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Arts, Culture, Humanities : Museums (Grantmaking)

Virginia Museum of Fine Arts Foundation

Supporting the Virginia Museum of Fine Arts

four stars

90.47

200 North Boulevard Richmond, VA 23220
tel: (804) 340-1515   Web Site
EIN: 51-0205333

Board Leadership
Monroe E. Harris, Jr.
President

CEO
Alex Nyerges
Director and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 90.47 four stars
  Financial 92.23 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 06/01/2019 and includes data from FY2018, the most recent 990 received at that time.

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.

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.

Impact Information

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Financial

four stars

92.23

Accountability & Transparency

three stars

89.00

This rating was published 06/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.3%
  Administrative Expenses 12.4%
  Fundraising Expenses 3.2%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 3.26
  Program Expenses Growth 5.4%
  Liabilities to Assets 15.0%
All data for Financial Performance Metrics calculations was provided by Virginia Museum of Fine Arts Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Virginia Museum of Fine Arts Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Virginia Museum of Fine Arts Foundation (VA) 90.47 four stars
Storm King Art Center (NY) 89.00 three stars
The Cleveland Museum of Art (OH) 88.50 three stars
Nevada Museum of Art (NV) 88.33 three stars
The Speed Art Museum (KY) 95.91 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $13,484,932
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $13,484,932
   Program Service Revenue $94,138
Total Primary Revenue $13,579,070
   Other Revenue $6,208,662
TOTAL REVENUE $19,787,732
   
EXPENSES  
   Program Expenses $20,097,153
   Administrative Expenses $2,985,213
   Fundraising Expenses $734,546
TOTAL FUNCTIONAL EXPENSES $23,816,912
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-4,029,180
   
Net Assets $245,636,367

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Private Institutional Advancement Program $20,097,153 100.0%

Ratings History
Virginia Museum of Fine Arts Foundation has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 06/01/2019 90.47 four stars
2017-06 07/01/2018 90.39 four stars
2016-06 11/01/2017 90.20 four stars
2015-06 10/01/2016 89.54 three stars
2014-06 06/01/2016 84.98 three stars
 
CN 2.0
2014-06 10/01/2015 81.00 three stars
2013-06 11/01/2014 89.54 three stars
2012-06 11/01/2013 88.95 three stars
2011-06 09/01/2012 77.77 two stars
2010-06 09/20/2011 90.28 four stars
 
CN 1.0
2009-06 07/01/2010 85.45 three stars
2008-06 10/01/2009 89.57 three stars
2007-06 09/01/2008 95.40 four stars
2006-06 06/01/2007 96.79 four stars
2005-06 06/01/2006 85.45 three stars
2004-06 07/01/2005 94.81 four stars
2003-06 01/05/2005 85.96 three stars
2002-06 09/01/2003 85.81 three stars
2001-06 10/15/2002 88.12 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 51-0205333
Name in IRS Master File VIRGINIA MUSEUM OF FINE ARTS FOUNDATION
NTEE Code A11
NTEE Classification Single Organization Support
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1977
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$401,507 1.68% Claudia Keenan Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Virginia Museum of Fine Arts Foundation (VA) 90.47 four stars
Timken Museum of Art (CA) 87.69 three stars
Brooklyn Museum (NY) 87.89 three stars
Kalamazoo Institute of Arts (MI) 87.66 three stars
Honolulu Museum of Art (HI) 85.23 three stars

Compare These Charities (Highly Rated)

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Charity Contact Info

Virginia Museum of Fine Arts Foundation
200 North Boulevard
Richmond, VA 23220
tel: (804) 340-1515
EIN: 51-0205333

Visit Web Site

Board Leadership

Monroe E. Harris, Jr.
President

CEO

Alex Nyerges
Director and CEO

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