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Venture Richmond
Venture Richmond reported $13.7 million in revenue and $8.6 million in expenses for calendar year 2025. Of every $100 it spent, $92.69 went to program services, $3.05 to management and general costs and $4.26 to fundraising. Its largest source of revenue was contributions and grants: 64.1% of the total. Government grants made up 12.6%. The highest compensation it reported for one person was $345,801 (PRESIDENT & CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 128% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $8.6MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.7% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.3% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 64.1% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 12.6% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 35.1% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $345,801 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.00% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 7 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.1 | 9.2 |
| Independent voting board members Part VI 1a–1b | 55 of 55 | 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
2025 · Form 990, Part III · the three largest programs by expenseVenture Richmond manages programs and projects for the downtown special service and assessment districts in accordance with contracts with the city of richmond. Total revenue for the general service district of $2,423,756 represents support from the service districts. The program also received a $1,210,000 clean, safe, and green municipal grant provided by the city of richmond
Richmond folk festival - oversee, plan, produce, market & sponsorship of richmond folk festival event in downtown richmond as well as the folk feast. Included in revenue is support from the service districts of $200,000. In addition to the above revenue, the program received a grant from the city arts & culture of $167,000 and contributions of $15,080
Venture Richmond manages and maintains the riverfront in accordance with contracts with the city of richmond; operating riverfront canal cruises and maintaining the canal walk, brown's island, and belle isle parking lot. Manages programs and projects for the riverfront special service and assessment districts in accordance with contracts with the city of richmond. In addition to the revenue above, the program received a $200,000 municipal grant provided by the city of richmond. Venture Richmond, in partnership with the city of richmond, has plans to transform brown's island into a world class…
Highest reported compensation
2025 · 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 |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $312,171 | $0 | $33,630 | $345,801 |
| DIRECTOR OF ECONOMIC DEVEL Highest compensated employee, 40.00 hrs/week | $188,409 | $0 | $20,973 | $209,382 |
| DEPUTY EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $178,281 | $0 | $19,092 | $197,373 |
| DIRECTOR OF EVENTS Highest compensated employee, 40.00 hrs/week | $161,570 | $0 | $16,801 | $178,371 |
| FINANCE MANAGER Highest compensated employee, 40.00 hrs/week | $143,526 | $0 | $10,620 | $154,146 |
| OFFICE ADMINISTRATOR Highest compensated employee, 40.00 hrs/week | $129,343 | $0 | $11,630 | $140,973 |
7 people received more than $100,000 in reportable compensation from Venture Richmond (Part VII, line 2). Compensation of current officers, directors and key employees totaled $346K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · 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–1b55 · 55 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 2Yes
- 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 14bNo
- Employees Part I, line 541
- Volunteers Part I, line 6900
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| STREETPLUS COMPANY LLC Cleaning/safety | $1,183,967 |
| HERB'S JANITORIAL & LAWN CARE SVCS Lawn care services | $206,861 |
| THE CURTIS GROUP Fundraising consultants | $152,239 |
| SOUNDWORKS OF VIRGINIA INC Audiovisual equipment rental | $150,046 |
| BWS LANDSCAPING Landscaping | $132,130 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Venture Richmond totaling $332K 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 Venture Richmond's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Venture Richmond, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Venture Richmond spent in 2025, $92.69 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Missouri Ozarks Community ActionRichland, MO · revenue $14M · programs 93.3% · FY2026
- The Marshall ProjectNew York, NY · revenue $14M · programs 79.5% · FY2025
- Loomis Senior LivingSpringfield, MA · revenue $14M · programs 88.1% · 2024
- Greater Lake City AllianceLake City, SC · revenue $14M · programs 93.1% · 2024
- Community Action of Greater IndianapolisIndianapolis, IN · revenue $14M · programs 86.4% · 2024
All community improvement & capacity building charities · Largest charities in Virginia
Questions people ask
How much of Venture Richmond's spending goes to programs?
In calendar year 2025, Venture Richmond reported that 92.7% of its $8.6 million in expenses went to program services, 3.0% to management and general and 4.3% to fundraising (Form 990, Part IX).
How much does Venture Richmond pay its top executive?
The largest total compensation Venture Richmond reported for one person in calendar year 2025 was $345,801, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Venture Richmond get its money?
Of $13.7 million in revenue in calendar year 2025, 64.1% came from contributions and grants (including 12.6% from government grants) and 35.1% from program service revenue (Form 990, Part VIII).
Is Venture Richmond a registered charity?
The IRS lists EIN 52-1256458 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, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202601359349307730 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202521349349307382 · read the filing
- 2023: Form 990 for calendar year 2023, object 202421979349302262 · read the filing
- 2022: Form 990 for calendar year 2022, object 202321359349309802 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233069349302473 · read the filing
- 2020: Form 990 for calendar year 2020, object 202111349349304066 · read the filing
- 2019: Form 990 for calendar year 2019, object 202041649349301229 · read the filing
All filings for EIN 52-1256458: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.