Virginia Environmental Endowment
- Assets
- $39.1m
- Revenue
- $1.8m
- Investments
- $38.2m
- Employees
- 3
- Location
- Richmond, VA
- Founding
- 09/1977
- Data as of
- 03/2022
- EIN
- 54-1041973
Organization Overview
Virginia Environmental Endowment is located in Richmond, VA. The organization was established in 1977. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 03/2022, Virginia Environmental Endowment employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Environmental Endowment is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2022, Virginia Environmental Endowment generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $4.4m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Virginia Environmental Endowment has awarded 211 individual grants totaling $14,595,596. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ENDOWMENT'S MISSION IS TO IMPROVE THE QUALITY OF THE ENVIRONMENT BY USING ITS CAPITAL, EXPERTISE, AND RESOURCES TO FUND PROJECTS AND PROGRAMS THAT ENCOURAGE ALL SECTORS TO WORK TOGETHER TO PREVENT POLLUTION, IMPROVE WATER QUALITY, RESTORE THE CHESAPEAKE BAY, CONSERVE NATURAL RESOURCES, PROMOTE ENVIRONMENTAL LITERACY AND PUBLIC AWARENESS, AND ADDRESS EMERGING ISSUES. ALTHOUGH ACCORDED A NATIONAL SCOPE BY ITS CHARTER, THE ENDOWMENT CURRENTLY LIMITS AWARDS TO ELIGIBLE ORGANIZATIONS AND PROJECTS CONDUCTED PRIMARILY IN THE STATE OF VIRGINIA AND ALSO IN THE KANAWHA AND OHIO RIVER VALLEYS OF KENTUCKY AND WEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENDOWMENT MADE GRANTS TO ORGANIZATIONS AND PROJECTS IN FOUR GRANT PROGRAMS: THE VIRGINIA PROGRAM, THE KANAWHA AND OHIO RIVER VALLEYS PROGRAM, THE JAMES RIVER WATER QUALITY IMPROVEMENT PROGRAM (JRWQIP) WHICH FOCUSES ON PRODUCING SIGNIFICANT ON-THE-GROUND WATER QUALITY BENEFITS, AND THE COMMUNITY CONSERVATION PROGRAM. COMMUNITY CONSERVATION PROGRAM IS FUNDED BY $3 MILLION THAT VEE RECEIVED AS PART OF THE AGREEMENT THE COMMONWEALTH OF VIRGINIA MADE WITH THE COMPANY CONSTRUCTING THE MOUNTAIN VALLEY PIPELINE TO OFFSET IMPACTS FROM THE CLEARING OF THE PIPELINE PATH IN SOUTHWEST VIRGNIA.VIRGINIA PROGRAM GRANTS WERE MADE FOR PROJECTS THROUGHOUT THE COMMONWEALTH THAT ALIGNED WITH THE ENDOWMENT'S STRATEGIC PRIORITIES. THE PURPOSES OF THE VIRGINIA PROGRAM GRANTS INCLUDED ADVANCING LAND CONSERVATION, PROTECTING WATER QUALITY, ADVANCING ENVIRONMENTAL LITERACY, PROTECTING THE CHESAPEAKE BAY AND SUPPORTING COASTAL RESILIENCE AND CLIMATE ADAPTATION.THE JRWQIP GRANTS WERE MADE FOR PROJECTS THAT WILL LIKELY REDUCE THE AMOUNT OF NUTRIENT AND SEDIMENT POLLUTION FLOWING INTO THE JAMES RIVER BY MORE THAN FOUR MILLION POUNDS ANNUALLY. KANAWHA AND OHIO RIVER VALLEYS PROGRAM GRANTS SUPPORT IMPORTANT WATER QUALITY EFFORTS IN PORTIONS OF WEST VIRGINIA AND KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph H Maroon Secretary, Executive Direc | Officer | 48 | $187,150 |
Dixon M Butler President | OfficerTrustee | 5 | $0 |
Robert B Smith Jr Senior Vice President | OfficerTrustee | 5 | $0 |
Nina Randolph Treasurer | OfficerTrustee | 5 | $0 |
Robin D Baliles Director | Trustee | 5 | $0 |
Blair Wimbush Director | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $542,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,247,249 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,790,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,838,840 |
| 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. | $225,563 |
| Compensation of current officers, directors, key employees. | $45,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,098 |
| Pension plan accruals and contributions | $16,770 |
| Other employee benefits | $24,322 |
| Payroll taxes | $55,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,961 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,599 |
| Travel | $139 |
| 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 | $1,805 |
| Insurance | $2,798 |
| All other expenses | $806 |
| Total functional expenses | $4,382,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $903,485 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $38,234,279 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,141,964 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $362,750 |
| 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 | $0 |
| Total liabilities | $362,750 |
| Net assets without donor restrictions | $23,664,069 |
| Net assets with donor restrictions | $15,115,145 |
| 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 | $39,141,964 |
Grants Awarded
Over the last fiscal year, Virginia Environmental Endowment has awarded $2,228,111 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: IMPROVE THE QUALITY OF THE ENVIRONMENT | $754,700 |
Charleston, WV PURPOSE: WATER POLICY IN WEST VIRGINIA: MAINTAINING INDEPENDENT AND SCIENCE BASED VOICE TO PROTECT WATER RESOURCES | $215,000 |
Blacksburg, VA PURPOSE: IMPROVE THE QUALITY OF THE ENVIRONMENT | $189,134 |
Mechanicsville, VA PURPOSE: IMPROVE THE QUALITY OF THE ENVIRONMENT | $177,600 |
Frankfort, KY PURPOSE: GROWTH OF AN ACTIVE CITIZEN SCIENCE AND EDUCATION PROGRAM THROUGH A FOCUS ON VISIBILITY NETWORKING AND PARTNERSHIPS | $150,000 |
WESTERN VIRGINIA WATER AUTHORITY PURPOSE: ENVIRONMENTAL HARM REDUCTION THROUGH PROPER DISPOSAL OF MEDICATIONS | $136,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenpeace Fund Inc Washington, DC | $50,941,400 | $35,132,276 |
Ocean Foundation Washington, DC | $16,715,684 | $11,796,534 |
Casey Trees Washington, DC | $172,847,152 | $12,912,078 |
Clean Streams Foundation Inc Lexington, KY | $202,225,657 | $8,619,975 |
Virginia Environmental Endowment Richmond, VA | $39,141,964 | $1,790,193 |
Lewis Ginter Botanical Garden Foundation Richmond, VA | $28,483,721 | $2,256,902 |
E O Robinson Mountain Fund Lexington, KY | $17,876,477 | $3,592,124 |
Ajp Educational Foundation Inc Falls Church, VA | $978,918 | $1,563,640 |
Horticultural Research Institute Endowment Fund Inc Washington, DC | $20,650,624 | $2,143,577 |
Invest Appalachia Inc Asheville, NC | $220,408 | $648,625 |
Roatan Marine Park International Inc Frederick, MD | $10,468 | $0 |
Okane Family Foundation Inc Great Falls, VA | $4,416,415 | $156,720 |