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Nonprofiteer
← THE LIBRARY OF VIRGINIA FOUNDATION

Form 990 for tax year 2023

Filed by THE LIBRARY OF VIRGINIA FOUNDATION.

Totals

Total revenue
$936,653
Total expenses
$1,398,252
Contributions and grants received
$750,077
Grants paid
$0
Program service revenue
$0
Investment income
$141,131
Other revenue
$45,445
Total assets, end of year
$6,079,403
Total liabilities, end of year
$174,365
Net assets or fund balances, end of year
$5,905,038
Program services expenses (Part IX)
$674,542
Management and general expenses
$168,749
Fundraising expenses
$554,961
Program service expenses (Part III)
$674,542

Program services were 48.2% 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.

  • 1f · All other contributions, gifts and grants

    $750,077

  • 3 · Investment income

    total $123,936 · excluded $123,936

  • 7a · Gross sales of assets other than inventory

    securities $938,224

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

    securities $921,029

  • 7c · Gain or loss

    securities $17,195

  • 7d · Net gain or loss

    total $17,195 · related or exempt $17,195

  • 8a · Fundraising events: gross income

    $133,462

  • 8b · Fundraising events: direct expenses

    $70,965

  • 8c · Net income from fundraising events

    total $62,497 · excluded $62,497

  • 10a · Gross sales of inventory

    $106,761

  • 10b · Cost of goods sold

    $133,099

  • 10c · Net income from sales of inventory

    total -$26,338 · related or exempt -$26,338

  • 11a · Other revenue: OTHER

    total $9,286 · related or exempt $9,286

  • 11e · Other revenue, total

    $9,286

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $118,806 · program services $17,821 · management and general $47,522 · fundraising $53,463

  • 7 · Other salaries and wages

    total $223,872 · program services $19,874 · management and general $34,720 · fundraising $169,278

  • 8 · Pension plan contributions

    total $11,117 · program services $1,224 · management and general $2,668 · fundraising $7,225

  • 9 · Other employee benefits

    total $39,104 · program services $4,300 · management and general $9,385 · fundraising $25,419

  • 10 · Payroll taxes

    total $25,173 · program services $2,769 · management and general $6,042 · fundraising $16,362

  • 11c · Fees: accounting

    total $18,016 · management and general $18,016

  • 11e · Fees: professional fundraising services

    total $233,864 · fundraising $233,864

  • 11f · Fees: investment management

    total $28,902 · management and general $28,902

  • 11g · Fees: other

    total $10,492 · program services $10,492

  • 12 · Advertising and promotion

    total $33,286 · program services $33,286

  • 13 · Office expenses

    total $31,488 · program services $2,066 · management and general $11,961 · fundraising $17,461

  • 14 · Information technology

    total $11,636 · management and general $1,745 · fundraising $9,891

  • 22 · Depreciation, depletion and amortization

    total $3,008 · program services $3,008

  • 23 · Insurance

    total $4,650 · program services $1,550 · management and general $1,550 · fundraising $1,550

  • 24a · Other expenses: COLLECTION/ ACQUISITION

    total $282,671 · program services $282,671

  • 24b · Other expenses: EDUCATION/OUTREACH

    total $179,088 · program services $179,088

  • 24c · Other expenses: CONTRACT PROGRAM SERVIC

    total $109,705 · program services $109,705

  • 24d · Other expenses: OTHER

    total $33,374 · program services $6,688 · management and general $6,238 · fundraising $20,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,456 · end of year $191,554

  • 3 · Pledges and grants receivable

    beginning of year $733,325 · end of year $384,163

  • 4 · Accounts receivable

    beginning of year $8,399 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $58,004 · end of year $79,327

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,137 · end of year $19,228

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

    $89,701

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

    $65,965

  • 10c · Land, buildings and equipment, net

    beginning of year $31,571 · end of year $23,736

  • 11 · Investments: publicly traded securities

    beginning of year $4,928,388 · end of year $5,381,395

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,821 · end of year $66,485

  • 19 · Deferred revenue

    beginning of year $79,295 · end of year $106,880

  • 22 · Loans and payables to officers and key people

    beginning of year $3,500 · end of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,681,293 · end of year $1,778,776

  • 28 · Net assets with donor restrictions

    beginning of year $4,088,371 · end of year $4,126,262

Mission and programs · 2023

Mission

SUPPORT THE LIBRARY OF VIRGINIA

Activities or mission (Part I)

SUPPORT LIBRARY OF VIRGINIA

  • EXPENDITURES ARE MADE TO ASSIST THE STATE LIBRARY OF THE COMMONWEALTH OF VIRGINIA IN ITS MISSION TO ACQUIRE, PRESERVE AND MAINTAIN COLLECTIONS OF BOOKS, MAPS, DOCUMENTS, AND OTHER ARTIFACTS, PROGRAMS, EXHIBITS AND EVENTS HELD FOR THE PUBLIC TO PROMOTE CULTURAL AND HISTORICAL LITERACY THROUGHOUT THE COMMONWEALTH OF VIRGINIA.

    Expenses $674,542

As filed on the 2023 return.

Listed in Part VII

  • Lucia Anna Trigiani

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Julia Marsden

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Corynne S Arnett

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lara Wulff

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jack Catlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Hampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jordanna Kaufman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Papa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bessida Cauthorne White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Auerbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Brockwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzette Denslow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Dreyfus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bk Fulton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Parks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charlotte Porterfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Rainville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shareef Tahboub

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachael Lape

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott R Dodson

    EXECUTIVE DIRECTOR

    Total calculated
    $124,746
    From this org
    $118,806
    From related orgs
    $0
    Other
    $5,940
    Hours/week
    40

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
19 December 2024
IRS schema version
2023v5.1
Source object
202413549349301756

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