Overview
What is Thomas Jefferson Foundation Inc?
The Thomas Jefferson Foundation Inc is a Charlottesville, Virginia-based nonprofit organization dedicated to preserving and sharing the history of Monticello, the historic home of Thomas Jefferson, the third U.S. president and author of the American Declaration of Independence. Annually attracting around 400,000 visitors, Monticello is a UNESCO World Heritage Site, and admission includes a guided tour of the architectural masterpiece. The Foundation's mission encompasses both preservation and education. Its restoration department focuses on maintaining Monticello while the curatorial collections are overseen by a full-time curatorial department. With a workforce of 398 employees, the organization contributes revenue from admissions, grants, and retail sales to the Foundation's preservation efforts for future generations.
Official website here: www.monticello.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Thomas Jefferson Foundation Inc has achieved a remarkable rating of 96%, indicating a strong commitment to accountability and financial health. This high score is derived entirely from their accountability and finance beacon, showcasing their effectiveness in managing resources and transparency in operations. The foundation's governance structure is particularly noteworthy, with a fully independent board consisting of 17 members, which enhances their credibility and decision-making processes.
Financially, the organization demonstrates sound practices, highlighted by a low liabilities to assets ratio of 14.32%, ensuring stability and sustainability. They maintain a robust program expense ratio of 76.84%, reflecting a significant portion of their budget dedicated to their mission-driven programs. Additionally, they have established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, further solidifying their responsible operational framework.
While the data points to a strong organizational performance, it remains essential for potential donors and supporters to continue monitoring such nonprofits to ensure they maintain these high standards over time. Overall, the Thomas Jefferson Foundation Inc exemplifies a well-managed nonprofit focused on transparency and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Thomas Jefferson Foundation Inc legitimate?
Thomas Jefferson Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas Jefferson Foundation Inc 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: $1,374,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,136,108
For more financial information, click here
Official website here: www.monticello.org
What is the mission statement of Thomas Jefferson Foundation Inc?
The Thomas Jefferson Foundation Inc is dedicated to preserving and protecting Monticello, the historic estate of Thomas Jefferson, ensuring its enhancement and preservation for future generations. The organization's educational mission involves interpreting and sharing the histories of Thomas Jefferson, his family, and those he enslaved, with a global audience, including scholars and the general public. The Foundation's vision for the twenty-first century is to bring history forward into national and global dialogues.
Official website here: www.monticello.org
Who is the CEO of Thomas Jefferson Foundation Inc?
Peter G Hallock is the Vp, Architecture & Fac of Thomas Jefferson Foundation Inc.
Official website here: www.monticello.org
What is the revenue of Thomas Jefferson Foundation Inc?
Thomas Jefferson Foundation Inc's revenue in 2022 was $56,873,096.
Official website here: www.monticello.org
Who are the executives of Thomas Jefferson Foundation Inc and what are their salaries?
The average compensation at Thomas Jefferson Foundation Inc during 2022 was $33,946. There are 398 employees and 94 volunteers at Thomas Jefferson Foundation Inc.
Here are 26 key members and their salaries:
- Compensation: $589,420
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- Other: $67,975
- Compensation: $340,330
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- Other: $33,198
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- Other: $15,460
- Compensation: $172,581
- Related: $0
- Other: $19,966
- Compensation: $169,320
- Related: $0
- Other: $17,157
- Compensation: $153,411
- Related: $0
- Other: $25,372
- Compensation: $148,184
- Related: $0
- Other: $16,513
- Compensation: $140,656
- Related: $0
- Other: $18,924
- Compensation: $150,072
- Related: $0
- Other: $6,754
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Official website here: www.monticello.org
Where can I find the form 990 for Thomas Jefferson Foundation Inc?
Thomas Jefferson Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monticello.org
Learn more at the official website: www.monticello.org
Mission Statement of Thomas Jefferson Foundation Inc
The Thomas Jefferson Foundation Inc is dedicated to preserving Monticello, the historical estate of Thomas Jefferson, and sharing the history and legacy of this founding father and those he held in slavery, with a global audience. The Foundation's mission is two-fold: preservation and education.
In terms of preservation, the Thomas Jefferson Foundation seeks to conserve, protect, and maintain Monticello in a manner that enhances and leaves it unimpaired for future generations. This involves the conservation of Monticello's buildings, gardens, and landscapes, as well as the collection and preservation of artifacts and documents related to Thomas Jefferson and Monticello.
The Foundation's education efforts aim to interpret and present Thomas Jefferson, his family, and those he held in slavery to the widest possible audiences. This includes scholars and the general public. Through various educational programs and interpretive offerings, the Thomas Jefferson Foundation seeks to bring history forward into national and global dialogues. The Foundation's vision for the twenty-first century is to use Monticello as a platform for exploring the complexities of Jefferson's life, legacy, and the larger historical context in which he lived.
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Impact
October, 2024
Thomas Jefferson Foundation Inc plays a crucial role in preserving Monticello and communicating the history and legacy of Thomas Jefferson, including the complex narratives surrounding his life and the lives of those he enslaved. By operating Monticello as a historic site, the foundation attracts around 400,000 visitors annually, fostering a deeper understanding of American history through its interpretive guided tours and educational programs.
The foundation's dual mission emphasizes both preservation and education. It ensures that Monticello—a UNESCO World Heritage site—remains meticulously maintained for future generations while also engaging a broad audience in discussions about Jefferson's contributions and contradictions. This approach allows it to contextualize Jefferson within contemporary dialogues about democracy, equality, and human rights.
Revenue generated from admissions, gifts, grants, and retail operations supports ongoing preservation efforts and enhances visitor experiences. The foundation’s commitment to restoration and care of its historical collections not only safeguards the architectural integrity of Monticello but also enriches the educational narratives presented to visitors, including scholars and the public.
Through its initiatives, the Thomas Jefferson Foundation cultivates a platform for exploring historical complexities, engaging in national and global conversations that resonate with today’s societal issues.
This information is meant to be a general summary of Thomas Jefferson Foundation Inc. 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: $28,266,575
- Program Service Revenue: $10,261,497
- Gross Receipts: $327,596,260
Assets and Liabilities:
- Total Assets: $353,952,978
- Total Liabilities: $50,706,568
- Net Assets: $303,246,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION FEES
Revenue
$9,421,508
FOOD SERVICE SALES
Revenue
$489,909
OTHER PROGRAM INCOME
Revenue
$350,080
Organization Details
Founding Year
1923
Phone
(434) 984-9800Principal Officer
Peter G Hallock
Main Address
PO Box 316, Charlottesville, VA, 22902
Website
www.monticello.orgNTEE Category
Code: A540 - Arts
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