Virginia Historical Society
- Assets
- $152.8m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 94
- Location
- Richmond, VA
- Founding
- 09/1941
- Data as of
- 06/2021
- EIN
- 54-0419452
Organization Overview
Virginia Historical Society, operating under the name Virginia Museum Of History & Culture, is located in Richmond, VA. The organization was established in 1941. 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 06/2021, Virginia Museum Of History & Culture employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Museum Of History & Culture 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 Museum Of History & Culture generated $30.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $8.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE TO AMERICA'S PAST THROUGH THE UNPARALLELED STORY OF VIRGINIA.
Describe the Organization's Program Activity:
COLLECTIONS AND RESEARCH
PROGRAMS AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie O Bosket President And CEO | Officer | 40 | $290,873 |
Anna E Von Gehr VP Advancement | 40 | $182,376 | |
Tracy D Schneider VP Marketing & Communicati | 40 | $147,812 | |
Richard S Heiman Sr. VP Operations, CFO & Treasurer | Officer | 40 | $145,403 |
Adam E Scher VP For Collections | 40 | $121,835 | |
Makola M Abdullah Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glave & Holmes Associates Engineering/architecture | 6/29/21 | $592,538 |
Whiting-turner Conracting Co Construction | 6/29/21 | $6,899,062 |
Electrosonic Audio Visual | 6/29/21 | $152,000 |
The Prd Group Llc Planning And Design | 6/29/21 | $164,167 |
Donna Lawrence Productions Film Production | 6/29/21 | $256,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $368,825 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,884,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,294,075 |
| Total Program Service Revenue | $223,534 |
| Investment income | $220,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $403,654 |
| Net Gain/Loss on Asset Sales | -$1,684,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,481,870 |
| 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. | $377,541 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,304,695 |
| Pension plan accruals and contributions | $190,052 |
| Other employee benefits | $322,010 |
| Payroll taxes | $264,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $224,516 |
| Fees for services: Other | $307,585 |
| Advertising and promotion | $0 |
| Office expenses | $107,628 |
| Information technology | $192,611 |
| Royalties | $0 |
| Occupancy | $642,495 |
| Travel | $20,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,300,989 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,361,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,381,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,555,757 |
| 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 | $0 |
| Net Land, buildings, and equipment | $32,330,350 |
| Investments—publicly traded securities | $87,026,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,552,011 |
| Total assets | $152,846,402 |
| Accounts payable and accrued expenses | $3,591,017 |
| Grants payable | $0 |
| Deferred revenue | $932,382 |
| Tax-exempt bond liabilities | $4,230,178 |
| 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 | $8,753,577 |
| Net assets without donor restrictions | $62,800,712 |
| Net assets with donor restrictions | $81,292,113 |
| 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 | $152,846,402 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Historical Society has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Snead Family Foundation Richmond, VA PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $32,898,583 |
| Earnings | $5,366,361 |
| Net Contributions | $8,590,420 |
| Other Expense | $2,000,429 |
| Ending Balance | $44,854,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
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 |