Form 990 for tax year 2023
Filed by THOMAS JEFFERSON FOUNDATION INC.
Totals
- Total revenue
- $34,953,335
- Total expenses
- $42,327,170
- Contributions and grants received
- $9,690,281
- Grants paid
- $214,460
- Program service revenue
- $11,052,391
- Investment income
- $6,601,451
- Other revenue
- $7,609,212
- Total assets, end of year
- $375,175,740
- Total liabilities, end of year
- $43,969,054
- Net assets or fund balances, end of year
- $331,206,686
- Program services expenses (Part IX)
- $31,528,432
- Management and general expenses
- $9,463,017
- Fundraising expenses
- $1,335,721
- Program service expenses (Part III)
- $31,528,432
Program services were 74.5% 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)
$317,351
-
1f · All other contributions, gifts and grants
$9,372,930
-
1g · Noncash contributions included above
$242,245
-
2a · Program service revenue: ADMISSION FEES
total $10,117,950 · related or exempt $10,117,950
-
2b · Program service revenue: FOOD SERVICE SALES
total $603,811 · excluded $603,811
-
2c · Program service revenue: OTHER PROGRAM INCOME
total $330,630 · related or exempt $330,630
-
3 · Investment income
total $2,631,708 · excluded $2,631,708
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $13,296 · related or exempt $13,296
-
6a · Gross rents
real property $154,680
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $154,680 · personal property $0
-
6d · Net rental income or loss
total $154,680 · related or exempt $154,680
-
7a · Gross sales of assets other than inventory
securities $139,755,062
-
7b · Less cost or other basis and sales expenses
securities $135,785,319
-
7c · Gain or loss
securities $3,969,743
-
7d · Net gain or loss
total $3,969,743 · unrelated business $277,186 · excluded $3,692,557
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$12,597,957
-
10b · Cost of goods sold
$5,156,721
-
10c · Net income from sales of inventory
total $7,441,236 · related or exempt $6,073,128 · unrelated business $1,368,108
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $175,460 · program services $175,460
-
3 · Grants to foreign organizations and individuals
total $39,000 · program services $39,000
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,134,052 · program services $209,781 · management and general $924,271
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $14,527,189 · program services $12,685,628 · management and general $1,362,290 · fundraising $479,271
-
8 · Pension plan contributions
total $563,849 · program services $517,806 · management and general $31,363 · fundraising $14,680
-
9 · Other employee benefits
total $1,392,302 · program services $1,242,119 · management and general $115,409 · fundraising $34,774
-
10 · Payroll taxes
total $1,127,511 · program services $961,445 · management and general $130,284 · fundraising $35,782
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $396,935 · program services $129,227 · management and general $251,593 · fundraising $16,115
-
11c · Fees: accounting
total $157,000 · management and general $157,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,207,612 · management and general $1,207,612
-
11g · Fees: other
total $6,602,153 · program services $5,080,520 · management and general $1,362,771 · fundraising $158,862
-
12 · Advertising and promotion
total $790,340 · program services $790,340
-
13 · Office expenses
total $2,106,693 · program services $1,865,213 · management and general $128,797 · fundraising $112,683
-
14 · Information technology
total $1,164,669 · program services $906,294 · management and general $188,444 · fundraising $69,931
-
15 · Royalties
total $0
-
16 · Occupancy
total $736,401 · program services $559,886 · management and general $172,023 · fundraising $4,492
-
17 · Travel
total $949,024 · program services $512,341 · management and general $251,326 · fundraising $185,357
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $41,451 · program services $34,726 · management and general $6,725
-
20 · Interest
total $1,851,771 · management and general $1,851,771
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,588,763 · program services $2,728,537 · management and general $838,335 · fundraising $21,891
-
23 · Insurance
total $377,816 · management and general $377,816
-
24a · Other expenses: EQUIPMENT RENTAL
total $1,235,326 · program services $1,104,736 · management and general $36,149 · fundraising $94,441
-
24b · Other expenses: SHIPPING AND HANDLING
total $1,087,944 · program services $1,087,944
-
24c · Other expenses: PRINTING AND PUBLICATIONS
total $837,636 · program services $707,864 · management and general $25,756 · fundraising $104,016
-
24d · Other expenses: CONSERVATION AND COLLECTIONS
total $141,240 · program services $141,240
-
24e · All other expenses
total $95,033 · program services $48,325 · management and general $43,282 · fundraising $3,426
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $21,088,132 · end of year $7,194,617
-
3 · Pledges and grants receivable
beginning of year $4,272,309 · end of year $2,562,150
-
4 · Accounts receivable
beginning of year $1,746,312 · end of year $192,813
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $4,188,534 · end of year $3,469,226
-
9 · Prepaid expenses and deferred charges
beginning of year $725,106 · end of year $853,699
-
10a · Land, buildings and equipment: cost or other basis
$125,875,527
-
10b · Land, buildings and equipment: accumulated depreciation
$52,834,165
-
10c · Land, buildings and equipment, net
beginning of year $76,207,403 · end of year $73,041,362
-
11 · Investments: publicly traded securities
beginning of year $62,888,584 · end of year $90,950,297
-
12 · Investments: other securities
beginning of year $180,128,815 · end of year $194,742,169
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $1,895,668 · end of year $1,705,601
-
15 · Other assets
beginning of year $812,115 · end of year $463,806
-
17 · Accounts payable and accrued expenses
beginning of year $19,136,926 · end of year $4,473,316
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $29,746,000 · end of year $29,746,000
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,163,000 · end of year $9,133,433
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $105,037
-
25 · Other liabilities
beginning of year $660,642 · end of year $511,268
-
27 · Net assets without donor restrictions
beginning of year $186,422,761 · end of year $200,355,493
-
28 · Net assets with donor restrictions
beginning of year $116,823,649 · end of year $130,851,193
Mission and programs · 2023
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.
Activities or mission (Part I)
THE MISSION IS TO PRESERVE MONTICELLO AND SHARE THE HISTORY AND LEGACY OF THOMAS JEFFERSON, HIS FAMILY, AND THOSE HE HELD IN SLAVERY, WITH A GLOBAL AUDIENCE.
-
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.
Expenses $27,432,302 · Grants $29,460 · Revenue $11,052,391
-
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".
Expenses $4,096,130 · Grants $185,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Leslie Greene BowmanLESLIE GREENE BOWMAN
PRESIDENT 1/1/23-1/31/23
- Total calculated
- $511,127
- From this org
- $476,479
- From related orgs
- $0
- Other
- $34,648
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $135,157
- Bonus
- $17,560
- Other
- $323,762
- Deferred
- $31,663
- Nontaxable benefits
- $2,985
- Filer's total
- $511,127
-
Andrew J O'ShaughnessyANDREW J O'SHAUGHNESSY
FORMER VP & SAUNDERS DIRECTOR
- Total calculated
- $354,311
- From this org
- $350,000
- From related orgs
- $0
- Other
- $4,311
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $350,000
- Deferred
- $0
- Nontaxable benefits
- $4,311
- Filer's total
- $354,311
-
Peter G HallockPETER G HALLOCK
INTERIM PRESIDENT 2/1 - 12/31
- Total calculated
- $259,646
- From this org
- $239,518
- From related orgs
- $0
- Other
- $20,128
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $239,518
- Bonus
- $0
- Other
- $0
- Deferred
- $14,815
- Nontaxable benefits
- $5,313
- Filer's total
- $259,646
-
Christine P BarthCHRISTINE P BARTH
INTERIM VP & CFO (AS OF 3/23)
- Total calculated
- $233,730
- From this org
- $228,874
- From related orgs
- $0
- Other
- $4,856
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $228,874
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,856
- Filer's total
- $233,730
-
Sharon L McElroySHARON L MCELROY
DIRECTOR OF RETAIL SALES
- Total calculated
- $187,485
- From this org
- $172,857
- From related orgs
- $0
- Other
- $14,628
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $171,699
- Bonus
- $0
- Other
- $1,158
- Deferred
- $10,302
- Nontaxable benefits
- $4,326
- Filer's total
- $187,485
-
John J LooneyJOHN J LOONEY
EDITOR, THOMAS JEFFERSON PAPER
- Total calculated
- $179,777
- From this org
- $164,487
- From related orgs
- $0
- Other
- $15,290
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $164,487
- Bonus
- $0
- Other
- $0
- Deferred
- $10,335
- Nontaxable benefits
- $4,955
- Filer's total
- $179,777
-
Andrew R HuffANDREW R HUFF
DIRECTOR OF IT
- Total calculated
- $177,609
- From this org
- $163,076
- From related orgs
- $0
- Other
- $14,533
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $147,282
- Bonus
- $15,794
- Other
- $0
- Deferred
- $10,328
- Nontaxable benefits
- $4,205
- Filer's total
- $177,609
-
Gabriele L RausseGABRIELE L RAUSSE
DIR, VITICULTURE (thru 6/23)
- Total calculated
- $158,787
- From this org
- $150,453
- From related orgs
- $0
- Other
- $8,334
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $81,841
- Bonus
- $0
- Other
- $68,612
- Deferred
- $4,916
- Nontaxable benefits
- $3,418
- Filer's total
- $158,787
-
Deborah M ThackerDEBORAH M THACKER
CONTROLLER
- Total calculated
- $151,422
- From this org
- $140,265
- From related orgs
- $0
- Other
- $11,157
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $121,111
- Bonus
- $19,154
- Other
- $0
- Deferred
- $8,727
- Nontaxable benefits
- $2,430
- Filer's total
- $151,422
-
Laura B TerryLAURA B TERRY
VP & CFO 1/1/23-4/10/23
- Total calculated
- $130,640
- From this org
- $120,112
- From related orgs
- $0
- Other
- $10,528
- Hours/week
- 50
-
Tobias DengelTOBIAS DENGEL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Molly HardieMOLLY HARDIE
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Christopher J ToomeyCHRISTOPHER J TOOMEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Melody BarnesMELODY BARNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ld Britt MDDR LD BRITT MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter CookPETER COOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter CoolidgePETER COOLIDGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph ErdmanJOSEPH ERDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Annette Gordon-ReedANNETTE GORDON-REED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Renee GrishamRENEE GRISHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donald A King JrDONALD A KING JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David C LandinDAVID C LANDIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suzi LevineSUZI LEVINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John Nau IIIJOHN NAU III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William H Walton IIIWILLIAM H WALTON III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Micheylnn WoodardMICHEYLNN WOODARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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 · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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)
- SCHEDULE J, PART I, LINE 1A:
- THE FOUNDATION HAS A TRAVEL REIMBURSEMENT POLICY IN PLACE WHICH DETAILS TRAVEL ELIGIBLE FOR REIMBURSEMENT. ANY SUCH REQUEST MUST BE APPROVED BY THE EMPLOYEE'S SUPERVISOR. IN THE CASE OF THE FOUNDATION PRESIDENT ALL REIMBURSEMENTS ARE REVIEWED BY THE BOARD CHAIR. THE FOUNDATION REQUIRES MS. BOWMAN TO LIVE IN FOUNDATION-PROVIDED HOUSING. VALUATION OF THE HOUSING PROVIDED IS ASSESSED BY AN INDEPENDENT THIRD-PARTY REALTOR.
- SCHEDULE J, PART I, LINE 4A:
- LESLIE GREENE BOWMAN - RECEIVED $323,172 FOR SEVERANCE PAY. ANDREW O'SHAUGHNESSY RECEIVED SEVERANCE OF $270,000. GABRIELE RAUSSE RECEIVED SEVERANCE OF $68,612.
- SCHEDULE J, PART I, LINE 4B:
- LESLIE GREENE BOWMAN - RECEIVED A $31,663 CONTRIBUTION TO NONQUALIFIED DEFERRED COMPENSATION PLAN.
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.
-
JEFFERSON VINEYARDS LLC
VINEYARD · VA · income $1,703,566 · assets $15,409,881
Directly controlled by TJFINC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349317292
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