The Library Of Virginia Foundation
- Assets
- $4.8m
- Revenue
- $907.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Richmond, VA
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 54-1298764
Organization Overview
The Library Of Virginia Foundation is located in Richmond, VA. The organization was established in 1985. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Library Of Virginia Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Of Virginia 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 06/2021, Library Of Virginia Foundation generated $907.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $694.3k during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 5 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
SUPPORT LIBRARY OF VIRGINIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES ARE MADE TO ASSIST THE STATE LIBRARY OF THE COMMONWEALTH OF VIRGINIA IN ITS MISSION TO ACQUIRE, PRESERVE AND MAINTAIN COLLECTIONS OF BOOKS, MAPS, DOCUMENTS, AND OTHER ARTIFACTS, PROGRAMS, EXHIBITS AND EVENTS HELD FOR THE PUBLIC TO PROMOTE CULTURAL AND HISTORICAL LITERACY THROUGHOUT THE COMMONWEALTH OF VIRGINIA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott R Dodson Executive Director | 40 | $116,700 | |
Lucia Anna Trigiani President | OfficerTrustee | 2 | $0 |
Corynne S Arnett Treasurer | OfficerTrustee | 2 | $0 |
Julia Marsden Vice President | OfficerTrustee | 2 | $0 |
Lara Wulff Secretary | OfficerTrustee | 2 | $0 |
Steve Rogers Immediate Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,930 |
| Related organizations | $0 |
| Government grants | $52,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $435,751 |
| Noncash contributions included in lines 1a–1f | $18,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,339 |
| Total Program Service Revenue | $0 |
| Investment income | $78,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $297,411 |
| Net Income from Fundraising Events | -$22,969 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $907,161 |
| 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. | $127,621 |
| Compensation of current officers, directors, key employees. | $25,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,041 |
| Pension plan accruals and contributions | $4,651 |
| Other employee benefits | $29,219 |
| Payroll taxes | $21,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,098 |
| Fees for services: Other | $61,068 |
| Advertising and promotion | $531 |
| Office expenses | $4,523 |
| Information technology | $12,303 |
| Royalties | $0 |
| Occupancy | $12,000 |
| 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 | $366 |
| Insurance | $4,284 |
| All other expenses | $27,712 |
| Total functional expenses | $694,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,510 |
| Accounts receivable, net | $863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,638 |
| Prepaid expenses and deferred charges | $3,326 |
| Net Land, buildings, and equipment | $12,597 |
| Investments—publicly traded securities | $4,475,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,803,475 |
| Accounts payable and accrued expenses | $7,034 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,957 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $15,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,991 |
| Net assets without donor restrictions | $1,481,035 |
| Net assets with donor restrictions | $3,266,449 |
| 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 | $4,803,475 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that The Library Of Virginia Foundation has recieved totaling $222,423.
| Awarding Organization | Amount |
|---|---|
Virginia Law Foundation Charlottesville, VA PURPOSE: VLF GRANT SUPPORTS THE 50TH ANNIVERSARY OF THE 1974 VIRGINIA CONSTITUTION INITIATIVES. | $50,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: 2022 STRONG MEN AND WOMEN IN VIRGINIA HISTORY | $44,000 |
Shelton H Short Jr Tr Ua Share Three Las Vegas, NV PURPOSE: GENERAL OPERATING | $30,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $25,250 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: 24TH ANNUAL VIRGINIA LITERARY AWARDS HOSTED BY THE LIBRARY OF VIRGINIA | $25,000 |
Richard S Reynolds Foundation Richmond, VA PURPOSE: 200TH ANNIVERSARY ACTIVITIES | $25,000 |
Endowment Analysis
| Beg. Balance | $1,819,500 |
| Ending Balance | $1,819,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
The Malala Fund Washington, DC | $40,557,471 | $29,060,686 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |