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Virginia · Nonprofit

SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION

SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION (Virginia) receives grants from 26 organizations whose IRS filings report $2,276,630 to it, the largest being LEE JACKSON EDUCATIONAL FOUNDATION ($1,369,000). 13 of them have funded it in more than one year.

Revenue FY2025
$7.9M
Funders on record
26
Grants received
$2.3M
Net assets
$68M
13/26 repeat funderspeak grant-dependency 14%
01What it does

What Shenandoah Valley Battlefields Foundation does

Mission

To preserve, protect, and interpret the historic civil war battlefields, structures, and artifacts of the shenandoah valley.

As stated on its FY2025 Form 990.

Program

  1. Preservation and interpretation of civil war battlefield sites: this including preserving approximately 7,700 acres of battlefield land throughout the shenandoah valley, and 22 historic structures, historic collections and artifacts from the civil war era are protected, cared for and preserved. The foudadtion provides grants for organizations participating in battlefield preservation and interpretation. The foundation's offices are located on the second floor of the historic strayer house in downtown new market, virginia, in the heart of the shenandoah valley. A civil war orientation center small gift shop and visitor information center is located on the first floor. The foundation coordinates numerous volunteers who are engaged in the ongoing efforts. The foundation owns and operates a civil war museum in downtown winchester and a visitors center located at the third winchester battlefield.

    $2,242,133 spentof which $12,000 as grants$153,052 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $2,242,133.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($3.1M) Expenses 100 ($1.3M) Net assets 100 ($29M)2018 Revenue 125 ($3.9M) Expenses 122 ($1.6M) Net assets 108 ($31M)2019 Revenue 123 ($3.9M) Expenses 129 ($1.7M) Net assets 115 ($33M)2020 Revenue 169 ($5.3M) Expenses 106 ($1.4M) Net assets 129 ($37M)2021 Revenue 211 ($6.6M) Expenses 107 ($1.4M) Net assets 157 ($45M)2022 Revenue 261 ($8.2M) Expenses 129 ($1.7M) Net assets 179 ($52M)2023 Revenue 260 ($8.1M) Expenses 219 ($2.9M) Net assets 197 ($57M)2024 Revenue 289 ($9.0M) Expenses 259 ($3.5M) Net assets 216 ($62M)2025 Revenue 252 ($7.9M) Expenses 215 ($2.9M) Net assets 235 ($68M)
'17'18'19'20'21'22'23'24'25
Revenue (252)Expenses (215)Net assets (235)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $40M to $52M (+30%).

$34M
$35M
$36M
$40M
$52M
$61M
$63M
$71M
$75M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 74% · 2018 51% · 2019 54% · 2020 8% · 2021 11% · 2022 45% · 2023 72% · 2024 56% · 2025 61%. Grants only. Government contracts and fees sit inside program revenue.

94% of SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (63% for the typical peer).

This organization
Typical peer · 5,377 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$1.8M
’17
$2.3M
’18
$2.1M
’19
$3.9M
’20
$5.2M
’21
$6.4M
’22
$5.2M
’23
$5.6M
’24
$5.0M
’25
10
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Keven Walker

CEO

Board chair

Mark D Perreault

Chairman

As listed on its FY2025 Form 990.

2017201820192022202320242025
Listed16161618191819
Joined·+4+1·+5+2+4
No longer listed·41·433
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 3 funders to 9 funders, grant income fell $59k → $52k.

10 of 26 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION leans on a few funders — its largest provides 60% of grant income and the top three 86%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

36% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION.

60%
largest funder
86%
top three
~2
effective funders

Largest funder’s share by year: 2017 49% · 2018 77% · 2019 61% · 2020 96% · 2021 83% · 2022 73% · 2023 32% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

20% of SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION's funders are still giving 3 years after their first grant; 50% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

74% of SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION's grant income comes from Virginia funders.

MI
NY
MO
WV
VA
DC
AL
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $352k arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION runs a healthier operating margin than three-quarters of the 3,230 arts & culture nonprofits its size.

Operating margin64% · top quartile
Months of reserve10.2mo · top quartile
Revenue growth (annualized)12% · above the median

this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025

Government funding SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.5M on record.

Federal$4.5M
grants $4.5Mcontracts $0
17
18
19
20
21
22
23
24
25
Top agencies
  • Department of the Interior$4.5M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

80% of spending goes to programs.

Program 80%Management 11%Fundraising 10%

Governance

18
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

96%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 28 states

NH
WA
ND
MN
WI
MI
NY
MA
OR
PA
NJ
CT
RI
UT
CO
KY
WV
VA
MD
NM
KS
TN
NC
SC
HI
OK
MS
GA

Screen this organization

A dated, signed PDF of the compliance screen for SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION?
SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION (Virginia) receives grants from 26 organizations whose IRS filings report $2,276,630 to it, the largest being LEE JACKSON EDUCATIONAL FOUNDATION ($1,369,000). 13 of them have funded it in more than one year.
How many funders does SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION have?
IRS filings report 26 organizations giving $2,276,630 in grants to SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION, 13 of which have funded it in more than one year.
Who is the largest funder of SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION?
LEE JACKSON EDUCATIONAL FOUNDATION is the largest funder on record, with $1,369,000 in grants. The full list of funders is on this page.
How can an organization like SHENANDOAH VALLEY BATTLEFIELDS FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 26 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing