DOCSLIB.ORG

Preservation Virginia

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Preservation Virginia Consolidated Financial Statements June 30, 2017 and 2016 4401 Dominion Boulevard Glen Allen, Virginia 23060 Tel: 804.747.0000 www.keitercpa.com PRESERVATION VIRGINIA Table of Contents Page Report of Independent Accountants 1 Consolidated Financial Statements: Consolidated Statements of Financial Position 3 Consolidated Statements of Activities 5 Consolidated Statements of Cash Flows 9 Notes to Consolidated Financial Statements 11 Supplemental Information: Statements of Financial Position for the Revolving Fund 30 Statements of Activities for the Revolving Fund 31 Consolidating Statement of Activities 32 REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Trustees of Preservation Virginia Richmond, Virginia Report on the Consolidated Financial Statements We have audited the accompanying consolidated financial statements of Preservation Virginia and Subsidiaries (collectively, the “Organization”), which comprise the consolidated statements of financial position as of June 30, 2017 and 2016, and the related consolidated statements of activities and cash flows for the years then ended, and the related notes to the consolidated financial statements. Management's Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Certified Public Accountants & Consultants 4401 Dominion Boulevard Glen Allen, VA 23060 T:804.747.0000 F:804.747.3632 www.keitercpa.com Opinion In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Preservation Virginia and Subsidiaries as of June 30, 2017, and 2016, and the changes in their net assets and their cash flows for the years then ended in accordance with accounting principles generally accepted in the United States. Supplemental Information Our audits were conducted for the purpose of forming an opinion on the consolidated financial statements as a whole. The supplemental information as detailed in the Table of Contents is presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the consolidated financial statements. The information has been subjected to the auditing procedures applied in the audits of the consolidated financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the consolidated financial statements or to the consolidated financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States. In our opinion, the information is fairly stated in all material respects in relation to the consolidated financial statements as a whole. November 14, 2017 Glen Allen, Virginia PRESERVATION VIRGINIA Consolidated Statements of Financial Position June 30, 2017 and 2016 Assets 2017 2016 Current assets: Cash and cash equivalents $ 998,933 $ 936,257 Contributions receivable (Note 2) 189,250 15,000 Other receivables, net 189,146 131,550 Museum shop inventory, net 592,115 562,859 Prepaid expenses and other assets 27,700 14,777 Revolving fund held in trust for the Commonwealth of Virginia 747,087 736,327 Total current assets 2,744,231 2,396,770 Investments (Note 3) 11,564,211 11,159,916 Property and equipment: Property and equipment, net of accumulated depreciation (Note 5) 6,558,106 6,447,000 Historic properties 3,393,635 3,393,635 Property and equipment, net 9,951,741 9,840,635 Contributions receivable, long-term (Note 2) 110,150 30,000 Total assets$ 24,370,333 $ 23,427,321 See accompanying notes to consolidated financial statements. 3 PRESERVATION VIRGINIA Consolidated Statements of Financial Position, Continued June 30, 2017 and 2016 Liabilities and Net Assets 2017 2016 Current liabilities: Loan payable (Note 6)$ 74,558 $ 72,255 Accounts payable 308,458 211,567 Accrued expenses 106,958 89,253 Annuity liabilities on split-interest agreements (Note 10) 26,750 18,100 Liability under revolving fund held in trust for the Commonwealth of Virginia 747,054 730,809 Total current liabilities 1,263,778 1,121,984 Annuity liabilities on split-interest agreements, long-term (Note 10) 75,396 87,208 Loan payable, long-term (Note 6) 345,164 445,705 Total liabilities 1,684,338 1,654,897 Net assets: Unrestricted: Board designated 215,610 109,460 Undesignated 13,744,241 13,318,105 Total unrestricted 13,959,851 13,427,565 Temporarily restricted (Note 7) 6,333,315 5,953,530 Permanently restricted (Note 8) 2,392,829 2,391,329 Total net assets 22,685,995 21,772,424 Total liabilities and net assets $ 24,370,333 $ 23,427,321 See accompanying notes to consolidated financial statements. 4 PRESERVATION VIRGINIA Consolidated Statements of Activities Year Ended June 30, 2017 with Comparative Totals for 2016 Temporarily Permanently 2017 2016 Unrestricted Restricted Restricted Total Total Revenues, gains (losses), and other support: Admissions$ 1,227,031 $ - $ - $ 1,227,031 $ 1,236,482 Museum shop sales, shown net of cost of sales of $456,270 506,837 - - 506,837 524,504 Contributions 649,009 1,500,072 1,500 2,150,581 1,518,157 Grants and appropriations - 346,068 - 346,068 100,000 Property rentals 41,285 - - 41,285 65,375 Change in value of split-interest agreements (Note 10) (3,288) - - (3,288) (12,638) Interest and dividends 212,895 72,842 - 285,737 289,274 Unrealized gain (loss) on investments, net 333,682 212,809 - 546,491 (273,434) Realized gain on investments, net 272,874 - - 272,874 59,432 Earned income 236,783 - - 236,783 184,814 Loss on sale of historic properties - - - - (29,938) Miscellaneous 1,689 - - 1,689 8,351 Total revenues, gains (losses), and other support 3,478,797 2,131,791 1,500 5,612,088 3,670,379 Net assets released from restriction 1,752,006 (1,752,006) - - - See accompanying notes to consolidated financial statements. 5 PRESERVATION VIRGINIA Consolidated Statements of Activities, Continued Year Ended June 30, 2017 with Comparative Totals for 2016 Temporarily Permanently 2017 2016 Unrestricted Restricted Restricted Total Total Expenses: Program services: Historic Jamestowne$ 2,318,333 $ - $ - $ 2,318,333 $ 2,155,081 Programs 561,562 - - 561,562 541,095 Other properties 967,206 - - 967,206 918,329 Total program services 3,847,101 - - 3,847,101 3,614,505 Support services: Administration 368,820 - - 368,820 322,417 Fundraising 482,596 - - 482,596 312,209 Total support services 851,416 - - 851,416 634,626 Total expenses 4,698,517 - - 4,698,517 4,249,131 Change in net assets 532,286 379,785 1,500 913,571 (578,752) Net assets, beginning of year 13,427,565 5,953,530 2,391,329 21,772,424 22,351,176 Net assets, end of year$ 13,959,851 $ 6,333,315 $ 2,392,829 $ 22,685,995 $ 21,772,424 See accompanying notes to consolidated financial statements. 6 PRESERVATION VIRGINIA Consolidated Statement of Activities Year Ended June 30, 2016 Temporarily Permanently Unrestricted Restricted Restricted Total Revenues, gains (losses), and other support: Admissions$ 1,236,482 $ - $ - $ 1,236,482 Museum shop sales, shown net of cost of sales of $475,813 524,504 - - 524,504 Contributions 500,484 737,173 280,500 1,518,157 Grants and appropriations - 100,000 - 100,000 Property rentals 65,375 - - 65,375 Change in value of split-interest agreements (Note 10) (12,638) - - (12,638) Interest and dividends 212,029 77,245 - 289,274 Unrealized loss on investments, net (228,736) (44,698) - (273,434) Realized gain on investments,
Recommended publications
  • Preservation Virginia's John Marshall House Trunk

    Preservation Virginia's John Marshall House Trunk

    Virginia Commonwealth University VCU Scholars Compass Theses and Dissertations Graduate School 2010 Museums in the Classroom: Preservation Virginia’s John Marshall House Trunk Denisse Marie De Leon Virginia Commonwealth University Follow this and additional works at: https://scholarscompass.vcu.edu/etd Part of the Arts and Humanities Commons © The Author Downloaded from https://scholarscompass.vcu.edu/etd/2102 This Thesis is brought to you for free and open access by the Graduate School at VCU Scholars Compass. It has been accepted for inclusion in Theses and Dissertations by an authorized administrator of VCU Scholars Compass. For more information, please contact [email protected]. © Denisse Marie De Leon, 2010 All Rights Reserved. Museums in the Classroom: Preservation Virginia’s John Marshall House Trunk A thesis project submitted in partial fulfillment of the requirements for the degree of Master of Arts at the Virginia Commonwealth University by Denisse Marie De Leon Bachelor of Arts, College of William and Mary, 2008 Master of Arts, Virginia Commonwealth University, 2010 Director: Dr. Margaret Lindauer Associate Professor, Museum Studies Coordinator, Department of Art History Virginia Commonwealth University Richmond, VA April 2010 ii Acknowledgements I wish to thank my advisor, Dr. Margaret Lindauer, for her encouragement and kindness. Thank you for your inspired editorial eye. To Dr. Garberson, thank you for your continued support and guidance throughout this project and my graduate career. To Sandy Rusak, thank you for your insightful comments and sharing your own professional knowledge. I extend special gratitude to Jennifer Hurst and Catherine Dean at Preservation Virginia for their assistance and enthusiasm. I offer my deepest thanks to everyone who has supported me throughout this project.
  • Historic Ventures

    Historic Ventures

    Lighting the Way: Cape Henry’s 225th Anniversary n October 1, 1792, Cape Henry Lighthouse’s fish oil lantern A Voice for Historic Places Since 1889 shone for the very first time. O225 years later, we are commemorat- Preservation Virginia works as a respected ing the anniversary of the first Federal resource, experienced advocate and creative Public Works project completed by catalyst to advance solutions that keep the heart and soul in Virginia’s communities. the fledgling Unites States government. Events are on-going throughout the BOARD OF TRUSTEES year, and please save the weekend of August 4–7 for National Lighthouse Patricia Loughridge Dennis W. Hedgepeth PRESIDENT Richmond, Virginia Day. Look for an announcement Richmond, Virginia Genevieve P. Keller about an October anniversary party. Alexander C. Graham, Jr. Charlottesville, Virginia You’re invited! VICE PRESIDENT H. Pettus LeCompte Midlothian, Virginia Richmond, Virginia Trip Pollard William Luke VICE PRESIDENT Henrico, Virginia Richmond, Virginia Linda Marks We can’t speak up without you Joseph D. Cheely Mechanicsville, Virginia TREASURER In our demanding economy, you have a say. Your investment: Richmond, Virginia Gary Ometer Richmond, Virginia • Builds an effective public policy program that protects and Anne Geddy Cross IMMEDIATE Elizabeth S. Kostelny promotes Virginia’s historic places. PAST PRESIDENT, CHIEF EXECUTIVE OFFICER EX OFFICIO AND BOARD SECRETARY • Serves more than 291,000 people per year through educational Hanover, Virginia Richmond, Virginia programming at our 6 historic sites. Ernest Clifford Barrett, III* HONORARY • Brings more people together to save more places that make a Washington, D.C. TRUSTEES difference. Sally Guy Brown William G.
  • Historic Virginia Step Back in Time As We Tour Virginia, a State Replete with Historical Significance

    Historic Virginia Step Back in Time As We Tour Virginia, a State Replete with Historical Significance

    Historic Virginia Step back in time as we tour Virginia, a state replete with historical significance. The founding of the country will unfold before you in Jamestown and Colonial Williamsburg. We’ll see museums filled with artifacts of early American history and the homes of Thomas Jefferson in Monticello, James Madison in Montpelier, and Patrick Henry in Scotchtown. Virginia’s hospitality will also be evident in the dining experiences and impeccable hotel accommodations planned for this tour, including a day exploring Norfolk and Virginia Beach. This tour is perfect for history and architecture buffs, nature lovers, and students of the world. Day 2 - Jamestown Tour Highlights Today we begin with a visit to Historic Jamestown, • Historic Jamestown • Virginia Beach Mariners’ the actual location of the 1607 James Fort where Museum • Yorktown Battlefield archeologists continue their work today discovering • Thomas Jefferson’s • American Revolution secrets of how the settlers lived and unearthing long- Monticello Museum lost churches, homes, and grave sites. We continue to • James Madison’s Montpelier • Colonial Williamsburg the Jamestown Settlement where we enjoy lunch and • Patrick Henry’s Scotchtown visits through this living history museum with recreations of the Jamestown Fort, the Powhatan Indian Village, Day 1 - Tucson to Virginia and three ships. We continue to historic Williamsburg to check into the Williamsburg Lodge for our 4-night stay. We fly to Richmond, Virginia, enjoy a Welcome Dinner upon (B,L) arrival, and stay overnight at the Hilton Garden Inn. (D) Day 3 - Yorktown Today we see where America’s independence was won at the site of one of the last Revolutionary War battles, Yorktown.
  • Historic Ventures Spring 2018

    Historic Ventures Spring 2018

    Courtland Rosenwald School Southampton County HELP FIND Virginia’s Rosenwald Schools Julius Rosenwald High School, Northumberland County ore than 360 Rosenwald schools M were built in rural areas across Virginia to improve the quality of public education for African Americans in the South. We’re calling on community members and Rosenwald alumni to share their intimate, local knowledge of the schools in their area to preserve this important history. Get Involved! If you know the location or former site of a Rosenwald school in your community, you can use our mobile survey tool to record preliminary information about the school, tag it exact location and upload images in real time. Ultimately, this information will be verified and used to advocate for the commemoration and adaptive re-use of Rosenwald school buildings so they can once again be vibrant community resources. Spring 2018 Visit bit.ly/rosenwaldinitiative to access the survey tool and learn more about our Rosenwald school advocacy work. HISTORIC VENTURES A Voice for Historic Places Since 1889 Preservation Virginia holds n 2009, after 120 years in operation, we embarked on an the notable distinction of ambitious new programmatic vision to serve as a resource in being the first statewide I historic preservation the continued and future growth of the historic preservation organization. We have a movement. Now almost a decade later, we are well on the way proud legacy of preserving, to achieving that vision. promoting and serving as an advocate for Virginia’s This issue captures the diverse and impactful nature of our treasured places of memory.

  • (AMICUS BRIEF FINAL DRAFT 2020-11-13 (Y0197203xbd6fb)).Docx

    IN THE SUPREME COURT OF VIRGINIA __________ RECORD NO. 200195 __________ HISTORIC ALEXANDRIA FOUNDATION, Appellant, v. CITY OF ALEXANDRIA, et al., Appellees. __________ Brief of Amicus Curiae in Support of Appellant __________ Anthony F. Troy (VSB #05985) Benjamin A. Beliles (VSB #72723) Eckert Seamans Cherin & Mellott, LLC 919 East Main Street, Suite 1300 Richmond, Virginia 23219 (804) 788-7751 (804) 698-2950 (Fax) [email protected] [email protected] Counsel for Amici Curiae TABLE OF CONTENTS Table of Authorities .................................................................................................. ii Statement of the case.................................................................................................. 1 Questions Presented ................................................................................................... 2 Statement of Facts ...................................................................................................... 2 Standard of Review .................................................................................................... 2 Assignments of Error ................................................................................................. 2 Amici .......................................................................................................................... 3 Interests of the Amici ................................................................................................. 3 Argument...................................................................................................................
  • A Report on Red Hill Last Home and Burial Place Of

    A Report on Red Hill Last Home and Burial Place Of

    REHI ;is-01 C.R (3 :r G ,ff: l-/ D Q. JC/ 3 q I() I 13.S '?~~ A REPORT ON RED HILL LAST HOME AND BURIAL PLACE OF PATRICK HENRY WITH SUPPLEMENTARY SECTIONS United States Department of the Interior National Park Service • ï ; < i GENERAL CONTENTS OF REPORT I ‘ Page INTRODUCTION: A BRIEF SKETCH OF THE LIFE OF PATRICK HENRY 1 A REPORT ON RED HILL, LAST HOME AND BURIAL PLACE OF t PATRICK HENRY 14 I i! A BRIEF REPORT ON SCOTCHTOWN, PATRICK HENRY'S RESIDENCE FROM 1771-1777 35 A COMPARATIVE EVALUATION OF SCOTCHTOWN AND RED HILL AS ' MEMORIALS TO PATRICK HENRY 43 A REPORT ON OTHER HOMES ASSOCIATED WITH PATRICK HENRY 52 PHOTOGRAPHS BIBLIOGRAPHY SP APPENDICES 1 I rv- I * - L \ v ; " ; - f f " " > r ■ - - - ' ; ■ r . ' - f f ‘ INTRODUCTION: A Brief Sketch of the Life of Patrick Henry Patrick Henry, American patriot and orator, was born May 29, 1736 at Studley in Hanover County, Virginia, some fifty miles from l. Williamsburg, Capital of the Colony of Virginia. Patrick was the second son of Colonel John Henry and Sarah Syme Henry. His mother, widow of Colonel John Syme, retained management of the Studley Plantation during the minority of John Syme, Jr., Patrick Henry's half-brother. This was the young Henry's home for thirteen years until his father settled at Mount Brilliant in another section of Hanover County. His formal education was limited, supplemented by instruction in classical studies by his father, a graduate of Aberdeen University in Scotland. At the age of fifteen, Patrick went to work in a country store to learn the business and a year later with his older brother opened his own store.
  • OCTOBER 1980 Boxwood Bulletin a QUARTERLY DEVOTED to MAN's OLDEST GARDEN ORNAMENTAL

    OCTOBER 1980 Boxwood Bulletin a QUARTERLY DEVOTED to MAN's OLDEST GARDEN ORNAMENTAL

    The OCTOBER 1980 Boxwood Bulletin A QUARTERLY DEVOTED TO MAN'S OLDEST GARDEN ORNAMENTAL Photo: Courtesy Virginia State Library Original Plantings of Boxwood at Scotchtown , Hanover County, Virginia Boyce, Va. VoL 20, No.2 Edited Under The Direction Of THE AMERICAN BOXWOOD SOCIETY The Boxwooa President ________________ Prof. Albert S. Beecher Vice President ______________ Mr. Richard Mahone Bulletin 2nd Vice President _________ Dr. Bernice M. Speese Secretary ____________________ Mr. Dayton Mak October, 1980 Vol. 20 No.2 Executive Treasurer ______ Mrs. Kathryn M. Ewert EDITOR - MRS. CHARLES H. DICK DIRECTORS INDEX Historical Sketch of Scotchtown ______________ 24 Term Began Term Ends Scot Butler Prof. A. S. Beecher ______ 1979 1982 Scotchtown Boxwood Workshop ______________ 28 Dr. Ralph Singleton _____ 1978 1981 Mr. Harrison Symmes ___ 1978 1981 Who Can Top The Boxwood At Tosalma? ______ 31 Mr. Thomas Hallowell, Jr. 1978 19'8). Scot Butler .Mr. Scot Butler ________ 1979 1982 The History And Use Of Boxwood In Hanover Mr. Thomas Ewert _____ 1979 1982 County, Virginia ________________________ 32 William R. Shelton The Suffruticosa Mini-Farm __________________ 33 Registrar: Dr. Bernice M. Speese William A. Gray P. O. Box 1589 Mr. Chingos Offers A Market For Williamsburg, Va. 23185 Boxwood Clippings _____________________ 36 Addres~: The American Boxwood Society, History In A Six Foot CircIe __________________ 37 Box 85, Boyce, Virginia 22620 James C. Wilfong Breaking Boxwood For Beauty And Profit _____ 38 STATEMENT OF OWNERSHIP John Boyd MANAGEMENT AND CIRCULATION Dayton S. Mak - ABS Secretary ______________ 39 1. Title of Publication: The Boxwood Bulletin. The High Cost Of Replacement Boxwoods _____ 40 2.
  • Historic Ventures Fall 2017

    Historic Ventures Fall 2017

    Preservation Virginia Non-Profit Organization 204 W. Franklin Street U.S. Postage PAID Richmond, Virginia 23220-5012 Richmond, Virginia www.preservationvirginia.org Permit No. 1819 804.648.1889 REGISTER NOW FOR THE Virginia Preservation Conference Petersburg, Virginia — Friday, October 6, 2017 See page 3 for registration details You Keep the Connection Alive You can provide for the future of Virginia’s historic places. To give or renew your support, contact Alexis Feria at 804.648.1889, ext. 303 or donate securely online at www.bit.ly/preserveva. HISTORIC VENTURES FALL 2017 You Can Explore the Value of Partnerships at the Virginia Preservation Conference A Voice for Historic Places Since 1889 e’re excited to be co-hosting the Virginia Preservation Virginia works as a respected Preservation Conference alongside the resource, experienced advocate and creative W Virginia Department of Historic catalyst to advance solutions that keep the Resources in Petersburg, Virginia on Friday, heart and soul in Virginia’s communities. October 6. Each year, the conference brings together architects, preservationists, government BOARD OF TRUSTEES leaders and everyday citizens from across the Patricia Loughridge Genevieve P. Keller Commonwealth to explore preservation ideas PRESIDENT Charlottesville, Virginia Richmond, Virginia and initiatives. H. Pettus LeCompte Elizabeth S. Kostelny, Louis Malon and Patti Loughridge at Louis’ retirement This year, we invite you to “Explore the Value Alexander C. Graham, Jr. Richmond, Virginia VICE PRESIDENT party at the Cole Digges House. of Partnerships” happening between organizations William Luke Midlothian, Virginia Henrico, Virginia in the private and public sector that strengthen Trip Pollard Virginia’s communities. You’ll get to hear from Linda Marks VICE PRESIDENT Preservation from Where I Stand Mechanicsville, Virginia incredible guest speakers about the collaborations Richmond, Virginia reserving history requires finding responsible and appropriate solutions.
  • Take Into Account: Understanding Rural and Urban Life in Early Virginia from Household Ledgers

    Take Into Account: Understanding Rural and Urban Life in Early Virginia from Household Ledgers

    Take Into Account: Understanding Rural and Urban Life in Early Virginia from Household Ledgers Grade: 4th – 5th Platform: Online, at-home resource Topic(s): American history, Virginia history, urban and rural life, urban and rural slavery, food production Virginia SOLs: VS.1a, b, c, d, e, f, h; VS.4 a, d, e; US.1a, b, c, d, e, f, h; US.1b, d; Objective(s): To introduce and/or reinforce concepts of Virginia living in the Early American Republic by exploring the dichotomy of rural and urban life through the experiences of John Marshall and Patrick Henry between 1771 and 1795, and by extension, the realities of urban and rural slavery in the post-colonial era. Skills: Analyzing primary sources for historical significance; interpreting charts and graphs; understanding use of evidence in historical inquiry; critical thinking about culture, society, race, and economics in the early 19th Century from a variety of perspectives; comprehending impact of geography and environment on a community. Description: We can learn a lot about a community’s culture and the realities of peoples’ lives through an examination of intimate records like household account books. These primary sources reveal much about a family or person’s spending habits, and when we analyze account ledgers from both an urban and rural household from early 19th Century Virginia, we can learn about life in those respective environments. This primary source analysis activity will place in students’ hands transcribed pages of household account books from notable Virginians, U.S. Supreme Court Chief Justice John Marshall, who maintained an urban life in Richmond, and Governor Patrick Henry, who maintained a rural life in Hanover County.
  • 2018 Financial Statements

    2018 Financial Statements

    Preservation Virginia Consolidated Financial Statements June 30, 2018 and 2017 4401 Dominion Boulevard Glen Allen, Virginia 23060 Tel: 804.747.0000 www.keitercpa.com PRESERVATION VIRGINIA Table of Contents Page Report of Independent Accountants 1 Consolidated Financial Statements: Consolidated Statements of Financial Position 3 Consolidated Statements of Activities 5 Consolidated Statements of Cash Flows 7 Notes to Consolidated Financial Statements 9 Supplemental Information: Statements of Financial Position for the Revolving Fund 28 Statements of Activities for the Revolving Fund 29 Consolidating Statement of Activities 30 REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Trustees of Preservation Virginia Richmond, Virginia Report on the Consolidated Financial Statements We have audited the accompanying consolidated financial statements of Preservation Virginia and Subsidiary (collectively, the “Organization”), which comprise the consolidated statements of financial position as of June 30, 2018 and 2017, and the related consolidated statements of activities and cash flows for the years then ended, and the related notes to the consolidated financial statements. Management's Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States.
  • 2016-2017 Annual Report

    2016-2017 Annual Report

    A Voice for See What’s Historic Places Happening at Since 1889 our Historic Sites this Year! Cape Henry Lighthouse ENJOY UNIQUE EXPERIENCES with the family at our historic sites! Admission to our sites is FREE for all Preservation Virginia members. Events John Marshall House, New Exhibit Arrives in the Justice Gallery MARCH 2 Women’s History Month Special Themed Tours John Marshall House, Smith’s Fort, Upcoming Upcoming Bacon’s Castle, Patrick Henry’s Scotchtown, Cape Henry Lighthouse MARCH 2 – APRIL 1 John Marshall House Patrick Henry’s Scotchtown, Spring Break/Scotchtown Community StoryCorp — Tell us your story Scotchtown will be open during the weekdays APRIL 2 – APRIL 6 Patrick Henry’s Scotchtown, Stamp Act PRESERVATION VIRGINIA and Give Me Liberty Weekend MARCH 23 – 25 Cape Henry Lighthouse, Earth Day Patrick Scotchtown Henry’s Celebration APRIL 22 Cape Henry Lighthouse, First Landing Day APRIL 26 Preservation Month Special Tours and Activities John Marshall House, Smith’s Fort, Bacon’s Castle, Patrick Henry’s Scotchtown, Cape Henry Lighthouse MAY 4 – MAY 27 Mother’s Day Activities John Marshall House, Smith’s Fort, Bacon’s Castle, Patrick Henry’s Smith’s FortSmith’s Scotchtown, Cape Henry Lighthouse MAY 13 2016/17 Bacon’s Castle, Descendant’s Day ANNUAL REPORT MAY TBD Preservation Virginia Visit preservationvirginia.org/events 204 West Franklin Street for complete details on all of our Richmond, VA 23220-5012 upcoming events. Bacon’s Castle Bacon’s The James River, near Virginia’s Historic Triangle (Jamestown, BOARD OF TRUSTEES 2016–2017 Williamsburg and Yorktown) Patricia Loughridge President Richmond, Virginia Anne Geddy Cross Immediate Past President Hanover, Virginia Alexander C.
  • 2014-2015 Annual Report

    2014-2015 Annual Report

    2015 FINANCIAL SUMMARY STATEWIDE PROGRAMS — USE OF FUNDS June 30, 2015 STATEMENT OF FINANCIAL POSITION — JUNE 30, 2015 ASSETS Current Assets $ 2,805,983 Investments $ 10,823,590 Property and Equipment $ 10,532,491 Total Assets $ 24,162,064 LIABILITIES AND NET ASSETS Current Liabilities $ 1,178,606 Long-term Liabilities $ 632,282 Net Assets $ 22,351,176 Total Liabilities and Net Assets $ 24,162,064 STATEMENT OF ACTIVITIES — JUNE 30, 2015 REVENUES AND INVESTMENT INCOME Fundraising —10% Cape Henry Lighthouse — 12% Contributions $ 1,958,363 General & Administrative — 21% John Marshall House — 4% Admissions $ 1,165,140 Preservation Initiatives Patrick Henry’s Scotchtown — 4% & Engagement — 16% Smith’s Fort Plantation — 2% Museum Sales $ 943,589 Museum Operations — 14% Other Properties — 12% Other Revenues $ 321,494 Bacon’s Castle — 5% Investment Income $ 162,593 Total Revenue and Investment Income $ 4,551,179 HISTORIC JAMESTOWNE — USE OF FUNDS Expenses $ 4,855,752 June 30, 2015 Change in Net Assets $ (304,573 ) Net Assets Beginning $ 22,655,749 Net Assets Ending $ 22,351,176 The financial statements of Preservation Virginia have been audited by Keiter, Certified Public Accountants and Consultants. Copies of the audited financial statements are available upon request. We could not have received this top rating without you Preservation Virginia’s sound fiscal management practices and commitment to accountability and transparency earned Fundraising — 3% Programs & Exhibitions — 16% us a coveted 4-star rating from Charity Navigator, America’s Museum