Historic Richmond Foundation-The William Byrd Branch Of Apva Preser
- Assets
- $15.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Richmond, VA
- Founding
- 10/1958
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Historic Richmond generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $956.2k during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
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 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 MASONRY AND STUCCO REPAIRS AND OTHER EXTERIOR "SEAL THE ENVELOPE" COATINGS AND REPAIRS, PAINTING, CARPENTRY, AND ROOF, PLASTER AND DRAINAGE REPAIRS, AS WELL AS ACCESSIBILITY IMPROVEMENTS, AND NEIGHBORHOOD REVITALIZATION WORK ON HISTORIC HOUSES IN HISTORIC NEIGHBORHOODS. NEIGHBORHOOD REVITALIZATION WORK INCLUDES A PILOT PROGRAM FOCUSED ON FACADE RESTORATIONS IN JACKSON WARD AND CHURCH HILL. ONGOING MAINTENANCE OF ST. JOHN'S MEWS, A COMMUNITY GARDEN 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 PROVIDING THE OPPORTUNITY TO LEARN ABOUT A VARIETY OF TOPICS RELATED TO THE CARE, MAINTENANCE, RESTORATION, AND REHABILITATION OF HISTORIC HOMES AND BUILDINGS. 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 |
|---|---|---|---|
Martha A Warthen President | OfficerTrustee | 1 | $0 |
Julie Weissend Vice President | OfficerTrustee | 1 | $0 |
Jonathan H Bliley Treasurer | OfficerTrustee | 1 | $0 |
Sean M Beard Secretary | OfficerTrustee | 1 | $0 |
Joseph K Reid III Assistant Secretary | OfficerTrustee | 1 | $0 |
Janis Allen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,136 |
| Noncash contributions included in lines 1a–1f | $17,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,886 |
| Total Program Service Revenue | $44,301 |
| Investment income | $326,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,400 |
| Net Gain/Loss on Asset Sales | $253,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,117,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| Grants and other assistance to domestic individuals. | $4,238 |
| 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 | $485,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,347 |
| Payroll taxes | $33,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,089 |
| Fees for services: Accounting | $59,923 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,126 |
| Fees for services: Other | $7,748 |
| Advertising and promotion | $2,347 |
| Office expenses | $35,265 |
| Information technology | $7,294 |
| Royalties | $0 |
| Occupancy | $97,339 |
| 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 | $76,530 |
| Insurance | $13,537 |
| All other expenses | $1,253 |
| Total functional expenses | $956,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,816 |
| Savings and temporary cash investments | $1,579,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,000 |
| Prepaid expenses and deferred charges | $8,156 |
| Net Land, buildings, and equipment | $2,513,016 |
| Investments—publicly traded securities | $11,169,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,365 |
| Total assets | $15,518,494 |
| Accounts payable and accrued expenses | $44,516 |
| Grants payable | $0 |
| Deferred revenue | $27,210 |
| 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 | $124,058 |
| Total liabilities | $195,784 |
| Net assets without donor restrictions | $15,140,423 |
| Net assets with donor restrictions | $182,287 |
| 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 | $15,518,494 |
Grants Awarded
Over the last fiscal year, Historic Richmond Foundation-The William Byrd Branch Of Apva Preser has awarded $37,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE 1836 LP PURPOSE: FACADE RESTORATION AT 1716 MONTEIRO ST | $25,000 |
E&E PROPERTIES LLC PURPOSE: FACADE RESTORATION AT 620 N 25TH ST | $12,500 |