Virginia War Memorial Foundation Inc
- Assets
- $10.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 31-1647903
Organization Overview
Virginia War Memorial Foundation Inc is located in Richmond, VA. The organization was established in 2000. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Virginia War Memorial Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia War Memorial Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Virginia War Memorial Foundation Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $743.0k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND RAISE FUNDS FOR THE VIRGINIA WAR MEMORIAL, A STATE AGENCY OF VIRGINIA, WHICH WAS CREATED FOR THE PURPOSE OF HONORING PATRIOTIC VIRGINIANS WHO RENDERED FAITHFUL SERVICE AND SACRIFICE IN THE CAUSE OF FREEDOM AND LIBERTY FOR THE COMMONWEALTH AND THE NATION IN TIME OF WAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES INCLUDE HISTORIC INTERVIEWS, ELECTRONIC NEWSLETTERS, A SERIES OF ON-SITE AND OFF-SITE EDUCATION PROGRAMS AND VARIOUS OTHER PROGRAMS AND CEREMONIES TO EDUCATE AND RECOGNIZE THE SACRIFICES THAT VETERANS HAVE MADE FOR THEIR COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela R Seay President | Officer | 40 | $118,456 |
Bill Davis Treasurer | OfficerTrustee | 5 | $0 |
Richard St John Jr 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Joseph C Barto III Secretary | OfficerTrustee | 1 | $0 |
Frank F Rennie IV Immediate Pa | OfficerTrustee | 1 | $0 |
Linda V Schreiner Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virginia Department Of Veteran Serv Expansion | 12/30/19 | $670,000 |
Kearney & Associates Exhibits | 12/30/19 | $169,119 |
Smart Resources Inc Staff/services | 12/30/19 | $374,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,970,788 |
| Noncash contributions included in lines 1a–1f | $3,019,676 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,970,788 |
| Total Program Service Revenue | $0 |
| Investment income | $154,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,125 |
| Net Gain/Loss on Asset Sales | $11,780 |
| Net Income from Fundraising Events | -$7,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,529 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,216,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,456 |
| Compensation of current officers, directors, key employees. | $17,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,704 |
| Payroll taxes | $24,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,376 |
| Fees for services: Other | $14,404 |
| Advertising and promotion | $4,587 |
| Office expenses | $1,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37 |
| Insurance | $3,308 |
| All other expenses | $125,951 |
| Total functional expenses | $743,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,579 |
| Savings and temporary cash investments | $1,033,884 |
| Pledges and grants receivable | $216,144 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,825 |
| Prepaid expenses and deferred charges | $1,620 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,687,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,143,435 |
| Accounts payable and accrued expenses | $9,525 |
| Grants payable | $0 |
| Deferred revenue | $7,850 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,375 |
| Net assets without donor restrictions | $9,531,261 |
| Net assets with donor restrictions | $594,799 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,143,435 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Virginia War Memorial Foundation Inc has recieved totaling $2,061,812.
| Awarding Organization | Amount |
|---|---|
C Kenneth And Dianne Wright Foundation Henrico, VA PURPOSE: COMMUNITY ASSISTANCE | $1,976,999 |
The Anne Carter Robins And Walter R Robins Jr Foundation Richmond, VA PURPOSE: NEW ENTRANCE AREA (FOUR OF FIVE-YEAR COMMITMENT) | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $17,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,808 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $8,800 |
Endowment Analysis
| Beg. Balance | $2,335,797 |
| Earnings | $529,109 |
| Net Contributions | $5,823,477 |
| Ending Balance | $8,688,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Trust For Historic Preservation In The United States Washington, DC | $455,813,133 | $75,204,166 |
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |