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Nonprofiteer
← VIRGINIA ENVIRONMENTAL ENDOWMENT

Form 990 for tax year 2022

Filed by VIRGINIA ENVIRONMENTAL ENDOWMENT.

Totals

Total revenue
$1,136,573
Total expenses
$3,456,259
Contributions and grants received
$0
Grants paid
$2,870,733
Program service revenue
$0
Investment income
$1,136,573
Other revenue
$0
Total assets, end of year
$34,168,054
Total liabilities, end of year
$397,543
Net assets or fund balances, end of year
$33,770,511
Program services expenses (Part IX)
$3,313,905
Management and general expenses
$142,354
Fundraising expenses
$0
Program service expenses (Part III)
$3,313,905

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $763,418 · excluded $763,418

  • 7a · Gross sales of assets other than inventory

    securities $4,965,175

  • 7b · Less cost or other basis and sales expenses

    securities $4,592,020

  • 7c · Gain or loss

    securities $373,155

  • 7d · Net gain or loss

    total $373,155 · excluded $373,155

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,870,733 · program services $2,870,733

  • 7 · Other salaries and wages

    total $367,887 · program services $294,310 · management and general $73,577

  • 8 · Pension plan contributions

    total $33,653 · program services $26,922 · management and general $6,731

  • 9 · Other employee benefits

    total $40,321 · program services $32,257 · management and general $8,064

  • 10 · Payroll taxes

    total $25,356 · program services $20,285 · management and general $5,071

  • 11c · Fees: accounting

    total $13,850 · program services $11,080 · management and general $2,770

  • 11f · Fees: investment management

    total $31,562 · management and general $31,562

  • 13 · Office expenses

    total $4,273 · program services $3,418 · management and general $855

  • 16 · Occupancy

    total $36,741 · program services $29,393 · management and general $7,348

  • 17 · Travel

    total $4,494 · program services $3,595 · management and general $899

  • 20 · Interest

    total $2,149 · program services $1,719 · management and general $430

  • 22 · Depreciation, depletion and amortization

    total $1,805 · program services $1,444 · management and general $361

  • 23 · Insurance

    total $2,828 · program services $2,262 · management and general $566

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $13,486 · program services $10,789 · management and general $2,697

  • 24b · Other expenses: PARKING

    total $2,931 · program services $2,345 · management and general $586

  • 24c · Other expenses: CONTRACTUAL SERVICES

    total $2,322 · program services $1,858 · management and general $464

  • 24d · Other expenses: MISCELLANEOUS

    total $1,507 · program services $1,206 · management and general $301

  • 24e · All other expenses

    total $361 · program services $289 · management and general $72

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $903,485 · end of year $578,630

  • 10a · Land, buildings and equipment: cost or other basis

    $37,214

  • 10b · Land, buildings and equipment: accumulated depreciation

    $34,819

  • 10c · Land, buildings and equipment, net

    beginning of year $4,200 · end of year $2,395

  • 12 · Investments: other securities

    beginning of year $38,234,279 · end of year $33,534,806

  • 15 · Other assets

    beginning of year $0 · end of year $52,223

  • 18 · Grants payable

    beginning of year $362,750 · end of year $335,025

  • 25 · Other liabilities

    beginning of year $0 · end of year $62,518

  • 27 · Net assets without donor restrictions

    beginning of year $23,664,069 · end of year $20,811,910

  • 28 · Net assets with donor restrictions

    beginning of year $15,115,145 · end of year $12,958,601

Mission and programs · 2022

Mission

THE ENDOWMENT'S MISSION IS TO IMPROVE THE QUALITY OF THE ENVIRONMENT BY USING ITS CAPITAL, EXPERTISE, AND RESOURCES TO FUND PROJECTS AND PROGRAMS THAT ENCOURAGE ALL SECTORS TO WORK TOGETHER TO PREVENT POLLUTION, IMPROVE WATER QUALITY, RESTORE THE CHESAPEAKE BAY, CONSERVE NATURAL RESOURCES, PROMOTE ENVIRONMENTAL LITERACY AND PUBLIC AWARENESS, AND ADDRESS EMERGING ISSUES. ALTHOUGH ACCORDED A NATIONAL SCOPE BY ITS CHARTER, THE ENDOWMENT CURRENTLY LIMITS AWARDS TO ELIGIBLE ORGANIZATIONS AND PROJECTS CONDUCTED PRIMARILY IN THE STATE OF VIRGINIA AND ALSO IN THE KANAWHA AND OHIO RIVER VALLEYS OF KENTUCKY AND WEST VIRGINIA.

  • THE ENDOWMENT MADE GRANTS TO ORGANIZATIONS AND PROJECTS IN FOUR GRANT PROGRAMS: THE VIRGINIA PROGRAM, THE KANAWHA AND OHIO RIVER VALLEYS PROGRAM, THE JAMES RIVER WATER QUALITY IMPROVEMENT PROGRAM (JRWQIP) WHICH FOCUSES ON PRODUCING SIGNIFICANT ON-THE-GROUND WATER QUALITY BENEFITS, AND THE COMMUNITY CONSERVATION PROGRAM. COMMUNITY CONSERVATION PROGRAM IS FUNDED BY $3 MILLION THAT VEE RECEIVED AS PART OF THE AGREEMENT THE COMMONWEALTH OF VIRGINIA MADE WITH THE COMPANY CONSTRUCTING THE MOUNTAIN VALLEY PIPELINE TO OFFSET IMPACTS FROM THE CLEARING OF THE PIPELINE PATH IN SOUTHWEST VIRGNIA.VIRGINIA PROGRAM GRANTS WERE MADE FOR PROJECTS THROUGHOUT THE COMMONWEALTH THAT ALIGNED WITH THE ENDOWMENT'S STRATEGIC PRIORITIES. THE PURPOSES OF THE VIRGINIA PROGRAM GRANTS INCLUDED ADVANCING LAND CONSERVATION, PROTECTING WATER QUALITY, ADVANCING ENVIRONMENTAL LITERACY, PROTECTING THE CHESAPEAKE BAY AND SUPPORTING COASTAL RESILIENCE AND CLIMATE ADAPTATION.THE JRWQIP GRANTS WERE MADE FOR PROJECTS THAT WILL LIKELY REDUCE THE AMOUNT OF NUTRIENT AND SEDIMENT POLLUTION FLOWING INTO THE JAMES RIVER BY MORE THAN FOUR MILLION POUNDS ANNUALLY. KANAWHA AND OHIO RIVER VALLEYS PROGRAM GRANTS SUPPORT IMPORTANT WATER QUALITY EFFORTS IN PORTIONS OF WEST VIRGINIA AND KENTUCKY.

    Expenses $3,313,905 · Grants $2,870,733

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dixon M Butler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Robert B Smith Jr

    SENIOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Nina Randolph

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Robin D Baliles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Blair Wimbush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Celia Dallas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Cabell Jennings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Joseph H Maroon

    SECRETARY, EXECUTIVE DIREC

    Total calculated
    $195,269
    From this org
    $195,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $195,269
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,269

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2023
IRS schema version
2022v5.0
Source object
202321989349301717

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