Civic Intelligence

The Hermitage Foundation

EIN 54-0505909 • 501(c)3 • Norfolk, VA

Profile

The hermitage foundation supports the hermitage museum & gardens a not-for-profit museum.

7637 North Shore RoadNorfolk, VA 23505

www.hermitagefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.09x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.22x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

4th percentile

-86%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$0

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

9th percentile

-12%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-2.1%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$12,669,691

Down $1,669,834 (-12%) from 2023

Liabilities

Down

$1,100,446

Down $1,865,197 (-63%) from 2023

Net Assets

Up

$11,569,245

Up $195,363 (+1.7%) from 2023

Revenue

Down

$496,000

Down $10,561 (-2.1%) from 2023

Expenses

Down

$923,391

Down $347,642 (-27%) from 2023

Net Income

Up

-$427,391

Up $337,081 (+44%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,314,406Liabilities 2011: $268,987Net Assets 2011: $5,045,4192011Assets 2012: $5,119,682Liabilities 2012: $328,867Net Assets 2012: $4,790,8152012Assets 2013: $4,957,365Liabilities 2013: $1,306Net Assets 2013: $4,956,0592013Assets 2014: $5,147,258Liabilities 2014: $8412014Assets 2015: $6,930,761Liabilities 2015: $0Net Assets 2015: $6,930,7612015Assets 2020: $13,121,387Liabilities 2020: $0Net Assets 2020: $13,121,3872020Assets 2021: $14,116,432Liabilities 2021: $0Net Assets 2021: $14,116,4322021Assets 2022: $11,394,518Liabilities 2022: $190,101Net Assets 2022: $11,204,4172022Assets 2023: $14,339,525Liabilities 2023: $2,965,643Net Assets 2023: $11,373,8822023Assets 2024: $12,669,691Liabilities 2024: $1,100,446Net Assets 2024: $11,569,2452024

Highlighted filing

2024

Assets$12,669,691
Liabilities$1,100,446
Net Assets$11,569,245

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $915,2892011Expenses 2012: $1,019,8382012Expenses 2013: $906,7682013Revenue 2014: $1,347,230Expenses 2014: $1,516,201Net Income 2014: -$168,9712014Revenue 2015: $3,102,609Expenses 2015: $1,189,959Net Income 2015: $1,912,6502015Revenue 2020: $230,264Expenses 2020: $610,898Net Income 2020: -$380,6342020Revenue 2021: $713,272Expenses 2021: $609,431Net Income 2021: $103,8412021Revenue 2022: $319,045Expenses 2022: $867,822Net Income 2022: -$548,7772022Revenue 2023: $506,561Expenses 2023: $1,271,033Net Income 2023: -$764,4722023Revenue 2024: $496,000Expenses 2024: $923,391Net Income 2024: -$427,3912024

Highlighted filing

2024

Revenue$496,000
Expenses$923,391
Net Income-$427,391

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$947,926
Mission and Program Overview

Mission

The hermitage foundation supports the hermitage museum & gardens a not-for-profit museum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,242,170$4,121,685▼ $120,485
Land, Buildings, and Equipment, Net$1,269,129$1,205,846▼ $63,283
Savings and Temporary Cash Investments$188,462$338,773▲ $150,311
Cash and Non-Interest-Bearing Accounts$1,175,030$64,715▼ $1,110,315
Total Assets$14,339,525$12,669,691▼ $1,669,834
Other Assets Total$7,464,734$6,938,672▼ $526,062
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,500,000$1,100,446▼ $1,399,554
Accounts Payable and Accrued Expenses$465,643--
Total Liabilities$2,965,643$1,100,446▼ $1,865,197
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,240,404$6,347,662▲ $1,107,258
Net Assets With Donor Restrictions$6,133,478$5,221,583▼ $911,895
Total Net Assets Fund Balance$11,373,882$11,569,245▲ $195,363
Total Liabilities and Net Assets / Fund Balance$14,339,525$12,669,691▼ $1,669,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$827,687$627,067$1,454,754
Other Land Buildings$294,682$338,674$633,356
Land$68,923-$68,923
Equipment$14,554$24,789$39,343
Other Assets Org$1,474,381--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Henery U HarrisChairman
Ann StokesDirector
Robert W McfarlandDirector
Jen DuncanExecutive Director
Alex ErvingOfficer
Ian HolderOfficer
Jane WrightOfficer
Pan CombsOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$37
Program Service Revenue
$0
Investment Income
$495,963
Other Revenue
$0
All Other Contributions
$37
Change in Net Assets
$-427,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$763,436
Other Expenses$159,955
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$763,436--$763,436
Interest-$81,135-$81,135
Depreciation Depletion-$57,636-$57,636
Fees for Service Investment Mgmnt Fees-$15,356-$15,356
Other Expenses-$5,648-$5,648
Office Expenses-$180-$180
Total Functional Expenses$763,436$159,955$0$923,391
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Hermitage Museum and GardensNorfolk, VA501(c)(3)Museum and Garden Support$763,436
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is seen by the executive commitee, but after filing.

Form 990, Part VI, Section C, Line 18

The 990 is available on guidestar.

Form 990, Part VI, Section C, Line 19

The governing documents are available on request. They are sent to granting agencies and donors on request as well.

Filing and Contact Details

Filer

Filer Name
The Hermitage Foundation
EIN
54-0505909
Phone
7574232052
Address
7637 NORTH SHORE ROAD, NORFOLK, VA 23505

Signing Officer

Name
Jen Duncan
Title
Executive Director
Phone
7574232052
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jen Duncan
Formed
1937
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Cavanaugh Nelson Plc
Address
999 WATERSIDE DRIVE SUITE 2250, NORFOLK, VA 23510
Preparer
Mark a Nelson
Phone
7575784900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

The hermitage annually files informational returns for exempt organizations with the irs and such returns are generally subject to irs examination for a period of three years from the time they were filed. Accordingly, the hermitage's returns for the years ended december 31, 2024, 2023 and 2022 remain subject to examination.

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IRS990ScheduleD/BuildingsGrp/BookValueAmt0827687
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0627067
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01454754
IRS990ScheduleD/EquipmentGrp/BookValueAmt014554
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024789
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039343
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt068923
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068923
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15464290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21474381
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ART COLLECTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BB&T TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0294682
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0338674
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0633356
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE HERMITAGE ANNUALLY FILES INFORMATIONAL RETURNS FOR EXEMPT ORGANIZATIONS WITH THE IRS AND SUCH RETURNS ARE GENERALLY SUBJECT TO IRS EXAMINATION FOR A PERIOD OF THREE YEARS FROM THE TIME THEY WERE FILED. ACCORDINGLY, THE HERMITAGE'S RETURNS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01205846
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06938672
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0763436
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MUSEUM AND GARDEN SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE HERMITAGE MUSEUM AND GARDENS
IRS990ScheduleI/RecipientTable/RecipientEIN0803329080
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07637 NORTH SHORE ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NORFOLK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023505
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0153823
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEN DUNCAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0153823
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS SEEN BY THE EXECUTIVE COMMITEE, BUT AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS AVAILABLE ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST. THEY ARE SENT TO GRANTING AGENCIES AND DONORS ON REQUEST AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE HERMITAGE MUSEUM AND GARDENS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0813329080
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12C, III-FI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07637 NORTH SHORE ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NORFOLK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023505
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt039000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1724436
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE HERMITAGE MUSEUM AND GARDENS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE HERMITAGE MUSEUM AND GARDENS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014339525
IRS990/TotalAssetsEOYAmt012669691
IRS990/TotalAssetsGrp/BOYAmt014339525
IRS990/TotalAssetsGrp/EOYAmt012669691
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt037
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0763436
IRS990/TotalFunctionalExpensesGrp/TotalAmt0923391
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02965643

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