Overview
What is Virginia Capitol Foundation?
The Virginia Capitol Foundation is a nonprofit organization situated in Richmond, Virginia. Its primary goal is to raise funds and develop programs in support of preserving and restoring Virginia's historic capitol square, which encompasses significant landmarks such as the state capitol building, executive mansion, bell tower, state office buildings, and the surrounding grounds. The foundation aims to enhance these properties by restoring, preserving, and acquiring art, artifacts, furnishings, historic finishes, and landscaping. Additionally, they aim to establish an endowment fund to perpetuate their charitable activities, ensuring the long-term maintenance and educational value of these historic sites.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Stars
The Virginia Capitol Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The charity's overall score is a solid 94%, indicating robust financial health, with no material diversions of assets reported and compliance with essential governance policies like conflict of interest and whistleblower protections.
The foundation boasts a fully independent board, which is a positive aspect for transparency and accountability. With a program expense ratio of 92.82%, a significant majority of its resources are directed towards its charitable activities, demonstrating a commitment to effectively utilizing donations for their intended purpose.
While the foundation exhibits many strengths, the data does not highlight any significant limitations. The strong accountability practices and financial management suggest that it operates with a high level of integrity, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Capitol Foundation legitimate?
Virginia Capitol Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Capitol 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.
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What is the mission statement of Virginia Capitol Foundation?
The Virginia Capitol Foundation's mission is focused on supporting the restoration and preservation of historical properties. Specifically, it aims to enhance the state capitol building, executive mansion, bell tower, state office buildings, and grounds by providing funds for restorations, preservations, acquisitions, and interpretations of art, artifacts, furnishings, historic finishes, landscaping, and other relevant materials. This mission also involves establishing an endowment fund to perpetuate these charitable activities, thereby strengthening the educational opportunities these historic properties offer.
Who is the CEO of Virginia Capitol Foundation?
Harry F Byrd Iv is the Director of Virginia Capitol Foundation.
What is the revenue of Virginia Capitol Foundation?
Virginia Capitol Foundation's revenue in 2023 was $45,628.
Who are the executives of Virginia Capitol Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Virginia Capitol Foundation?
Virginia Capitol Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Virginia Capitol Foundation
The Virginia Capitol Foundation is dedicated to the restoration and preservation of Virginia's historic capitol square. Their mission involves providing financial support to restore, preserve, acquire, and interpret various elements that contribute to the historical significance of the state capitol building, executive mansion, bell tower, state office buildings, and the surrounding grounds. These elements include art, artifacts, furnishings, historic finishes, landscaping, and other materials that enhance the aesthetic and educational value of these historic properties. The organization also aims to establish an endowment fund to sustain these charitable activities, ensuring their continuation for future generations. By undertaking these tasks, the Virginia Capitol Foundation plays a crucial role in safeguarding and promoting the historical and educational importance of Virginia's capitol square.
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Impact
August, 2024
The Virginia Capitol Foundation's impact is evident in its dedicated efforts to support the restoration and preservation of Virginia's historic capitol square. By engaging in fundraising and program development activities, the foundation plays a crucial role in providing funds for the restoration and preservation of significant elements such as the state capitol building, executive mansion, bell tower, state office buildings, and grounds. Through its mission to enhance educational opportunities, acquire and interpret art and artifacts, and strengthen historic properties, the foundation contributes towards preserving Virginia's rich cultural heritage for future generations. The establishment of an endowment fund further ensures the perpetuation of these charitable activities, making a lasting impact on the preservation of historic landmarks in the state.
This information is meant to be a general summary of Virginia Capitol 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 2023.
- Gross Receipts: $45,628
Assets and Liabilities:
- Total Assets: $406,518
- Total Liabilities: $31,547
- Net Assets: $374,971
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Organization Details
Founding Year
2003
Phone
(804) 786-1012Principal Officer
Harry F Byrd Iv
Main Address
PO Box 396, Richmond, VA, 23218
NTEE Category
Code: T30 - Philanthropy
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