Civic Intelligence

Virginia Foundation for Architecture Incorporated

990 • Fiscal year 2018 • EIN 54-6054855

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization Profilewww.virginiaarchitecture.org

View Organization Page

2501 Monument AvenueRichmond, VA 23220

(804) 655-6055

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.10x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.84x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$47,500

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

54th percentile

2.1%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$3,378,875

Up $68,356 (+2.1%) from 2017

Net Assets

Up

$3,028,104

Up $30,764 (+1.0%) from 2017

Liabilities

Up

$350,771

Up $37,592 (+12%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin84th percentile

Revenue

Up

$418,910

Up $45,804 (+12%) from 2017

Expenses

Down

$295,268

Down $86,210 (-23%) from 2017

Net Income

Up

$123,642

Up $132,014 (+1577%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$3,378,875
Liabilities$350,771
Net Assets$3,028,104
Open 2018 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$418,910
Expenses$295,268
Net Income$123,642
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$563,622
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$2,945,394$3,332,670▲ $387,276
Investments in Publicly Traded Securities$235,699--
Pledges and Grants Receivable$46,176$19,946▼ $26,230
Cash and Non-Interest-Bearing Accounts$72,691$13,764▼ $58,927
Prepaid Expenses and Deferred Charges$7,341$10,717▲ $3,376
Land, Buildings, and Equipment, Net$3,218$1,778▼ $1,440
Total Assets$3,310,519$3,378,875▲ $68,356
Liabilities
Accounts Payable and Accrued Expenses$305,679$350,771▲ $45,092
Deferred Revenue$7,500--
Total Liabilities$313,179$350,771▲ $37,592
Net Assets / Fund Balance
Unrestricted Net Assets$2,142,166$2,592,908▲ $450,742
Temporarily Rstr Net Assets$855,174$435,196▼ $419,978
Total Net Assets Fund Balance$2,997,340$3,028,104▲ $30,764
Total Liabilities and Net Assets / Fund Balance$3,310,519$3,378,875▲ $68,356

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,778$333,478$335,256
Equipment$0$2,303$2,303

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$4,846---$4,846
2017$5,283---$4,846
2016$12,283---$5,283
2015$107,088--$94,805$12,283
2014$125,088---$107,088
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Penelope FletcherExecutive DirectorFT$47,500$47,500

Board Members and Trustees

NameTitle
Laura B CameronChair
John H CrouseChair-Elect/Treasurer
William S Bill TalleyPast Chair
Samuel W DanielVice Chair
Elizabeth SchulhofDirector
Kathleen S KilpatrickDirector
Kathryn T PrigmoreDirector
Robert A BoyntonDirector
Robert A SteeleDirector
Sally BrownDirector
Stephen A Kip CaudleDirector
Stephen Steve CoorDirector
Walter M Dotts IIISecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$272,050
Program Service Revenue
$39,242
Investment Income
$107,618
Other Revenue
$0
All Other Contributions
$272,050
Change in Net Assets
$123,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$155,430
Other Expenses$139,838
Total Fundraising Expense$122,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,849$12,849$59,961$85,659
Current Officers, Directors, Trustees, and Key Employees$14,250$4,750$28,500$47,500
Office Expenses$31,085$4,441$8,882$44,408
Fees for Services Management$5,550$12,950-$18,500
Fees for Services Other-$13,921-$13,921
Other Employee Benefits--$11,841$11,841
Fees for Services Accounting-$10,443-$10,443
Payroll Taxes$2,123$1,379$6,928$10,430
Insurance$6,287$898$1,796$8,981
Information Technology-$4,281$4,282$8,563
Fees for Service Investment Mgmnt Fees$3,114--$3,114
Travel$2,364$591-$2,955
Other Expenses$750$750-$1,500
Depreciation Depletion$1,008$144$288$1,440
Advertising$600--$600
Total Functional Expenses$105,393$67,397$122,478$295,268
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 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 chief financial officer, the current 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 chief financial officer 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
Penelope C Fletcher
Title
Executive Director
Phone
8046556055
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Penelope C Fletcher
Formed
1954
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
19
Volunteers
37

Preparer

Firm
Pilc & Moseley LLC
Address
4312 Grove Avenue, Richmond, VA 23221
Preparer
Ellen A Moseley
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 the Financial Accounting Standards Board (FASB) guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Foundation's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated the Foundation's tax position and concluded that the Foundation had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. The Foundation's income tax returns for years since 2015 remain open for examination by tax authorities. The Foundation is not currently under audit by any tax jurisdiction.”

Raw XML AppendixShowing 400 of 531 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/Desc0We create original, thought-provoking exhibitions through which visitors appreciate the presence of architecture and design throughout their daily lives and realize that each of us has a role in designing our world.Through lectures and programming, we educate the public on the importance of design and architecture in their daily lives and illustrate how all who experience good design are elevated by it. By challenging vistors to find inspiration in Virginia's heritage of great design, they are better prepared to design our future.We welcome adults and students into our exhibitions, tours, and educational programs, helping them understand design and its power to transform the human experience.
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01891
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0235699
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0335781
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03218
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01778
IRS990/LandBldgEquipCostOrOtherBssAmt0337559
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0144712
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Elevating awareness of the transformative power of architecture and design.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02997340
IRS990/NetAssetsOrFundBalancesEOYAmt03028104
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0105727
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0105727
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-92878
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt08882
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04441
IRS990/OfficeExpensesGrp/ProgramServicesAmt031085
IRS990/OfficeExpensesGrp/TotalAmt044408
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011841
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011841
IRS990/OtherExpensesGrp/Desc0Exhibitions
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0750
IRS990/OtherExpensesGrp/ProgramServicesAmt025413
IRS990/OtherExpensesGrp/ProgramServicesAmt1750
IRS990/OtherExpensesGrp/TotalAmt025413
IRS990/OtherExpensesGrp/TotalAmt11500
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt059961
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012849
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012849
IRS990/OtherSalariesAndWagesGrp/TotalAmt085659
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06928
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01379
IRS990/PayrollTaxesGrp/ProgramServicesAmt02123
IRS990/PayrollTaxesGrp/TotalAmt010430
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt046176
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt019946
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07341
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010717
IRS990/PrincipalOfficerNm0Penelope C Fletcher
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0VA Center Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039242
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039242
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0345916
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt021022
IRS990/PYInvestmentIncomeAmt08380
IRS990/PYOtherExpensesAmt0119381
IRS990/PYOtherRevenueAmt0-9299
IRS990/PYProgramServiceRevenueAmt028109
IRS990/PYRevenuesLessExpensesAmt0-8372
IRS990/PYSalariesCompEmpBnftPaidAmt0241075
IRS990/PYTotalExpensesAmt0381478
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0373106
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0123642
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt039242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0272050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0323831
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0906462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0307225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0196270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02005838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01891
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04850
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04868
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022779
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt041464
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54060
IRS990ScheduleA/PublicSupportPY170Pct00.53890
IRS990ScheduleA/PublicSupportTotal170Amt01106797
IRS990ScheduleA/SubstantialContributorsTotAmt0899041
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0272050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0323831
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0906462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0307225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0196270
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02005838
IRS990ScheduleA/TotalSupportAmt02047302
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04846
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04846
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05283
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04846
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0437
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012283
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05283
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt07000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0107088
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt012283
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt094805
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0125088
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0107088
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt018000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02303
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02303
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01778
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0333478
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0335256
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 the Financial Accounting Standards Board (FASB) guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Foundation's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated the Foundation's tax position and concluded that the Foundation had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. The Foundation's income tax returns for years since 2015 remain open for examination by tax authorities. The Foundation is not currently under audit by any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01778
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the chief financial officer, the current 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 chief financial officer 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
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0The Virginia Foundation for Architecture
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0710950268
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Real Estate Rental
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Branch House Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt03347866

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,378,875
Liabilities
$350,771
Net assets
$3,028,104
Revenue
$418,910
Expenses
$295,268
Net income
$123,642
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