Nonprofit · EIN 51-0205333
VIRGINIA MUSEUM OF FINE ARTS FOUNDATION
Tax-exempt · RICHMOND, VA 23220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $71,216,972 | $46,793,925 | $24,423,047 | $346,948,191 | $54,034,961 | $292,913,230 |
| June 30, 2024 | 990 | $34,183,610 | $39,276,893 | -$5,093,283 | $337,151,601 | $49,887,390 | $287,264,211 |
| June 30, 2023 | 990 | $33,257,679 | $36,028,084 | -$2,770,405 | $320,872,335 | $49,918,414 | $270,953,921 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $23,961,822
- of which government grants
- $3,783,650
- Program service revenue
- $0
- Investment income
- $47,121,091
- Net gain from sales of assets
- $44,645,106
- Other revenue
- $134,059
Expenses
- Grants and similar amounts paid
- $39,336,802
- Compensation of officers, directors and key employees
- $848,007
- Other salaries and wages
- $2,171,143
- Salaries, compensation and benefits (total)
- $3,834,098
- Professional fundraising fees
- $0
- Legal fees
- $70,560
- Accounting fees
- $73,788
- Occupancy
- $193,561
- Travel
- $154,579
- Depreciation
- $205,864
- Program services (functional)
- $40,850,359
- Management and general (functional)
- $3,721,069
- Fundraising (functional)
- $2,222,497
Balance sheet and other
- Total assets, start of year
- $337,151,601
- Total assets, end of year
- $346,948,191
- Total liabilities, end of year
- $54,034,961
- Net assets, end of year
- $292,913,230
- Land, buildings and equipment
- $8,568,258
- Publicly traded securities
- $106,191,997
- Net assets without donor restrictions
- -$20,480,037
- Net assets with donor restrictions
- $313,393,267
- Gross unrelated business income
- -$65,291
- Gross receipts
- $424,211,933
- Employees
- 34
- Volunteers
- 148
- Year formed
- 1976
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tom Gutenberger | Deputy Director of Advancement Highest-paid employee | 40 | $731,713 | $75,667 |
| Alex Nyerges | Chief Operating Officer Officer | 20 | $433,535 | $46,106 |
| Jasmonn Coleman | Assistant Deputy Direstor of Development Highest-paid employee | 40 | $216,450 | $39,797 |
| Andrew Harris | Chief Financial Officer Officer | 20 | $163,775 | $45,910 |
| Mrs Elizabeth Oliver | Director of Principal Gifts & Campaign Manager Highest-paid employee | 40 | $136,050 | $17,906 |
| Erin Elder | Director of Major Gifts Highest-paid employee | 40 | $114,399 | $39,016 |
| Hazel Duncan | Director of Accounting Highest-paid employee | 40 | $102,865 | $17,040 |
| Agustin E Rodriguez | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Charlotte B McGee | Vice-President Trustee or director, Officer | 1 | $0 | $0 |
| Michael C Bisceglia | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Stanley J Olander Jr | President Trustee or director, Officer | 2 | $0 | $0 |
| Adrianne Joseph | Director Trustee or director | 1 | $0 | $0 |
| Alex Cecil | Director Trustee or director | 1 | $0 | $0 |
| Anne Marie Irani | Director Trustee or director | 1 | $0 | $0 |
| Anumpama Agarwal | Director Trustee or director | 1 | $0 | $0 |
25 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bebe Heiner | Director Trustee or director | 1 | $0 |
| Brian Jackson | Director Trustee or director | 1 | $0 |
| Brock Saunders | Director Trustee or director | 1 | $0 |
| Carolyn Garner | Director Trustee or director | 1 | $0 |
| Celia Rafalko | Director Trustee or director | 1 | $0 |
| Charles T Hodges | Director Trustee or director | 1 | $0 |
| Charlie Whitaker | Director Trustee or director | 1 | $0 |
| Damian Klute | Director Trustee or director | 1 | $0 |
| Deborah Valentine | Director Trustee or director | 1 | $0 |
| Elizabeth EA Blue | Director Trustee or director | 1 | $0 |
| Elizabeth Harris Rose | Director Trustee or director | 1 | $0 |
| Elizabeth Locke | Director Trustee or director | 1 | $0 |
| Eucharia N Jackson | Director Trustee or director | 1 | $0 |
| Farhad Aghdami | Director Trustee or director | 1 | $0 |
| Jacqueline Rogers | Director Trustee or director | 1 | $0 |
| Jennifer L Schooley | Director Trustee or director | 1 | $0 |
| Jennifer L Sisk | Director Trustee or director | 1 | $0 |
| KC Graham | Director Trustee or director | 1 | $0 |
| Kelly Till | Director Trustee or director | 1 | $0 |
| Larry Kochard | Director Trustee or director | 1 | $0 |
| Marshall Acuff | Director Trustee or director | 1 | $0 |
| Mary C Frediani | Director Trustee or director | 1 | $0 |
| Michael D Williams | Director Trustee or director | 2 | $0 |
| Michael Schewel | Director Trustee or director | 1 | $0 |
| Page E Corey | director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tom Gutenberger | Deputy Director of Advancement Highest-paid employee | 40 | $670,596 | $75,089 |
| Alexander L Nyerges | Chief Operating Officer Officer | 22 | $419,539 | $216,573 |
| Jasmonn Coleman | Asst. Deputy Director of Development Highest-paid employee | 40 | $188,967 | $35,276 |
| Andrew Harris | Chief Financial Officer Officer | 22 | $154,686 | $53,636 |
| Hazel Duncan | Director of Accounting Highest-paid employee | 40 | $142,643 | $25,844 |
| Erin Elder | Director of Major Gifts Highest-paid employee | 40 | $107,007 | $32,471 |
| Elizabeth Oliver | Director of Principal Gifts Highest-paid employee | 40 | $125,248 | $11,635 |
| Agustin E Rodriguez | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Charlotte B McGee | Vice-President Trustee or director, Officer | 1 | $0 | $0 |
| Michael C Bisceglia | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Stanley J Olander Jr | President Trustee or director, Officer | 2 | $0 | $0 |
| Adrianne Joseph | Director Trustee or director | 1 | $0 | $0 |
| Alex Cecil | Director Trustee or director | 1 | $0 | $0 |
| Anne Marie Irani | Director Trustee or director | 1 | $0 | $0 |
| Anumpama Agarwal | Director Trustee or director | 1 | $0 | $0 |
| Bebe Heiner | Director Trustee or director | 1 | $0 | $0 |
| Brian Jackson | Director Trustee or director | 1 | $0 | $0 |
| Brock Saunders | Director Trustee or director | 1 | $0 | $0 |
| Carolyn Garner | Director Trustee or director | 1 | $0 | $0 |
| Celia Rafalko | Director Trustee or director | 1 | $0 | $0 |
| Charles T Hodges | Director Trustee or director | 1 | $0 | $0 |
| Charlie Whitaker | Director Trustee or director | 1 | $0 | $0 |
| Damian Klute | Director Trustee or director | 1 | $0 | $0 |
| Deborah Valentine | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth EA Blue | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth Harris Rose | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth Locke | Director Trustee or director | 1 | $0 | $0 |
| Eucharia N Jackson | Director Trustee or director | 1 | $0 | $0 |
| Farhad Aghdami | Director Trustee or director | 1 | $0 | $0 |
| Jacqueline Rogers | Director Trustee or director | 1 | $0 | $0 |
| Jennifer L Schooley | Director Trustee or director | 1 | $0 | $0 |
| Jennifer L Sisk | Director Trustee or director | 1 | $0 | $0 |
| KC Graham | Director Trustee or director | 1 | $0 | $0 |
| Kelly Till | Director Trustee or director | 1 | $0 | $0 |
| Larry Kochard | Director Trustee or director | 1 | $0 | $0 |
| Marshall Acuff | Director Trustee or director | 1 | $0 | $0 |
| Mary C Frediani | Director Trustee or director | 1 | $0 | $0 |
| Michael D Williams | Director Trustee or director | 2 | $0 | $0 |
| Michael Schewel | Director Trustee or director | 1 | $0 | $0 |
| Page E Corey | director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALEXANDER L NYERGES | CHIEF OPERATING OFFICER Officer | 22 | $421,797 | $299,803 |
| TOM GUTENBERGER | DEPUTY DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $525,545 | $53,777 |
| JASMONN COLEMAN | ASST. DEPUTY DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $181,353 | $32,004 |
| HAZEL DUNCAN | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $135,782 | $24,892 |
| HOSSEIN SADID | FORMER CHIEF FINANCIAL OFFICER Former | 22 | $104,635 | $15,529 |
| ANDREW HARRIS | CHIEF FINANCIAL OFFICER Officer | 22 | $87,750 | $15,645 |
| STANLEY J OLANDER JR | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| TING XU | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES M JOHNSON III | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DENISE F KEANE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARSHALL ACUFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FARHAD AGHDAMI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL C BISCEGLIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH EA BLUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX CECIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAGE E COREY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY C FREDIANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN GARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KC GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEBE HEINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYLER HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES T HODGES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EUCHARIA N JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIANNE RYDER-COOK JOSEPH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY KOCHARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLOTTE B MCGEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD L RAMSEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AGUSTIN E RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BROCK SAUNDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SCHEWEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER L SCHOOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER L SISK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN R STAELIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH VALENTINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| G RANDOLPH WEBB JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL D WILLIAMS | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 N ARTHUR ASHE BLVD, RICHMOND, VA 23220-4007
- In care of
- % VIRG
- Principal officer (990 for 2024)
- Andrew M Harris, 201 N Arthur Ashe Boulevard, Richmond, VA 23220
- Signed the 990
- Andrew Harris, Chief Financial Officer
- Phone
- (804) 340-1515
- Return prepared by
- Forvis Mazars LLP
Mission
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)
Program accomplishments
- OVER 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.Expenses $40,850,359 · grants $39,336,802
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0205333
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A112)
- Assets (IRS master file)
- $346,948,191
- Income (IRS master file)
- $424,211,933
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $71,216,972 | $46,793,925 | $346,948,191 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $34,183,610 | $39,276,893 | $337,151,601 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $33,257,679 | $36,028,084 | $320,872,335 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $55,007,119 | $31,441,622 | $306,625,729 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0205333).
Questions about VIRGINIA MUSEUM OF FINE ARTS FOUNDATION
- What is the EIN of VIRGINIA MUSEUM OF FINE ARTS FOUNDATION?
- The employer identification number (EIN) of VIRGINIA MUSEUM OF FINE ARTS FOUNDATION is 51-0205333.
- Is VIRGINIA MUSEUM OF FINE ARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to VIRGINIA MUSEUM OF FINE ARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA MUSEUM OF FINE ARTS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA MUSEUM OF FINE ARTS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA MUSEUM OF FINE ARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA MUSEUM OF FINE ARTS FOUNDATION?
- The 990 for the year ended June 30, 2025 names Andrew M Harris.
- Who are the officers and directors of VIRGINIA MUSEUM OF FINE ARTS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 40 people; 7 received compensation from the organization, the highest $731,713 (Tom Gutenberger, Deputy Director of Advancement).
- How much revenue does VIRGINIA MUSEUM OF FINE ARTS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $71,216,972, expenses of $46,793,925 and total assets of $346,948,191 at year end.
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