $76,132
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 $237,176 $377,251 $4,219,678 $-140,075
2023 $328,687 $342,856 $4,104,009 $-14,169
2022 $85,059 $346,881 $3,930,520 $-261,822
2021 $269,383 $357,334 $4,507,976 $-87,951
2021 $242,117 $357,334 $4,470,710 $-115,217
2020 $213,036 $372,024 $4,385,103 $-158,988
2020 $223,036 $372,024 $4,395,103 $-148,988
2019 $510,241 $342,180 $4,332,293 $168,061
2018 $381,230 $331,287 $3,986,719 $49,943
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