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Nonprofit · EIN 54-1345184

AVENEL FOUNDATION

Tax-exempt · BEDFORD, VA 24523

Financials

$76K$53K2023$434K$57K2024$237K$96K2025
Revenue Expenses · by fiscal year end
Financials of AVENEL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$237,356$95,857$141,499$1,557,342$3,330$1,554,012
December 31, 2024990 (amended)$433,664$57,096$376,568$1,390,055$5,316$1,384,739
December 31, 2023990$76,145$53,047$23,098$1,153,198$0$1,153,198
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$153,420
Program service revenue
$29,141
Investment income
$54,795
Net gain from sales of assets
$12,526
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$190
Accounting fees
$3,425
Occupancy
$8,644
Depreciation
$12,817
Program services (functional)
$84,446
Management and general (functional)
$11,411

Balance sheet and other

Total assets, start of year
$1,390,055
Total assets, end of year
$1,557,342
Total liabilities, end of year
$3,330
Net assets, end of year
$1,554,012
Land, buildings and equipment
$502,893
Net assets without donor restrictions
$1,554,012
Gross receipts
$237,356
Employees
0

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
WYATT WALTONPRESIDENT
Trustee or director, Officer
1$0
ANNETTE KENDALLVICE PRESIDE
Trustee or director, Officer
25$0
TRACIE GORDONRECORDING SE
Trustee or director, Officer
10$0
BEVERLY PADGETTTREASURER
Trustee or director, Officer
25$0
ELAINE CUESTACORRESPONDIN
Trustee or director, Officer
20$0
JOHN BONDCHAIR FINANC
Trustee or director, Officer
5$0
PENNY CLARKGRANTS & FR
Trustee or director, Officer
20$0
LINDA BENTONBOARD MEMBER
Trustee or director, Officer
10$0
JAYNE COMPTONBOARD MEMBER
Trustee or director, Officer
20$0
LOGAN DAVENPORTBOARD MEMBER
Trustee or director, Officer
10$0
JAITHAN IPPOLITOBOARD MEMBER
Trustee or director, Officer
5$0
KENNEDY FLYNNBOARD MEMBER
Trustee or director, Officer
5$0
JONATHAN MOSLEYBOARD MEMBER
Trustee or director, Officer
10$0
DAVID SENSENIGBOARD MEMBER
Trustee or director, Officer
5$0
ANNE SOUKHANOVBOARD MEMBER
Trustee or director, Officer
5$0
1 more people on this return
NameTitleHours / weekCompensation
PAM CRAWFORDCHAIR EVENTS
Trustee or director, Officer
20$0
990 for the year ended December 31, 2024: 15 people
NameTitleHours / weekCompensation
WYATT WALTONPRESIDENT
Trustee or director, Officer
1$0
ANNETTE KENDALLVICE PRESIDE
Trustee or director, Officer
25$0
TRACIE GORDONRECORDING SE
Trustee or director, Officer
10$0
LINDA BENTONTREASURER
Trustee or director, Officer
15$0
ELAINE CUESTACORRESPONDIN
Trustee or director, Officer
20$0
JOHN BONDCHAIR FINANC
Trustee or director, Officer
5$0
PENNY CLARKGRANTS & FR
Trustee or director, Officer
20$0
MELISSA MEADORMKTING & EVE
Trustee or director, Officer
5$0
JAYNE COMPTONBOARD MEMBER
Trustee or director, Officer
10$0
LOGAN DAVENPORTBOARD MEMBER
Trustee or director, Officer
10$0
JAITHAN IPPOLITOBOARD MEMBER
Trustee or director, Officer
10$0
MICHELLE PITTMANBOARD MEMBER
Trustee or director, Officer
5$0
JONATHAN MOSLEYBOARD MEMBER
Trustee or director, Officer
10$0
DAVID SENSENIGBOARD MEMBER
Trustee or director, Officer
10$0
ANNE SOUKHANOVBOARD MEMBER
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
BRYAN ALLENSECRETARY
Trustee or director, Officer
7$0
LINDA BENTONTREASURER
Trustee or director, Officer
8$0
ANNETTE KENDALLVICE PRESIDE
Trustee or director, Officer
10$0
WYATT WALTONPRESIDENT
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 686, BEDFORD, VA 24523-0686
In care of
% BEVERLY A PADGETT
Principal officer (990 for 2025)
WYATT WALTON, PO BOX 686, BEDFORD, VA 24523
Signed the 990
BEVERLY PADGETT, TREASURER
Phone
(540) 798-1961
Return prepared by
CHRYSTAL R AKERSHOEK CPA LLC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • THE PRESERVED HISTORIC AVENEL IS A RESOURCE TO THE BEDFORD COMMUNITY THAT PROVIDES A VENUE FOR WEDDINGS, LUNCHEONS, FUNDRAISERS, EDUCATIONAL TOURS AND OTHER SIMILAR EVENTS.
    Expenses $84,446

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-1345184
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,557,342
Income (IRS master file)
$237,356

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$237,356$95,857$1,557,342IRS
990December 2024$433,664$57,096$1,390,055XML
990December 2023$76,145$53,047$1,153,198XML
990December 2022$144,343$45,379$1,102,172IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about AVENEL FOUNDATION

What is the EIN of AVENEL FOUNDATION?
The employer identification number (EIN) of AVENEL FOUNDATION is 54-1345184.
Is AVENEL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to AVENEL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AVENEL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AVENEL FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AVENEL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of AVENEL FOUNDATION?
The 990 for the year ended December 31, 2025 names WYATT WALTON.
Who are the officers and directors of AVENEL FOUNDATION?
The 990 for the year ended December 31, 2025 lists 16 people; 0 received compensation from the organization.
How much revenue does AVENEL FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $237,356, expenses of $95,857 and total assets of $1,557,342 at year end.

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