Virginia Museum Of Natural History Foundation
- Assets
- $1.4m
- Revenue
- $482.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 09/1984
- Data as of
- 06/2022
- EIN
- 52-1356848
Organization Overview
Virginia Museum Of Natural History Foundation is located in Martinsville, VA. The organization was established in 1984. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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 Museum Of Natural History 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 06/2022, Virginia Museum Of Natural History Foundation generated $482.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $175.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IMPLEMENTS PROGRAMS AND PROJECTS WHICH SUPPORT THE GOALS OF THE MUSEUM. THE RESPONSIBILITIES INCLUDE SOLICITATION, RECEIPT AND DISBURSEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IMPLEMENTS PROGRAMS AND PROJECTS WHICH HAVE BEEN AUTHORIZED BY THE TRUSTEES OF THE MUSEUM. THE RESPONSIBILITIES INCLUDE SOLICITATION, RECEIPT, AND DISBURSEMENT OF DONATIONS AND GRANTS MADE ON BEHALF OF THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Earl Armstrong III President | OfficerTrustee | 2 | $0 |
James Tobin Secretary | OfficerTrustee | 2 | $0 |
Tyler Carter Treasurer | OfficerTrustee | 2 | $0 |
Dr Joan Montgomery Vice President | OfficerTrustee | 2 | $0 |
Mary Handy Director | Trustee | 2 | $0 |
Stacy Barbour Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,237 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,168 |
| Total Program Service Revenue | $0 |
| Investment income | $40,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,002 |
| 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. | $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 | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,496 |
| Office expenses | $0 |
| Information technology | $9,383 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,385 |
| All other expenses | $1,530 |
| Total functional expenses | $175,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $685,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $508 |
| 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 | $411 |
| Net Land, buildings, and equipment | $12,000 |
| Investments—publicly traded securities | $701,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,400,155 |
| Accounts payable and accrued expenses | $26,221 |
| Grants payable | $0 |
| Deferred revenue | $15,207 |
| 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 | $0 |
| Total liabilities | $41,428 |
| Net assets without donor restrictions | $122,708 |
| Net assets with donor restrictions | $1,236,019 |
| 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 | $1,400,155 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Virginia Museum Of Natural History Foundation has recieved totaling $32,500.
| Awarding Organization | Amount |
|---|---|
Constance C & Linwood A Lacy Jr Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,000 |
Hermes Family Foundation Summerfield, NC PURPOSE: CHARITABLE | $3,000 |
Marjorie Sutton Memorial Foundation Martinsville, VA PURPOSE: CHARITABLE | $2,500 |
Elster Foundation Charlotte, NC PURPOSE: CHARITABLE | $2,000 |
Endowment Analysis
| Beg. Balance | $752,978 |
| Earnings | -$50,816 |
| Net Contributions | $100,000 |
| Ending Balance | $802,162 |
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 |