Virginia War Memorial Foundation Inc

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.

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)Compensation
Pamela R Seay
President
$118,456
Bill Davis
Treasurer
$0
Joseph C Barto III
Secretary
$0
Frank F Rennie IV
Immediate Pa
$0
Richard St John Jr
2nd Vice Cha
$0
Linda V Schreiner
Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Virginia Department Of Veteran Serv
Expansion
$670,000
Kearney & Associates
Exhibits
$169,119
Smart Resources Inc
Staff/services
$374,250
View All Vendors

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

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 OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,335,797
Earnings$529,109
Net Contributions$5,823,477
Ending Balance$8,688,383

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