Civic Intelligence

The Virginia Foundation for Architecture

EIN 54-6054855 • 501(c)3 • Richmond, VA

Profile

Elevating awareness of the transformative power of architecture and design.

2501 Monument AvenueRichmond, VA 23220

branchmuseum.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-28%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-3.4%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,449,190

Down $120,552 (-3.4%) from 2023

Liabilities

Down

$27,068

Down $396 (-1.4%) from 2023

Net Assets

Down

$3,422,122

Down $120,156 (-3.4%) from 2023

Revenue

Down

$433,540

Down $133,994 (-24%) from 2023

Expenses

Down

$553,696

Down $39,411 (-6.6%) from 2023

Net Income

Down

-$120,156

Down $94,583 (-370%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,071,019Liabilities 2010: $235,719Net Assets 2010: $3,835,3002010Assets 2011: $4,306,180Liabilities 2011: $279,974Net Assets 2011: $4,026,2062011Assets 2012: $2,912,341Liabilities 2012: $323,665Net Assets 2012: $2,588,6762012Assets 2013: $3,082,519Liabilities 2013: $343,457Net Assets 2013: $2,739,0622013Assets 2014: $2,909,202Liabilities 2014: $425,957Net Assets 2014: $2,483,2452014Assets 2015: $2,883,779Liabilities 2015: $395,981Net Assets 2015: $2,487,7982015Assets 2016: $3,226,430Liabilities 2016: $257,138Net Assets 2016: $2,969,2922016Assets 2017: $3,310,519Liabilities 2017: $313,179Net Assets 2017: $2,997,3402017Assets 2018: $3,378,875Liabilities 2018: $350,771Net Assets 2018: $3,028,1042018Assets 2019: $3,509,153Liabilities 2019: $266,812Net Assets 2019: $3,242,3412019Assets 2020: $3,804,352Liabilities 2020: $16,474Net Assets 2020: $3,787,8782020Assets 2021: $3,842,179Liabilities 2021: $18,282Net Assets 2021: $3,823,8972021Assets 2022: $3,620,796Liabilities 2022: $52,945Net Assets 2022: $3,567,8512022Assets 2023: $3,569,742Liabilities 2023: $27,464Net Assets 2023: $3,542,2782023Assets 2024: $3,449,190Liabilities 2024: $27,068Net Assets 2024: $3,422,1222024

Highlighted filing

2024

Assets$3,449,190
Liabilities$27,068
Net Assets$3,422,122

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $393,3922010Expenses 2011: $278,3832011Revenue 2012: $351,045Expenses 2012: $329,551Net Income 2012: $21,4942012Revenue 2013: $600,951Expenses 2013: $520,450Net Income 2013: $80,5012013Revenue 2014: $313,203Expenses 2014: $555,857Net Income 2014: -$242,6542014Revenue 2015: $446,755Expenses 2015: $374,511Net Income 2015: $72,2442015Revenue 2016: $972,914Expenses 2016: $506,187Net Income 2016: $466,7272016Revenue 2017: $373,106Expenses 2017: $381,478Net Income 2017: -$8,3722017Revenue 2018: $418,910Expenses 2018: $295,268Net Income 2018: $123,6422018Revenue 2019: $731,234Expenses 2019: $516,997Net Income 2019: $214,2372019Revenue 2020: $1,047,830Expenses 2020: $285,439Net Income 2020: $762,3912020Revenue 2021: $371,704Expenses 2021: $335,685Net Income 2021: $36,0192021Revenue 2022: $318,726Expenses 2022: $574,772Net Income 2022: -$256,0462022Revenue 2023: $567,534Expenses 2023: $593,107Net Income 2023: -$25,5732023Revenue 2024: $433,540Expenses 2024: $553,696Net Income 2024: -$120,1562024

Highlighted filing

2024

Revenue$433,540
Expenses$553,696
Net Income-$120,156

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$0.03$3.42$0.43$0.55$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.57$0.03$3.54$0.57$0.59$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.62$0.05$3.57$0.32$0.57$0.26
2021Detailed filing. Detailed filing data is available for this year.$3.84$0.02$3.82$0.37$0.34$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.80$0.02$3.79$1.05$0.29$0.76
2019Detailed filing. Detailed filing data is available for this year.$3.51$0.27$3.24$0.73$0.52$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.38$0.35$3.03$0.42$0.30$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.31$0.31$3.00$0.37$0.38$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.23$0.26$2.97$0.97$0.51$0.47
2015Detailed filing. Detailed filing data is available for this year.$2.88$0.40$2.49$0.45$0.37$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.91$0.43$2.48$0.31$0.56$0.24
2013Detailed filing. Detailed filing data is available for this year.$3.08$0.34$2.74$0.60$0.52$0.08
2012Summary only. Only limited summary data is available for this year.$2.91$0.32$2.59$0.35$0.33$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$0.28$4.03$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.24$3.84$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 2, 2025
Return Version
2024v5.2
Gross Receipts
$433,540
Mission and Program Overview

Mission

Elevating awareness of the transformative power of architecture and design.

Promotion of architectural development, education and research

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,219,782$3,198,222▼ $21,560
Cash and Non-Interest-Bearing Accounts$345,042$243,457▼ $101,585
Prepaid Expenses and Deferred Charges$3,263$5,856▲ $2,593
Land, Buildings, and Equipment, Net$1,655$1,655→ $0
Total Assets$3,569,742$3,449,190▼ $120,552
Liabilities
Accounts Payable and Accrued Expenses$27,464$27,068▼ $396
Total Liabilities$27,464$27,068▼ $396
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,120,426$2,991,296▼ $129,130
Net Assets With Donor Restrictions$421,852$430,826▲ $8,974
Total Net Assets Fund Balance$3,542,278$3,422,122▼ $120,156
Total Liabilities and Net Assets / Fund Balance$3,569,742$3,449,190▼ $120,552

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,655$333,601$335,256
Equipment$0$2,435$2,435

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,846---$4,846
2023$4,846---$4,846
2022$4,846---$4,846
2021$4,846---$4,846
2020$4,846---$4,846
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather ErnstExecutive DirectorFT$74,726$1,775$76,501

Board Members and Trustees

NameTitle
Walter M DottsPresident
Bob SteeleTrustee
Bucci ZeugnerTrustee
Kellie O'KeefeTrustee
Kelly O'KeefeTrustee
Susan ReedTrustee
Samuel W DanielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$344,486
Program Service Revenue
$75,069
Investment Income
$13,985
Other Revenue
$0
All Other Contributions
$340,486
Change in Net Assets
$-120,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$433,540
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$433,540
Total Revenue per Form 990
$433,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$312,272
Other Expenses$241,424
Total Fundraising Expense$30,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,332$15,326$1,916$185,574
Current Officers, Directors, Trustees, and Key Employees$50,835$7,473$22,417$80,725
Office Expenses$53,229$19,771$3,041$76,041
Fees for Services Accounting-$51,664-$51,664
Other Expenses$48,076--$48,076
Fees for Services Management$6,294$33,041-$39,335
Other Employee Benefits-$25,366-$25,366
Payroll Taxes$16,073$1,855$2,679$20,607
Information Technology-$15,676-$15,676
Fees for Services Legal-$6,665-$6,665
Insurance$3,570$397-$3,967
Total Functional Expenses$346,409$177,234$30,053$553,696

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$553,696
Total Expenses per Audited Statements$553,696
Total Expenses per Form 990$553,696
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Backup withholding compliance
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

Form 990 is reviewed by the deputy director, the executive director and the finance committee prior to its filing. Form 990 is provided to the full board of trustees prior to filing. It is posted to a secure page of the center's website, with access limited to the trustees and staff members. The trustees are informed of the posting of the draft via an email message. They are asked to review the return and provide any comments or ask any questions within a specified time frame. Final changes, if any, are made to the draft, and reviewed by the deputy director prior to the filing of the return.

Form 990, Part VI, Section B, line 12C

The board is required to submit conflict of interest statements annually which are reviewed by the chairman of the board.

Form 990, Part VI, Section C, line 19

The Virginia Foundation for Architecture makes its governing documents, conflict of interest policy, financial statements and filed Form 990 available upon request.

Filing and Contact Details

Filer

Filer Name
The Virginia Foundation for Architecture
EIN
54-6054855
Phone
8046556055
Address
2501 Monument Avenue, Richmond, VA 23220
Doing Business As
The Branch Museum of Architecture and Design

Signing Officer

Name
Kristen Cavallo
Title
Executive Director
Phone
8046556055
Signed
2025-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Cavallo
Formed
1954
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
11
Volunteers
45

Preparer

Firm
Pilc & Moseley LLC
Address
4312 Grove Avenue, Richmond, VA 23221
Preparer
Nathan J Harry
Phone
8049188490
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

The intended use of the endowment funds is to provide scholarship support to students in the three architecture schools in Virginia universities.

Part X, Line 2:

The Foundation follows generally accepted accounting principles regarding "Accounting for Uncertain Tax Positions". This provides detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in the Foundation's consolidated financial statements. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. The Foundation has determined that it does not have any material unrecognized tax benefits or obligations.

Raw XML AppendixShowing 400 of 445 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.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01855
IRS990/PayrollTaxesGrp/ProgramServicesAmt016073
IRS990/PayrollTaxesGrp/TotalAmt020607
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03263
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05856
IRS990/PrincipalOfficerNm0Kristen Cavallo
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0VA Center Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt075069
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0476716
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-120156
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt075069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0344486
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0279013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0252073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0966309
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02318597
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013985
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0111
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0240
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt058400
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IRS990ScheduleA/PublicSupportPY170Pct00.45830
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0279013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0252073
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0966309
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02318597
IRS990ScheduleA/TotalSupportAmt02391333
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04846
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04846
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04846
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04846
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04846
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04846
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04846
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04846
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02435
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02435
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0553696
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01655
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0333601
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0335256
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0433540
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The intended use of the endowment funds is to provide scholarship support to students in the three architecture schools in Virginia universities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation follows generally accepted accounting principles regarding "Accounting for Uncertain Tax Positions". This provides detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in the Foundation's consolidated financial statements. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. The Foundation has determined that it does not have any material unrecognized tax benefits or obligations.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01655
IRS990ScheduleD/TotalExpensesPerForm990Amt0553696
IRS990ScheduleD/TotalRevenuePerForm990Amt0433540
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0433540
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the deputy director, the executive director and the finance committee prior to its filing. Form 990 is provided to the full board of trustees prior to filing. It is posted to a secure page of the center's website, with access limited to the trustees and staff members. The trustees are informed of the posting of the draft via an email message. They are asked to review the return and provide any comments or ask any questions within a specified time frame. Final changes, if any, are made to the draft, and reviewed by the deputy director prior to the filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board is required to submit conflict of interest statements annually which are reviewed by the chairman of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Virginia Foundation for Architecture makes its governing documents, conflict of interest policy, financial statements and filed Form 990 available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0The Virginia Foundation for Architecture
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Real Estate Rental
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Branch House Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt03120133
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-161532
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt02501 Monument Avenue
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Richmond
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd023220
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt045

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