MONTPELIER FOUNDATION

EIN: 311620682 501(c)(3) Arts, Culture & Humanities

ORANGE, VA

Total Revenue
$14,474,241
Total Expenses
$5,797,525
Total Assets
$21,435,893
Net Assets
$20,975,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VA
Principal Officer
KRISTA COSTELLO
Phone
5406722728
Tax Period
2024-07-01 to 2025-06-30

MONTPELIER FOUNDATION, founded in 1998, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.5M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 60% operating margin.

Mission

A MEMORIAL TO JAMES MADISON AND THE ENSLAVED COMMUNITY, A MUSEUM OF AMERICAN HISTORY, AND A CENTER FOR CONSTITUTIONAL EDUCATION THAT ENGAGES THE PUBLIC WITH THE ENDURING LEGACY OF MADISON'S MOST POWERFUL IDEA: GOVERNMENT BY THE PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $2,310,326 Revenue: $1,291,004

EDUCATION AND ENGAGEMENT: WORKING CLOSELY WITH ARCHAEOLOGY, HISTORIC ARCHITECTURE AND COLLECTIONS, THE DEPARTMENT OF EDUCATION AND ENGAGEMENT OVERSEES ALL PUBLIC PROGRAMMING AT MONTPELIER. THIS...

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EDUCATION AND ENGAGEMENT: WORKING CLOSELY WITH ARCHAEOLOGY, HISTORIC ARCHITECTURE AND COLLECTIONS, THE DEPARTMENT OF EDUCATION AND ENGAGEMENT OVERSEES ALL PUBLIC PROGRAMMING AT MONTPELIER. THIS INCLUDES DEVELOPING TOUR CONTENT, INTERPRETIVE SIGNAGE, AND PROGRAMMING FOR STUDENT AND ADULT GROUPS. IT WAS INSTRUMENTAL IN THE PLANNING AND EXECUTION OF THE AWARD-WINNING EXHIBITION THE MERE DISTINCTION OF COLOUR.

Program 2
Expenses: $523,435

HISTORIC ARCHITECTURE AND COLLECTIONS:HISTORIC ARCHITECTURE AND COLLECTIONS ARE RESPONSIBLE FOR THE CARE AND MAINTENANCE OF MONTPELIER'S HISTORIC STRUCTURES - MANY ASSOCIATED WITH THE DUPONT ERA - IN...

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HISTORIC ARCHITECTURE AND COLLECTIONS:HISTORIC ARCHITECTURE AND COLLECTIONS ARE RESPONSIBLE FOR THE CARE AND MAINTENANCE OF MONTPELIER'S HISTORIC STRUCTURES - MANY ASSOCIATED WITH THE DUPONT ERA - IN ADDITION TO LEADING SIGNIFICANT HISTORIC RECONSTRUCTION PROJECTS SUCH AS THE SOUTH YARD. THIS IS ACCOMPLISHED THROUGH ARCHITECTURAL FIELDWORK BY EXAMINING WOOD SPECIES, NAILS, WINDOWS, DECORATIVE MOULDINGS, AND MORE, TO ENSURE THAT THE RECONSTRUCTED BUILDINGS ARE AS HISTORICALLY ACCURATE AS POSSIBLE. FOR EXAMPLE, DURING THE RESTORATION OF THE TEMPLE, THE RECOVERY OF A SINGLE MADISON-ERA SHINGLE WHILE INVESTIGATING THE ROOF FRAMING LED TO THE DETERMINATION THAT THE TEMPLE ROOF WAS ORIGINALLY PAINTED RED.CURATORIAL AND COLLECTIONS IS INSTRUMENTAL IN THE FURNISHING OF THE HOUSE AND OTHER RECONSTRUCTED BUILDINGS ON THE PROPERTY. ALL OF THE INSTALLATIONS AND ACQUISITIONS ARE BASED, AT LEAST IN PART, ON THE WORK AND DISCOVERIES OF OTHER DEPARTMENTS LIKE ARCHAEOLOGY, RESEARCH, AND ARCHITECTURAL PRESERVATION. RECENT PROJECTS INCLUDE THE FURNISHING PLANS FOR THE SOUTH YARD QUARTERS; THE ACQUISITION OF THE ARTWORK IN THE SOUTH PASSAGE OF THE HOUSE; THE ACQUISITION OF OBJECTS CONNECTED TO DOLLEY MADISON: A LADY'S POCKET WATCH, SEWING KIT, AND MINIATURE PAINTING OF THE YOUNG MRS. MADISON; AND THE MOST RECENT FURNISHINGS OF JOHN PAYNE TODD'S BEDROOM, A GUEST BEDROOM, AND AN "INTERACTIVE" ROOM.

Program 3
Expenses: $561,362 Revenue: $83,203

ROBERT H. SMITH CENTER FOR THE CONSTITUTION:THE ROBERT H. SMITH CENTER FOR THE CONSTITUTION PROVIDES WORLD-CLASS EDUCATIONAL PROGRAMMING, BOTH ON-SITE AND ONLINE. PARTICIPANTS COME FROM ALL OVER THE...

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ROBERT H. SMITH CENTER FOR THE CONSTITUTION:THE ROBERT H. SMITH CENTER FOR THE CONSTITUTION PROVIDES WORLD-CLASS EDUCATIONAL PROGRAMMING, BOTH ON-SITE AND ONLINE. PARTICIPANTS COME FROM ALL OVER THE WORLD TO ENGAGE IN CIVIC DIALOGUE, IMPROVE THEIR UNDERSTANDING OF THE FOUNDING PRINCIPLES OF THE UNITED STATES, AND DEEPEN THEIR POTENTIAL INVOLVEMENT IN DEMOCRACY. SPECIFIC PROGRAMMING IS OFFERED FOR EDUCATORS, LAW ENFORCEMENT OFFICERS, AND INTERNATIONAL CIVIL SERVANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,978,197
Program Service Revenue $1,202,840
Investment Income $642,236
Other Revenue $650,968
TOTAL REVENUE $14,474,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,092,432
Fundraising Expenses $498,864
Program Expenses $4,549,076
Other Expenses $2,559,053
TOTAL EXPENSES $5,797,525

Year-over-Year Comparison

2024 2023 Change
Revenue $14,474,241 $5,338,097 +1.7%
Expenses $5,797,525 $6,641,188 -0.1%
Net Income $8,676,716 $-1,303,091 -7.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
103
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$398,006
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR HASAN KWAME JEFFRIES CHAIR 2.00
Officer Director
$0 $0 $0
DR LESLIE ALEXANDER VICE CHAIR 2.00
Officer Director
$0 $0 $0
DR JOSHUA ROTHMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
DR NICOLE THORNE JENKINS TREASURER 2.00
Officer Director
$0 $0 $0
MR J HAYWOOD BLAKEMORE SECRETARY 2.00
Officer Director
$0 $0 $0
DR BETTYE KEARSE DIRECTOR 2.00
Director
$0 $0 $0
MS DEANNA CUMMINGS DIRECTOR 2.00
Director
$0 $0 $0
MR BENJAMIN BREWSTER DIRECTOR 2.00
Director
$0 $0 $0
DEAN IAN H SOLOMON DIRECTOR 2.00
Director
$0 $0 $0
MR MICHAEL HIGGINBOTHAM DIRECTOR 2.00
Director
$0 $0 $0
MR PETER STOUDT DIRECTOR 2.00
Director
$0 $0 $0
MR TOM MAYES DIRECTOR 2.00
Director
$0 $0 $0
MS MARY ALEXANDER DIRECTOR 2.00
Director
$0 $0 $0
MS JAN SMITH DIRECTOR 2.00
Director
$0 $0 $0
MR HOWARD ZARITSKY DIRECTOR 2.00
Director
$0 $0 $0
REV LAWRENCE E LARRY WALKER DIRECTOR 2.00
Director
$0 $0 $0
MR JOHN KLUGE JR DIRECTOR 2.00
Director
$0 $0 $0
MS EOLA DANCE FORMER PRESIDENT 35.00
Officer
$212,695 $36,158 $248,853
MS KRISTA COSTELLO INTERIM PRESIDENT AND CEO 35.00
Officer
$127,481 $21,672 $149,153
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,474,241 $5,797,525 $21,435,893 $8,676,716
2024 $5,338,097 $6,641,188 $34,855,194 $-1,303,091
2023 $10,079,782 $6,134,018 $36,190,610 $3,945,764
2022 $7,244,660 $6,688,180 $32,791,745 $556,480
2021 $6,661,464 $5,781,562 $34,651,611 $879,902
2020 $5,470,345 $7,524,678 $32,140,542 $-2,054,333
2019 $7,946,640 $9,404,857 $34,216,716 $-1,458,217
2018 $6,923,533 $10,867,685 $36,112,322 $-3,944,152
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