Virginia Environmental Endowment FY2021 filing

Not tax-deductible

Richmond, VA501(c)(4)Since 1977EnvironmentEIN 54-1041973Revenue $1.6M in FY2021

On file with the IRSvee.orgPo Box 790, 23218-0790 · Richmond, VATax-exempt since Sep 1977

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The endowment's mission is to improve the quality of the environment by using its capital, expertise, and resources to fund projects and programs that encourage all sectors to work together to prevent pollution, improve water quality, restore the chesapeake bay, conserve natural resources, promote Environmental literacy and public awareness, and address emerging issues. Although accorded a national scope by its charter, the Endowment currently limits awards to eligible organizations and projects conducted primarily in the state of Virginia.

94¢ of each $1 spent went to programs.
$188K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $301K a year · 9% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$188K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$336K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$2.5M
To programs
94%
Net assets
$40.7M
By yearFY2021–FY2026
Revenue
$1.6M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2022$1.8M
FY2023$1.1M
FY2024$1.3M
FY2025$3.8M
FY2026$9.9M
Expenses
$2.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2.5M
FY2022$4.4M
FY2023$3.5M
FY2024$4.8M
FY2025$3.3M
FY2026$2.9M
Net assets
$40.7M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$40.7M
FY2022$38.8M
FY2023$33.8M
FY2024$33.1M
FY2025$31.9M
FY2026$32.2M

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Sep 1977.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $2.3M Management & general 6% · $150K

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

8 people listed on the 990; $188K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary, Executive Direc
$188,399Pt VII · Sec A
Senior Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph H Maroon’s $218K as Secretary, Executive Direc is at the 88th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Joseph H Maroon$217,635$206,667$203,881$195,269$187,150$188,399

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Virginia Environmental Endowment executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds projects to improve the environment, focusing on pollution prevention and resource conservation in Virginia and nearby river valleys.

Questions for Virginia Environmental Endowment

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2020
01

During fiscal year 2021, the endowment reviewed 52 proposals and awarded grants around $5,000,000 to 32 APPLICANTS.THE endowment made grants to organizations and projects in four grant programs: the virginia program, the kanawha and ohio river valleys program, the james river water quality improvement program (jrwqip) which focuses on…

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 200 grants · $12.8M · 2020–2025
James River AssociationVA · FY2025$478,669
Chesapeake Bay Foundation INCMD · FY2025$330,637
Virginia Polytechnic Institute and State University Biological Systems EngiFY2025$133,331
New River ConservancyNC · FY2025$98,850
Bay Journal Media INCMD · FY2025$50,000
Blue Sky FundVA · FY2025$50,000
Virginia Institute of Marine Science -Virginia Sea Grant (vasg)FY2025$40,000
Wetlands Watch INCVA · FY2025$40,000
The Elizabeth River ProjectVA · FY2025$35,000
Potomac Riverkeeper NetworkFY2025$35,000
The Potomac Conservancy INCMD · FY2025$30,000
Virginias United Land TrustsVA · FY2025$30,000
See all 200 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Investment incomeLn 3$1.6M
Money outPt IX
$2.5M
Ln 25
Programscol B$2.3M
Managementcol C$150K
Owns and owesPt X
$40.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$41.1M
LiabilitiesLn 26$336K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1.6M
Gains on assetsLn 7$1.0M
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$40.0M
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$41.1M
LiabilitiesLn 26$336K
Net assetsLn 32$40.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.2M$1.1M
InvestmentsLn 11–13$32.7M$40.0M
Land, buildings, equipmentLn 10c$8K$6K
Total assetsLn 16$37.9M$41.1M
LiabilitiesLn 26$7.9M$336K
Net assetsLn 32$30.0M$40.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.9M$1.9M
Pay of current officers, directors and key staffLn 5$225K$180K$45K
Other salaries and wagesLn 7$138K$111K$28K
Pension plan contributionsLn 8$14K$11K$3K
Other employee benefitsLn 9$36K$28K$7K
Payroll taxesLn 10$22K$18K$4K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$36K$36K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$5K$4K$936
OccupancyLn 16$40K$32K$8K
Depreciation, depletion and amortizationLn 22$2K$1K$359
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$34K$29K$4K
All other expensesLn 24e$807$645$162
Total functional expensesLn 25$2.5M$2.3M$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $9.9M$2.9M$7.0M$32.2M 990 PDF
FY2025 $3.8M$3.3M$561K$31.9M 990 PDF
FY2024 $1.3M$4.8M−$3.5M$33.1M 990 PDF
FY2023 $1.1M$3.5M−$2.3M$33.8M 990 PDF
FY2022 $1.8M$4.4M−$2.6M$38.8M 990 PDF
FY2021 Viewing $1.6M$2.5M−$902K$40.7M 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
See the full FY2021 990 (6 parts)
Part I · Summary $1,583,948 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $774,888$1,583,948
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $774,888$1,583,948
I-13 Grants and similar amounts paidPrior year $4,050,209$1,914,134
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $419,280$435,479
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $131,563$136,131
I-18 Total expensesPrior year $4,601,052$2,485,744
I-19 Revenue less expensesPrior year −$3,826,164−$901,796
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,583,948 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $583,099$583,099
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,000,849$1,000,849
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,583,948$1,583,948
Part IX · Statement of functional expenses $2,485,744 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,914,134$1,914,134
IX-5 Pay of current officers, directors and key staffPrograms $180,315 · Management $45,079$225,394
IX-7 Other salaries and wagesPrograms $110,749 · Management $27,687$138,436
IX-8 Pension plan contributionsPrograms $10,820 · Management $2,705$13,525
IX-9 Other employee benefitsPrograms $28,499 · Management $7,125$35,624
IX-10 Payroll taxesPrograms $18,000 · Management $4,500$22,500
IX-11c Accounting feesManagement $9,000$9,000
IX-11f Investment management feesManagement $36,493$36,493
IX-11g Other fees for servicesPrograms $6,500$6,500
IX-13 Office expensesPrograms $3,744 · Management $936$4,680
IX-16 OccupancyPrograms $31,886 · Management $7,971$39,857
IX-22 Depreciation, depletion and amortizationPrograms $1,434 · Management $359$1,793
IX-23 InsuranceManagement $3,291$3,291
IX-24 Other expenses (24a–d)Programs $29,368 · Management $4,342$33,710
IX-24e All other expensesPrograms $645 · Management $162$807
IX-25 Total functional expensesPrograms $2,336,094 · Management $149,650 · Fundraising $0$2,485,744
Part X · Balance sheet $41,074,927 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $5,159,239$1,113,089
X-10c Land, buildings and equipment, netStart of year $7,608$6,005
X-12 Other securitiesStart of year $32,727,533$39,955,833
X-16 Total assetsStart of year $37,896,426$41,074,927
X-18 Grants payableStart of year $7,920,298$336,020
X-26 Total liabilitiesStart of year $7,920,378$336,020
X-27 Net assets without donor restrictionsStart of year $17,576,836$22,139,460
X-28 Net assets with donor restrictionsStart of year $12,399,212$18,599,447
X-32 Total net assets or fund balancesStart of year $29,976,048$40,738,907
X-33 Total liabilities and net assetsStart of year $37,896,426$41,074,927
Part XI · Reconciliation of net assets $40,738,907 net assets at year end
XI-1 Total revenue$1,583,948
XI-2 Total expenses$2,485,744
XI-3 Revenue less expenses−$901,796
XI-4 Net assets at start of year$29,976,048
XI-5 Net unrealized gains (losses) on investments$4,108,607
XI-8 Prior period adjustments$7,556,048
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,738,907

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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