Virginia Capitol Foundation FY2020 filing

Tax-deductible

Richmond, VA501(c)(3)Foundations & GrantmakersEIN 65-1210653Revenue $253K in FY2020

On file with the IRSPo Box 396, 23218-0396 · Richmond, VATax-exempt since Mar 2004Publicly supported charity — 170(b)(1)(A)(vi)

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To support the restoration and preservation of Virginia's historic capitol square. See part III, Line 1.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $128K a year · 120% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
66 mo
of spending, in cash
Looks good: 65.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$718K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$253K
Spent
$314K
To programs
72%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$253K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$164K
FY2022$43K
FY2023$46K
FY2024$64K
FY2025$72K
Expenses
$314K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$314K
FY2021$906K
FY2022$32K
FY2023$54K
FY2024$65K
FY2025$40K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$372K
FY2022$384K
FY2023$375K
FY2024$374K
FY2025$406K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2004.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $227K Management & general 17% · $53K Fundraising 11% · $34K

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

15 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$65,353Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Virginia Capitol Foundation 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

Preserves and restores Virginia's historic capitol square.

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Provided by the organization

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1 program · $227K · in their own filed words · FY2019
01

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

$227Kprogram expense

Funders

Who pays for it.

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

Grants

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$253K
Ln 12
Gifts and grantsLn 1h$245K
Investment incomeLn 3$5K
Other incomeLn 4–11$3K
Money outPt IX
$314K
Ln 25
Programscol B$227K
Managementcol C$53K
Fundraisingcol D$34K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$1.8M
LiabilitiesLn 26$718K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$245K
Investment incomeLn 3$5K
Other incomeLn 4–11$3K
Total revenueLn 12$253K
Assets in detailPt X, end of year
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$5K
Total assetsLn 16$1.8M
LiabilitiesLn 26$718K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.7M
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$2.3M$1.8M
LiabilitiesLn 26$1.1M$718K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$36K$11K$6K$19K
Other salaries and wagesLn 7$8K$3K$1K$4K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$8K$4K$4K
Other fees for servicesLn 11g$64K$31K$32K
Office expensesLn 13$5K$652$2K$3K
OccupancyLn 16$49K$44K$2K$3K
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$131K$127K$3K$156
All other expensesLn 24e$9K$5K$964$3K
Total functional expensesLn 25$314K$227K$53K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $72K$40K$32K$406K 990 PDF
FY2024 $64K$65K−$804$374K 990 PDF
FY2023 $46K$54K−$9K$375K 990 PDF
FY2022 $43K$32K$11K$384K 990 PDF
FY2021 $164K$906K−$742K$372K 990 PDF
FY2020 Viewing $253K$314K−$61K$1.1M 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
See the full FY2020 990 (6 parts)
Part I · Summary $252,912 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $235,546$244,893
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $70,604$5,019
I-11 Other revenuePrior year $203,000$3,000
I-12 Total revenuePrior year $509,150$252,912
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $110,894$45,492
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $183,097$268,170
I-18 Total expensesPrior year $293,991$313,662
I-19 Revenue less expensesPrior year $215,159−$60,750
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $252,912 across 5 lines filed
VIII-1f All other contributions, gifts and grants$244,893
VIII-1h Total contributions, gifts and grants$244,893
VIII-3 Investment incomeExcluded from tax $5,019$5,019
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,000$3,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,019$252,912
Part IX · Statement of functional expenses $313,662 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $11,186 · Management $5,593 · Fundraising $19,304$36,083
IX-7 Other salaries and wagesPrograms $2,609 · Management $1,305 · Fundraising $4,449$8,363
IX-10 Payroll taxesFundraising $1,046$1,046
IX-11c Accounting feesPrograms $4,158 · Management $4,242$8,400
IX-11g Other fees for servicesPrograms $31,442 · Management $32,133$63,575
IX-13 Office expensesPrograms $652 · Management $1,917 · Fundraising $2,924$5,493
IX-16 OccupancyPrograms $44,346 · Management $2,333 · Fundraising $2,521$49,200
IX-22 Depreciation, depletion and amortizationManagement $1,285$1,285
IX-24 Other expenses (24a–d)Programs $127,357 · Management $3,429 · Fundraising $156$130,942
IX-24e All other expensesPrograms $5,205 · Management $964 · Fundraising $3,106$9,275
IX-25 Total functional expensesPrograms $226,955 · Management $53,201 · Fundraising $33,506$313,662
Part X · Balance sheet $1,832,031 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,098,993$1,717,968
X-3 Pledges and grants receivableStart of year $178,676$40,070
X-9 Prepaid expenses and deferred chargesStart of year $65,568$67,359
X-10c Land, buildings and equipment, netStart of year $3,219$1,934
X-15 Other assetsStart of year $4,700$4,700
X-16 Total assetsStart of year $2,276,494$1,832,031
X-17 Accounts payable and accrued expensesStart of year $5,033$21,042
X-25 Other liabilitiesStart of year $1,069,182$697,033
X-26 Total liabilitiesStart of year $1,074,215$718,075
X-27 Net assets without donor restrictionsStart of year $852,659$961,726
X-28 Net assets with donor restrictionsStart of year $349,620$152,230
X-32 Total net assets or fund balancesStart of year $1,202,279$1,113,956
X-33 Total liabilities and net assetsStart of year $2,276,494$1,832,031
Part XI · Reconciliation of net assets $1,113,956 net assets at year end
XI-1 Total revenue$252,912
XI-2 Total expenses$313,662
XI-3 Revenue less expenses−$60,750
XI-4 Net assets at start of year$1,202,279
XI-5 Net unrealized gains (losses) on investments−$27,573
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,113,956

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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