Arts, Culture, Humanities : Museums
Virginia Museum of Fine Arts Foundation
Supporting the Virginia Museum of Fine Arts
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Learn more about how we calculate the overall score and rating.
| Financial Performance Metrics | ||
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| Program Expenses | 94.9% | |
| Administrative Expenses | 3.8% | |
| Fundraising Expenses | 1.1% | |
| Fundraising Efficiency | $0.05 | |
| Primary Revenue Growth | 3.3% | |
| Program Expenses Growth | 23.1% | |
| Working Capital Ratio (years) | 0.80 | |
| Accountability & Transparency Performance Metrics | ||
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| Information Provided on the Form 990 | ||
| Independent Voting Board Members |  |
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| No Material diversion of assets | |
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| Audited financials prepared by independent accountant | |
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| Does Not Provide Loan(s) to or Receive Loan(s) From related parties | |
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| Documents Board Meeting Minutes | |
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| Provided copy of Form 990 to organization's governing body in advance of filing | |
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| Conflict of Interest Policy | |
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| Whistleblower Policy | |
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| Records Retention and Destruction Policy | |
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| CEO listed with salary | |
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| Process for determining CEO compensation | |
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| Does Not Compensate Any Board Members | |
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| Does the charity's website include readily accessible information about the following: | ||
| Donor Privacy Policy | |
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| Board Members Listed | |
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| Audited Financials |  |
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| Form 990 | |
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| Key staff listed | |
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Income Statement (FYE 06/2010)
Compensation of Leaders (FYE 06/2010)
| Compensation | % of Expenses | Paid to | Title | |
|---|---|---|---|---|
| Not compensated | -- | Herbert A. Claiborne III | President, Director | |
| Other Salaries of Note | ||||
| $148,953 | 0.32% | David B. Bradley | Vice President of Finance | |
| $126,983 | 0.27% | Peter Wagner | Vice President of Development | |
| $45,048 | 0.09% | Julie A. Thomas | Assistant Secretary | |
Mission
Founded in 1976, The Virginia Museum of Fine Arts Foundation raises funds and manages investments for the Virginia Museum of Fine Arts (VMFA), an agency of the Commonwealth of Virginia. VMFA has achieved an international reputation for creative excellence and innovative programming. The Museum houses a collection of world art ranging from antiquities to contemporary art, preserved as records of the best of human expression. Each year, hundreds of thousands of people are enriched by experiences visiting the Museum, going online for virtual website tours and interactive activities, participating in educational programs and social events, or attending traveling exhibitions, lectures, and workshops at one of our statewide partner venues. VMFA is currently undergoing construction and will re-open on May 1, 2010.
Charities Performing Similar Types of Work
| Charity Name | Overall Score | Overall Rating |
|---|---|---|
| Virginia Museum of Fine Arts Foundation - VA | 60.28 |  |
| Reynolda House - NC | 56.36 |  |
| The Cleveland Museum of Art - OH | 61.54 | |
| Milwaukee Art Museum - WI | 56.95 | |
| San Antonio Museum of Art - TX | 55.66 | |
| Charity Name | Overall Score | Overall Rating |
|---|---|---|
| Virginia Museum of Fine Arts Foundation - VA | 60.28 | |
| The Minneapolis Institute of Arts - MN | 61.94 | |
| Metropolitan Museum of Art - NY | 58.01 | |
| North Carolina Museum of Art Foundation - NC | 54.76 | |
| Telfair Museum of Art - GA | 53.15 | |
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