Virginia Foundation For Public Media
92% goes to programs Strong reserves
Virginia Foundation For Public Media is a 501(c)(3) organization based in N Chesterfld, Virginia, registered in 2018, with $4,808,618 in FY2023 revenue. CharityIndex grades it C, and it directs about 92% of spending to programs.
23 Sesame St, N Chesterfld, VA, 23235 EIN 82-2118572 Since 2018
Revenue (FY2023)
$4.8M
▼ 33.5% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$8.2M
Net assets
$179.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating92% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Virginia Foundation For Public Media: 92% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating263 mo reserves · -70% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Virginia Foundation For Public Media: 263 mo reserves · -70% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Virginia Foundation For Public Media: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Virginia Foundation For Public Media: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The foundation operates as a "supporting organization" by providing funding to support the charitable and educational activities of vpm media corporation.
Contact & location
- Address
- 23 Sesame St, N Chesterfld, VA, 23235
- City
- N Chesterfld
- State
- Virginia
- Category
- Arts, Culture & Humanities
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $160.3M (FY2017) to $4.8M (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $729KNet assets $179.0M
Operating margin
-70.1%
Spent more than it raised in the latest fiscal year.
Total assets
$179.7M
Total liabilities
$729K
Net assets
$179.0M
Salaries & benefits
$0
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,808,618▼33.5% | $8,177,782▼13.1% | $178,986,744▲8.5% | $179,716,013▲8.7% | 990 |
| 2022 | $7,231,441▼9.8% | $9,407,592▼12.7% | $164,946,138▲3.9% | $165,262,196▲4.0% | 990 |
| 2021 | $8,019,464▲59.6% | $10,771,383▲41.2% | $158,716,601▼14.2% | $158,897,506▼14.3% | 990 |
| 2020 | $5,025,363▲59.7% | $7,630,453▼7.3% | $184,918,628▲19.1% | $185,376,659▲17.0% | 990 |
| 2019 | $3,146,825▼22.3% | $8,229,359▲8.8% | $155,316,792▼2.4% | $158,411,435▼0.8% | 990 |
| 2018 | $4,051,257▼97.5% | $7,561,250▲318% | $159,071,874▲0.5% | $159,626,521▲0.7% | 990 |
| 2017 | $160,331,735 | $1,808,938 | $158,258,205 | $158,561,636 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel Smythe | Chief Investment Officer | 1 | — |
| Gary Ometer | Cfo | 1 | — |
| Jayme Swain | Ceo and President | 1 | — |
| Jim Cheng | Director | 1 | — |
| Karen Skidmore | Director | 1 | — |
| Kevin Nicholson | Director | 1 | — |
| Michael Williams | Chair | 1 | — |
| Patty Merrill | Director | 1 | — |
| Philip Goodpasture | Director | 1 | — |
| Rich Diemer | Vice-chair | 1 | — |
| Sheila Corcoran | Director | 1 | — |
| Ting Xu | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Smbw Pllc | Architectural Services | $945,890 |
| Jones Lang Lasalle Americas Inc | Project Management | $420,649 |
| Broadcast Management Group LLC | Broadcast System Design | $363,000 |
| Brown Advisory | Investment Services | $223,850 |
Grants received · $5,500 total
1 grant to Virginia Foundation For Public Media totaling $5,500, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $5,500 |
Grants made · $7.5M in FY2023
1 grant totaling $7.5M in FY2023. All grants made by Virginia Foundation For Public Media →
| Recipient | Purpose | Amount |
|---|---|---|
| Vpm Media Corporation | To advance the organization's purpose as a public media outlet | $7,496,488 |
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Compare Virginia Foundation For Public Media
Frequently asked questions
- Is Virginia Foundation For Public Media a legitimate nonprofit?
- Yes. Virginia Foundation For Public Media is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-2118572, based in N Chesterfld, Virginia. Donations are tax-deductible.
- What is Virginia Foundation For Public Media's EIN?
- Virginia Foundation For Public Media's Employer Identification Number (EIN) is 82-2118572.
- How much revenue does Virginia Foundation For Public Media report?
- Virginia Foundation For Public Media reported $4,808,618 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Virginia Foundation For Public Media's spending goes to programs?
- Virginia Foundation For Public Media spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Virginia Foundation For Public Media have?
- CharityIndex grades Virginia Foundation For Public Media C, based on program efficiency and fundraising cost.
- How much does Virginia Foundation For Public Media's highest-paid employee make?
- The highest reported compensation on Virginia Foundation For Public Media's latest Form 990 is $0, paid to Daniel Smythe (Chief Investment Officer).
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Data for Virginia Foundation For Public Media (EIN 82-2118572) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.