HISTORIC RICHMOND FOUNDATION

EIN: 546026404 501(c)(3) Arts, Culture & Humanities

RICHMOND, VA

Total Revenue
$1,058,328
Total Expenses
$979,236
Total Assets
$16,802,506
Net Assets
$16,657,725
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
VA
Principal Officer
JULIE WEISSEND
Phone
8046437407
Tax Period
2024-01-01 to 2024-12-31

HISTORIC RICHMOND FOUNDATION, founded in 1956, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $979K left a modest 7% surplus.

Mission

TO SHAPE THE FUTURE OF RICHMOND BY PRESERVING OUR DIVERSE HISTORIC BUILDINGS, NEIGHBORHOODS, AND PLACES, SPARKING REVITALIZATION, AND CHAMPIONING OUR DISTINCTIVE ARCHITECTURAL LEGACY.

Program Service Accomplishments

Program 1
Expenses: $465,788

PRESERVATION PROGRAMS: EXPENDITURES ARE FOR PROJECTS TO PRESERVE HOUSES, BUILDINGS, STRUCTURES, SITES, AND OBJECTS IN AND AROUND RICHMOND, VA THAT ARE CONNECTED WITH, ILLUSTRATIVE OF, OR UNIQUE TO...

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PRESERVATION PROGRAMS: EXPENDITURES ARE FOR PROJECTS TO PRESERVE HOUSES, BUILDINGS, STRUCTURES, SITES, AND OBJECTS IN AND AROUND RICHMOND, VA THAT ARE CONNECTED WITH, ILLUSTRATIVE OF, OR UNIQUE TO THE HISTORY AND CULTURE OF THE RICHMOND AREA. ACTIVITIES INCLUDE RESTORATION WORK AT MONUMENTAL CHURCH, INCLUDING MASONRY AND STUCCO REPAIRS AND OTHER EXTERIOR "SEAL THE ENVELOPE" COATINGS AND REPAIRS, PAINTING, CARPENTRY, AND ROOF, PLASTER, AND DRAINAGE REPAIRS, AS WELL AS ACCESSIBILITY AND LIGHTING IMPROVEMENTS, AND NEIGHBORHOOD REVITALIZATION WORK ON HISTORIC HOUSES IN HISTORIC NEIGHBORHOODS. NEIGHBORHOOD REVITALIZATION WORK INCLUDES A PILOT PROGRAM FOCUSED ON FACADE RESTORATIONS IN JACKSON WARD AND CHURCH HILL. ONGOING MAINTENANCE OF ST. JOHN'S MEWS, A COMMUNITY GARDEN IN CHURCH HILL, IS PROVIDED BY HISTORIC RICHMOND EVERY YEAR. OTHER ACTIVITIES INCLUDE UPDATING AND MONITORING EASEMENTS; WORKING WITH ORGANIZATIONS SUCH AS THE COMMISSION OF ARCHITECTURAL REVIEW TO ENSURE CONTINUED PROTECTION OF HISTORIC PROPERTIES, AND ENCOURAGING THE RESCUE OF NEGLECTED PROPERTIES. IN ADDITION, HISTORIC RICHMOND PROVIDED ASSISTANCE WITH RESTORATION PROJECTS FOR A HISTORIC MASONS' HALL AND WITH RESPECT TO RESTORATION PROJECTS AT A HISTORIC PUMP HOUSE.

Program 2
Expenses: $233,535 Revenue: $66,540

EDUCATION PROGRAMS: EXPENDITURES ARE FOR PROGRAMS THAT PROMOTE THE UNDERSTANDING OF THE HISTORY, ARCHITECTURE, AND CULTURE OF THE RICHMOND, VA AREA. HISTORIC RICHMOND WORKS ACTIVELY TO REDUCE BLIGHT...

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EDUCATION PROGRAMS: EXPENDITURES ARE FOR PROGRAMS THAT PROMOTE THE UNDERSTANDING OF THE HISTORY, ARCHITECTURE, AND CULTURE OF THE RICHMOND, VA AREA. HISTORIC RICHMOND WORKS ACTIVELY TO REDUCE BLIGHT, ADVOCATING FOR BUILDING STABILIZATION AND POLICIES SO HISTORIC BUILDINGS CAN BE REVITALIZED AND REHABILITATED FOR CONTINUED USE. HISTORIC RICHMOND ALSO SPONSORS AN EDUCATIONAL LECTURE SERIES HIGHLIGHTING THE IMPORTANCE OF PRESERVATION TO THE COMMUNITY AND PROVIDING THE OPPORTUNITY TO LEARN ABOUT A VARIETY OF TOPICS RELATED TO THE CARE, MAINTENANCE, RESTORATION, AND REHABILITATION OF HISTORIC HOMES AND BUILDINGS. ADDITIONAL EDUCATIONAL ACTIVITIES INCLUDE MONTHLY TOURS OF LOCAL HISTORIC SITES, HOSTING HISTORIC HOUSE AND GARDEN TOURS, AND CREATING PUBLICATIONS TO HIGHLIGHT THE HISTORIC, ARCHITECTURAL, AND CULTURAL SIGNIFICANCE OF HISTORIC DISTRICTS, BUILDINGS, AND NEIGHBORHOODS. HISTORIC RICHMOND ALSO HOSTS AN AWARDS PROGRAM TO RECOGNIZE PROFESSIONALS WORKING IN NEIGHBORHOOD REVITALIZATION, BLIGHT REDUCTION, AND HISTORIC PRESERVATION IN THE RICHMOND REGION.

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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 $594,465
Program Service Revenue $61,223
Investment Income $392,523
Other Revenue $10,117
TOTAL REVENUE $1,058,328

Expense Breakdown

Grants Paid $14,763
Salaries & Benefits $556,640
Fundraising Expenses $81,176
Program Expenses $699,323
Other Expenses $407,833
TOTAL EXPENSES $979,236

Year-over-Year Comparison

2024 2023 Change
Revenue $1,058,328 $1,117,723 -0.1%
Expenses $979,236 $956,211 +0.0%
Net Income $79,092 $161,512 -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
25
Independent Members
25
Employees
7
Volunteers
150

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
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA A WARTHEN PRESIDENT 1.00
Officer Director
$0 $0 $0
JULIE WEISSEND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JONATHAN H BLILEY TREASURER 1.00
Officer Director
$0 $0 $0
SEAN M BEARD SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPH K REID III ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
JANIS ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA BATTAGLIA BOARD MEMBER 1.00
Director
$0 $0 $0
LEXI CLEVELAND BOARD MEMBER 1.00
Director
$0 $0 $0
JESS ELLINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
ZARINA FAZALDIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARSHALL FRENCH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID H HALLOCK JR BOARD MEMBER 1.00
Director
$0 $0 $0
DOUGLAS J HANSON BOARD MEMBER 1.00
Director
$0 $0 $0
GARNETT HAMERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES HILL BOARD MEMBER 1.00
Director
$0 $0 $0
CN JENKINS JR BOARD MEMBER 1.00
Director
$0 $0 $0
AUSTIN JONES BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHIAS KASEORG BOARD MEMBER 1.00
Director
$0 $0 $0
DOROTHEA MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID I MEYERS BOARD MEMBER 1.00
Director
$0 $0 $0
STACI A PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES D PIPER BOARD MEMBER 1.00
Director
$0 $0 $0
COLEEN BUTLER RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
BEN THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT A VALLEJO BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
CYANE CRUMP EXECUTIVE DIRECTOR 40.00
Highest
$190,087 $6,772 $196,859
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 $1,058,328 $979,236 $16,802,506 $79,092
2023 $1,117,723 $956,211 $15,518,494 $161,512
2022 $999,096 $894,579 $14,144,510 $104,517
2021 $1,237,594 $698,579 $15,495,692 $539,015
2020 $815,245 $861,143 $13,867,061 $-45,898
2019 $1,047,731 $777,816 $12,802,179 $269,915
2018 $965,959 $978,323 $11,304,756 $-12,364
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