THE VIRGINIA ARTS FESTIVAL INC

EIN: 541786140 501(c)(3) Arts, Culture & Humanities

NORFOLK, VA

Total Revenue
$19,485,044
Total Expenses
$12,372,172
Total Assets
$67,022,063
Net Assets
$64,783,658
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Phone
7572822800
Tax Period
2024-07-01 to 2025-06-30

The Virginia Arts Festival Inc, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.2M in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year. Expenses of $7.8M left a modest 15% surplus.

Mission

TO PRESENT CULTURAL AND EDUCATIONAL ACTIVITIES THROUGHOUT THE GREATER HAMPTON ROADS REGION OF VIRGINIA.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,703,867
Program Service Revenue $2,632,952
Investment Income $911,428
Other Revenue $236,797
TOTAL REVENUE $19,485,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,791,948
Fundraising Expenses $1,098,288
Program Expenses $9,800,455
Other Expenses $8,545,531
TOTAL EXPENSES $12,372,172

Year-over-Year Comparison

2024 2023 Change
Revenue $19,485,044 $16,411,609 +0.2%
Expenses $12,372,172 $10,462,017 +0.2%
Net Income $7,112,872 $5,949,592 +0.2%
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
29
Independent Members
29
Employees
87
Volunteers
582

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
3
$282,408
Total Directors
29
$0
Key Employees
1
$262,030
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NAOMI MUELLNER BOARD MEMBER/TRUSTEE 0.3
Officer Director
$0 $0 $0
SIMON SCOTT III BOARD MEMBER/TRUSTEE 0.3
Officer Director
$0 $0 $0
AIMEE C BATTEN BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
BERT SCHMIDT BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
BURRELL SAUNDERS BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
CLAY H BARR BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
CONNIE JACOBSON BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
DAVID M DELPIERRE ESQ BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
DR MARCIA CONSTON BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
EDITH G GRANDY BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
HOWARD GORDON ESQ BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
JAMES A HIXON BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
JAMES M LAVIER III BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
JOHN FIELD BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
JOSEPH HEARST BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
KATHERINE WYNNE BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
KELLY TILL BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
L PAIGE PERRY BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
LAUREN SPARKS BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
LESLIE E DOYLE BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
LISA F CHANDLER BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
MARTHA GOODE BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
MAURICE A JONES BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
MAXINE HUMPHREY ADAMS BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
PAUL D FRAIM BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
ROBERT M BOYD BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
THOMAS V RUEGER BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
TONY BROTHERS BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
WAYNE F WILBANKS BOARD MEMBER/TRUSTEE 0.3
Director
$0 $0 $0
ROBERT W CROSS EXECUTIVE DIRECTOR 40.0
Officer
$255,375 $27,033 $282,408
J SCOTT JACKSON GENERAL MANAGER 40.0
Key Emp
$226,032 $35,998 $262,030
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 $19,485,044 $12,372,172 $67,022,063 $7,112,872
2024 $16,411,609 $10,462,017 $55,750,628 $5,949,592
2023 $12,308,747 $10,657,616 $46,274,620 $1,651,131
2022 $13,814,301 $10,182,316 $42,180,047 $3,631,985
2021 $13,482,512 $6,110,399 $42,275,473 $7,372,113
2020 $4,958,733 $4,533,761 $30,657,132 $424,972
2019 $9,162,997 $7,799,614 $30,062,110 $1,363,383
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