Montpelier Foundation
- Assets
- $36.2m
- Revenue
- $10.1m
- Investments
- $9.1m
- Employees
- 102
- Location
- Orange, VA
- Founding
- 11/1998
- Data as of
- 06/2023
- EIN
- 31-1620682
Organization Overview
Montpelier Foundation is located in Orange, VA. The organization was established in 1998. 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 06/2024, Montpelier Foundation employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montpelier 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 06/2023, Montpelier Foundation generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A MEMORIAL TO JAMES MADISON AND THE ENSLAVED COMMUNITY, A MUSEUM OF AMERICAN HISTORY, AND A CENTER FOR CONSTITUTIONAL EDUCATION THAT ENGAGES THE PUBLIC WITH THE ENDURING LEGACY OF MADISON'S MOST POWERFUL IDEA: GOVERNMENT BY THE PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND ENGAGEMENT: WORKING CLOSELY WITH ARCHAEOLOGY, HISTORIC ARCHITECTURE AND COLLECTIONS, THE DEPARTMENT OF EDUCATION AND ENGAGEMENT OVERSEES ALL PUBLIC PROGRAMMING AT MONTPELIER. THIS INCLUDES DEVELOPING TOUR CONTENT, INTERPRETIVE SIGNAGE, AND PROGRAMMING FOR STUDENT AND ADULT GROUPS. IT WAS INSTRUMENTAL IN THE PLANNING AND EXECUTION OF THE AWARD-WINNING EXHIBITION THE MERE DISTINCTION OF COLOUR.
HISTORIC ARCHITECTURE AND COLLECTIONS:HISTORIC ARCHITECTURE AND COLLECTIONS ARE RESPONSIBLE FOR THE CARE AND MAINTENANCE OF MONTPELIER'S HISTORIC STRUCTURES - MANY ASSOCIATED WITH THE DUPONT ERA - IN ADDITION TO LEADING SIGNIFICANT HISTORIC RECONSTRUCTION PROJECTS SUCH AS THE SOUTH YARD. THIS IS ACCOMPLISHED THROUGH ARCHITECTURAL FIELDWORK BY EXAMINING WOOD SPECIES, NAILS, WINDOWS, DECORATIVE MOULDINGS, AND MORE, TO ENSURE THAT THE RECONSTRUCTED BUILDINGS ARE AS HISTORICALLY ACCURATE AS POSSIBLE. FOR EXAMPLE, DURING THE RESTORATION OF THE TEMPLE, THE RECOVERY OF A SINGLE MADISON-ERA SHINGLE WHILE INVESTIGATING THE ROOF FRAMING LED TO THE DETERMINATION THAT THE TEMPLE ROOF WAS ORIGINALLY PAINTED RED.CURATORIAL AND COLLECTIONS IS INSTRUMENTAL IN THE FURNISHING OF THE HOUSE AND OTHER RECONSTRUCTED BUILDINGS ON THE PROPERTY. ALL OF THE INSTALLATIONS AND ACQUISITIONS ARE BASED, AT LEAST IN PART, ON THE WORK AND DISCOVERIES OF OTHER DEPARTMENTS LIKE ARCHAEOLOGY, RESEARCH, AND ARCHITECTURAL PRESERVATION. RECENT PROJECTS INCLUDE THE FURNISHING PLANS FOR THE SOUTH YARD QUARTERS; THE ACQUISITION OF THE ARTWORK IN THE SOUTH PASSAGE OF THE HOUSE; THE ACQUISITION OF OBJECTS CONNECTED TO DOLLEY MADISON: A LADY'S POCKET WATCH, SEWING KIT, AND MINIATURE PAINTING OF THE YOUNG MRS. MADISON; AND THE MOST RECENT FURNISHINGS OF JOHN PAYNE TODD'S BEDROOM, A GUEST BEDROOM, AND AN "INTERACTIVE" ROOM.
ROBERT H. SMITH CENTER FOR THE CONSTITUTION:THE ROBERT H. SMITH CENTER FOR THE CONSTITUTION PROVIDES WORLD-CLASS EDUCATIONAL PROGRAMMING, BOTH ON-SITE AND ONLINE. PARTICIPANTS COME FROM ALL OVER THE WORLD TO ENGAGE IN CIVIC DIALOGUE, IMPROVE THEIR UNDERSTANDING OF THE FOUNDING PRINCIPLES OF THE UNITED STATES, AND DEEPEN THEIR POTENTIAL INVOLVEMENT IN DEMOCRACY. SPECIFIC PROGRAMMING IS OFFERED FOR EDUCATORS, LAW ENFORCEMENT OFFICERS, AND INTERNATIONAL CIVIL SERVANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Hasan Kwame Jeffries Chair | OfficerTrustee | 2 | $0 |
Prof Leslie Alexander Vice Chair | OfficerTrustee | 2 | $0 |
Mr Joshua Rothman Secretary | OfficerTrustee | 2 | $0 |
Ms Nicole Thorne Jenkins Treasurer | OfficerTrustee | 2 | $0 |
Dr Bettye Kearse Director | Trustee | 2 | $0 |
Dr Daina Berry Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Blue Ridge Group Inc Advertising | 6/29/20 | $222,414 |
Salvagewrights Ltd Construction | 6/29/20 | $153,153 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $335,421 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,040,747 |
| Noncash contributions included in lines 1a–1f | $129,423 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,376,168 |
| Total Program Service Revenue | $960,008 |
| Investment income | $355,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $192,608 |
| Net Gain/Loss on Asset Sales | -$45,174 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $189,079 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,079,782 |
| 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. | $177,857 |
| Compensation of current officers, directors, key employees. | $93,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,232,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $414,930 |
| Payroll taxes | $177,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,594 |
| Fees for services: Accounting | $201,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,744 |
| Fees for services: Other | $236,630 |
| Advertising and promotion | $17,692 |
| Office expenses | $106,662 |
| Information technology | $210,008 |
| Royalties | $0 |
| Occupancy | $300,749 |
| Travel | $5,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $227,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,067,813 |
| Insurance | $104,992 |
| All other expenses | $0 |
| Total functional expenses | $6,134,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,935 |
| Savings and temporary cash investments | $4,004,590 |
| Pledges and grants receivable | $4,274,824 |
| 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 | $166,236 |
| Prepaid expenses and deferred charges | $44,575 |
| Net Land, buildings, and equipment | $17,179,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,142,419 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,562 |
| Total assets | $36,190,610 |
| Accounts payable and accrued expenses | $103,639 |
| Grants payable | $0 |
| Deferred revenue | $34,686 |
| Tax-exempt bond liabilities | $6,686,002 |
| 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 | $340,337 |
| Total liabilities | $7,164,664 |
| Net assets without donor restrictions | $12,607,118 |
| Net assets with donor restrictions | $16,418,828 |
| 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 | $36,190,610 |