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Virginia Museum of Fine Arts Foundation
Virginia Museum of Fine Arts Foundation reported $71.2 million in revenue and $46.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.30 went to program services, $7.95 to management and general costs and $4.75 to fundraising. Its largest source of revenue was investment income: 66.2% of the total. Government grants made up 5.3%. The highest compensation it reported for one person was $807,380 (Deputy Director of Advancement). 7 people received more than $100,000 in reportable compensation. Revenue rose 46% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $47MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $71MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.3% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.0% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.7% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 33.6% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.3% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $807,380 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.73% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 75.1 | 36.6 |
| Independent voting board members Part VI 1a–1b | 31 of 31 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseOver the past year the foundation has managed the private institutional advancement program for the Virginia Museum of Fine Arts, an agency of the commonwealth of virginia. The results of those fund raising efforts are reflected in the data listed on this return. In addition, endowments held in trust by the foundation for the benefit of the museum have been invested, the managers evaluated, the investment policy reviewed, and funds distributed in accordance with donor intent
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Deputy Director of Advancement Highest compensated employee, 40.0 hrs/week | $731,713 | $0 | $75,667 | $807,380 |
| Chief Operating Officer Officer, 20.0 hrs/week | $433,535 | $0 | $46,106 | $479,641 |
| Assistant Deputy Direstor of Development Highest compensated employee, 40.0 hrs/week | $216,450 | $0 | $39,797 | $256,247 |
| Chief Financial Officer Officer, 20.0 hrs/week | $163,775 | $0 | $45,910 | $209,685 |
| Director of Principal Gifts & Campaign Manager Highest compensated employee, 40.0 hrs/week | $136,050 | $0 | $17,906 | $153,956 |
| Director of Major Gifts Highest compensated employee, 40.0 hrs/week | $114,399 | $0 | $39,016 | $153,415 |
| Director of Accounting Highest compensated employee, 40.0 hrs/week | $102,865 | $0 | $17,040 | $119,905 |
7 people received more than $100,000 in reportable compensation from Virginia Museum of Fine Arts Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $848K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 31 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 534
- Volunteers Part I, line 6148
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Hourigan Construction & Development | $2,112,697 |
| Area 17 Media LLC Website development | $1,104,100 |
| Brown Advisory Investment Management | $297,080 |
| Silchester Investment Management | $164,577 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
23 private foundations reported grants to Virginia Museum of Fine Arts Foundation totaling $2.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Virginia Museum of Fine Arts Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Virginia Museum of Fine Arts Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Virginia Museum of Fine Arts Foundation spent in FY2025, $87.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Kimmel CenterPhiladelphia, PA · revenue $71M · programs 85.4% · FY2025
- The Vivian Beaumont TheaterincNew York, NY · revenue $71M · programs 85.2% · FY2025
- San Francisco Ballet AssociationSan Francisco, CA · revenue $71M · programs 83.2% · FY2025
- Academy Museum FoundationBeverly Hills, CA · revenue $71M · programs 92.5% · FY2025
- Dr Phillips Center for the Performing ArtsOrlando, FL · revenue $71M · programs 84.3% · FY2025
All arts, culture & humanities charities · Largest charities in Virginia
Questions people ask
How much of Virginia Museum of Fine Arts Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Virginia Museum of Fine Arts Foundation reported that 87.3% of its $46.8 million in expenses went to program services, 8.0% to management and general and 4.7% to fundraising (Form 990, Part IX).
How much does Virginia Museum of Fine Arts Foundation pay its top executive?
The largest total compensation Virginia Museum of Fine Arts Foundation reported for one person in the fiscal year ending June 30, 2025 was $807,380, for the role of Deputy Director of Advancement (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Virginia Museum of Fine Arts Foundation get its money?
Of $71.2 million in revenue in the fiscal year ending June 30, 2025, 33.6% came from contributions and grants (including 5.3% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Virginia Museum of Fine Arts Foundation a registered charity?
The IRS lists EIN 51-0205333 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620449349300712 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520599349300022 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421369349313732 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349304178 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221309349303902 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121139349300547 · read the filing
All filings for EIN 51-0205333: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.