Mount Vernon Ladies Association Of The Union in Mount Vernon, Virginia (VA)

Mount Vernon Ladies Association Of The Union
Employer Identification Number (EIN)	540564701
Name of Organization	Mount Vernon Ladies Association Of The Union
In Care of Name	Philip Manno
Address	PO BOX 110, Mount Vernon, VA 22121-0110
Activities	Historical site, records or reenactment, Museum, zoo, planetarium, etc.
Subsection	Charitable Organization
Ruling Date	04/1938
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$300,884,282
Amount of Income	$193,550,910
Form 990 Revenue Amount	$51,575,010
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Historical Societies, Related Historical Activities

Non-representatives - add comments:

Amount of income in 2013: $193,550,910

This organization:	$193,550,910
Other organizations performing similar types of work:	$218,607

Assets in 2013: $300,884,282

Mount Vernon Ladies Association Of The Union:	$300,884,282
Other organizations performing similar types of work:	$961,312

Expenses in 2013: $44,828,077

Mount Vernon Ladies Association Of The Union:	$44,828,077
Other organizations performing similar types of work:	$159,230

Income to expenses ratio in 2013: 4.3

Mount Vernon Ladies Association Of The Union:	4.3
Other organizations performing similar types of work:	1.3

Expenses allocated to program services in 2007: 74.4%

Mount Vernon Ladies Association Of The Union:	74.4%
Other organizations performing similar types of work:	74.7%

Number of employees in 2013: 698

Mount Vernon Ladies Association Of The Union:	698
Other organizations performing similar types of work:	4

Employees paid over $100,000 in 2013: 5.9%

This organization:	5.9%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 48.3%

This organization:	48.3%
Other organizations performing similar types of work:	29.9%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	Yes	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	Yes	Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	Yes	Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	Yes	Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	Yes	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		171	173
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		637	698
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		Yes	Yes
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		Yes	Yes
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		Yes	Yes
Did the organization notify the donor of the value of the goods or services provided?		Yes	Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$1,938,093	$2,068,065
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$127,126	$153,436
Total number of individuals who received more than $100,000 of reportable compensation from the organization	11	17
Total number of independent contractors who received more than $100,000 of compensation from the organization	21	24

	2011	2012	2013
Statement of Revenue
Total revenue	$35,052,893	$39,302,758	$51,575,010
Contributions, Gifts, Grants and Other Similar Amounts	$15,346,281	$17,833,083	$24,922,730
Program Service Revenue	$11,762,249	$13,319,672	$13,958,369
900099		$13,319,672	$13,958,369
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$1,111,049	$1,098,490	$1,154,348
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$295,328	$209,416	$206,410
Net rental income	$0	$0	$6,000
Gross rents (Real / Personal)	$0 / $0	$0 / $0	$6,000 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$0 / $0	$0 / $0	$6,000 / $0
Net gain/loss from sales of assets other than inventory	$2,807,941	$2,783,235	$2,041,011
Gross amount from sales of assets other than inventory (Securities / Other)	$14,224,994 / $0	$6,270,913 / $0	$138,472,699 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$11,417,053 / $0	$3,487,678 / $0	$136,431,688 / $0
Gain or (loss) (Securities / Other)	$2,807,941 / $0	$2,783,235 / $0	$2,041,011 / $0
Net income/loss from fundraising events	$500,506	$710,338	$-113,586
Gross income from fundraising events	$640,482	$924,281	$100,714
Less: direct expenses	$139,976	$213,943	$214,300
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$2,520,809	$2,772,160	$9,133,464
Gross sales of inventory, less returns and allowances	$13,801,870	$14,265,072	$14,463,376
Less: cost of goods sold	$11,281,061	$11,492,912	$5,329,912
Miscellaneous Revenue	$708,730	$576,364	$266,264
900099		$576,364	$266,264
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$30,785,746	$44,513,346	$44,828,077
Grants and other assistance to domestic organizations and domestic governments		$206,180	$247,182
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$675,016	$860,735	$1,251,165
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$9,841,869	$10,590,178	$14,868,713
Pension plan accruals and contributions		$783,997	$733,454
Other employee benefits		$1,352,453	$1,799,469
Payroll taxes	$1,118,208	$1,098,213	$1,285,819
Fees for services (non-employees)
Management		$0	$0
Legal		$204,061	$95,172
Accounting		$96,625	$117,318
Lobbying		$0	$0
Professional fundraising services	$237,000	$92,500	$951,451
Investment management fees		$0	$385,750
Other		$0	$3,919,612
Advertising and promotion		$788,949	$773,525
Office expenses		$895,834	$3,714,663
Information technology		$0	$55,941
Royalties		$0	$0
Occupancy		$0	$1,168,272
Travel		$282,898	$291,362
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$61,160	$75,624
Interest		$612,713	$600,631
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$5,791,598	$6,395,330
Insurance		$0	$179,510
Other expenses		$5,808,953	$2,468,199
Other expenses		$12,118,852	$2,011,868
Other expenses		$319,068	$1,438,047

	2011	2012	2013
Balance Sheet
Total assets	$277,218,661	$284,321,263	$300,884,282
Cash - non-interest-bearing		$0	$660,097
Savings and temporary cash investments		$20,510,225	$19,886,482
Pledges and grants receivable, net		$32,311,423	$20,259,533
Accounts receivable, net		$904,657	$896,186
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$500,000
Inventories for sale or use		$3,751,556	$3,275,112
Prepaid expenses and deferred charges		$1,372,828	$422,661
Land, buildings, and equipment: cost or other basis		$61,431,236	$102,375,513
Investments - publicly traded securities		$72,338,149	$102,375,477
Investments - other securities		$62,607,563	$46,812,787
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$29,093,626	$3,420,434
Total liabilities	$27,353,506	$30,038,716	$25,152,918
Accounts payable and accrued expenses		$7,442,451	$4,740,857
Grants payable		$0	$0
Deferred revenue		$591,712	$637,365
Tax-exempt bond liabilities	$15,000,000	$15,000,000	$15,000,000
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$200,000
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$7,004,553	$4,574,696
Total net assets or fund balances	$249,865,155	$254,282,547	$275,731,364
Unrestricted net assets		$102,341,337	$147,132,981
Temporarily restricted net assets		$124,286,823	$91,811,160
Permanently restricted net assets		$27,654,387	$36,787,223
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
Public support	$253,728,131
Subtotal	$278,021,739
Gifts, grants, contributions, and membership fees received	$146,114,683
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	$131,907,056
Gross receipts from activities that are not an unrelated trade or business under section 513	$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
Less	$24,293,608
Amounts received from disqualified persons	$24,293,608
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support	$0
Total support	$290,763,936
Public support	$278,021,739
Subtotal	$8,581,620
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$8,581,620
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975	$0
Net income from unrelated business activities, whether or not the business is regularly carried on	$1,725,451
Other income	$2,435,126

	2000	2001	2002	2003	2005	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$14,358,721	$30,212,496	$20,266,659	$46,704,678	$41,868,559	$36,730,531
Contributions, gifts, grants, and similar amounts received	$5,796,524	$23,811,392	$9,514,111	$30,057,438	$22,175,902	$11,615,404
Contributions to donor advised funds						$0
Direct public support	$5,796,524	$23,811,392	$9,514,111	$30,057,438	$22,175,902	$11,615,404
Indirect public support	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$6,860,618	$5,839,055	$6,251,508	$7,205,446	$8,601,359	$10,373,207
Membership dues and assessments	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$1,779,644	$1,041,762	$917,228	$1,170,481	$811,884	$0
Dividends and interest from securities	$430,800	$458,576	$519,276	$615,151	$2,146,564	$3,454,220
Net rental income or (loss)	$37,144	$47,446	$56,810	$67,813	$76,907	$283,830
Gross rents	$37,144	$47,446	$56,810	$67,813	$76,907	$283,830
Less: rental expenses	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$-2,690,222	$-3,125,152	$-360,918	$5,388,386	$5,311,008	$6,844,202
Gross amount from sales of assets other than inventory	$43,349,128	$42,498,524	$31,519,419	$67,578,635	$39,064,721	$46,477,434
Less: cost or other basis and sales expenses	$46,039,350	$45,623,676	$31,880,337	$62,190,249	$33,753,713	$39,633,232
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$1,858,927	$1,897,984	$3,203,404	$1,842,396	$2,194,657	$3,200,565
Gross sales of inventory, less returns and allowances	$8,494,882	$9,574,684	$9,369,941	$11,007,352	$12,056,175	$14,371,272
Less: cost of goods sold	$6,635,955	$7,676,700	$6,166,537	$9,164,956	$9,861,518	$11,170,707
Other revenue	$285,286	$241,433	$165,240	$357,567	$550,278	$959,103
Total expenses	$12,575,455	$14,256,152	$20,307,998	$18,968,340	$18,818,641	$26,897,023
Program services	$9,980,715	$11,251,515	$16,916,837	$12,397,560	$11,796,386	$20,022,313
Management and general	$1,667,763	$1,899,629	$1,237,877	$1,883,851	$2,686,206	$2,948,532
Fundraising	$926,977	$1,105,008	$2,153,284	$4,686,929	$4,336,049	$3,926,178
Payments to affiliates	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$97,173,735	$110,197,379	$117,821,024	$146,455,168	$192,472,771	$197,862,277
Excess or (deficit) for the year	$1,783,266	$15,956,344	$-41,339	$27,736,338	$23,049,918	$9,833,508
Net assets or fund balances at beginning of year	$95,207,176	$97,173,735	$110,197,379	$117,821,024	$171,084,706	$192,952,814
Other changes in net assets or fund balances	$183,293	$-2,932,700	$7,664,984	$897,806	$-1,661,853	$-4,924,045

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$26,897,023	$20,022,313	$2,948,532	$3,926,178
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$609,388	$277,413	$253,858	$78,117
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$8,321,685	$6,437,948	$1,457,896	$425,841
Pension plan contributions not included above	$528,569	$421,289	$83,277	$24,003
Employee benefits not included above	$825,722	$638,987	$144,955	$41,780
Payroll taxes	$900,797	$697,084	$158,135	$45,578
Professional fundraising fees	$332,499	$0	$0	$332,499
Accounting fees	$65,888	$0	$65,888	$0
Legal fees	$134,569	$50,682	$83,887	$0
Supplies	$704,413	$625,709	$56,206	$22,498
Telephone	$74,774	$15,532	$59,242	$0
Postage and shipping	$191,070	$104,007	$34,449	$52,614
Occupancy	$482,073	$482,073	$0	$0
Equipment rental and maintenance	$168,466	$140,168	$28,298	$0
Printing and publications	$447,223	$343,817	$22,610	$80,796
Travel	$171,339	$138,290	$26,259	$6,790
Conferences, conventions, and meetings	$77,463	$37,390	$33,939	$6,134
Interest	$347,473	$347,473	$0	$0
Depreciation, depletion, etc.	$5,301,866	$5,301,866	$0	$0
Other expenses not covered above	$7,211,746	$3,962,585	$439,633	$2,809,528

	2000	2001	2002	2003	2005	2007
Balance Sheets
Total assets	$106,487,821	$117,855,390	$125,040,414	$153,349,900	$200,435,137	$219,238,149
Cash - non-interest-bearing	$16,000	$16,000	$16,000	$9,674	$39,861	$47,145
Savings and temporary cash investments	$6,922,994	$5,123,983	$9,169,486	$8,639,797	$12,499,114	$8,326,154
Accounts receivable less allowance for doubtful accounts	$735,799	$339,373	$248,338	$424,113	$311,089	$446,673
Pledges receivable less allowance for doubtful accounts	$10,653,097	$26,929,624	$21,794,702	$20,607,062	$15,044,048	$5,777,160
Grants receivable	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)						$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$1,602,000	$0
Inventories for sale or use	$3,821,784	$3,863,271	$3,971,047	$3,756,030	$4,005,581	$4,133,263
Prepaid expenses and deferred charges	$46,271	$35,208	$100,583	$267,237	$287,867	$533,540
Investments - publicly-traded securities						$119,692,517
Investments - other securities	$55,390,647	$53,139,686	$59,638,397	$84,299,414	$84,421,577	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$26,509,691	$28,408,245	$30,101,861	$35,346,573	$54,093,831	$80,281,697
Other assets, including program-related investments	$2,391,538	$0	$0	$0	$28,130,169	$0
Total liabilities	$9,314,086	$7,658,011	$7,219,390	$6,894,732	$7,962,366	$21,375,872
Accounts payable and accrued expenses	$2,209,007	$1,471,876	$1,793,371	$2,715,795	$4,722,531	$4,038,989
Grants payable	$0	$0	$65,687	$68,915	$163,011	$730,239
Deferred revenue	$0	$0	$0	$0	$933,170	$243,055
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$6,776,585	$5,917,657	$5,034,073	$4,110,022	$2,143,654	$15,000,000
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0
Other liabilities	$328,494	$268,478	$326,259	$0	$0	$1,363,589
Total liabilities and net assets/fund balances	$106,487,821	$117,855,390	$125,040,414	$153,349,900	$200,435,137	$219,238,149
Total net assets or fund balances	$97,173,735	$110,197,379	$117,821,024	$146,455,168	$192,472,771	$197,862,277

	2000	2001	2002	2003	2005	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$14,358,721	$30,212,496	$20,266,659	$46,704,678	$41,868,559	$36,730,531
Total revenue, gains, and other support per audited financial statements	$21,185,669	$34,649,885	$33,841,639	$56,389,903	$53,910,487	$41,097,590
Other expenses	$190,993	$-2,932,700	$7,664,984	$897,806	$12,041,928	$11,204,011
Net unrealized gains on investments	$183,293	$-2,932,700	$7,664,984	$897,806	$-1,159,570	$0
Donated services and use of facilities	$7,700	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$13,201,498	$11,204,011
Other revenue	$-6,635,955	$-7,370,089	$-5,909,996	$-8,787,419	$0	$6,836,952
Investment expenses	$0	$306,611	$256,541	$377,537	$0	$0
Other	$-6,635,955	$-7,676,700	$-6,166,537	$-9,164,956	$0	$6,836,952

	2000	2001	2002	2003	2005	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$12,575,455	$14,256,152	$20,307,998	$18,968,340	$18,818,641	$26,897,023
Total expenses and losses per audited financial statements	$19,219,110	$21,626,241	$26,217,994	$27,755,759	$32,042,379	$38,067,735
Other revenue	$6,643,655	$7,676,700	$6,166,537	$9,164,956	$13,223,738	$11,170,712
Donated services and use of facilities	$7,700	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0
Other	$6,635,955	$7,676,700	$6,166,537	$9,164,956	$13,223,738	$11,170,712
Other expenses	$0	$306,611	$256,541	$377,537	$0	$0
Investment expenses	$0	$306,611	$256,541	$377,537	$0	$0
Other	$0	$0	$0	$0	$0	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$234,214	$32,585	$0
40	$176,017	$23,068	$0
40	$199,156	$22,799	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	33
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	466

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$562,632		$14,179,288	$10,373,207
Program service revenue
Program service revenue 1	000000	$0	00	$0	$10,373,207
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$3,454,220	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$283,830	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$6,844,202	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	Gift, novelty, and souvenir stores	$562,632	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$2,637,933	$0
Other revenue	000000	$0	Royalty income excluded by section 512(b)(2)	$959,103	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$175,000	$7,312	$0
$122,380	$15,574	$0
$99,625	$16,090	$0
$93,625	$21,822	$0
$89,995	$15,735	$0

Total number of other employees paid over $50,000	36

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	1999	2000	2001	2002	2004	2006
Support Schedule
Total	$27,626,640	$26,065,932	$25,234,787	$30,826,279	$50,632,767	$3,404,692
Gifts, grants, and contributions received	$8,260,441	$8,627,780	$7,535,405	$14,649,033	$27,983,587	$1,186,921
Membership fees received	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$15,380,133	$14,905,278	$15,910,165	$14,518,692	$19,575,068	$1,870,141
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$3,945,580	$2,210,444	$1,500,338	$1,621,777	$2,825,147	$329,273
Net income from unrelated business activities not included above	$40,486	$37,144	$47,446	$0	$223,435	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0
Other income	$0	$285,286	$241,433	$36,777	$25,530	$18,357

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

	Income	Expenses	Net
Unrelated Trade or Business Income (for 2008)
Total	$318,566	$0	$318,566
Gross receipts or sales less returns and allowances	$2,170,684	$0	$0
Cost of goods sold	$1,852,118	$0	$0
Gross profit	$3,185,661	$0	$318,566
Capital gain net income	$0	$0	$0
Net gain	$0	$0	$0
Capital loss deduction for trusts	$0	$0	$0
Income (loss) from partnerships and S corporations	$0	$0	$0
Rent income	$0	$0	$0
Unrelated debt-financed income	$0	$0	$0
Interest, annuities, royalties, and rents from controlled organizations	$0	$0	$0
Investment income of a section 501(c)(7), (9), or (17) organization	$0	$0	$0
Exploited exempt activity income	$0	$0	$0
Advertising income	$0	$0	$0
Other income	$0	$0	$0

Deductions Not Taken Elsewhere (for 2008)
Total deductions	$322,301
Compensation of officers, directors, and trustees	$23,765
Salaries and wages	$122,274
Repairs and maintenance	$3,760
Bad debts	$0
Interest	$0
Taxes and licenses	$32,724
Charitable contributions	$0
Depreciation	$29,935
Depletion	$0
Contributions to deferred compensation plans	$26,277
Employee benefit programs	$25,594
Excess exempt expenses	$0
Excess readership costs	$0
Other deductions	$57,972
Unrelated business taxable income	$-3,735
Unrelated business taxable income before net operating loss deduction	$-3,735
Net operating loss deduction	$0
Unrelated business taxable income before specific deduction	$-3,735
Specific deduction	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Colonial Williamsburg Foundation	PO BOX 1776, Williamsburg, VA 23187-1776	VA	1938-04	$462,907,140
2	Mount Vernon Ladies Association Of The Union	PO BOX 110, Mount Vernon, VA 22121-0110	VA	1938-04	$193,550,910
3	Marine Corps Heritage Foundation	3800 Fettler Park Dr Ste 104, Dumfries, VA 22025-2044	VA	1979-11	$18,364,745
4	Virginia Historical Society	PO BOX 7311, Richmond, VA 23221-0311	VA	1941-09	$14,580,048
5	Robert E Lee Memorial Association	483 Great House Rd, Stratford, VA 22558-0001	VA	1933-03	$6,188,643
6	Association For The Preservation Of Virginia Antiquities	204 W Franklin St, Richmond, VA 23220-5012	VA	1941-08	$3,974,524
7	Foundation For Historic Christ Church Incorporated	PO BOX 24, Irvington, VA 22480-0024	VA	1958-12	$830,185
8	Eastern Shore Of Va Historical Society	PO BOX 179, Onancock, VA 23417-0179	VA	1972-10	$489,376
9	Historic Polegreen Church Foundation	PO BOX 2111, Mechanicsvlle, VA 23116-0011	VA	1992-06	$474,160
10	Yamhill County Historical Society	PO BOX 484, Lafayette, OR 97127-0484	OR	1971-01	$153,941
11	National Society Of The Sons Of The American Revolution	1100 Mulberry Road, Martinsville, VA 24112	VA	1944-08	$124,009
12	Washington County Historical And Fine Arts Tr Inc	135 W Washington St, Hagerstown, MD 21740-4709	MD	1977-05	$122,791
13	Wreaths Across America	4 Point Street, Columbia Falls, ME 04623	ME	2007-08	$4,668,061
14	The Woodrow Wilson Presidential Library Foundation	PO BOX 24, Staunton, VA 24402-0024	VA	1939-10	$1,139,807
15	Virginia Civil War Trails Inc	401 N 3rd St, Richmond, VA 23219-1705	VA	2000-05	$483,807
16	Virginia Trust For Historic Preservation	614 Oronoco Street 614 Oronoco Stre, Alexandria, VA 22314	VA	1968-10	$127,504
17	Alexandria Arts Safari Inc, Dona Nobis Pacem Foundation	401 North Saint Asaph, Alexandria, VA 22314	VA	1997-07	$0
18	Clinch Mountain Cultural Center	PO BOX 203, Gate City, VA 24251	VA	1999-03	$0
19	National Society Colonial Dames Xvii Century, Virginia State Society Colonial Dames Xvii Century	Po Box 157, Meadowview, VA 24361-0157	VA	1963-03	$0
20	National Society Of The Daughters Of The American Revolution, Blue Ridge Chapter Nsdar	165 Hillsman Lane, Lynchburg, VA 24501	VA	1949-07	$0

Number of organizations performing similar types of work

Alaska	3
Alabama	6
Arkansas	5
Arizona	5
California	30
Colorado	6
Connecticut	17
District of Columbia	13
Delaware	5
Florida	11
Georgia	14
Hawaii	4
Iowa	10
Idaho	1
Illinois	15
Indiana	13
Kansas	8
Kentucky	11
Louisiana	7
Massachusetts	20
Maryland	12
Maine	11
Michigan	9
Minnesota	7
Missouri	13

Mississippi	7
Montana	3
North Carolina	14
North Dakota	1
Nebraska	2
New Hampshire	4
New Jersey	10
New Mexico	2
New York	53
Ohio	24
Oklahoma	5
Oregon	10
Pennsylvania	33
Rhode Island	8
South Carolina	7
South Dakota	3
Tennessee	9
Texas	30
Utah	3
Virginia	26
Vermont	7
Washington	11
Wisconsin	12
West Virginia	8

Total

548

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