THE AVENEL FOUNDATION INC

EIN: 541345184 501(c)(3)

BEDFORD, VA

Total Revenue
$433,664
Total Expenses
$57,096
Total Assets
$1,390,055
Net Assets
$1,384,739
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Financial Trends

Organization Details

Principal Officer
WYATT WALTON
Phone
5405861814
Tax Period
2024-01-01 to 2024-12-31

THE AVENEL FOUNDATION INC, founded in 1985, is a micro nonprofit that reported $52K in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $8K, a strong 16% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO RESCUE, RESTORE, PRESERVE AND PROTECT HISTORIC AVENEL, A BEDFORD LEGACY, AND TO MAKE THIS UNIQUE LANDMARK AVAILABLE FOR EDUCATIONAL, SOCIAL, BUSINESS AND OTHER COMMUNITY USES.

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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 $360,124
Program Service Revenue $24,310
Investment Income $49,230
Other Revenue $0
TOTAL REVENUE $433,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,071
Other Expenses $57,096
TOTAL EXPENSES $57,096

Year-over-Year Comparison

2024 2023 Change
Revenue $433,664 $76,145 +4.7%
Expenses $57,096 $53,047 +0.1%
Net Income $376,568 $23,098 +15.3%
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
15
Independent Members
8
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
15
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WYATT WALTON PRESIDENT 1.00
Officer Director
$0 $0 $0
ANNETTE KENDALL VICE PRESIDE 25.00
Officer Director
$0 $0 $0
TRACIE GORDON RECORDING SE 10.00
Officer Director
$0 $0 $0
LINDA BENTON TREASURER 15.00
Officer Director
$0 $0 $0
ELAINE CUESTA CORRESPONDIN 20.00
Officer Director
$0 $0 $0
JOHN BOND CHAIR FINANC 5.00
Officer Director
$0 $0 $0
PENNY CLARK GRANTS & FR 20.00
Officer Director
$0 $0 $0
MELISSA MEADOR MKTING & EVE 5.00
Officer Director
$0 $0 $0
JAYNE COMPTON BOARD MEMBER 10.00
Officer Director
$0 $0 $0
LOGAN DAVENPORT BOARD MEMBER 10.00
Officer Director
$0 $0 $0
JAITHAN IPPOLITO BOARD MEMBER 10.00
Officer Director
$0 $0 $0
MICHELLE PITTMAN BOARD MEMBER 5.00
Officer Director
$0 $0 $0
JONATHAN MOSLEY BOARD MEMBER 10.00
Officer Director
$0 $0 $0
DAVID SENSENIG BOARD MEMBER 10.00
Officer Director
$0 $0 $0
ANNE SOUKHANOV BOARD MEMBER 5.00
Officer 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
2024 $433,664 $57,096 $1,390,055 $376,568
2024 No data No data No data No data
2023 $76,145 $53,047 $1,153,198 $23,098
2022 $144,343 $45,379 $1,102,172 $98,964
2021 $159,247 $50,694 $1,093,261 $108,553
2020 $77,664 $51,007 $1,024,780 $26,657
2019 $105,267 $99,106 $993,240 $6,161
2018 $51,985 $43,606 $962,607 $8,379
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