Historic Richmond Foundation-The William Byrd Branch Of Apva Preser
- Assets
- $15.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Richmond, VA
- Founding
- 10/1958
- Data as of
- 12/2021
- EIN
- 54-6026404
Organization Overview
Historic Richmond Foundation-The William Byrd Branch Of Apva Preser, operating under the name Historic Richmond, is located in Richmond, VA. The organization was established in 1958. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Historic Richmond employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Richmond 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, Historic Richmond generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $698.6k 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
TO SHAPE THE FUTURE OF RICHMOND BY PRESERVING OUR DIVERSE HISTORIC BUILDINGS, NEIGHBORHOODS, AND PLACES, SPARKING REVITALIZATION, AND CHAMPIONING OUR DISTINCTIVE ARCHITECTURAL LEGACY. HISTORIC RICHMOND PRESERVES, PROTECTS, AND PROMOTES THE HISTORIC BUILDINGS AND PLACES OF RICHMOND FOR THE ECONOMIC BENEFIT AND CULTURAL ENRICHMENT OF OUR CITY. TO ACCOMPLISH THESE OBJECTIVES, HISTORIC RICHMOND WILL BUY AND SELL HISTORIC PROPERTIES, UNDERTAKE RESTORATION PROJECTS, AND CARRY OUT EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION PROGRAMS: EXPENDITURES ARE FOR PROJECTS TO ACQUIRE AND PRESERVE HOUSES, BUILDINGS, STRUCTURES, SITES, AND OBJECTS IN AND AROUND RICHMOND, VA THAT ARE CONNECTED WITH, ILLUSTRATIVE OF, OR UNIQUE TO THE HISTORY AND CULTURE OF THE RICHMOND AREA. ACTIVITIES INCLUDE RESTORATION WORK AT MONUMENTAL CHURCH, INCLUDING PAINTING, CARPENTRY, AND ROOF, PLASTER AND DRAINAGE REPAIRS, AND NEIGHBORHOOD REVITALIZATION WORK ON HISTORIC HOUSES IN HISTORIC NEIGHBORHOODS. ONGOING MAINTENANCE OF ST. JOHN'S MEWS IN CHURCH HILL IS PROVIDED BY HISTORIC RICHMOND EVERY YEAR. OTHER ACTIVITIES INCLUDE UPDATING AND MONITORING EASEMENTS; WORKING WITH ORGANIZATIONS SUCH AS THE COMMISSION OF ARCHITECTURAL REVIEW TO ENSURE CONTINUED PROTECTION OF HISTORIC PROPERTIES AND ENCOURAGING THE RESCUE OF NEGLECTED PROPERTIES. IN ADDITION, HISTORIC RICHMOND PROVIDED ASSISTANCE WITH RESTORATION PROJECTS FOR AN HISTORIC MASONS' HALL.
EDUCATION PROGRAMS: EXPENDITURES ARE FOR PROGRAMS THAT PROMOTE THE UNDERSTANDING OF THE HISTORY, ARCHITECTURE, AND CULTURE OF THE RICHMOND, VA AREA. HISTORIC RICHMOND WORKS ACTIVELY TO REDUCE BLIGHT, ADVOCATING FOR BUILDING STABILIZATION AND TITLE CLEARING SO HISTORIC BUILDINGS CAN BE PURCHASED AND RESTORED. HISTORIC RICHMOND ALSO SPONSORS AN EDUCATIONAL LECTURE SERIES HIGHLIGHTING THE IMPORTANCE OF PRESERVATION TO THE COMMUNITY AND HOSTS A REHAB EXPO, WHERE ATTENDEES HAVE THE OPPORTUNITY TO LEARN ABOUT A VARIETY OF TOPICS RELATED TO THE CARE, MAINTENANCE, RESTORATION, AND REHABILITATION OF HISTORIC HOMES. ADDITIONAL EDUCATIONAL ACTIVITIES INCLUDE MONTHLY TOURS OF LOCAL HISTORIC SITES, HOSTING HISTORIC HOUSE AND GARDEN TOURS, AND CREATING PUBLICATIONS TO HIGHLIGHT THE HISTORIC, ARCHITECTURAL, AND CULTURAL SIGNIFICANCE OF HISTORIC DISTRICTS, BUILDINGS, AND NEIGHBORHOODS. HISTORIC RICHMOND ALSO HOSTS AN AWARDS PROGRAM TO RECOGNIZE PROFESSIONALS WORKING IN NEIGHBORHOOD REVITALIZATION, BLIGHT REDUCTION, AND HISTORIC PRESERVATION IN THE RICHMOND REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyane B Crump Executive Director | 40 | $157,075 | |
Martha A Warthen 1st Vice President | OfficerTrustee | 1 | $0 |
Gregory H Ray President | OfficerTrustee | 1 | $0 |
Julie Weissend 3rd Vice President | OfficerTrustee | 1 | $0 |
Robert A Vallejo Treasurer | OfficerTrustee | 1 | $0 |
Sean M Beard Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,615 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $741,197 |
| Noncash contributions included in lines 1a–1f | $29,346 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,812 |
| Total Program Service Revenue | $11,914 |
| Investment income | $294,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,360 |
| Net Gain/Loss on Asset Sales | $162,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,237,594 |
| 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 | $319,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,042 |
| Payroll taxes | $23,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,025 |
| Fees for services: Accounting | $52,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,465 |
| Fees for services: Other | $11,348 |
| Advertising and promotion | $1,689 |
| Office expenses | $32,734 |
| Information technology | $9,123 |
| Royalties | $0 |
| Occupancy | $84,707 |
| 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 | $63,853 |
| Insurance | $10,809 |
| All other expenses | $0 |
| Total functional expenses | $698,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,611 |
| Savings and temporary cash investments | $2,612,203 |
| Pledges and grants receivable | $56,210 |
| Accounts receivable, net | $3,157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,129 |
| Prepaid expenses and deferred charges | $5,834 |
| Net Land, buildings, and equipment | $1,888,975 |
| Investments—publicly traded securities | $10,795,506 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,067 |
| Total assets | $15,495,692 |
| Accounts payable and accrued expenses | $25,691 |
| Grants payable | $0 |
| Deferred revenue | $20,840 |
| 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 | $46,531 |
| Net assets without donor restrictions | $15,214,135 |
| Net assets with donor restrictions | $235,026 |
| 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 | $15,495,692 |
Grants Awarded
Over the last fiscal year, Historic Richmond Foundation-The William Byrd Branch Of Apva Preser has awarded $90,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RICHMOND RANDOLPH LODGE #19 PURPOSE: PAINTING EXTERIOR OF MASONS' HALL | $60,000 |
Richmond, VA PURPOSE: FIELD STUDY ON N. JACKSON WARD | $20,000 |
Richmond, VA PURPOSE: REPAIR ARCHWAY AT THE PUMP HOUSE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historic Richmond Foundation-The William Byrd Branch Of Apva Preser has recieved totaling $45,588.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $45,588 |
Endowment Analysis
| Beg. Balance | $10,247,655 |
| Earnings | $1,584,473 |
| Admin Expense | $53,943 |
| Ending Balance | $11,778,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
White House Historical Association Washington, DC | $70,614,346 | $21,703,882 |
National Links Trust Washington, DC | $8,914,003 | $10,793,468 |
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
National Archives Foundation Washington, DC | $14,544,421 | $8,935,036 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
House Of The Temple Historic Preservation Foundation Inc Washington, DC | $31,687,828 | $5,822,669 |
Historic Annapolis Inc Annapolis, MD | $11,216,187 | $4,170,932 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |