Skip to content
Nonprofiteer
← THOMAS JEFFERSON FOUNDATION INC

Form 990 for tax year 2024

Filed by THOMAS JEFFERSON FOUNDATION INC.

Totals

Total revenue
$51,655,297
Total expenses
$41,057,926
Contributions and grants received
$17,829,118
Grants paid
$216,186
Program service revenue
$11,054,815
Investment income
$15,451,562
Other revenue
$7,319,802
Total assets, end of year
$402,744,508
Total liabilities, end of year
$43,801,466
Net assets or fund balances, end of year
$358,943,042
Program services expenses (Part IX)
$30,349,292
Management and general expenses
$8,842,499
Fundraising expenses
$1,866,135
Program service expenses (Part III)
$30,349,292

Program services were 73.9% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $122,111

  • 1f · All other contributions, gifts and grants

    $17,707,007

  • 1g · Noncash contributions included above

    $322,921

  • 2a · Program service revenue: ADMISSION FEES

    total $10,373,683 · related or exempt $10,373,683 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FOOD SERVICE SALES

    total $384,079 · related or exempt $0 · unrelated business $0 · excluded $384,079

  • 2c · Program service revenue: OTHER PROGRAM INCOME

    total $297,053 · related or exempt $297,053 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,400,676 · related or exempt $0 · unrelated business $0 · excluded $2,400,676

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $12,942 · related or exempt $12,942 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $128,996 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $128,996 · personal property $0

  • 6d · Net rental income or loss

    total $128,996 · related or exempt $128,996 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $103,423,438 · other assets $33,250

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

    securities $90,405,802 · other assets $0

  • 7c · Gain or loss

    securities $13,017,636 · other assets $33,250

  • 7d · Net gain or loss

    total $13,050,886 · related or exempt $0 · unrelated business $229,381 · excluded $12,821,505

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $12,163,329

  • 10b · Cost of goods sold

    $4,985,465

  • 10c · Net income from sales of inventory

    total $7,177,864 · related or exempt $5,905,354 · unrelated business $1,272,510 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $188,186 · program services $188,186

  • 3 · Grants to foreign organizations and individuals

    total $18,000 · program services $18,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,401,083 · program services $618,668 · management and general $782,415 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $14,824,366 · program services $12,485,353 · management and general $1,729,182 · fundraising $609,831

  • 8 · Pension plan contributions

    total $628,701 · program services $535,519 · management and general $78,574 · fundraising $14,608

  • 9 · Other employee benefits

    total $1,440,533 · program services $1,253,723 · management and general $141,871 · fundraising $44,939

  • 10 · Payroll taxes

    total $1,177,279 · program services $980,229 · management and general $150,558 · fundraising $46,492

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $259,003 · program services $86,899 · management and general $153,613 · fundraising $18,491

  • 11c · Fees: accounting

    total $130,000 · program services $0 · management and general $130,000 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $222,000 · fundraising $222,000

  • 11f · Fees: investment management

    total $1,373,306 · program services $0 · management and general $1,373,306 · fundraising $0

  • 11g · Fees: other

    total $3,699,645 · program services $3,285,602 · management and general $342,543 · fundraising $71,500

  • 12 · Advertising and promotion

    total $851,656 · program services $851,656 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,061,876 · program services $1,874,258 · management and general $97,772 · fundraising $89,846

  • 14 · Information technology

    total $1,167,608 · program services $865,436 · management and general $194,805 · fundraising $107,367

  • 15 · Royalties

    total $231 · program services $231 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $808,616 · program services $614,790 · management and general $188,893 · fundraising $4,933

  • 17 · Travel

    total $1,134,163 · program services $704,671 · management and general $79,488 · fundraising $350,004

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $22,947 · program services $18,909 · management and general $4,038 · fundraising $0

  • 20 · Interest

    total $1,980,764 · program services $0 · management and general $1,980,764 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,501,897 · program services $2,662,492 · management and general $818,043 · fundraising $21,362

  • 23 · Insurance

    total $405,100 · program services $0 · management and general $405,100 · fundraising $0

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $1,218,383 · program services $994,239 · management and general $14,728 · fundraising $209,416

  • 24b · Other expenses: SHIPPING AND HANDLING

    total $1,144,423 · program services $1,144,423 · management and general $0 · fundraising $0

  • 24c · Other expenses: PRINTING AND PUBLICATIONS

    total $615,718 · program services $558,523 · management and general $7,110 · fundraising $50,085

  • 24d · Other expenses: CONSERVATION AND COLLECTIONS

    total $471,013 · program services $471,013 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $301,429 · program services $126,472 · management and general $169,696 · fundraising $5,261

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

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 $7,194,617 · end of year $9,232,200

  • 3 · Pledges and grants receivable

    beginning of year $2,562,150 · end of year $7,591,565

  • 4 · Accounts receivable

    beginning of year $192,813 · end of year $259,528

  • 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 $3,469,226 · end of year $2,978,263

  • 9 · Prepaid expenses and deferred charges

    beginning of year $853,699 · end of year $942,594

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

    $125,996,019

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

    $56,007,265

  • 10c · Land, buildings and equipment, net

    beginning of year $73,041,362 · end of year $69,988,754

  • 11 · Investments: publicly traded securities

    beginning of year $90,950,297 · end of year $98,049,592

  • 12 · Investments: other securities

    beginning of year $194,742,169 · end of year $210,095,723

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $1,705,601 · end of year $1,515,535

  • 15 · Other assets

    beginning of year $463,806 · end of year $2,090,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,473,316 · end of year $3,420,698

  • 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 $9,133,433 · end of year $8,783,820

  • 24 · Unsecured notes and loans payable

    beginning of year $105,037 · end of year $259,435

  • 25 · Other liabilities

    beginning of year $511,268 · end of year $1,591,513

  • 27 · Net assets without donor restrictions

    beginning of year $200,355,493 · end of year $211,374,550

  • 28 · Net assets with donor restrictions

    beginning of year $130,851,193 · end of year $147,568,492

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O

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 $26,045,657 · Grants $83,331 · Revenue $11,054,815

  • 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 $4,303,635 · Grants $132,855

As filed on the 2024 return.

Listed in Part VII

  • Christopher J Toomey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Molly Hardie

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Tobias Dengel

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Danielle Allen

    TRUSTEE (FROM 1/1)

    Total calculated
    $0
    Hours/week
    1

  • David C Landin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald A King Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Ld Britt MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J Michael Luttig

    TRUSTEE (FROM 1/1)

    Total calculated
    $0
    Hours/week
    1

  • John Nau III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Erdman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Melody Barnes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Micheylnn Woodard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Cook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Coolidge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Suzi Levine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William H Walton III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christine P Barth

    VP & CFO

    Total calculated
    $344,787
    From this org
    $320,148
    From related orgs
    $0
    Other
    $24,639
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $320,148
    Bonus
    $0
    Other
    $0
    Deferred
    $14,361
    Nontaxable benefits
    $10,278
    Filer's total
    $344,787

  • Jane Kamensky PhD

    PRESIDENT & CEO (FROM 1/15)

    Total calculated
    $615,923
    From this org
    $604,164
    From related orgs
    $0
    Other
    $11,759
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $604,164
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,759
    Filer's total
    $615,923

  • Peter G Hallock

    INTERIM PRESIDENT (1/1 - 1/14)

    Total calculated
    $283,439
    From this org
    $259,726
    From related orgs
    $0
    Other
    $23,713
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $259,726
    Bonus
    $0
    Other
    $0
    Deferred
    $15,953
    Nontaxable benefits
    $7,760
    Filer's total
    $283,439

  • Laura Nichols

    VP EXTERNAL RELATIONS

    Total calculated
    $156,934
    From this org
    $155,175
    From related orgs
    $0
    Other
    $1,759
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $25,000
    Other
    $175
    Deferred
    $0
    Nontaxable benefits
    $1,759
    Filer's total
    $156,934

  • Andrew R Huff

    DIRECTOR OF IT

    Total calculated
    $172,253
    From this org
    $151,722
    From related orgs
    $0
    Other
    $20,531
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,722
    Bonus
    $0
    Other
    $0
    Deferred
    $9,687
    Nontaxable benefits
    $10,844
    Filer's total
    $172,253

  • Deborah M Thacker

    CONTROLLER

    Total calculated
    $141,179
    From this org
    $124,896
    From related orgs
    $0
    Other
    $16,283
    Hours/week
    50

  • Fraser D Neiman

    DIRECTOR OF ARCHAEOLOGY

    Total calculated
    $141,384
    From this org
    $129,446
    From related orgs
    $0
    Other
    $11,938
    Hours/week
    50

  • John J Looney

    EDITOR, THOMAS JEFFERSON PAPER

    Total calculated
    $193,148
    From this org
    $177,417
    From related orgs
    $0
    Other
    $15,731
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,417
    Bonus
    $0
    Other
    $0
    Deferred
    $10,702
    Nontaxable benefits
    $5,029
    Filer's total
    $193,148

  • Joseph T Pierce

    DIRECTOR OF DEVELOPMENT (THRU 12/27/2024)

    Total calculated
    $147,040
    From this org
    $143,326
    From related orgs
    $0
    Other
    $3,714
    Hours/week
    50

  • Leslie Greene Bowman

    FORMER PRESIDENT

    Total calculated
    $693,130
    From this org
    $693,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $693,130
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $693,130

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 · 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
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

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

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
LESLIE GREENE BOWMAN - RECEIVED $352,552 FOR SEVERANCE PAY.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
LESLIE GREENE BOWMAN - RECEIVED A $340,578 PAYMENT FROM A NONQUALIFIED DEFERRED COMPENSATION PLAN.
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception
NEW PRESIDENT ENTERED INTO AN INITIAL CONTRACT WITH THE FOUNDATION EFFECTIVE JANUARY 15, 2024. NEW CFO ENTERED INTO AN INITIAL CONTRACT WITH THE FOUNDATION EFFECTIVE APRIL 27, 2024. BOTH CONTRACTS ARE SUBJECT TO THE INTITIAL CONTRACT EXCEPTION. PRESIDENT AND CFO ARE PAID A FIXED BI-MONTHLY SALARY BASED ON THESE CONTRACTS.

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

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 $1,703,896 · assets $15,070,312

    Directly controlled by TJFINC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202533209349301733

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.