The Shockoe Foundation

Tax-deductible

Richmond, VA501(c)(3)Since 2023Arts & CultureEIN 92-3220399Revenue $194K in FY2025

On file with the IRS730 E Broad St, 23219-1850 · Richmond, VATax-exempt since Jun 2024Publicly supported charity — 170(b)(1)(A)(vi)

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The Shockoe institute is a national organization dedicated to revealing the evolution of american racial slavery, its enduring impact, and using the lessons of that history to improve our civic life.

501(c)(3) charity; gifts are tax-deductible.
25¢ of each $1 spent went to programs.
Run by 6 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 3
filings with a surplus
Average surplus $1.5M a year · 72% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
25%
of spending
Concern: 25% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$350K
to officers and key staff · 35% of spending
Top officer’s pay higher than 78% of similar orgs
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
26 mo
of spending, in cash
Looks good: 26.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $295K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$194K
-94% vs prior year
Spent
$986K
To programs
25%
Net assets
$4.5M
By yearFY2023–FY2025
Revenue
$194K
FY2025▼ -94%
Tap a bar for its year
Revenue by fiscal year
FY2023$3.0M
FY2024$3.1M
FY2025$194K
Expenses
$986K
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2023$4K
FY2024$756K
FY2025$986K
Net assets
$4.5M
FY2025▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2023$3.0M
FY2024$5.3M
FY2025$4.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2024.

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

Where the money goes

25 cents of each dollar spent went to programs.

Program services 25% · $249K Management & general 67% · $656K Fundraising 8% · $81K

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

10 people listed on the 990; $350K paid to officers and key staff.

Part VII, Section A · reportable compensation
President, CEO and Secretary
$180,000Pt VII · Sec A
Chief Operating Officer
$170,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio Director
$0Pt VII · Sec A
Ex-Officio Director
$0Pt VII · Sec A
Ex-Officio Director
$0Pt VII · Sec A

Marland Buckner’s $180K as President, CEO and Secretary is at the 78th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 3 named individuals · Part VII

NameFY2025FY2024
Marland Buckner$180,000$200,000
Todd Waldo$170,000$150,000
Erin Beck—$140,000

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 The Shockoe 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

Reveals slavery's lasting impact on America's shared experience.

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Provided by the organization

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1 program · $249K · in their own filed words · FY2025
01

Shockoe institute held a ceremonial groundbreaking in historic main street station on april 3 featuring local elected officials and partners. The interactive lab prototype experiences were held in alexandria and charlottesville in the early summer and fall.

$249Kprogram 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 2 funders$295K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$194K
Ln 12
Investment incomeLn 3$107K
Gifts and grantsLn 1h$87K
Money outPt IX
$986K
Ln 25
Programscol B$249K
Managementcol C$656K
Fundraisingcol D$81K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$4.6M
LiabilitiesLn 26$70K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Investment incomeLn 3$107K
Gains on assetsLn 7−$27
Total revenueLn 12$194K
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$0
Total assetsLn 16$4.6M
LiabilitiesLn 26$70K
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 55
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.9M$2.2M
Land, buildings, equipmentLn 10c$0$2.5M
Total assetsLn 16$5.4M$4.6M
LiabilitiesLn 26$38K$70K
Net assetsLn 32$5.3M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$445K$445K
Payroll taxesLn 10$34K$34K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$399K$186K$131K$81K
Information technologyLn 14$15K$15K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$31K$31K
Other expenses (24a–d)Ln 24$47K$32K$15K
Total functional expensesLn 25$986K$249K$656K$81K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $194K$986K−$792K$4.5M 990 PDF
FY2024 $3.1M$756K$2.4M$5.3M 990 PDF
FY2023 $3.0M$4K$3.0M$3.0M 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 FY2025 990 (6 parts)
Part I · Summary $194,089 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,933,935$86,687
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $184,525$107,402
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,118,460$194,089
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 $469,184$478,891
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $287,149$507,593
I-18 Total expensesPrior year $756,333$986,484
I-19 Revenue less expensesPrior year $2,362,127−$792,395
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $194,089 across 5 lines filed
VIII-1f All other contributions, gifts and grants$86,687
VIII-1h Total contributions, gifts and grants$86,687
VIII-3 Investment incomeExcluded from tax $107,429$107,429
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$27−$27
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $107,402$194,089
Part IX · Statement of functional expenses $986,484 across 8 lines filed
IX-7 Other salaries and wagesManagement $445,097$445,097
IX-10 Payroll taxesManagement $33,794$33,794
IX-11c Accounting feesManagement $13,280$13,280
IX-11g Other fees for servicesPrograms $186,425 · Management $131,313 · Fundraising $81,000$398,738
IX-14 Information technologyManagement $14,602$14,602
IX-17 TravelManagement $3,186$3,186
IX-19 Conferences, conventions and meetingsPrograms $30,696$30,696
IX-24 Other expenses (24a–d)Programs $32,208 · Management $14,883$47,091
IX-25 Total functional expensesPrograms $249,329 · Management $656,155 · Fundraising $81,000$986,484
Part X · Balance sheet $4,608,624 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,880,413$2,155,027
X-10c Land, buildings and equipment, netStart of year $0$2,453,597
X-15 Other assetsStart of year $22,534$0
X-16 Total assetsStart of year $5,369,832$4,608,624
X-17 Accounts payable and accrued expensesStart of year $18,500$70,008
X-25 Other liabilitiesStart of year $20,000$0
X-26 Total liabilitiesStart of year $38,500$70,008
X-27 Net assets without donor restrictionsStart of year $5,331,332$4,538,616
X-32 Total net assets or fund balancesStart of year $5,331,332$4,538,616
X-33 Total liabilities and net assetsStart of year $5,369,832$4,608,624
Part XI · Reconciliation of net assets $4,538,616 net assets at year end
XI-1 Total revenue$194,089
XI-2 Total expenses$986,484
XI-3 Revenue less expenses−$792,395
XI-4 Net assets at start of year$5,331,332
XI-5 Net unrealized gains (losses) on investments−$321
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,538,616

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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