Virginia Historical Society
- Assets
- $152.8m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 89
- Location
- Richmond, VA
- Founding
- 09/1941
- Data as of
- 06/2021
- EIN
- 54-0419452
Organization Overview
Virginia Historical Society, operating under the name Virginia Museum Of History & Culture, is located in Richmond, VA. The organization was established in 1941. 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 06/2022, Virginia Museum Of History & Culture employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Museum Of History & Culture 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 06/2021, Virginia Museum Of History & Culture generated $30.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $8.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Virginia Museum Of History & Culture has awarded 11 individual grants totaling $397,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE TO AMERICA'S PAST THROUGH THE UNPARALLELED STORY OF VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS AND RESEARCH
PROGRAMS AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Makola M Abdullah Trustee | Trustee | 2 | $0 |
Neil Amin Trustee | Trustee | 2 | $0 |
Victor K Branch Trustee | Trustee | 2 | $0 |
Jeanette R Cadwallender Trustee | Trustee | 2 | $0 |
William C Davis Trustee | Trustee | 2 | $0 |
Joanie Eiland Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whiting-turner Conracting Co Construction | 6/29/22 | $11,653,281 |
1220 Exhibits Inc Exhibit Services | 6/29/22 | $1,592,465 |
Electrosonic Audio Visual | 6/29/22 | $806,827 |
Donna Lawrence Productions Film Production | 6/29/22 | $763,400 |
Hardware Installation Services Inc Hardware Installation | 6/29/22 | $358,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,294,075 |
| Investment income | $220,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $403,654 |
| Net Gain/Loss on Asset Sales | -$1,684,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,481,870 |
| Statement of Expenses | |
|---|---|
| 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. | $377,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,304,695 |
| Pension plan accruals and contributions | $190,052 |
| Other employee benefits | $322,010 |
| Payroll taxes | $264,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $224,516 |
| Fees for services: Other | $307,585 |
| Advertising and promotion | $0 |
| Office expenses | $107,628 |
| Information technology | $192,611 |
| Royalties | $0 |
| Occupancy | $642,495 |
| Travel | $20,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,300,989 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,361,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,381,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,555,757 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $87,026,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,552,011 |
| Total assets | $152,846,402 |
| Accounts payable and accrued expenses | $3,591,017 |
| Grants payable | $0 |
| Deferred revenue | $932,382 |
| Tax-exempt bond liabilities | $4,230,178 |
| 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 | $8,753,577 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $144,092,825 |
Grants Awarded
Over the last fiscal year, Virginia Historical Society has awarded $397,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHICKAHOMINY INDIAN TRIBE PURPOSE: GENERAL PURPOSE | $65,000 |
LET FREEDOM RING FOUNDATION PURPOSE: GENERAL PURPOSE | $75,000 |
CALFEE COMMUNITY & CULTURAL CENTER PURPOSE: GENERAL PURPOSE | $50,000 |
RICHMOND PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL PURPOSE | $30,000 |
RICHMOND HILL PURPOSE: GENERAL PURPOSE | $35,000 |
THE MANASSAS MUSEUM PURPOSE: GENERAL PURPOSE | $25,000 |