DIVERSITY RICHMOND INC

EIN: 311669279 501(c)(3) Education

RICHMOND, VA

Total Revenue
$2,127,799
Total Expenses
$2,208,529
Total Assets
$2,697,416
Net Assets
$2,288,061
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
VA
Principal Officer
JAMES HARTMAN
Phone
8043538890
Tax Period
2024-01-01 to 2024-12-31

DIVERSITY RICHMOND INC, founded in 1999, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024.

Mission

DIVERSITY RICHMOND IS THE HUB OF THE LGBTQ+ COMMUNITY OF GREATER RICHMOND CONNECTING PEOPLE, PARTNERS AND PROGRAMS IN OUR WORK AS A CATALYST, A VOICE, A PLACE AND A RESOURCE. WE ENVISION A WELCOMING, INCLUSIVE AND SAFE REGION FOR LGBTQ+ PEOPLE, FAMILIES, AND ALLIES TO LIVE, WORK, PLAY, AND VISIT. OUR WORK IS GUIDED BY THE VALUES OF ACCOUNTABILITY, BELONGING, COMMUNITY, FUTURE GENERATIONS AND MAKING A DIFFERENCE. IN 2025 OVER 35,000 PEOPLE ATTENDED EVENTS PRODUCED OR PROMOTED BY DIVERSITY RICHMOND. SPECIFICALLY, THE ORGANIZATION PROVIDES: 1. MEETING SPACE TO FOUR (4) TWELVE-STEP RECOVERY PROGRAMS (E.G., ALCOHOLICS ANONYMOUS) AND THREE (3) SUPPORT GROUPS IN ADDITION TO OTHER LOCAL NON- PROFIT ORGANIZATIONS. DIVERSITY RICHMOND OCCUPIES A 47,000 SQUARE FOOT FACILITY IN RICHMOND, VIRGINIA THAT PROVIDES FLEXIBLE MEETING AND PROGRAMMING SPACE FOR LGBTQ+ PEOPLE, FOR THE GROUPS THAT PROVIDE SERVICES TO THEM, AND FOR PEOPLE AND GROUPS IN CENTRAL VIRGINIA THAT SUPPORT THE ORGANIZATION'S MISSION.

Program Service Accomplishments

Program 1
Expenses: $1,251,756 Revenue: $1,356,355

DIVERSITY RICHMOND OPERATES A RETAIL STORE THAT RECEIVES PUBLICLY DONATED ITEMS OF CLOTHING, HOUSEHOLD ITEMS, BOOKS AND FURNITURE. THESE ITEMS ARE THEN PREPARED FOR SALE TO THE PUBLIC THROUGH THE...

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DIVERSITY RICHMOND OPERATES A RETAIL STORE THAT RECEIVES PUBLICLY DONATED ITEMS OF CLOTHING, HOUSEHOLD ITEMS, BOOKS AND FURNITURE. THESE ITEMS ARE THEN PREPARED FOR SALE TO THE PUBLIC THROUGH THE ORGANIZATION'S RETAIL STORE BRANDED AS DIVERSITY THRIFT. A SIGNIFICANT NUMBER OF VOLUNTEER SERVICES ARE PROVIDED IN THE THRIFT SHOP IN SORTING, ORGANIZING AND PREPARING DONATED ITEMS FOR SALE. REVENUES PRODUCED BY DIVERSITY THRIFT ARE USED TO FUND (A) THE OPERATIONS OF DIVERSITY RICHMOND, (B) THE DESIGN AND PROVISION OF EDUCATIONAL, CIVIC AND CULTURAL PROGRAMMING, AND (C) THE PROVISION OF DIRECT CASH SUPPORT FOR AGENCIES AND GROUPS THAT PROVIDE SERVICES TO LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUESTIONING (LGBTQ+) PEOPLE IN CENTRAL VIRGINIA. DIVERSITY RICHMOND, THROUGH ITS PROGRAM, DIVERSITY THRIFT, PARTNERS WITH APPROXIMATELY 27 SOCIAL SERVICE AND RECOVERY PROGRAMS BY DONATING CLOTHING TO THEIR CLIENTS IN-NEED. FOR MANY OF THESE AGENCIES, DIVERSITY THRIFT IS THE ONLY SOURCE OF CLOTHING AVAILABLE TO THEIR CLIENTS. EACH PARTICIPANT IS GIFTED A 25 CLOTHING VOUCHER WHICH WILL PURCHASE SEVERALARTICLES OF CLOTHING. DIVERSITY THRIFT ALSO CONTRIBUTES APPROXIMATELY 200 ITEMS OF CLOTHING MONTHLY TO THOSE IN ECONOMIC NEED. UTILIZING NET REVENUES FROM ITS DIVERSITY THRIFT AND FROM RENTAL INCOME, DIVERSITY RICHMOND PROVIDED DIRECT CASH SUPPORT TO NON-PROFITS, AGENCIES AND GROUPS SERVING THE LGBTQ+ COMMUNITY IN CENTRAL VIRGINIA. IN 2024 DIVERSITY RICHMOND DISTRIBUTED 26,050 TO NON PROFIT ORGANIZATIONS AND 81,603 TO INDIVIDUALS IN ECONMOIC NEED.

Program 2
Expenses: $699,547 Revenue: $131,086

DIVERSITY RICHMOND HOLDS THE CENTRAL VIRGINIA PRIDE FEST ANNUAL CELEBRATION DESIGNED TO PROMOTE PEACE AND UNDERSTANDING AMONG DIVERSE CULTURES, RACES, CREEDS, GENDERS AND SEXUAL ORIENTATION...

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DIVERSITY RICHMOND HOLDS THE CENTRAL VIRGINIA PRIDE FEST ANNUAL CELEBRATION DESIGNED TO PROMOTE PEACE AND UNDERSTANDING AMONG DIVERSE CULTURES, RACES, CREEDS, GENDERS AND SEXUAL ORIENTATION. APPROXIMATELY 30,000 ATTENDEES.

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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 $633,125
Program Service Revenue $1,487,441
Investment Income $35,608
Other Revenue $-28,375
TOTAL REVENUE $2,127,799

Expense Breakdown

Grants Paid $68,326
Salaries & Benefits $1,117,371
Fundraising Expenses $52,372
Program Expenses $1,951,303
Other Expenses $1,022,832
TOTAL EXPENSES $2,208,529

Year-over-Year Comparison

2024 2023 Change
Revenue $2,127,799 $2,132,658 0.0%
Expenses $2,208,529 $2,299,126 0.0%
Net Income $-80,730 $-166,468 -0.5%
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
12
Independent Members
12
Employees
44
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
5
$113,400
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LACETTE CROSS EXECUTIVE DI 40.00
Officer
$113,400 $0 $113,400
KERI ABRAMS BOARD VICE C 4.00
Officer Director
$0 $0 $0
KEVIN ALLISON BOARD CHAIR 4.00
Officer Director
$0 $0 $0
JOE COX DIRECTOR 2.00
Director
$0 $0 $0
SHARON DENTON-REED DIRECTOR 2.00
Director
$0 $0 $0
LUISE FARMER SECRETARY 4.00
Officer Director
$0 $0 $0
JAMES HARTMAN DIRECTOR 2.00
Director
$0 $0 $0
JAIDE HINDS-CLARKE DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER MOORE DIRECTOR 2.00
Director
$0 $0 $0
ARCHANA PATHAK DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL-BIRCH PIERCE DIRECTOR 2.00
Director
$0 $0 $0
JEAN SEGNER TREASURER 4.00
Officer Director
$0 $0 $0
ROMILDA P SMITH DIRECTOR 2.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2024 $2,127,799 $2,208,529 $2,697,416 $-80,730
2023 $2,132,658 $2,299,126 $2,918,452 $-166,468
2022 $1,842,200 $1,862,252 $3,131,590 $-20,052
2021 $1,987,797 $1,483,189 $3,362,662 $504,608
2020 $1,206,982 $1,145,037 $2,641,375 $61,945
2019 $1,332,692 $1,093,641 $2,616,148 $239,051
2018 $1,093,145 $944,954 $2,417,683 $148,191
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