Overview
What is Virginia Museum Of Fine Arts Foundation?
The Virginia Museum of Fine Arts Foundation, established in 1976, is a nonprofit organization committed to supporting its sister institution, the Virginia Museum of Fine Arts (Museum), an agency of the Commonwealth of Virginia. The Foundation's primary role includes managing the Museum's institutional advancement program through comprehensive fundraising efforts. Additionally, it invests and manages private assets such as endowments and owns and maintains real estate used by the Museum for programming and administrative functions. All activities are carried out at the request of the Museum's Board of Trustees. The Foundation's mission enhances the Museum's ability to collect, preserve, exhibit, and interpret art, encourage the study of the arts, and enrich the lives of Virginia citizens. With a team of 34 employees, the Foundation's initiatives significantly contribute to the Museum's success.
Is Virginia Museum Of Fine Arts Foundation legitimate?
Virginia Museum Of Fine Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Museum Of Fine Arts Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $999,642
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,052,667
For more financial information, click here
What is the mission statement of Virginia Museum Of Fine Arts Foundation?
The Virginia Museum of Fine Arts Foundation was established in 1976 to assist the Virginia Museum of Fine Arts in achieving its objectives. The Foundation's mission is to raise funds and cultivate donors, as well as manage and invest private assets, to support the Museum. This support enables the Museum to amass, preserve, showcase, and interpret art, encouraging the study of the arts and enhancing the lives of Virginia residents by enriching their cultural experiences.
Who is the CEO of Virginia Museum Of Fine Arts Foundation?
Andrew M Harris is the President of Virginia Museum Of Fine Arts Foundation.
What is the revenue of Virginia Museum Of Fine Arts Foundation?
Virginia Museum Of Fine Arts Foundation's revenue in 2022 was $55,007,119.
Who are the executives of Virginia Museum Of Fine Arts Foundation and what are their salaries?
The average compensation at Virginia Museum Of Fine Arts Foundation during 2022 was $60,362. There are 34 employees and 120 volunteers at Virginia Museum Of Fine Arts Foundation.
Here are 36 key members and their salaries:
- Tom Gutenberger (Deputy Director Of Advancement)
- Alexander L Nyerges (Chief Operating Officer)
- Hossein Sadid (Chief Financial Officer)
- Sarah Hendricks (Manager Of Individual Giving)
- Hazel Duncan (Director Of Accounting)
- Mary S Swanson (Manager Of Institutional Giving)
- Stanley J Olander Jr (President) [Trustee/Director]
- Ting Xu (Vice-President) [Trustee/Director]
- Charles M Johnson Iii (Treasurer) [Trustee/Director]
- Denise F Keane (Secretary) [Trustee/Director]
- Farhad Aghdami (Director)
- Kelly B Armstrong (Director)
- Michael C Bisceglia (Director)
- Liz Blue (Director)
- Page E Corey (Director)
- Mary C Frediani (Director)
- Carolyn Garner (Director)
- Tyler Harris (Director)
- Charles T Hodges (Director)
- Barbara Noble Howard (Director)
- Brian Jackson (Director)
- Eucharia N Jackson (Director)
- Charlotte B Mcgee (Director)
- Richard B Olson (Director)
- Richard L Ramsey (Director)
- J Sargeant Reynolds Jr (Director)
- Agustin E Rodriguez (Director)
- Brock Saunders (Director)
- Michael Schewel (Director)
- Jennifer L Schooley (Director)
- Jennifer L Sisk (Director)
- John R Staelin (Director)
- Deborah Valentine (Director)
- Edward W Valentine (Director)
- G Randolph Webb Jr (Director)
- Michael D Williams (Director)
Where can I find the form 990 for Virginia Museum Of Fine Arts Foundation?
The Virginia Museum Of Fine Arts Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Virginia Museum Of Fine Arts Foundation
The Virginia Museum of Fine Arts Foundation, or VMFA Foundation, was established in 1976 with a mission to support the Virginia Museum of Fine Arts (Museum) in its endeavors. The Foundation accomplishes this by overseeing a comprehensive fundraising program and managing private assets, such as endowments. To further enhance the Museum's ability to collect, preserve, exhibit, and interpret art, the Foundation invests these assets wisely. By doing so, the VMFA Foundation enriches the lives of Virginia's citizens and encourages the study of the arts.
The VMFA Foundation plays a crucial role in advancing the Virginia Museum of Fine Arts' mission. The Foundation's fundraising efforts enable the Museum to expand its reach and offerings, allowing it to serve a broader audience. Through these campaigns, the Foundation raises essential funds to support the Museum's operations, acquisitions, and educational programs. Additionally, the Foundation's management of private assets ensures the Museum has a steady financial base, enabling it to focus on its core mission without financial concerns.
The VMFA Foundation's support extends beyond financial resources. Its strategic investments in the Museum's infrastructure enhance the organization's overall capacity. By maintaining pieces of real estate used by the Museum for programming and administrative functions, the Foundation ensures the Museum has the necessary space to carry out its mission effectively. This support, administered at the request of the Museum's Board of Trustees, enhances the Virginia Museum of Fine Arts' ability to serve its visitors and enrich their lives through the power of art.
Impact
This information is meant to be a general summary of Virginia Museum Of Fine Arts Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Virginia Museum of Fine Arts Foundation's impact lies in its comprehensive fund-raising efforts to support the Virginia Museum of Fine Arts. By managing the private institutional advancement program and investing private assets like endowments, the Foundation enhances the Museum's ability to collect, preserve, exhibit, and interpret art. This support enriches the lives of the citizens of Virginia by encouraging the study of the arts and promoting cultural enrichment.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1976
Phone
(804) 340-1515
Principal Officer
Andrew M Harris
Main Address
201 N ARTHUR ASHE BOULEVARD, RICHMOND, VA, 232204007
NTEE Category
Code: A51 - Arts
If you are a representative of Virginia Museum Of Fine Arts Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.