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The Medical Society of Virginia Foundation

Richmond, VA · EIN 52-1394768 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

The Medical Society of Virginia Foundation reported $15.9 million in revenue and $13.4 million in expenses for calendar year 2025. Of every $100 it spent, $92.42 went to program services, $6.11 to management and general costs and $1.47 to fundraising. Its largest source of revenue was contributions and grants: 98.6% of the total. Government grants made up 96.5%. The highest compensation it reported for one person was $715,003 (MSV EVP (EX-OFFICIO VOTING). 3 people received more than $100,000 in reportable compensation. Revenue rose 993% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $13M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 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 $16M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
92.4%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
6.1%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
1.5%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
98.6%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
96.5%0.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$715,003$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
5.33%1.34%
People paid over $100,000
Part VII, line 2
327
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
10.86.6
Independent voting board members
Part VI 1a–1b
17 of 1888.9%

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 expense
$12M expenses · 100.0% of program spending · grants $1,000

Medical leadership: to provide a trusted source of leadership development for virginia's physicians, with a goal of effectively advancing health and health care in virginia

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
MSV EVP (EX-OFFICIO VOTING
Director/trustee, 6.00 hrs/week
$0$685,936$29,067$715,003
MSV CFO
Highest compensated employee, 10.00 hrs/week
$0$161,671$20,659$182,330
EMPLOYEE
Highest compensated employee, 43.00 hrs/week
$123,219$0$9,179$132,398
EMPLOYEE
Highest compensated employee, 43.00 hrs/week
$111,565$0$16,718$128,283
EMPLOYEE
Highest compensated employee, 43.00 hrs/week
$102,691$0$15,966$118,657

3 people received more than $100,000 in reportable compensation from The Medical Society of Virginia Foundation (Part VII, line 2).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M2019202020212022202320242025$16M$13M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$16M$13M92.4%$12M$715,003
2024 ⓘ$14M$11M94.8%$9.4M$601,171
2023 ⓘ$9.9M$7.8M94.3%$6.7M$535,427
2022 ⓘ$7.4M$6.9M79.3%$4.5M$462,862
2021 ⓘ$5.9M$4.0M92.4%$4.0M$376,946
2020 ⓘ$1.8M$1.1M76.7%$2.2M$357,183
2019 ⓘ$1.5M$747K65.8%$1.5M$323,168

Governance 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–1b18 · 17 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 14bNo
  • Employees Part I, line 520

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
CENTRA MEDICAL GROUP LLC
Vmap program support
$840,469
CHUNG CREATIONS LLC
Vmap program support
$128,800

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

5 private foundations reported grants to The Medical Society of Virginia Foundation totaling $36,027 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 The Medical Society of Virginia 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 The Medical Society of Virginia Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Virginia

Questions people ask

How much of The Medical Society of Virginia Foundation's spending goes to programs?

In calendar year 2025, The Medical Society of Virginia Foundation reported that 92.4% of its $13.4 million in expenses went to program services, 6.1% to management and general and 1.5% to fundraising (Form 990, Part IX).

How much does The Medical Society of Virginia Foundation pay its top executive?

The largest total compensation The Medical Society of Virginia Foundation reported for one person in calendar year 2025 was $715,003, for the role of MSV EVP (EX-OFFICIO VOTING (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Medical Society of Virginia Foundation get its money?

Of $15.9 million in revenue in calendar year 2025, 98.6% came from contributions and grants (including 96.5% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is The Medical Society of Virginia Foundation a registered charity?

The IRS lists EIN 52-1394768 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 202621359349308477 · read the filing
  • 2024: Form 990 for calendar year 2024, object 202523099349301612 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202441359349304674 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333199349302903 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213199349302081 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133199349307978 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202001539349301000 · read the filing

All filings for EIN 52-1394768: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.