Richmond Region Tourism Foundation
- Assets
- $127.4k
- Revenue
- $56.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 09/2003
- Data as of
- 06/2021
- EIN
- 51-0466631
Organization Overview
Richmond Region Tourism Foundation is located in Richmond, VA. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Region Tourism 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, Richmond Region Tourism Foundation generated $56.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $109.9k during the year ending 06/2021. 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
CHARITABLE AND EDUCATIONAL ACTIVITIES OF RICHMOND METROPOLITAN CONVENTION VISITORS BUREAU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TWO CORE PROGRAMS AND SERVICES FOR TAX YEAR 2020 FOR RICHMOND REGION TOURISM FOUNDATION INCLUDE EDUCATION AND DIVERSITY, EQUITY, AND INCLUSION DEI. EDUCATIONAL ACTIVITIES INCLUDE I AM TOURISM, A FREE AMBASSADOR PROGRAM DESIGNED TO ENHANCE THE VISTOR EXPERIENCE BY EDUCATING BOTH THE RICHMOND REGION HOSPITALITY COMMUNITY AND LOCAL CONSTITUENTS THROUGH A CLASSROOM COMPONENT AND A BUS TOUR. DEI EFFORTS INCLUDE SUPPORTING THE ONGOING EFFORTS OF OUT RVA, WHICH PROMOTES LGBTQ TOURISM, AND BLK RVA, WHICH PROMOTES AFRICAN AMERICAN TOURISM AND BLACK OWNED HOSPITALITY BUSINESSES.
SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Robertson Director/2nd Vice Chairman | OfficerTrustee | 0.3 | $0 |
Angela Kelly-Wiecek Director/chair Elect | OfficerTrustee | 0.3 | $0 |
Daniel Schmitt Director/chairman | OfficerTrustee | 0.3 | $0 |
Dennis Bickmeier Director/treasurer | OfficerTrustee | 0.3 | $0 |
Lisa Sims Director/secretary | OfficerTrustee | 0.3 | $0 |
James Holland Director/1st Vice Chairman | OfficerTrustee | 0.3 | $0 |
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 | $56,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,100 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $75 |
| Total functional expenses | $109,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $126,274 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $1,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $127,374 |
| Accounts payable and accrued expenses | $3,667 |
| Grants payable | $0 |
| Deferred revenue | $64,200 |
| Tax-exempt bond liabilities | $0 |
| 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 | $14,044 |
| Total liabilities | $81,911 |
| Net assets without donor restrictions | $40,471 |
| Net assets with donor restrictions | $4,992 |
| 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 | $127,374 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Richmond Region Tourism Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Townebank Richmond Foundation Richmond, VA PURPOSE: CONTRIBUTION | $20,000 |
Honey Foundation Richmond, VA PURPOSE: RVA SPORTS AWARD SCHOLARSHIP | $10,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: RICHMOND REGION TOURISM FOUNDATION ANNUAL AWARDS & MEETING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |