Form 990 for tax year 2023

Totals

Total revenue

$1,254,882

Total expenses

$4,782,133

Contributions and grants received

$0

Grants paid

$4,156,886

Program service revenue

$0

Investment income

$1,254,882

Other revenue

$0

Total assets, end of year

$33,633,125

Total liabilities, end of year

$524,074

Net assets or fund balances, end of year

$33,109,051

Program services expenses (Part IX)

$4,634,260

Management and general expenses

$147,873

Fundraising expenses

$0

Program service expenses (Part III)

$4,634,260

Program services were 96.9% 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.

Mission and programs · 2023

• THE ENDOWMENT MADE GRANTS TO ORGANIZATIONS AND PROJECTS IN FOUR GRANT PROGRAMS: THE VIRGINIA PROGRAM, THE KANAWHA AND OHIO RIVER VALLEYS PROGRAM, THE JAMES RIVER WATER QUALITY IMPROVEMENT PROGRAM (JRWQIP) WHICH FOCUSES ON PRODUCING SIGNIFICANT ON-THE-GROUND WATER QUALITY BENEFITS, AND THE COMMUNITY CONSERVATION PROGRAM. COMMUNITY CONSERVATION PROGRAM IS FUNDED BY $3 MILLION THAT VEE RECEIVED AS PART OF THE AGREEMENT THE COMMONWEALTH OF VIRGINIA MADE WITH THE COMPANY CONSTRUCTING THE MOUNTAIN VALLEY PIPELINE TO OFFSET IMPACTS FROM THE CLEARING OF THE PIPELINE PATH IN SOUTHWEST VIRGNIA.VIRGINIA PROGRAM GRANTS WERE MADE FOR PROJECTS THROUGHOUT THE COMMONWEALTH THAT ALIGNED WITH THE ENDOWMENT'S STRATEGIC PRIORITIES. THE PURPOSES OF THE VIRGINIA PROGRAM GRANTS INCLUDED ADVANCING LAND CONSERVATION, PROTECTING WATER QUALITY, ADVANCING ENVIRONMENTAL LITERACY, PROTECTING THE CHESAPEAKE BAY AND SUPPORTING COASTAL RESILIENCE AND CLIMATE ADAPTATION.THE JRWQIP GRANTS WERE MADE FOR PROJECTS THAT WILL LIKELY REDUCE THE AMOUNT OF NUTRIENT AND SEDIMENT POLLUTION FLOWING INTO THE JAMES RIVER BY MORE THAN FOUR MILLION POUNDS ANNUALLY. KANAWHA AND OHIO RIVER VALLEYS PROGRAM GRANTS SUPPORT IMPORTANT WATER QUALITY EFFORTS IN PORTIONS OF WEST VIRGINIA AND KENTUCKY.

  Expenses $4,634,260 · Grants $4,156,886

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• JAMES RIVER ASSOCIATION

  $539,291

  A FISHABLE, SWIMMABLE, AND DRINKABLE JAMES RIVER

• WETLANDS WATCH

  $225,554

  BUILDING LAND CONSERVATION AND FLOODPLAIN MANAGEMENT CAPACITY IN WESTERN VIRGINIA

• THE MOUNTAIN LAKE CONSERVANCY

  $106,975

  MOUNTAIN LAKE TRAIL NETWORK CONSERVATION & CONNECTION PROJECT

• SOUTHERN ENVIRONMENTAL LAW CENTER

  $40,000

  LEADERSHIP FOR ADVANCING SUSTAINABLE LAND USE AND LAND CONSERVATION IN VIRGINIA, PROMOTING COASTAL RESILIENCY, AND PROTECTING WATER QUALITY IN THE CHESAPEAKE BAY AND THROUGHOUT THE COMMONWEALTH

• VIRGINIA CONSERVATION NETWORK

  $40,000

  MAINTAINING MOMENTUM FOR CLEAN WATER IN THE COMMONWEALTH

• LAND TRUST ALLIANCE

  $30,000

  TO ADVANCE LAND CONSERVATION CAPACITY AND PARTNERSHIPS IN VIRGINIA

• POTOMAC RIVERKEEPER NETWORK

  $30,000

  VIRGINIA COAL ASH WORK

• THE NATURE CONSERVACY

  $30,000

  STEPPATHS TO CAREERS IN CONSERVATION

• VIRGINIA INSTITUTE OF MARINE SCIENCE

  $30,000

  COMMONWEALTH COASTAL AND MARINE POLICY FELLOWSHIP

• FRIENDS OF THE RAPPAHANNOCK

  $26,000

  LEVERAGING VOLUNTEERISM FOR RIVER PROTECTION

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

25 July 2024

IRS schema version

2023v5.1

Source object

202422089349300607

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.