Thomas Jefferson Foundation Inc
- Assets
- $395.5m
- Revenue
- $54.0m
- Investments
- $275.8m
- Employees
- 384
- Location
- Charlottesville, VA
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 54-0505959
Organization Overview
Thomas Jefferson Foundation Inc is located in Charlottesville, VA. The organization was established in 1985. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Thomas Jefferson Foundation Inc employed 384 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Jefferson 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, Thomas Jefferson Foundation Inc generated $54.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $32.6m during the year ending 12/2021. While expenses have increased by 1.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PRESERVE MONTICELLO AND SHARE THE HISTORY AND LEGACY OF THOMAS JEFFERSON, HIS FAMILY, AND THOSE HE HELD IN SLAVERY, WITH A GLOBAL AUDIENCE.
Describe the Organization's Program Activity:
THE THOMAS JEFFERSON FOUNDATION OPERATES MONTICELLO, THE HOME OF THE NATION'S THIRD PRESIDENT AND AUTHOR OF THE AMERICAN DECLARATION OF INDEPENDENCE. OVER THE PAST TEN YEARS, AN AVERAGE OF 400,000 PEOPLE HAVE VISITED MONTICELLO ANNUALLY. ADMISSION INCLUDES AN INTERPRETIVE GUIDED TOUR OF HIS HOME, ONE OF OUR COUNTRY'S FOREMOST ARCHITECTURAL MASTERPIECES AND THE ONLY HOME IN AMERICA NAMED TO THE UNITED NATIONS WORLD HERITAGE LIST. IN ADDITION TO ADMISSION REVENUE, THE ABOVE TOTAL ALSO INCLUDES GIFTS AND GRANTS, AND SALES FROM THE RETAIL OPERATIONS OF THE MUSEUM SHOPS, CATALOG, AND ONLINE STORE. THE REVENUE CONTRIBUTES TO THE PRESERVATION OF MONTICELLO FOR FUTURE GENERATIONS, WHICH IS ONE OF THE MISSIONS OF THE FOUNDATION. THE FOUNDATION'S RESTORATION DEPARTMENT IS DEDICATED TO THE ARCHITECTURAL PRESERVATION OF THE UNITED NATIONS WORLD HERITAGE HOUSE WHILE THE CURATORIAL COLLECTIONS ARE UNDER THE CARE OF A FULL-TIME CURATORIAL DEPARTMENT.
THE THOMAS JEFFERSON FOUNDATION OPERATES THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES, WHICH HOUSES THE THOMAS JEFFERSON LIBRARY. THE CENTER IS ALSO DEVOTED TO EDUCATION OF THE GENERAL PUBLIC AS WELL AS SCHOLARLY RESEARCH AND PUBLICATION, THROUGH THE JEFFERSON LIBRARY, ARCHAEOLOGICAL RESEARCH AND PUBLICATION, AND OTHER ADULT EDUCATION PROGRAMS. THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES ALSO IS RESPONSIBLE FOR THE RESEARCH AND PUBLICATION OF 24 VOLUMES OF RESEARCH, THE PAPERS OF THOMAS JEFFERSON, EMBRACING THE PERIOD FROM JEFFERSON'S RETIREMENT FROM THE PRESIDENCY IN MARCH 1809 UNTIL HIS DEATH IN 1826, KNOWN AS THE "RETIREMENT SERIES".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Greene Bowman President | Officer | 50 | $585,548 |
Laura B Terry Vice President & CFO | Officer | 50 | $321,615 |
Gary L Sandling Vice President Of Visitor Serv | Officer | 50 | $190,556 |
Andrew J O'shaughnessy Vice President & Saunders Dir | Officer | 50 | $181,309 |
Sharon L Mcelroy Director Of Retail Sales | 50 | $151,247 | |
John J Looney Editor, Thomas Jefferson Paper | 50 | $149,311 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bpo American Inc Call Center Services | 12/30/21 | $195,000 |
Progress Printing Catalog Printing | 12/30/21 | $567,733 |
Render Union Llc Consulting | 12/30/21 | $294,958 |
Google Inc Catalog Advertising | 12/30/21 | $320,760 |
Brand Building Communications Llc Professional Service | 12/30/21 | $191,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,934,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,481,263 |
| Noncash contributions included in lines 1a–1f | $1,404,965 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,416,191 |
| Total Program Service Revenue | $8,141,396 |
| Investment income | $1,538,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,833 |
| Net Rental Income | $195,091 |
| Net Gain/Loss on Asset Sales | $22,771,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,931,768 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,038,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| Grants and other assistance to domestic individuals. | $102,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,431,742 |
| Compensation of current officers, directors, key employees. | $869,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,432,632 |
| Pension plan accruals and contributions | $541,341 |
| Other employee benefits | $1,261,712 |
| Payroll taxes | $915,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,837 |
| Fees for services: Accounting | $124,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,303,167 |
| Fees for services: Other | $1,934,837 |
| Advertising and promotion | $815,961 |
| Office expenses | $1,842,546 |
| Information technology | $804,155 |
| Royalties | $122 |
| Occupancy | $624,707 |
| Travel | $186,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,173 |
| Interest | $1,172,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,718,756 |
| Insurance | $370,800 |
| All other expenses | $76,756 |
| Total functional expenses | $32,558,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,933,828 |
| Pledges and grants receivable | $1,232,291 |
| Accounts receivable, net | $1,698,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,517,974 |
| Prepaid expenses and deferred charges | $905,372 |
| Net Land, buildings, and equipment | $66,057,104 |
| Investments—publicly traded securities | $40,996,179 |
| Investments—other securities | $275,836,293 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $315,870 |
| Total assets | $395,493,786 |
| Accounts payable and accrued expenses | $3,777,717 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $29,746,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,363,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,637,696 |
| Total liabilities | $38,524,413 |
| Net assets without donor restrictions | $219,044,609 |
| Net assets with donor restrictions | $137,924,764 |
| 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 | $395,493,786 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Thomas Jefferson Foundation Inc has recieved totaling $107,600.
| Awarding Organization | Amount |
|---|---|
Ronald S Kossar Foundation Inc Middletown, NY PURPOSE: GENERAL CONTRIBUTION | $100,000 |
C Jay Moorhead Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $6,500 |
Steve And Patty Harrison Foundation Mcalester, OK PURPOSE: PRESERVE AND OPERATE MONTICELLO | $500 |
Robert J & Frances V Lawrence Foundation Inc Frederick, MD PURPOSE: CONTRIBUTION | $500 |
David And Mary Sterling Foundation Inc Hinsdale, IL PURPOSE: EDUCATIONAL | $100 |
Endowment Analysis
| Beg. Balance | $272,484,711 |
| Earnings | $18,752,430 |
| Net Contributions | $190,794 |
| Other Expense | $9,626,846 |
| Ending Balance | $281,801,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |