Victims Of Communism Memorial Foundation Inc
- Assets
- $17.2m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 33
- Location
- Washington, DC
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 52-1920858
Organization Overview
Victims Of Communism Memorial Foundation Inc is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Victims Of Communism Memorial Foundation Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victims Of Communism Memorial Foundation Inc 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 12/2021, Victims Of Communism Memorial Foundation Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. 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
EDUCATE AMERICANS ABOUT THE MORE THAN 100 MILLION VICTIMS OF COMMUNISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM - VOC IS ESTABLISHING A MUSEUM TO COMMEMORATE VICTIMS OF COMMUNISM AND EDUCATE THE PUBLIC, THROUGH INTERACTIVE EXHIBITS AND DISPLAYS, THE EFFECTS OF COMMUNISM THROUGHOUT THE WORLD. THE MUSEUM OPENED ITS DOORS TO THE PUBLIC IN JUNE 2022.
HUMAN RIGHTS PROGRAMS - SUPPORT THE EFFORTS OF DISSIDENT GROUPS TO EDUCATE THE AMERICAN PUBLIC ABOUT THE PAST AND ONGOING HUMAN RIGHTS ABUSES OCCURRING IN VARIOUS COUNTRIES, INCLUDING CHINA, CUBA, LAOS, NORTH KOREA, VENEZUELA, AND VIETNAM.
EDUCATION PROGRAMS - PUBLISH CURRICULUM RESOURCES FOR MIDDLE AND HIGH SCHOOL EDUCATORS; CONDUCT CONTINUING EDUCATION SEMINARS AND IN-SERVICE PROFESSIONAL DEVELOPMENT WORKSHOPS FOR MIDDLE AND HIGH SCHOOL TEACHERS; HOST SYMPOSIA FOR SUBJECT AREA SCHOLARS AND UNIVERSITY FACULTY; AND PROVIDE INTERACTIVE PRESENTATIONS FOR TEACHERS AND STUDENTS ON STREAMABLE LEARNING. VOC PUBLISHED AN EXPANDED 3RD EDITION OF ITS CURRICULUM "COMMUNISM: ITS IDEOLOGY, ITS HISTORY, AND ITS LEGACY" IN 2021. VOC'S 600+ SEMINAR AND WORKSHOP ALUMNI NOW REACH MORE THAN 90,000 STUDENTS IN THEIR CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amb Andrew Bremberg President/ceo | OfficerTrustee | 50 | $211,994 |
Ilona Teleki Chief Financial Officer | 50 | $208,159 | |
Brittany Balmer Director Of Operations | 50 | $160,000 | |
Carlos Ponce Senior Fellow/director Of La Programs | 50 | $145,000 | |
Kristina Olney Director Of Govt Relations | 50 | $140,000 | |
Marion Smith Term End 121 President/ceo/director Of Museum | OfficerTrustee | 50 | $12,381 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hitt Contracting Inc Museum Construction Services | 12/30/21 | $2,138,183 |
Explus Inc Museum Exhibit Fabrication Services | 12/30/21 | $1,396,347 |
Gallagher & Associates Llc Museum Planning And Design | 12/30/21 | $646,520 |
Mark G Anderson Consultants Inc Museum Construction Management Service | 12/30/21 | $403,822 |
Webster Chamberlain & Bean Llp Legal Services | 12/30/21 | $161,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,880,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,363,658 |
| Noncash contributions included in lines 1a–1f | $159 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,243,893 |
| Total Program Service Revenue | $0 |
| Investment income | $308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,238,783 |
| 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. | $244,381 |
| Compensation of current officers, directors, key employees. | $50,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,755,374 |
| Pension plan accruals and contributions | $32,494 |
| Other employee benefits | $196,200 |
| Payroll taxes | $167,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,093 |
| Fees for services: Accounting | $122,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,417,060 |
| Advertising and promotion | $350 |
| Office expenses | $57,876 |
| Information technology | $50,899 |
| Royalties | $0 |
| Occupancy | $840,245 |
| Travel | $230,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,773 |
| Insurance | $29,593 |
| All other expenses | $59,081 |
| Total functional expenses | $5,698,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,791 |
| Savings and temporary cash investments | $1,956,080 |
| Pledges and grants receivable | $411,735 |
| Accounts receivable, net | $217,140 |
| 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 | $55,849 |
| Net Land, buildings, and equipment | $8,260,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,459,925 |
| Total assets | $17,153,978 |
| Accounts payable and accrued expenses | $503,913 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,785,167 |
| Total liabilities | $6,289,080 |
| Net assets without donor restrictions | $1,457,370 |
| Net assets with donor restrictions | $9,407,528 |
| 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 | $17,153,978 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Victims Of Communism Memorial Foundation Inc has recieved totaling $1,448,850.
| Awarding Organization | Amount |
|---|---|
Diana Davis Spencer Foundation Bethesda, MD PURPOSE: MARXISM IN AMERICA PROJECT: COUNTERING COMMUNIST INFLUENCE THROUGH PUBLIC EDUCATION, RESEARCH, AND POLICY STUDIES | $700,000 |
Sarah Scaife Foundation Inc Pittsburgh, PA PURPOSE: PROGRAM AND PROJECT SUPPORT | $610,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $56,050 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT GENERAL OPERATIONS | $50,000 |
Dick And Betsy Devos Family Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $15,000 |
Strake Foundation Houston, TX PURPOSE: COUNTERING MARXISM IN AMERICA | $15,000 |
Endowment Analysis
| Beg. Balance | $45,286 |
| Admin Expense | $45,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
American Historical Association Washington, DC | $10,775,431 | $4,710,138 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |