Maymont Foundation
- Assets
- $39.0m
- Revenue
- $5.4m
- Investments
- $19.7m
- Employees
- 107
- Location
- Richmond, VA
- Founding
- 06/1959
- Data as of
- 06/2021
- EIN
- 54-6039788
Organization Overview
Maymont Foundation is located in Richmond, VA. The organization was established in 1959. 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 06/2022, Maymont Foundation employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maymont Foundation 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, Maymont Foundation generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $5.1m 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
THE MAYMONT FOUNDATION IS COMMITTED TO CREATING EXPERIENCES THAT DELIGHT, EDUCATE AND INSPIRE.
Describe the Organization's Program Activity:
THE ROBINS NATURE CENTER AND MAYMONT FARM/WILDLIFE HABITATS: THESE FACILITIES AND COMPONENTS PROVIDE ENVIRONMENTAL, NATURAL, AND WILDLIFE EDUCATION AND EXPERIENCES TO OVER 800,000 VISITORS. STAFF EDUCATORS MAINTAIN CURRICULA BASED ON THE STANDARDS OF LEARNING FOR SCIENCE AND SOCIAL SCIENCE IN VIRGINIA. THEY PROVIDED VIRTUAL INSTRUCTION TO OVER 18,000 STUDENTS FROM SCHOOL DISTRICTS ACROSS VIRGINIA. STAFF ZOOLOGISTS AND AQUARISTS MANAGED 400 ANIMALS (85 SPECIES). THE WILDLIFE THAT RESIDE AT MAYMONT HAVE BEEN RESCUED AND REHOMED AFTER BEING INJURED OR ABANDONED IN THE WILD, AND REHABILIATED BY PROFESSIONALS. THESE FACILITIES/COMPONENTS ARE ALSO USED TO SUPPORT PUBLIC PROGRAMMING, SUMMER CAMPS, CAMP-OUTS, AND COMMUNITY PROGRAMS.
HISTORICAL GROUNDS, PARKLANDS AND FORMAL GARDENS:MAYMONT GROUNDS CONSIST OF APPROX. 100 ACRES OF FORMAL GARDENS, A HOUSE MUSEUM, OUTBUILDINGS AND AN ARBORETUM AND SERVED OVER 800,000 GUESTS. MAYMONT REMAINED OPEN AND ADMISSION-FREE TO SERVE GUESTS THROUGHOUT THE COVID-19 PANDEMIC. THE DIRECTOR OF PARK OPERATIONS AND HORTICULTURE HOSTED AN ONGOING HORTICULTURE EDUCATION SERIES BROADCASTED ON LOCAL PUBLIC TELEVISION REACHING APPROX. 18,000 HOUSEHOLDS. OTHER GARDEN PROGRAMS, ATTENDED BY THOUSANDS OF GUESTS, INCLUDED WORKSHOPS, CLASSES, GARDEN AND ARBORETUM WALKING TOURS, VEGETABLE GARDEN PROGRAMS FOR CHILDREN AND MASTER GARDENER TRAINING CLASSES. THE CARRIAGE HOUSE FEATURED A 22-VEHICLE ANTIQUE CARRIAGE COLLECTION ON DISPLAY TO THE PUBLIC. EDUCATORS MAINTAIN CURRICULA BASED ON THE STANDARDS OF LEARNING FOR HISTORY IN VIRGINIA. THEY PROVIDED VIRTUAL INSTRUCTION TO 11 SCHOOL DISTRICTS ACROSS VIRGINIA. THE HOUSE MUSEUM WAS CLOSED DUE TO COVID RESTRICTIONS.
OTHER PROGRAM SERVICES: MAYMONT'S OUTDOOR ENGAGEMENT AND ENRICHMENT ON THE EXPANSIVE GROUNDS WAS A PRIMARY FOCUS OF PROGRAMMING IN FISCAL 2021. APPROXIMATELY 25,000 GUESTS EXPERIENCED VARIOUS MUSIC AND CULTURAL EVENTS AT MAYMONT. AUTUMN GARDEN GLOW LIGHT FESTIVAL WAS ATTENDED BY OVER 15,000 GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Parke Richeson Executive Director | Officer | 40 | $182,214 |
Sarah Bliley Secretary | OfficerTrustee | 1 | $0 |
Jill Livesay Treasurer | OfficerTrustee | 1 | $0 |
Eric Nedell Past President | OfficerTrustee | 1.5 | $0 |
Mitch Haddon Vice President & President Elect | OfficerTrustee | 1.5 | $0 |
Gary Gore President | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loughridge And Company Llc Construction | 6/29/20 | $5,192,972 |
Luckey Llc Exhibit Design & Fabrication | 6/29/20 | $200,000 |
Building Four Fabrication Llc Exhibit Fabrication | 6/29/20 | $197,209 |
Shea Willis Consulting Llc Construction Management | 6/29/20 | $103,675 |
Main Street Design Inc Exhibit Design | 6/29/20 | $100,484 |
Loughridge And Company Llc Construction | 6/29/20 | $5,192,972 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,595 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,685,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,138,512 |
| Noncash contributions included in lines 1a–1f | $136,630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,878,305 |
| Total Program Service Revenue | $955,370 |
| Investment income | $1,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $405,862 |
| Net Gain/Loss on Asset Sales | $94,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,423,725 |
| 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. | $172,583 |
| Compensation of current officers, directors, key employees. | $43,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,467,175 |
| Pension plan accruals and contributions | $16,563 |
| Other employee benefits | $374,330 |
| Payroll taxes | $62,325 |
| 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 | $53,934 |
| Fees for services: Other | $204,334 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $421,474 |
| 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 | $1,776,607 |
| Insurance | $0 |
| All other expenses | $7,895 |
| Total functional expenses | $5,146,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,807,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,073,683 |
| Accounts receivable, net | $101,594 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,446 |
| Prepaid expenses and deferred charges | $155,396 |
| Net Land, buildings, and equipment | $15,015,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,742,817 |
| Investments—program-related | $0 |
| Intangible assets | $2,568 |
| Other assets | $33,627 |
| Total assets | $38,971,207 |
| Accounts payable and accrued expenses | $245,784 |
| Grants payable | $0 |
| Deferred revenue | $101,605 |
| 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 | $1,263,458 |
| Total liabilities | $1,610,847 |
| Net assets without donor restrictions | $16,715,524 |
| Net assets with donor restrictions | $20,644,836 |
| 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 | $38,971,207 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maymont Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Elmwood Fund Richmond, VA PURPOSE: EDUCATIONAL, RELIGIOUS, AND CHARITABLE(INCLUDING SCHOLARSHIPS TO STUDENTS UNDER AN APPROVED PROGRAM) | $500 |
Endowment Analysis
| Beg. Balance | $12,438,502 |
| Earnings | $3,111,800 |
| Net Contributions | $464,520 |
| Other Expense | $626,479 |
| Ending Balance | $15,388,343 |
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 |