Overview
What is Historic Richmond Foundation?
Historic Richmond Foundation is a dedicated nonprofit organization based in Richmond, Virginia, specifically located at 4 East Main Street 1C. Their primary mission is to preserve and revitalize historical buildings, structures, and sites that reflect the rich history and culture of the Richmond area. This includes restoration projects, such as the Monumental Church, and neighborhood revitalization in areas like Jackson Ward and Church Hill. Their activities extend beyond physical restoration, involving maintenance, easement updates, and collaboration with organizations to ensure continued protection of historic properties. The foundation also encourages the rescue of neglected properties and provides assistance with restoration projects. Their goal is to enhance the economic benefit and cultural enrichment of the city by preserving its diverse historic buildings, neighborhoods, and places. The foundation employs a team of 8 individuals.
Official website here: www.historicrichmond.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Historic Richmond Foundation has achieved an impressive 96% rating from Charity Navigator, reflecting strong accountability and financial health. This score is based solely on their accountability and finance metrics, indicating a robust commitment to transparency and responsible management of funds. The foundation's fiscal practices are exemplary, with a program expense ratio of 73.59%, highlighting that a significant portion of their expenditures directly supports their mission.
The foundation boasts a fully independent board, with 100% of its members meeting independence criteria, ensuring unbiased governance. Their financial oversight is thorough, as evidenced by their strong scores in areas such as financial statements and asset management, where they have reported no material diversions of assets. Their policies related to conflict of interest, whistleblowing, and document retention are also well-articulated and publicly accessible.
While the Historic Richmond Foundation demonstrates a solid financial foundation and operational integrity, potential donors may want to explore the specific programs and initiatives funded by their budget to gain more insight into their impact and community engagement. Overall, the foundation stands out as a model of accountability among nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Richmond Foundation legitimate?
Historic Richmond Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Richmond 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,083
For more financial information, click here
Official website here: www.historicrichmond.com
What is the mission statement of Historic Richmond Foundation?
The Historic Richmond Foundation's mission is centered around preserving and promoting Richmond's diverse historical buildings, neighborhoods, and places. By doing so, the organization aims to stimulate revitalization and celebrate Richmond's distinctive architectural heritage. To accomplish these objectives, Historic Richmond acquires and sells historic properties, undertakes restoration projects, and conducts educational programs. These activities include restoring landmarks such as Monumental Church, revitalizing historic houses in neighborhoods like Jackson Ward and Church Hill, and maintaining St. John's Mews in Church Hill. Additional tasks involve updating and monitoring easements, working with organizations like the Commission of Architectural Review to protect historic properties, and supporting the rescue of neglected properties.
Official website here: www.historicrichmond.com
Who is the CEO of Historic Richmond Foundation?
Martha A Warthen is the President of Historic Richmond Foundation.
Official website here: www.historicrichmond.com
What is the revenue of Historic Richmond Foundation?
Historic Richmond Foundation's revenue in 2022 was $999,096.
Official website here: www.historicrichmond.com
Who are the executives of Historic Richmond Foundation and what are their salaries?
The average compensation at Historic Richmond Foundation during 2022 was $52,260. There are 8 employees and 150 volunteers at Historic Richmond Foundation.
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- Compensation: $172,558
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- Other: $5,597
Official website here: www.historicrichmond.com
Where can I find the form 990 for Historic Richmond Foundation?
Historic Richmond Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.historicrichmond.com
Learn more at the official website: www.historicrichmond.com
Mission Statement of Historic Richmond Foundation
Historic Richmond Foundation is dedicated to shaping the future of its community by preserving diverse historic buildings, neighborhoods, and places. This organization aims to spark revitalization and champion the distinctive architectural legacy of Richmond. Through various initiatives, Historic Richmond Foundation works towards preserving historic properties, structures, sites, and objects connected with the history and culture of the Richmond area. Their efforts include restoration projects, such as the Masonry and stucco repairs at Monumental Church, as well as neighborhood revitalization in historic neighborhoods like Jackson Ward and Church Hill. The foundation also provides ongoing maintenance for St. John's Mews in Church Hill and encourages the rescue of neglected properties. By preserving its historic heritage, Historic Richmond Foundation contributes to the economic benefit and cultural enrichment of the city.
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Impact
July, 2024
Historic Richmond Foundation's impact is significant in shaping the future of Richmond by preserving a diverse array of historic buildings, neighborhoods, and places. The organization's work sparks revitalization efforts and champions the city's distinctive architectural legacy. Through preservation programs that involve acquiring and maintaining historic properties, undertaking restoration projects, and conducting educational programs, Historic Richmond Foundation plays a crucial role in ensuring the economic benefit and cultural enrichment of the city. Their activities include restoration work on iconic sites like Monumental Church, neighborhood revitalization initiatives in historic areas like Jackson Ward and Church Hill, as well as ongoing maintenance efforts in places like St. John's Mews. Additionally, the Foundation collaborates with organizations like the Commission of Architectural Review to safeguard historic properties and encourages the rescue of neglected buildings, contributing to the overall preservation and enhancement of Richmond's historic landscape.
This information is meant to be a general summary of Historic Richmond 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: -$44,255
- Program Service Revenue: $34,744
- Gross Receipts: $3,944,303
Assets and Liabilities:
- Total Assets: $14,144,510
- Total Liabilities: $226,659
- Net Assets: $13,917,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$34,744
Organization Details
Founding Year
1956
Phone
(804) 643-7407Principal Officer
Martha A Warthen
Main Address
4 EAST MAIN STREET 1C, RICHMOND, VA, 23219
Website
www.historicrichmond.comNTEE Category
Code: A82Z - Arts
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