Colonial Williamsburg Foundation
- Assets
- $1.7b
- Revenue
- $164.1m
- Investments
- $551.3m
- Employees
- 1,155
- Location
- Williamsburg, VA
- Founding
- 04/1938
- Data as of
- 12/2021
- EIN
- 54-0505888
Organization Overview
Colonial Williamsburg Foundation is located in Williamsburg, VA. The organization was established in 1938. 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, Colonial Williamsburg Foundation employed 1,155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonial Williamsburg Foundation 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, Colonial Williamsburg Foundation generated $164.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $111.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE, RESTORE, RECONSTRUCT, OR OTHERWISE MAINTAIN HISTORICAL STRUCTURES, OBJECTS, WORKS OF ART AND LOCATIONS AND TO PROMOTE, ENCOURAGE, AND CARRY ON ANY HISTORICAL, INTERPRETIVE, RESEARCH, OR RELATED EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
EDUCATION, RESEARCH AND HISTORICAL INTERPRETATION-THE HISTORIC AREA IS A 301-ACRE OUTDOOR HISTORY MUSEUM WITH OVER 600 ORIGINAL AND RECONSTRUCTED HOUSES, OUTBUILDINGS, SHOPS, TAVERNS, AND PUBLIC BUILDINGS. INTERPRETATION BY COSTUMED EMPLOYEES ENGAGE VISITORS IN DIALOGUE WITH HISTORICAL RESIDENTS OF COLONIAL WILLIAMSBURG AND AT TRADE SITES. TOURS ARE OFFERED THROUGH THE HOUSES, TAVERNS AND PUBLIC BUILDINGS. SPECIALIZED TOURS ARE AVAILABLE THAT FOCUS ON AFRICAN-AMERICANS, THE ROLE OF WOMEN IN THE 18TH-CENTURY, AND THE ORIGINS OF THE U.S. CONSTITUTION.
MUSEUMS, PRESERVATION AND HISTORIC RESOURCES-COLONIAL WILLIAMSBURG'S WIDE-RANGING COLLECTIONS, ACQUIRED OVER THE PAST 90 YEARS, PROVIDE THE ART, OBJECTS, ARTIFACTS, AND BUILDINGS NECESSARY TO ACCURATELY RECREATE THE ENVIRONMENT OF 18TH-CENTURY WILLIAMSBURG. THE ARCHAEOLOGICAL AND ARCHITECTURAL COLLECTION INCLUDE 500,000 WHOLE ARCHAEOLOGICAL ARTIFACTS FROM EXCAVATIONS IN AND AROUND WILLIAMSBURG AS WELL AS 60 MILLION FRAGMENTS (PROBABLY THE LARGEST SINGLE ARCHAEOLOGICAL HOLDING RELATING TO 18TH-CENTURY AMERICA), AND SOME 19,000 ARCHITECTURAL FRAGMENTS.
TAVERNS AND COLONIAL HOUSES-IDEAL FOR GUESTS WHO WISH TO FULLY IMMERSE THEMSELVES IN THE 18TH-CENTURY, COLONIAL WILLIAMSBURG OFFERS AUTHENTIC PERIOD ACCOMODATIONS IN THE HISTORIC AREA WHERE OUR FOUNDING FAMILIES ONCE LODGED. SERVERS IN TAVERNS ARE IN PERIOD DRESS AND INTERPRET THE 18TH-CENTURY DINING EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford Fleet III President & CEO | OfficerTrustee | 65 | $577,910 |
Kevin Patrick CFO | Officer | 50 | $404,831 |
Earl Granger III Cdo | Officer | 50 | $340,278 |
Mark Hileman General Counsel | Officer | 50 | $279,748 |
Shaun Coleman Vice President | Officer | 50 | $275,463 |
Elizabeth Kelly Vice President | Officer | 50 | $263,262 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Nexsen Inc Architects & Engineers | 12/30/21 | $882,224 |
Wff Facility Services Facilities Mgmt | 12/30/21 | $2,427,706 |
Brightview Landscape Services Landscape Maintenance | 12/30/21 | $1,437,894 |
Mcguire Woods Llp Legal | 12/30/21 | $907,265 |
Anthem Plans Of Virginia Administrative Fee | 12/30/21 | $504,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,064,539 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,908,408 |
| Noncash contributions included in lines 1a–1f | $5,864,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,972,947 |
| Total Program Service Revenue | $24,273,210 |
| Investment income | $7,284,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $649,354 |
| Net Rental Income | -$6,460,759 |
| Net Gain/Loss on Asset Sales | $64,952,925 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,741 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,089,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,878 |
| 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. | $4,668,546 |
| Compensation of current officers, directors, key employees. | $3,020,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,742,256 |
| Pension plan accruals and contributions | $283,677 |
| Other employee benefits | $9,813,145 |
| Payroll taxes | $3,222,424 |
| Fees for services: Management | $8,532,305 |
| Fees for services: Legal | $1,272,296 |
| Fees for services: Accounting | $209,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,688,397 |
| Fees for services: Other | -$6,289,921 |
| Advertising and promotion | $2,452,198 |
| Office expenses | $4,298,063 |
| Information technology | $2,475,343 |
| Royalties | $664 |
| Occupancy | $3,834,808 |
| Travel | $65,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $308,390 |
| Interest | $6,565,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,775,325 |
| Insurance | $656,816 |
| All other expenses | $1,627,706 |
| Total functional expenses | $111,219,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,000 |
| Savings and temporary cash investments | $40,029,691 |
| Pledges and grants receivable | $12,601,728 |
| Accounts receivable, net | $2,171,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,736 |
| Inventories for sale or use | $1,482,473 |
| Prepaid expenses and deferred charges | $2,207,687 |
| Net Land, buildings, and equipment | $286,506,711 |
| Investments—publicly traded securities | $229,873,821 |
| Investments—other securities | $551,303,403 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $559,305,804 |
| Total assets | $1,685,638,784 |
| Accounts payable and accrued expenses | $19,978,773 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,000,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,459,011 |
| Unsecured mortgages and notes payable | $309,505,878 |
| Other liabilities | $30,688,761 |
| Total liabilities | $380,632,423 |
| Net assets without donor restrictions | $783,809,997 |
| Net assets with donor restrictions | $521,196,364 |
| 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 | $1,685,638,784 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Colonial Williamsburg Foundation has recieved totaling $27,100.
| Awarding Organization | Amount |
|---|---|
Steven And Sheila Miller Foundation Houston, TX PURPOSE: EDUCATION | $10,000 |
The Joseph G & Inez Crawford Burtchaell Foundation Inc Atlanta, GA PURPOSE: UNRESTRICTED | $6,000 |
Nelson Family Charitable Trust 637-74c99 Williamsburg, VA PURPOSE: GENERAL OPERATING | $2,500 |
Robert And Virginia Cornog Family Foundation Naples, FL PURPOSE: GENERAL FUND | $1,500 |
Gladstone Tipton Foundation Jefferson Hills, PA PURPOSE: CHARITY | $1,000 |
Rogers Wilbur Foundation Inc Crownsville, MD PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $664,345,975 |
| Earnings | $149,318,926 |
| Admin Expense | $3,796,678 |
| Net Contributions | $20,275,908 |
| Other Expense | $48,966,909 |
| Ending Balance | $781,177,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colonial Williamsburg Foundation Williamsburg, VA | $1,685,638,784 | $164,089,192 |
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 |