VIRGINIA MUSEUM OF FINE ARTS FOUNDATION Charity Report

Public IRS 990 nonprofit record

VIRGINIA MUSEUM OF FINE ARTS FOUNDATION

EIN 51-0205333 · Arts, Culture & Humanities (A112)

What they do

THE MISSION of THE VIRGINIA MUSEUM of FINE ARTS FOUNDATION is to SUPPORT THE VIRGINIA MUSEUM of FINE ARTS THROUGH A COMPREHENSIVE FUNDRAISING and DONOR CULTIVATION PROGRAM and THE INVESTMENT and MANAGEMENT of PRIVATE ASSETS. THIS SUPPORT ENHANCES THE ABILITY of THE MUSEUM of FINE ARTS (MUSEUM), AN AGENCY of THE COMMONWEALTH of VIRGINIA. (CONTINUED ON SCHEDULE O)

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders40 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.36%of revenue went to mission work87.3% of expenses · Program services

3.12%of revenue went to fundraising4.7% of expenses

$65.71spent for every $100 of revenueRevenue covered expenses this year.

5.22%of revenue went to management and office costs8.0% of expenses

$7.41in assets for every $1 spent this yearSome assets cannot be spent right away.

33.6%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $807,380 for TOM GUTENBERGER (DEPUTY DIRECTOR OF ADVANCEMENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$71,216,972

Mission workProgram services$40,850,35957.36% of revenue87.3% of expenses

ManagementOffice and general costs$3,721,0695.22% of revenue8.0% of expenses

FundraisingAsking for donations$2,222,4973.12% of revenue4.7% of expenses

Revenue left after expensesReported annual surplus$24,423,04734.29% of revenueShown in gray on the chart

Total expenses$46,793,92565.71% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.3% mission · 8.0% management · 4.7% fundraisingTotal expenses: 65.71% of revenue

2023Expense mix: 85.2% mission · 9.4% management · 5.4% fundraisingTotal expenses: 114.90% of revenue

2022Expense mix: 87.1% mission · 8.3% management · 4.6% fundraisingTotal expenses: 108.33% of revenue

2021Expense mix: 84.1% mission · 11.0% management · 4.9% fundraisingTotal expenses: 57.16% of revenue

2020Expense mix: 88.2% mission · 7.9% management · 4.0% fundraisingTotal expenses: 80.23% of revenue

2019Expense mix: 79.1% mission · 16.4% management · 4.5% fundraisingTotal expenses: 56.75% of revenue

2018Expense mix: 91.2% mission · 6.7% management · 2.2% fundraisingTotal expenses: 156.76% of revenue

2017Expense mix: 84.4% mission · 12.5% management · 3.1% fundraisingTotal expenses: 120.36% of revenue

Money in and money out

Revenue$71,216,972

Expenses$46,793,925

Annual surplus $24,423,047 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$40,850,359 · 87.3% of expenses

Management and office costs$3,721,069 · 8.0% of expenses

Fundraising$2,222,497 · 4.7% of expenses

See all reported dollar amounts

Revenue$71,216,972

Expenses$46,793,925

Assets$346,948,191

Income$424,211,933

Contributions$23,961,822

Mission work (program services)$40,850,359

Fundraising$2,222,497

Grants given$204,865,529

Average grant$29,266,504

Management and general$3,721,069

Stocks and bonds$106,191,997

Accounting fees$73,788

Investing fees$528,100

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TOM GUTENBERGERDEPUTY DIRECTOR OF ADVANCEMENT · 40 hrs/week $807,380Base $731,713 · Other $75,667

ALEX NYERGESCHIEF OPERATING OFFICER · 20 hrs/week $479,641Base $433,535 · Other $46,106

JASMONN COLEMANASSISTANT DEPUTY DIRESTOR OF DEVELOPMENT · 40 hrs/week $256,247Base $216,450 · Other $39,797

ANDREW HARRISCHIEF FINANCIAL OFFICER · 20 hrs/week $209,685Base $163,775 · Other $45,910

MRS ELIZABETH OLIVERDIRECTOR OF PRINCIPAL GIFTS & CAMPAIGN MANAGER · 40 hrs/week $153,956Base $136,050 · Other $17,906

ERIN ELDERDIRECTOR OF MAJOR GIFTS · 40 hrs/week $153,415Base $114,399 · Other $39,016

HAZEL DUNCANDIRECTOR OF ACCOUNTING · 40 hrs/week $119,905Base $102,865 · Other $17,040

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (40)

TOM GUTENBERGERDEPUTY DIRECTOR OF ADVANCEMENT

ALEX NYERGESCHIEF OPERATING OFFICER

JASMONN COLEMANASSISTANT DEPUTY DIRESTOR OF DEVELOPMENT

ANDREW HARRISCHIEF FINANCIAL OFFICER

MRS ELIZABETH OLIVERDIRECTOR OF PRINCIPAL GIFTS & CAMPAIGN MANAGER

ERIN ELDERDIRECTOR OF MAJOR GIFTS

HAZEL DUNCANDIRECTOR OF ACCOUNTING

MARSHALL ACUFFDIRECTOR

JACQUELINE ROGERSDIRECTOR

ANNE MARIE IRANIDIRECTOR

JENNIFER L SCHOOLEYDIRECTOR

JENNIFER L SISKDIRECTOR

KC GRAHAMDIRECTOR

KELLY TILLDIRECTOR

LARRY KOCHARDDIRECTOR

AGUSTIN E RODRIGUEZSECRETARY

MARY C FREDIANIDIRECTOR

MICHAEL SCHEWELDIRECTOR

MICHAEL C BISCEGLIATREASURER

MICHAEL D WILLIAMSDIRECTOR

ALEX CECILDIRECTOR

PAGE E COREYDIRECTOR

STANLEY J OLANDER JRPRESIDENT

ANUMPAMA AGARWALDIRECTOR

FARHAD AGHDAMIDIRECTOR

EUCHARIA N JACKSONDIRECTOR

ADRIANNE JOSEPHDIRECTOR

ELIZABETH HARRIS ROSEDIRECTOR

ELIZABETH EA BLUEDIRECTOR

ELIZABETH LOCKEDIRECTOR

DEBORAH VALENTINEDIRECTOR

DAMIAN KLUTEDIRECTOR

CHARLOTTE B MCGEEVICE-PRESIDENT

CHARLIE WHITAKERDIRECTOR

CHARLES T HODGESDIRECTOR

CELIA RAFALKODIRECTOR

CAROLYN GARNERDIRECTOR

BROCK SAUNDERSDIRECTOR

BRIAN JACKSONDIRECTOR

BEBE HEINERDIRECTOR

About this charity

Recognized since: January 1977
Location: 200 N ARTHUR ASHE BLVD, RICHMOND, VA 23220-4007
County: City of Richmond
In care of: % VIRG
Primary officer: Andrew Harris, Chief Financial Officer

How to reach them

Phone(804) 340-1515

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Arts, Culture & Humanities (A112)
Grant-giving organization: Yes