Thomas Jefferson Foundation Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1923

Legal Domicile

Principal Officer

JANE KAMENSKY

Phone

4349849800

Tax Period

2023-01-01 to 2023-12-31

Thomas Jefferson Foundation Inc, founded in 1923, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $35.0M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $42.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TWO-FOLD: PRESERVATION - TO CONSERVE, PROTECT, AND MAINTAIN MONTICELLO IN A MANNER THAT LEAVES IT ENHANCED AND UNIMPAIRED FOR FUTURE GENERATIONS AND EDUCATION - TO INTERPRET AND PRESENT THOMAS JEFFERSON, HIS FAMILY, AND THOSE HE HELD IN SLAVERY TO THE WIDEST POSSIBLE AUDIENCES, INCLUDING SCHOLARS AND THE GENERAL PUBLIC. THE FOUNDATION'S TWENTY-FIRST CENTURY VISION IS TO BRING HISTORY FORWARD INTO NATIONAL AND GLOBAL DIALOGUES.

Program Service Accomplishments

Program 1

Expenses: $27,432,302 Revenue: $11,052,391

THE THOMAS JEFFERSON FOUNDATION OPERATES MONTICELLO, THE HOME OF THE NATION'S THIRD PRESIDENT AND AUTHOR OF THE AMERICAN DECLARATION OF INDEPENDENCE. OVER THE PAST TEN YEARS, AN AVERAGE OF 307,600...

THE THOMAS JEFFERSON FOUNDATION OPERATES MONTICELLO, THE HOME OF THE NATION'S THIRD PRESIDENT AND AUTHOR OF THE AMERICAN DECLARATION OF INDEPENDENCE. OVER THE PAST TEN YEARS, AN AVERAGE OF 307,600 PEOPLE HAVE VISITED MONTICELLO ANNUALLY. ADMISSION INCLUDES AN INTERPRETIVE GUIDED TOUR OF HIS HOME, ONE OF OUR COUNTRY'S FOREMOST ARCHITECTURAL MASTERPIECES AND THE ONLY HOME IN AMERICA NAMED TO THE UNITED NATIONS WORLD HERITAGE LIST. IN ADDITION TO ADMISSION REVENUE, THE ABOVE TOTAL ALSO INCLUDES GIFTS AND GRANTS, AND SALES FROM THE RETAIL OPERATIONS OF THE MUSEUM SHOPS, CATALOG, AND ONLINE STORE. THE REVENUE CONTRIBUTES TO THE PRESERVATION OF MONTICELLO FOR FUTURE GENERATIONS, WHICH IS ONE OF THE MISSIONS OF THE FOUNDATION. THE FOUNDATION'S RESTORATION DEPARTMENT IS DEDICATED TO THE ARCHITECTURAL PRESERVATION OF THE UNITED NATIONS WORLD HERITAGE HOUSE WHILE THE CURATORIAL COLLECTIONS ARE UNDER THE CARE OF A FULL-TIME CURATORIAL DEPARTMENT.

Program 2

Expenses: $4,096,130 Revenue: $0

THE THOMAS JEFFERSON FOUNDATION OPERATES THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES, WHICH HOUSES THE THOMAS JEFFERSON LIBRARY. THE CENTER IS ALSO DEVOTED TO EDUCATION OF THE...

THE THOMAS JEFFERSON FOUNDATION OPERATES THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES, WHICH HOUSES THE THOMAS JEFFERSON LIBRARY. THE CENTER IS ALSO DEVOTED TO EDUCATION OF THE GENERAL PUBLIC AS WELL AS SCHOLARLY RESEARCH AND PUBLICATION, THROUGH THE JEFFERSON LIBRARY, ARCHAEOLOGICAL RESEARCH AND PUBLICATION, AND OTHER ADULT EDUCATION PROGRAMS. THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES ALSO IS RESPONSIBLE FOR THE RESEARCH AND PUBLICATION OF 24 VOLUMES OF RESEARCH, THE PAPERS OF THOMAS JEFFERSON, EMBRACING THE PERIOD FROM JEFFERSON'S RETIREMENT FROM THE PRESIDENCY IN MARCH 1809 UNTIL HIS DEATH IN 1826, KNOWN AS THE "RETIREMENT SERIES".

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,690,281

Program Service Revenue $11,052,391

Investment Income $6,601,451

Other Revenue $7,609,212

TOTAL REVENUE $34,953,335

Expense Breakdown

Grants Paid $214,460

Salaries & Benefits $18,744,903

Fundraising Expenses $1,335,721

Program Expenses $31,528,432

Other Expenses $23,367,807

TOTAL EXPENSES $42,327,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,953,335	$56,873,096	-0.4%
Expenses	$42,327,170	$39,515,463	+0.1%
Net Income	$-7,373,835	$17,357,633	-1.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

451

Volunteers

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

$1,135,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE GREENE BOWMAN	PRESIDENT 1/1/23-1/31/23	50.0	Officer	$476,479	$34,648	$511,127
ANDREW J O'SHAUGHNESSY	FORMER VP & SAUNDERS DIRECTOR	50.0		$350,000	$4,311	$354,311
PETER G HALLOCK	INTERIM PRESIDENT 2/1 - 12/31	50.0	Officer	$239,518	$20,128	$259,646
CHRISTINE P BARTH	INTERIM VP & CFO (AS OF 3/23)	50.0	Officer	$228,874	$4,856	$233,730
SHARON L MCELROY	DIRECTOR OF RETAIL SALES	50.0	Highest	$172,857	$14,628	$187,485
JOHN J LOONEY	EDITOR, THOMAS JEFFERSON PAPER	50.0	Highest	$164,487	$15,290	$179,777
ANDREW R HUFF	DIRECTOR OF IT	50.0	Highest	$163,076	$14,533	$177,609
GABRIELE L RAUSSE	DIR, VITICULTURE (thru 6/23)	50.0	Highest	$150,453	$8,334	$158,787
DEBORAH M THACKER	CONTROLLER	50.0	Highest	$140,265	$11,157	$151,422
LAURA B TERRY	VP & CFO 1/1/23-4/10/23	50.0	Officer	$120,112	$10,528	$130,640
TOBIAS DENGEL	CHAIRMAN	5.0	Officer Director	$0	$0	$0
MOLLY HARDIE	VICE-CHAIRMAN	1.0	Officer Director	$0	$0	$0
CHRISTOPHER J TOOMEY	SECRETARY	1.0	Officer Director	$0	$0	$0
MELODY BARNES	TRUSTEE	1.0	Director	$0	$0	$0
DR LD BRITT MD	TRUSTEE	1.0	Director	$0	$0	$0
PETER COOK	TRUSTEE	1.0	Director	$0	$0	$0
PETER COOLIDGE	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH ERDMAN	TRUSTEE	1.0	Director	$0	$0	$0
ANNETTE GORDON-REED	TRUSTEE	1.0	Director	$0	$0	$0
RENEE GRISHAM	TRUSTEE	1.0	Director	$0	$0	$0
DONALD A KING JR	TRUSTEE	1.0	Director	$0	$0	$0
DAVID C LANDIN	TRUSTEE	1.0	Director	$0	$0	$0
SUZI LEVINE	TRUSTEE	1.0	Director	$0	$0	$0
JOHN NAU III	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM H WALTON III	TRUSTEE	1.0	Director	$0	$0	$0
MICHEYLNN WOODARD	TRUSTEE	1.0	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
2023	$34,953,335	$42,327,170	$375,175,740	$-7,373,835
2022	$56,873,096	$39,515,463	$353,952,978	$17,357,633
2021	$54,038,606	$32,558,908	$395,493,786	$21,479,698
2020	$60,861,149	$30,454,366	$377,889,217	$30,406,783
2019	$69,372,865	$31,678,144	$344,308,811	$37,694,721
2019	$69,372,865	$31,678,144	$344,308,811	$37,694,721
2018	$23,076,134	$33,097,076	$298,561,374	$-10,020,942