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Nonprofiteer
← COLONIAL WILLIAMSBURG FOUNDATION

Form 990 for tax year 2022

Filed by COLONIAL WILLIAMSBURG FOUNDATION.

Totals

Total revenue
$115,308,235
Total expenses
$114,045,211
Contributions and grants received
$52,528,341
Grants paid
$0
Program service revenue
$31,682,862
Investment income
$31,685,584
Other revenue
-$588,552
Total assets, end of year
$1,661,208,452
Total liabilities, end of year
$386,370,323
Net assets or fund balances, end of year
$1,274,838,129
Program services expenses (Part IX)
$82,193,139
Management and general expenses
$24,290,347
Fundraising expenses
$7,561,725
Program service expenses (Part III)
$82,193,139

Program services were 72.1% 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.

  • 1e · Government grants (contributions)

    $1,601,448

  • 1f · All other contributions, gifts and grants

    $50,926,893

  • 1g · Noncash contributions included above

    $13,079,019

  • 2a · Program service revenue: Admissions

    total $16,206,646 · related or exempt $16,206,646

  • 2b · Program service revenue: Historic Area Rentals

    total $836,134 · excluded $836,134

  • 2c · Program service revenue: Special Programs

    total $3,293,570 · related or exempt $3,293,570

  • 2d · Program service revenue: Taverns & Colonial Houses

    total $11,346,512 · related or exempt $11,346,512

  • 3 · Investment income

    total $7,927,979 · unrelated business $1,765,673 · excluded $6,162,306

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $606,309 · excluded $606,309

  • 6a · Gross rents

    real property $16,395,820

  • 6b · Less rental expenses

    real property $20,795,208

  • 6c · Rental income or loss

    real property -$4,399,388

  • 6d · Net rental income or loss

    total -$4,399,388 · unrelated business -$4,865,733 · excluded $466,345

  • 7a · Gross sales of assets other than inventory

    securities $469,096,965 · other assets $1,837,364

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

    securities $446,080,577 · other assets $1,096,147

  • 7c · Gain or loss

    securities $23,016,388 · other assets $741,217

  • 7d · Net gain or loss

    total $23,757,605 · unrelated business -$98,063 · excluded $23,855,668

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $102,118

  • 10b · Cost of goods sold

    $89,707

  • 10c · Net income from sales of inventory

    total $12,411 · related or exempt $12,411

  • 11a · Other revenue: Advertising

    total $87,777 · unrelated business $87,777

  • 11b · Other revenue: Other

    total $2,915,033 · unrelated business $8,682,905 · excluded -$5,767,872

  • 11c · Other revenue: Parking Fees

    total $189,306 · excluded $189,306

  • 11e · Other revenue, total

    $3,192,116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $6,057,989 · program services $1,946,560 · management and general $3,619,865 · fundraising $491,564

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $37,091,152 · program services $25,431,592 · management and general $8,845,026 · fundraising $2,814,534

  • 8 · Pension plan contributions

    total $306,683 · management and general $306,683

  • 9 · Other employee benefits

    total $4,443,549 · program services $3,444,414 · management and general $619,217 · fundraising $379,918

  • 10 · Payroll taxes

    total $3,372,457 · program services $1,926,858 · management and general $1,212,918 · fundraising $232,681

  • 11a · Fees: management

    total $11,341,618 · program services $11,341,618

  • 11b · Fees: legal

    total $659,928 · management and general $659,928

  • 11c · Fees: accounting

    total $214,580 · management and general $214,580

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $4,972,667 · program services $4,972,667

  • 11g · Fees: other

    total -$7,360,214 · program services $1,370,094 · management and general -$8,730,308

  • 12 · Advertising and promotion

    total $2,603,530 · program services $2,419,235 · management and general $57,230 · fundraising $127,065

  • 13 · Office expenses

    total $4,993,016 · program services $1,792,959 · management and general $645,287 · fundraising $2,554,770

  • 14 · Information technology

    total $2,688,331 · program services $167,965 · management and general $2,510,556 · fundraising $9,810

  • 15 · Royalties

    total $1,191 · program services $1,191

  • 16 · Occupancy

    total $4,468,461 · program services $3,662,470 · management and general $803,796 · fundraising $2,195

  • 17 · Travel

    total $269,733 · program services $153,999 · management and general $57,681 · fundraising $58,053

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $531,389 · program services $236,967 · management and general $292,356 · fundraising $2,066

  • 20 · Interest

    total $6,649,883 · program services $783,836 · management and general $5,866,047

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $8,106,049 · program services $6,749,160 · management and general $1,347,240 · fundraising $9,649

  • 23 · Insurance

    total $870,480 · program services $870,480

  • 24a · Other expenses: Maintenance & Repairs

    total $7,120,355 · program services $5,113,556 · management and general $2,006,799

  • 24b · Other expenses: Contracted Services

    total $5,889,198 · program services $2,135,176 · management and general $3,580,715 · fundraising $173,307

  • 24c · Other expenses: Equipment Rental & Maintenance

    total $3,047,644 · program services $2,860,281 · management and general $181,732 · fundraising $5,631

  • 24d · Other expenses: Miscellaneous

    total $2,931,588 · program services $2,454,606 · management and general $402,973 · fundraising $74,009

  • 24e · All other expenses

    total $2,773,954 · program services $2,357,455 · management and general -$209,974 · fundraising $626,473

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,000 · end of year $130,000

  • 2 · Savings and temporary cash investments

    beginning of year $40,029,691 · end of year $49,817,988

  • 3 · Pledges and grants receivable

    beginning of year $12,601,728 · end of year $15,489,610

  • 4 · Accounts receivable

    beginning of year $2,171,730 · end of year $4,887,034

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $25,736 · end of year $25,736

  • 8 · Inventories for sale or use

    beginning of year $1,482,473 · end of year $1,684,955

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,207,687 · end of year $2,780,852

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

    $628,669,667

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

    $334,316,979

  • 10c · Land, buildings and equipment, net

    beginning of year $286,506,711 · end of year $294,352,688

  • 11 · Investments: publicly traded securities

    beginning of year $229,873,821 · end of year $146,983,429

  • 12 · Investments: other securities

    beginning of year $551,303,403 · end of year $565,343,991

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $559,305,804 · end of year $579,712,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,978,773 · end of year $17,646,230

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,000,000 · end of year $13,000,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,459,011

  • 24 · Unsecured notes and loans payable

    beginning of year $309,505,878 · end of year $317,397,662

  • 25 · Other liabilities

    beginning of year $30,688,761 · end of year $38,326,431

  • 27 · Net assets without donor restrictions

    beginning of year $783,809,997 · end of year $782,558,312

  • 28 · Net assets with donor restrictions

    beginning of year $521,196,364 · end of year $492,279,817

Mission and programs · 2022

Mission

See Schedule O for information.

Activities or mission (Part I)

Preserve, restore, reconstruct, or otherwise maintain historical structures, objects, works of art and locations and to promote, encourage, and carry on any historical, interpretive, research, or related educational activities.

  • Education, Research and Historical Interpretation-The Historic Area is a 301-acre outdoor history museum with over 600 original and reconstructed houses, outbuildings, shops, taverns, and public buildings. Interpretation by costumed employees engage visitors in dialogue with historical residents of Colonial Williamsburg and at trade sites. Tours are offered through the houses, taverns and public buildings. Specialized tours are available that focus on African-Americans, the role of women in the 18th-century, and the origins of the U.S. Constitution.

    Expenses $53,208,813 · Revenue $19,091,385

  • Museums, Preservation and Historic Resources-Colonial Williamsburg's wide-ranging collections, acquired over the past 90 years, provide the art, objects, artifacts, and buildings necessary to accurately recreate the environment of 18th-century Williamsburg. The archaeological and architectural collection include 500,000 whole archaeological artifacts from excavations in and around Williamsburg as well as 60 million fragments (probably the largest single archaeological holding relating to 18th-century America), and some 19,000 architectural fragments.

    Expenses $15,682,302 · Revenue $421,243

  • Taverns and Colonial Houses-Ideal for guests who wish to fully immerse themselves in the 18th-century, Colonial Williamsburg offers authentic period accomodations in the Historic Area where our founding families once lodged. Servers in taverns are in period dress and interpret the 18th-century dining experiences.

    Expenses $13,302,024 · Revenue $11,346,512

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

Listed in Part VII

  • Clifford Fleet III

    President & CEO

    Total calculated
    $695,672
    From this org
    $577,470
    From related orgs
    $0
    Other
    $118,202
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $551,242
    Bonus
    not reported
    Other
    $26,228
    Deferred
    $25,227
    Nontaxable benefits
    $92,975
    Filer's total
    $695,672

  • Kevin Patrick

    CFO

    Total calculated
    $658,656
    From this org
    $546,119
    From related orgs
    $0
    Other
    $112,537
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $376,799
    Bonus
    $131,250
    Other
    $38,070
    Deferred
    $51,102
    Nontaxable benefits
    $61,435
    Filer's total
    $658,656

  • Elizabeth Kelly

    Vice President

    Total calculated
    $534,813
    From this org
    $359,150
    From related orgs
    $0
    Other
    $175,663
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,698
    Bonus
    $78,750
    Other
    $71,702
    Deferred
    $165,166
    Nontaxable benefits
    $10,497
    Filer's total
    $534,813

  • Ronald Hurst

    Senior VP

    Total calculated
    $513,619
    From this org
    $387,692
    From related orgs
    $0
    Other
    $125,927
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $297,592
    Bonus
    $84,000
    Other
    $6,100
    Deferred
    $108,950
    Nontaxable benefits
    $16,977
    Filer's total
    $513,619

  • Earl Granger III

    CDO

    Total calculated
    $491,564
    From this org
    $464,921
    From related orgs
    $0
    Other
    $26,643
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $344,547
    Bonus
    $117,250
    Other
    $3,124
    Deferred
    $23,765
    Nontaxable benefits
    $2,878
    Filer's total
    $491,564

  • Robert Underwood

    Vice President

    Total calculated
    $451,111
    From this org
    $348,161
    From related orgs
    $0
    Other
    $102,950
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $237,959
    Bonus
    $78,750
    Other
    $31,452
    Deferred
    $51,795
    Nontaxable benefits
    $51,155
    Filer's total
    $451,111

  • Samuel Rucker

    Vice President

    Total calculated
    $441,853
    From this org
    $334,789
    From related orgs
    $0
    Other
    $107,064
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $246,450
    Bonus
    $86,800
    Other
    $1,539
    Deferred
    $78,122
    Nontaxable benefits
    $28,942
    Filer's total
    $441,853

  • Shaun Coleman

    Vice President

    Total calculated
    $437,741
    From this org
    $382,441
    From related orgs
    $0
    Other
    $55,300
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $265,227
    Bonus
    $99,619
    Other
    $17,595
    Deferred
    $27,338
    Nontaxable benefits
    $27,962
    Filer's total
    $437,741

  • Hazel Wong

    General Counsel

    Total calculated
    $396,562
    From this org
    $355,485
    From related orgs
    $0
    Other
    $41,077
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $288,321
    Bonus
    $33,293
    Other
    $33,871
    Deferred
    $15,490
    Nontaxable benefits
    $25,587
    Filer's total
    $396,562

  • Henry Lai

    Vice President

    Total calculated
    $379,437
    From this org
    $327,315
    From related orgs
    $0
    Other
    $52,122
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,815
    Bonus
    $84,000
    Other
    $26,500
    Deferred
    $40,083
    Nontaxable benefits
    $12,039
    Filer's total
    $379,437

  • Cifford Mustaafa Dozier

    CHRO

    Total calculated
    $311,379
    From this org
    $247,825
    From related orgs
    $0
    Other
    $63,554
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $206,119
    Bonus
    $31,855
    Other
    $9,851
    Deferred
    $34,642
    Nontaxable benefits
    $28,912
    Filer's total
    $311,379

  • Catherine Whittenburg

    Vice President

    Total calculated
    $301,576
    From this org
    $244,826
    From related orgs
    $0
    Other
    $56,750
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,877
    Bonus
    $47,984
    Other
    $9,965
    Deferred
    $28,533
    Nontaxable benefits
    $28,217
    Filer's total
    $301,576

  • Dana Tomlin

    Chief of Staff

    Total calculated
    $285,197
    From this org
    $246,834
    From related orgs
    $0
    Other
    $38,363
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,683
    Bonus
    $46,651
    Other
    $20,500
    Deferred
    $13,344
    Nontaxable benefits
    $25,019
    Filer's total
    $285,197

  • Sani Silvennoinen

    Director

    Total calculated
    $242,169
    From this org
    $211,344
    From related orgs
    $0
    Other
    $30,825
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $211,344
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,322
    Nontaxable benefits
    $20,503
    Filer's total
    $242,169

  • Felicia Johnson

    Director

    Total calculated
    $218,119
    From this org
    $167,747
    From related orgs
    $0
    Other
    $50,372
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $153,166
    Bonus
    $8,000
    Other
    $6,581
    Deferred
    $27,014
    Nontaxable benefits
    $23,358
    Filer's total
    $218,119

  • Matthew Webster

    Director

    Total calculated
    $213,708
    From this org
    $164,611
    From related orgs
    $0
    Other
    $49,097
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,111
    Bonus
    $8,000
    Other
    $20,500
    Deferred
    $23,106
    Nontaxable benefits
    $25,991
    Filer's total
    $213,708

  • Brian Partlow

    Director

    Total calculated
    $200,629
    From this org
    $164,962
    From related orgs
    $0
    Other
    $35,667
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,592
    Bonus
    $7,870
    Other
    $25,500
    Deferred
    $13,307
    Nontaxable benefits
    $22,360
    Filer's total
    $200,629

  • Kristin Richardson

    Director

    Total calculated
    $199,709
    From this org
    $162,923
    From related orgs
    $0
    Other
    $36,786
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,923
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,493
    Nontaxable benefits
    $24,293
    Filer's total
    $199,709

  • Diane Branch

    Vice President

    Total calculated
    $160,000
    From this org
    $0
    From related orgs
    $149,979
    Other
    $10,021
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $145,091 related
    Bonus
    not reported
    Other
    not reported + $4,888 related
    Deferred
    not reported + $1,222 related
    Nontaxable benefits
    not reported + $8,799 related
    Filer's total
    not reported + $160,000 related

  • Gary Sandling

    Vice President

    Total calculated
    $79,869
    From this org
    $78,165
    From related orgs
    $0
    Other
    $1,704
    Hours/week
    50

  • Mia Nagawiecki

    Vice President

    Total calculated
    $78,944
    From this org
    $73,791
    From related orgs
    $0
    Other
    $5,153
    Hours/week
    50

  • Mark Hileman

    General Counsel

    Total calculated
    $54,000
    From this org
    $54,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $54,000
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $54,000

  • Carly Fiorina

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Kendrick F Ashton Jr

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Frank Batten Jr

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Catherine O'Neill Broderick

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mark A Coblitz

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Walter Edgar

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Neil M Gorsuch

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Conrad M Hall

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sheila Johson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • John A Luke Jr

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Walfrido J Martinez

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Leslie A Miller

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Steven L Miller

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Joseph W Montgomery

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Steve Netzley

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Walter S Robertson III

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gerald L Shaheen

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Larry Sonsini

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sheldon M Stone

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Y Ping Sun

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeff Trammell

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Alex Wallace

    Trustee

    Total calculated
    $0
    Hours/week
    2

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.
In 2022, the Foundation required the President to live in a house in the Historic Area to better facilitate the performance of his duties, and the house was provided free. Value of the housing in included on Schedule J as a nontaxable benefit.Golf and fitness club memberships at Colonial Williamsburg facilities are provided without charge to certain officers and employees to better facilitate performance of their duties. The value of the membership is included on Schedule J as a nontaxable benefit.

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Charltons Coffeehouse LLC

    Property acquisition · VA

    Directly controlled by CWF

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Colonial Williamsburg Company

    C corp · Hotel/Restaurant · VA · 100% owned · share of income -$14,876,101 · share of assets $18,332,821 · controlled entity

    Directly controlled by CWF

  • Williamsburg Developments Inc

    C corp · Land development · VA · 100% owned · share of income -$125,308 · share of assets $5,299 · controlled entity

    Directly controlled by CWC

  • Nancy B Spillance CRUT

    Trust · Investment · DE · 26% owned · share of assets $12,966

    Directly controlled by NA

  • Kathryn Mae Renner CRT

    Trust · Investment · CA · 45% owned · share of assets $290,322

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349302897

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