Oatlands Inc
Nonprofit profile at a glance
- EIN
- 541118635
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023
- Location
- Leesburg, VA, USA
- Phone
- 7037270670
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $818,117
- Expenses
- $946,110
- Assets
- $197,442
- Liabilities
- $197,442
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CALEB SCHUTZ (FORMER CEO)
Highest reported compensation
- CALEB SCHUTZ (FORMER CEO): $189,692 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create a shared future by revealing, understanding and preserving the full human, architectural and natural history of oatlands. "oatlands" is oatlands historic house and gardens, a more than (continued on sch. O)
What it reported doing in 2023
Oatlands' ample space and quiet places of solitude provide a sanctuary that enables each visitor to conduct their own, personal exploration of history and the outdoors. An ever changing tapestry of sights, sounds and fragrances in the meadows, woodlands and gardens also provide a rich and varied outdoor experience year-round. The opportunity to oatlands continued its substantial investment in preserving the enable the public to enjoy open space, beautiful settings and nature were especially important during the pandemic. We officially opened seven miles of publicly available walking, running, biking and equestrian trails as well as areas where families could picnic. We opened oatlands to the public year-round for the first time rather than closing for three months during the winter.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 79
- Accountability: 90
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.8%; rating input score 80
- Program expense ratio: 67.4%; rating input score 67
- Fundraising efficiency: $16.14 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -15.6%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 20%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -5.6% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -4.4% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -7% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 79.8% of revenue deployed · 67.4% of spending went to programs
- Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $638K in reported program spending
- Leadership: top reported pay $190K · 12 people listed · 3 of 6 pay-setting controls reported
- Consistency: 24 of 24 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 53/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 13/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 14/100.