EIN 51-0205333

Virginia Museum of Fine Arts (VMFA)

IRS 501(c) type
501(c)(3)
Num. employees
36
Year formed
1976
Most recent tax filings
2023-06-01
NTEE code, primary
Description
VMFA's purpose is to collect, preserve, exhibit, and interpret art, to encourage the study of the arts, and thus to enrich the lives of all.
Also known as...
Virginia Museum of Fine Arts Foundation
Total revenues
$33,257,679
2023
Total expenses
$36,028,084
2023
Total assets
$320,872,335
2023
Num. employees
36
2023

Program areas at VMFA

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.

Grants made by VMFA

GranteeGrant descriptionAmount
Virginia Museum of Fine ArtsTo Assist in Implementing and Funding Programs, Projects, and Operations of the Virignia Museum of Fine Arts. for the Year Ended June 30, 2023, Assistance Was Used for Curatorial, Art Acquisition, Education and Outreach, and Management and General Expenses.$30,112,102

Who funds Virginia Museum of Fine Arts (VMFA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lettie Pate Evans FoundationGeneral Support$6,139,362
TR Va Museum of Fine Arts Uw AdwUnrestricted General$1,195,595
The Community FoundationCommunity Vibrancy$721,775
...and 37 more grants received totalling $9,636,255

Personnel at VMFA

NameTitleCompensation
Alex NyergesDirector and Chief Executive Officer
Alexander L NyergesChief Operating Officer$421,797
Andrew M HarrisChief Financial Officer$87,750
Caprice BraggChief Strategy Officer and Deputy Director for Strategic Planning, Government and Relations Board$353,399
Dr. Michael R. TaylorChief Curator and Deputy Director for Art and Education
...and 14 more key personnel

Financials for VMFA

RevenuesFYE 06/2023
Total grants, contributions, etc.$21,568,528
Program services$0
Investment income and dividends$1,746,308
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$9,748,396
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$194,447
Total revenues$33,257,679

Form 990s for VMFA

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-10990View PDF
2020-062021-05-05990View PDF
2019-062020-08-21990View PDF
...and 9 more Form 990s
Data update history
August 10, 2024
Received grants
Identified 14 new grant, including a grant for $6,139,362 from Lettie Pate Evans Foundation
July 18, 2024
Updated personnel
Identified 7 new personnel
July 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $100,000 from Dominion Energy Charitable Foundation
December 28, 2023
Received grants
Identified 10 new grant, including a grant for $721,775 from The Community Foundation
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
201 N Arthur Ashe Blvd
Richmond, VA 23220
Metro area
Richmond, VA
County
Richmond city, VA
Website URL
vmfa.museum/ 
Phone
(804) 340-1405
Facebook page
myVMFA 
Twitter profile
@vmfa 
IRS details
EIN
51-0205333
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1976
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A51: Art Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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