Totals
- Total revenue
- $4,030,327
- Total expenses
- $3,795,396
- Contributions and grants received
- $2,808,402
- Grants paid
- $0
- Program service revenue
- $65,457
- Investment income
- $888,118
- Other revenue
- $268,350
- Total assets, end of year
- $40,860,687
- Total liabilities, end of year
- $3,322,017
- Net assets or fund balances, end of year
- $37,538,670
- Program services expenses (Part IX)
- $2,945,680
- Management and general expenses
- $583,356
- Fundraising expenses
- $266,360
- Program service expenses (Part III)
- $2,945,680
Program services were 77.6% 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)
$46,308
-
1f · All other contributions, gifts and grants
$2,762,094
-
1g · Noncash contributions included above
$685,461
-
2a · Program service revenue: ADMISSIONS
total $65,457 · related or exempt $65,457
-
3 · Investment income
total $509,100 · excluded $509,100
-
5 · Royalties
total $179 · excluded $179
-
6a · Gross rents
real property $2,394
-
6b · Less rental expenses
real property $14,536
-
6c · Rental income or loss
real property -$12,142
-
6d · Net rental income or loss
total -$12,142 · excluded -$12,142
-
7a · Gross sales of assets other than inventory
securities $428,629
-
7b · Less cost or other basis and sales expenses
securities $49,611
-
7c · Gain or loss
securities $379,018
-
7d · Net gain or loss
total $379,018 · excluded $379,018
-
8a · Fundraising events: gross income
$280,142
-
8b · Fundraising events: direct expenses
$241,816
-
8c · Net income from fundraising events
total $38,326 · excluded $38,326
-
10a · Gross sales of inventory
$44,087
-
10b · Cost of goods sold
$27,764
-
10c · Net income from sales of inventory
total $16,323 · related or exempt $16,323
-
11a · Other revenue: SALES OF COLLECTION IT
total $202,245 · related or exempt $202,245
-
11b · Other revenue: PARKING
total $23,689 · related or exempt $23,689
-
11c · Other revenue: PHOTO SALES
total $7,199 · related or exempt $7,199
-
11d · All other revenue
total -$7,469 · related or exempt -$7,469
-
11e · Other revenue, total
$225,664
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $158,745 · management and general $158,745
-
7 · Other salaries and wages
total $1,441,035 · program services $1,224,994 · management and general $108,461 · fundraising $107,580
-
9 · Other employee benefits
total $150,494 · program services $100,703 · management and general $37,736 · fundraising $12,055
-
10 · Payroll taxes
total $98,135 · program services $85,490 · management and general $5,167 · fundraising $7,478
-
11f · Fees: investment management
total $56,543 · management and general $56,543
-
11g · Fees: other
total $515,302 · program services $423,049 · management and general $75,053 · fundraising $17,200
-
12 · Advertising and promotion
total $71,963 · program services $67,221 · management and general $1,477 · fundraising $3,265
-
13 · Office expenses
total $44,327 · program services $36,525 · management and general $4,433 · fundraising $3,369
-
16 · Occupancy
total $280,821 · program services $273,800 · management and general $5,897 · fundraising $1,124
-
17 · Travel
total $34,797 · program services $17,781 · management and general $3,340 · fundraising $13,676
-
19 · Conferences, conventions and meetings
total $32,573 · program services $9,488 · management and general $7,466 · fundraising $15,619
-
22 · Depreciation, depletion and amortization
total $404,884 · program services $404,884
-
23 · Insurance
total $62,229 · program services $34,664 · management and general $27,565
-
24a · Other expenses: EQUIPMENT MAINTENANCE
total $108,111 · program services $90,921 · management and general $10,811 · fundraising $6,379
-
24b · Other expenses: COLLECTION EXPENSE
total $69,084 · program services $66,942 · management and general $2,142
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $67,852 · program services $0 · management and general $53,302 · fundraising $14,550
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $59,786 · program services $21,288 · management and general $19,296 · fundraising $19,202
-
24e · All other expenses
total $138,715 · program services $87,930 · management and general $5,922 · fundraising $44,863
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $45,754 · end of year $135,590
-
2 · Savings and temporary cash investments
beginning of year $1,995,516 · end of year $1,011,379
-
3 · Pledges and grants receivable
beginning of year $2,267,789 · end of year $1,506,273
-
4 · Accounts receivable
beginning of year $23,436 · end of year $25,231
-
8 · Inventories for sale or use
beginning of year $34,936 · end of year $41,931
-
9 · Prepaid expenses and deferred charges
beginning of year $26,107 · end of year $15,175
-
10a · Land, buildings and equipment: cost or other basis
$12,932,134
-
10b · Land, buildings and equipment: accumulated depreciation
$8,086,861
-
10c · Land, buildings and equipment, net
beginning of year $15,471,148 · end of year $4,845,273
-
11 · Investments: publicly traded securities
beginning of year $19,511,395 · end of year $21,157,061
-
14 · Intangible assets
beginning of year $20,606 · end of year $20,606
-
15 · Other assets
beginning of year $1,013,876 · end of year $12,102,168
-
17 · Accounts payable and accrued expenses
beginning of year $1,182,742 · end of year $281,731
-
23 · Secured mortgages and notes payable
beginning of year $2,060,000 · end of year $2,799,908
-
25 · Other liabilities
beginning of year $1,075,148 · end of year $240,378
-
27 · Net assets without donor restrictions
beginning of year $9,703,901 · end of year $17,325,025
-
28 · Net assets with donor restrictions
beginning of year $26,388,772 · end of year $20,213,645
Mission and programs · 2023
Mission
THE MISSION OF THE VALENTINE IS TO ENGAGE, EDUCATE AND CHALLENGE A DIVERSE AUDIENCE BY COLLECTING, PRESERVING AND INTERPRETING RICHMOND'S HISTORY.
-
THE VALENTINE ENGAGES THE PUBLIC IN THOUGHTFUL PROGRAMS DESIGNED TO USE HISTORY TO INFORM THE PRESENT AND TO SHAPE THE FUTURE. INTERACTIVE PROGRAMS REACH CHILDREN FROM PRE-K TO HIGH SCHOOL ON SITE AND THROUGH OUTREACH. ADULT EDUCATION INCLUDES WALKING AND BUS TOURS, CONVERSATIONS AND OUTREACH ON RICHMOND HISTORY AND CURRENT COMMUNITY ISSUES. THEVALENTINE FREQUENTLY PARTNERS WITH OTHER COMMUNITY ORGANIZATIONS TO ENSURE RELEVANCY. THE VALENTINE USES ITS EXTENSIVE COLLECTION TO INFORM AND SUPPORT ITS PROGRAMS AND TO DEVELOP TIMELY CHANGING EXHIBITIONS. MUSEUM RESOURCES ARE USED TO SUPPORT THESE COLLECTING AND EDUCATIONAL EFFORTS. CARE OF THE COLLECTION INCLUDES THE MAINTENANCE AND OPERATON OF THE MUSEUM FACILITIES AND HISTORIC SITES, INCLUDING THE 200-YEAR-OLD WICKHAM HOUSE, A NATIONAL HISTORIC LANDMARK.
Expenses $2,945,680
As filed on the 2023 return.
Listed in Part VII
-
ROBERT A ANGLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ALLISON C BOLYARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOI TAYLOR DEAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
IDA V FARINHOLT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SHIRLEY GIBSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JAMIE GREGORY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
AUSTIN A JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
BRAD JONES JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JUSTIN KNIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SAURABH MADAAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CHARLOTTE B MCGEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
PAULA P PANDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
LEA RASMUSSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DEE ANN REMO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN F ROBERTSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TOM ROSENTHAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TANYA J ROSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
PAMELA ROYAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DAVID T RYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MELODY JOY SHORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TRACY KEMP STALLINGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SHAREEMA WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JEFFREY S WROBEL SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT R WARREN
EX. OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
WILLIAM J MARTIN
DIRECTOR
- Total calculated
- $141,702
- From this org
- $141,702
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
TEE VALENTINE
CHAIRMEN
- Total calculated
- $0
- Hours/week
- 2
-
ELAINE S RYAN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
J EDWARD UKROP
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
E MASSIE VALENTINE JR
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
JAMES L WEINBERG
ASSISTANT SECRETARY
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520359349301102
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.