Program areas at Venture Richmond
Richmond folk festival - oversee, plan, produce, market & sponsorship of Richmond folk festival event in downtown Richmond. The revenue includes support from the service districts of $200,000, a grant from the city arts & culture ($166,000) and contributions of $109,625.
Venture 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 includes a $700,000 clean, safe, and green municipal grant provided by the city of Richmond.
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. Total revenue for riverfront management includes a $200,000 municipal grant provided by the city of Richmond.
Grants made by Venture Richmond
| Grantee | Grant description | Grant year | Amount |
|---|
| Unique Resource Center | To Recruit New Tenants To Broad Street in the Downtown Richmond Arts District. | 2022-12 | $10,000 |
| Nurturing Minds | To Recruit New Tenants To Broad Street in the Downtown Richmond Arts District. | 2022-12 | $10,000 |
Who funds Venture Richmond
Grants from foundations and other nonprofits
Personnel at Venture Richmond
| Name | Title | Compensation | Date of data |
|---|
| Lisa W Sims | Chief Executive Officer | $212,598 | 2023-05-15 |
| Lisa Simsceoa | Executive Director | | 2021-08-30 |
| Stephen R Lecky | Director of Events | $114,767 | 2022-12-31 |
| Brian Jackson | General Counsel | $0 | 2022-12-31 |
| Max Hepp-Buchanan | Director of Riverfront and D | $114,173 | 2022-12-31 |
| ...and 10 more key personnel |
Financials for Venture Richmond
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $1,893,203 | $1,861,066 | 1.7% |
| Program services | $4,587,365 | $3,713,711 | 23.5% |
| Investment income and dividends | $184 | $226 | -18.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $6,480,752 | $5,575,003 | 16.2% |
Organizations like Venture Richmond
| Organization | Type | Location | Revenue |
|---|
| Columbus Downtown Development Corporation (CDDC) | 501(c)(3) | Columbus, OH | $21,128,443 |
| Central Baltimore Partnership | 501(c)(3) | Baltimore, MD | $4,310,518 |
| Philadelphia Chinatown Development Corporation (PCDC) | 501(c)(3) | Philadelphia, PA | $5,220,135 |
| Mission Economic Development Agency (MEDA) | 501(c)(3) | San Francisco, CA | $26,896,587 |
| Neighborhood Development Center | 501(c)(3) | Saint Paul, MN | $11,058,060 |
| Albina Vision Trust | 501(c)(3) | Portland, OR | $1,693,005 |
| Newtown Macon | 501(c)(3) | Macon, GA | $9,813,654 |
| Camden Community Partnership | 501(c)(3) | Camden, NJ | $5,252,503 |
| Greater Jamaica Development Corporation | 501(c)(3) | Jamaica, NY | $7,601,973 |
| Ohio City Incorporated | 501(c)(3) | Cleveland, OH | $2,141,037 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 7 new personnel
June 25, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
- Address
- 200 South Thrid St
- Richmond, VA 23219
- Metro area
- Richmond, VA
- Website URL
- venturerichmond.com/Â
- Phone
- (804) 788-6470
- Facebook page
- venture.richmondÂ
- Twitter profile
- @venturervaÂ
IRS details
- EIN
- 52-1256458
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1984
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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