The Hermitage Foundation FY2022 filing

Tax-deductible

Norfolk, VA501(c)(3)EIN 54-0505909Revenue $319K in FY2022

On file with the IRShermitagefoundation.org7637 N Shore Rd, 23505-1730 · Norfolk, VATax-exempt since Aug 1953Supporting org, Type I — 509(a)(3)

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The Hermitage Foundation supports the Hermitage museum & gardens a not-for-profit museum.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $403K a year · 89% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$190K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$319K
-55% vs prior year
Spent
$868K
Net assets
$11.2M
By yearFY2020–FY2024
Revenue
$319K
FY2022▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$230K
FY2021$713K
FY2022$319K
FY2023$507K
FY2024$496K
Expenses
$868K
FY2022▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2020$611K
FY2021$609K
FY2022$868K
FY2023$1.3M
FY2024$923K
Net assets
$11.2M
FY2022▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.1M
FY2021$14.1M
FY2022$11.2M
FY2023$11.4M
FY2024$11.6M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1953.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 90% · $783K Operating & administrative 10% · $84K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See The Hermitage Foundation executive salaries →

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Programs and updates

Supports a museum and gardens, preserving art and history.

Questions for The Hermitage Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 1 grant · $763K · 2024–2024
The Hermitage Museum and GardensFY2024$763,436

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$763K
Median grantPart XV$763K
Largest grantPart XV$763K

By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$319K
Investment income$319K
Gifts and grants$36
Money out
$868K
Grants paid$783K
Running costs$84K
Owns and owes
$11.2M
net assets
Cash and savings$791K
Total assets$11.4M
Liabilities$190K
2In more detail
Revenue in detail
Gifts and grants$36
Investment income$319K
Total revenue$319K
Assets in detailEnd of year
Cash and savings together$791K
Total assets$11.4M
Liabilities$190K
Net assets$11.2M
Operations
Employees0
Volunteers0
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $496K$923K−$427K$11.6M 990 PDF
FY2023 $507K$1.3M−$764K$11.4M 990 PDF
FY2022 Viewing $319K$868K−$549K$11.2M 990 PDF
FY2021 $713K$609K$104K$14.1M 990 PDF
FY2020 $230K$611K−$381K$13.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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