Virginia Foundation For Public Media

Organization Overview

Virginia Foundation For Public Media is located in Richmond, VA. The organization was established in 2018. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Foundation For Public Media 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 Foundation For Public Media generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (57.9%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2021. 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

THE FOUNDATION WORKS TO FOSTER, PROMOTE AND SUPPORT PUBLIC MEDIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VIRGINIA FOUNDATION FOR PUBLIC MEDIA ("VFPM") IS ORGANIZED FOR THE PURPOSE OF FOSTERING AND PROMOTING PUBLIC MEDIA BY SERVING AS THE PARENT OF AN INTEGRATED SYSTEM INCLUDING VPM MEDIA CORPORATION AND SUPPORTING ACTIVITIES THAT CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF VPM MEDIA CORPORATION.


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Board, Officers & Key Employees

Name (title)Compensation
Tanya Ross
Director
$0
Cynthia Bailey
Chair
$0
Philip Goodpasture
Vice-Chair
$0
Daniel Smythe
Chief Investment Officer
$0
Jayme Swain
CEO And President
$0
Gary Ometer
CFO
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
University Of Virginia Office Of Sponso
Production Services
$224,602
University Of Virginia Office Of Sponso
Production Services
$224,602
David Ern
Development Consultant Services
$151,373
David Ern
Development Consultant Services
$151,373
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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $2,211,415
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,813,948
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,025,363

Grants Awarded

Over the last fiscal year, Virginia Foundation For Public Media has awarded $3,758,901 in support to 2 organizations.

Grant RecipientAmount

VPM (FKA COMMONWEALTH PUBLIC BROADCASTING)

Org PageRecipient Profile

Richmond, VA

PURPOSE: TO ADVANCE THE ORGANIZATION'S PURPOSE AS A PUBLIC MEDIA OUTLET

$3,698,281

TOM TOM FOUNDATION

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: MARKET, RECORD AND STREAM EVENT ACTIVITIES TO A WIDER PUBLIC

$60,620
View Grant Profile

Endowment Analysis

Beg. Balance$155,316,792
Earnings$36,992,312
Admin Expense$2,075,394
Grants$5,315,082
Ending Balance$184,918,628

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