Civic Intelligence

Virginia Foundation for The

EIN 54-1435523 • 501(c)3 • Charlottesville, VA

Profile

Financial support for educational programs and services to the community, educational institutions and other civic organizations.

946 Grady Ave Ste 100Charlottesville, VA 22903

virginiahumanities.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.37x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

1.03x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

14th percentile

-14%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

52nd percentile

$190,883

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

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

Asset Growth

24th percentile

-2.6%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

27th percentile

-3.7%

Faster revenue growth than 27% of similar nonprofits.

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

Assets

Down

$19,147,451

Down $506,923 (-2.6%) from 2023

Liabilities

Down

$7,138,293

Down $120,996 (-1.7%) from 2023

Net Assets

Down

$12,009,158

Down $385,927 (-3.1%) from 2023

Revenue

Down

$6,922,641

Down $264,574 (-3.7%) from 2023

Expenses

Up

$7,895,433

Up $556,599 (+7.6%) from 2023

Net Income

Down

-$972,792

Down $821,173 (-542%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $4,517,207Liabilities 2011: $435,725Net Assets 2011: $4,081,4822011Assets 2012: $7,695,329Liabilities 2012: $2,727,794Net Assets 2012: $4,967,5352012Assets 2013: $6,467,913Liabilities 2013: $1,927,756Net Assets 2013: $4,540,1572013Assets 2014: $7,315,573Liabilities 2014: $1,151,501Net Assets 2014: $6,164,0722014Assets 2015: $6,597,917Liabilities 2015: $750,580Net Assets 2015: $5,847,3372015Assets 2016: $6,674,572Liabilities 2016: $1,250,530Net Assets 2016: $5,424,0422016Assets 2017: $8,431,648Liabilities 2017: $1,138,906Net Assets 2017: $7,292,7422017Assets 2018: $9,972,118Liabilities 2018: $1,001,348Net Assets 2018: $8,970,7702018Assets 2019: $10,166,315Liabilities 2019: $599,473Net Assets 2019: $9,566,8422019Assets 2020: $10,501,461Liabilities 2020: $687,946Net Assets 2020: $9,813,5152020Assets 2021: $13,497,972Liabilities 2021: $741,826Net Assets 2021: $12,756,1462021Assets 2022: $13,561,447Liabilities 2022: $874,438Net Assets 2022: $12,687,0092022Assets 2023: $19,654,374Liabilities 2023: $7,259,289Net Assets 2023: $12,395,0852023Assets 2024: $19,147,451Liabilities 2024: $7,138,293Net Assets 2024: $12,009,1582024

Highlighted filing

2024

Assets$19,147,451
Liabilities$7,138,293
Net Assets$12,009,158

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,620,033Expenses 2011: $3,751,111Net Income 2011: -$131,0782011Revenue 2012: $5,433,765Expenses 2012: $4,527,346Net Income 2012: $906,4192012Expenses 2013: $5,554,5542013Revenue 2014: $6,780,130Expenses 2014: $5,549,832Net Income 2014: $1,230,2982014Revenue 2015: $5,003,932Expenses 2015: $5,374,384Net Income 2015: -$370,4522015Revenue 2016: $5,235,752Expenses 2016: $5,477,905Net Income 2016: -$242,1532016Revenue 2017: $6,988,637Expenses 2017: $5,403,654Net Income 2017: $1,584,9832017Revenue 2018: $6,765,624Expenses 2018: $5,469,423Net Income 2018: $1,296,2012018Revenue 2019: $6,493,549Expenses 2019: $6,010,468Net Income 2019: $483,0812019Revenue 2020: $6,761,513Expenses 2020: $6,511,456Net Income 2020: $250,0572020Revenue 2021: $6,667,303Expenses 2021: $4,566,500Net Income 2021: $2,100,8032021Revenue 2022: $7,371,860Expenses 2022: $7,028,563Net Income 2022: $343,2972022Revenue 2023: $7,187,215Expenses 2023: $7,338,834Net Income 2023: -$151,6192023Revenue 2024: $6,922,641Expenses 2024: $7,895,433Net Income 2024: -$972,7922024

Highlighted filing

2024

Revenue$6,922,641
Expenses$7,895,433
Net Income-$972,792

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.1$7.14$12.0$6.92$7.90$0.97
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$7.26$12.4$7.19$7.34$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$0.87$12.7$7.37$7.03$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.74$12.8$6.67$4.57$2.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.69$9.81$6.76$6.51$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$0.60$9.57$6.49$6.01$0.48
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.97$1.00$8.97$6.77$5.47$1.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.43$1.14$7.29$6.99$5.40$1.58
2016Detailed filing. Detailed filing data is available for this year.$6.67$1.25$5.42$5.24$5.48$0.24
2015Detailed filing. Detailed filing data is available for this year.$6.60$0.75$5.85$5.00$5.37$0.37
2014Detailed filing. Detailed filing data is available for this year.$7.32$1.15$6.16$6.78$5.55$1.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$1.93$4.54$5.55
2012Summary only. Only limited summary data is available for this year.$7.70$2.73$4.97$5.43$4.53$0.91
2011Summary only. Only limited summary data is available for this year.$4.52$0.44$4.08$3.62$3.75$0.13
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 2, 2022
Return Version
2020v4.0
Gross Receipts
$6,675,815
Mission and Program Overview

Mission

Financial support for educational programs and services to the community, educational institutions and other civic organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,262,179$7,520,272▲ $2,258,093
Cash and Non-Interest-Bearing Accounts$4,336,881$3,893,137▼ $443,744
Land, Buildings, and Equipment, Net$13,572$1,506,061▲ $1,492,489
Prepaid Expenses and Deferred Charges$22,274$24,969▲ $2,695
Pledges and Grants Receivable$194,525$14,938▼ $179,587
Total Assets$10,501,461$13,497,972▲ $2,996,511
Other Assets Total$672,030$538,595▼ $133,435
Liabilities
Accounts Payable and Accrued Expenses$366,455$589,246▲ $222,791
Grants Payable$321,491$152,580▼ $168,911
Total Liabilities$687,946$741,826▲ $53,880
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,668,287$9,305,063▲ $2,636,776
Net Assets With Donor Restrictions$3,145,228$3,451,083▲ $305,855
Total Net Assets Fund Balance$9,813,515$12,756,146▲ $2,942,631
Total Liabilities and Net Assets / Fund Balance$10,501,461$13,497,972▲ $2,996,511

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,085,172$57,114$1,142,286
Equipment$420,889$32,376$453,265

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,470,408$33,978▲ $1,370,122-$4,794,047
2019$3,276,585$81,852▲ $141,521-$3,470,408
2018$2,877,879$321,255▲ $133,271-$3,276,585
2017$2,575,039$105,815▲ $249,325-$2,877,879
2016$2,583,302$4,035▲ $266,813-$2,575,039
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Matthew S GibsonExecutive DiFT$182,249$182,249

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,240,112
Program Service Revenue
$209,806
Investment Income
$1,217,360
Other Revenue
$25
All Other Contributions
$1,464,334
Change in Net Assets
$2,100,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,667,303
Revenue Not Reported on Form 990
$1,268,618
Total Revenue per Audited Statements
$7,935,921
Total Revenue per Form 990
$6,667,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,256,593
Other Expenses$1,016,889
Total Fundraising Expense$364,212
Grants and Similar Amounts Paid$293,018
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,675,735$317,624$144,785$2,138,144
Other Employee Benefits$468,030$94,378$56,454$618,862
Grants to Domestic Orgs$293,018--$293,018
Occupancy$153,177$52,739$12,569$218,485
Fees for Services Other$169,800$38,236$2,171$210,207
Current Officers, Directors, Trustees, and Key Employees$45,562$45,562$91,125$182,249
Payroll Taxes$141,143$17,488$18,018$176,649
Pension Plan Contributions$112,411$13,928$14,350$140,689
Office Expenses$107,264$1,315$7,739$116,318
Depreciation Depletion-$94,550-$94,550
Conferences and Meetings$58,181$856$7,984$67,021
Information Technology$59,203$5,690$626$65,519
Advertising$23,146--$23,146
Fees for Services Accounting-$14,860-$14,860
Other Expenses$8,546$3,693$2,500$12,239
All Other Expenses$2,777$3,631$745$7,153
Insurance-$3,505-$3,505
Travel$1,158$149$204$1,511
Total Functional Expenses$3,397,510$804,778$364,212$4,566,500

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,993,290
Expenses per Audited Statements$4,566,500
Total Expenses per Form 990$4,566,500
Expenses Not Reported on Form 990$426,790
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Association of MuseumsRichmond, VA3Museum Support$50,000
Neh Cares Act Passthrough-3Cares Act - 5 Orgs.$14,000
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Prior to filing the form 990, the finance committee reviews the return for accuracy and completeness.

Form 990, Page 6, Part VI, Line 12C

The organization's conflict of interest policy is monitored by the president. Any violations are reported to the university of virginia. (vfhpp is an affiliate of the university).

Form 990, Page 6, Part VI, Line 15A

Uva and the board of directors periodically reviews and approves the compensation of the top management official.

Form 990, Page 6, Part VI, Line 19

As an affiliate of uva the organization is required to adhere to the university's policies. All uva policies are available to the public via their website. Form 990 is also publicly available on guidestar.org.

Filing and Contact Details

Filer

Filer Name
Virginia Foundation for the
EIN
54-1435523
Phone
4349243296
Address
946 GRADY AVE STE 100, CHARLOTTESVILLE, VA 22903
Doing Business As
Virginia Humanities

Signing Officer

Name
Matthew S Gibson
Title
Executive Director
Phone
4349243296
Signed
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew S Gibson
Formed
1974
Voting Board Members
26
Independent Board Members
26
Employees
0
Volunteers
427

Preparer

Firm
Robinson Farmer Cox Associates
Address
530 WESTFIELD RD, CHARLOTTESVILLE, VA 22901-1726
Preparer
Joshua a Roller
Phone
4349738314
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

SEE ATTACHMENT A.

Form 990, Part XI, Line 9

Return of grant funds -418,278

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation's endowments consist of seven individual funds established for a variety of purposes.

Schedule D, Page 4, Part XI, Line 2D

Loss on disposal of assets 8,512

Schedule D, Page 4, Part XII, Line 2D

Loss on disposal of assets 8,512 return of grant funds 418,278

Raw XML AppendixShowing 400 of 671 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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