Overview
What is Colonial Williamsburg Foundation?
The Colonial Williamsburg Foundation is a nonprofit organization dedicated to preserving and maintaining historical structures, objects, works of art, and locations. Through their efforts, they aim to encourage and carry on any historical, interpretive, research, or related educational activities. This includes restoring, reconstructing, or maintaining various historical sites and pieces to ensure their longevity and accuracy for future generations to appreciate and learn from.
Official website here: www.colonialwilliamsburg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star rating
The Colonial Williamsburg Foundation holds a remarkable Four-Star rating from Charity Navigator, reflecting its high level of accountability and transparency. With a score of 97% in the Accountability & Finance category, the organization demonstrates strong governance practices, such as maintaining a majority of independent board members and having robust audit and oversight committees.
Strengths of the foundation include its commitment to ethical financial management, as evidenced by the absence of any material diversion of assets and a low liabilities to assets ratio. Additionally, its program expense ratio of over 70% indicates a significant portion of its budget is allocated towards fulfilling its mission rather than on administrative costs, which is a positive sign for potential donors.
However, there are some noted limitations, particularly the absence of an audit posted on the organization's website, which can affect transparency. Furthermore, while the donor privacy policy is available, it is an opt-out system, which may not meet the preferences of all potential supporters. Overall, the Colonial Williamsburg Foundation showcases a strong commitment to its mission and financial health, despite minor areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Colonial Williamsburg Foundation legitimate?
Colonial Williamsburg Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colonial Williamsburg Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,057,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,091,152
For more financial information, click here
Official website here: www.colonialwilliamsburg.org
What is the mission statement of Colonial Williamsburg Foundation?
The Colonial Williamsburg Foundation is dedicated to preserving and maintaining historical structures, objects, works of art, and locations. They strive to promote and carry on various historical, interpretive, research, and educational activities. Through their efforts, they aim to encourage a deeper understanding and appreciation of history. The Foundation's mission encompasses the restoration, reconstruction, and maintenance of historical sites and items, as well as the dissemination of related knowledge and education to the public. Their work is essential in preserving the past for future generations.
Official website here: www.colonialwilliamsburg.org
Who is the CEO of Colonial Williamsburg Foundation?
Kevin Patrick is the President & Ceo of Colonial Williamsburg Foundation. The CEO's salary of Colonial Williamsburg Foundation is $577,470 and their total compensation is $695,672.
Official website here: www.colonialwilliamsburg.org
What is the revenue of Colonial Williamsburg Foundation?
Colonial Williamsburg Foundation's revenue in 2022 was $115,308,235.
Official website here: www.colonialwilliamsburg.org
Who are the executives of Colonial Williamsburg Foundation and what are their salaries?
The average compensation at Colonial Williamsburg Foundation during 2022 was $37,488. There are 1151 employees and 607 volunteers at Colonial Williamsburg Foundation.
Here are 44 key members and their salaries (Colonial Williamsburg Foundation's CEO's salary is $577,470 and their total compensation is $695,672):
- Compensation: $577,470
- Related: $0
- Other: $118,202
- Compensation: $546,119
- Related: $0
- Other: $112,537
- Compensation: $359,150
- Related: $0
- Other: $175,663
- Compensation: $387,692
- Related: $0
- Other: $125,927
- Compensation: $464,921
- Related: $0
- Other: $26,643
- Compensation: $348,161
- Related: $0
- Other: $102,950
- Compensation: $334,789
- Related: $0
- Other: $107,064
- Compensation: $382,441
- Related: $0
- Other: $55,300
- Compensation: $355,485
- Related: $0
- Other: $41,077
- Compensation: $327,315
- Related: $0
- Other: $52,122
- Compensation: $247,825
- Related: $0
- Other: $63,554
- Compensation: $244,826
- Related: $0
- Other: $56,750
- Compensation: $246,834
- Related: $0
- Other: $38,363
- Compensation: $211,344
- Related: $0
- Other: $30,825
- Compensation: $167,747
- Related: $0
- Other: $50,372
- Compensation: $164,611
- Related: $0
- Other: $49,097
- Compensation: $164,962
- Related: $0
- Other: $35,667
- Compensation: $162,923
- Related: $0
- Other: $36,786
- Compensation: $0
- Related: $149,979
- Other: $10,021
- Compensation: $78,165
- Related: $0
- Other: $1,704
- Compensation: $73,791
- Related: $0
- Other: $5,153
- Compensation: $54,000
- Related: $0
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Official website here: www.colonialwilliamsburg.org
Where can I find the form 990 for Colonial Williamsburg Foundation?
Colonial Williamsburg Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.colonialwilliamsburg.org
Learn more at the official website: www.colonialwilliamsburg.org
Mission Statement of Colonial Williamsburg Foundation
The Colonial Williamsburg Foundation dedicates itself to preserving, restoring, reconstructing, and maintaining historical structures, objects, works of art, and locations. This nonprofit organization goes beyond mere preservation; it actively encourages and carries on any historical, interpretive, research, or educational activities related to its mission. By doing so, the Colonial Williamsburg Foundation ensures that the historical significance of these resources endures for future generations.
In the third person, we can describe the Colonial Williamsburg Foundation's commitment to historical preservation as a passionate pursuit that encompasses a variety of approaches. By preserving historical structures, the organization ensures that the physical reminders of our past are protected for future study and appreciation. Restoration efforts bring these structures back to their original state, allowing visitors to experience history as it once was. Reconstruction projects help fill in the gaps, recreating missing pieces of history and providing a more complete picture of the past.
The educational aspect of the Colonial Williamsburg Foundation's mission is equally important. Through interpretive programs and research initiatives, the organization shares the stories and lessons of history with a wider audience. These efforts encourage a deeper understanding of our past and the role it plays in shaping the present. By promoting and carrying on these activities, the Colonial Williamsburg Foundation not only preserves historical resources but also fosters a greater appreciation for the richness and complexity of our collective history.
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Impact
October, 2024
The Colonial Williamsburg Foundation plays a crucial role in preserving and interpreting American history. Its impact is felt through the meticulous preservation, restoration, and reconstruction of historical structures, artifacts, and artworks. By maintaining these significant elements of the past, the Foundation not only safeguards the rich heritage of Williamsburg but also serves as a living museum that educates the public about the nation’s early history.
Through various interpretive and educational programs, the Foundation enhances understanding of historical events and culture for visitors of all ages. Its commitment to research and education fosters a deeper awareness of the social and political dynamics of the 18th century, encouraging an appreciation for the complexity of American history. This invaluable work not only enriches the local community but also attracts visitors from around the world, contributing to historical tourism and economic vitality in the region.
This information is meant to be a general summary of Colonial Williamsburg Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $31,685,584
- Program Service Revenue: $31,682,862
- Gross Receipts: $583,369,874
Assets and Liabilities:
- Total Assets: $1,661,208,452
- Total Liabilities: $386,370,323
- Net Assets: $1,274,838,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$16,206,646
Historic Area Rentals
Revenue
$836,134
Special Programs
Revenue
$3,293,570
Taverns & Colonial Houses
Revenue
$11,346,512
Organization Details
Founding Year
1928
Phone
(757) 229-1000Principal Officer
Kevin Patrick
Main Address
PO Box 1776, Williamsburg, VA, 23187
Website
www.colonialwilliamsburg.orgNTEE Category
Code: A800 - Arts
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