THE KINSALE FOUNDATION

EIN: 510217683 501(c)(3)

Kinsale, VA

Total Revenue
$65,313
Total Expenses
$58,466
Total Assets
$506,912
Net Assets
$506,912
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
VA
Principal Officer
Vikki Ravinskas
Phone
8044723001
Tax Period
2023-08-01 to 2024-07-31

THE KINSALE FOUNDATION, founded in 1977, is a micro nonprofit that reported $65K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $58K left a modest 10% surplus.

Mission

The Kinsale Foundation holds two fundraising silent auctions per year: Kinsale Day on the Foundation's anniversary and Christmas in Kinsale in December. Items for these two silent auctions are donated from members of the community and include furniture, household goods and handmade items, and donated baked goods. For Christmas in Kinsale, a significant amount of revenue comes from the sale of hundreds of dozens of cookies which are baked by the community and donated for the Foundation's cookie sale. When the funds are collected from the silent auctions and cookie sales, the proceeds are divided equally among the designated local charities. Program service expenses are printing and mailing costs to advertise the events.

Program Service Accomplishments

Program 1
Expenses: $200 Revenue: $10,663

The Kinsale Foundation holds two fundraising silent auctions per year: Kinsale Day on the Foundation's anniversary and Christmas in Kinsale in December. Items for these two silent auctions are...

Read more

The Kinsale Foundation holds two fundraising silent auctions per year: Kinsale Day on the Foundation's anniversary and Christmas in Kinsale in December. Items for these two silent auctions are donated from members of the community and include furniture, household goods and handmade items, and donated baked goods. For Christmas in Kinsale, a significant amount of revenue comes from the sale of hundreds of dozens of cookies which are baked by the community and donated for the Foundation's cookie sale. When the funds are collected from the silent auctions and cookie sales, the proceeds are divided equally among the designated local charities. Program service expenses are printing and mailing costs to advertise the events. This specific event is Kinsale Day.

Program 2
Expenses: $0 Revenue: $5,395

The Kinsale Foundation holds two fundraising silent auctions per year: Kinsale Day on the Foundation's anniversary and Christmas in Kinsale in December. Items for these two silent auctions are...

Read more

The Kinsale Foundation holds two fundraising silent auctions per year: Kinsale Day on the Foundation's anniversary and Christmas in Kinsale in December. Items for these two silent auctions are donated from members of the community and include furniture, household goods and handmade items, and donated baked goods. For Christmas in Kinsale, a significant amount of revenue comes from the sale of hundreds of dozens of cookies which are baked by the community and donated for the Foundation's cookie sale. When the funds are collected from the silent auctions and cookie sales, the proceeds are divided equally among the designated local charities. Program service expenses are printing and mailing costs to advertise the events. This specific event is the annual Rubber Duck Race.

Program 3
Expenses: $16,614 Revenue: $13,017

The Kinsale Foundation holds two fundraising silent auctions per year: Kinsale Day on the Foundation's anniversary and Christmas in Kinsale in December. Items for these two silent auctions are...

Read more

The Kinsale Foundation holds two fundraising silent auctions per year: Kinsale Day on the Foundation's anniversary and Christmas in Kinsale in December. Items for these two silent auctions are donated from members of the community and include furniture, household goods and handmade items, and donated baked goods. For Christmas in Kinsale, a significant amount of revenue comes from the sale of hundreds of dozens of cookies which are baked by the community and donated for the Foundation's cookie sale. When the funds are collected from the silent auctions and cookie sales, the proceeds are divided equally among the designated local charities. Program service expenses are printing and mailing costs to advertise the events. This specific event is our annual Christmas in Kinsale silent auction.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,343
Program Service Revenue $0
Investment Income $553
Other Revenue $31,417
TOTAL REVENUE $65,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,978
Fundraising Expenses $0
Program Expenses $16,814
Other Expenses $41,488
TOTAL EXPENSES $58,466

Year-over-Year Comparison

2023 2022 Change
Revenue $65,313 $84,902 -0.2%
Expenses $58,466 $15,700 +2.7%
Net Income $6,847 $69,202 -0.9%
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
12
Independent Members
12
Employees
1
Volunteers
12

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
9
$15,700
Key Employees
1
$15,700
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lynn Norris Museum Director 20
Director Key Emp
$15,700 $0 $15,700
Walter Norris Secretary and Director 1
Officer Director
$0 $0 $0
Tommy Lewis Fundraising Director 1
Director
$0 $0 $0
Sarah Redfearn Gladwell Director 1
Director
$0 $0 $0
James Moss Maintenance Director 1
Director
$0 $0 $0
Rosemary Wilson Christmas Angels Director 1
Director
$0 $0 $0
Turner Waughtel Landscaping Director 1
Director
$0 $0 $0
Robert Bailey Grounds Director 1
Director
$0 $0 $0
Kathleen Quick Director 1
Director
$0 $0 $0
Bruce Miller Board Vice Chairman of Special Projects 1
Officer
$0 $0 $0
Lois Spencer Board Chairman 1
Officer
$0 $0 $0
Vikki Ravinskas Treasurer 5
Officer
$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
2024 $65,313 $58,466 $506,912 $6,847
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