Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Virginia Museum Real Estate Foundation
EIN 54-1630084 • 501(c)3 • Richmond, VA
Profile
The foundation was formed for the purpose of holding title to, developing, leasing, managing, encumbering, and selling property and collecting income and capital gains, therefrom, for the benefit of the virginia museum of fine arts foundation. Id# 51-0205333
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.13x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$413,705
Down $39,093 (-8.6%) from 2013
Liabilities
Up$54,050
Up $37,526 (+227%) from 2013
Net Assets
Down$359,655
Down $76,619 (-18%) from 2013
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$40,699
Up $3,002 (+8.0%) from 2013
Net Income
-
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $413,705
- Liabilities
- $54,050
- Net assets
- $359,655
- Revenue
- -
- Expenses
- $40,699
- Net income
- -
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- Feb 2, 2015
- Return Version
- 2013v4.0
- Gross Receipts
- $0
Mission and Program Overview
Mission
The foundation was formed for the purpose of holding title to, developing, leasing, managing, encumbering, and selling property and collecting income and capital gains, therefrom, for the benefit of the virginia museum of fine arts foundation. Id# 51-0205333
Program Services
| Description | Grants | Expenses |
|---|---|---|
| REAL ESTATE MANAGEMENT AND OTHER SERVICES RELATED TO REAL PROPERTY HELD IN SUPPORT OF THE VIRGINIA MUSEUM OF FINE ARTS. | $0 | $40,699 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOHN MR REED | President/Director | - | $0 | - | - |
| MONROE E HARRIS JR | Vice President/Director | - | $0 | - | - |
| S PIERCE WAMSLEY V | Treasurer/Director | - | $0 | - | - |
| BENJAMIN W RAWLES III | Director Through October 2013 | - | $0 | - | - |
| STANLEY J OLANDER JR | Director | - | $0 | - | - |
| MICHAEL J SCHEWEL | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 54-1630084
- Phone
- 8043401515
Signing Officer
- Name
- Hossein Sadid
- Title
- Chief Financial Officer Vmfaf
- Phone
- 8043401515
- Signed
- 2015-02-02
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Angela Cain
- Phone
- 8042827636
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 28,448. Description: other expenses. Amount: 12,251. Total to form 990-ez, line 14: 40,699.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: transfer of funds to vmfaf, ein: 51-0205333. Amount: -35,920.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other assets. Beg. Of year amount: 4,884. End of year amount: 0. Description: other depreciable assets. Beg. Of year amount: 343,586. End of year amount: 315,139.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 156. End of year amount: 334. Description: due to affiliates. Beg. Of year amount: 16,368. End of year amount: 53,716.”
Raw XML Appendix151 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | THE FOUNDATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8043401507 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 200 N BOULEVARD |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | RICHMOND |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 232204007 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 104328 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 98566 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -40699 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 452798 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 413705 |
| IRS990EZ/GrossReceiptsAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 436274 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 359655 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 436274 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 359655 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 40699 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOHN MR REED |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MONROE E HARRIS JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | S PIERCE WAMSLEY V |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | BENJAMIN W RAWLES III |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | STANLEY J OLANDER JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MICHAEL J SCHEWEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT/DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT/DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER/DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR THROUGH OCTOBER 2013 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 348470 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 315139 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -35920 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION WAS FORMED FOR THE PURPOSE OF HOLDING TITLE TO, DEVELOPING, LEASING, MANAGING, ENCUMBERING, AND SELLING PROPERTY AND COLLECTING INCOME AND CAPITAL GAINS, THEREFROM, FOR THE BENEFIT OF THE VIRGINIA MUSEUM OF FINE ARTS FOUNDATION. ID# 51-0205333 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | REAL ESTATE MANAGEMENT AND OTHER SERVICES RELATED TO REAL PROPERTY HELD IN SUPPORT OF THE VIRGINIA MUSEUM OF FINE ARTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 40699 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 16524 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 54050 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 40699 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 40699 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 510205333 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc | 0 | 7 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 12251 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1 | 0 | VIRGINIA MUSEUM OF FINE ARTS FOUNDATION |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd | 0 | 1 |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 12251 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 28,448. DESCRIPTION: OTHER EXPENSES. AMOUNT: 12,251. TOTAL TO FORM 990-EZ, LINE 14: 40,699. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: TRANSFER OF FUNDS TO VMFAF, EIN: 51-0205333. AMOUNT: -35,920. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: OTHER ASSETS. BEG. OF YEAR AMOUNT: 4,884. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 343,586. END OF YEAR AMOUNT: 315,139. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 156. END OF YEAR AMOUNT: 334. DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 16,368. END OF YEAR AMOUNT: 53,716. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | HOSSEIN SADID |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHIEF FINANCIAL OFFICER VMFAF |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8043401515 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-02-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | VIRGINIA MUSEUM REAL ESTATE FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VIRG |
| ReturnHeader/Filer/EIN | 0 | 541630084 |
| ReturnHeader/Filer/PhoneNum | 0 | 8043401515 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 200 N BOULEVARD |
| ReturnHeader/Filer/USAddress/City | 0 | RICHMOND |
| ReturnHeader/Filer/USAddress/State | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 232204007 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 560747981 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | DIXON HUGHES GOODMAN LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 4510 COX ROAD SUITE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | GLEN ALLEN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 230603394 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8042827636 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANGELA CAIN |
| ReturnHeader/ReturnTs | 0 | 2015-02-06T13:36:27-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-06-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
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