Virginia Capitol Foundation

Public foundation / grantmaker Richmond, VA EIN 65-1210653 NTEE T30
Revenue
$72K
▲ +13%
FY2025 · Pt VIII · Ln 12
Expenses
$40K
▼ -38%
FY2025 · Pt IX · Ln 25
Net assets
$406K
FY2025 · Pt X · Ln 32
To programs
37%
FY2025 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$72K
FY2025▲ +13%
Expenses
$40K
FY2025▼ -38%

Preserves and restores Virginia's historic capitol square.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — The Seilheimer Foundation
$1K in the latest grant year. Details →
Spent on programs?
37% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
<$100K
↑ +13% vs prior year Details →

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Preserves and restores Virginia's historic capitol square.

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Richmond, VA
Filings
6 on file (2020–2025)
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Provided by the organization

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Where the money goes · FY2025
Where spending went · Part IX cols B–D
Program services $0.37 Management & general $0.39 Fundraising $0.24
Program efficiency
37%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
93.1mo
months of highly liquid reserves at operating expense rate▲ +79% vs prior filing year
Surplus margin
+45%
revenue over expenses, this year▲ ×38 vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$430K
FY2025▲ +8%
Total liabilities
$24K
FY2025▲ +1%
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$430K
Program-expense ratioPt IX · col B37%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CVirginia Capitol Foundation
EINHdr · item D65-1210653
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMar 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Colleen Messick’s $65K as Executive Director is at the 91st percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $15K of program spending, described in the organization's own filed words · FY2024.
01

Fundraising and program development efforts to accomplish the exempt purpose of providing funds to restore and preserve Virginia's historic capitol square.

$15Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$72K · 99%
Other revenue$367 · 1%
Contributions & grants99%$72K
Other revenue1%$367
Total revenueLn 12$72K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.37 Management & general $0.39 Fundraising $0.24
Program services37%$15K
Management & general39%$16K
Fundraising24%$9K
Total functional expensesLn 25$40K

Balance Sheet

Part X · end of year
CashLn 1$310K
Total assetsLn 16$430K
Total liabilitiesLn 26$24K
Total net assetsLn 32$406K
Months of cash on handcomputed93.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $310K · Operating expenses/yr $40K
93.1 months
Where the money goes
Program services
Program services $15K · Total expenses $40K
37%
Management & General
Management & general $16K · Total expenses $40K
39%
Fundraising
Fundraising $9K · Total expenses $40K
24%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $61K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $72K
99%
Government reliance
Government grants — · Total revenue $72K
—
Earned-income share
Program service revenue $0 · Total revenue $72K
0%
Investment reliance
Investment income $0 · Total revenue $72K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $40K
0%
Growth & trend
Revenue growth (YoY)
This year $72K · Prior year $64K
+13%
Revenue CAGR
FY2019 $253K · FY2024 $72K
-22%
Net-asset trend (YoY)
End of year $406K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $72K · Expenses $40K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $430K
—
Net-asset ratio
Net assets $406K · Total assets $430K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $430K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual G Paul Nardo · Reported title Director · Highest reported compensation $0 · Total expenses $40K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $40K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 37%——
Overhead ratio 39%——
Fundraising cost ratio 13%——
Revenue growth 13%——
Accounting fee ratio 10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$72K revenue · viewing · ⤓ 990 PDF
FY2024$64K revenue · ⤓ 990 PDF
FY2023$46K revenue · ⤓ 990 PDF
FY2022$43K revenue · ⤓ 990 PDF
FY2021$164K revenue · ⤓ 990 PDF
FY2020$253K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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